Singapore Exchange's Offerings' Enhancements Can Help Boost Valuation Multiples -- Market Talk

Dow Jones

2025/08/12

0135 GMT - Singapore Exchange's ongoing product offerings' enhancements can help boost its valuation multiples, OCBC Investment Research's Research team say in a note. SGX elaborated on how it plans to achieve 6%-8% CAGR revenue growth on medium-term basis, the team says. Initiatives include driving an upward trajectory in over-the-counter FX and derivatives, with OTC FX expected to contribute a mid- to high-single-digit percentage contribution to Ebitda, the team says. Strengthening its platforms is another growth area to enhance operational efficiencies via use of technology and data analytics. OCBC raises the stock's fair value estimate to S$16.15 from S$14.78 with an unchanged hold rating. Shares are 0.4% lower at S$15.88. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

August 11, 2025 21:35 ET (01:35 GMT)

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SGX elaborated on how it plans to achieve 6%-8% CAGR revenue growth on medium-term basis, the team says. Initiatives include driving an upward trajectory in over-the-counter FX and derivatives, with OTC FX expected to contribute a mid- to high-single-digit percentage contribution to Ebitda, the team says. Strengthening its platforms is another growth area to enhance operational efficiencies via use of technology and data analytics. OCBC raises the stock's fair value estimate to S$16.15 from S$14.78 with an unchanged hold rating. Shares are 0.4% lower at S$15.88. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  August 11, 2025 21:35 ET (01:35 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore Exchange's Offerings' Enhancements Can Help Boost Valuation Multiples -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore Exchange's Offerings' Enhancements Can Help Boost Valuation Multiples -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-08-12 09:35</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0135 GMT - Singapore Exchange's ongoing product offerings' enhancements can help boost its valuation multiples, OCBC Investment Research's Research team say in a note. SGX elaborated on how it plans to achieve 6%-8% CAGR revenue growth on medium-term basis, the team says. Initiatives include driving an upward trajectory in over-the-counter FX and derivatives, with OTC FX expected to contribute a mid- to high-single-digit percentage contribution to Ebitda, the team says. Strengthening its platforms is another growth area to enhance operational efficiencies via use of technology and data analytics. OCBC raises the stock's fair value estimate to S$16.15 from S$14.78 with an unchanged hold rating. Shares are 0.4% lower at S$15.88. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  August 11, 2025 21:35 ET (01:35 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0441851309.USD","symbol_name":"JPM ASEAN EQUITY \"A\" ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2558169401","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2558169401","pubTimestamp":1754962500,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0135 GMT - Singapore Exchange's ongoing product offerings' enhancements can help boost its valuation multiples, OCBC Investment Research's Research team say in a note. SGX elaborated on how it plans to achieve 6%-8% CAGR revenue growth on medium-term basis, the team says. Initiatives include driving an upward trajectory in over-the-counter FX and derivatives, with OTC FX expected to contribute a mid- to high-single-digit percentage contribution to Ebitda, the team says. Strengthening its platforms is another growth area to enhance operational efficiencies via use of technology and data analytics. OCBC raises the stock's fair value estimate to S$16.15 from S$14.78 with an unchanged hold rating. Shares are 0.4% lower at S$15.88. 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SGX elaborated on how it plans to achieve 6%-8% CAGR revenue growth on medium-term basis, the team says. Initiatives include driving an upward trajectory in over-the-counter FX and derivatives, with OTC FX expected to contribute a mid- to high-single-digit percentage contribution to Ebitda, the team says. Strengthening its platforms is another growth area to enhance operational efficiencies via use of technology and data analytics. OCBC raises the stock's fair value estimate to S$16.15 from S$14.78 with an unchanged hold rating. Shares are 0.4% lower at S$15.88. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  August 11, 2025 21:35 ET (01:35 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}