Paulina McGroarty Head EMEA, Listings. November 2011
|
|
- Marvin Lewis
- 5 years ago
- Views:
Transcription
1 The Listing Choice in Asia Paulina McGroarty Head EMEA, Listings November 2011
2 Singapore A Global Financial Centre Home to global companies Asia Pacific headquarters to >1/3 of Fortune 500 companies Wealth hub with largest institutional investor base in Asia >US$1.5 trillion assets under management World s 4th largest foreign exchange trading centre >US$330 billion average daily volume in 2010 Asian logistics centre World s largest bunker port and 2nd largest container port Trading centre for commodities 300 global trading companies 90 top global traders globally/regionally headquartered here SGX The Asian Gateway The Listing Choice in Asia 1
3 Why List in Singapore 1 International listing venue with Fast to Market Process 03 Page 2 Wealth Management Hub of Asia 10 3 Better Valuations 12 4 Chinese Investors Can invest in Singapore 15 5 Sizeable Retail Interest 16 6 Inclusion in Singapore Index 18 7 Lowest in Asia Trading Costs for Investors 19 8 First Class Support in Investor Relations 20 SGX The Asian Gateway The Listing Choice in Asia 2
4 Trading Asia in One Place Equity Derivatives China and India Asian companies listed in US Commodities Bonds Asia s most international listing venue 780 listed companies Asia s leading ETF venue Single point access to Asian markets Covering C i 80% of Asia s equity markets Only exchange outside China to offer futures for exposure to China s 50 largest companies. Futures contracts on India s largest companies ETFs Bonds Large Asian companies traded on newsflow in Asian time zone as ADRs Trading: Rubber Fuel oil Copper Zinc Aluminium OTC Clearing: Rubber Coal Iron Ore Freight Energy Asia s bond centre 1300 bonds 30 countries 10 currencies, including RMB SGX The Asian Gateway The Listing Choice in Asia 3
5 SGX A Truly International Exchange London Stock Exchange New York Stock Exchange Hong Kong Stock Exchange Tokyo Stock Exchange Non-UK 24% Non-US 7% Non- China 1% Non- Japan 0% UK 76% US 93% China 99% Japan 100% Singapore Exchange Country of Origin for Overseas Companies 773 Listed Companies, Market Capitalisation Over US$592 billion Singapore 59% Overseas 41% Greater China 68% India 1% Southeast Asia 21% Others 0% Japan & Korea 3% Australia 3% Europe 3% US 1% Source: Bloomberg & Singapore Exchange (Sep 2011) SGX The Asian Gateway The Listing Choice in Asia 4
6 Diversity of Industries Breakdown by Number Breakdown by Market Capitalization Basic Materials 7% Oil & Gas 4% Healthcare 3% Technology 9% Utilities 1% Financials 14% Basic Materials 1% Technology 1% Oil & Gas 4% Telecommunications 9% Consumer Goods 11% Healthcare 1% Utilities 2% Financials 39% Consumer Goods 15% Industrials 37% Consumer Services 13% Telecommunications 1% Consumer Services 13% Industrials 20% Source: Bloomberg, by ICB Classification, Sep 2011 SGX The Asian Gateway The Listing Choice in Asia 5
7 Fast Time-to-Market in Singapore Efficient application process allows issuers to catch desired opportunity window Mainboard Timeline: 4 5 weeks 1 2 weeks Preparation to apply SGX & MAS Concurrent Review Public Exposure Registration & Launch Trading Commences Pre Submission Consultation Hong Kong application review process takes 8 12 weeks SGX The Asian Gateway The Listing Choice in Asia 6
8 Market-Oriented Regulatory Framework No restriction on cornerstone and pre-ipo investors partaking in public offer HKSE has restrictions where cornerstone investors interest would be lock-up and moratorised No timing restriction for pre-ipo investment In HK, pre-ipo investments must be completed either (i) at least 28 clear days before date of first listing application submission or (b) 180 clear days before first day of trading of the applicant s securities Concurrent issue of ordinary and preference shares allowed at IPO Less than half the time taken to review as compared to Hong Kong SGX takes 7 weeks; HKSE takes 8-12 weeks Minimum public float of only 12% HKSE requires minimum 15% public float No requirement on public tranche offering allocation HKSE requires minimum 10% public tranche offering allocation Shorter controlling shareholder lock-up of 6 months HKSE controlling shareholder lock-up is 12 months Secondary fund-raising can be up to 50% of issued share capital under issue mandate HKSE only allows up to 20% SGX The Asian Gateway The Listing Choice in Asia 7
9 Flexibility for Optimisation of Capital and Shareholding Structures Issuers can calibrate voting and economic distribution desired with multiple types of securities Voting ordinary shares Non-voting preference shares Stapled securities Convertible securities Debt securities Flexible preference share regime allows customisation according to Issuers needs Limited voting rights Stapled or unbundled from ordinary shares With fixed or formula driven payout Cumulative or non-cumulative dividends Perpetual with provision for buy- out or otherwise Only one offering document needed to issue different securities at IPO in Singapore SGX The Asian Gateway Singapore s Regulatory Regime 8
10 Lower Compliance Costs for a Singapore Secondary listing Company Hong Kong Listing Requirements Secondary listing in Singapore Continuing obligations Appointment of a compliance adviser from listing date to the publication of financial i results for first full financial year after listing Appointment of at least 3 independent directors Annual preliminary results need to be published within 3 months after year end (London: within 4 months) Not applicable Not applicable Follow Home Exchange with simultaneous disclosure Related Party / Connected Person Transactions Major transactions Wide definition of connected persons, leading to higher compliance costs Multiple categories of connected person transactions with different thresholds requiring shareholder approval No spin-off is usually allowed within 3 years of the initial listing Follow Home Exchange Follow Home Exchange Not applicable and follow Home Exchange SGX The Asian Gateway The Listing Choice in Asia 9
11 Singapore: Wealth Management Hub of Asia Over 2,500 investment professionals Over US$1.5 trillion AUM 1 Institutional Funds >US$850bn Private Wealth Management >US$400bn Temasek and dgic >US$250bn AUM in Hong Kong about US$1.1 trillion 2 World's largest wealth management centre by Sources: 1 MAS 2009 Survey report, industry sources, Temasek and GIC annual reports 2 HK SFC 2009 Survey report 3 PWC Global Private Banking and Wealth Management Survey 2011 SGX The Asian Gateway The Listing Choice in Asia 10
