- For Singapore Exchange (SGX)’s upcoming FY24 results which is expected to be released around mid-Aug, we are forecasting its core PATMI to come in at S$530.1m, which is 2.6% higher than initially forecasted and implies expected growth of 5.3%.
Forecasting slightly stronger core PATMI growth in FY24 than previously expected
- - Read this at SGinvestors.io -
- We forecast SGX's dividends for FY24 to amount to S$0.345, which would translate to an increase of 6.2% and a dividend yield of 3.6%, based on SGX's share price of S$9.48.
- - Read this at SGinvestors.io -
Robust market operating data trend
- Based on SGX's announcement in early Jun, its market operating statistics showed a healthy trend for both securities and derivatives. This was one of the reasons driving our higher revenue forecasts.
- SGX said that for May 2024, open interest (OI) rose to record highs across equity, foreign exchange (FX) and commodity derivatives.
SDAV jumped 22% y-o-y in May 2024
- Read more at SGinvestors.io.
