Singapore Exchange - RHB Research 2026-06-12: Strong Data, Stretched Valuation; Reviewing Estimates

Singapore Exchange: Strong Data, Stretched Valuation; Reviewing Estimates

Published:
SGX (SGX:S68) | SGinvestors.io
  • May 2026 SGX (SGX:S68)'s securities daily average value (SDAV) surged 79%, while derivatives daily average volume (DDAV) surged 27%. The implied 2HFY26 market data is now tracking 8.1% (securities) and 5.7% (derivatives) ahead of our estimates.

  • - Read this at SGinvestors.io -

May 2026 SDAV surged to S$2,412m (+17% m-o-m).

  • May 2026 SDAV surged to S$2,412m (+17% m-o-m) – the highest level since 2007, surpassing Mar 2026's previous record of S$2,401m and confirming that the elevated activity is not a one-off.

  • Total securities turnover reached S$45.8bn (+70% y-o-y) across 19 trading days. The key structural driver remains the broadening of participation beyond blue chips – small and mid-cap (excluding REITs) SDAV rose 24% m-o-m and >4x y-o-y, with institutional investors net buyers for a fifth consecutive month (cumulative 12-month inflows >S$800m).

  • - Read this at SGinvestors.io -
  • On the primary market, SGX welcomed JustCo (SGX:JCO) to its Mainboard, three Catalist companies announced transfers to the Mainboard, and secondary placements by non-REIT issuers raised a combined S$316m.

Derivatives steady; FX and commodities underpin growth.

  • Read more at SGinvestors.io.



Above is an excerpt from a report by RHB Securities Research.
Clients of RHB may be the first to access the full PDF report @ https://www.rhbtradesmart.com/.



Shekhar Jaiswal RHB Securities Research | https://www.rhbgroup.com/ 2026-06-12



Read also RHB's most recent report:
2026-06-26 Singapore Exchange - Higher Forecasts, Same Constraint.

Price targets by 3 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






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