Invest Positively

Singapore Exchange Ltd (SGX) may have just begun its search for a new CEO but investors and brokers already know what change they want to see: the bourse stripped of its regulatory powers and a rebuilding of its stock market business. Reuters

The Singapore stock market is continuously evolving, and all its stakeholders need to adapt to survive and thrive.

Noble Group has fingered a former employee as the person behind Iceberg Research, as it reported on Thursday its first quarterly loss in three years due to a heavy impairment charge on an associate.

When a sample of brokers, investors and newsroom colleagues were asked for their opinions on what the next chief executive officer of the Singapore Exchange (SGX) should do, these were their varied responses - he or she should dismantle the existing self-regulatory commercial model, raise the quality bar for listing, bring back the lunch break, attract more big name IPOs, ban computerised, algorithmic as well as high-frequency trading, try not to over-regulate the market, introduce more interesting products that investors want to trade and ensure that investigations into possible wrongdoings are completed promptly so that investors aren’t kept in the dark for years on end.

Noble Group Ltd is getting a vote of confidence from an unlikely source: short sellers.

The Swede is leaving amid widespread unhappiness over a moribund stock market; SGX mounts search for replacement CEO

Commodity trader Noble Group on Tuesday defended its financial statements as its shares continued to reel for a second day following accusations of accounting malpractices by Iceberg Research, a little-known research firm. The two-day fall saw its market value plummeting S$1.05 billion.

BBC

Former chief executive of beleaguered China Sky Chemical Fibre, Huang Zhong Xuan, will pay a civil penalty of S$2.5 million and surrender 10 per cent of his shareholding in China Sky under a settlement agreement with the Monetary Authority of Singapore (MAS).

Protection order granted to one, pre-trial conference fixed for Feb 16

Some BT readers and investors may be wondering how the dealing community’s view of the local stock market could be so diametrically opposed to that held by the Singapore Exchange (SGX).

Rowsley Ltd, a real estate and investment firm part-owned by billionaire Peter Lim, has entered into an agreement with Vietnam’s Hoang Anh Gia Lai Joint Stock Company (HAGL) to jointly develop a mixed-use development in Yangon, Myanmar.

SGX says some issues raised have been or are being addressed; SIAS says shift in investor profile could have added to woes

Widespread unhappiness sees more than 1,000 stock traders, investors put pen to paper asking for separation of SGX roles, restoration of trust in market

Sino Construction, which of late has been aggressively transforming itself into a resource play, on Tuesday announced that its wholly owned subsidiary, Magnum Energy, has entered into a joint-venture (JV) agreement with Primeforth Special Situation Fund, to establish and operate a company that generates and sells electricity from renewable energy sources, starting with palm biofuel.

Mainboard-listed Sino Construction on Tuesday announced that its wholly-owned subsidiary Magnum Energy has partnered Primeforth Special Situation Fund to establish and operate Magnum Modular Power Generation, a joint-venture (JV) company in Singapore.