12 Singapore s Proven Deep Market for Capital Raising SGX ranked 6 th globally in IPO funds raised in 1H2011 (US$7b) Raised record debt capital of US$140b in 287 issues 81% of Asia ex-japan G3 listed bonds, 62% of offshore RMB listed bonds Fund-raising in Singapore Proven in Bull & Bear Markets SGX-listed companies could tap on capital markets for funds during credit crunch billion) Fund ds Raised (US$ /2 Secondary Fund raising IPO Fund raising SGX The Asian Gateway The Listing Choice in Asia 11
13 Prominent Companies with Secondary or Dual Primary Listing on SGX Company Principle Country of Business Market Capitalisation (US$mn) First listing Second listing Jardine Matheson Holdings Hong Kong 28,868 Primary on London Stock Exchange Secondary on Bermuda and SGX Lonza Group Switzerland 3,100 Primary on SIX Swiss Exchange Secondary on SGX SP AusNet Australia 2,514 Primary on Australia Securities Exchange Secondary on SGX STX Pan Ocean Korea 1,830 Primary on SGX Primary on Korea Exchange Sri Trang Agro-Industry Thailand 1,158 Primary on Stock Exchange of Thailand Primary on SGX Malaysia Smelting Corporation Malaysia 131 Primary on Bursa Malaysia Secondary on SGX SGX The Asian Gateway The Listing Choice in Asia 12
14 What Lonza was looking for with an SGX secondary listing Lonza, a $5bn Swiss listed corporate, and one of the world's leading suppliers to the pharmaceutical and life science industries, was listed on the SGX mainboard by way of a secondary listing in October It currently employs 1,400 people in Asia. Broadening investor base in Asia - 14% of current revenues from Asia are not matched by Asian shareholders Creating a 'local currency' for future Asian growth Tap the strong capital flows in Asia and Singapore as a financial hub of Asia for future fund-raising. SGX The Asian Gateway 13
15 Why Singapore and not HK The governance standards and regulatory environment in Singapore are much closer to Switzerland than HK that is an administrative ease of a secondary listing on SGX. Lonza is familiar with the expectations in Singapore and we know Singapore is very serious about governance. Singapore has a long term stable future as a financial centre compared dto Hong Kong. We were unsure if the weight of Hong Kong will one day shift to Shanghai. -Interview to CNBC October 20/10/2011 -Mr Stefan Borgas, Chief Executive Officer of Lonza SGX The Asian Gateway 14
16 Singapore s Valuation Premium Asia vs Western Exchanges Companies on SGX and HKSe trade at a substantial premium This has been highly persistent in the last five years Source: Citi Consumer sector premium over NYSE/LSE peers since 2004 (average being 2.3x and 5.9x for HKEX and SGX respectively) Source: Citi Singapore vs Hong Kong General Valuation Premium = 18 28% for large companies ( US$1b) Both median or market cap weighted mean, or local indices (market cap US$4b) are considered Source: UBS and Morgan Stanley Consumer Sector Premium = 28 30% Source: Morgan Stanley SGX The Asian Gateway Welcome to SGX 15
17 SGX, HKSE: Key Considerations SGX The Asian Gateway The Listing Choice in Asia 16
18 Relative Valuation Levels of SGX vs HKSE Listed Companies SGX-listed companies trade at higher valuation levels as compared to HKEx-listed peers US$1Bn+ Market Cap Companies (1) 2011E P/E x SGX Mean 12.4 Market Cap Weighted Mean HKEx Median US$1Bn+ Market Cap Companies (1) 2012E P/E x SGX 11.7 Mean HKEx Market Cap Weighted Mean Median Source Bloomberg as of October 4, 2011 Source Bloomberg as of October 4, 2011 All Companies (1) 2011E P/E x All Companies (1) 2012 P/E x Mean Market Cap Weighted Mean Median 0 Mean Market Cap Weighted Mean Median SGX HKEx SGX HKEx Source Bloomberg as of October 4, 2011 Source Bloomberg as of October 4, 2011 Note 1. Excludes companies with negative expected earnings and outlying P/E ratios above 40x SGX The Asian Gateway
19 Chinese Investors Can Invest in Singapore QDII Funds: QDII funds can invest in Singapore given MOU between MAS and CSRC Examples: ChinaAMC Global Selective Fund, China International Fund Management Co Ltd and ICBC Credit Suisse Asset Management Co., Ltd Stocks invested include: Olam, Cosco, Golden Agri, Keppel Corp, CapitaLand, Yanlord, DBS Group Prominent PRC investors in Singapore: Alibaba and Bosera* were cornerstone investors in Global Logistic Properties China Investment Corporation (Holds 15% of Noble) Sinochem (Holds 51% of GMG Global) Petrochina (Invested and privatised Singapore Petroleum Company, worth US$2.3b) Huaneng (Purchased Tuas Power, worth US$3b) PRC Citizens: May remit up to US$50,000 overseas annually, per State Administration of Foreign Exchange rules May freely open trading and banking accounts in Singapore Have 23,000 custodian accounts with our depository Note: Bosera is the discretionary manager of certain equity portfolio of the National Council for Social Security Fund of the PRC SGX The Asian Gateway The Listing Choice in Asia 18
20 Active Retail Investors Participation in Singapore Singapore retail investors can subscribe for IPOs via 2,000 ATMs No such facilities in Hong Kong Company Amount Public Retail Raised Offer Size (Public Offer only) (US$m) (US$m) Subscription Rate Retail Subscription Amount (US$m) HUTCHINSON PORT HOLDINGS 5, x 281 GLOBAL LOGISTIC PROP LIMITED * 2, x 1,689 MAPLETREE INDUSTRIAL TRUST * x 2,108 SABANA SHARI'AH COMPLIANT REIT x 739 CACHE LOGISTICS TRUST x 525 SRI TRANG AGRO-INDUSTRY PUBLIC COMPANY LIMITED** x 21 TIGER AIRWAYS HOLDINGS LIMITED x 306 Note: *B Both of fthese listed dduring the same week of 18 Oct 2010 ** Thai-listed and subsequent dual primary listing SGX; currently at premium to offer price Source: Company announcements SGX The Asian Gateway The Listing Choice in Asia 19
21 Vast Institutional Support for IPOs in Singapore Case Study: Offer size: US$2,996m comprising of: Cornerstone tranche: US$884m Placement tranche: US$1,607m Singapore public offer tranche: US$154m Book was covered within 24 hours of launch Subscription for placement tranche = 12.2x Participation from >450 institutional accounts SGX The Asian Gateway The Listing Choice in Asia 20
