2024-03-12 16:58:12 ET
Summary
- Singapore Exchange Limited has revised its FY 2024 expense and capital expenditures guidance downwards, which might indicate that the company's near-term growth outlook is lackluster.
- But the company has committed to a goal of achieving a mid-single digit percentage expansion in its dividends for the intermediate term.
- A Hold rating for Singapore Exchange is justified in my opinion; the stock is a decent dividend growth play, but its short-term financial prospects aren't favorable.
Elevator Pitch
Singapore Exchange Limited ( SPXCF , SPXCY ) [SGX:SP], which is typically referred to as SGX, is assigned a Hold investment rating. On the company's investor relations website , SGX describes itself as "Asia’s most international, multi-asset exchange, providing listing, trading, clearing, settlement, depository, data and index services."...
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For further details see:
Singapore Exchange: Watch Cost Guidance And Dividend Growth Target