Group 1: Retirement Concerns - More Singaporeans are questioning if the traditional reliance on CPF and property is sufficient for retirement as costs rise and ambitions increase [1] - The aspiration to build a stock portfolio for dividends and wealth accumulation is seen as a pathway to a stress-free retirement, but its feasibility is under scrutiny [1] Group 2: Stock Performance and Income Generation - Stocks provide both steady dividend income and long-term capital appreciation, contributing to their superior performance compared to other asset classes [2] - The Straits Times Index (STI) has delivered an annualized total return of 8.38% over the past decade, highlighting the growth potential of equities [2] - Dividend portfolios, such as those tracked by the iEdge APAC Financials Dividend Plus Index, currently yield 5.22% on a trailing basis, offering reliable income [3] Group 3: Inflation and Dividend Growth - Companies like Singapore Exchange (SGX) have increased dividends from S$0.30 per share in FY2018 to S$0.375 in FY2025, reflecting a growth rate of approximately 3.2% annually, which outpaces Singapore's average inflation rate of 2.24% [3][4] - Mapletree Logistics Trust (MLT) also demonstrates strong dividend growth, with annual payouts increasing from S$0.079 in FY2018/2019 to S$0.088 in FY2021/2022, growing at over 5% annually [4] Group 4: Risks of Stock Investments - Stock portfolios are subject to market volatility, which can impact retirees who withdraw funds during downturns, locking in losses [6] - The pandemic highlighted risks when CapitaLand Integrated Commercial Trust (CICT) saw a 27.4% drop in DPU from S$0.1197 in FY2019 to S$0.0869 in FY2020 due to rental waivers and lower tenant sales [8] Group 5: Diversification and Income Planning - Successful income portfolios should diversify across dividend stocks, REITs, and growth companies to mitigate risks and ensure steady returns [10] - A well-structured dividend portfolio yielding 5% on S$1 million can generate about S$50,000 annually, providing a sustainable cash flow for retirement [11][12] Group 6: Asset Class Comparison - Singapore's Central Provident Fund (CPF) offers guaranteed returns but lacks flexibility, while bonds provide predictable income but may underperform against inflation [14] - Stocks are characterized by high liquidity and potential for growth, with a long-term return of approximately 8% per year, but they require emotional discipline and a long investment horizon [15] Group 7: Retirement Income Goals - A "comfortable" retirement is often defined as replacing 60-80% of pre-retirement income, translating to an annual target of S$40,000 to S$60,000 for many Singapore households [16] - A retirement portfolio of S$1 million to S$1.5 million, yielding 4% to 5%, can support this income level without depleting capital too quickly [17] Group 8: Ongoing Retirement Planning - Sustainable retirement planning involves balancing withdrawals, dividends, and capital growth, ensuring that wealth is replenished over time [18] - Regular reviews and strategic reinvestment of surplus income can significantly extend the lifespan of a retirement portfolio [18]

Many Singapore investors rely on CPF as the foundation of their long-term savings. With guaranteed interest of 2.5% in the OA and 4% in the SA, CPF offers stability that is difficult to match.But while CPF provides a strong baseline, it is not the only way to earn steady, predictable returns. Investors who are looking for additional income, greater flexibility and the potential for long-term growth may consider dividend-paying stocks as a complement to CPF.One approach is to focus on cash-rich, fundamentall ...

Core Thesis - Nasdaq, Inc. is experiencing strong growth driven by its Capital Access Platforms and is positioned for continued value creation through disciplined cost control and strategic initiatives [1][4]. Financial Performance - Nasdaq reported total net revenue of $1,315 million for Q3 2025, reflecting a 1% sequential increase and an 11% year-over-year growth, primarily from Capital Access Platforms which grew 4% Q/Q and 9% Y/Y to $546 million [2]. - Adjusted operating expenses remained stable at $583 million, resulting in strong margins of 55.7%, while adjusted EPS increased by 4% Q/Q and 19% Y/Y to $0.88, exceeding consensus estimates by 4% [2]. Strategic Initiatives - The company achieved $150 million in expense savings from the Adenza acquisition and is on track to realize $100 million in revenue synergies by 2027 through cross-selling initiatives [3]. - Nasdaq has reduced its leverage to 3.1x, with a target of 3.0x by the end of 2025, supported by $69 million in debt repayment and an S&P credit upgrade to BBB+ [3]. Market Position and Future Outlook - Capital Access Platforms are highlighted as a key growth area, supported by strong trends in Index, Data, and Listings, while Financial Technology growth was slightly below expectations [4]. - The company completed the sale of Solovis to focus on higher-value platforms and maintains confidence in its IPO pipeline, reg-tech partnerships, and tokenization initiatives for long-term growth [4]. - Overall, Nasdaq's performance indicates resilient growth and a solid execution strategy, positioning the company well for future opportunities [4].

