Brokers' take: SPACs will likely boost SGX's position as key financial hub in Asia_老虎社区_美港股上老虎

Brokers' take: SPACs will likely boost SGX's position as key financial hub in Asia

Businesstimes2021-12-10

THE Singapore Exchange (SGX) should gain from an overall higher valuation of the Singapore market, due to the listing of tech-related and new economy companies through special purpose acquisition ...

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Baoxiaolong
·2021-12-10
We shall see.
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Vinie Soh
·2021-12-10
Good
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KK2021
·2021-12-10
Wowq
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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBrokers' take: SPACs will likely boost SGX's position as key financial hub in Asia\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-10 11:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.businesstimes.com.sg/companies-markets/brokers-take-spacs-will-likely-boost-sgxs-position-as-key-financial-hub-in-asia><strong>Businesstimes</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>THE Singapore Exchange (SGX) should gain from an overall higher valuation of the Singapore market, due to the listing of tech-related and new economy companies through special purpose acquisition ...</p>\n\n<a href=\"https://www.businesstimes.com.sg/companies-markets/brokers-take-spacs-will-likely-boost-sgxs-position-as-key-financial-hub-in-asia\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"S68.SI","symbol_name":"新加坡交易所","start_time":0,"source_url":"https://www.businesstimes.com.sg/companies-markets/brokers-take-spacs-will-likely-boost-sgxs-position-as-key-financial-hub-in-asia","article_id":"1114061392","we_media_id":null,"thumbnails":[],"rights":{"source":"lsy1607307803821","url":"https://www.businesstimes.com.sg/companies-markets/brokers-take-spacs-will-likely-boost-sgxs-position-as-key-financial-hub-in-asia","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=1114061392","pubTimestamp":1639106853,"sourceInfo":{"source_id":"lsy1607307803821","name":"The Business Times"},"weMediaInfo":null,"summary":"THE Singapore Exchange (SGX) should gain from an overall higher valuation of the Singapore market, d","collect":0,"end_time":0,"defaultTopTitle":"businesstimes.com.sg","property":[],"viewcount":null,"language":"en","relate_stocks":{"S68.SI":"新加坡交易所"},"translate_title":"券商观点：SPACs可能会提升新交所作为亚洲主要金融中心的地位","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"S68.SI":0.9},"content_text":"THE Singapore Exchange (SGX) should gain from an overall higher valuation of the Singapore market, due to the listing of tech-related and new economy companies through special purpose acquisition companies (SPACs), CGS-CIMB said.\nThe SPACs, which are blank-cheque companies that are listed to acquire and take a private company public, will likely provide \"a much-needed boost\" in investor interest and trading liquidity for the bourse operator, which has faced a slowdown in listings in recent years.\nCGS-CIMB upgraded its call on the bourse operator to \"add\" from \"hold\". It maintained its target price of S$10.40 on the counter, which is pegged to 25 times the brokerage's estimates for SGX's 2022 earnings.\nThe research team noted that SGX's share price has retreated around 16 per cent since it released its full-year results in August, which offers a \"palatable entry\".\nMeanwhile, RHB lowered its target price on SGX to S$10.30 from S$11.10 - pegged to 23 times its estimates for SGX's FY2022 earnings - to account for near-term elevated costs and lower-than-expected trading volumes. 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBrokers' take: SPACs will likely boost SGX's position as key financial hub in Asia\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-10 11:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.businesstimes.com.sg/companies-markets/brokers-take-spacs-will-likely-boost-sgxs-position-as-key-financial-hub-in-asia><strong>Businesstimes</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>THE Singapore Exchange (SGX) should gain from an overall higher valuation of the Singapore market, due to the listing of tech-related and new economy companies through special purpose acquisition ...</p>\n\n<a href=\"https://www.businesstimes.com.sg/companies-markets/brokers-take-spacs-will-likely-boost-sgxs-position-as-key-financial-hub-in-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"S68.SI":"新加坡交易所"},"source_url":"https://www.businesstimes.com.sg/companies-markets/brokers-take-spacs-will-likely-boost-sgxs-position-as-key-financial-hub-in-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114061392","content_text":"THE Singapore Exchange (SGX) should gain from an overall higher valuation of the Singapore market, due to the listing of tech-related and new economy companies through special purpose acquisition companies (SPACs), CGS-CIMB said.