22 Index Inclusion Secondary listings can be included in the benchmark Straits Times Index (STI) Secondary listings cannot be included in the Hang Seng Index (HSI) An issuer can be fast tracked into STI at close of first trading day if its market cap exceeds 2% of that of FTSE ST All-Share Index The STI attracts an estimated US$23 billion from tracker funds (based on industry estimate of 9% of free float), and inclusion into STI would invite liquidity from such funds Qualified admission into STI is possible immediately at next review (conducted half yearly), unlike admission i into the HSI where a minimum i listing of up to 24 months is required Key criteria for STI inclusion: Largest 30 companies by market capitalisation More than 15% free float (across all fungible markets) At least 0.05% turnover (median daily trade per month) SGX The Asian Gateway The Listing Choice in Asia 21
23 Lower Trading Costs for Investors Asia s lowest trading costs with no stamp duty and no sales tax 12 Cost of securities trading (bps) Total Fees Tax Broker Commission Exchange Fees 0 Singapore Hong Kong A US$10billion company with 100% annual turnover velocity will cost its investors US$20million in stamp duties in Hong Kong SGX The Asian Gateway The Listing Choice in Asia 22
24 Partnership with the Exchange SGX Investor Services Investor Relations Corporate Actions NASDAQ OMX Corporate Solutions Tools Dividend id d Payment Services Standard & Poor's UBS SGX Equities Research Insights (SERI) Program Global Markets Series SGX Central Depository Shareholding Services Rights Issues Other Corporate Action Services SGX The Asian Gateway The Listing Choice in Asia 23
25 Quantitative Criteria Current Market capitalization of at least S$80M; AND (a) Cumulative pre-tax profits of at least S$7.5M for the last 3 years and a minimum of S$1M per year; or (b) Cumulative pre-tax profit of at least S$10M for the last 1 or 2 years Mainboard Quantitative (positive cash flow required from operating activities) Criteria Proposed New (Under Public Consultation) (a) Profitable in latest financial year with operating track record of 3 years and market capitalization of at least S$150M; or (b) Positive operating revenue in the latest financial year and a market capitalization of at least S$300M Catalist Quantitative Criteria (a) No quantitative requirement (Sponsor prescribes in-house criteria) (b) Available rules for Mining, Oil & Gas (MOG) companies in exploration and production SGX The Asian Gateway 24
26 SGX Listing Fees MAINBOARD Mainboard CATALIST Catalist Minimum S$50,000 Minimum S$30,000 Initial Fees Maximum S$200,000 Maximum S$100,000 Variable S$100 / S$m market cap Variable S$100 / S$m market cap Minimum S$25,000 Minimum S$15,000 Annual Fees Maximum S$100,000 Maximum S$50,000 Variable S$25 / S$m market cap Variable S$25 / S$m market cap SGX The Asian Gateway 25
27 Appendix I: SGX Business Trust Structure t SGX The Asian Gateway The Listing Choice in Asia 26
28 SGX Business Trust Structure Key Advantages of a Singapore Business Trust What is a Business Trust Key Benefits of a Business Trust Listing Comparing REITs, Business Trust & Company Business Trust : Tax Comparisons SGX The Asian Gateway The Listing Choice in Asia 27
29 Key Advantages of Singapore Business Trust (BT) Singapore BT is a pure cash flow structure No additional structuring costs & complexities Certainty on distributing cash flows regardless of accounting profits Sponsors achieve control of assets and optimal monetisation of assets Sponsor only required to hold 25% interests in the listed BT to ensure control of the assets through h the Business Trust Manager. Therefore, this ensures optimal monetisation of assets to sponsor from the listing of the BT Fee Income to Sponsors The external Business Trust Manager structure offers management fee income benefits to sponsors Established BT Regime with peer comparisons There are 10 listed BTs on SGX in various sectors (4 Property Trusts, 3 Shipping Trusts, 2 Infrastructure Trusts & 1 Shipping Port Trust) A proven regulated structure familiar to Investors SGX The Asian Gateway The Listing Choice in Asia 28
30 The Business Trust Sector on SGX NAME ASSETS CURRENT MKT CAP DIVIDEND YIELD Property Trusts Ascendas India Trust Business Park US$529 mil 7.71 % Indiabulls Property Trust Mixed Commercial US$613 mil Nil Treasury China Trust Mixed Commercial & Office US$367 mil 2.85% Perennial China Retail Trust Retail US$504 mil Nil Infrastructure Trusts CitySpring Infrastructure Trust Gas & Electricity US$507 mil 10.0 % K-Green Trust Power Generators US$486 mil 3.35% 35% Hutch Port Trusts Shipping Ports US$5.84 bil 5.84 %* Shipping Trusts Pacific Shipping Trust Marine Transportation US$186 mil % Rickmers Maritime Marine Transportation US$112 mil 9.13 % First Ship Lease Trust Marine Transportation US$151 mil 0.34 % Note: Yield at IPO price Source: Bloomberg on Aug 11 SGX The Asian Gateway The Listing Choice in Asia 29
31 What is a Business Trust? A Business Trust (BT) unlike a normal unit trust structure which employs 2 operators (Trustee and business manager), has only one single responsible entity (Trustee Manager) The Trustee Manager (TM) is both the trustee and the business manager. It holds the assets on trust for the beneficiaries and also acts as a manager who is contractually authorised to manage the assets of these beneficiaries Sponsor Unit holders Trustee Manager Owns Management and trustee services Management and trustee fees Holding of Units Ownership of Assets Distributions Business Trust Assets Net Assets Income Holding of Units SGX The Asian Gateway The Listing Choice in Asia 30
32 Key Benefits of a Business Trust Listing Fund raising A new source of securitisation capital without losing control of assets Valuation by cash flows A Yield Play listed product valued by cash flows plus growth Control of assets Maintain control of the assets through the Trustee Manager Gearing No Gearing Restrictions Development of new assets No Restriction on percentage of assets under development Dividend payout ratio Tax No minimum dividend payout ratio No further tax on foreign sourced income, taxed at source from assets to BT to unit holders. SGX The Asian Gateway The Listing Choice in Asia 31
