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Letzter Kurs 19.04.24 Tradegate
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| Wertpapier | Kurs | Perf. % |
|---|---|---|
| 3,0000 | +500,00 | |
| 1,4300 | +40,20 | |
| 11,300 | +29,14 | |
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bringt derzeit knapp 3% Dividendenrendite; neben Hongkong interessanter asiatischer Börsenplatz
Published: 21-Sep-2010
Singapore Exchange (SGX) has launched corporate bonds for retail investors, on SGX primary and secondary markets.
According to Singapore Exchange, these corporate bonds, issued by SGX-listed companies and other organizations, will be traded in smaller denominations.
In this regard, Singapore Airlines has announced an offer of SGD300m in bonds due in 2015, a portion of which is to be offered to the public.
The Public Offer will open on 22 September 2010. This issue of corporate bonds will be tradable on SGX Mainboard on 1 October 2010.
SGX senior vice president and head of fixed income Tng Kwee Lian said this is the first in a series of corporate bonds SGX is offering to retail investors. SGX's initiative to develop the bond market for retail investors augments SGX’s value proposition as an innovative and leading trading hub in Asia.
Published: 21-Sep-2010
Singapore Exchange (SGX) has launched corporate bonds for retail investors, on SGX primary and secondary markets.
According to Singapore Exchange, these corporate bonds, issued by SGX-listed companies and other organizations, will be traded in smaller denominations.
In this regard, Singapore Airlines has announced an offer of SGD300m in bonds due in 2015, a portion of which is to be offered to the public.
The Public Offer will open on 22 September 2010. This issue of corporate bonds will be tradable on SGX Mainboard on 1 October 2010.
SGX senior vice president and head of fixed income Tng Kwee Lian said this is the first in a series of corporate bonds SGX is offering to retail investors. SGX's initiative to develop the bond market for retail investors augments SGX’s value proposition as an innovative and leading trading hub in Asia.
gestern nacht Meldung, dass man die ASX übernehmen will. Leider habe ich die nicht eher gesehen...
ASX-Singapore merger to build world's 5th biggest exchange
8:00 AM Tuesday Oct 26, 2010
SINGAPORE - The Singapore Exchange announced it is making a $8.3 billion cash and shares takeover offer for the operator of the Australian bourse, aiming to vault from second-tier stock market to leading Asian finance centre.
The combined exchange company would be the world's fifth-largest by market value and rank as the second-largest stock market in Asia by number of listed companies, the two exchanges said in a joint statement. By other measures it would still rank behind Tokyo, Hong Kong and Shanghai.
The deal aims to give both exchanges a better chance of prospering amid increased competition within Asia and as cross-border trading platforms like Chi-X Europe usurp the dominance of established stock exchanges.
Local business commmentator and investor Brian Gaynor told the New Zealand Herald that the merger could be a "double-edged sword" for New Zealand companies now listed on the ASX.
"I don't think it's going to be automatically successful for them. there's far more companies over there.
Those that aren't so successful are likely to be more quickly neglected. When you've got twice as many companies you tend to focus on the good ones."
There are more than 20 New Zealand companies listed on the ASX, including Auckland International Airport, Fletcher Building, Fisher and Paykel Healthcare and The Warehouse.
Gaynor said for companies with ambition to expand in Asia any merger could provide additional exposure to wider markets but could have a negative impact on the New Zealand sharemarket.
"It's unlikely to be positive for the NZX because it's likely to make more of our companies more willing to go," said Gaynor.
The Australian Securities Exchange Ltd, known as ASX, is set to lose its monopoly on operating a stock market in Australia in 2011 and an affiliate of Chi-X Europe is planning to set up a trading system once the monopoly is abolished. Singapore, meanwhile, has long lagged behind Hong Kong and Tokyo as a regional financial center.
"The capital flow we see today is really changing from West to East," Singapore Exchange chief executive Magnus Bocker said at a news conference. "This will be the gateway to Asian capital markets."
The exchange operating company formed from the takeover of ASX would have a market value of $12.3 billion and be responsible for some 2,700 listed companies.
