0354 GMT - Singapore Exchange likely faces softer trading volumes in 2H FY 2025 as macro tailwinds in the prior half, including U.S. elections and China stimulus, taper off, CGS International analyst Andrea Choong says in a note. Choong reckons investors have "raced ahead" to price in potential pickup in trading volumes despite scant details on potential initiatives to revitalize the Singapore stock market. "At this stage, we think that expectations of impactful measures are running high, and unconvincing initiatives may result in some unwinding of SGX's recent re-rating." Choong maintains a hold rating on the stock, and raises the target to S$13.20 from S$12.50 after taking into account elevated clearing fees, cost control and higher treasury income. Shares rise 6.45% to S$13.53. (hoishan.chan@wsj.com)
(END) Dow Jones Newswires
February 06, 2025 22:54 ET (03:54 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。