Brokers' take

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.