Roy Chen, an analyst from UOB Kay Hian, maintained the Hold rating on Singapore Exchange. The associated price target was raised to S$16.66.
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Roy Chen has given his Hold rating due to a combination of factors, including Singapore Exchange’s (SGX) strong financial performance and optimistic future outlook. The company reported a core net profit of S$609.5 million for FY25, marking a 15.9% increase year-over-year, which aligns with expectations and reflects broad-based growth across all business segments.
Despite the positive financial results and an upbeat outlook for FY26, driven by expected growth in both the cash equity and derivative businesses, Roy Chen maintains a Hold rating. This is due to the current valuation of SGX, suggesting that the stock is fairly priced at the moment. The introduction of a new dividend policy is seen as a positive development, and investors are advised to consider accumulating shares during price dips.
In another report released yesterday, CLSA also maintained a Hold rating on the stock with a S$16.20 price target.
SPXCF’s price has also changed moderately for the past six months – from $10.450 to $13.000, which is a 24.40% increase.