StockTalk(8.17): SGX reports strong performance with a 23.1% net profit increase: Are you satisfied with the local stock market?
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Singapore Exchange (SGX) reported a strong performance in the year's second half, with net profit rising by 23.1% to $286.3 million. The revenue growth was driven by currency and commodity trading, which saw a significant increase of 35%. However, revenue from cash equities declined by 11.5%.
Despite the decrease in new stock listings compared to the previous year, SGX remains confident in its position and expects listings to improve when market conditions stabilize. The company aims to achieve high single-digit revenue growth and plans to reward shareholders with a mid-single-digit percentage increase in dividends over the medium term. As of now, SGX shares are trading slightly lower at $9.59.
Did you pay attention to SGX's new stock performance in the 2nd half of the year, and how did it fare?
Looking at the Singaporean economy, does the local stock market align with your expectations?
Looking at the Singaporean economy, does the local stock market align with your expectations?
Join us and share your thoughts on today's topic. Please leave a comment below to share your opinion with us. Your feedback is valuable, and we appreciate your participation.
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Moomoo SGOP :
Did you pay attention to SGX's new stock performance in the 2nd half of the year, and how did it fare?
Join us and share your thoughts on today's topic! Points are awaiting!
ZnWC : SGX earnings reported strong performance in net profit may look impressive but a closer look revealed that it is mainly driven by currency and commodity trading. Currently the stock market is bearish which may be due to macroeconomics factors such as US FED rate hike and China economy slowdown. I'm concerned about the outlook in Q1 2024 if recession is imminent.
Singapore economy may have avoided a technical recession but still weak based on recent data. My expectation remained that not all stocks are made equal and recovery or even rally is still possible in some sectors. I am still hopeful in buying value stock at dip but will do it prudently. Buy options when the condition is right.
Gong Xi Fuck Cai ❤ : I didn't pay much attention to SGX because i thought SGX is a hotel related stock, hotel 81 those type.
Looking at local economy, only few stock are active, most of the rest look like dead fried fish, you stare at it the whole year also didn't move one. And i wish local stock can be like USA, those 1 per share and not 1 lot must 100 shares type. 1 per share is more easy to buy and calculate.
Slowlow :
Apoh ZnWC: Same sentiment with u. As long as it’s profitable, I’m ok. Buy low and hold long term. Doing dollar cost averaging over the years and this strategy works, from experience. Cos it’s a cyclical trend as well.. It’s a Monopoly company here in Sg.!