According to September data from the World Federation of Exchanges, the combined exchange would list companies worth about $1.9 trillion, fourth most in Asia behind Tokyo, Hong Kong and Shanghai. Companies traded on the New York Stock Exchange have a total market capitalization of $12.3 trillion, the most in the world.
Combined trading volume of the Singaporean and Australian exchanges was worth about $US1 trillion during the first nine months of the year, sixth-most in Asia and far behind global leader NYSE which has had volume worth $13.8 trillion in the January-to-September period.
The takeover offer of 48 Australian dollars ($47.11) per share is 37 per cent higher than ASX's last traded price on Thursday - a day before its shares were halted from trading pending an announcement on the deal.
It comprises AU$22 cash plus 3.473 shares in the Singapore Exchange for each share in the Australian stock exchange operator.
ASX shares surged more than 20 per cent when trading resumed after the announcement to AU$43.49. Shares in Singapore Exchange, also known as SGX, fell 4.6 per cent to Singapore dollars 9.10 ($7.02).
Hong Kong, Singapore's regional rival as a financial hub, isn't currently looking for a partner for its stock exchange, K.C. Chan, the territory's secretary for financial services and the treasury.
"Every stock exchange needs to have its own strategy," Chan told reporters Monday. "If the Hong Kong stock exchange wanted a partner, I don't think it would have much difficulty finding one."
The companies hope to finalize the deal in the second quarter of 2011, but will need the approval of regulators in each country including Australia's Foreign Investment Review Board and Australian Treasurer Wayne Swan.
"I don't think we would have announced it if we didn't believe that the approvals would be forthcoming," ASX chief executive Robert Elstone said.
The chief of Australia's competition regulator said he did not see any potential problems with the proposed deal.
"I think it's a matter between the Singapore Exchange and the Australian exchange, and I can't see that raising competition issues for us," Graeme Samuel, chairman of the Australian Competition and Consumer Commission, told Australian Broadcasting Corp. radio.
"Of course we're much more focused on the potential for new competitors to enter into the Australian market in terms of stock exchange dealings," he said.
-WITH NZ HERALD
8:00 AM Tuesday Oct 26, 2010
SINGAPORE - The Singapore Exchange announced it is making a $8.3 billion cash and shares takeover offer for the operator of the Australian bourse, aiming to vault from second-tier stock market to leading Asian finance centre.
The combined exchange company would be the world's fifth-largest by market value and rank as the second-largest stock market in Asia by number of listed companies, the two exchanges said in a joint statement. By other measures it would still rank behind Tokyo, Hong Kong and Shanghai.
The deal aims to give both exchanges a better chance of prospering amid increased competition within Asia and as cross-border trading platforms like Chi-X Europe usurp the dominance of established stock exchanges.
Local business commmentator and investor Brian Gaynor told the New Zealand Herald that the merger could be a "double-edged sword" for New Zealand companies now listed on the ASX.
"I don't think it's going to be automatically successful for them. there's far more companies over there.
Those that aren't so successful are likely to be more quickly neglected. When you've got twice as many companies you tend to focus on the good ones."
There are more than 20 New Zealand companies listed on the ASX, including Auckland International Airport, Fletcher Building, Fisher and Paykel Healthcare and The Warehouse.
Gaynor said for companies with ambition to expand in Asia any merger could provide additional exposure to wider markets but could have a negative impact on the New Zealand sharemarket.
"It's unlikely to be positive for the NZX because it's likely to make more of our companies more willing to go," said Gaynor.
The Australian Securities Exchange Ltd, known as ASX, is set to lose its monopoly on operating a stock market in Australia in 2011 and an affiliate of Chi-X Europe is planning to set up a trading system once the monopoly is abolished. Singapore, meanwhile, has long lagged behind Hong Kong and Tokyo as a regional financial center.
"The capital flow we see today is really changing from West to East," Singapore Exchange chief executive Magnus Bocker said at a news conference. "This will be the gateway to Asian capital markets."