\nThe SPACs, which are blank-cheque companies that are listed to acquire and take a private company public, will likely provide \"a much-needed boost\" in investor interest and trading liquidity for the bourse operator, which has faced a slowdown in listings in recent years.\nCGS-CIMB upgraded its call on the bourse operator to \"add\" from \"hold\". It maintained its target price of S$10.40 on the counter, which is pegged to 25 times the brokerage's estimates for SGX's 2022 earnings.\nThe research team noted that SGX's share price has retreated around 16 per cent since it released its full-year results in August, which offers a \"palatable entry\".\nMeanwhile, RHB lowered its target price on SGX to S$10.30 from S$11.10 - pegged to 23 times its estimates for SGX's FY2022 earnings - to account for near-term elevated costs and lower-than-expected trading volumes. The brokerage maintained its \"neutral\" call on the counter.\nShares of SGX were trading at S$9.41 as at 10.11 am on Dec 10, down S$0.04 or 0.4 per cent.\nCGS-CIMB said the shorter listing timelines of SPACs would likely attract more listing interest, which can subsequently attract stronger trading volumes on the bourse.\nThe research team noted that SGX's SPAC listing requirements are largely aligned with the US's and are less rigid than Hong Kong's, which should \"prove advantageous\" for SGX in the medium term as a stock exchange with multi-product offerings, particularly against regional peer Hong Kong Exchange.\nAlthough SPAC listings will likely not contribute significantly to SGX's equity listing revenues - listings accounted for around 3 per cent of SGX's total revenue in FY2021 - it should help make up for the gap in product offerings from the expiry of SGX's licensing agreement with MSCI earlier this year.\nSPACs could also play a role in granting deep-tech startups access to capital and continuous funding for the long gestation period needed for their products and solutions, amid a national effort to boost research, innovation and enterprise in the Republic, CGS-CIMB said.\nAs for RHB, analyst Shekhar Jaiswal noted that SGX may face higher near-term operating expenses from the consolidation of various acquisitions, and its securities trading volumes for FY2022 are also trending below forecasts.\nHe nonetheless remains positive on SGX's long-term growth prospects from its latest acquisitions, and potential pipeline of exchange-traded fund, real estate investment trust and SPAC listings.\nJaiswal cut FY2022 earnings estimates for SGX by 4 per cent, but also raised FY2023 and FY2024 earnings estimates by 5 per cent each, to reflect a more positive long-term growth outlook.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":605335952,"gmtCreate":1639111363435,"gmtModify":1639111363435,"author":{"id":"4099923234941180","authorId":"4099923234941180","name":"Vinie Soh","avatar":"https://static.tigerbbs.com/d3cec26f2c00c8fcedd689a7af49cda4","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"&nbsp;Good","listText":"&nbsp;Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/605335952","repostId":1114061392,"repostType":4,"repost":{"id":"1114061392","pubTimestamp":1639106853,"share":"https://www.laohu8.com/m/news/1114061392?lang=&edition=full","pubTime":"2021-12-10 11:27","market":"sg","language":"en","title":"Brokers' take: SPACs will likely boost SGX's position as key financial hub in Asia","url":"https://stock-news.laohu8.com/highlight/detail?id=1114061392","media":"Businesstimes","summary":"THE Singapore Exchange (SGX) should gain from an overall higher valuation of the Singapore market, d","content":"<div>\n<p>THE Singapore Exchange (SGX) should gain from an overall higher valuation of the Singapore market, due to the listing of tech-related and new economy companies through special purpose acquisition ...</p>\n\n<a href=\"https://www.businesstimes.com.sg/companies-markets/brokers-take-spacs-will-likely-boost-sgxs-position-as-key-financial-hub-in-asia\">Web Link</a>\n\n</div>\n","source":"lsy1607307803821","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Brokers' take: SPACs will likely boost SGX's position as key financial hub in Asia</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBrokers' take: SPACs will likely boost SGX's position as key financial hub in Asia\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-10 11:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.businesstimes.com.sg/companies-markets/brokers-take-spacs-will-likely-boost-sgxs-position-as-key-financial-hub-in-asia><strong>Businesstimes</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>THE Singapore Exchange (SGX) should gain from an overall higher valuation of the Singapore market, due to the listing of tech-related and new economy companies through special purpose acquisition ...