Singapore Stock Market News

Singapore Exchange Ltd - Another Positive Catalyst

StockFanatic
Publish date: Wed, 07 Feb 2018, 09:19 AM
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A BM-SGX trading link by end 2018
SGX announced that it will be collaborating with Bursa Malaysia (BM) to jointly develop a BM-SGX stock market trading link by end 2018. This link will enable investors to trade and settle the shares listed on both markets more efficiently, and widen their access to the two exchanges. MAS and Securities Commission Malaysia (SC) will be working on the regulatory requirements (link). There is a possibility that this crossborder initiative may be extended to connect other ASEAN exchanges. Pending further updates, we maintain our TP of SGD8.82, based on an unchanged P/E of 23x FY19E EPS, in line with its mean since 2012.
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