Report
Michael Wu
EUR 98.48 For Business Accounts Only

Singapore Exchange Reports Mixed 3Q Result

Singapore Exchange posted a mixed third-quarter result, with a better performance from securities offset by weaker derivatives. Net profit was 2% lower, excluding losses from the disposal of its stake in Bombay Stock Exchange. Revenue of SGD 202 million was largely in line, with SGD 199.6 million in the second quarter and SGD 205.8 million in the year-ago period. With revenue growth remaining subdued, management remains disciplined on cost control. Operating expense was flat against the year-ago...
Underlying
Singapore Exchange Ltd.

Singapore Exchange is an investment holding company. Co. and its subsidairies are organised into three main business segments as follows: Securities market, which provides listing, trading, clearing, depository, market data, member services, connectivity, collateral management and issuer services; Derivatives market, which provides trading, clearing, market data, member services, connectivity and collateral management; as well as Other operations, which provides market data, connectivity and other services apart from those listed in the Securities market and Derivatives market segments. Co. and its subsidairies operate primarily in Singapore.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Michael Wu

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