0111 GMT - Singapore Exchange should continue to benefit from market volatility, which is expected to remain elevated, Morningstar analyst Roy Van Keulen writes in a note. SGX's outsized exposure to derivatives has helped support earnings, as over 50% of its revenue comes from derivatives-related products, as compared with around 25% for other exchanges, he says. Rising global debt levels, geopolitical tensions and U.S. trade and tariff policy will continue to drive uncertainty, leading to market volatility, and should continue to benefit SGX, he says. The share price has risen about a third over the past year, he adds, and Morningstar raises its fair value estimate to S$13.60 from S$13.06. Shares are up 2.2% at S$12.96. (kimberley.kao@wsj.com)

(END) Dow Jones Newswires

February 06, 2025 20:11 ET (01:11 GMT)

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