Derivatives Seen To Drive 4QFY15 Earnings
- SGX is due to release its FY15 results after trading hours on 29 Jul and we are forecasting for a FY15 net profit of SGD343m, with strong derivatives volumes being partly offset by weak securities market ADT.
- Maintain NEUTRAL, with a raised SGD7.88 TP (from SGD7.65, 4% downside).
- Future earnings growth momentum is expected to be mild, on ourassumption of modest ADT growth.
(Leng Seng Choon)
Source: http://www.rhbgroup.com/