The exchange operating company formed from the takeover of ASX would have a market value of $12.3 billion and be responsible for some 2,700 listed companies.
According to September data from the World Federation of Exchanges, the combined exchange would list companies worth about $1.9 trillion, fourth most in Asia behind Tokyo, Hong Kong and Shanghai. Companies traded on the New York Stock Exchange have a total market capitalization of $12.3 trillion, the most in the world.
Combined trading volume of the Singaporean and Australian exchanges was worth about $US1 trillion during the first nine months of the year, sixth-most in Asia and far behind global leader NYSE which has had volume worth $13.8 trillion in the January-to-September period.
The takeover offer of 48 Australian dollars ($47.11) per share is 37 per cent higher than ASX's last traded price on Thursday - a day before its shares were halted from trading pending an announcement on the deal.
It comprises AU$22 cash plus 3.473 shares in the Singapore Exchange for each share in the Australian stock exchange operator.
ASX shares surged more than 20 per cent when trading resumed after the announcement to AU$43.49. Shares in Singapore Exchange, also known as SGX, fell 4.6 per cent to Singapore dollars 9.10 ($7.02).
Hong Kong, Singapore's regional rival as a financial hub, isn't currently looking for a partner for its stock exchange, K.C. Chan, the territory's secretary for financial services and the treasury.
"Every stock exchange needs to have its own strategy," Chan told reporters Monday. "If the Hong Kong stock exchange wanted a partner, I don't think it would have much difficulty finding one."
The companies hope to finalize the deal in the second quarter of 2011, but will need the approval of regulators in each country including Australia's Foreign Investment Review Board and Australian Treasurer Wayne Swan.
"I don't think we would have announced it if we didn't believe that the approvals would be forthcoming," ASX chief executive Robert Elstone said.
The chief of Australia's competition regulator said he did not see any potential problems with the proposed deal.
"I think it's a matter between the Singapore Exchange and the Australian exchange, and I can't see that raising competition issues for us," Graeme Samuel, chairman of the Australian Competition and Consumer Commission, told Australian Broadcasting Corp. radio.
"Of course we're much more focused on the potential for new competitors to enter into the Australian market in terms of stock exchange dealings," he said.
-WITH NZ HERALD
SGX plans to allow brokers abroad to trade securities
by Millet Enriquez
05:55 AM Dec 28, 2010
SINGAPORE - The Singapore Exchange (SGX) plans to boost liquidity in the local market by expanding membership on the securities market to include foreign brokers who are operating abroad.
These brokers, regarded as "remote trading members", will observe their home rules and deal only for customers outside Singapore.
The SGX is seeking public feedback on the proposal, as well as consequential amendments in its trading rules.
"Foreign investors can deal into the Singapore markets with greater convenience and choice. This will in turn lead to increased liquidity in our Singapore market," it said yesterday.
Currently, foreign investors use multiple intermediaries to trade in the Singapore markets, making it difficult to identify the overseas-based customer and supervise the market effectively, the SGX said.
The remote trading member will fill this gap as it serves as a direct link with the investor outside Singapore.
To qualify, SGX has proposed that foreign brokers must hold relevant licences from regulators in the country where they operate and have minimum shareholders' funds of not less than $1 million.
Remote trading members will also be observing regulatory requirements which are on par with those in Singapore, including proper internal controls and risk management systems.
The SGX added all trades will continue to be cleared via a Singapore-based SGX clearing member which will also have a risk oversight on the trading activities of the remote trading member on the exchange.
"The proposal makes sense as it could reach out to new groups of market participants ... Offshore investors could probably be attracted by easy access to our market," said Mr Albert Fong, president of The Society of Remisiers (Singapore).
He said the SGX may likely need to do some marketing to attract independent hedge funds and big foreign brokers, like Wells Fargo, which do not have offices here.
Phillip Securities managing director Loh Hoon Sun said the proposal may have more impact on foreign brokers here than the local brokers. By opening the gates to the SGX membership, he added, the business of the current members could be diluted.
"Hopefully, they will bring in new business and new clients rather than take away clients from existing members," Mr Loh said.
