Singapore Exchange Ltd

S68: XSES (SGP)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	SGD 24.90	Lct	Njjdjkbxc

SGX Earnings: A Resilient Result and a Cautious Stance

Roy Van Keulen

Feb 1, 2024

We maintain our SGD 12.40 fair value estimate for wide-moat Singapore Exchange, or SGX, following first-half financial results. At current prices, SGX shares screen as materially undervalued.

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To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.

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