$SINGAPORE EXCHANGE LIMITED(S68.SI)$Had written a little about SGX on 2 Oct 2022. As the share price has closed much lower since, thought I will write a follow up from the Early Oct post.

Year-to-date, Singapore Exchange Limited (SGX) has fallen about 8.5%. Even at its lowest during COVID-19 year of 2020, it was $8.05. Thus, when SGX closed at $8.60 on Friday 14 Oct, now trading  on 17th oct 10am at $8.48 it seemed like a good time to DCA and slowly accumulate. Several  analysts  has indicated a target price of abt $11, which gives a potential upside of 30%. It’s annual dividends in the last 10 years averages at 3.6% (about $0.30); even during the financial crisis of 2008 and COVID-19 in 2020/2021. Thus, my personal thoughts is that even if SGX share price does not rebound to your target sell price, it is a good counter to keep for above average dividends (higher than the November Singapore Savings Bond). I remain confident of SGX since it is a monopoly, being the only stock exchange market for Singapore. This non-competitor status coupled with creative partnerships such as the recent collaboration with the New York Stock Exchange to explore the dual listing of companies and launched the NSE IFSC-SGX Connect to allow the trading and clearing of derivatives for global institutions does help to maintain the strong moat or rather a very deep and very wide moat as it is irreplaceable, .