SGX had its ups and downs this year. It rebounded strongly from its March lows of $8.06 to hit a 5 year high of $10.39 in one month. One month later after hitting all time high, it announced that it is reducing its licence agreement with MSCI from February 2021. Both MSCI and SGX will retain their partnership on MSCI Singapore Index products and will both work to extend it well beyond 2021, while other products will expire in February 2021. This resulted in its share price to crash 18% in 2 days.
Share price of SGX has been hovering around $8 level for 2 months ever since the crash and just recently it announced that its revenue exceeds $1B at $1.05B, increased 16% YOY, the highest since listing. Net Profit and EPS are at $472M and 44.1cents, 21% higher YOY for both. Company proposed dividend for the latest quarter at 8 cents, up 0.5 cent. The annualised quarterly dividend going forward will be 32 cents, an increase of 7%....