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SGX can count on 2 key earnings catalysts until FY15
One is its scheduled listing fees increase.
"We believe there are two key earnings catalysts to look for in 2H14-FY15," said CIMB in a results note after Singapore Exchange beat expectations to post a robust S$92.3m profit in 1Q14.
"The first is the increase in listing fees which will come into full effect in 2H14. The second is the launch of new derivative products (Thai and the Philippines index futures) and further traction in the derivative space," the research firm said.
In fact, CIMB went as far as saying that SGX "is becoming the derivatives exchange of choice in Asia" based on the rising activity and anticipated strong client loyalty as more products come on.
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