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UOB KH initiates coverage on SGX with 'buy', TP $12.35

Jeffrey Tan
Jeffrey Tan • 2 min read
UOB KH initiates coverage on SGX with 'buy', TP $12.35
Its traditional stock exchange business could see a lift from the potential secondary listing of Grab and Sea.
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UOB KayHian has become the latest brokerage to track the Singapore Exchange, rating the bourse operator a “buy” with target price of $12.35.

UOB KH says SGX’s multi-asset platform ensures that it has a resilient revenue stream from several sources.

TAGS
Singapore Exchange (SGX)
Grab
Sea
UOB KayHian
Lucas Teng

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