According to Jaiswal, the counter currently offers a “modest” yield of 3.3% compared to the benchmark Straits Times Index’s (STI) yield of 4%.
RHB Group Research analyst Shekhar Jaiswal is keeping his “neutral” call on Singapore Exchange (SGX) following the release of its market statistics for the month of June.
“We maintain ‘neutral’, as [SGX’s] forward P/E is in line with the historical average despite the expectation of earnings growth in FY2023 – 2024,” he writes in his report dated July 14.
