Home Capital Broker's Calls

Singapore Exchange kept at ‘hold’ on muted earnings outlook, decline in derivatives business

PC Lee
PC Lee7/28/2017 12:29 PM GMT+08  • 2 min read
Singapore Exchange kept at ‘hold’ on muted earnings outlook, decline in derivatives business
SINGAPORE (July 28): OCBC is keeping its “hold” call on Singapore Exchange on muted earnings outlook and the continued decline in the derivatives business.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (July 28): OCBC is keeping its “hold” call on Singapore Exchange on muted earnings outlook and the continued decline in the derivatives business.

That said, Asian stocks have done well so far this year and valuations have edged higher despite market uncertainty.

“We roll our valuation into the new financial year and based on peers’ average forward PER of 23x, we raise our fair value estimate to $7.83 from $7.53,” says analyst Carmen Lee in a Friday report.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.