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You are at:Home » Singapore Exchange Operator Stocks reach the highest level in 17 years with Outlook optimism
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Singapore Exchange Operator Stocks reach the highest level in 17 years with Outlook optimism

Adnan MaharBy Adnan MaharFebruary 7, 2025No Comments1 Min Read0 Views
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(February 7): Stock in Singapore Exchange Ltd has risen to its highest level since December 2007 as Bourse’s revenue and outlook has ignited investor enthusiasm.

Stock prices rose 10% on Friday, up in the second session after Singapore’s stock exchange operators reported double-digit profits on six months of revenue and net profits on Thursday. At least seven analysts have raised their target price, according to data compiled by Bloomberg.

The share price was raised to “purchase” from “hold” by Maybank Securities Pte Ltd. Government policies and persistent demand for equities and derivatives also support revenue outlook, the broker said.

The government’s task force should “publish” some recommendations to boost the city’s state stock markets “quickly,” Singapore Exchange President Michael Singh said in an interview Thursday.

The Singapore Exchange will “become one of the biggest beneficiaries of reform,” said Jarick Set, Maybank Securities Analyst, who covers small and intermediate companies’ equities.



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Adnan Mahar
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Adnan is a passionate doctor from Pakistan with a keen interest in exploring the world of politics, sports, and international affairs. As an avid reader and lifelong learner, he is deeply committed to sharing insights, perspectives, and thought-provoking ideas. His journey combines a love for knowledge with an analytical approach to current events, aiming to inspire meaningful conversations and broaden understanding across a wide range of topics.

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