As for local brokers, NRA Capital executive chairman Kevin Scully said there's a possibility that the overseas brokers they are servicing may now decide to trade directly into the market place should they meet the SGX's requirements.
The public consultation will be open for feedback until Jan 24.
by Millet Enriquez
05:55 AM Dec 28, 2010
SINGAPORE - The Singapore Exchange (SGX) plans to boost liquidity in the local market by expanding membership on the securities market to include foreign brokers who are operating abroad.
These brokers, regarded as "remote trading members", will observe their home rules and deal only for customers outside Singapore.
The SGX is seeking public feedback on the proposal, as well as consequential amendments in its trading rules.
"Foreign investors can deal into the Singapore markets with greater convenience and choice. This will in turn lead to increased liquidity in our Singapore market," it said yesterday.
Currently, foreign investors use multiple intermediaries to trade in the Singapore markets, making it difficult to identify the overseas-based customer and supervise the market effectively, the SGX said.
The remote trading member will fill this gap as it serves as a direct link with the investor outside Singapore.
To qualify, SGX has proposed that foreign brokers must hold relevant licences from regulators in the country where they operate and have minimum shareholders' funds of not less than $1 million.
Remote trading members will also be observing regulatory requirements which are on par with those in Singapore, including proper internal controls and risk management systems.
The SGX added all trades will continue to be cleared via a Singapore-based SGX clearing member which will also have a risk oversight on the trading activities of the remote trading member on the exchange.
"The proposal makes sense as it could reach out to new groups of market participants ... Offshore investors could probably be attracted by easy access to our market," said Mr Albert Fong, president of The Society of Remisiers (Singapore).
He said the SGX may likely need to do some marketing to attract independent hedge funds and big foreign brokers, like Wells Fargo, which do not have offices here.
Phillip Securities managing director Loh Hoon Sun said the proposal may have more impact on foreign brokers here than the local brokers. By opening the gates to the SGX membership, he added, the business of the current members could be diluted.
"Hopefully, they will bring in new business and new clients rather than take away clients from existing members," Mr Loh said.
As for local brokers, NRA Capital executive chairman Kevin Scully said there's a possibility that the overseas brokers they are servicing may now decide to trade directly into the market place should they meet the SGX's requirements.
The public consultation will be open for feedback until Jan 24.
SGX posts 2Q net profit of $81.7m, misses expectations
WRITTEN BY THOMSON REUTERS
TUESDAY, 18 JANUARY 2011 09:13
Singapore Exchange (SGX) said on Tuesday it was on track to complete its US$7.8 billion ($10 billion) merger with Australian bourse operator ASX in 2011, as it missed forecasts for quarterly profit on higher costs such as technology spending.
SGX, Asia's second-biggest listed bourse operator after rival Hong Kong Exchanges and Clearing, reported an adjusted 14% rise in October-December profit and said it will benefit from higher securities and derivatives turnover in the financial year.
SGX said the regulatory process related to its merger with ASX was proceeding as planned.
“We continue to work with the relevant stakeholders, including (Australia's) Foreign Investment Review Board, with the aim of completing the proposed combination in 2011,” SGX CEO Magnus Bocker said in a statement.
The bid to take over ASX overcame a hurdle last month when the Australian competition regulator cleared it.
But the deal to create Asia's fourth-biggest bourse by volume still needs the approval of Australia's parliament and some politicians have expressed concern that a foreign takeover would not be in Australia's interest.
Bocker, who joined the exchange in December 2009 from Nasdaq OMX, has tried to boost trading volumes by rolling out new products such as the American Depository Receipts of top Chinese companies and getting more parties to trade on SGX as Singapore loses out to Hong Kong in the race for mega-listings.
SGX earned $81.7 million adjusted net profit in October-December, compared with $71.8 million a year ago. If transaction costs related to the merger with ASX were included, net profit was $74.2 million, little changed from the first quarter.
Analysts had forecast an average $84.7 million net profit for the company's second quarter, according to a Reuters survey of five analysts.
