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Company Formation Singapore



Profits from Trading Activities Rise by 5% on the SGX

Written by: Bridgewest

Singapore is a commercial hub in Southeast Asia and trading activities represent one of the major segments of the economy. In the second quarter of last year, the Singapore Stock Exchange (SGX) announced a 5% increase in the net profit which was registered due to the pickup in trading activities. If you want to set up a trading company in the Republic, our company formation experts in Singapore can assist you with the registration process. They can also help you if you want to open a company in Singapore in any industry. 

The SGX took the measures which helped trading in the city-state

The 5% rise in the net profit is the result of the Singapore Stock Market’s efforts to consolidate the market liquidity, to improve the regulations related to initial public offerings (IPOs) and to increase the quality of the listings. These measures increased investors’ confidence in Singapore, however due to the uncertainties on other Asian markets the increase was somewhat hard to achieve. Our Singapore company formation agents can also offer information on the incentives available for foreign investors.

The SGX is one of the best Asian hubs for real estate investment trusts which can bring significant incomes from dividends, while in the number of IPOs has increased slightly as a consequence of privatization of Singapore companies.

At the end of the year (the October-December period), the net profit of the SGX was 88.3 million SGD, with a total revenue of 199.6 million SGD for the entire year – 3% higher than the previous year.

Our Singapore company formation consultants can offer information about the regulations on listing on the stock markets in the city-state.

What are the previsions for 2017?

The chief executive officer (CEO) of the SGX also released some predictions for the new year in which the SGX is expected to become “a pipeline” for new listings coming from Singapore companies in the construction, real estate, high-tech and consumer industries. According to the CEO, companies in these sectors are already interested in listing on the main and the secondary boards of the stock market. The second half of 2017 is expected to generate a higher income than the first half of the year.

By the end of the year, the SGX is preparing the legal framework for dual-class shares in order to attract more foreign investors.  The proposal will be put out for public consultation by the end of the first quarter of 2017.

For full information on listings on the SGX or assistance in opening a company in Singapore, please contact our local representatives.


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