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Singapore Exchange (SGX)
Broker's Calls
SGX 'leaning on' FX, commodities as equities business stays 'unexciting': analysts
“Despite robust growth from the FICC segment, we reckon that there are no near-term catalysts to justify a higher valuation.”
February 06, 2024
Broker's Calls
Following SGX's 1HFY2024 results, Citi urges 'sell', Maybank and OCBC maintain 'hold'
With 3.8% yield versus 5.7% for the STI, the value proposition as a growth stock versus a yield stock is “unclear at this time”.
February 02, 2024
Results
SGX enjoys FX, iron ore derivatives boost in 1HFY2024; insists spac rules 'work'
“For a good de-spac, you also need a conducive IPO environment. Clearly, that hasn’t really been there in the last two years.”
February 01, 2024
SPACs
Pegasus Asia to dissolve its spac. Will Novo Tellus follow suit? (update)
Should the spacs be dissolved, investors’ funds will be returned.
December 20, 2023
Broker's Calls
RHB stays 'neutral' on SGX as 'the disappointment continues'
RHB notes increased trading activity on the Singapore Exchange in November, but securities data still remains below estimates.
December 14, 2023
Broker's Calls
RHB keeps SGX's TP unchanged despite its securities turnover, daily average value running 'well below estimates'
Despite factoring in a mid-single digit percentage growth in dividends, SGX’s yield is well below the market yield of 5.6%.
October 23, 2023
Tong's Portfolio
Stating the obvious: Stock prices can only perform with sustained profit growth and positive prospects
A poor-performing stock market is, rightly, a major concern.
October 19, 2023
IPO
Will new wave of listings sway the crowd?
A slate of new SGX listings is poised to take place. Can the momentum continue?
October 05, 2023
IPO
IPO aspirants range from manpower for wind power to artists for Assassins
WinKing Studios, Sheffield Green and LYC Medicare are some of the IPO aspirants.
October 05, 2023
Broker's Calls
SGX's near-term growth outlook could see downside risk, RHB maintains 'neutral'
Macroeconomic uncertainty will weigh on new IPO listings and cash equity trading volume, says RHB.
September 15, 2023