RHB cuts target for Singapore Exchange stock to SGD 20.30

Published on 10/24/2026 at 19:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

FY2026 revenue rose 13.9 percent to SGD 1.5 billion. Singapore Exchange stock costs EUR 14.40 on October 24, 2026 at 1:04 p.m. CEST.

Target and operating figures

RHB cut its Singapore Exchange target from SGD 22.20 to SGD 20.30 on October 19, 2026.
Fiscal year 2026 revenue rose 13.9 percent to SGD 1.5 billion, while adjusted net profit increased 24.6 percent to SGD 759.5 million.
Singapore Exchange stock costs EUR 14.40 at Lang & Schwarz on October 24, 2026 at 1:04 p.m. CEST.
The next dated shareholder event is the October 30, 2026 ex-dividend date.

SGX, SG1J26887955, Illustration mit AI erstellt.

Singapore Exchange stock (SG1J26887955) is trading at EUR 14.40 at Lang & Schwarz on October 24, 2026 at 1:04 p.m. CEST. RHB cut its target for Singapore Exchange from SGD 22.20 to SGD 20.30 in a note dated October 19, 2026, while keeping a neutral rating, according to The Business Times.

RHB trims its valuation view

The revised target followed softer first-quarter activity in fiscal year 2027. RHB said securities and derivatives activity for the first half of fiscal year 2027 tracked 7.4 percent and 10.2 percent below its expectations, respectively, and lowered its forecasts for fiscal years 2027 through 2029 by 8.3 percent, 8.4 percent and 8.5 percent.

The brokerage now expects recurring net-profit growth of 5.0 percent in fiscal year 2027, compared with 21.1 percent in fiscal year 2026. Its SGD 20.30 target was based on 26 times blended fiscal year 2027 and fiscal year 2028 forecast earnings per share, according to The Business Times.

Trading activity sends mixed signals

For the first quarter of fiscal year 2027, securities daily average value reached SGD 2.0 billion, up 33.0 percent from a year earlier but down 8.0 percent from the prior quarter. Derivatives daily average volume rose 5.0 percent year over year to 1.4 million contracts, while quarterly volume fell 11.0 percent.

The operating backdrop is stronger over the full fiscal year. Singapore Exchange reported fiscal year 2026 revenue of SGD 1.5 billion, up 13.9 percent, and adjusted net profit of SGD 759.5 million, up 24.6 percent, according to The Straits Times.

Dividend date and price position

Singapore Exchange Limited's next dated shareholder marker is an October 30, 2026 ex-dividend date, with a November 10, 2026 payment date, as listed by Simply Wall St.

The same source puts Singapore Exchange's market capitalization at SGD 22.4 billion and its 52-week Singapore-dollar range at SGD 16.23 to SGD 25.69 as of October 24, 2026. Those figures frame the valuation debate without converting the home-market quotation into euros.

Singapore Exchange operates an integrated securities and derivatives exchange with clearing, settlement, depository, data and index services. The investor-relations site describes the group as a multi-asset market infrastructure provider with more than 40 percent of listed companies and more than 80 percent of listed bonds originating outside Singapore.

What the target means for SGX

RHB's revision places the near-term emphasis on converting trading activity into recurring earnings. The contrast is clear: fiscal year 2026 delivered record profitability, while first-quarter fiscal year 2027 activity already showed a sequential decline in securities and derivatives measures.

Singapore Exchange stock was trading at EUR 14.40 at Lang & Schwarz on October 24, 2026 at 1:04 p.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Singapore Exchange stock.