33 Comparing REIT, Business Trust & Company Legislation Regime Code on Collective Investment Scheme REIT Business Trust Listed Company The Business Trust Act The Company Act Corporate Separate Trustee and REIT Trustee-Manger (TM) as single responsible Board of Directors and Governance Manager entity management Responsible Entity Board of Directors Decision Making 1/3 of the Board independent of management and business relationships with REIT Manager REIT Manager needs to seek agreement of Trustee >50% of the Board independent of management and business relationships with TM; >50% of the Board independent of any substantial shareholder unless that substantial shareholder holds 50% or more of the voting shares. In the latter a 1/3 independence d of the Board is required. Trustee-Manager At least 2 non-executive directors who are independent and free of any material business or financial connection with the company Company Management Asset Real estate No restriction No restriction Dividends Distribute from Cash Flows Distribute from Cash Flows Distribute from accounting profits Depreciation/ Revaluation No impact on payout No impact on payout Affects payout, which is restricted to accounting profits Gearing Limit 35% (60% if credit rated) None None Taxation Tax transparent Subject to Income Tax Act Subject to Income Tax Act SGX The Asian Gateway The Listing Choice in Asia 32
34 Business Trust : Tax Comparison REIT Business Trust Listed Company For the Trust/Company Income tax at Trust/Co. level No Yes Yes For Investors Individuals No tax (local and foreign) Local Institutions 20% No further tax if income tax paid Foreign Institutions 10% SGX The Asian Gateway The Listing Choice in Asia 33
35 Appendix II : Bond Listings SGX The Asian Gateway The Listing Choice in Asia 34
36 Overview of SGX Fixed Income Instruments There are over 1,200 bonds listed on SGX with about S$690 billion raised Description Treasury bills (T-bills) Singapore Government Securities (SGS) Corporate bonds Issuer Government Government Statutory Board, corporate Tenor(s) 91 days, 364 days 2, 5, 7, 10, 15 and 20Y 1-20 years Denomination SGD1,000 SGD1,000 SGD1,000 to 250,000 Amt Outstanding SGD56.1bn (Dec 10) SGD75.2bn (Dec 10) Est. SGD100bn (Dec 10) Primary Market Auction style Uniform price auction Uniform price auction Public offer, private placement Issue size SGD1-3bn SGD1.5-3bn SGD mn Participants 13 primary dealers 13 primary dealers Banks, insurance and asset management companies Settlement T+3 (T+1 for secondary) T+3 or 4 (T+1 for secondary) T+3 Secondary Market Trading OTC OTC OTC or exchange traded Trading hours 9-11:30am, 2-4:30pm 9-11:30am, 2-4:30pm Not fixed Quoting convention Discount yield Price Price Average trade size SGD5-20mn SGD5-10mn SGD1-5mn Avg daily turnover SGD200mn SGD500mn SGD20-50mn Clearing MAS Electronic Payment System MAS Electronic Payment System Central Depository (Pte) Ltd SGX The Asian Gateway The Listing Choice in Asia 35
37 SGX Retail Bond Issues Singapore DBS Capitamalls Asia Capitamall Trust Fraser & Neave, Hyflux Airlines Preference Ltd Shares Size S$300mn S$800mn S$200mn S$300mn S$300mn S$400mn Tenor 5 years Perpetual 1 and 3 years 2 years 5 and 7 years Perpetual Coupon 2.15% 4.7% 1% for 1 year p.a. 2.15% for 3 years p.a. Date of Issuance Oversubs cription 30 Sep % 2.48% for 5 years p.a. 3.15% for 7 years p.a. 22 Nov Jan Feb Mar April X 3.5X Fully subscribed Fully subscribed Fully subscribed 5X Corporate Fixed Income Securities: 14 retail bonds and 11 preference shares SGD issues. Full subscriptions or oversubscriptions of these retail bonds at their initial offerings 6% Government Bonds: 19 Singapore government securities with SGD72.5 billion. SGX The Asian Gateway The Listing Choice in Asia 36
38 Strong Liquidity In SGX Retail Bond Market Singapore Deposit Base (S$bn) Central Provident Fund Balance (S$bn) Total Members' Balance Ordinary Account (OA) Balance All time high deposits peaked at S$441bn* Untapped liquidity in Central Provident Fund - Ordinary Account of S$78bn available for investment** *Total bank deposits from Monetary Authority of Singapore as of 31 March ** CPFIS OA figures from Central Provident Fund Board numbers as of 31 December SGX The Asian Gateway The Listing Choice in Asia 37
39 Thank You Singapore Exchange London Tokyo Beijing 2 Shenton Way, #19-00 SGX Centre 1, Singapore Main: (65) Fax: (65) This presentation is being made available to certain authorized recipients for their general information only. While SGX and its affiliates have taken reasonable care to ensure the accuracy and completeness of the information provided in this presentation, they will not be liable for any loss or damage of any kind (whether direct, indirect or consequential losses or other economic loss of any kind) suffered due to any omission, error, inaccuracy, incompleteness, or otherwise, any reliance on such information. Neither SGX nor any of its affiliates shall be liable for the content of information provided by or quoted from third parties. Examples provided are for illustrative purposes only. The information in this presentation is subject to change without notice. Any recirculation, transmission or distribution of this presentation or any part thereof by any third party requires the prior written permission of SGX. SGX and its affiliates disclaim all responsibility and liability arising in connection with any unauthorised recirculation, transmission or distribution of this presentation or any part thereof. SGX Ltd, November SGX The Asian Gateway The Listing Choice in Asia 38
SGX - MKE Singapore Corporate Day 2017
SGX - MKE Singapore Corporate Day 2017 Investor Relations 25 August 2017 Singapore Exchange Who We Are A diversified exchange group that runs key market infrastructure including the Singapore stock market
More informationMarket Statistics Report January 2016
Market Statistics Report January 216 Singapore Exchange SGX Monthly Market Statistics January 216 SGX Statistics At A Glance Dec 215 Jan 216 Number of Trading Days (Securities) 22 2 Securities Market Turnover
More informationStatistical Report June SGX The Asian Gateway
Statistical Report June 2012 SGX The Asian Gateway SGX Monthly Market Statistics June 2012 SGX Statistics At A Glance May 2012 Jun 2012 Number of Trading Days (Securities) 22 21 Securities market Turnover
More informationWELCOME: Analyst & Media Briefing First Quarter Financial Year 2012 Results
WELCOME: Analyst & Media Briefing First Quarter Financial Year 2012 Results Magnus Böcker, CEO Muthukrishnan Ramaswami, President 17 October 2011 First Quarter Financial Year 2012 Results Briefing Agenda
