SEHK's entry into iron ore derivatives deemed not a threat to SGX

SINGAPORE (Nov 22): Phillip Capital is maintaining its “accumulate” call on Singapore Exchange (SGX) with a target price of $8.31.

This came despite the Stock Exchange of Hong Kong (SEHK) announcing it will start offering trading in iron ore futures contracts, as the research house believes SEHK does not pose as a threat to SGX.