Singapore Exchange (SGX) announced last evening the appointment of Mr Loh Boon Chye as the new CEO and his appointment will take effect from 14th July 2015. Prior to this, He was the Deputy President and Head of Global Markets for Asia Pacific at Bank of America – Merrill Lynch.

We do not expect to see any immediate significant changes for the coming half year and are maintaining our earnings estimates for now. We have a HOLD rating for the stock with a fair value estimate of S$7.95. At yesterday’s closing price of S$7.93, the stock is providing a dividend yield of 3.5%.

Source: OCBC Research - 9 Jun 2015