Stock Name: SGX
Company Name: SINGAPORE EXCHANGE LIMITED
Research House: Deutsche Bank
Company Name: SINGAPORE EXCHANGE LIMITED
Research House: Deutsche Bank
Deutsche Bank has cut Singapore Exchange (S68.SG) target price to $8.90 from $9.40 after lowering fiscal FY11-12 EPS estimates by 8% each, says Dow Jones.
“While we think the SGX is doing the right things strategically, market conditions remain challenging with turnover in both the equities and derivatives markets still below peak levels,” says Deutsche.
“While we think the SGX is doing the right things strategically, market conditions remain challenging with turnover in both the equities and derivatives markets still below peak levels,” says Deutsche.
Still, it is keeping its Buy call on optimism over new product launches, including trading platform for depository receipts. Shares +0.6% at $7.84.
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