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Finance

Singapore Exchange Ltd.

  • 7.38 SGD
  • +0.04
  • +0.54%
  • Singapore
    Aug 16, 2018
  • Ticker
    SES(S68)
  • Prev. close
    7.34
  • Market cap (SGD)
    7,865.85M
  • Market cap (USD)
    5,715.63M
  • Shares
    1,071.64M

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

Singapore Exchange Ltd. operates as an investment holding company, which engages in the treasury management, provision of management and administrative services to related corporations, provision of contract processing and technology connectivity services. It operates through the following business segments: Equities and Fixed Income, Derivatives, Market Data and Connectivity, and Corporate. The Equities and Fixed Income segment provides issuer services, securities trading and clearing, post trade services, membership and collateral management. The Derivatives segment provides trading and clearing services, membership and collateral management. The Market Data and Connectivity segment provides market data and connectivity services. The Corporate segment is a non-operating segment comprising corporate activities which are not allocated to the three operating segments described above. The company was founded on August 21, 1999 and is headquartered in Singapore.

Financial Highlights

Jun 2018 SGDUSD
Revenue845.12M629.61M
Gross Profit562.20M418.84M
Operating income426.06M317.41M
Income before tax437.47M325.91M
Net income363.20M270.58M
EBITDA486.90M362.73M
Diluted EPS0.330.25
Dividends Per Share0.300.22
Total Assets2,114.93M1,551.10M
Total liabilities1,018.70M747.12M
Total equity1,096.23M803.98M
Operating cash flow448.71M334.29M
Currency in SGDCurrency in USD

Historical Data

 Jun 2014Jun 2015Jun 2016Jun 2017Jun 2018
Revenue 691.52M 784.62M 828.88M 806.44M 845.12M
Gross Profit 491.02M 530.50M 551.48M 541.32M 562.20M
Operating income 376.35M 408.00M 420.03M 412.81M 426.06M
Income before tax 376.61M 409.64M 414.84M 408.88M 437.47M
Net income 320.43M 348.61M 349.01M 339.69M 363.20M
EBITDA 421.94M 465.27M 479.88M 470.34M 486.90M
Diluted EPS 0.29 0.32 0.32 0.31 0.33
Dividends Per Share 0.28 0.28 0.28 0.28 0.30
Total Assets 1,641.08M 1,803.85M 2,110.56M 2,046.60M 2,114.93M
Total liabilities 719.00M 827.45M 1,120.98M 1,014.07M 1,018.70M
Total equity 922.07M 976.39M 989.58M 1,032.53M 1,096.23M
Operating cash flow 365.18M 431.40M 435.04M 393.27M 448.71M
 Jun 2014Jun 2015Jun 2016Jun 2017Jun 2018
Revenue 548.89M 598.54M 596.36M 579.19M 629.61M
Gross Profit 389.74M 404.69M 396.78M 388.78M 418.84M
Operating income 298.73M 311.24M 302.20M 296.48M 317.41M
Income before tax 298.93M 312.49M 298.47M 293.66M 325.91M
Net income 254.34M 265.93M 251.11M 243.97M 270.58M
EBITDA 334.92M 354.93M 345.27M 337.80M 362.73M
Diluted EPS 0.23 0.24 0.23 0.22 0.25
Dividends Per Share 0.22 0.21 0.20 0.20 0.22
Total Assets 1,316.39M 1,339.65M 1,568.14M 1,486.44M 1,551.10M
Total liabilities 576.74M 614.52M 832.89M 736.51M 747.12M
Total equity 739.64M 725.13M 735.25M 749.92M 803.98M
Operating cash flow 289.86M 329.09M 313.00M 282.45M 334.29M

Valuation Measures

Jun 2018
PER21.15
ROA17.45%
ROE34.12%
Operating margin50.41%
Profit margin42.97%

Key executives

  • Chief Executive Officer & Director: Boon Chye Loh
  • President & Chief Operating Officer: Muthukrishnan Ramaswami
  • Chief Financial Officer: Lay Chew Chng
  • Legal, Compliance & Corporate Secretariat: Glenn Seah
  • Executive Vice President & Head-Listings: Liang Ying Wong

Shareholders

  • Temasek Holdings Pte Ltd. (Investment Company) (23.3%)
  • Japan Exchange Group, Inc. (4.9%)
  • The Vanguard Group, Inc. (1.9%)
  • BlackRock Fund Advisors (1.2%)
  • Norges Bank Investment Management (1.1%)
  • CPH Capital Fondsmaeglerselskab A/S (0.7%)
  • Epoch Investment Partners, Inc. (0.7%)
  • Columbia Wanger Asset Management LLC (0.5%)
  • JF Asset Management Ltd. (0.4%)
  • Jupiter Asset Management Ltd. (0.2%)

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. (Broker)
  • Singapore Exchange Ltd. (Illinois)
  • 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

    Last Updated on 16 Aug, 2018

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