IPOs fuel hope for SGX after quiet Q4

Derivatives not expected to offset equity weakness in final fiscal quarter

Published Thu, Jul 17, 2014 · 10:00 PM
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AN early wave of new listings is fuelling hope for Singapore Exchange (SGX) even as the market operator is expected to post weaker fourth-quarter and full-year results at the end of the month.

"The last three months have been a bit more quiet, so I don't think it will be a very interesting quarter," OCBC head of research Carmen Lee said. "The first half we saw a lot of mergers and acquisitions, second half I hope that more people will come to the market."

SGX, which will announce its full-year results on July 31, entered the April-June fourth quarter already hobbled. Net profit for the nine-months to March 31 was down 2.1 per cent at S$243 million following a sharp …

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