SGX: (S$7.49) Apr trading volume plunges; cash hoard to support future M&As
- Apr securities turnover shrank 21% y/y, 23% m/m
- Derivatives volumes slid 8% y/y, 12% m/m
- Commodities derivaties soared 183% y/y but slipped 19% m/m
- Despite the unexciting monthly metrics, SGX has multiple avenu7es for growth including a solid balance sheet as well as stable dividend payouts.
- Not cheap currently though. 22.5x forward P/E and 4.1% indicative yield
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