Shares & Derivatives
Warchest is Ready – Taking Aim at SGX (S68)
By Creed's Cash Flow  •  April 1, 2017
With my warchest ready, I've been taking a look at Singapore Exchange [SGX] (S68) after talking with a friend from college (his name is Kean, and there is a link to his own blog in my links section). This counter is relatively ignored among my peers, but I figure increased trading volume from the recent bull-run could benefit SGX, especially if good sentiment persists throughout 2017. FY2016 results demonstrated a 5% increase in revenue, from S$779 million to S$818 million, mainly driven by SGX's Derivatives segment (from an increase in volume in Iron Ore contracts and SGX FTSE China A50 Index futures). FY2016 numbers for net profit remained unchanged from FY2015's at S$349 million, due to higher expenses in technology and staff. This was all before Trump was elected US President, and the markets took off in a bull run. The STI is currently sitting at 3100+ levels, a sharp ......
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By Creed's Cash Flow
First off - thank you very much for stopping by! I really appreciate it. I hope to see this little blog of mine grow. I started this blog in February 2016, and if I could inspire just one person to move towards financial independence, then it would all be worth it. I've wanted to start a finance/investment blog for years, but I just never got around to it. I finally decided to get off my ass and make one. A little background about me - I majored in Business Admin in university, along with a Minor in Finance. I joined the workforce when I was 24 (in 2015), and I was fortunate enough to get a full-time job in the banking industry (Forex, to be exact) after doing a couple of temp jobs around the island.
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