To The Moon

🌟🌟🌟Singapore Exchange or SGX $SGX(S68.SI)$  for short is Singapore's only stock exchange where companies can list their shares for investors to buy and sell.  Therefore the SGX has a wide moat in Singapore.

SGX share price reached a 52 week high in mid October at  SGD 11.85 and is up 16.5% year todate. In 2023 SGX has risen 21.3%.

On August 8, SGX reported FY2024 adjusted profit of SGD 525.9 million, 4.5% higher from previous year of SGD 503.2 million.  Adjusted EBITDA was up at SGD 711.6 million compared to previous year at SGD 688.6 million.  Adjusted earnings per share was 49.2 cents compared to previous year of 47.1 cents.

Revenue increased 3.1% to SGD 1231.7 million versus previous year's revenue of SGD 1194.4 million.  This was attributed to higher revenues from Currencies and Commodities and Platform.

The Board of Directors has proposed a final quarterly dividend of 9 cents per share which has risen 5.9% compared to previous year of 8.5 cents per share.  The current dividend yield is 3.02%.  SGX goes ex dividend on November 9.

Trading activities across multi asset classes continue to accelerate in September 2024.  SGX 's securities turnover is at the highest level since March 2022 at SGD 1,447 million.  Derivatives daily average volume and derivatives traded volume reached its highest level in 4.5 years.  There is also record FX future volumes and OTC FX volume growth, in particular FTSE China A50 Index Futures saw exceptional growth of over 60% year over year and month over month.

In October 2024, trading volumes in SGX have continued to see increased momentum. 

I believe that with the cutting of interest rates by the Feds, there will be more inflows towards emerging markets like the ASEAN.  SGX's securities trading volumes will also increase.   Another catalyst for growth is the Chinese Authorities' stimulus package as well as the Middle East tensions which would benefit SGX. 

There is currently a review by the Monetary Authority of Singapore to strengthen Equities market development in Singapore especially to encourage more IPO listings in the SGX. 

On October 30, SGX has introduced 5 new Hong Kong SDRs.  SDRs are financial instruments that represent ownership in a foreign stock or security.  The concept is similar to American depository receipts of non US companies listed on the US stock exchanges. 

The 5 SDRs are Alibaba $Alibaba HK SDR 5to1(HBBD.SI)$ Tencent$ Tencent HK SDR 10to1(HTCD.SI)$ HSBC$HSBC HK SDR 5to1(HSHD.SI)$ BYD $BYD HK SDR 10to1(HYDD.SI)$ and Bank of China (HBND). 

This will increase accessibility and affordability for investors in Singapore and should be beneficial to SGX. 

Financial analysts are bullish on SGX with a Buy rating, Target price ranging from SGD 12.80 to SGD 10.20.  DBS Analyst is particularly bullish on SGX as it believes that SGX's revenue drivers across all asset classes will continue to power on. 

I am a long term investor of SGX for almost 4 years.  In that time I have seen SGX's share price drop to as low as SGD 8.87 and its recent high of SGD 11.85.  I have full conviction in SGX because I believe that it has a wide moat and is set for exponential growth in the future as Singapore's strength is in its world class financial services with AAA- rating.  Temasek Holdings, Singapore's sovereign fund is the majority shareholder with 45% stake in SGX. 

Investing in SGX is investing in the future of Singapore as a world class financial centre.  As a Singaporean, I am proud to invest in SGX as it powers its way to a better future. 

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

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