Invest Positively

Missing executives, bribery probes, workers suspected of pilfering company documents - not the plot for a thriller, just regular reading for a Hong Kong stock trader.

Market stakeholders welcomed a review of the dual role of Singapore Exchange (SGX) as a regulator and a commercial business, a day after the Monetary Authority of Singapore (MAS) said there could be scope to do so.

Now a tycoon with a net worth of S$3 billion and the 11th richest man in Singapore, Peter Lim is a classic rags-to-riches story if ever there was one.

While the Hong Kong stock market prepares to curb volatility and “fat-finger errors”, not all brokers are happy with the proposed reforms.

After a lengthy debate, Hong Kong stockbrokers have finally accepted the stock exchange proposal to relaunch an auction system to determine stock closing price.

Raise trading volumes. Make securities sizzle. Bring back the lunch break. The incoming Singapore Exchange chief has his work cut out for him

The Singapore stock market has unexpectedly turned into a playground for short-sellers looking to profit from weakness in shares of companies with heavy exposure to a slowing Chinese economy or the energy sector.

I beg to differ with the view that “Expectations of incoming SGX CEO should be toned down” (BT, June 12). The writer, Vincent Khoo, being a seasoned remisier himself, will do well to remember that the current SGX CEO is paid close to S$3.8 million, a king’s ransom by any measure, and the stockbroking community here has every right to have a laundry list of expectations for the new CEO. If something goes wrong, is it not in order to convene a committee of inquiry to get to the bottom of the issues and start putting things right? The writer seems to have issues with this. One wonders why.

The long-running battle between beleaguered commodities trader Noble Group and its toughest critics has entered into its fifth month, with no end in sight.

A pretentious ‘watching brief’ on the changing scene at SGX

While the Hong Kong stock market prepares to curb volatility and “fat-finger errors”, not all brokers are happy with the proposed reforms.

After a lengthy debate, Hong Kong stockbrokers have finally accepted the stock exchange proposal to relaunch an auction system to determine stock closing price.

Home-grown Loyz Energy could be joining the ranks of Singapore’s largest listed upstream oil and gas companies.

Shares in Noble Group have rebounded after its founder said the commodity trader will “right the damage” and do its best to restore the share value, even as a rating agency revised its outlook on Noble from “stable” to “negative”.

Shares in commodities firm Noble Group may have enjoyed some respite from their recent weakness when they bounced S$0.06 from a six-year low to close at S$0.705 on Thursday after its chairman Richard Elman sent a letter to shareholders and staff to reassure them that management is working hard behind the scenes. But unless the company takes radical steps to win over the market’s confidence, there is every chance that weakness may quickly resume.

Steel trader Albedo Limited said it has agreed to acquire a majority stake in a Taiwanese aesthetic medicine group.

Global index provider MSCI rejected on Tuesday the addition in 2015 of Chinese A-shares in one of its key benchmark indexes for global stock markets, dealing a setback to Beijing’s efforts to further open up its domestic capital markets.

Loyz Energy on Tuesday announced that it would acquire oil and gas company Primeline Energy Holdings (PEH) for about S$197 million, and seek a transfer of its listing from Catalist to mainboard thereafter.

China New Town Development disclosed on Tuesday that its controlling shareholder, Shi Jian, has been required by the PRC Changzhou Procuratorate to remain under “custody in designated residence”.

Hong Kong’s markets regulator will back a plan to stop fat fingers and rogue algorithms from causing erroneous swings in the city’s biggest stocks.

In the movies, visual effects are all about creating something out of nothing. Much awarded for that craft, Digital Domain is now pushing the art further, trying to turn something into nothing.

The rapid liberalization of Chinese derivatives markets has attracted a new breed of creative traders employing complex trading strategies that can generate quick profits - and an extra dollop of risk - in China’s runaway stock boom.

MD Wira Dani Bin Abdul Daim owed Maybank Kim Eng Securities Pte $2.6 million for LionGold shares bought in a leveraged account, according to a lawsuit filed April in the Singapore High Court. The brokerage received court approval last month to serve the lawsuit on the son of former Malaysian Finance Minister Daim Zainuddin.

Jason Holdings’ CEO Jason Sim has pledged his shares amounting to a total 15.75 per cent stake in the company to four other parties.

A subsidiary of Sino Construction has received approval to start operations at its micro power plants in Korea.