More informationMarket Statistics Report December 2015
Market Statistics Report December 215 Singapore Exchange SGX Monthly Market Statistics December 215 SGX Statistics At A Glance Nov 215 Dec 215 Number of Trading Days (Securities) 2 22 Securities Market
More informationMarket Statistics Report October SGX The Asian Gateway
Market Statistics Report October 2014 SGX The Asian Gateway SGX Monthly Market Statistics October 2014 SGX Statistics At A Glance Sep 2014 Oct 2014 Number of Trading Days (Securities) 22 21 Securities
More informationMarket Statistics Report July SGX The Asian Gateway
Market Statistics Report July 2014 SGX The Asian Gateway SGX Monthly Market Statistics July 2014 SGX Statistics At A Glance Jun 2014 Jul 2014 Number of Trading Days (Securities) 21 22 Securities Market
More informationMarket Statistics Report December 2018
Market Statistics Report December 218 Singapore Exchange SGX Statistics At A Glance Nov 218 Dec 218 Number of Trading Days (Securities) 21 2 Securities market Turnover Volume (Million Shares) 35,66 21,257
More informationMarket Statistics Report April SGX The Asian Gateway
Market Statistics Report April 2014 SGX The Asian Gateway SGX Monthly Market Statistics April 2014 SGX Statistics At A Glance Mar 2014 Apr 2014 Number of Trading Days (Securities) 21 21 Securities Market
More informationListing on the Singapore Exchange
Listing on the Singapore Exchange Mohamed Nasser Ismail Head, Equity Capital Market (SME) Head, Capital Market Development 1 July 2016 Singapore Exchange Agenda 1 Purpose of SGX in Singapore 2 Catalist
More informationMarket Statistics Report February 2019
Market Statistics Report February 219 Singapore Exchange SGX Statistics At A Glance Jan 219 Feb 219 Number of Trading Days (Securities) 22 18 Securities market Turnover Volume (Million Shares) 32,333 23,448
More informationWELCOME: Analyst & Media Briefing Third Quarter Financial Year 2011
WELCOME: Analyst & Media Briefing Third Quarter Financial Year 2011 Magnus Böcker, CEO Seck Wai Kwong, CFO 19 April 2011 Agenda 1. Highlights 2. Financial Performance 3. Business Update 4. Questions &
More informationOverview of ETF Market in Hong Kong
Overview of ETF Market in Hong Kong Calvin Tai Head of Trading Division HKEx 19 June 2012 Agenda Overview of HKEx s ETF Market Participants of HKEx s ETF Market ETF Listing Process 2 HKEx is one of leading
More informationRosenblatt Global Exchange Leader Conference
Rosenblatt Global Exchange Leader Conference Loh Boon Chye, Chief Executive Officer 27 September 2018 Singapore Exchange Who we are 2 About SGX Established in 1999 from the merger of the Stock Exchange
More informationSGX-DBSV Singapore Corporate Day
SGX-DBSV Singapore Corporate Day Loh Boon Chye, Chief Executive Officer 22-23 May 2018 Singapore Exchange Who We Are A diversified exchange group that runs key market infrastructure including the Singapore
More informationGLOBAL STOCK EXCHANGES. Page 1 May MLB Financial Group Limited. Not for Redistribution
GLOBAL STOCK EXCHANGES Page 1 May 2017 SUMMARY Having decided that a public offering is a significant step in your business. Choosing the most appropriate exchange that fits the unique needs is complex
More informationListing in Hong Kong an International Financial Centre in Asia and a Gateway to China
Listing in Hong Kong an International Financial Centre in Asia and a Gateway to China Christine Lie Vice President Issuer Marketing Division Hong Kong Exchanges and Clearing Limited September 2008 Toronto,
More informationPower. Schroder Asian Income. your way to higher yields. p.a.
Schroder Asian Income POTENTIAL PAYOUTS 6% PAID MONT HLY* p.a. Power your way to higher yields * It is Schroder Investment Management (Singapore) Ltd s (the Manager s ) current intention to declare distributions
More informationSPDR STRAITS TIMES INDEX ETF. Stock Code: ES3 Website: Semi-Annual Report st July 2015 to 31st December 2015
SPDR STRAITS TIMES INDEX ETF Stock Code: ES3 Website: www.spdrs.com.sg 1st July to 31st December Contents Page MANAGER S INVESTMENT REPORT 2 FINANCIAL STATEMENTS Statement of Total Return (UNAUDITED) 9
More informationSGX China Equity Index Derivatives Monthly Commentary
5:: PM 5:3: PM 6:: PM 6:3: PM 7:: PM 7:3: PM 8:: PM 8:3: PM 9:: PM 9:3: PM 1:: PM 1:3: PM 11:: PM 11:3: PM 12:: AM 12:3: AM 1:: AM 1:3: AM Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14
More informationPower your way to higher yields
Schroder Asian Income SGD Class Power your way to higher yields * Distributions at a variable percentage per annum of the net asset value per unit of the Schroder Asian Income SGD Class (the Fund ) will
More information3Q FY2018 Analyst and Media Briefing
3Q FY2018 Analyst and Media Briefing Loh Boon Chye, Chief Executive Officer Chng Lay Chew, Chief Financial Officer 20 April 2018 Singapore Exchange Forward Looking Statements This presentation may contain
More informationWELCOME Second Quarter Financial Year 2011
WELCOME Second Quarter Financial Year 2011 18 January 2011 Analyst and Media Briefing Magnus Böcker, CEO Seck Wai Kwong, CFO Agenda 1. Highlights 2. Financial Performance 3. Business Update 4. Questions
More informationCredit Suisse Asian Investment Conference
Credit Suisse Asian Investment Conference Chng Lay Chew, Chief Financial Officer 20-21 March 2018 Singapore Exchange Who We Are A diversified exchange group that runs key market infrastructure including
More informationSPDR STRAITS TIMES INDEX ETF. Stock Code: ES3 Website: Semi-Annual Report st July 2017 to 31st December 2017
SPDR STRAITS TIMES INDEX ETF Stock Code: ES3 Website: www.spdrs.com.sg 1st July to Contents Page MANAGER S INVESTMENT REPORT 2 FINANCIAL STATEMENTS Statement of Total Return (UNAUDITED) 9 Statement of
More informationEighteenth Annual General Meeting
Singapore Exchange Eighteenth Annual General Meeting 21 September 2017 Singapore Exchange Eighteenth Annual General Meeting Kwa Chong Seng Chairman 2 CEO Address Loh Boon Chye 3 Key Business and Operational
More informationOverview of Index Products and Development of ETFs in Hong Kong
Overview of Index Products and Development of ETFs in Hong Kong Calvin Tai Head of Trading Division Hong Kong Exchanges and Clearing Limited 13 May 2011 2 Agenda Overview of Index Products in Hong Kong
