SGX's 1HFY25 core profit after tax and minority interests (PATMI) jumped 27.3% y-o-y to S$320.1m. Interim quarterly dividend per share (DPS) of 9.0 Singapore cents declared, resulting in 1HFY25 DPS of 18.0 Singapore cents, an increase of 5.9% y-o-y.
1HFY25 core PATMI jumped 27.3% y-o-y to S$320.1m and beat our expectations
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Growth was broad-based, as operating revenue grew 21.9%, 19.8%, 13.8% and 1.8% for its Equities-Cash, Equities-Derivatives, Fixed Income, Currencies and Commodities (FICC) and Platform and Others segments respectively.
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Headline PATMI jumped 20.7% y-o-y to S$340.0m and after adjusting for one-off items, core PATMI surged 27.3% y-o-y to S$320.1m. This accounted for 56.2% of our initial FY25 forecast.
1HFY25 dividend of S$0.18 declared, representing an increase of 5.9% y-o-y
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Above is an excerpt from a report by OCBC Investment Research. Clients of OCBC Securities may be the first to access the full PDF report @ https://www.iocbc.com/.
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