Sector: Finance, Industry: Investment Banks/Brokers

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DBS raises SGX target price to S$9.60, maintains 'buy' call

25 Jan 2020 - The Business Times
Singspore DBS Group Research has raised its target price for the Singapore Exchange (SGX) to S$9.60, up from S$8.90 previously, while maintaining its "buy" call on the stock. In a research note on Friday, DBS noted that SGX's 186 million euro (S$280 million) acquisition of... To continue reading SUBSCRIBE ...
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Broker's take: DBS raises SGX's target price on index firm acquisition

24 Jan 2020 - The Business Times
DBS Group Research has maintained its "buy" call on the Singapore Exchange (SGX) while raising its target price to S$9.60, up from S$8.90 previously. The revised price target represents a 9 per cent upside from the Singapore bourse operator's Jan 23 close of S$$8.82. As at 11.07am on Friday, shares ...
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Singapore stocks muted ahead of Chinese New Year; STI opens 0.02% higher

24 Jan 2020 - The Business Times
SINGAPORE shares were little changed on Friday morning, after the Republic confirmed its first case of the Wuhan virus overnight. However, Prime Minister Lee Hsien Loong noted in his annual Chinese New Year Message that the virus does not appear to be as deadly as the Sars outbreak in 2003. The benchmark ...
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Stocks to watch: Keppel, Starhub, SGX, UOL, CDLHT, ARA H-Trust, Frasers Hospitality

24 Jan 2020 - The Business Times
THE following companies saw new developments that may affect trading of their shares on Friday: Keppel Corporation: It reported 41.5 per cent higher net earnings at S$191.4 million for the fourth quarter ended December, bolstered by stronger performance from offshore and marine, property and investments ...
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SGX invests 186m euros in index firm; Q2 net profit up 3%

24 Jan 2020 - The Business Times
Singapore SINGAPORE Exchange (SGX) is coughing out 186 million euros in cash (S$280 million) for a 93 per cent stake in Scientific Beta Pte Ltd, a smart beta index firm, as the bourse looks to accelerate its data, connectivity and indices (DCI) business. The strategic investment - which will be funded ...
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SGX buys 93% stake in index provider Scientific Beta for $280m

24 Jan 2020 - Singapore Business Review
This will expand its Data, Connectivity and Indices business. Singapore Exchange (SGX) is acquiring a 93% stake in independent index provider Scientific Beta for $280m (EUR186m) in cash, according to a news release. The proposed acquisition will be funded through external borrowings. Singapore Holding ...

Koh Brothers Eco Engineering mulls spin-off of subsidiary Oiltek

23 Jan 2020 - The Edge Markets
SINGAPORE (Jan 23): Koh Brothers Eco Engineering plans to spin-off its 80%-held indirect subsidiary Oiltek Sdn Bhd, for its separate listing on either Catalist or Malaysia’s ACE Market, the company announced on Jan 23. The separate listing will also include Oiltek Nova, a subsidiary of Oiltek. These ...
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Singapore Exchange posts 2.6% increase in 2Q earnings to $99.0 mil, acquires 93% stake in Scientific Beta for $280 mil

23 Jan 2020 - The Edge Markets
SINGAPORE (Jan 23): Singapore Exchange (SGX) reported 2Q20 earnings of $99.0 million, 2.6% higher than $96.5 million a year ago. This brings 1H20 earnings to $213.3 million, a 13.7% increase from $187.6 million reported for 1H19. Operating revenue for the quarter saw a 3% increase to $230.9 million ...

Stocks to watch: CCT, CMT, Frasers Property, ESR-Reit, Cache Logistics

23 Jan 2020 - The Business Times
THE following companies saw new developments that may affect trading of their securities on Thursday: CapitaLand Commercial Trust (CCT), CapitaLand Mall Trust (CMT): The two real estate investment trusts (Reits) on Tuesday proposed a deal that if successful will propel the emergent entity to be Singapore's ...
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Mapletree Commercial Trust's NPI up 17.6% to $103.30m in Q3

23 Jan 2020 - Singapore Business Review
Its office and business park assets’ gross revenue and NPI rose. Mapletree Commercial Trust (MCT) posted a 17.6% YoY net property income (NPI) growth to $103.30m in Q3 from $87.87m in 2019, according to an SGX filing. Its NPI margin ended at 78.7% in the same period. Its distribution per unit (DPU) also ...
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