Singapore Exchange - A Solid Singapore Stock

🌟🌟🌟$SGX(S68.SI)$  is the only stock exchange in Singapore and has a wide economic moat.  The  Singapore Stock Exchange is Asia's most international, multi asset exchange, providing listing, trading, clearing, settlement, depository, data and index services. 

On 8 August, SGX has just reported its FY 2024 earnings results with a Net Profit of SGD 525.9 million, up 4.5% from previous year of SGD 503.2 million.  Adjusted EBITDA has risen to SGD 711.6 million from SGD 688.6 million in the previous year.  Adjusted Earnings per share was 49.2 cents compared to 47.1 cents in the previous year. 

Revenue increased 3.1% to SGD 1231.7 million, mainly driven by higher revenues from Currencies and Commodities as well as Platform and Other segments.  This has partially offset the lower Equities - Cash and Equities - Derivatives revenue. 

The Board of Directors has proposed a final quarterly dividend of 9 cents, up 5.9% from the previous year.  It goes ex Dividend on 17 October 2024 and will be paid on 25 October 2024.  The current dividend yield is 3.5%.

Performance wise SGX is currently on an uptrend.  Its share price is up 5.7% in the last 5 days, hitting a 52 week high of SGD 10.40 today.   In 2023, SGX rose 7%.  But if we look back 5 years ago, SGX has risen by 26% and since its inception in December 1999, it has jumped 311%.

SGX's largest shareholder is Temasek Holdings with 23% ownership. SGX is a holding within the $STI ETF(ES3.SI)$  so it is a blue chip stock. 

I have bought SGX since 2022 and seen it grown steadily since then.  What I like best about SGX is the steady and regular dividends which are paid every quarter.

I also like that SGX is the only stock exchange in Singapore and is well positioned due to Singapore 's status as a dynamic financial centre. 

SGX is part of my long term holding together with the 3 Singapore Banks, $DBS Group Holdings(D05.SI)$  $ocbc bank(O39.SI)$  and $UOB(U11.SI)$  as I believe that these stocks will continue to grow slow and steadily into the future. 

Go Long Go Strong Go SGX!😍😍😍🇸🇬🇸🇬🇸🇬 🚀🚀🚀🌛🌛🌛🌈🌈🌈💰💰💰

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