Brokers' take
Singapore Exchange (SGX) | Buy (upgraded) Aug 1 close: S$7.78 Target price: S$8.30 DBS Equity Research, Aug 1
We believe SGX will continue to benefit from strong demand for risk management instruments amid the uncertain market environment. It has delivered record derivatives performance in the last few quarters, offsetting the slower equities business.
Going forward, SGX targets to double revenue from its data, connectivity and indices, as well as fixed income, currencies, commodities segments in the next five years as SGX looks into bolt-on acquisitions to fuel growth.
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