Singapore Exchange 03 (Feb 11 - Dec 24)

Re: Singapore Exchange 03 (Feb 11 - Dec 16)

Postby winston » Thu Oct 20, 2016 2:19 pm

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Seasonally lower costs provide respite

Highlights

Total revenue declined 13.1% y-o-y to S$190.8mn and PATMI declined 16.3% y-o-y to S$83.1mn

Operating costs declined 8.4% y-o-y owing to seasonal costs savings

Interim dividend of 5 cents per share (unchanged) proposed.

Maintain “Accumulate” with lower TP of S$7.69

Source: Phillips

http://internetfileserver.phillip.com.s ... 161020.pdf
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Re: Singapore Exchange 03 (Feb 11 - Dec 16)

Postby winston » Fri Oct 21, 2016 10:13 am

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Singapore Exchange Limited - Seasonally lower costs provide respite

Recommendation: Accumulate (Maintained), Last Close Price: S$7.22
Target Price: S$7.69, Analyst: Jeremy Teong

Total revenue declined 13.1% y-o-y to S$190.8mn and PATMI declined 16.3% y-o-y to S$83.1mn

Operating costs declined 8.4% y-o-y owing to seasonal costs savings

Interim dividend of 5 cents per share (unchanged) proposed.

Maintain “Accumulate” with lower TP of S$7.69

Source: Phillips
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Re: Singapore Exchange 03 (Feb 11 - Dec 16)

Postby winston » Mon Jan 16, 2017 11:04 am

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Singapore Exchange (SGX SP): BUY
Market Cap: US$5,543m
Average Daily Value: US$9.55m
Last Traded Price: S$7.39; Price Target: S$8.30 (Upside 12.3%) (Prev S$7.60)

Silver lining in sight

Upgrade to BUY on improved market activity and cyclical upturn in the Singapore economy
Expect earnings growth of 11% in FY18F and a further 8% in FY19F
Target price lifted to S$8.30; dividend yield of 4% is attractive

Major Shareholders (%)
SEL Holdings Pte Ltd 23.4
Japan Exchange Group 5.0


Source: DBS

https://researchwise.dbsvresearch.com/R ... egdhkfdhjg
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Re: Singapore Exchange 03 (Feb 11 - Dec 17)

Postby winston » Wed Jan 18, 2017 8:55 am

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Here are a few good reasons to invest in SGX

By Gwyneth Yeo

SINGAPORE (Jan 17): DBS Group Research believes the worst is nearly over for the Singapore economy, given the signs of a recovery in loan growth after a year of contraction, as well as the manufacturing sector’s growing purchasing manager’s index (PMI).

That means an upturn is in sight, which bodes well for the Singapore Exchange.

SGX has already started seeing an improvement in its numbers, with turnover value increasing 10%, reversing from the two previous quarters of decline. At the same time, trading volumes had risen 23%.

Derivatives have also started to stabilise from two quarters of declines and DBS analysts Ling Lee Keng and Lim Sue Lin expect the segment to be SGX’s main growth driver while the bourse attempts to improve liquidity in its securities segment.

“Boosting liquidity is one of the key priorities,” note Ling and Lim. “We believe these priorities would lead to an increase in market participants and drive market activity higher.

SGX is also working on the regulatory front to further enhance the corporate governance of SGX.”

SGX shares are also trading at 20 times forward earnings, which is a discount to its peers like Bursa Malaysia and the Hong Kong Stock Exchange who are trading at 22 times and 33 times forward earnings respectively.

As such, the brokerage has upgraded SGX from a “hold” rating to a “buy” rating, with a higher target from $7.60 to $8.30.

Shares in SGX closed 2 cents higher at $7.46.

Source: The Edge

http://smr.theedgemarkets.com/article/h ... 4-87358173
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Singapore - Market Direction 11 (Nov 14 - Dec 17)

Postby behappyalways » Wed Feb 08, 2017 10:37 pm

Singapore Said to Plan Slew of Incentives to Lure Aramco Listing
https://www.bloomberg.com/news/articles ... co-listing


snagging-aramco-won-t-be-easy-singapore
https://www.bloomberg.com/gadfly/articl ... -singapore
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Re: Singapore Exchange 03 (Feb 11 - Dec 17)

Postby behappyalways » Wed Mar 29, 2017 6:51 pm

Singapore not ready for 'radical' IPOs like Snap, says local exchange
http://www.cnbc.com/2017/03/28/singapor ... hange.html
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Re: Singapore Exchange 03 (Feb 11 - Dec 17)

Postby behappyalways » Fri Apr 21, 2017 10:32 am

SGX 3Q earnings down 7% to $83 mil on one-off loss, lower revenue
http://www.theedgemarkets.com.sg/articl ... er-revenue
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Re: Singapore Exchange 03 (Feb 11 - Dec 17)

Postby winston » Fri Apr 21, 2017 10:50 am

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SGX: Derivatives the main drag

Singapore Exchange (SGX) posted a 6.8% YoY drop in 3QFY17 net earnings to S$83.06m, bringing 9-month profits to S$254.46m, down 6.5%.

The Derivatives segment was the main drag as revenue fell 8.6% YoY to S$75.2m due to a drop in volume.

A 5 cents dividend was declared for the quarter and payable on 8 May 2017.

While the global outlook is improving, on the local front, we expect corporate earnings outlook to be muted and we are expecting a flat 4QFY17 for SGX.

Management maintains its FY17 guidance for operating expenses of S$405m-S$415m with technology-related capital expenses at S$65m-S$70m.

We have cut our FY17 estimates, and dropped our fair value estimate to S$7.53.

Yield is still decent at 3.76% based on 28 cents payout.

Source: OCBC
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Re: Singapore Exchange 03 (Feb 11 - Dec 17)

Postby behappyalways » Wed Jul 19, 2017 12:18 pm

singapore-exchange-reinstates-lunch-time-break
https://www.theedgesingapore.com/singap ... time-break
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Re: Singapore Exchange 03 (Feb 11 - Dec 17)

Postby behappyalways » Fri Jul 28, 2017 5:07 pm

reports-fy17-earnings-340-mil-expects-asian-market-activities-return-higher-levels-past-years
https://www.theedgesingapore.com/report ... past-years
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