Singapore Exchange's Strong Operating Data May Bode Well for Earnings -- Market Talk

Dow Jones06-12

0538 GMT - Singapore Exchange's strong operating data for the February-May period may bode well for earnings, RHB Research analyst Shekhar Jaiswal says in a research report. SGX's derivatives business remains strong, with derivatives daily average volume up 8% on year so far in FY 2024, the analyst notes. SGX has said its securities daily average value surged amid robust activity around corporate earnings, with its SDAV up 22% on year in May, the analyst says. RHB boosts its FY 2024-2026 earnings estimates for SGX by 1.4% each year, and raises the stock's target price to S$10.40 from S$10.00 with an unchanged neutral rating. Shares are 0.4% lower at S$9.53. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

June 12, 2024 01:38 ET (05:38 GMT)

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SGX's derivatives business...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"S68.SI","symbol_name":"新加坡交易所","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2442012283","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2442012283","pubTimestamp":1718170680,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0538 GMT - Singapore Exchange's strong operating data for the February-May period may bode well for earnings, RHB Research analyst Shekhar Jaiswal says in a research report. 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