|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||7.08 - 7.09|
|52-week range||6.50 - 8.10|
|Beta (5Y monthly)||0.27|
|PE ratio (TTM)||25.28|
|Forward dividend & yield||0.23 (3.20%)|
|Ex-dividend date||06 May 2022|
|1y target est||N/A|
The two stock exchanges will also explore development of more exchange-traded funds products (ETFs), new environmental-social-corporate governance (ESG) products and services, among others, the two bourses said in a joint statement. "It (agreement) aims to create a more connected ecosystem to facilitate access to capital and the development of new investment solutions to address growing complex needs of market participants and investors," SGX Chief Executive Officer Loh Boon Chye said.
Singapore's move to launch new funds to support startups will help companies seeking IPOs, though it could take years before Singapore Exchange might become a centre for regional tech listings, according to market players. Despite shaping up as one of Asia's leading finance hubs, Singapore has seen a decline in listings over the past decade and failed to attract large initial public offerings. "The value proposition by the Singapore eco-system to founders and shareholders of high-growth businesses is that it will be a part of the company's journey - before, during and after the IPO," said Ho Cheun Hon, head of Southeast Asia equity capital markets at Credit Suisse.
Singapore Exchange's new rules for special purpose acquisition companies (SPACs) are likely to help it attract regional funds and fast-growing firms, as it seeks to revitalise a staid market for equity listings, market participants said. Some of them expect Southeast Asian startups, especially from the tech sector, to take advantage of SGX becoming the first Asian bourse to allow SPAC listings since the investment frenzy in SPACs started in the United States last year, although the interest is peaking there. SPACs raise money on stock markets to buy private companies, giving those businesses a quick and cheap route to a listing.