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Citi maintains ‘buy’ on SGX, lifts TP to $13.10 on sustained derivatives growth

Cherlyn Yeoh
Cherlyn Yeoh • 3 min read
Citi maintains ‘buy’ on SGX, lifts TP to $13.10 on sustained derivatives growth
This comes following SGX’s 4MFY2025 trading statistics which came ahead of Citi’s estimates. Photo: Albert Chua/The Edge Singapore
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Citi Research analyst Tan Yong Hong has maintained his “buy” call on Singapore Exchange (SGX:S68) (SGX) while lifting the exchange’s target price to $13.10 from $12.70.

Tan’s report dated Nov 4 comes following SGX released its 4MFY2025 trading statistics, which came ahead of Citi’s and consensus estimates. The 4MFY2025 spans from July to October.

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