Asked by Anonymous
Asked on 29 Apr 2019
Discuss anything about share price, dividends, yield, ratios, fundamentals, technical analysis and if you would buy or sell this stock on the SGX Singapore markets. Do take note that the answers given by our members are just your opinions, so please do your own due diligence before making an investment!
Below is my brief view of SGX
SGX have three main business units: Equities and Fixed Income, Derivatives, and Market Data and Connectivity. The Equities and Fixed Income unit comprises Issuer Services, Securities Trading and Clearing, and Post Trade Services. It revenue and income have been steadily growing
SGX have revised it dividend policy for this year and will be paying 7.5 cents per quarter for FY 2019
WIth today closing price of $7.88, it give a reasonable dividend yield of aound 3.8%.
SGX currently is in an overbought region and i have sold off part of the share that was bought in 2 trench $6.90 and $7.40 range.
If SGX will to drop back to $7.30 to $7.40 range, I plan to buy in. If drop below $7, will buy even more.
This is my view only and please do your own due diligent.