More informationListing in Singapore. Presented by Ang Suat Ching Head, Corporate Finance Group Investment Banking. [May 2012]
Listing in Singapore Presented by Ang Suat Ching Head, Corporate Finance Group Investment Banking [May 2012] Contents 1. Introduction to Singapore Market 2. Considerations for Listing in Singapore 3. Listing
More informationPre-poll Methodology for Asiamoney Brokers Poll 2016
Pre-poll Methodology for Asiamoney Brokers Poll 2016 Asiamoney s 27 th annual Brokers Poll is scheduled for launch on 4 th July, we invite senior institutional investors at fund management companies, hedge
More informationCLSA Investors Forum 2018
CLSA Investors Forum 2018 Loh Boon Chye, Chief Executive Officer Chng Lay Chew, Chief Financial Officer 11-12 September 2018 Singapore Exchange Who we are 2 About SGX A diversified exchange group that
More informationYour gateway to Asia s strong growth potential. Schroder Asian Income
Your gateway to Asia s strong growth potential Asian economies rank amongst the fastest-growing and most dynamic globally. The region is set to remain as the world s growth engine for years to come. (the
More informationThe Year 2006 in Review. The Year 2006 in Review STOCK MARKET
Fact Book 2006 The year 2006 in review Major events of the Hong Kong securities and derivatives markets 2006 Market highlights Securities market - Main board - market indices - listing statistics - market
More informationBursa Malaysia Berhad
Bursa Malaysia Berhad Invest Malaysia 2007, Kuala Lumpur Dato Yusli Mohamed Yusoff, CEO Nadzirah Abd Rashid, CFO 21-23 March 2007 Disclaimer The contents of this presentation include materials which may
More informationSingapore IPO market 2018 mid-year report
Singapore IPO market 2018 mid-year report Key observations 03 Overview of Singapore IPOs in H1 2018 04 IPOs on the SGX in H1 2018 05 Upcoming IPOs on the SGX 06 Overview of Singapore IPOs: geographical
More informationNew CSD and CCP Services
New CSD and CCP Services Benjamin Foo Executive Vice President 3 November 2011, ACG15 Version 1.0 Opening Remarks SGX The Asian Gateway 1 Global Financial Concerns: 2008 and Now Failure of Lehman Brothers
More informationSingapore Update. Yield Movements. Size and Composition
Singapore Update Yield Movements Singapore government bond yields fell throughout the length of the curve between end-december 29 and end-october 21 (Figure 1). The yield on the 2-year tenor declined 1
More informationMove to T+2 settlement cycle: Singapore market
Move to T+2 settlement cycle: Singapore market Lum Yong Teng 20 May 2015 Singapore Exchange Contents 1 Overview of Singapore market 2 Drivers for SGX to move to T+2 settlement cycle 3 Benefits for the
More informationpower Asian Equity Yield Fund Schroder The of investing for dividends
Schroder Asian Equity Yield Fund The power of investing for dividends Morningstar rating as of 31 Jan 2015. Morningstar 2015. All Rights Reserved. The information contained herein: (1) is proprietary to
More informationMacquarie Securities Group Stevan Vrcelj Group Head
18 Macquarie Securities Group Stevan Vrcelj Group Head Macquarie Group Limited Operational Briefing 7 February 2012 Presentation to Investors and Analysts 19 Macquarie Securities Group 1. Current challenges
More informationManaging Risk in Electricity Markets
Managing Risk in Electricity Markets William Prajogo Singapore Exchange Agenda Introduction Benefits of an Electricity Futures Market How Electricity Futures Works Product Information Questions 1 Characteristics
More informationMarket Statistics 2013
Market Statistics 2013 Page 1. Records Set in 2013 1 2. Securities Market Statistics 2-13 3. China Dimension 14-15 4. Derivatives Market Statistics 16-18 5. LME Statistics 19 RECORDS SET IN 2013 Securities
More informationMarket Statistics 2011
Market Statistics 2011 Page 1. Records Set in 2011 1 2. Securities Market Statistics 2-11 3. China Dimension 12-13 4. Derivatives Market Statistics 14-16 RECORDS SET IN 2011 Securities Market (HK$) Up
More informationFTSE Emerging incl. China Overseas
FTSE Emerging incl. China Overseas non-r/qfii GDP Weighted Index Do you weight for the China A-shares inclusion? As the opening up of the Chinese equities market continues, international market participants
More informationIntegration between China s Offshore and Onshore Equity Markets
Integration between China s Offshore and Onshore Equity Markets Alton 香港交易所环球市场科股本证券与定息产品及货币联席主管 Lau 中华交易服务董事兼总裁 Assistant Vice President, Derivatives Trading, Global Markets, HKEx / 陈秉强 Assistant Vice
More information27 January ARA-CWT Trust Management (Cache) Limited
4Q 2010 Financial Results 27 January 2011 ARA-CWT Trust Management (Cache) Limited Agenda 4Q 2010 Financial Results Portfolio Update Going Forward 2 Highlights 4Q 2010 Results Net Property Income of S$14.4m
More informationPRODUCT HIGHLIGHTS SHEET
PRODUCT HIGHLIGHTS SHEET Prepared on: 16/11/17 This Product Highlights Sheet is an important document. It highlights the key terms and risks of this investment product and complements the Prospectus 1.
More informationConsultation Paper. Proposed Initiatives in relation to Offer Structure of Initial Public Offers
Consultation Paper Proposed Initiatives in relation to Offer Structure of Initial Public Offers October 2012 Responding to this consultation paper SGX invites comments on this Consultation Paper between
More informationDaily Leverage Certificates on Index and Single Stocks
JAN 2019 Daily Leverage Certificates on Index and Single Stocks SOLUTIONS IN GLOBAL MARKETS CROSS ASSET INVESTING HEDGING FINANCING Presented by: Keith Chan Head of Cross Asset Listed Distribution Asia
More informationUnderstanding RQFII The Great Door Opener for China Access
Markets and Securities Services Investor Services Understanding RQFII The Great Door Opener for China Access By: Stewart Aldcroft, Citi Investor Services Since China first started opening up its capital
More informationHSBC Collective Investment Trust HSBC Asia Pacific ex Japan Equity Volatility Focused Fund
Important information: The Fund invests mainly in Asia Pacific ex Japan Equity. The Fund is subject to the risks of investing in emerging markets. The Fund may invest in financial derivative instruments
More informationCumulative Performance Class A 1. Fund Performance 1. Portfolio Breakdown 5. Government Bonds. Corporate Bonds 19.73% Convertible Bonds 6.06% 12.
