0845 GMT - Singapore Exchange will likely post a strong set of 1H results due Feb. 6, UOB Kay Hian analysts write in a note. Increased trading velocity driven by lower U.S. interest rates, positive sentiment from China's stimulus measures and higher retail investor participation supported the securities turnover value, they say. Derivatives trading will likely remain supported by continued uncertainties, which boost demand for risk-management tools, they add. The continuing stock-market review for measures to strengthen Singapore's equity market should support the exchange operator's stock price when it begins implementing proposals, they add. However, given a lack of near-term catalysts to justify a higher valuation, UOB KH maintains a hold rating with a target price of S$11.83. Shares are 0.9% lower at S$12.02. (kimberley.kao@wsj.com)
(END) Dow Jones Newswires
January 15, 2025 03:45 ET (08:45 GMT)
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