Singapore Exchange Ltd.
In the news
- Ramadan begins, SGX results and rural India reopens Apr 19, 2020
- SGX-backed startup cleared to run digitized securities exchange Feb 3, 2020
- Asian stocks post weekly loss amid China virus outbreak Jan 24, 2020
- Singapore to drop quarterly reporting rule for listed companies Jan 9, 2020
- Singapore aims to be Asia LNG hub as demand soars Dec 30, 2019 See more articles on Singapore Exchange Ltd.
Company Background
Singapore Exchange (SGX) plays a key role in Asia's securities and derivatives market, offering the world's largest offshore market for Asian equities index derivatives. Its markets attract many overseas players, and approximately 40% of listed companies have their origins overseas. The company was formed in 1999 through a consolidation of three Singaporean companies that ran exchanges and clearing services, namely Stock Exchange of Singapore (SES), Singapore International Monetary Exchange (Simex) and Securities Clearing and Computer Services (SCCS). The company went public in November 2000. Over 20% of SGX shares are held by SEL Holdings, a special-purpose company wholly owned by Temasek Holdings under Singapore's regulations that restrict the exercise of votes attached to shares of financial exchange companies.
Magnus Bocker was appointed CEO in December 2009. Prior to joining SGX, he spearheaded the creation of the Nordic Exchanges Company (OMX), the world's largest provider of technology solutions for exchanges and clearing organizations. He also played a key role in OMX's merger with Nasdaq in 2008, eventually becoming president of Nasdaq OMX. Under Bocker's leadership, SGX has been diversifying its derivatives offerings. In recent years, SGX has launched Chinese yuan futures contracts as well as gold futures, the "Singapore Kilobar Gold Contract."
Business Summary
Financial Highlights
| Jun 2019 | SGD | USD |
| Revenue | 909.74M | 666.34M |
| Gross Profit | 800.23M | 586.13M |
| Operating income | 461.82M | 338.26M |
| Income before tax | 472.98M | 346.43M |
| Net income | 391.09M | 286.46M |
| EBITDA | 524.08M | 383.86M |
| Diluted EPS | 0.36 | 0.26 |
| Dividends Per Share | 0.30 | 0.21 |
| Total Assets | 2,132.28M | 1,576.02M |
| Total liabilities | 1,041.43M | 769.75M |
| Total equity | 1,090.84M | 806.27M |
| Operating cash flow | 419.92M | 307.57M |
| Currency in SGD | Currency in USD |
Historical Data
| Jun 2015 | Jun 2016 | Jun 2017 | Jun 2018 | Jun 2019 | |
| Revenue | 784.62M | 828.88M | 806.44M | 855.15M | 909.74M |
| Gross Profit | 530.50M | 551.48M | 541.32M | 572.43M | 800.23M |
| Operating income | 408.00M | 420.03M | 412.81M | 436.28M | 461.82M |
| Income before tax | 409.64M | 414.84M | 408.88M | 437.47M | 472.98M |
| Net income | 348.61M | 349.01M | 339.69M | 363.20M | 391.09M |
| EBITDA | 465.27M | 479.88M | 470.34M | 496.93M | 524.08M |
| Diluted EPS | 0.32 | 0.32 | 0.31 | 0.33 | 0.36 |
| Dividends Per Share | 0.28 | 0.28 | 0.28 | 0.30 | 0.30 |
| Total Assets | 1,803.85M | 2,110.56M | 2,046.60M | 2,118.30M | 2,132.28M |
| Total liabilities | 827.45M | 1,120.98M | 1,014.07M | 1,022.07M | 1,041.43M |
| Total equity | 976.39M | 989.58M | 1,032.53M | 1,096.23M | 1,090.84M |
| Operating cash flow | 431.40M | 435.04M | 393.27M | 448.71M | 419.92M |
| Jun 2015 | Jun 2016 | Jun 2017 | Jun 2018 | Jun 2019 | |
| Revenue | 598.54M | 596.36M | 579.19M | 637.08M | 666.34M |
| Gross Profit | 404.69M | 396.78M | 388.78M | 426.45M | 586.13M |
| Operating income | 311.24M | 302.20M | 296.48M | 325.03M | 338.26M |
| Income before tax | 312.49M | 298.47M | 293.66M | 325.91M | 346.43M |
| Net income | 265.93M | 251.11M | 243.97M | 270.58M | 286.46M |
| EBITDA | 354.93M | 345.27M | 337.80M | 370.21M | 383.86M |
| Diluted EPS | 0.24 | 0.23 | 0.22 | 0.25 | 0.26 |
| Dividends Per Share | 0.21 | 0.20 | 0.20 | 0.22 | 0.21 |
| Total Assets | 1,339.65M | 1,568.14M | 1,486.44M | 1,553.58M | 1,576.02M |
| Total liabilities | 614.52M | 832.89M | 736.51M | 749.59M | 769.75M |
| Total equity | 725.13M | 735.25M | 749.92M | 803.98M | 806.27M |
| Operating cash flow | 329.09M | 313.00M | 282.45M | 334.29M | 307.57M |
Valuation Measures
| Jun 2019 | |
| PER | 21.66 |
| ROA | 18.40% |
| ROE | 35.76% |
| Operating margin | 50.76% |
| Profit margin | 42.98% |
Key executives
- CEO & Non-Independent Executive Director: Boon Chye Loh
- Chief Financial Officer: Lay Chew Chng
- Chief Technology Officer & Senior MD: Tinku Gupta
- Co-Secretary, Legal & Compliance: Kim Ming Seah
- EVP, Head-Equities & Fixed Income: Sutat Chew
Shareholders
- Temasek Holdings Pte Ltd. (Investment Company) (23.3%)
- Japan Exchange Group, Inc. (3.4%)
- The Vanguard Group, Inc. (2.3%)
- BlackRock Fund Advisors (1.9%)
- Formuepleje A/S Fondsmaeglerselskab (1.3%)
- AllianceBernstein LP (1.0%)
- Norges Bank Investment Management (0.7%)
- APG Asset Management NV (0.7%)
- Epoch Investment Partners, Inc. (0.4%)
- Goldman Sachs Asset Management LP (0.4%)
Contact Details
- Website:http://www.sgx.com
- Address: 2 Shenton Way, No. 02-02, SGX Centre 1, Singapore, 068804, Singapore
- Phone: +65.6236.8888
Related Companies
- Singapore Exchange Ltd. (United Kingdom)
- Singapore Exchange Ltd. (Broker)
- Singapore Exchange Ltd. (Illinois)
- Sgx Bond Trading Pte Ltd.
- Scientific Beta Pte Ltd.
- Baltic Exchange Ltd.
- Singapore Exchange
- SGX Investment (Mauritius) Ltd.
- Asian Gateway Investments Pte. Ltd.
- Singapore Exchange Securities Trading Ltd.
- Singapore Exchange Derivatives Clearing Ltd.
- Singapore Commodity Exchange Ltd.
- Singapore Exchange Derivatives Trading Ltd.
- Joint Asian Derivatives Pte Ltd.
- SGX MSCI Taiwan Index
- Central Depository Pte Ltd.
- Singapore Exchange IT Solutions Pte Ltd.
Competitors
- Deutsche Boerse AG
- PT Telekomunikasi Indonesia (Persero) Tbk. Class B
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Last Updated on 3 Jul, 2020