As the Singapore Exchange (SGX) continues to implement its multi-asset strategy, Maybank Kim Eng has initiated coverage on the bourse operator with a “buy” rating and target price of $10.77.

The brokerage believes that SGX’s evolution into a "pan-Asian, multi-asset" platform offering derivatives, fixed income and alternative products provides an opportunity to investors.

It notes that SGX is well positioned to benefit from multiple structural trends that are driving demand for risk-management products.

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