Feb 18 2021, 1:39 PM
February 18 2021, 8:57 AM
February 18 2021, 1:39 PM
(Bloomberg) Singapore Exchange Ltd. is exploring mergers and acquisitions to drive its ambitions as a multi-asset exchange.
(Bloomberg) Singapore Exchange Ltd. is exploring mergers and acquisitions to drive its ambitions as a multi-asset exchange.
The bourse has operations in place across asset classes and now will concentrate on bolstering them, Chief Executive Officer Loh Boon Chye said in an interview on Wednesday. That means seeking deals that bulk up the foreign exchange, fixed income, data and capital markets connectivity businesses. SGX had previously set a goal to have the fixed income, currencies and commodities segment, along with data, connectivity and indices, double revenues by about 2025. It may reach that goal before the initial target date, he said, adding the segments combined could account for 50% of revenue by then.
ANALYSTS have raised their target prices (TPs) for Singapore Exchange (SGX) after adjusting their forecasts higher for the bourse operator's FY2021-22 earnings. Read more at The Business Times.
The Straits Times
SGX H1 net profit up 12% on higher revenue from all three businesses
The Singapore Exchange posted a net profit of S$239.8 million for the half year ended Dec 31, 2020.PHOTO: ST FILE
Claudia Tan
https://str.sg/Jztu
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SGX Reports 1H FY2021 Net Profit Of S$228 Million Date
EBITDA
S$321 million, up 7%
Net profit attributable to equity holders of the Company
S$240 million, up 12%
S$228 million, up 7%
Earnings per share
8.0 cents, up 0.5 cents
All figures are for the year except for figures in brackets, which are for the year earlier, unless otherwise stated. Some figures may be subject to rounding.
Singapore Exchange (SGX) today reported 1H FY2021 adjusted net profit of S$228.0 million (S$213.9 million), with revenues of S$520.8 million (S$478.5 million). Adjusted EBITDA stood at S$321.2 million (S$298.8 million), while adjusted earnings per share was 21.3 cents (20.0 cents). Moving forward, to better reflect its underlying operating performance, SGX will disclose additional financial measures, which exclude items that have less bearing on its operating performance.