I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!


Click to email CW8888 or Email ID : jacobng1@gmail.com



Welcome to Ministry of Wealth!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

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Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
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Technical Analysis and Charting
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Wednesday, 27 May 2020

SGX Plunged!

Walau! $7 to $8 coming???

THE stock price of the Singapore Exchange (SGX) plunged on Wednesday after it announced that it would discontinue its MSCI equity index futures and options contracts, save for those under MSCI Singapore, when their licence agreements expire in February next year.

SGX fell 11.8 per cent or S$1.17 to S$8.73 as at 3.40pm on Wednesday, after 10.7 million shares changed hands.

This marks the lowest share price for the counter in two months. SGX shares traded at S$8.59 on March 24.  


It was the most traded stock by value on the Singapore bourse by Wednesday afternoon, even though it had lifted its trading halt only during the midday break.

MSCI contracts are ~15% of Equity Derivatives DAV; ~12% of Total Derivatives DAV

Potential proforma 10% to 15% impact to FY2021 NPAT, assuming full 12 months and before mitigating actions


 Committed to a sustainable and growing dividend



























2 comments:

  1. Dbs target price drop from 10 to 7.4.
    Just need one unexpected bad news beyond outsider to drop 20%

    ReplyDelete
    Replies
    1. Mr Market is heart weak. Cant take any more bad news!

      Delete

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