Beijing Gas Blue Sky Holdings Limited (UQ7) Is Yet to See Trading Action on Dec 11

December 11, 2017 - By Maria Brooks

Shares of Beijing Gas Blue Sky Holdings Limited (SGX:UQ7) closed at 0.088 yesterday. Beijing Gas Blue Sky Holdings Limited currently has a total float of 9.84 billion shares and on average sees 61,487 shares exchange hands each day. The stock now has a 52-week low of 0.083 and high of 0.103.

The Rising Giant SGX

Singapore Exchange (SGX), is the primary stock exchange platform in Singapore. All corporate stocks, bonds, derivatives, and exchange traded funds (ETFs) traded in one of Asia’s leading economies are traded through the SGX. It includes the shares of Beijing Gas Blue Sky Holdings Limited. Currently, it is among the very few leading stock exchange platforms in Southeast Asia.

A total of 768 publicly traded companies are listed on the SGX as of January 2009, 455 of which are domestic companies and 313 of which are international companies. The number continues to grow and the reason behind this is further explained below.

A Glimpse of History

Established on December 1, 1999, the SGX is the resulting merger of the Stock Exchange of Singapore and the Singapore International Monetary Exchange. These two stock exchange platforms were then the most reputable ones in Singapore. In 2000, SGX has gone public. It opened many new doors for Beijing Gas Blue Sky Holdings Limited.

Operation

Singapore Exchange Limited owns and operates the SGX. Its shares are also publicly traded through the SGX. The exchange stock is a component of two major indices: 1) MSCI Singapore Free Index; and 2) Strait Times Index (STI), which monitors the market performance of the top 30 SGX companies in terms of market capitalization.

The regular session on the SGX begins at 9:00 a.m. and ends at 5:00 p.m. This can extend until 5:05 p.m, with the market officially closing at 5:06 p.m. Meanwhile, the pre-market session lasts from 8:30 a.m. until 8:59 a.m.

Best-Performing SGX Companies

The best-performing companies listed on the SGX in the past five years include Thai Beverage Public Company Limited (SGX:Y92), which has generated a 216% return; Comfortdelgro Corporation Limited (SGX:C52), which has generated a 123% return; and SATS Ltd (SGX:S58), which has generated a 119% return. Return of Beijing Gas Blue Sky Holdings Limited is the key interest of investors.

More than 90 companies on the SGX have a market capitalization of more than S$1 billion. Given these compelling data, it is unquestionable why many investors are looking forward to trade on the SGX— be for the short-term or the long-term, and why many companies are looking forward to be listed on the SGX.

Singapore’s Good Corporate Governance

CG Watch, a biannual newsletter, has named Singapore as the best market in Asia in terms of corporate governance standards this year. The country has scored 67 points, beating Hong Kong by two points. In the previous list of CG Watch, Singapore has only scored 64 points, placing behind Hong Kong.

This latest feat further reflects the advantage of the SGX for investors and companies alike. With this, more companies are becoming more and more interested in being listed on the SGX. Similarly, more investors are attracted to trade assets on the SGX.

Competitive corporate governance encourages and reinforces investors’ confidence, boosting a country’s entire economy. This indicator is closely associated with foreign direct investment (FDI). Analysts have always reiterated that the key to an immense SE Asia’s economic growth is good corporate governance, which can translate into heightened FDI inflow. That being said, Singapore is surely leading the region’s economic growth.

More notable recent Beijing Gas Blue Sky Holdings Limited (SGX:UQ7) news were published by: Marketwired.com which released: “Beijing Gas Blue Sky will acquire 29% equity interest in PetroChina Jingtang …” on November 03, 2017, also Marketwatch.com with their article: “Beijing Gas Blue Sky Holdings Ltd.” published on November 22, 2013, Marketwatch.com published: “BOC International issued a research report on Beijing Gas Blue Sky” on September 07, 2017. More interesting news about Beijing Gas Blue Sky Holdings Limited (SGX:UQ7) were released by: Businesswire.com and their article: “The Company Has Changed Name to Beijing Gas Blue Sky” published on February 02, 2017 as well as Marketwired.com‘s news article titled: “Beijing Gas Blue Sky will acquire two natural gas projects in Shanxi Province …” with publication date: June 09, 2017.

Beijing Gas Blue Sky Holdings Limited, an investment holding company, engages in the sale and distribution of natural gas and other related products in the PeopleÂ’s Republic of China. The company has market cap of $866.18 million. It operates through Natural Gas for Transportation, Trading and Distribution of Natural Gas, and City Gas and Other Related Products divisions. It has a 44 P/E ratio. The firm constructs and operates compressed natural gas and liquefied natural gas (LNG) refueling stations for vehicles; and distributes and trades in CNG, LNG, and liquefied petroleum gas as a wholesaler and sales agent to industrial and commercial users through direct supply facilities.