Singapore Exchange's Currencies, Commodities Segment Growth Likely To Slow -- Market Talk

Dow Jones2024-12-11

0251 GMT - Singapore Exchange's performance in the currencies and commodities segments will likely slow down in 2H of fiscal 2025, Roy Van Keulen, analyst at Morningstar writes in a note. The likelihood of U.S. tariffs and lingering economic pressures continue to weigh on investor sentiment and equity trading volumes, he says. There is weakness in equity markets particularly in Singapore, which is influenced by China's economic woes, he adds. He notes that SGX's stock has risen around 30% since August 2024, as the market recognizes the benefits of derivative-based exchanges against a backdrop of election volatility, and now trades close to fair value. As such, Morningstar raises its fair value estimate by 3% to S$13.10. Shares are 0.6% lower at S$12.43. (kimberley.kao@wsj.com)

(END) Dow Jones Newswires

December 10, 2024 21:51 ET (02:51 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2490800328?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-12-11 10:51","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2490800328","market":"hk","top_or_hot":-1,"title":"Singapore Exchange's Currencies, Commodities Segment Growth Likely To Slow -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0251 GMT - Singapore Exchange's performance in the currencies and commodities segments will likely slow down in 2H of fiscal 2025, Roy Van Keulen, analyst at Morningstar writes in a note. The likelihood of U.S. tariffs and lingering economic pressures continue to weigh on investor sentiment and equity trading volumes, he says. There is weakness in equity markets particularly in Singapore, which is influenced by China's economic woes, he adds. He notes that SGX's stock has risen around 30% since August 2024, as the market recognizes the benefits of derivative-based exchanges against a backdrop of election volatility, and now trades close to fair value. As such, Morningstar raises its fair value estimate by 3% to S$13.10. Shares are 0.6% lower at S$12.43. (kimberley.kao@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 10, 2024 21:51 ET (02:51 GMT)\n</p>\n<p>\n  Copyright (c) 2024 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>Singapore Exchange's Currencies, Commodities Segment Growth Likely To Slow -- 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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore Exchange's Currencies, Commodities Segment Growth Likely To Slow -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-11 10:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0251 GMT - Singapore Exchange's performance in the currencies and commodities segments will likely slow down in 2H of fiscal 2025, Roy Van Keulen, analyst at Morningstar writes in a note. The ...</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":"2490800328","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2490800328","pubTimestamp":1733885460,"columns":[],"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":"0251 GMT - Singapore Exchange's performance in the currencies and commodities segments will likely slow down in 2H of fiscal 2025, Roy Van Keulen, analyst at Morningstar writes in a note. The likelihood of U.S. tariffs and lingering economic pressures continue to weigh on investor sentiment and equity trading volumes, he says. There is weakness in equity markets particularly in Singapore, which is influenced by China's economic woes, he adds. He notes that SGX's stock has risen around 30% since August 2024, as the market recognizes the benefits of derivative-based exchanges against a backdrop of election volatility, and now trades close to fair value. As such, Morningstar raises its fair value estimate by 3% to S$13.10. Shares are 0.6% lower at S$12.43. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"S68.SI":"新加坡交易所","ES3.SI":"STI ETF","LU1920063259.USD":"FIDELITY FUNDS GLOBAL DIVIDEND PLUS \"A\" (USDHDG) INC","LU2401740654.USD":"FIDELITY SUSTAINABLE GLOBAL DIVIDEND PLUS \"A\" (USD) INC","LU1920062954.HKD":"FIDELITY FUNDS GLOBAL DIVIDEND PLUS \"A\" (HKDHDG) INC","LU0831103253.SGD":"JPMorgan Funds - Asia Pacific Income A (mth) SGD","SG9999003826.SGD":"日兴资管新加坡股息基金 SGD","SGXZ27511609.SGD":"NIKKO AM SINGAPORE DIVIDEND EQUITY \"SGD\" (SGD) ACC","SG9999016042.SGD":"Schroder Singapore Trust A Acc SGD","LU2242646235.USD":"FIDELITY FUNDS GLOBAL DIVIDENDS PLUS \"A\" (USD) ACC","LU2242652126.USD":"FIDELITY FUNDS GLOBAL DIVIDENDS PLUS \"A\" (USD) INC","FSTAS.SI":"富时海峡全股指数","LU0898667661.SGD":"JPMorgan Funds - Asia Pacific Income A (mth) SGD-H","FSTM.SI":"富时海峡中盘指数","LU0877626530.USD":"FIDELITY ASIA PACIFIC DIVIDEND \"A\" (USD) INC MONTHLY (G)","SG9999004360.SGD":"Nikko AM Shenton Thrift Fund SGD","LU0205439572.USD":"富达亚太股息基金","LU0192582467.USD":"SCHRODER ISF ASIAN EQUITY YIELD \"A\" (USD) INC MF","LU1119993845.HKD":"FIDELITY ASIA PACIFIC DIVIDEND \"A\" (HKDHDG) INC","STI.SI":"富时新加坡海峡指数","SG9999000343.SGD":"Schroder Singapore Trust A Dis SGD","LU0188438112.USD":"SCHRODER ISF ASIAN EQUITY YIELD \"A\" ACC","LU2242646821.SGD":"Fidelity Global Dividend Plus A-MINCOME(G)-SGD","BK6516":"银行与投资服务概念","BK6033":"金融交易所和数据","BK6523":"ESG概念","SG9999001846.SGD":"Schroder Asian Equity Yield A Dis SGD","SG9999001135.SGD":"United ASEAN Fund SGD"},"translate_title":"新加坡交易所货币和大宗商品部门增长可能放缓——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"S68.SI":1,"STI.SI":0.6,"FSTM.SI":0.6,"FSTAS.SI":0.6,"ES3.SI":0.6},"content_text":"0251 GMT - Singapore Exchange's performance in the currencies and commodities segments will likely slow down in 2H of fiscal 2025, Roy Van Keulen, analyst at Morningstar writes in a note. The likelihood of U.S. tariffs and lingering economic pressures continue to weigh on investor sentiment and equity trading volumes, he says. There is weakness in equity markets particularly in Singapore, which is influenced by China's economic woes, he adds. He notes that SGX's stock has risen around 30% since August 2024, as the market recognizes the benefits of derivative-based exchanges against a backdrop of election volatility, and now trades close to fair value. As such, Morningstar raises its fair value estimate by 3% to S$13.10. Shares are 0.6% lower at S$12.43. (kimberley.kao@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 10, 2024 21:51 ET (02:51 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"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":"4.29.4","shortVersion":"4.29.4","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/2490800328"}