- Singapore Exchange (SGX) reported a net income of S$340.0 million for the first half of 2025, which is a 21% increase compared to the previous year.
- Operating profit surged by 29% year-over-year, reaching S$383.2 million.
- The company achieved an operating revenue of S$646.4 million, marking a 16% increase from the previous year.
- SGX‘s equities derivatives revenue grew by 20% to S$192.5 million.
- The interim dividend per share increased to S$0.18 from S$0.17 in the previous year.
- Staff costs have risen by 6.3%, totalling S$148.9 million.
- Adjusted EBITDA is reported at S$426.9 million, with adjusted net income at S$320.1 million.
- The company expects expenses and capital expenditures for FY2025 to be on the lower end of previous guidance, predicting a 2%-4% increase and between S$70 million to S$75 million, respectively.
- SGX anticipates some macroeconomic tailwinds experienced in 1H FY2025 to moderate due to tapering impacts from the US elections and China’s stimulus measures.
- The company is focusing on broadening its product offerings, including new depository receipts, exchange-traded funds, and daily leverage certificates.
- There has been an improvement observed in the initial public offering (IPO) pipeline.
- Out of the analysts’ recommendations, there are 5 buys, 7 holds, and 3 sells.
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A look at SGX Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Singapore Exchange Limited (SGX) exhibits a positive long-term outlook. With a robust Momentum score of 5, SGX demonstrates strong market performance and growth potential. Furthermore, the company’s high scores in Growth and Resilience, at 4 each, showcase promising prospects for expansion and stability in the face of economic uncertainties. SGX‘s Dividend score of 3 indicates a moderate but steady return for investors, while its Value score of 2 suggests a fair valuation within the market.
Singapore Exchange Limited is a leading entity in Singapore’s Securities and derivatives exchange landscape, providing crucial services to the financial sector. The company’s strong Smart Scores in Growth, Resilience, and Momentum signify a well-positioned player in the market with the potential for continued success and innovation. Investors may find SGX an attractive long-term prospect given its positive outlook across various key factors essential for sustained growth and performance in the financial industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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