0207 GMT - Brisk trading on Singapore's stock market bodes well for the Singapore Exchange, says RHB Research's Shekhar Jaiswal. He expects the bourse operator's securities daily average value to grow over the next few years as a S$5 billion initiative by the central bank boosts the equities market. Singapore's appeal as a safe haven and optimism around the market's IPO activity should also benefit SGX. He raises SDAV forecasts for FY 2026 and FY 2027, leading to a respective 0.8% and 1.4% uplift in profit estimates. That said, he trims FY 2025 trading value and profit forecasts as activity has eased from the peak reached in April. The brokerage maintains a neutral call on the stock and raises its target to S$16.00 from S$14.10. Shares are 0.4% higher at S$15.23. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
July 06, 2025 22:07 ET (02:07 GMT)
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