SGX

SGX: The stock exchanges of Malaysia, Singapore and Thailand will link via an electronic trading system that will give investors access to all three markets simultaneously by the 2H11, officials said on Tue. Move is part of a proposed single securities market that will provide
easier access for investors and boost market liquidity in SE Asia….

The Philippines Stock Exchange will join the alliance in the 1H12. It is unclear if Indonesia, Brunei and Vietnam will also join in. The proposed regional exchange is in line with plans to create a European-style economic community for Asean by 2015. On separate note, HKEx chairman highlights its open to potential M&A opportunities that will enhance its ops….

Goldman Sachs has Buy rating on SGX with $10.37 TP, while Daiwa has $9.76 TP.