Shares of Singapore Exchange (SGXL.SI), Asia’s second-largest listed bourse operator, fell as much as 1.4% ahead of fiscal second-quarter results that will likely slow a sharp drop in net profit.
At 12:06 p.m., SGX shares were down 1.4% at $6.15, underperforming the broader Straits Times Index <.FTSTI> which was 1.2% lower. SGX fell 27% last year.
Five analysts surveyed by Reuters had an average net profit forecast of $60 million for SGX — the lowest net profit figure since Jan-March 2009.
At 12:06 p.m., SGX shares were down 1.4% at $6.15, underperforming the broader Straits Times Index <.FTSTI> which was 1.2% lower. SGX fell 27% last year.
Five analysts surveyed by Reuters had an average net profit forecast of $60 million for SGX — the lowest net profit figure since Jan-March 2009.
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