Securities market revenue -- which was about 47% of total revenue -- rose 20% to $81 million on higher turnover from a year earlier. Derivatives revenue also climbed 8%, helped by volumes from options and commodities.
SGX has launched a slew of over-the-counter derivative products such as metals and commodities which could position the bourse as a commodity exchange between China, Australia and the rest of Asia, said CIMB's Kenneth Ng in a research note.
Technology spending increased 33% to $25.6 million.
Still, SGX shares underperfomed the broader market in the fourth quarter and have fallen about 18% since hitting its highest level in more than 2-1/2 years in mid-October, as investors turned negative on its bid for ASX.
SGX shares closed down 0.12% on Monday, versus a 0.23% fall in the broader market. ASX shares were down 0.4% in early morning trade on Tuesday.
WRITTEN BY THOMSON REUTERS
TUESDAY, 18 JANUARY 2011 09:13
Singapore Exchange (SGX) said on Tuesday it was on track to complete its US$7.8 billion ($10 billion) merger with Australian bourse operator ASX in 2011, as it missed forecasts for quarterly profit on higher costs such as technology spending.
SGX, Asia's second-biggest listed bourse operator after rival Hong Kong Exchanges and Clearing, reported an adjusted 14% rise in October-December profit and said it will benefit from higher securities and derivatives turnover in the financial year.
SGX said the regulatory process related to its merger with ASX was proceeding as planned.
“We continue to work with the relevant stakeholders, including (Australia's) Foreign Investment Review Board, with the aim of completing the proposed combination in 2011,” SGX CEO Magnus Bocker said in a statement.
The bid to take over ASX overcame a hurdle last month when the Australian competition regulator cleared it.
But the deal to create Asia's fourth-biggest bourse by volume still needs the approval of Australia's parliament and some politicians have expressed concern that a foreign takeover would not be in Australia's interest.
Bocker, who joined the exchange in December 2009 from Nasdaq OMX, has tried to boost trading volumes by rolling out new products such as the American Depository Receipts of top Chinese companies and getting more parties to trade on SGX as Singapore loses out to Hong Kong in the race for mega-listings.
SGX earned $81.7 million adjusted net profit in October-December, compared with $71.8 million a year ago. If transaction costs related to the merger with ASX were included, net profit was $74.2 million, little changed from the first quarter.
Analysts had forecast an average $84.7 million net profit for the company's second quarter, according to a Reuters survey of five analysts.
Securities market revenue -- which was about 47% of total revenue -- rose 20% to $81 million on higher turnover from a year earlier. Derivatives revenue also climbed 8%, helped by volumes from options and commodities.
SGX has launched a slew of over-the-counter derivative products such as metals and commodities which could position the bourse as a commodity exchange between China, Australia and the rest of Asia, said CIMB's Kenneth Ng in a research note.
Technology spending increased 33% to $25.6 million.
Still, SGX shares underperfomed the broader market in the fourth quarter and have fallen about 18% since hitting its highest level in more than 2-1/2 years in mid-October, as investors turned negative on its bid for ASX.
SGX shares closed down 0.12% on Monday, versus a 0.23% fall in the broader market. ASX shares were down 0.4% in early morning trade on Tuesday.
Trading Spotlight
BSE, SGX refute 'inaccurate' media reports
05:55 AM Jan 20, 2011
SINGAPORE - The Bombay Stock Exchange (BSE) and Singapore Exchange (SGX) said yesterday in a joint statement that news reports about BSE considering to take SGX to court were "inaccurate and without basis".
Earlier, news reports from India, quoting unnamed sources, claimed that BSE was planning to sue SGX over an alleged breach of the terms of an agreement signed in 2007, when SGX acquired a 5-per-cent stake in BSE.
SGX's right to offer Nifty futures was accepted in the agreement, but the Indian media had suggested that the deal did not cover Nifty derivatives such as an options contract, which SGX plans to start offering soon.
The BSE-SGX joint statement said: "The investment agreement entered into by the SGX and BSE in 2007 clearly contemplates the launch of Nifty-related products, including Nifty options, by SGX."
