DBS Says BUY Singapore Exchange. The Forensic Numbers Say Something Else🦖

The Investing Iguana
06-27 18:20

DBS Says BUY Singapore Exchange. The Forensic Numbers Say Something Else🦖

SGX’s balance sheet looks like a fortress, but the dividend cheque landing in your CPF or SRS account tells a very different story. At a market peak, the institutions are cheering record trading volume and a 34-times forward multiple while the actual yield has quietly collapsed to 1.6 percent, below your CPF Special Account. When the operator of the whole market pays less income than the system designed to protect your retirement, something fundamental has broken in the story retail investors are being sold.

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