Brokers' take
Add BT as a preferred sourceSingapore Exchange > Buy OCBC Investment Research, June 1 June 1 close: S$7.23 Fair value: S$7.89
IN THE last few months, the National Stock Exchange of India (NSE) has been battling with the Singapore Exchange (SGX) over Indian derivatives. This has taken a toll on SGX's share price. At the high this year, the stock was trading at S$8.50, but has since dropped to as low as S$7.10 - down S$1.40 or 16.5 per cent.
We are of the view that the correction is overdone and has more than priced in the potential hit on earnings.
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