Monthly Factsheet As of 28 February 2018 Important Information The Fund invests in mainland China only, thus there is a concentration risk. Investors converting a local currency (HK dollar) to take up
More informationMarket Statistics 2010
Market Statistics 2010 Page 1. Records Set in 2010 1 2. Securities Market Statistics 2-11 3. China Dimension 12-16 4. Derivatives Market Statistics 17-19 5. CCASS Statistics 20-21 6. Participant Statistics
More informationDevelopment of Asian ETF Market
Development of Asian ETF Market July 2015 Material prepared by CSOP Asset Management Limited. Global Overview Number of ETFs Source: AUM Deutsche Bank, Bloomberg, Reuters, as of 17 Apr 2015 Turnover World
More informationAsian Investment Grade Credit Class A
Schroder Asian Investment Grade Credit Class A Capture yields from Asia s premium bonds *Distributions at a variable percentage per annum of the net asset value per unit of the Schroder Asian Investment
More informationCache Logistics Trust launches IPO
ARA-CWT Trust Management (Cache) Limited (as manager of Cache Logistics Trust) 6 Temasek Boulevard #16-02 Suntec Tower Four Singapore 038986 Tel: (65) 6835 9232 Fax: (65) 6835 9672 www.cache-reit.com PRESS
More informationDevelopment of the Exchange-traded Fund Market in Hong Kong
Articles and Speeches 7 Development of the Exchange-traded Fund Market in Hong Kong Supervision of Markets Division 1 Executive Summary The first exchange-traded fund ("ETF") was launched in the US in
More informationJPMorgan Asian Investment Trust plc Investment Manager Presentation Annual General Meeting
JPMorgan Asian Investment Trust plc Investment Manager Presentation Annual General Meeting 26th February 2018 Richard Titherington, Managing Director Chief Investment Officer of Emerging Markets and Asia
More informationMeeting with Investors
Meeting with Investors Chng Lay Chew, Chief Financial Officer Dominic Lim, Head of Investor Relations October 2018 Singapore Exchange Who we are 3 About SGX A diversified exchange group that runs key
More informationThe Vanguard Group, Inc. 3 June 2014
PRODUCT KEY FACTS Vanguard FTSE Asia ex Japan High Dividend Yield Index ETF The Vanguard Group, Inc. 3 June 2014 This is an exchange traded fund. This statement provides you with key information about
More information1Q FY2019 Analyst and Media Briefing
1Q FY2019 Analyst and Media Briefing Loh Boon Chye, Chief Executive Officer Chng Lay Chew, Chief Financial Officer 19 October 2018 Singapore Exchange Forward Looking Statements This presentation may contain
More informationWhich market? An overview of London, New York, Hong Kong and Singapore stock exchanges
www.pwc.com Which market? An overview of London, New York, Hong Kong and Singapore stock exchanges 2 Which market? PwC Which stock exchange is right for your company? An overview of regulatory listing
More informationLaunch Announcement for Warrants to be issued by
This announcement appears for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for the Warrants described below. Hong Kong Exchanges and Clearing
More informationRegional Financial Integration and Financial Regulatory Cooperation The Importance of Asia s Bond Markets Lotte Schou-Zibell, ADB
Regional Financial Integration and Financial Regulatory Cooperation The Importance of Asia s Bond Markets Lotte Schou-Zibell, ADB Workshop: The Global Financial Crisis and the Reform of the Financial Regulatory
More informationSGX operations show strong third quarter
19 April 2011 SGX operations show strong third quarter Revenue: $169 million ($153 million in 3Q FY2010) EBITDA 1 : $103 million ($97 million) Net Profit: $67 million ($75 million) Net Profit excluding
More informationAAXJ ishares MSCI All Country Asia ex Japan ETF
ishares MSCI All Country Asia ex Japan ETF ETF.com segment: Equity: Asia-Pacific Ex-Japan - Total Market Competing ETFs: AXJL, DBAP, AXJV, FLAX Related ETF Channels: Asia-Pacific Ex-Japan, Total Market,
More informationADRA Invesco BLDRS Asia 50 ADR Index Fund
Invesco BLDRS Asia 50 ADR Index Fund ETF.com segment: Equity: Asia-Pacific - Large Cap Competing ETFs: N/A Related ETF Channels: Large Cap, Asia-Pacific, Equity, Depositary Receipts, Size and Style, Broadbased
More informationMorgan Stanley 17 th Annual Asia Pacific Summit
Morgan Stanley 17 th Annual Asia Pacific Summit Loh Boon Chye, Chief Executive Officer Chng Lay Chew, Chief Financial Officer 28-29 November 2018 Singapore Exchange Who we are 2 About SGX A diversified
More informationAsia Bond Monitor November 2018
January 9 asianbondsonline.adb.org Key Developments in Asian Local Currency Markets L ast week, the Philippines raised USD. billion from the sale of -year global bonds priced at basis points above benchmark
More informationSingapore Exchange Limited FY2005 Full Year Results Presentation
Singapore Exchange Limited FY2005 Full Year Results Presentation Hsieh Fu Hua, CEO Seck Wai Kwong, CFO Singapore Exchange 28 July 2005 1 Agenda 1. Highlights 2. Financial Review 3. Strategy Update 4. Q
More informationPRODUCT KEY FACTS. Quick facts. BOCHK Wealth Creation Series BOCHK All Weather Asian Bond Fund. April Issuer: BOCHK Asset Management Limited
PRODUCT KEY FACTS BOCHK Wealth Creation Series BOCHK All Weather Asian Bond Fund April 2019 Issuer: BOCHK Asset Management Limited This statement provides you with key information about BOCHK All Weather
More informationCash-Maximiser (SGD) Notes issued by Macquarie Bank Limited
Enhanced Notes Cash-Maximiser (SGD) Notes issued by Macquarie Bank Limited Denominated in SGD, 100% principal protected at maturity HSBC's authorised sales staff must go through this document with you
More informationCambridge Industrial Trust. 29 Jan 2008
Cambridge Industrial Trust Full Year 2007 Results 29 Jan 2008 FY2007 Results Presentation Outline FY 2007 Milestones 4Q2007 Financial Results Capital Management Strategy Acquisition Highlights Portfolio
More informationIndexing Investment. under Stock Connect Program. Anita Mo. Head of Business Development. A joint venture of
Indexing Investment under Stock Connect Program Anita Mo Head of Business Development A joint venture of Nov 2016 1 China Exchanges Services Company Ltd. 33.3% 33.3% 33.3% 2 Cross Border Asset Allocation
More informationMSCI China A-Share Inclusion: A Long Term Catalyst For The Mainland China Equity Market
KBA 3/31/2018 MSCI China A-Share Inclusion: A Long Term Catalyst For The Mainland China Equity Market Overview of the KraneShares Bosera MSCI China A Share ETF (NYSE: KBA) Info@kraneshares.com 1 Introduction
More informationPRODUCT KEY FACTS Macquarie Unit Trust Series- Macquarie Asia New Stars Fund 16 December 2018
PRODUCT KEY FACTS Macquarie Unit Trust Series- Macquarie Asia New Stars Fund 16 December 2018 This statement provides you with key information about this product. This statement is a part of the Hong Kong
More informationListing International Companies in Hong Kong 2015 Update February 2015
Listing International Companies in Hong Kong 2015 Update February 2015 www.charltonslaw.com 0 Index Page Stock Exchange Rankings 2 Link with Mainland China 9 Weighted Voting Rights 17 HKEx Key Attractions
