Singapore Exchange Ltd
S68: XSES (SGP)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
SGD 85.30 | Qxfs | Xjkbpphr |
Singapore Exchange: Valuation Adjusted Down but Shares Still Screen as Undervalued
We adjusted the fair value estimate for wide-moat Singapore Exchange down by 5% to SGD 12.40 to account for smaller trading volumes in the equity division fiscal year to date and the possibility that China’s economic woes will persist for longer than previously forecast. The exchange’s shares continue to trade at a material discount to our fair value estimate.