Singapore Stock Market News

Singapore Exchange - 4QFY6/18: balancing growth and dividends

StockFanatic
Publish date: Mon, 30 Jul 2018, 01:44 PM
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■ FY6/18 core net profit of S$363.2m (+5.8% yoy) was in line. Maintain Add.

■ SGX seeks growth via new products (global freight) and enhanced capabilities, which will take time and come with higher opex and capex.

■ Existing Nifty contracts are still allowed in the market as SGX resumes talks with NSE on GIFT; we see this as near-term positive till further developments.

We think investors will like SGX's new dividend policy, which raises interim DPS to 7.5Scts per quarter (from 5Scts previously), implying a c.4% yield. Read More
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