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Brokers' take
Published Thu, Oct 26, 2017 · 09:50 PM
SGX BUY Target price: S$9 Oct 26 close: S$7.61 RHB, Oct 26
Singapore Exchange (SGX) reported Q1 FY18 (June) net profit of S$91 million, up 9 per cent yoy (year on year). This represents 23 per cent of our FY18 net profit forecast of S$397 million.
Revenue rose 7 per cent and operating expenses increased 5 per cent. Operating profit margin of 52 per cent was one percentage point higher yoy.
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