Brokers' take

Singapore Exchange (SGX) | Buy (maintained) March 13 close: S$7.26 Price target: S$8.20 Jefferies Singapore, March 12

While we acknowledge that increased weighting of China in MSCI EM indices is a key development and expected launch of MSCI China A Index futures is a credible threat, we are not overly concerned.

SGX has faced such competition time and again. There were concerns about China A50 futures when CES China 120 futures was launched in 2013. Iron ore contracts were under threat when CME launched competing products in 2014…