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Singapore Exchange poised to benefit from global volatility, says RHB

Stanislaus Jude Chan
Stanislaus Jude Chan6/22/2018 03:16 PM GMT+08  • 2 min read
Singapore Exchange poised to benefit from global volatility, says RHB
SINGAPORE (June 22): RHB Research is keeping its “buy” call on Singapore Exchange (SGX) with an unchanged target price of $9.00, on the back of a bullish outlook for the bourse’s securities trading volume.
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SINGAPORE (June 22): RHB Research is keeping its “buy” call on Singapore Exchange (SGX) with an unchanged target price of $9.00, on the back of a bullish outlook for the bourse’s securities trading volume.

“Global news flow on US-China trade tensions and US Fed rate hikes could stimulate trading,” says analyst Leng Seng Choon in a Friday report. The way he sees it, such developments “could stimulate investors to switch their stock holdings and in turn generate stronger trading volumes.”

As such, Leng forecasts that SGX’s securities average daily value (SADV) could rise to $1.39 billion in FY19, from SADV of $1.23 billion so far this year.

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