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SGX shares perk up amid broker's upbeat report

Goldman Sachs sees solid, sustained earnings growth over the next two years; exchange says it is not aware of any reason for the unusual trading activity

Published Tue, Dec 9, 2014 · 09:50 PM

Goldman Sachs

Singapore

PROFITS at the Singapore Exchange (SGX) have turned the corner, and an under-appreciated China contract suggests that the market operator is worth a buy, Goldman Sachs opined this week.

Goldman Sachs on Monday raised its 12-month target price for the stock to S$9.50 from S$8.80 after November's volumes rose more than expected. The broker maintained its "buy" call on the stock, which is on Goldman Sachs' "conviction list".

The target price is 25 times Goldman Sachs' estimat…

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