0142 GMT - Singapore Exchange stands to benefit from an uncertain macroeconomic outlook and potential rate cuts this year, UOB Kay Hian analysts say in a research report. These would improve trading velocity at SGX, sending its cash equities segment into revenue and profitability growth, the analysts say. Also, upcoming announcements from the Monetary Authority of Singapore's review group to revitalize Singapore's stock market would likely boost investor sentiment in 2025, they add. The brokerage lifts its FY 2025-2027 headline PATMI forecasts for SGX by 8%-9% to reflect higher margin assumptions. It raises the stock's target price to S$12.58 from S$11.83 with an unchanged hold rating. Shares are 0.4% higher at S$13.76. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
February 10, 2025 20:42 ET (01:42 GMT)
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