0343 GMT - Singapore Exchange is set for solid growth, RHB Research analyst Shekhar Jaiswal says. RHB is forecasting SGX's securities daily average value growth will hit 16% in 2026, a 7% upgrade due to robust small and mid-cap flows and new regulation broadening equity participation. RHB also notes strength in derivatives, with the SGX's China A50 Futures derivatives daily average volume in August surging 66% on year, driven by China's stock rally. RHB forecasts DDAV growth of 9%-10% annually over 2026-2028. The bank also believes IPO momentum is improving, with a predicted 15 listings in 2026 and 10 annually in 2027 and 2028. SGX's stock is up 30% year-to-date, and RHB expects the IPO pipeline and Singapore equities' strength to support valuations. The bank stays neutral on SGX. (jason.chau@wsj.com)
(END) Dow Jones Newswires
September 14, 2025 23:43 ET (03:43 GMT)
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