</p>\n\n<a href=\"https://www.businesstimes.com.sg/companies-markets/brokers-take-spacs-will-likely-boost-sgxs-position-as-key-financial-hub-in-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"S68.SI":"新加坡交易所"},"source_url":"https://www.businesstimes.com.sg/companies-markets/brokers-take-spacs-will-likely-boost-sgxs-position-as-key-financial-hub-in-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114061392","content_text":"THE Singapore Exchange (SGX) should gain from an overall higher valuation of the Singapore market, due to the listing of tech-related and new economy companies through special purpose acquisition companies (SPACs), CGS-CIMB said.\nThe SPACs, which are blank-cheque companies that are listed to acquire and take a private company public, will likely provide \"a much-needed boost\" in investor interest and trading liquidity for the bourse operator, which has faced a slowdown in listings in recent years.\nCGS-CIMB upgraded its call on the bourse operator to \"add\" from \"hold\". It maintained its target price of S$10.40 on the counter, which is pegged to 25 times the brokerage's estimates for SGX's 2022 earnings.\nThe research team noted that SGX's share price has retreated around 16 per cent since it released its full-year results in August, which offers a \"palatable entry\".\nMeanwhile, RHB lowered its target price on SGX to S$10.30 from S$11.10 - pegged to 23 times its estimates for SGX's FY2022 earnings - to account for near-term elevated costs and lower-than-expected trading volumes. The brokerage maintained its \"neutral\" call on the counter.\nShares of SGX were trading at S$9.41 as at 10.11 am on Dec 10, down S$0.04 or 0.4 per cent.\nCGS-CIMB said the shorter listing timelines of SPACs would likely attract more listing interest, which can subsequently attract stronger trading volumes on the bourse.\nThe research team noted that SGX's SPAC listing requirements are largely aligned with the US's and are less rigid than Hong Kong's, which should \"prove advantageous\" for SGX in the medium term as a stock exchange with multi-product offerings, particularly against regional peer Hong Kong Exchange.\nAlthough SPAC listings will likely not contribute significantly to SGX's equity listing revenues - listings accounted for around 3 per cent of SGX's total revenue in FY2021 - it should help make up for the gap in product offerings from the expiry of SGX's licensing agreement with MSCI earlier this year.\nSPACs could also play a role in granting deep-tech startups access to capital and continuous funding for the long gestation period needed for their products and solutions, amid a national effort to boost research, innovation and enterprise in the Republic, CGS-CIMB said.\nAs for RHB, analyst Shekhar Jaiswal noted that SGX may face higher near-term operating expenses from the consolidation of various acquisitions, and its securities trading volumes for FY2022 are also trending below forecasts.\nHe nonetheless remains positive on SGX's long-term growth prospects from its latest acquisitions, and potential pipeline of exchange-traded fund, real estate investment trust and SPAC listings.\nJaiswal cut FY2022 earnings estimates for SGX by 4 per cent, but also raised FY2023 and FY2024 earnings estimates by 5 per cent each, to reflect a more positive long-term growth outlook.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":605308372,"gmtCreate":1639107920146,"gmtModify":1639108503830,"author":{"id":"3575143606799200","authorId":"3575143606799200","name":"KK2021","avatar":"https://static.tigerbbs.com/e57decb2950e37ceb12176c97c9be2c4","vip":1,"crmLevel":8,"crmLevelSwitch":0},"htmlText":"Wowq","listText":"Wowq","text":"Wowq","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/605308372","repostId":1114061392,"repostType":4,"repost":{"id":"1114061392","pubTimestamp":1639106853,"share":"https://www.laohu8.com/m/news/1114061392?lang=&edition=full","pubTime":"2021-12-10 11:27","market":"sg","language":"en","title":"Brokers' take: SPACs will likely boost SGX's position as key financial hub in Asia","url":"https://stock-news.laohu8.com/highlight/detail?id=1114061392","media":"Businesstimes","summary":"THE Singapore Exchange (SGX) should gain from an overall higher valuation of the Singapore market, d","content":"<div>\n<p>THE Singapore Exchange (SGX) should gain from an overall higher valuation of the Singapore market, due to the listing of tech-related and new economy companies through special purpose acquisition ...