Tuesday, September 28, 2010


SGX: Russian firms are increasingly looking eastward to Singapore and Hong Kong, to tap on the abundance of liquidity in Asian capital markets. Market watchers are aware of about 6 Russian firms seeking to list on the SGX, and expect a couple to materialize within the next 12 months. Listings would likely come from firms in the resources, maritime and offshore, and consumer-related sectors...

With an overwhelming number of SGX's 302 foreign companies from China, the diversification and additional revenue stream from Russia would be positive for SGX.
Stock received several ratings upgrades recently, following news that it would offer ADR trading of the largest Chinese companies on its platform during Asian hours, raising expectations of a strong surge in trading volumes. The majority of Street rates as Buy, with targets ranging $8.94-10.00.

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