Should I buy SGX stock in 2025?

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At HelloSafe, our expert has been monitoring the performance of SGX for more than three years. Every month, hundreds of thousands of users in Singapore rely on us to interpret market trends and highlight the best investment opportunities. Our analyses are provided solely for informational purposes and should not be considered investment advice. In line with our ethical charter, we have never been, and will never be, compensated by SGX.

What is SGX?

How much is SGX stock?

The price of SGX stock is rising this week. Currently trading at SGD 14.40, SGX has gained 0.14% in the past 24 hours and surged an impressive 14.50% over the week, bringing its market capitalization to SGD 15.42 billion.

The stock trades at an average daily volume of about 3.26 million shares over the last three months, with a P/E Ratio of 23.61, a dividend yield of 2.50%, and a low beta of 0.22, indicating relative stability.

With strong performance and low volatility, SGX stands out as a robust investment choice for those seeking steady returns in Singapore’s financial sector.

Our full analysis on SGX stock

Singapore Exchange Limited (SGX) has recently published a robust set of financial results, capping a period of notable stock outperformance over the past three years. Leveraging our proprietary analytics, which synthesize a broad spectrum of financial metrics, technical market signals, competitive benchmarking, and sector trends, we have conducted a comprehensive examination of SGX’s strategic trajectory. In a market recalibrating for quality growth and resilience, the essential question arises: what factors could make SGX stock a renewed strategic gateway to the dynamic Asian exchange sector in 2025?

Recent Performance and Market Context

Over the last 12 months, SGX (S68.SI) has showcased exceptional market resilience, closing at SGD 14.40 as of May 10, 2025, and advancing 56.86% year-on-year. This outsized annual performance stands out not only against the broader Straits Times Index (STI)—which delivered low double-digit returns in the same period—but also relative to many global peers in the exchange business. The current six-month gain of 25.76% and a particularly strong +14.5% rally in the past week indicate revived institutional and retail interest, as demonstrated by the above-average 3-month daily trading volume of 3.26 million shares.

This performance surge closely mirrors a series of favorable company-specific developments:

• February 2025’s robust half-year results, with revenue and net profit (SGD 646M and SGD 320M, respectively) in line with, and in some areas surpassing, consensus analyst estimates.
• Dividend appeal, with a well-supported 2.5% yield; the recent ex-dividend date (May 8) and imminent payout (May 19) reinforce SGX’s status as a steady income play.
• Expansion of diverse product offerings—notably in derivatives and fixed income—which are vital in attracting regional and global flows.

Macroscopically, SGX continues to benefit from Singapore’s role as Asia’s pre-eminent financial hub. Elevated geo-economic tensions elsewhere in the region, coupled with the city-state’s reputation for regulatory stability, are incentivizing capital flows to home-market assets—SGX included. The ongoing digitalization of capital markets, as well as rapidly developing ESG preferences among institutional clients, have driven a sector tailwind from which SGX is uniquely positioned to benefit.

Technical Analysis

From a technical standpoint, SGX is painting a distinctly bullish picture:

• Trading at SGD 14.40, the stock sits just beneath its 52-week high (SGD 14.80), suggesting robust momentum.
• All moving averages (20, 50, 100, and 200 days) are trending below current price levels, an overt sign of sustained upward trend across both short- and long-term horizons.
• Relative Strength Index (RSI) at 53.38 reflects a balanced, non-overbought condition with upside potential; the market is neither stretched nor signaling exhaustion.
• MACD at 0.06 supports continuation, with no negative divergence in sight.

Crucially, support has materialized at SGD 14.33 (the recent daily low), providing a clear technical floor, while the resistance at SGD 14.80 appears primed for retesting given current price action. Short- and medium-term market structure remains constructive: trend-following strategies are well supported, and technical reversal risk is muted thanks to the stock consistently holding above all its major moving averages. This suggests that SGX is entering, or may indeed be consolidating, a new bullish phase.

