NGSC Limited (B07) Dipped -50% on Feb 4

February 4, 2018 - By Adrian Mccoy

Shares of NGSC Limited (SGX:B07) last traded at 0.001, representing a move of -50%, or -0.001 per share, on volume of 200 shares. After opening the trading day at 0.002, shares of NGSC Limited traded in a close range. NGSC Limited currently has a total float of 6.43 billion shares and on average sees 471,707 shares exchange hands each day. The stock now has a 52-week low of 0.001 and high of 0.004.

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 NGSC 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 NGSC 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 NGSC 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 important recent NGSC Limited (SGX:B07) news were published by: Nature.com which released: “China’s quantum satellite clears major hurdle on way to ultrasecure communications” on June 15, 2017, also Ft.com published article titled: “China sends first ‘unhackable’ message to satellite”, Globenewswire.com published: “Iridium Announces Date for Fourth Iridium® NEXT Launch” on October 19, 2017. More interesting news about NGSC Limited (SGX:B07) was released by: Seekingalpha.com and their article: “Go Long, Young Man! Advice To Shorts On Iridium – Satellite Pioneer” with publication date: October 28, 2017.

NGSC Limited, an investment holding company, provides satellite telecommunications services primarily to educational and financial institutions. The company has market cap of $6.43 million. It builds, operates, and leases base station controllers for universal service obligation sites to enable the telecommunication services in remote areas; and provides data center, network, and engineering services. It currently has negative earnings. The firm also sells satellite communications equipment.