Meanwhile, the SGX said yesterday that it would launch the world's fastest trading engine, SGX Reach, on Aug 15 to broaden the spectrum of trade for investors and allow more brokers to join the market place.
The SGX said last year that it would invest $250 million for a new trading infrastructure that would enable overseas customers to trade through the bourse at a lower cost.
It said the new engine has an order response time of 90 microseconds and can handle 1 million order-book changes per second per partition. That is 100 times the capacity of the existing engine.
SGX chief executive Magnus Bocker said: "Reach will provide our customers with leading-edge services delivered on a high-speed platform and driven by world-class technology. The availability of our diversified products suite on Reach will help Singapore leap ahead of other global financial markets as a centre for international fund-raising and investment."
05:55 AM Jan 20, 2011
SINGAPORE - The Bombay Stock Exchange (BSE) and Singapore Exchange (SGX) said yesterday in a joint statement that news reports about BSE considering to take SGX to court were "inaccurate and without basis".
Earlier, news reports from India, quoting unnamed sources, claimed that BSE was planning to sue SGX over an alleged breach of the terms of an agreement signed in 2007, when SGX acquired a 5-per-cent stake in BSE.
SGX's right to offer Nifty futures was accepted in the agreement, but the Indian media had suggested that the deal did not cover Nifty derivatives such as an options contract, which SGX plans to start offering soon.
The BSE-SGX joint statement said: "The investment agreement entered into by the SGX and BSE in 2007 clearly contemplates the launch of Nifty-related products, including Nifty options, by SGX."
Meanwhile, the SGX said yesterday that it would launch the world's fastest trading engine, SGX Reach, on Aug 15 to broaden the spectrum of trade for investors and allow more brokers to join the market place.
The SGX said last year that it would invest $250 million for a new trading infrastructure that would enable overseas customers to trade through the bourse at a lower cost.
It said the new engine has an order response time of 90 microseconds and can handle 1 million order-book changes per second per partition. That is 100 times the capacity of the existing engine.
SGX chief executive Magnus Bocker said: "Reach will provide our customers with leading-edge services delivered on a high-speed platform and driven by world-class technology. The availability of our diversified products suite on Reach will help Singapore leap ahead of other global financial markets as a centre for international fund-raising and investment."
minimale Gewinnsteigerung per HJ zum 31.12.2011
refresh zur Vermeidung der Historisierung
operativ wenig Verändrungen, bringt immer brav die Divi
derzeit 3,7% Rendite
derzeit 3,7% Rendite
im vergangenen GJ mehr als 10% Umsatzzuwachs
Baltic Exchange and Singapore Exchange enter into exclusive discussions
The Baltic Exchange Limited (“Baltic”) announces that it has entered into exclusive discussions with Singapore Exchange Limited (“SGX”) regarding an offer for the Baltic.
The signing of this exclusivity agreement follows discussion with a number of interested parties. The Baltic’s Board considers that SGX has made an attractive proposal that has the potential to enhance significantly the position of the Baltic, serving the needs of Baltic members, shareholders and other stakeholders. The next phase will be to continue detailed discussions with SGX and consult with Baltic stakeholders before making a final recommendation.
Key aspects of the SGX proposal include commitments to:
- Retain the Baltic’s headquarters in St Mary Axe, London and maintain its premier position within the global shipping community
- Broaden the Baltic’s existing presence in Asia utilising SGX’s strong regional distribution network
- Preserve the Baltic’s current ethos as a membership organisation with member representation whose market activities are governed by the Baltic Code
- Maintain membership subscriptions and data fee levels for members for five years
- Retain the multiple clearing house model
- Sustain the existing market benchmark production and governance model
- Hold SGX clearing fees for FFA contracts at current levels for at least five years
- Continue to provide a broad range of membership services including dispute resolution, social and charitable activities
In addition SGX will seek to enhance the relationship between the Baltic and its contributing panellists and will provide commitment regarding the future business of FFA brokers.
