Hi Lowchia,

 Thanks for your warning. I even just to vest at 8.55.  Now wait and see. Of course this is my decision. Thanks again.

Daiwa keeps Singapore Exchange (S68.SG) at Outperform; says share-price decline of 9.3% since merger proposal with ASX (ASX.AU) “has more than priced in the key negative factors, such as ROE deterioration, increased gearing, and a potential market-share loss for ASX.”

Continues to like SGX as merger should improve operating efficiency, “we also believe an enlarged market could make SGX more attractive as a fund-raising location for companies.”

Lowers target to $9.76 from $10.60, due to change in valuation approach to discounted free-cash-flow-to-equity, revises up EPS forecasts by 23% for FY12, FY13 to reflect estimated financial impact of merger.



“In addition, SGX offers a dividend yield of 4.3%-4.5% on our FY12-13 DPS forecasts, revised up by about 10% as a result of the merger.” Shares off 0.5% at $8.58.

 /The Edge Singapore/

 

 

base on charting its going down trend but if tonight dow jone doing good it might be a turn around..which is a 50-50% chances provided dj goes up.

iPunter      ( Date: 17-Nov-2010 20:44) Posted: This counter is quite dicey to buy at this time.       It may go up, but it may also go down bigly.            But my preference is down, not because I am a bear,                but because it is my bet, hehehe...