UOBKH initiates coverage on SGX with 'buy' call, S$12.35 target price
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Singapore
SHOULD the secondary listing of both Grab and Sea Ltd on the Singapore Exchange (SGX) come to pass, the exchange will likely see an increase in cash equities daily average traded value by 6-40 per cent, assuming there is no leakage in trading volume from other large-cap stocks, UOB Kay Hian (UOBKH) said in a report on Tuesday.
UOBKH has started coverage on SGX with a "buy" recommendation and a target price of S$12.35.
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