Singapore Exchange Ltd.

In the news

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Asian stocks post weekly loss amid China virus outbreak Jan 24, 2020
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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

Singapore Exchange Ltd. is 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 segments: Equities, Fixed Income, Currencies and Commodities, Data, Connectivity & Indices, and Corporate. The Fixed Income, Currencies and Commodities segment engages in Provision of fixed income issuer services, trading and clearing services and collateral management. The Equities segment engages in Provision of issuer services, securities trading and clearing, securities settlement and depository management, derivatives trading and clearing and collateral management. The Data, Connectivity & Indices segment engages in Provision of market data, connectivity and indices services. The Corporate segment is a non-operating segment comprising corporate activities which are not allocated to the three operating segments. The company was founded on August 21, 1999 and is headquartered in Singapore.

Financial Highlights

Jun 2022	SGD	USD
Revenue	1,107.64M	814.49M
Gross Profit	941.76M	692.52M
Operating income	553.17M	406.76M
Income before tax	555.12M	408.20M
Net income	451.39M	331.93M
EBITDA	649.82M	477.84M
Diluted EPS	0.41	0.30
Dividends Per Share	0.32	0.23
Total Assets	3,855.48M	2,770.34M
Total liabilities	2,306.02M	1,656.98M
Total equity	1,544.40M	1,109.72M
Operating cash flow	606.22M	445.78M
	Currency in SGD	Currency in USD

Historical Data

SGD | USD

	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022
Revenue	855.15M	909.74M	1,053.18M	1,055.12M	1,107.64M
Gross Profit	572.43M	799.97M	909.58M	897.66M	941.76M
Operating income	436.28M	461.56M	567.69M	537.00M	553.17M
Income before tax	437.47M	474.48M	573.24M	540.76M	555.12M
Net income	363.20M	391.09M	471.81M	445.40M	451.39M
EBITDA	496.93M	524.08M	657.56M	631.53M	649.82M
Diluted EPS	0.33	0.36	0.43	0.41	0.41
Dividends Per Share	0.30	0.30	0.30	0.32	0.32
Total Assets	2,118.30M	2,132.28M	2,679.48M	3,022.55M	3,855.48M
Total liabilities	1,022.07M	1,041.43M	1,430.20M	1,632.78M	2,306.02M
Total equity	1,096.23M	1,090.84M	1,244.84M	1,384.90M	1,544.40M
Operating cash flow	448.71M	419.92M	637.70M	569.79M	606.22M

	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022
Revenue	637.08M	666.34M	761.10M	783.49M	814.49M
Gross Profit	426.45M	585.94M	657.32M	666.57M	692.52M
Operating income	325.03M	338.07M	410.25M	398.76M	406.76M
Income before tax	325.91M	347.53M	414.26M	401.54M	408.20M
Net income	270.58M	286.46M	340.96M	330.74M	331.93M
EBITDA	370.21M	383.86M	475.19M	468.95M	477.84M
Diluted EPS	0.25	0.26	0.31	0.30	0.30
Dividends Per Share	0.22	0.21	0.22	0.23	0.23
Total Assets	1,553.58M	1,576.02M	1,920.71M	2,248.58M	2,770.34M
Total liabilities	749.59M	769.75M	1,025.19M	1,214.68M	1,656.98M
Total equity	803.98M	806.27M	892.33M	1,030.28M	1,109.72M
Operating cash flow	334.29M	307.57M	460.85M	423.11M	445.78M

Valuation Measures

Jun 2022
PER	22.40
ROA	13.12%
ROE	30.81%
Operating margin	49.94%
Profit margin	40.75%

Key executives

CEO & Non-Independent Executive Director: Boon Chye Loh
Head-Operations & Market Services: Nico Torchetti
Chief Financial Officer: Yao Loong Ng
Chief Technology Officer & Senior MD: Tinku Gupta
Co-Secretary, Legal & Compliance: Kim Ming Seah

Shareholders

Temasek Holdings Pte Ltd. (Investment Company) (23.3%)
FIL Investment Advisors (UK) Ltd. (2.4%)
BlackRock Fund Advisors (2.0%)
The Vanguard Group, Inc. (2.0%)
Schroder Investment Management (Singapore) Ltd. (1.5%)
Schroder Investment Management Ltd. (1.2%)
Geode Capital Management LLC (0.9%)
JPMorgan Asset Management (Asia Pacific) Ltd. (0.8%)
Norges Bank Investment Management (0.7%)
AllianceBernstein LP (0.5%)

Contact Details

Website:http://www.sgx.com
Address: 2 Shenton Way, No. 02-02, SGX Centre 1, Singapore, 068804, Singapore
Phone: +65.6236.8888

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Competitors

Nasdaq, Inc.
Bursa Malaysia Bhd.
Deutsche Boerse AG
PT Telkom Indonesia (Persero) Tbk Class B

Last Updated on 29 Sep, 2022