SGX's Posts Mixed 1Q Result; Solid Derivatives Volume Offset Weakness in Securities Turnover
Narrow-moat-rated Singapore Exchange posted a mixed first quarter with stronger derivatives volume offsetting weaker equity turnover. Net profit of SGD 91 million was steady on the same period last year but weaker against last quarter. Dividend of SGD 0.075 per share was in line with the revised dividend policy. There is no change in the operating expense and capital expenditure guidance. We believe the recent weakness in the exchange’s share price provides a good opportunity to enter the stock....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.
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.
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