- We upgraded our rating on Singapore Excange (SGX) to ‘BUY’ on 10 Apr 2025 given our expectations that it would be a beneficiary of the heavier-than-average trading volume on the local bourse, coupled with a pullback in its share price then given broad equity market weakness from the tariff situation. See report: SGX - Expect Increased Trading Activities From Market Volatility
SGX's share price has rebounded strongly.
- - Read this at SGinvestors.io -
- - Read this at SGinvestors.io -
- The value of shares traded was exceptionally high on 7 Apr (S$4.2b) and 8 Apr (S$3.5b), which were days after the “Liberation Day” tariff announcements by US President Trump. We expect such high trading activity to directly benefit SGX.
- On an average daily basis, the value of shares traded on the Singapore Exchange came in at S$2.03b, S$1.47b, S$1.47b and S$1.03b for Apr (up till 25 Apr), Mar, Feb and Jan 2025, which were 68.8%, 24.7%, 18.4% and 11.9% higher as compared to the S$1.20b, S$1.18b, S$1.24b and S$0.92b recorded in Apr, Mar, Feb and Jan 2024.
Increase our fair value estimate to S$14.78
- Read more at SGinvestors.io.