</p>\n\n<a href=\"https://www.businesstimes.com.sg/companies-markets/brokers-take-spacs-will-likely-boost-sgxs-position-as-key-financial-hub-in-asia\">Web Link</a>\n\n</div>\n","source":"lsy1607307803821","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Brokers' take: SPACs will likely boost SGX's position as key financial hub in Asia</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBrokers' take: SPACs will likely boost SGX's position as key financial hub in Asia\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-10 11:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.businesstimes.com.sg/companies-markets/brokers-take-spacs-will-likely-boost-sgxs-position-as-key-financial-hub-in-asia><strong>Businesstimes</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>THE Singapore Exchange (SGX) should gain from an overall higher valuation of the Singapore market, due to the listing of tech-related and new economy companies through special purpose acquisition ...</p>\n\n<a href=\"https://www.businesstimes.com.sg/companies-markets/brokers-take-spacs-will-likely-boost-sgxs-position-as-key-financial-hub-in-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"S68.SI":"新加坡交易所"},"source_url":"https://www.businesstimes.com.sg/companies-markets/brokers-take-spacs-will-likely-boost-sgxs-position-as-key-financial-hub-in-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114061392","content_text":"THE Singapore Exchange (SGX) should gain from an overall higher valuation of the Singapore market, due to the listing of tech-related and new economy companies through special purpose acquisition companies (SPACs), CGS-CIMB said.\nThe SPACs, which are blank-cheque companies that are listed to acquire and take a private company public, will likely provide \"a much-needed boost\" in investor interest and trading liquidity for the bourse operator, which has faced a slowdown in listings in recent years.\nCGS-CIMB upgraded its call on the bourse operator to \"add\" from \"hold\". It maintained its target price of S$10.40 on the counter, which is pegged to 25 times the brokerage's estimates for SGX's 2022 earnings.\nThe research team noted that SGX's share price has retreated around 16 per cent since it released its full-year results in August, which offers a \"palatable entry\".\nMeanwhile, RHB lowered its target price on SGX to S$10.30 from S$11.10 - pegged to 23 times its estimates for SGX's FY2022 earnings - to account for near-term elevated costs and lower-than-expected trading volumes. The brokerage maintained its \"neutral\" call on the counter.\nShares of SGX were trading at S$9.41 as at 10.11 am on Dec 10, down S$0.04 or 0.4 per cent.\nCGS-CIMB said the shorter listing timelines of SPACs would likely attract more listing interest, which can subsequently attract stronger trading volumes on the bourse.\nThe research team noted that SGX's SPAC listing requirements are largely aligned with the US's and are less rigid than Hong Kong's, which should \"prove advantageous\" for SGX in the medium term as a stock exchange with multi-product offerings, particularly against regional peer Hong Kong Exchange.\nAlthough SPAC listings will likely not contribute significantly to SGX's equity listing revenues - listings accounted for around 3 per cent of SGX's total revenue in FY2021 - it should help make up for the gap in product offerings from the expiry of SGX's licensing agreement with MSCI earlier this year.\nSPACs could also play a role in granting deep-tech startups access to capital and continuous funding for the long gestation period needed for their products and solutions, amid a national effort to boost research, innovation and enterprise in the Republic, CGS-CIMB said.\nAs for RHB, analyst Shekhar Jaiswal noted that SGX may face higher near-term operating expenses from the consolidation of various acquisitions, and its securities trading volumes for FY2022 are also trending below forecasts.\nHe nonetheless remains positive on SGX's long-term growth prospects from its latest acquisitions, and potential pipeline of exchange-traded fund, real estate investment trust and SPAC listings.\nJaiswal cut FY2022 earnings estimates for SGX by 4 per cent, but also raised FY2023 and FY2024 earnings estimates by 5 per cent each, to reflect a more positive long-term growth outlook.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":43,"commentSize":3,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}