Near-Term Outlook for Singapore Exchange's Cash-Equity Business Seems Weak -- Market Talk

Dow Jones2023-03-15

0514 GMT - The near-term outlook for Singapore Exchange's cash-equity business appears weak, says RHB Research analyst Shekhar Jaiswal in a research report, lowering the stock's target price to S$8.60 from S$9.40 with an unchanged neutral rating. SGX's cash-equity business is likely to continue to underperform amid slowing global economic growth, with RHB lowering its FY 2023 estimate for SGX's securities daily average value by 3%. Also, delays in major new equity listings amid low market valuations further reduce room for a sharp increase in SGX's SDAV, says RHB, which trims its FY 2023-2025 profit estimates for SGX by 3%. Shares are 0.5% lower at S$8.67. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

March 15, 2023 01:14 ET (05:14 GMT)

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Comments

KukuSaguru
2023-04-03
KukuSaguru
,,,
BK99
2023-03-30
BK99
Again RHB
BK99
2023-03-24
BK99
RHB your analysis and predictions are out of scope
BK99
2023-03-24
BK99
Again RHB assessment and analysis very weak indeed

Leave a comment

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(ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 15, 2023 01:14 ET (05:14 GMT)\n</p>\n<p>\n  Copyright (c) 2023 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Near-Term Outlook for Singapore Exchange's Cash-Equity Business Seems Weak -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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(ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 15, 2023 01:14 ET (05:14 GMT)\n\n\n  Copyright (c) 2023 Dow Jones & Company, Inc.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9941545557,"gmtCreate":1680491969780,"gmtModify":1680491973423,"author":{"id":"4101342491315650","authorId":"4101342491315650","name":"KukuSaguru","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4101342491315650","authorIdStr":"4101342491315650"},"htmlText":",,,&nbsp;&nbsp;","listText":",,,&nbsp;&nbsp;","text":",,,","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941545557","repostId":2319323862,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9941853971,"gmtCreate":1680148237594,"gmtModify":1680148241271,"author":{"id":"3582154836923956","authorId":"3582154836923956","name":"BK99","avatar":"https://community-static.tradeup.com/news/135c1133415675c1298dfbb871606910","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3582154836923956","authorIdStr":"3582154836923956"},"htmlText":"Again RHB&nbsp;","listText":"Again RHB&nbsp;","text":"Again RHB","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941853971","repostId":2319323862,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9943482263,"gmtCreate":1679633562052,"gmtModify":1679633565832,"author":{"id":"3582154836923956","authorId":"3582154836923956","name":"BK99","avatar":"https://community-static.tradeup.com/news/135c1133415675c1298dfbb871606910","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3582154836923956","authorIdStr":"3582154836923956"},"htmlText":"RHB your analysis and predictions are out of scope","listText":"RHB your analysis and predictions are out of scope","text":"RHB your analysis and predictions are out of scope","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943482263","repostId":2319323862,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9943413035,"gmtCreate":1679623014327,"gmtModify":1679623019355,"author":{"id":"3582154836923956","authorId":"3582154836923956","name":"BK99","avatar":"https://community-static.tradeup.com/news/135c1133415675c1298dfbb871606910","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3582154836923956","authorIdStr":"3582154836923956"},"htmlText":"Again RHB assessment and analysis very weak indeed","listText":"Again RHB assessment and analysis very weak indeed","text":"Again RHB assessment and analysis very weak indeed","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943413035","repostId":2319323862,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":1,"commentSize":4,"repostSize":4,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2319323862"}