SGX Jumps 3.55%; Macquarie Upgrades Singapore Exchange to Outperform from Neutral; Price Target is SG$13.70

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SGX Jumps 3.55%; Macquarie Upgrades Singapore Exchange to Outperform from Neutral; Price Target is SG$13.70

MT Newswires04-09

Singapore Exchange (SGX:S68) has an average rating of hold and mean price target of SG$12.92, according to analysts polled by FactSet.

SGX jumps 3.55% at 2:11 pm, Apr 10th.

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KienBoon
·04-11
Good news indeed for SGX. Understand that its revenue (40%) from derivative products is quite significant in comparison to other exchanges like Hong Kong Exchange, etc. It is practical and viable to diversify stock exchange businesses to achieve optimum revenue. This is proven by the surge in derivative volume this week in view of the global selloff issue (BT news: 11Apr). Hope management will continue to innovate SGX businesses in moving forward. Hence generating increase interest from retail/institution investors on SGX shares for the longer term investment.
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