Wednesday, January 19, 2011

SGX

SGX is interested in pursuing Japanese listing on its bourse particularly in O&M and property sectors. Only a handful of Japanese firms are listed here, Nomura Holdings, Isetan and others with Japanese assets Saizen REIT…

The recent GLP’s $3.9b IPO has stirred interest in Japanese firms listing on the SGX particularly the real estate sector. Obstacles which remain include adherence and familiarity with reporting standards and language barriers. Statement comes on back with SGX move to scrap its lunch break in line with world bourses operating standards and expects a 6-12% increase in volume…

In separate news, SGX is expected to launch the world’s fastest trading engine on Aug 15 to compete with rivals. Co will invest $250m on the infrastructure, to boost capacity by 100x, which will enable overseas customers to trade with lower costs as well. Co reported net profit of $74.2m and was up 7c higher at $8.50 at yday’s close.

No comments:

Post a Comment