First Ship Lease Trust (D8DU) Dipped -2.5% on Jun 15

June 15, 2018 - By Adrian Mccoy

Shares of First Ship Lease Trust (SGX:D8DU) last traded at 0.078, representing a move of -2.5%, or -0.002 per share, on volume of 635,000 shares. After opening the trading day at 0.079, shares of First Ship Lease Trust traded in a close range. First Ship Lease Trust currently has a total float of 637.46M shares and on average sees 323,766 shares exchange hands each day. The stock now has a 52-week low of 0.073 and high of 0.105.

SGX: Asia’s Rising Exchange Giant

Nearly 17 years ago, the Singapore Exchange (SGX) was formed from the union of Singapore’s two stock exchange platforms, the Stock Exchange of Singapore and the Singapore International Monetary Exchange, creating a broader stock exchange platform which would later on become one of Southeast (SE) Asia’s leading exchanges. First Ship Lease Trust is the part of SE active trades.

Like any other stock exchange platforms, the SGX features all kinds of assets— stocks, bonds, derivatives, debentures, exchange traded funds (ETFs), among others. The SGX is owned and operated by Singapore Exchange Limited, which is publicly traded on the stock exchange platform as well. It is a component of two indices, the MSCI Singapore Free Index and the Strait Times Index (STI). The latter tracks the market performance of 30 companies listed on the SGX with the biggest market capitalizations quarterly. It lures new people to First Ship Lease Trust.

Pre-market trading on the SGX begins at 8:30 a.m. and ends at 8:59 a.m., giving way to regular trading that begins at 9:00 a.m. and ends at 5:00 p.m. The regular session can be extended up to 5:05 p.m., officially closing at 5:06 p.m.

SGX Companies

As of January 2009, there are nearly 770 publicly traded companies listed on the SGX. Domestic companies make up nearly 60% of this figure while international companies make up about 40%. More than 90 out of these have a market capitalization of at least S$1 billion presently. As time goes by, more and more international companies show interest in being publicly traded on the SGX.

The top three companies on the SGX in terms of performance in the last five years include Thai Beverage Public Company Limited (SGX:Y92), Comfortdelgro Corporation Limited (SGX:C52), and SATS Ltd (SGX:S58). Another perspective company, according to the analysts is First Ship Lease Trust.During the said period, Thai Beverage has made a return of 216%; Comfortdelgro has made a return of 123%; and SATS has made a return of 119%.

SGX: A Reflection of Excellent Corporate Governance

In the latest ranking of Asian markets in terms of corporate governance published by CG Watch, Singapore has taken the top spot with 67 points, up by three points from the previous ranking. It has beaten Hong Kong, which has only garnered 65 points this year, and 10 other nations.

An excellent corporate governance is essential in a nation’s economic growth. With it, investors are strongly encouraged to make long-term investments and companies are highly confident to enter the market.

Corporate governance, needless to say, is directly and indirectly linked to foreign direct investment (FDI), which can significantly make or break a country’s economy. According to experts, a high FDI inflow is the key to the growth of the SE Asian economy as it strives to stay at par with bigger markets such as the US, the UK, and Europe.

With SGX being one of the most compelling stock exchange platforms not just in SE Asia but in the whole world as well, it definitely plays a major role in how the region’s economy can continuously make it big globally. One of examples of this is First Ship Lease Trust.

First Ship Lease Trust, a business trust, owns a fleet of vessels in various shipping sub-sectors in the Americas, Asia, Europe, and internationally. The company has market cap of $49.72 million. The firm is involved in leasing and chartering vessels on a bareboat charter basis to the international shipping industry; and on short-term time charters or in pools. It currently has negative earnings. As of December 31, 2016, it had 22 vessels, including 12 product tankers, 5 containerships, 3 chemical tankers, and 2 crude oil tankers.

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