Core Insights - The article discusses the London Stock Exchange Group plc in light of its Q3 trading update and the broader market context, particularly following a note on Deutsche Börse AG [1]. Group 1: Company Performance - The London Stock Exchange Group plc has released its Q3 trading update, which is a significant event for investors and analysts [1]. - The update is expected to provide insights into the company's performance and market positioning, especially in comparison to its peers [1]. Group 2: Market Context - The analysis is prompted by the opening of doors for buy-side hedge professionals who are conducting fundamental, income-oriented, long-term analysis across sectors globally [1]. - This indicates a growing interest in the London Stock Exchange Group as part of a broader trend in developed markets [1].

Core Insights - TMX Group Limited reported trading statistics for November 2025 across its marketplaces, including the Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, and Montréal Exchange [1] Overall Market Performance - Total trading volume in November 2025 was 14,208,169,648 shares, a decrease from 18,846,129,482 in October 2025 but an increase from 12,025,217,832 in November 2024 [2] - The total value of trades in November 2025 was $348,072,436,278, down from $388,951,149,042 in October 2025 and up from $280,339,336,898 in November 2024 [2] - The number of transactions in November 2025 was 28,095,632, compared to 32,543,664 in October 2025 and 22,281,813 in November 2024 [2] Daily Averages - Daily average trading volume in November 2025 was 710.4 million shares, down from 856.6 million in October 2025 and up from 572.6 million in November 2024 [3] - Daily average value of trades was $17,403.6 million in November 2025, slightly down from $17,679.6 million in October 2025 and up from $13,349.5 million in November 2024 [3] - Daily average transactions were 1,404,782 in November 2025, down from 1,479,257 in October 2025 and up from 1,061,039 in November 2024 [3] Year-to-Date Statistics - Year-to-date trading volume for 2025 reached 151,375,747,288 shares, a 25.5% increase from 120,597,202,054 shares in 2024 [4] - Year-to-date value of trades was $3,627,871,623,338, reflecting a 29.3% increase from $2,804,748,794,477 in 2024 [4] - Total transactions year-to-date were 285,714,873, up 25.2% from 228,153,094 in 2024 [4] Toronto Stock Exchange Performance - In November 2025, the Toronto Stock Exchange recorded a trading volume of 8,908,413,019 shares, down from 10,276,749,913 in October 2025 but up from 7,986,209,101 in November 2024 [6] - The value of trades on the Toronto Stock Exchange in November 2025 was $325,825,113,125, down from $359,530,835,199 in October 2025 and up from $260,757,004,269 in November 2024 [6] - The number of transactions was 23,960,280 in November 2025, compared to 27,510,977 in October 2025 and 19,643,417 in November 2024 [6] TSX Venture Exchange Performance - The TSX Venture Exchange saw a trading volume of 4,048,567,315 shares in November 2025, down from 6,622,291,383 in October 2025 and up from 2,864,394,117 in November 2024 [10] - The value of trades was $3,431,901,111 in November 2025, down from $6,100,705,074 in October 2025 and up from $1,372,153,132 in November 2024 [10] - The number of transactions was 1,591,029 in November 2025, down from 2,567,858 in October 2025 and up from 732,906 in November 2024 [10] TSX Alpha Exchange Performance - The TSX Alpha Exchange recorded a trading volume of 1,221,120,861 shares in November 2025, down from 1,893,812,483 in October 2025 and up from 1,154,006,820 in November 2024 [14] - The value of trades was $18,065,379,256 in November 2025, down from $22,249,060,790 in October 2025 and up from $17,538,591,868 in November 2024 [14] - The number of transactions was 2,430,819 in November 2025, compared to 2,314,065 in October 2025 and 1,841,692 in November 2024 [14] Montréal Exchange Performance - The Montréal Exchange reported a derivatives volume of 20,484,351 contracts in November 2025, up from 19,430,481 in October 2025 and slightly up from 19,576,991 in November 2024 [22] - Open interest in contracts was 33,839,881 in November 2025, up from 33,112,659 in October 2025 and significantly up from 23,771,795 in November 2024 [22] Year-to-Date Statistics for Montréal Exchange - Year-to-date volume for 2025 was 214,478,368 contracts, a 19.3% increase from 179,706,965 contracts in 2024 [23] - Open interest year-to-date was 33,839,881 contracts, up 42.4% from 23,771,795 in 2024 [23]

