SGX

SGX: Group signed a MOU to develop fixed income access between Singapore and Philippines. Also included in the MOU is the development of trading platforms to support cross-border fixed income trading. SGX and Philippine Deal System will also explore the development of cross-border and intra-regional clearing, settlement and depository services for these fixed income markets. With bond markets in Asia growing significantly and strong demand from investors for price transparency and liquidity in this asset class, this collaboration between SGX and PDS is therefore timely and beneficial to investors. SGX trades at 28x trailing P/E; HK Exchange at 36x.