- Singapore Exchange (SGX) reported 1HFY24 operating revenue of S$592.2m, representing y-o-y growth of 3.6%. This was driven largely by its Fixed Income, Currencies and Commodities (FICC) business (+28.1% y-o-y) and to a smaller extent its Platform and Others segment (+8.0%), but partially offset by declines seen at its Equities – Cash (-5.6% y-o-y) and Equities – Derivatives (-6.9% y-o-y) segments.
1HFY24 core PATMI grew 6.2% y-o-y to S$251.4m and met our expectations –
- - Read this at SGinvestors.io -
- Adjusting for one-off items, SGX’s core PATMI for 1HFY24 would have increased by 6.2% y-o-y to S$251.4m. This accounted for 48.6% of our FY24 forecast, which we deem to be within expectations.
- - Read this at SGinvestors.io -
Commodity & currency derivatives the main growth driver
- Read more at SGinvestors.io.
Above is the excerpt from report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full report in PDF @ https://www.iocbc.com/.
OCBC Research Team OCBC Investment Research | https://www.iocbc.com/ 2024-02-01
Read also OCBC's most recent report:
2024-07-01 Singapore Exchange - Expecting Slightly Stronger Core Earnings Growth.
Price targets by 4 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
