Analysts from CGS-CIMB and PhillipCapital are bullish on Singapore Exchange (SGX) as the company rolls out its multi-asset strategy to capture customers.

“We think that SGX is on the cusp of connecting the dots in its multi-year journey to build a comprehensive one-stop-centre of investing solutions,” says CGS-CIMB analyst Andrea Choong says in a June 12 research note.

She reiterates her ‘add’ call for the counter with an unchanged target price of $11.61 that’s pegged to FY2022 ending June P/E of 25 times.

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