Core Points - Japan's exchange chief is urging Nidec to act swiftly to enhance internal controls due to recent accounting and reporting issues that jeopardize the company's listing status [1] Group 1 - The exchange chief's call for Nidec to improve internal controls highlights the urgency of addressing the company's financial governance [1] - Nidec faces potential delisting risks stemming from its current accounting and reporting troubles, indicating significant operational challenges [1]

Group 1 - The ASX Limited bungle affected as many as 80 companies at the start of Week 49 [1] - There is a noted early Christmas malaise impacting the market sentiment [1] - Recent Australian GDP figures were discussed, indicating significant economic insights [1] Group 2 - Perseus Mining (ASX:PRU) is involved in a deal with Predictive Discovery (ASX:PDI) and Robex Resources (ASX:RXR) [2]

Core Viewpoint - The Australian Securities Exchange (ASX) is facing scrutiny from investors and market participants following a recent outage, raising concerns about its technology turnaround plan and operational resilience [1][2][5]. Group 1: Recent Outages and Impact - Approximately 80 companies experienced trading halts due to the ASX's announcement platform failure, preventing the publication of hundreds of price-sensitive disclosures [2]. - The recent outage is part of a series of technology failures that have led to reputational risks for the ASX, highlighting governance and operational resilience issues critical for market integrity [2][5]. - The ASX attributed the outage to a software deployment for a security upgrade, which was gradually restored during the trading session [3][4]. Group 2: Investor Sentiment and Reactions - Investors express disappointment over the continued technology issues, questioning the ASX's ability to deliver on its promises and ease regulatory burdens [6]. - Market participants, including Opal Capital's founder, emphasize the embarrassment of repeated incidents and the significant work needed for a successful turnaround [3][6]. - ASX chair David Clarke previously stated that the technology upgrade plan is crucial and cannot afford to fail, yet investor confidence remains shaky following the latest incident [5].

Core Insights - Nasdaq is preparing to list tokenized stocks pending regulatory approval from the SEC, aiming to enhance options for companies and investors [2][3] - The London Stock Exchange Group (LSEG) has invested approximately £100 million in blockchain infrastructure to support its Digital Markets Infrastructure [5][6] Group 1: Nasdaq's Initiatives - Nasdaq has proposed a rule change to the SEC to allow the listing of tokenized securities, indicating a strong commitment to on-chain finance [2][3] - The company is ready to act quickly on tokenized stocks once it receives SEC approval, emphasizing the importance of shareholder rights regardless of the underlying technology [3][7] - Nasdaq's strategy involves collaborating with technology firms like Securitize and Superstate for the technical aspects of tokenization [3] Group 2: LSEG's Developments - LSEG launched its Digital Markets Infrastructure in September, which utilizes a private ledger developed in partnership with Microsoft, focusing initially on private funds [5][6] - The group has allocated around £100 million for further development of its blockchain infrastructure, although listing tokenized shares is not currently a priority [6][7] - LSEG's approach contrasts with Nasdaq's, as it aims to establish the foundational infrastructure for tokenization rather than just listing tokenized assets [4]

SYDNEY, Dec 1 (Reuters) - The Australian Securities Exchange (ASX) was hit by an outage to its announcements platform on Monday, the latest ​setback for the stock exchange operator that is already under scrutiny from regulators over its ‌governance and ability to deliver market infrastructure. Here is a look at the major outages and regulatory investigations the ASX has faced in recent ‌years: August 2025 - Naming mix-up The ASX incorrectly tagged one of the country's top internet providers in an unrela ...