- We expect SGX (SGX:S68) to report higher 1HFY24 revenue (+12% y-o-y) and adjusted PATMI (+12% y-o-y), driven by the FICC segment and higher treasury income.
- Both the cash equities and equity derivatives segments are poised to underperform as 1HFY24 total securities traded value and volumes fell respectively. The FICC segment is set to post record-high revenue driven by robust volumes.
- - Read this at SGinvestors.io -
SGX to release 1HFY24 results on 1 Feb 24
- See Earnings Calendar – Singapore Echange (SGX) is set to release its 1HFY24 results on 1 Feb 24, before the market opens. We list some factors below that would impact its upcoming results.
Weak securities turnover.
- - Read this at SGinvestors.io -
- The larger-than-expected y-o-y drop was largely due to elevated interest rates suppressing trading velocity, coupled with ongoing global geopolitical tensions dampening investor sentiment.
- Also, with SGX’s average clearing fee expected to be lower y-o-y, we reckon that this would lead to a 16% y-o-y fall in 1HFY24 cash equities trading and clearing (T&C) revenue to around S$75m.
Stable derivatives volume.
- Read more at SGinvestors.io.
