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MarketScreener Homepage  >  Equities  >  Stock Exchange of Thailand  >  Siam Future Development Public Company Limited    SF   TH0699010003

SIAM FUTURE DEVELOPMENT PUBLIC COMPANY LIMITED

(SF)
  Report
End-of-day quote. End-of-day quote Stock Exchange of Thailand - 10/26
4.28 THB   -0.47%
2019Singapore proposes to regulate bitcoin futures
RE
2017Lottery operator Sazka Group considers London share listing
RE
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Singapore proposes to regulate bitcoin futures

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11/20/2019 | 06:38am EDT
A Bitcoin automated machine (ATM) is seen at Hong Lim Complex in Singapore

Singapore's central bank plans to bring bitcoin and other similar cryptocurrency futures traded on approved exchanges under its regulation in response to interest from international institutional investors, it said on Wednesday.

Market watchdogs worldwide have been debating whether and how they should regulate the cryptocurrency industry. Many have focused their attention initially on investor protection issues given concerns about market manipulation and cryptocurrencies' volatility.

In a consultation document, the Monetary Authority of Singapore (MAS) said that it had seen interest from institutional investors in trading "payment tokens" like bitcoin and ether, who "have a need for a regulated product to gain and hedge their exposure to the payment tokens."

The consultation will close on Dec. 20.

Derivatives products are a particular concern for regulators looking to protect investors, and MAS said that it did not consider bitcoin and other similar derivatives to be suitable for trading by retail investors.

"The underlying payment tokens tend to exhibit high volatility and are intrinsically difficult to value. ... Losses also amplified due to the leveraged nature of derivatives, and investors may even lose more than the whole amount they had put in," MAS said.

Some U.S.-based exchanges including the Chicago Mercantile Exchange and ICE Futures U.S., already allow trading of bitcoin futures.

However, Hong Kong's Securities and Futures Commission said earlier this month that exchanges allowing trading of bitcoin futures "may well be conducting an illegal activity."

MAS only proposes to regulate futures traded on exchanges it already regulates. It warned investors it did not regulate token derivatives not traded on approved exchanges.

"The inclusion of these products in the approved exchanges will certainly provide new opportunities for all regulated exchanges. This may create liquidity for these products," David Gerald, president of the Securities Investors Association (Singapore), said in a statement, but warned retail investors of the high risk involved in investing in these products.

(Reporting by Alun John and Anshuman Daga; Editing by Susan Fenton)


Stocks mentioned in the article
ChangeLast1st jan.
BITCOIN - EURO 0.83% 10993.005 Real-time Quote.68.46%
BITCOIN - UNITED STATES DOLLAR 0.25% 12977.94 Real-time Quote.78.93%
DEERE & COMPANY -2.30% 233.7 Delayed Quote.38.25%
SIAM FUTURE DEVELOPMENT PUBLIC COMPANY LIMITED -0.47% 4.28 End-of-day quote.-19.25%
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All news about SIAM FUTURE DEVELOPMENT PUBLIC COMPANY LIMITED
2019Singapore proposes to regulate bitcoin futures
RE
2017Lottery operator Sazka Group considers London share listing
RE
More news
Financials
Sales 2020 1 047 M 33,5 M 33,5 M
Net income 2020 1 055 M 33,7 M 33,7 M
Net Debt 2020 - - -
P/E ratio 2020 8,65x
Yield 2020 -
Capitalization 9 125 M 291 M 292 M
Capi. / Sales 2020 8,72x
Capi. / Sales 2021 6,28x
Nbr of Employees -
Free-Float 41,6%
Chart SIAM FUTURE DEVELOPMENT PUBLIC COMPANY LIMITED
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Technical analysis trends SIAM FUTURE DEVELOPMENT PUBLIC COMPANY LIMITED
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 3
Average target price 5,78 THB
Last Close Price 4,28 THB
Spread / Highest target 47,2%
Spread / Average Target 35,1%
Spread / Lowest Target 28,5%
EPS Revisions
Managers
NameTitle
Nopporn Witoonchart Chief Executive Officer & Director
Somnuk Pojkasemsin President & Executive Director
Oranop Jantaraprapa Chairman
Kittinanth Sumruatruamphol Chief Financial Officer & Executive Director
Pongkit Suttapong Vice Chairman
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