Fundamental Analysis

SGX’s fundamental profile exudes strength and stability, making a compelling case for renewed investor focus:

• Revenue and Profitability: The latest half-year numbers (revenue SGD 646M; net profit SGD 320M) are not only solid in absolute terms but also reflect consistent execution amid a shifting global financial landscape. The expected mid-single-digit annual revenue growth is particularly notable for a mature exchange operator.
• Valuation: At a trailing P/E of 23.61, SGX is trading at a justified premium to the ASEAN exchange peer group, which typically trades in the high teens to low twenties. This slight premium is warranted given the company’s monopolistic market positioning, technological leadership, and resilient earnings base. Notably, the stock’s consensus price target (SGD 18.72, ~+30% from current levels) underscores significant accretive upside, which appears more achievable given recent performance.
• Dividend Stability: A 2.5% yield, covered by robust earnings and supported by a strong balance sheet, adds a layer of cash-flow reliability that is especially attractive in volatile or late-cycle markets.
• Innovation and Market Share: SGX’s investment in digital infrastructure, its first-mover expansion into ESG-linked products, and its entrenched position as Singapore’s dominant exchange all create durable moats that competitors have struggled to erode.
• Brand and Governance: With approximately 75% institutional shareholding and strong insider alignment under CEO Loh Boon Chye, investors can have confidence in both stewardship and future direction.

Volume and Liquidity

Sustained liquidity has been the hallmark of SGX through both benign and volatile market phases. With a 3-month average daily volume of 3.26 million shares, SGX enjoys a broad, dynamic float—an indicator of persistent market confidence and ease of entry/exit for investors at all scales. This vibrancy underpins tighter spreads and supports more accurate price discovery, thereby allowing valuation multiples to respond dynamically to changing market sentiment and fundamentals. In the current context, high liquidity brings an additional measure of security and agility for portfolio positioning.

Catalysts and Positive Outlook

SGX’s outlook is underpinned by a confluence of structural and strategic catalysts, each poised to reinforce its growth narrative through 2025 and beyond:

• Product Innovation: Continued expansion into derivatives, fixed income, and ESG assets not only diversifies revenue streams but also positions SGX at the leading edge of new capital market trends.
• M&A and Strategic Initiatives: The company’s ongoing digital transformation, alongside deepened regional connectivity projects (such as enhanced trading linkages with China and India), supports both earnings growth and future market share capture.
• Favorable Regulatory and Macro Context: Singapore’s regulatory predictability and ongoing status as a neutral, globally-trusted financial center makes SGX a “default beneficiary” of Asian capital rotation.
• ESG and Institutional Demand: The introduction of new ESG-linked contracts and indices resonates with both international and domestic institutions seeking sustainable investment vehicles, suggesting a structural rise in demand.
• Guided by Positive Analyst Consensus: With a consensus price target 30% above current levels and zero recent negative earnings surprises, market sentiment remains decisively bullish.

This matrix of drivers supports a view that SGX is not just maintaining its leadership, but potentially setting the stage for another step-change in earnings and valuation multiples.

Investment Strategies

Whether considering short, medium, or long-term horizons, SGX’s current profile offers a spectrum of compelling entry arguments:

• Short-term: The stock’s technical structure—proximity to its support, trading momentum above all major moving averages, and mounting investor interest post-earnings—provides an optimal setup for tactical allocations seeking capital appreciation over weeks to months.
• Medium-term: A clear calendar of catalysts (such as upcoming dividend payouts, further product launches, and quarterly reporting dates) offers directional clarity for investors seeking income and growth through 2025.
• Long-term: For those with an extended investment horizon, SGX’s monopoly over Singapore’s capital markets, consistent dividend policy, and capacity to adapt to the ongoing digital and ESG revolution present a thesis of sustained total return potential.

It is also notable that the stock is accessible to CPFIS participants and enjoys favorable tax treatment for local investors, enhancing its appeal for systematic portfolio inclusion.

Is It the Right Time to Buy SGX?

Drawing on the convergence of recent performance, technical momentum, robust business fundamentals, and a clear set of forward-looking catalysts, SGX appears to present an unusually balanced and attractive opportunity at this juncture. The stock’s justified premium, unwavering liquidity, innovation leadership, and embedded growth drivers stand out in an otherwise uncertain regional landscape. For investors seeking exposure to a high-quality, growth-oriented, and income-generating core holding in Asia’s premier exchange sector, SGX seems to represent an excellent opportunity for renewed interest.

The evidence points to a market phase where SGX is not merely resilient, but is arguably at an inflection point—poised to enter a fresh bullish cycle supported by both cyclical and structural dynamics. As always, prospective investors should align their strategies to personal risk-tolerance and time horizon. However, all signs indicate that SGX is particularly well positioned—technically, fundamentally, and strategically—to reward those who choose to seriously consider adding it to their portfolios in 2025.

The confluence of momentum, earnings quality, defensive attributes, and clear long-term growth vision makes SGX one of the sector’s most option-rich and conviction-worthy stocks on the Singapore market—an opportunity demanding thoughtful attention from discerning market participants.

How to buy SGX stock in Singapore?

