![Singapore Exchange - DBS Research 2015-10-22: Volatility-led improvement Singapore Exchange - DBS Research 2015-10-22: Volatility-led improvement](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhLj6sxSKRUaPJFh_8Rb0zvhW5jitAz5CvrePetIERkmharW4Tstsgb-38ClPIRr-NwSjsseVyfMjiC9GXTa041ak06VzNiwS1ElNbNTbr-kOwwNkhpuMNthiz9xCcgWRjly5PuUjighUTS/s1600/sgx+500.png)
Singapore Exchange - Volatility-led improvement
- 1Q16 net profit of S$99m (+28% y-o-y); revenue +30% to S$220m, in line. 5-Sct DPS declared.
- Securities up; continued growth from Derivatives
- Challenging outlook for Securities; diversifying business mix to reduce reliance on Derivatives.
- Maintain HOLD, TP S$7.80.
No comments:
Post a Comment