12/17/2015

SGX – Global Exchange of the Year

In November, Moody’s and Standard and Poor’s put Noble’s BBB rating under review for downgrading to junk status, ie untradeable. Noble’s share price has since plunged to below 40c. Today (16 Dec) the share price moved up to 43c on news of Cofco wanting to buy up the remaining 49% of Noble Agri.

The important point is that at 40c, Noble is at risk of being downgraded to junk stock. What about the hundreds of stocks in the SGX that are trading below 10c or below 1c?  Are these junk stocks as well? Or can they be having a better rating than Noble’s BBB?

Anyway, with so many junk stocks in the SGX, it did not affect the quality of the
Exchange and SGX has been named the Global Exchange of the Year by a derivative magazine Futures & Options World.  According to Business Times, ‘It was lauded for growing its offshore Asian equity derivatives suite, broadening its commodities clearing and over the counter business and continuing to expand its currency futures portfolio and turnover, SGX said.’

What more can you say about the SGX? The award speaks for itself. Everything is fine, perfectly fine. This is the best stock exchange in the world.

Ok, the award is all about derivative trading, commodities and currency futures. I am not sure if SGX would get what kind of award if it is assessed with the hundreds of penny stocks in the main board.

What do you think?
at

79 comments:

  1. AnonymousDecember 17, 2015 9:05 am

    What do you think?
    RB

    I think RB should think PAP. Anyway, with so many screw ups by PAP govt as often posted by RB on his blog, it did not affect negatively at all on PAP during elections. On the contrary, PAP even got a whopping 70% of votes in GE 2015 and thus given a even stronger mandate by majority voters than in GE 2011.

    ReplyDelete
  2. AnonymousDecember 17, 2015 9:10 am

    RB, how's business as a remisier? Maybe care to blog about it?

    Or do you know how to beat SGX at their own game so as to make money in spite of the conditions of SGX that you described?

    ReplyDelete
  3. Chua Chin Leng aka redbeanDecember 17, 2015 9:20 am

    Business is so bad that many broking houses are starting to downsize and many remisiers are leaving the industry for good.

    But the most important thing is that we have the best stock exchange in the world. Reminds me of the high rankings of our universities but producing duds that are unemployable. The rankings are the most important. See, we are Number One.

    ReplyDelete
  4. AnonymousDecember 17, 2015 9:31 am

    Rb //Reminds me of the high rankings of our universities but producing duds that are unemployable. The rankings are the most important. See, we are Number One.//


    Secret formula to success?

    Papigs number 1 in sincity?

    Like Young Lions also number 1 ( albeit domestically )?

    ReplyDelete
    Replies
    1. AnonymousDecember 17, 2015 9:34 am

      Like the best athletes?

      Best in sinkieland?

      But cannot even get a medal in SEA GAMES?

      Delete
  5. AnonymousDecember 17, 2015 9:34 am

    "The rankings are the most important."
    RB 9:20 am

    Tiok. And rankings are most important to our universities what elections are most important to a political party.

    ReplyDelete
  6. AnonymousDecember 17, 2015 9:37 am

    Can only hoodwink the daft?

    ReplyDelete
  7. AnonymousDecember 17, 2015 9:41 am

    FED raised rate ( 25 basis points ) and major exchanges shot up ......

    Can last?

    Sinkieland hardly moves ..... (for now at least )?

    ReplyDelete
    Replies
    1. AnonymousDecember 17, 2015 9:44 am

      PBOC cuts rates market also goes up?

      Up or down rates market also up?

      But sinkieland interest-rates taker?

      Delete
    2. AnonymousDecember 17, 2015 10:26 am

      Property mkt how?

      Delete
    3. AnonymousDecember 17, 2015 10:28 am

      Sincity interest rate taker?

      Mortgage rate .....?

      Oh ....... omggggggggg?

      Delete
    4. AnonymousDecember 17, 2015 2:14 pm

      Property sector ( inflated and ) driven GDP-growth gone for good for the foreseeable future?

      Delete
  8. AnonymousDecember 17, 2015 9:43 am


    Like Matilah Singapura said,
    Sin MUST be Nombor One and
    MUST ALWAYS BE.

    Who knows Sin better than
    Matilah Singapura?


    ReplyDelete
    Replies
    1. AnonymousDecember 17, 2015 9:46 am

      Another plp?

      Wrong ball-lah lah?

      Delete
  9. AnonymousDecember 17, 2015 9:50 am

    MS knows Sin well
    ver well.

    Amos Yee knows
    Sin Rulers well and
    he declared that he
    will reveal more.
    He said the Sin PM
    is making his tits
    tingling and his balls
    reverberating.

    MS's heart rate must
    be racing.

    ReplyDelete
    Replies
    1. AnonymousDecember 17, 2015 10:18 am

      Both "so well must run overseas"?

      Delete
    2. AnonymousDecember 17, 2015 10:22 am

      Mati "double head snake"?