Buying SGX stock online is both simple and secure for investors in Singapore. Regulated brokers, overseen by the Monetary Authority of Singapore (MAS), provide user-friendly platforms where you can safely place orders for Singapore Exchange Limited (SGX: S68.SI) shares. There are two main ways to buy SGX stock: direct cash (spot) purchase, where you own the physical shares, and trading via Contracts for Difference (CFDs), allowing leveraged exposure to price movements without owning the asset. Each suits different investor profiles—see our broker comparison further down the page to find the best fit for your needs.

Cash Buying

A cash purchase means buying SGX shares outright on the local exchange, making you the genuine owner. This method is straightforward: you pay the full amount, receive the shares in your CDP (Central Depository) account, and benefit from price appreciation and dividends. Most local brokers charge a fixed commission per order, often around SGD 5–10, plus a small clearing fee.

Example

Example: If SGX shares trade at SGD 14.40 and the brokerage fee is SGD 5, with SGD 1,000 you can buy approximately 69 shares ((SGD 1,000 – SGD 5) ÷ SGD 14.40 ≈ 69 shares).
✔️ Gain scenario: If the share price rises by 10%, your 69 shares are now worth about SGD 1,100.
Result: +SGD 100 gross gain, or +10% on your investment.

Trading via CFD

CFD (Contract for Difference) trading lets you speculate on SGX share price movements without owning the underlying shares. You can go long (buy) or short (sell), and apply leverage, meaning you can gain greater exposure with a smaller upfront amount. Fees are calculated via the “spread” (difference between buy and sell prices) and overnight financing costs if you hold leveraged positions over several days.

Example

Example: With SGD 1,000 and 5× leverage, you control a position worth SGD 5,000 on SGX shares.
✔️ Gain scenario: If the stock rises by 8%, your position gains 8% × 5 = 40%.
Result: +SGD 400 gain on your SGD 1,000 stake (excluding fees and financing charges).

Final Advice

Before buying SGX shares, take time to compare brokers’ fees, available features, and trading conditions—costs and services can differ significantly. Your preferred method—cash buying or CFD trading—should align with your investment horizon and risk profile. Review the detailed broker comparator further down this page to help identify the best option for your personal objectives.

Our 7 tips for buying SGX stock

The latest news about SGX

SGX shares surged over 14% in the past week, reaching multi-year highs on robust buying interest. This sharp weekly advance positions Singapore Exchange Limited (SGX) among the region’s top-performing financial stocks, underlining renewed investor confidence. The demand is supported by healthy trading volumes—over 3.26 million shares changing hands daily—from both local and international market participants. The stock is now trading near its 52-week high at SGD 14.40, buoyed by sustained earnings momentum and optimistic market sentiment, making it a focal point for professional analysts in Singapore.

SGX released strong half-year results, maintaining steady growth in revenue and net profit. For the first half of FY2025, SGX reported revenue of SGD 646 million and net profit of SGD 320 million, with earnings per share at 29.9 cents. Financial performance met analyst expectations, reinforcing SGX’s reputation for operational consistency. These results have reassured institutional investors and reaffirmed SGX’s capacity to generate stable returns, validating its attractive fundamentals and dividend policy for local shareholders.

Technical indicators signal ongoing bullish momentum, with stock trading above all key moving averages. SGX’s current price stands firmly above the 20, 50, 100, and 200-day moving averages. Additionally, a moderate RSI of 53.38 and a MACD reading of 0.06 suggest there is continued upside potential without an imminent risk of the stock becoming overbought. The technical setup, combined with a low beta of 0.22, highlights the stock’s resilience and reduced volatility compared to regional peers, making it appealing for risk-sensitive investors in Singapore.

Recent ex-dividend date and attractive, tax-exempt dividend yield continue to support SGX’s appeal to Singapore investors. SGX’s ex-dividend date on May 8, with payment set for May 19, cements its role as a consistent dividend provider. With a current yield of 2.5% and dividends remaining tax-exempt for Singapore residents, the stock maintains strong income appeal. This feature is further enhanced by its CPFIS eligibility, positioning SGX as a preferred choice in local retirement and income-focused investment strategies.

Ongoing expansion into derivatives, ESG products, and digital infrastructure strengthens SGX’s growth profile and strategic edge. SGX continues to invest in product innovation, including ESG-related offerings and advanced digital trading platforms, thereby broadening its suite of services for local and regional clients. This strategic diversification, together with its dominant market position and expanding regional influence, lays a solid foundation for stable, long-term growth. Singapore-based stakeholders are likely to benefit from SGX’s forward-looking initiatives and its ability to maintain a structural advantage amid increasing competition from other Asian exchanges.

FAQ

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.