Singapore Exchange rated 'underperform' by CIMB

Stock Name: SGX
Company Name: SINGAPORE EXCHANGE LIMITED

Research House: CIMB

Price Call: SELL

Target Price: 6.27

CIMB in an Apr 13 research report says: "We expect SGX to report a 3Q net profit of $74.6 million (+14% q-o-q, 24.2% of consensus and 24.4% of our full-year estimate). After a lacklustre 2Q, trading activities picked up in 3Q (Jan-Mar 12).

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