Singapore Exchange Limited Income Report

Singapore Exchange Limited Income Report

It is important to know what a particular company does and how it makes its money before investing in it. Investing in a business without such knowledge is akin to travelling to an unknown territory without a map.

On that note, let’s check out what business Singapore Exchange Limited (SGX: S68), or SGX, is involved in and how it generates its revenue.

SGX is largely a local stock market operator and regulator that provides listing, trading, clearing, settlement, depository and data services. It is the “most international” exchange as nearly 40% of listed companies on it are overseas companies. It is also the world’s most liquid offshore market for Asian derivatives.

It is important to know what a particular company does and how it makes its money before investing in it. Investing in a business without such knowledge is akin to travelling to an unknown territory without a map.

Revenue from Equities and Fixed Income segment contributed to 49% of the total revenue. This segment provides issuer services (contributed 10% of Equities and Fixed Income segment’s revenue), securities trading and clearing (25%), and post trade services (14%).

Revenue from Derivatives segment comes from the provision of derivatives trading and clearing services, membership and collateral management. This division raked in 40% of total revenue.

Revenue from Market Data and Connectivity comes from providing market data and connectivity services.

Technical Analysis

Overall, the bias in prices is: Downwards.

Short term: Prices are stalling.

Intermediate term: Prices are ranging.

The projected upper bound is: 4.67.

The projected lower bound is: 4.54.

The projected closing price is: 4.60.

Candlesticks

A big black candle occurred. This is bearish, as prices closed significantly lower than they opened. If the candle appears when prices are “high,” it may be the first sign of a top. If it occurs when prices are confronting an overhead resistance area (e.g., a moving average, trendline, or price resistance level), the long black candle adds credibility to the resistance. Similarly, if the candle appears as prices break below a support area, the long black candle confirms the failure of the support area.
During the past 10 bars, there have been 6 white candles and 3 black candles for a net of 3 white candles. During the past 50 bars, there have been 13 white candles and 14 black candles for a net of 1 black candles.

A falling window occurred (where the bottom of the previous shadow is above the top of the current shadow). This usually implies a continuation of a bearish trend. There have been 17 falling windows in the last 50 candles–this makes the current falling window even more bearish.

Momentum Indicators

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 2.0099. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a sell 10 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 38.70. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 17 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -173.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a sell 10 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 1 period(s) ago.

Rex Takasugi – TD Profile

SINGAPORE EXCH closed down -0.019 at 4.606. Volume was -0% below average (neutral) and Bollinger Bands were 31% narrower than normal.

Open   High    Low      Close   Volume
4.624   4.624   4.606   4.606  0

Technical Outlook
Short Term: Oversold
Intermediate Term: Bearish
Long Term: Bearish

Moving Averages: 10-period   50-period   200-period
Close:                       4.66            4.67              4.77
Volatility:                8                  9                    17
Volume:                   0                 0                    14

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

SINGAPORE EXCH gapped down today (bearish) on normal volume. Possibility of a Runaway Gap which usually signifies a continuation of the trend. Four types of price gaps exist – Common, Breakaway, Runaway, and Exhaustion. Gaps acts as support/resistance.
SINGAPORE EXCH is currently 3.5% below its 200-period moving average and is in an downward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. Our volume indicators reflect very strong flows of volume into SGXL.SG (bullish). Our trend forecasting oscillators are currently bearish on SGXL.SG and have had this outlook for the last 0 periods.

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Ivy Heffernan

My name is Ivy Heffernan, and I am interested in a wide range of professions. Economics and politics at the age of 17 is easy when your father has a Ph.D in economics, i have been taught to put together technical analyst and stay up to date with the changing markets as well as what is happening in the political world. Marketing: This one comes as quite a surprise. As I never really knew my true potential for it. It began when I offered to help someone once with their seo, marketing and Web design for free. I'm only 16 so I knew no one would pay me for something I 'claimed' to be good at. Although thanks to analytic reports, it showed that from the seo I was doing the website got more than double its daily views. On top of that the owner was more than happy with the Web design and for marketing. Well for someone who only started a month ago, getting 10+ people a week I'd say is pretty good. Summary: I think being a well rounded individual on all topics is the most important thing to everyone, with the changing economies it's good to know that no matter what life throws at you, and no matter what job you are given, you'll always be capable.

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