$SINGAPORE EXCHANGE LIMITED(S68.SI)$ Singapore Exchange's business growth may stay muted in FY 2023, RHB Research analyst Shekhar Jaiswal says in a research report. The analyst lowers the stock's target price to S$9.00 from S$10.30 with an unchanged neutral rating. Based on SGX's 1Q FY 2023 reported data, its implied FY 2023 securities daily average value and derivatives daily average volume missed RHB's forecasts, the analyst notes.
$FRASERS HOSPITALITY TRUST(ACV.SI)$ Frasers Hospitality Trust (FHT) posted a distribution per stapled security (DPS) of S$0.009316 for the half year ended Sep 30, rising 15.9 per cent from S$0.008041 the previous year.
$SINGAPORE EXCHANGE LIMITED(S68.SI)$ Singapore Exchange Limited, or SGX, is Singapore’s sole stock exchange operator. The group has been a steady payer of dividends for over two decades.
$SINGAPORE AIRLINES LTD(C6L.SI)$Singapore Airlines Limited, or SIA, is seeing clearer skies this year as air travel returns with a vengeance. Passenger numbers for September clocked in at 2.1 million, up more than 13-fold from last September’s 159,700.
$UNITED OVERSEAS BANK LIMITED(U11.SI)$UOB's net interest margin may widen further on the Fed's expected rate increases, RHB Research analysts say in a research report. After UOB's NIM grew 28 bps on quarter to 1.95% in 3Q, management expects NIM to be wider than 2.0% in 4Q and to widen by a further 5-10 bps should the Fed funds rate increase to 4%, the analysts note. Management also expects the Singapore-listed bank's asset quality to remain resilient, thanks to factors including healthy employment markets.
$WILMAR INTERNATIONAL LIMITED(F34.SI)$ Wilmar International Limited's (SGX:F34) top owners are private companies with 42% stake, while 22% is held by public companies
$SINGAPORE EXCHANGE LIMITED(S68.SI)$Singapore Exchange's business growth may stay muted in FY 2023, RHB Research analyst Shekhar Jaiswal says in a research report. The analyst lowers the stock's target price to S$9.00 from S$10.30 with an unchanged neutral rating. Based on SGX's 1Q FY 2023 reported data, its implied FY 2023 securities daily average value and derivatives daily average volume missed RHB's forecasts, the analyst notes. Although SGX's derivatives volume could remain elevated as investors try to manage portfolio risks, its securities-market turnover might remain subdued in near term as investors seek to assess what comes next, while its operating costs are high, the analyst says. Shares are 0.8% lower at S$8