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Showing posts from September, 2014

Mystery day trader makes millions betting on Japanese markets

Japanese day trader plays Tokyo stock market from his bedroom, one of many individuals who have been pushing up local stocks higher

SGX: T+2 is not the end of contra trading

Trading tech vendor says settlement will be devolved to individual broking firms

Sino Construction to bid to take over Australia’s GUF

Mainboard-listed Sino Construction Ltd intends to make an off-market takeover bid to acquire Australian-listed Guildford Coal (GUF).

SGX’s Bocker wants board lots phased out

Singapore Exchange (SGX) chief executive Magnus Bocker has pledged his commitment to eventually do away with board lots, and has spoken up for retail participation and sustainability as he outlined strategies to address lacklustre markets.

Sino Construction to make takeover bid for Australia’s Guildford Coal; plans name change

SGX sees end to Chinese IPO hiatus

Singapore Exchange (SGX) is forecasting an end to a two-year hiatus for Chinese listings after regulators made it easier for companies from Asia’s biggest economy to sell shares in the city-state.

Short sellers target China, this time from the shadows

Short-sellers who profit from stock price declines have resumed targeting Chinese companies after a three-year lull, but many of the researchers who instigate the strategy are now cloaked in anonymity, shielding themselves from angry companies and Beijing’s counter-investigations.

Blumont - Does it already have indirect control over Merlin Diamonds Ltd?

Lum Chang sells LCD Global stake

Vendors of combined 29.5% stake include David Lum and Raymond Lum

A regulatory body separate from SGX?

The Singapore Exchange’s (SGX) plan to boost its disciplinary powers to improve the quality of the market is long overdue - coming as it did after debacles such as the penny-stock collapse last year.

SGX details plans for minimum share price

It also seeks more disciplinary powers and proposes industry-led committees

SGX Link 1

SGX Link 2

Why China’s appetite for coal has likely peaked

A recent report from Greenpeace has found that China’s coal consumption declined in the first half of this year and new Chinese government data suggests that the country’s coal imports have dropped. Estimates indicate that by the end of the year, China’s coal imports could be 8 per cent below 2013 levels.

Wrong to use ‘irrevocable’ when it isn’t

Earlier this year, a listed company here embarked on a non-underwritten rights issue to raise money for investment and working capital and, presumably to enhance the attractiveness of the offer, its announcements on the rights issue highlighted the fact that the company’s substantial shareholder had given an “irrevocable” undertaking to fully subscribe to its portion.

SGX to make adjustments to existing watch-list by March 2015

SGX says it will proceed to set a minimum trading price of 20 cents for mainboard-listed stocks given strong public support for the requirement, in a move aimed at curbing excessive speculation and potential manipulation.

Magnus Energy's MD resigns

Largest offshore services support stocks in Singapore

Cosco signs landmark deal with Vale for giant ore carriers

China Cosco Holdings has signed a landmark deal with Brazilian miner Vale for the transport of iron ore and the purchase of 14 very large ore carriers, which have been barred from entering mainland ports since early 2012.

SFC action hands ex-Citic Pacific directors a get-out-of-jail-free card

A criminal case against Citic Pacific directors who oversaw huge losses would be far harder for the authorities to pursue than civil action

Magnus Energy Chief Sued by Broker Over Stock Rout

Shanghai investors wary of Hong Kong market

Through train fails to impress some mainlanders, who say they are unfamiliar with local regulations and are put off by higher share prices

Eratat seeks details on investigations into unit

Eratat Lifestyle said on Friday that it has requested for more details on the investigations led by the China Banking Regulatory Commission (CBRC), which last month found a forged bank confirmation linked to the company’s subsidiary.

Blumont takes 43% stake in uranium miner

Blumont Group now holds a 43.08 per cent stake in privately held uranium miner Azarga Resources after converting US$19.1 million worth of convertible notes.

Blumont's offer for Genesis extended

Blumont Group on Thursday said that its all-share bid for all of Australia-listed miner Genesis Resources has been extended because it is missing information from Genesis needed to produce a shareholder circular.

US court order brings hope for Chinese firms

US judge’s move to sanction lawyers for their ‘reckless and frivolous’ claims against Pacific Bepure eases concern over securities litigation

Small-cap stocks seen extending rally in Malaysia

Top fund manager says investors are underestimating growth prospects

The joke is on the auditors when it comes to true figures

And the best jokes are the financial figures of many mainland private enterprises, and the fact that some investors actually believe them.

SGX, take a leaf or 2 from other bourses

When looking at ways to enhance disclosures in the Singapore stock market, it is often instructive to study practices in other stock exchanges to see if any can be adopted for the local bourse. One useful suggestion came from a BT reader a fortnight ago.

Fung Choi shares plunge 20% on speculation over accounts integrity

Shares of Fung Choi Media Group took a battering for a second straight session yesterday on speculation over the integrity of its accounts.

LionGold delays Aussie deal to Sept 30

LionGold Corp has delayed a planned acquisition of Australian gold mining and exploration assets for a second time, with the new deadline pushed to the close of Sept 30.

State Council issues guidelines to reform shipping industry

Policy initiative issued by State Council lifts importance of shipping to national strategic level

LionGold, Blumont clarify reports

Gold miner LionGold Corp and Blumont Group have issued clarifications in relation to a story carried by The EdgeSingapore and The Edge Malaysia this week on the penny stock crash which took place last October.

China to launch unified securities account platform from October 1

What do retail investors really want?

The Singapore penny-stock crash of October last year was a painful affair that generated widespread discussion among regulators, stockbrokers and members of the public on what went wrong, how it could have been handled better and how to prevent a recurrence.

Indonesian coal sector set to consolidate

Prices have been soft, and it may take a while for a stable turnaround to come