SGX's share price correction over Nifty dispute deemed overdone by OCBC

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SINGAPORE (June 1): OCBC Investment Research is maintaining its “Buy” call on Singapore Exchange (SGX), while dropping its fair value to S$7.89 from S$8.22 previously.

This is to account for the bourse’s current legal tussle with the National Stock Exchange of India (NSE) over its planned launch of new India derivatives products.

Although the research house has kept FY18 earnings forecasts largely intact, it has revised its FY19 earnings downwards to account for a potential hit to...(click on link for full story on