More informationPreparing for China s inclusion in global benchmarks
Research Preparing for China s inclusion in global benchmarks A flexible approach to managing the transition ftserussell.com October 2017 Executive summary: Following further increases in R/QFII allocations
More information50 million European Style Cash Settled Index Put warrants expiring on 29 November 2018 relating to the Hang Seng Index (the "Warrants")
CH0436968363 1/5 Investment Banking / Key Terms Sheet 50 million European Style Cash Settled Index Put warrants expiring on 29 November 2018 relating to the Hang Seng Index (the "Warrants") The terms set
More informationSection Content Page
SINGAPORE EXCHANGE Financial Statements for the Quarter Ended 31 March 2011 Section Content Page 1. CEO's Statement 2 2. SGX Group Key Figures 8 3. Income Statements (Group) 9 4. Statement of Comprehensive
More information50 million European Style Cash Settled Index Call warrants expiring on 29 November 2018 relating to the Hang Seng Index (the "Warrants")
CH0436968355 1/5 Investment Banking / Key Terms Sheet 50 million European Style Cash Settled Index Call warrants expiring on 29 November 2018 relating to the Hang Seng Index (the "Warrants") The terms
More informationINDUSTRY OVERVIEW HISTORY OF THE HONG KONG SECURITIES MARKET
Certain information provided in this section is derived from various public official or government sources. The Company and the Joint Sponsors have exercised reasonable care in reproducing such information
More informationFRASERS LOGISTICS & INDUSTRIAL TRUST LISTING OF FRASERS LOGISTICS & INDUSTRIAL TRUST
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES, CANADA, JAPAN OR THE PEOPLE S REPUBLIC OF CHINA. THE SECURITIES OF FRASERS LOGISTICS & INDUSTRIAL TRUST HAVE NOT BEEN AND WILL
More informationSGX reports 1Q FY2018 net profit of S$91 million
News Release 25 October 2017 SGX reports FY2018 net profit of S$91 million FY2018 Financial Summary Revenue: S$204 million, up 7% from a year earlier Operating profit: S$106 million, up 9% Net profit:
More informationPGJ Invesco Golden Dragon China ETF
Invesco Golden Dragon China ETF ETF.com segment: Equity: China - Total Market Competing ETFs: MCHI, GXC, ASHR, KBA, PEK Related ETF Channels: China, Total Market, Broad-based, Single Country, Depositary
More informationInternational Listings on ASX. Road to growth and opportunity
International Listings on ASX Road to growth and opportunity Disclaimer: This is not intended to be financial product advice. To the extent permitted by law, ASX Limited ABN 98 8 624 691 and its related
More informationRecent Asia experiences with capital flows
Recent Asia experiences with capital flows Rob Subbaraman, Chief Economist Asia Ex-Japan December 2007 Asia ex-japan's total balance of payments % of GDP 10 8 6 4 2 0-2 -4 1996 1997 1998 1999 2000 2001
More informationLeveraging China and RMB Internationalisation
Leveraging China and RMB Internationalisation Goldman Sachs Luncheon Presentation Charles Li Chief Executive, HKEx 28 September 2010 4 0 0 3 0 0 2 0 0 1 0 0 0 First Phase: Primary Market Has Driven Growth
More information26 April ARA-CWT Trust Management (Cache) Limited
1Q 2011 Financial Results 26 April 2011 ARA-CWT Trust Management (Cache) Limited Agenda 1Q 2011 Financial i Results Portfolio Update Going Forward 2 Highlights 1Q 2011 Results Property Income slightly
More informationGlobal Equity Trading Volumes Surge 36% in 1 st half 2015 driven by Mainland China
EMBARGO: :1BST/1:1CET/19:1EDT Global Equity Trading Volumes Surge 36% in 1 st half 215 driven by Mainland China Global Equity Trading Volumes Ex Mainland China Up 5% Mainland China Share Trading Vols Rise
More informationTurnover Behaviour of the Hong Kong Stock Market Joseph Lee and Yan Yuhong 1 October 2002
Turnover Behaviour of the Hong Kong Stock Market Joseph Lee and Yan Yuhong 1 October 2002 Summary Turnover of the Hong Kong stock market has declined recently. The purpose of the paper is to explore the
More informationSGX reports FY2018 net profit of S$363 million
News Release 27 July 2018 SGX reports FY2018 net profit of S$363 million FY2018 Financial Summary Revenue: S$845 million, up 5% from a year earlier Operating profit: S$425 million, up 6% Net profit: S$363
More informationLight Industrial. Unitholders Meeting 28 June 2007
Business & Science Park Light Industrial Warehouse Retail Facilities Hi-Tech Industrial Logistics and Distribution Unitholders Meeting 28 June 2007 Members of the Panel Mr Lew Syn Pau, Chairman Mr Gregory
More informationEXAMINING REIT JURISDICTIONS, STRUCTURES AND INVESTOR APPETITE ACROSS ASIA PACIFIC MARKETS
PERPETUAL CORPORATE TRUST EXAMINING REIT JURISDICTIONS, STRUCTURES AND INVESTOR APPETITE ACROSS ASIA PACIFIC MARKETS GLEN DOGAN, SENIOR SALES & RELATIONSHIP MANAGER PERPETUAL: 128 YEARS OF HISTORY We are
More informationA presentation to Chinese Real Estate Chamber of Commerce (CRECC) By Invitation of Pacific Star China Limited
A presentation to Chinese Real Estate Chamber of Commerce (CRECC) By Invitation of Pacific Star China Limited Cross-border REITs: Opportunities and Challenges Sing Tien Foo Department of Real Estate National
More informationFIDELITY ASIAN VALUES PLC 31 MARCH 2018
Investment Objective To achieve longterm capital growth through investment principally in the stockmarkets of the Asian Region (excluding Japan). Investment Trust Facts Launch date: Portfolio manager:
More informationDiversification Opportunities From Capturing China as an Asset Class An Overview of the KraneShares MSCI All China Index ETF (Ticker: KALL)
KALL 9/30/2018 Diversification Opportunities From Capturing as an Asset Class An Overview of the KraneShares MSCI All Index ETF (Ticker: KALL) Info@kraneshares.com Diversification may not protect against
More informationEverbright Sun Hung Kai
Everbright Sun Hung Kai Fees and (Effective on January 16, 2018) Item Page A. HK Shares and Warrants... 2 B. China Connect Shenzhen & Shanghai A Shares... 6 C. Stock Options... 7 D. B-Shares... 8 E. Overseas
More informationValue Partners. 31 August Pages. attractive opportunities for stable growth. Investment objective. Performance update
1 Value Partners High-Dividend Stocks Fund 31 August 2012 2 Pages NAV per unit: US$55.68 / HK$431.8541 2 (for reference only) Fund size: US$719.06 million Please pay particular attention to the risk of
More informationSingapore Exchange Limited Third Quarter FY 2010 Interim Results. Magnus Bocker, CEO Seck Wai Kwong, CFO
Singapore Exchange Limited Third Quarter FY 2010 Interim Results Magnus Bocker, CEO Seck Wai Kwong, CFO 16 April 2010 Agenda 1. Highlights 2. Financial Performance 3. Business Update 4. Conclusion 2 Highlights:
More informationFTSE Global Equity Index Series
FTSE Global Equity Index Series THE FTSE GLOBAL EQUITY INDEX SERIES With an unparalleled record of flexibility, transparency, consistent accuracy and the ability to meet any mandate, FTSE indices are already
More information