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DBS raises SGX target price to S$9.60, maintains 'buy' call

SGX's 186m euro acquisition of Scientific Beta, a smart beta index firm, is set to propel the bourse operator's index business, says DBS.


DBS Group Research has raised its target price for the Singapore Exchange (SGX) to S$9.60, up from S$8.90 previously, while maintaining its "buy" call on the stock.

In a research note on Friday, DBS noted that SGX's 186 million euro (S$280 million) acquisition of...