- Total securities market turnover in July 2024 was S$26.53 billion, an increase of 26% month-on-month.
- Derivatives volume reached 23.51 million, which is a 5% increase month-on-month.
- Daily average volume for derivatives was 1.04 million, showing a 10% decrease month-on-month.
- The company anticipates achieving positive operating leverage with expense growth expected in the low to mid-single digit percentage CAGR in the medium term.
- Capital expenditure is expected to rise beyond FY2025 due to ongoing investments in modernizing exchange trading, clearing platforms, and data centers.
- Group revenue growth over the past three years was below the high-single digit percentage CAGR guidance due to a slowdown in cash equities and the underperformance of Scientific Beta.
- The company aims to grow group revenue, excluding treasury income, between 6-8% CAGR in the medium term.
- Analyst recommendations for the company consist of 5 buys, 6 holds, and 2 sells.
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A look at SGX Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
When looking at the long-term outlook for Singapore Exchange Limited (SGX), the Smartkarma Smart Scores indicate a positive overall sentiment. With solid scores in Growth, Resilience, and Momentum, SGX appears to be on a promising trajectory for the future. The company’s strong Growth score suggests potential for expansion and development, while its Resilience score indicates a capacity to withstand challenges. Additionally, a favorable Momentum score implies that SGX is gaining traction and moving in a positive direction. Although the Value and Dividend scores are not as high, the strengths in the other areas bode well for SGX‘s future prospects.
SGX, as the owner and operator of Singapore’s securities and derivatives exchange, plays a crucial role in the country’s financial sector. Providing not only trading platforms but also clearing houses and essential information technology services, SGX serves as a cornerstone for financial market participants. With a blend of growth potential, resilience, and momentum, SGX‘s Smartkarma Smart Scores paint a picture of a company positioned for long-term success in the dynamic financial landscape. Investors may find SGX to be a noteworthy player to watch in the coming years.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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