      Personally he quitted?

      But publicly he trumpeted sycophantic "lies" to tinkle his masters tit tit and reverberate their balloons?

      Delete
  10. AnonymousDecember 17, 2015 2:15 pm

    70% kongcum-ed and daft-ed by the system?

    ReplyDelete
  11. AnonymousDecember 17, 2015 2:22 pm

    In 2010, when sin city economy was red hot, GDP grew at almost 15% and needed high interest rate, it was near zero .....

    ReplyDelete
    Replies
    1. AnonymousDecember 17, 2015 2:24 pm

      Botak " kooning ", "pretend act blur", and let big balloons built up?

      Delete
    2. AnonymousDecember 17, 2015 2:25 pm

      Now casino factor gone?

      Delete
    3. AnonymousDecember 17, 2015 2:26 pm

      Export-led sector gone?

      Delete
    4. AnonymousDecember 17, 2015 2:27 pm

      Construction sector going into sun set?

      Delete
    5. AnonymousDecember 17, 2015 2:29 pm

      Now economy badly needs boost but interest rate creeping up ....?

      Delete
    6. AnonymousDecember 17, 2015 2:30 pm

      Who let balloons inflated so big in 2010-2013 till too late?

      Delete
    7. AnonymousDecember 17, 2015 2:32 pm

      Somemore Botak got global FIN meanstir award in 2013?

      Delete
    8. AnonymousDecember 17, 2015 2:33 pm

      For ( doing ) what?

      Delete
    9. AnonymousDecember 17, 2015 2:34 pm

      Now how?

      Delete
    10. AnonymousDecember 17, 2015 2:35 pm

      Coordinate to "find scapegoats and excuses"?

      Delete
    11. AnonymousDecember 17, 2015 2:36 pm

      At low tide, people can see ( botak ) swimming naked?

      Delete
  12. AnonymousDecember 17, 2015 2:26 pm

    GDP up 15%, how many months of bonuses?

    ReplyDelete
  13. AnonymousDecember 17, 2015 3:02 pm

    Shipping sector gone?

    ReplyDelete
  14. AnonymousDecember 17, 2015 3:03 pm

    O & G sector gone for now?

    ReplyDelete
    Replies
    1. AnonymousDecember 17, 2015 3:05 pm

      Bring on more vice sectors?

      Delete
  15. AnonymousDecember 17, 2015 3:31 pm

    You see how quickly PAP government can work with a 70% mandate.
    Within a few months of a 70% mandate, SGX is the Global Exchange of the year.

    With an 80% mandate in GE 2020, SGX will become the Galactic Exchange of the Year.
    And LKY will become the Founding Father of the Universe.

    PAP
    PAP
    PAP

    ReplyDelete
    Replies
    1. AnonymousDecember 17, 2015 4:32 pm

      Hypothetically, somebody can buy over or start a magazine, say in Africa and name RB Blogger of the Year?

      Delete
    2. AnonymousDecember 17, 2015 4:33 pm

      There are some SMEs that like to collect accolades this and that but in the end business also went bust?

      Delete
    3. AnonymousDecember 17, 2015 4:35 pm

      And also some individuals collect this title and that but in the end .......?

      Delete
  16. AnonymousDecember 17, 2015 3:52 pm

    Everywhere in the world, the price of oil is at a record low ... except Singapore

    http://www.zerohedge.com/news/2015-12-16/something-strange-taking-place-middle-atlantic-ocean

    the oil exporting countries should send all their cheap oil to Singapore.
    record high prices for oil in Singapore.
    also record high prices for politician salaries.

    ReplyDelete
    Replies
    1. AnonymousDecember 17, 2015 5:07 pm

      "record high prices for politician salaries."


      O.6 month bonus for rank and file but .....

      How many months for ( parachuted ) parrots?

      Delete
  17. AnonymousDecember 17, 2015 4:46 pm

    // SGX is the Global Exchange of the year.//


    Botak also voted best Fin Meanstir last year?

    Did MRT trains stop breaking down?

    Did things stop getting worst?

    ReplyDelete
    Replies
    1. AnonymousDecember 17, 2015 4:48 pm

      The point is does it matter at all?

      Does it change a thing?

      Does it improve the masses lives?

      Delete
    2. AnonymousDecember 17, 2015 5:04 pm

      Bottom line:

      Did it cost taxpayers any $$$?

      How much?

      Delete
  18. AnonymousDecember 17, 2015 5:11 pm

    rank and file civil servants are not politicians.
    Civil servants are not considered politicians in most countries.

    ReplyDelete
    Replies
    1. AnonymousDecember 17, 2015 5:33 pm

      Data y they never get 20+ months bonuses?

      Ha ha ha .....

      Delete
    2. AnonymousDecember 17, 2015 5:37 pm

      Who is paying for all the I T mess?

      Taxpayers or the superscale JLBS?

