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RHB upgrades SGX to 'buy' on expected rise in trading

It also raises target price to S$9.20 from S$8.60 on bourse operator's strong securities average daily value recently

Published Thu, Jun 25, 2020 · 09:50 PM

Singapore

RHB on Wednesday upgraded its rating on the Singapore Exchange (SGX) to "buy" from "neutral", and raised its target price to S$9.20 from S$8.60 on the bourse operator's strong securities average daily value (SADV) in recent weeks, as well as expected trading increases.

Shares of SGX were trading at S$8.04 at Thursday's close, down S$0.06 or 0.7 per cent.

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