- We revise our financial model for Singapore Exchange (SGX:S68) to include half-yearly forecasts and increase our FY23-25F (Jun) EPS by 3-5% to account for higher treasury income and one-off income in 1HFY23.
- - Read this at SGinvestors.io -
- SGX's forward P/E is close to its historical average, which we believe is a fair valuation level.
Key assumptions for SGX financial forecasts
- Our revised financial forecasts are based on securities daily average value (SDAV) assumptions of S$1,119m, S$1,175m and S$1,234m for FY23–25F and derivatives daily average volume (DDAV) assumptions of S$1.05m, S$1.10m, and S$1.16m for the same forecast period.
- - Read this at SGinvestors.io -
SGX's growth drivers.
- Read more at SGinvestors.io.
Shekhar Jaiswal RHB Securities Research | https://www.rhbgroup.com/ 2023-05-05
Read also RHB's most recent report:
2023-07-14 Singapore Exchange (SGX) - Mark To Market For FY23 Operating Statistics.
Previous report by RHB:
2023-06-15 Singapore Exchange (SGX) - Monthly Trading Data Continues To Disappoint.
Price targets by 6 other brokers at SGX Target Prices.
Listing of research reports at SGX Analyst Reports.
Relevant links:
SGX Share Price History,
SGX Announcements,
SGX Dividends & Corporate Actions,
SGX News Articles