The Baltic Exchange and SGX will together meet with shareholders and the wider stakeholder community of members and key industry participants over the coming weeks to explain the terms of the proposal and build a consensus of support, before presenting a definitive agreement which can form the basis of a Board recommendation to shareholders.
Chairman Guy Campbell explained:
“SGX has indicated that in the event its bid is successful, it would maintain the current model for the Baltic business and our presence and building in London, as the platform for the Baltic’s future growth. The proposed transaction would further strengthen the links between London and Singapore, two of the world’s leading maritime business hubs, to the benefit of all.
“The Board considers this proposal is an exciting development for the Baltic and all the stakeholders in the markets it serves, which secures the future of the Baltic's role in the global maritime marketplace in the 21st century.
“We look forward to communicating directly with many of our stakeholders in the next few weeks to explain the proposal to them.”
Further announcements will be made as appropriate.
Nomura International PLC and Norton Rose Fulbright LLP are acting as advisors to the Baltic Exchange.
The Baltic Exchange Limited (“Baltic”) announces that it has entered into exclusive discussions with Singapore Exchange Limited (“SGX”) regarding an offer for the Baltic.
The signing of this exclusivity agreement follows discussion with a number of interested parties. The Baltic’s Board considers that SGX has made an attractive proposal that has the potential to enhance significantly the position of the Baltic, serving the needs of Baltic members, shareholders and other stakeholders. The next phase will be to continue detailed discussions with SGX and consult with Baltic stakeholders before making a final recommendation.
Key aspects of the SGX proposal include commitments to:
- Retain the Baltic’s headquarters in St Mary Axe, London and maintain its premier position within the global shipping community
- Broaden the Baltic’s existing presence in Asia utilising SGX’s strong regional distribution network
- Preserve the Baltic’s current ethos as a membership organisation with member representation whose market activities are governed by the Baltic Code
- Maintain membership subscriptions and data fee levels for members for five years
- Retain the multiple clearing house model
- Sustain the existing market benchmark production and governance model
- Hold SGX clearing fees for FFA contracts at current levels for at least five years
- Continue to provide a broad range of membership services including dispute resolution, social and charitable activities
In addition SGX will seek to enhance the relationship between the Baltic and its contributing panellists and will provide commitment regarding the future business of FFA brokers.
The Baltic Exchange and SGX will together meet with shareholders and the wider stakeholder community of members and key industry participants over the coming weeks to explain the terms of the proposal and build a consensus of support, before presenting a definitive agreement which can form the basis of a Board recommendation to shareholders.
Chairman Guy Campbell explained:
“SGX has indicated that in the event its bid is successful, it would maintain the current model for the Baltic business and our presence and building in London, as the platform for the Baltic’s future growth. The proposed transaction would further strengthen the links between London and Singapore, two of the world’s leading maritime business hubs, to the benefit of all.
“The Board considers this proposal is an exciting development for the Baltic and all the stakeholders in the markets it serves, which secures the future of the Baltic's role in the global maritime marketplace in the 21st century.
“We look forward to communicating directly with many of our stakeholders in the next few weeks to explain the proposal to them.”
Further announcements will be made as appropriate.
Nomura International PLC and Norton Rose Fulbright LLP are acting as advisors to the Baltic Exchange.
eben kamen Zahlen:
Gewinn und divi unverändert,
aktuelle Rendite, 3,7%
Gewinn und divi unverändert,
aktuelle Rendite, 3,7%
Antwort auf Beitrag Nr.: 52.925.857 von R-BgO am 27.07.16 11:47:10noch 3 Tage...
Antwort auf Beitrag Nr.: 52.925.857 von R-BgO am 27.07.16 11:47:10alles wie gehabt
Bin auch mal mit einer Position für mein Dividendendepot eingestiegen.
Antwort auf Beitrag Nr.: 55.816.275 von R-BgO am 25.09.17 11:33:27
blöd, dass w:o die Bilder oft schluckt...
solide Zahlen fürs Gesamtjahr und Erhöhung der divi auf 7,5c pro Quartal Aufstockung 2017
war bisher zumindest kein Fehler 
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