Home Capital Broker's Calls

Why SGX can only hope for market volatility to return

Michelle Zhu
Michelle Zhu10/20/2016 11:17 AM GMT+08  • 2 min read
Why SGX can only hope for market volatility to return
SINGAPORE (Oct 20): CIMB Securities is keeping its “reduce” call on the Singapore Exchange (SGX) with a lower target price of $7.04 from $7.24 previously, in view of low market volumes as global macroeconomic concerns weigh on investor sentiment.
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 (Oct 20): CIMB Securities is keeping its “reduce” call on the Singapore Exchange (SGX) with a lower target price of $7.04 from $7.24 previously, in view of low market volumes as global macroeconomic concerns weigh on investor sentiment.

The research house’s FY17-19 earnings per share (EPS) forecasts for SGX has been reduced by 3-4% to reflect lower securities and derivatives volumes after the bourse yesterday reported a 16.3% fall in 1Q17 earnings.

(See also: SGX posts 16.3% fall in 1Q earnings to $83.1 mil)

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.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now