Singapore Exchange Ltd
SGX:S68

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Singapore Exchange Ltd
SGX:S68
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Price: 17.45 SGD -1.41%
Market Cap: 18.7B SGD

Singapore Exchange Ltd
Investor Relations

Singapore Exchange Ltd., often abbreviated as SGX, stands tall as a pivotal financial hub in Asia's bustling economic landscape. Established in 1999 through the merger of two deeply-rooted entities—the Stock Exchange of Singapore and the Singapore International Monetary Exchange—SGX was poised from its inception to become a crucial player on the international stage. Nestled in the heart of Singapore's financial district, SGX facilitates a seamless trading environment for equities, fixed-income securities, derivatives, and a range of other financial instruments. With its dynamic multi-asset platform, the exchange serves as a vital conduit for investors, offering them access to a diverse array of asset classes that capture the pulse of the market. The company's robust infrastructure and regulatory framework ensure transparency, liquidity, and confidence for both issuers and investors worldwide.

Profitability for SGX is driven by a diversified revenue stream that reflects its multifaceted operations. The lion’s share of revenue is derived from trading and clearing fees, where it charges participants for buying and selling activities on its platform. Additionally, SGX benefits from listing fees when companies go public or issue new financial instruments, as well as from data services, which involve selling financial data and indices to various stakeholders. The exchange also capitalizes on its derivative segment, allowing participants to hedge risks or speculate on future price movements, thus enhancing liquidity and engagement. By continually innovating and expanding its offerings, SGX has successfully positioned itself as an essential platform for capital raising and risk management in the region, cementing its role as a catalyst for economic growth in the broader Asian market.

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S68
FTSE Straits Times Singapore
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Last Earnings Call
Fiscal Period
Q4 2023
Call Date
Aug 16, 2023
AI Summary
Q4 2023

Earnings Growth: Full-year net profit attributable to shareholders rose 26.5% to SGD571 million, with adjusted earnings up over 10% to SGD503 million.

Revenue: Revenue increased 8.7% year-on-year to nearly SGD1.2 billion, driven mainly by strong derivatives performance.

Derivatives Strength: Derivatives revenue surged, especially in commodities and FX, offsetting weaker cash equities and listing businesses.

Expense Management: Expenses grew 7.7% but were slightly below revenue growth; mid-single digit expense growth is expected for FY '24.

Dividend: Proposed final quarterly dividend of 8.5 cents per share, representing a 6.3% annualized increase, with guidance for mid-single digit dividend growth going forward.

FICC & FX Momentum: FICC segment up 34% with robust FX and commodities trading; record FX notional volumes and strategic focus on integrated FX offerings.

IPO Pipeline: Management remains cautiously optimistic for a resumption of IPO activity in 2024, though near-term conditions remain challenging.

Key Financials
Net Profit Attributable to Shareholders
SGD571 million
Adjusted Net Profit Attributable to Shareholders
SGD503 million
Revenue
SGD1.2 billion
Expenses
SGD605 million
FICC Revenue
SGD338 million
Commodities Daily Average Volume
160,000 contracts
Currency Futures Daily Average Volume
152,000 contracts
FX OTC Average Daily Volume
$76 billion
Average Clearing Fee (Derivatives)
SGD1.61
Securities Daily Average Value (SDAV)
SGD1.1 billion
Dividend Per Share (Final Quarterly)
8.5 cents
CapEx
SGD59 million
Earnings Call Recording
Other Earnings Calls

Management

Dr. Hsien-Min Syn Ph.D.
President & Head of Global Markets
No Bio Available
Mr. Yao Loong Ng
Chief Financial Officer
No Bio Available
Mr. Pol de Win
Senior MD and Head of Global Sales & Origination
No Bio Available
Mr. Boon Gin Tan
Chief Executive Officer of Singapore Exchange Regulation
No Bio Available
Mr. Beng Hong Lee
Head of Wholesale Markets & Platforms
No Bio Available
Mr. Boon Chye Loh
CEO & Non-Independent Director
No Bio Available
Ms. Tinku Gupta
Chief Information Officer
No Bio Available
Mr. Dominic Lim
Head of Investor Relations
No Bio Available
Mr. Kim Ming Seah
Head of Legal & Compliance and Joint Company Secretary
No Bio Available
Ms. May Nah Chin
Vice President of Marketing & Communications
No Bio Available

Contacts

Address
2 Shenton Way, #02-02 Sgx Centre I
Contacts
+6562368888.0
www.sgx.com