Near-Term Outlook for Singapore Exchange's Cash-Equity Business Seems Weak -- Market Talk

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Near-Term Outlook for Singapore Exchange's Cash-Equity Business Seems Weak -- Market Talk

Dow Jones2023-03-15

0514 GMT - The near-term outlook for Singapore Exchange's cash-equity business appears weak, says RHB Research analyst Shekhar Jaiswal in a research report, lowering the stock's target price to S$8.60 from S$9.40 with an unchanged neutral rating. SGX's cash-equity business is likely to continue to underperform amid slowing global economic growth, with RHB lowering its FY 2023 estimate for SGX's securities daily average value by 3%. Also, delays in major new equity listings amid low market valuations further reduce room for a sharp increase in SGX's SDAV, says RHB, which trims its FY 2023-2025 profit estimates for SGX by 3%. Shares are 0.5% lower at S$8.67. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

March 15, 2023 01:14 ET (05:14 GMT)

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KukuSaguru
·2023-04-03
,,,
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BK99
·2023-03-30
Again RHB
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BK99
·2023-03-24
RHB your analysis and predictions are out of scope
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BK99
·2023-03-24
Again RHB assessment and analysis very weak indeed
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(ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 15, 2023 01:14 ET (05:14 GMT)\n\n\n  Copyright (c) 2023 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":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9941545557,"gmtCreate":1680491969780,"gmtModify":1680491973423,"author":{"id":"4101342491315650","authorId":"4101342491315650","name":"KukuSaguru","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"4101342491315650","idStr":"4101342491315650"},"htmlText":",,,&nbsp;&nbsp;","listText":",,,&nbsp;&nbsp;","text":",,,","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941545557","repostId":2319323862,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9941853971,"gmtCreate":1680148237594,"gmtModify":1680148241271,"author":{"id":"3582154836923956","authorId":"3582154836923956","name":"BK99","avatar":"https://community-static.tradeup.com/news/135c1133415675c1298dfbb871606910","vip":1,"crmLevel":6,"crmLevelSwitch":0,"authorIdStr":"3582154836923956","idStr":"3582154836923956"},"htmlText":"Again RHB&nbsp;","listText":"Again RHB&nbsp;","text":"Again RHB","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941853971","repostId":2319323862,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9943482263,"gmtCreate":1679633562052,"gmtModify":1679633565832,"author":{"id":"3582154836923956","authorId":"3582154836923956","name":"BK99","avatar":"https://community-static.tradeup.com/news/135c1133415675c1298dfbb871606910","vip":1,"crmLevel":6,"crmLevelSwitch":0,"authorIdStr":"3582154836923956","idStr":"3582154836923956"},"htmlText":"RHB your analysis and predictions are out of scope","listText":"RHB your analysis and predictions are out of scope","text":"RHB your analysis and predictions are out of scope","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943482263","repostId":2319323862,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9943413035,"gmtCreate":1679623014327,"gmtModify":1679623019355,"author":{"id":"3582154836923956","authorId":"3582154836923956","name":"BK99","avatar":"https://community-static.tradeup.com/news/135c1133415675c1298dfbb871606910","vip":1,"crmLevel":6,"crmLevelSwitch":0,"authorIdStr":"3582154836923956","idStr":"3582154836923956"},"htmlText":"Again RHB assessment and analysis very weak indeed","listText":"Again RHB assessment and analysis very weak indeed","text":"Again RHB assessment and analysis very weak indeed","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943413035","repostId":2319323862,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":1,"commentSize":4,"repostSize":4,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}