小资女向前冲（大马股市）

                      Haiz~ 星期二要interview 要present SGX, 还没有准备~~~SGX 是什么冬夏

Business

- SGX: Singapore Exchange Limited  （新加坡交易所）

- 公司超简：The Company is an integrated exchange, providing global investors the full value chain from trading and clearing, to settlement and depository services for access to Asian products and services across different asset classes

- operates in three business segments

   1) securities market (services:listing, trading, clearing, depository, market data, member services and connectivity, and issuer services for the securities market. )

   2) derivatives market (services:  trading, clearing, market data, member services and connectivity for the derivatives market )

   3) other operations (services:  other services apart from those listed in securities market and derivatives market.  )

- SGX's securities products include ordinary shares, preference shares, warrants, bonds, debentures, exchange-traded funds, stapled securities and loan stocks.   这是什么，他的products??

股价

 SGX price chart                                                                                                                                            Bursa price chart

看图感觉bursa 比较好因为是uptrend,可是SGX的图形好像很fluctuate, 但是面对的市场不一样，那个表现比较好，很难讲

好烦哦，没有看过这类公司，不懂从哪里看啊

看看过往业绩吧

业绩

- 2Q 2017: 从季报可以知道SGX的revenue 来源. 整体revenue,贡献最多的是E&FI

1）Equities & Fixed Income: Issuer Services (E&FI Revenue contribute: 19.26%)

2）Equities & Fixed Income: Securities Trading and Clearing   ( E&FI Revenue conrtibute: 51%)

3）Equities & Fixed Income: Post Trade Services (E&FI Revenue contribute: 29.3%)

4）Derivatives (Equity and commodities: 73%  ; Collateral management,license membership and other: 24%)

5）Market Data and Connectivity

- SGX 现在的策略是节省花费

影响SGX因素

- US Election

- Interest rate (升息会让capiatal撤离新加坡)

- US economy

- Asian economies 

Benefits

- Management appears to be fairly optimistic about the outlook as they shared that the IPO pipeline looks healthy for 2017 (kimeng, 2017)

News

28 Sept 2016

- Acquisition of The Baltic Exchange, which will widen SGX’s offering, especially for index services and products. 

- The Baltic Exchange is a 272-year-old shipping marketplace credited with helping expand British trade during the country’s imperial heyday.

Valuation 

16 Jan 2017

-  trading volumes  ( trading volumes for the 2Q to Dec rose 9% on quarter to $1.06 billion )

- maintaining his forecast of $1.27 billion in SGX trading volumes for the full year ending June

- Target price: S$9.10 (RHB)

Target price:

- 17/2/2017: RM 7.59

- current PE: 24

- Given PE:22

- Target price: S$7.64 (i3investor)

- Target price: S$7.23 (CIMB)

- Target price: S$ 8.30 (DBS)

- Target price: S$9.10 (RHB)

Reference:

https://sgx.i3investor.com/blogs/sgxstockwarrant/29477.jsp

https://sgx.i3investor.com/servlets/fdnews/65922.jsp

https://sgx.i3investor.com/servlets/fdnews/65819.jsp

https://sgx.i3investor.com/blogs/sgxstockwarrant/29127.jsp

http://quotes.wsj.com/SG/XSES/S68