SINGAPORE (May 24): Singapore Exchange’s (SGX) impending tie-up with the Infocomm Media Development Authority (IMDA) will deepen the former’s so-called “sector approach” with four industries including technology, the focus of its listings strategy, says RHB analyst Leng Seng Choon in a Wednesday report.

The research house has assumed a FY18 securities average daily value (SADV) of $1.35 billion and maintains a “buy” recommendation on SGX, with a target price of $9.10.

Earlier on Tuesday, Bloomberg published an article claiming that SGX is nearing a deal with the technology regulator to develop a system designed to encourage local startups to list on the bourse.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook