SGX warned of downside risks despite posting highest revenue: analyst

In the current fiscal year, the bourse posted $1.099b revenue.

There could be risks for Singapore Exchange (SGX) despite its highest revenue registered since its listing, with $1.099b in June 2022 results, higher by 4% year-on-year.

RHB said downside risks include higher-than-guided operating costs next year and slower revenue contributions from acquisitions.

“[SGX] results did not yield any major surprises. Management is guiding for a 7% to 9% increase in expenses and higher-than-normal capex for fiscal year 2023,” it said in a brokerage report.

RHB also pointed out that whilst the bourse’s derivatives daily average volume will be higher, next year’s securities daily average value (SDAV) will still be muted.

On the upside, SGX’s possible gains will include higher-than-estimated SDAV from exchange traded funds, REITs, and special purpose acquisition company listings.

Follow the link for more news on

SGX

Stocks Trading

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia