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Home / Capital / Brokers Calls

No fuss over lower SDAV, keep 'add' on SGX, says CGS-CIMB

Broker's Calls

No fuss over lower SDAV, keep 'add' on SGX, says CGS-CIMB

Jeffrey Tan Published on Fri, May 14, 2021 / 3:39 PM GMT+8

A-

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Despite the recent weak market statistics released by the Singapore Exchange, CGS-CIMB Research has maintained its “add” rating for the bourse operator with an unchanged target price of $11.61.

The brokerage believes trading momentum will be sustained by the “buoyant” market sentiment and prolonged Covid-19-related movement restriction orders.

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