- 2HFY25 SGX's dividends increased by 11% y-o-y to 19.5 cents with FY25 total dividend at 37.5 cents (+9% y-o-y). SGX will increase dividend by 0.25 cents every quarter from FY26 to FY28.
- - Read this at SGinvestors.io -
- FICC grew by 4% y-o-y, led by continued growth in commodity and currency derivatives volumes and higher OTC FX revenue. Equities revenue rose (+10% y-o-y) from a continued recovery in SDAV and equity derivatives volumes. Treasury income pulled down earnings (-17% y-o-y) from lower average yields on margin deposits as interest rates declined.
The Positives
Currency and Commodities pull up FICC.
- - Read this at SGinvestors.io -
- SGX’s OTC FX continued to surge, with revenue rising 25% y-o-y and headline average daily volume (ADV) rising 29% y-o-y to US$143bn. SGX is guiding OTC FX to have a mid-to-high single-digit % contribution to EBITDA in the medium term (FY25: 5%, FY24: 3%).
SDAV and derivatives volumes continue to recover.
- Read more at SGinvestors.io.
Above is an excerpt from a report by Phillip Securities Research.
Clients of Phillip Capital may be the first to access the full PDF report @ https://www.stocksbnb.com/.
Glenn Thum Phillip Securities Research | https://www.poems.com.sg/ 2025-08-11
Read also Phillip's most recent report:
2026-02-06 Singapore Exchange - Core Volumes Overtake Yield Headwinds.
Price targets by 2 other brokers at SGX Target Prices.
Listing of research reports at SGX Analyst Reports.
Relevant links:
SGX Share Price History,
SGX Announcements,
SGX Dividend Payout Dates & Corporate Actions,
SGX News
