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)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.