SGX: Full day trading to start in 2Q. 3Q Results were generally in-line with net profit at $67m, which was approx $77m excld merger costs and gains from disposal. Derivative revenues showed a gain of 14.1%qoq which offsets securities revenue which fell 9.1%qoq...
Houses maintaining Buy are DB, cuts TP to $9.50 from $10.50 and UBS cuts TP$9.30 from $9.70. CIMB maintains Outperform with TP$10.12. JPM maintains Neutral and CS maintains Neutral as well but cuts TP to $9.00 from $9.40. IIFL maintains Reduce TP$7.40.
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