SGX: MAS has reprimanded SGX for its ‘below service recovery standards’ that contributed to 2 prolonged market outages in 2014. To improve its infrastructure and disaster recovery process systems, SGX will invest $20m, with another $1m pledged towards its Investor Education Fund. The $21m is a small price to pay to assuage investor concerns about the safety of SGX’s markets.
Deutsche maintains its BUY rating and unchanged TP: $9.70 as they await clarity from management about the expense timeline, the amortization schedule, and revenue benefits (if any).
No comments:
Post a Comment