      Delete
    3. AnonymousDecember 17, 2015 5:38 pm

      Who is in charge?

      The lowly rank and file?

      Delete
    4. AnonymousDecember 17, 2015 5:39 pm

      Or the "leeches" sucking taxpayers "blood "?

      Delete
    5. AnonymousDecember 17, 2015 5:39 pm

      Driving flashy/ big cars?

      Delete
    6. AnonymousDecember 17, 2015 5:42 pm

      Staying in pte luxurious homes paid with ("own self pay own self" obscene) salaries at taxpayers expense?

      Delete
    7. AnonymousDecember 17, 2015 5:44 pm

      Only know how to talk "nonsense"?

      Delete
    8. AnonymousDecember 17, 2015 5:45 pm

      And make a (blardy) fool of themselves?

      Delete
  19. AnonymousDecember 17, 2015 5:22 pm

    Bring in more vices ?

    No nid la, just enlarge those existing will do.

    Maybe there's need for more pimps and
    prostitutes to cater to the 70%.

    ReplyDelete
    Replies
    1. AnonymousDecember 17, 2015 5:31 pm

      Enlarge Geylang to the entire GRC to pump-prime the GDP?

      Delete
  20. AnonymousDecember 17, 2015 6:49 pm

    The "leeches drawing obscene salaries" got no idea how to run and improve the economy except "own self pay own self fat cheques", go for expensive holidays, drive big expensive cars, live decadently in super oversized, super expensive, super opulent "palaces, mansions and penthouses", indulge in ( super ex ) fine-dining ( each meal easily costing a full month salary and more of a rank and file work force )?

    ReplyDelete
    Replies
    1. AnonymousDecember 17, 2015 6:54 pm

      That's why
      Amos fucks
      those Sinners.
      Lol.

      Delete
  21. AnonymousDecember 17, 2015 6:55 pm

    Ha ha

    Now the hotel sin city concept also not effective liao ....?

    What next?

    ReplyDelete
    Replies
    1. AnonymousDecember 17, 2015 6:55 pm

      A vicious downward spiral?

      Delete
    2. AnonymousDecember 17, 2015 6:57 pm

      When ( kongcum ) started the economy on "steroids", it is the road of no return?

      Delete
    3. AnonymousDecember 18, 2015 7:18 am

      To grow a "vice-infested" economy, YEW need more and more vices for the economy to continue to grow?

      Delete
    4. AnonymousDecember 18, 2015 7:18 am

      Is it sustainable?

      Delete
    5. AnonymousDecember 18, 2015 7:19 am

      What is the end game?

      Delete
    6. AnonymousDecember 18, 2015 7:20 am

      Like "macaw"?

      Delete
    7. AnonymousDecember 18, 2015 7:26 am

      Eventually, 90% of its GDP linked to "vice-trades: casinos, loan sharking, prostitution, drugs, porno, pimps, sex credit, sex debts, vice centric education, vice centric training, vice related service industries ..... "

      Delete
    8. AnonymousDecember 18, 2015 7:27 am

      Vice
      Vice
      Vice

      Delete
    9. AnonymousDecember 18, 2015 7:28 am

      Pimp And Prostitution

      Delete
    10. AnonymousDecember 18, 2015 7:30 am

      The 70% ( kongcum?) should cooperate with the "black turtle head" .....

      .... to make it happen. ....

      .... GDP growth at all costs?

      Delete
    11. AnonymousDecember 18, 2015 7:31 am

      Hu said "easy growth" no have liao?

      Delete
  22. AnonymousDecember 17, 2015 8:57 pm

    Rb // The award speaks for itself. Everything is fine, perfectly fine. This is the best stock exchange in the world. //

    Ya lah?

    Like the universities rankings?

    But past MOM 1 star parachuted paper generalissimo said sinkies cmi?

    And some more the past MOE promoted?

    Liddat?

    ReplyDelete
  23. AnonymousDecember 17, 2015 10:00 pm

    Rb // I am not sure if SGX would get what kind of award if it is assessed with the hundreds of penny stocks in the main board. //


    Own self award own self?

    Ha ha ha ha ha

    ReplyDelete
    Replies
    1. AnonymousDecember 18, 2015 7:15 am

      "Global penny stocks Xchange award"?

      Delete
  24. AnonymousDecember 17, 2015 10:04 pm

    // What more can you say about the "SGX"? //

    It is an outdated car plate series?

    Issued in 2007 ....?

    Lao pok kar liao?

    ReplyDelete
    Replies
    1. AnonymousDecember 17, 2015 10:05 pm

      Oso car plate with letter "X" "super bad luck"?

      Delete
    2. AnonymousDecember 17, 2015 10:08 pm

      Which Chinese parent ever named their children with the letter "X" in front ( except HanYuPinYin )?

      Delete
    3. AnonymousDecember 18, 2015 9:39 am

      Got.
      Many Chinese named their children
      Xavier.

      Delete