Showing posts from December, 2014

Brokers to disclose trading curb details from Dec 31

Singapore brokers will announce and explain decisions to impose trading restrictions beginning Dec 31, the Securities Association of Singapore (SAS) announced on Tuesday.

Matex International eyeing coal assets in proposed reverse takeover deal

Mainboard-listed Matex International, a manufacturer and supplier of speciality chemicals for the textile industry, has entered into a heads of agreement with Australian-listed coal producer, Blackgold International Holdings, in relation to the proposed acquisition of its wholly owned subsidiary, Blackgold Holdings Hong Kong, for a consideration sum of S$475 million.

Investors rush to cash in shares linked to Ling family

Shares of the seven listed firms linked to the family of Ling Jihua fell yesterday as probes into the top aide to former president Hu Jintao prompted investors to cash out amid fears of a further slide.

Market manipulation probe fuels concern for Chinese small caps

An investigation into stock market manipulation in China is spurring concern of further losses for shares of smaller companies after a benchmark gauge plunged by the most in a year.

Memstar in RTO deal with China firm

Memstar Technology - a cash company after selling its membrane manufacturing business to United Envirotech - has entered into a US$420 million reverse takeover deal with the owners of Longmen Group, a China-based developer of unconventional natural gas.

Borrowed scrip summaries add value for investors

SGX’s daily Marking of Sell Orders report commendable; but more can be done to enhance its usefulness

Bargains on offer as mining mergers point to bottoming in coal prices

Given the positive outlook for coal in Asia, those with an appetite for risk and deep pockets may get some bargains among the flurry of asset sales

Borrowing binge inflates risks from bets in surging Chinese stock markets

Number of Chinese stocks bought with loaned money doubles in six months to 881b yuan

AP Strategic buys stake in LionGold’s former gold project

Buyer says acquisition allows it to invest in highly prospective mineral mining business

How to restore confidence and take the local market forward

The Singapore Exchange (SGX) has taken a fair amount of criticism for the way trading has deteriorated over the past year since the penny crash of October 2013, a situation not helped by two high-profile computer glitches in the past five weeks.

Asia-Pacific Strategic Investments buys into LionGold’s former asset

Asia-Pacific Strategic Investments has picked up a stake in LionGold’s former Amayapampa Gold Project in Bolivia.

Normal trading should resume, but what’s ‘normal’?

It’s a worrying situation that encapsulates the new “normal” the local stock market finds itself in.

SGX, 'sorry' isn't good enough; let's have an independent review

Saying "sorry" is not good enough. What we need now is a thorough investigation - maybe even an independent committee formed to review the embarrassing incidents.

Singapore stock market’s malaise runs deep and is multi-fold

It would be somewhat unkind to conclude that this week’s market stoppage - the second in a month and third this year - is simply another dismal chapter for a market in malaise. But there is no denying that something is amiss. The numbers don’t lie.

More than words needed to reassure SGX investors

Singapore Exchange (SGX) chief executive Magnus Bocker came out swinging at an hour- long press conference yesterday, explaining in painstaking detail what happened in the bourse operator’s latest “incident”, what it plans to do next, addressing whether he would step down from his job and apologising for good measure.

SGX must get out of its bizzare state of denial

The apology and explicit acceptance of responsibility from Singapore Exchange (SGX) chief executive Magnus Bocker for Wednesday’s computer system breakdown was the first indication in many months that SGX is willing to concede that things are not at all right with many aspects of its business.

Second market stoppage in a month triggers SGX ‘sorry’ and MAS warning

Software defect prompts SGX to delay market opening by 3-1/2 hours while market mulls the hit to confidence in and reputation of the exchange

CosmoSteel forms alliance with Japanese steel trader Hanwa

Supplier of piping system components to the energy and marine sectors, mainboard-listed CosmoSteel Holdings on Monday announced it has entered into a subscription agreement with Tokyo-listed Japanese steel trader Hanwa to raise S$15.3 million.

Qualified trading reps can provide investment advice

We refer to the article by R Sivanithy, “Reinvent rules for remisiers” (BT, Nov 18).