Should I buy Singapore Exchange stock in 2025?

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

What is Singapore Exchange?

How much is Singapore Exchange stock?

The price of Singapore Exchange stock is rising this week. As of May 9, 2025, SGX is trading at SGD 14.40, up 0.14% over the past 24 hours and 0.84% higher for the week, with a total market capitalisation of SGD 15.42 billion.

With a stock beta of just 0.22, SGX remains a relatively stable investment option in the local market, appealing to those seeking lower volatility in their portfolios.

Our full analysis on Singapore Exchange stock

We have carefully reviewed Singapore Exchange’s (SGX) latest financial statements alongside its impressive three-year stock performance, synthesizing a robust foundation of financial indicators, technical analytics, market trends, and competitive benchmarks—all integrated within our proprietary analytical algorithms. The data underscores not just SGX’s remarkable operational resilience but also a market structure that continues to evolve in favor of Singapore’s leading exchange. So, why might Singapore Exchange stock once again become a strategic entry point into the Asian financial infrastructure sector in 2025?

Recent Performance and Market Context

The past year witnessed SGX share price surging over 57% to close at SGD 14.40 on May 9, 2025, nearly testing its 52-week high of SGD 14.80. This bullish trajectory is underpinned by two key elements: robust financial results and a markedly constructive macro environment anchored by Singapore’s pro-capital market policies.

• Net revenue climbed 15.6% year-on-year to SGD 646.4 million—an all-time high since listing.
• Net profit soared 20.7% to SGD 340 million.
• EPS advanced 21% to 31.8 cents.
• Interim quarterly dividend increased to 9.0 cents/share, reinforcing shareholder alignment.

This exceptional performance isn’t isolated; it reflects broad-based strength across all business lines. The Singapore government’s recent SGD 3.7 billion stimulus for the capital markets, including tax rebates, directly energizes liquidity and trading appetite. Global investors, drawn to Singapore’s regulatory clarity and regional leadership, now view SGX as a primary venue for both capital formation and trading innovation.

With daily trading volumes routinely exceeding SGD 1.3 billion and a marked uptrend in market participation, SGX’s backdrop is characterized by constructive momentum not only in core equities, but also across derivatives and FX, thanks to secular growth in Asian capital flows.

Technical Analysis

SGX’s technical landscape reaffirms the stock’s potential as it decisively outperformed both regional peers and the broader market:

• Current Price: SGD 14.40—trading above all major short- and long-term moving averages (20-day, 50-day, 100-day, 200-day), highlighting an intact, mature uptrend.
• RSI (14): Sits at a neutral 48.93, neither overbought nor oversold, suggesting there’s ample runway for continued upside.
• MACD: Remains balanced, confirming positive momentum but not yet at stretched levels.
• Support: Strong technical support is visible in the SGD 14.33–14.35 range, offering a protective cushion for new exposure.
• Resistance: The next hurdles are at SGD 14.60 and SGD 14.80 (52-week high)—levels that, if breached, could trigger a renewed bullish sequence.

Volume patterns remain healthy, with current and average daily transactions aligning to reinforce investor confidence and depth—a compelling signal of broader institutional participation.

SGX’s positive technical alignment is further reinforced by its recent one-month appreciation of +21.1% and six-month move of +25.2%, underlining clear positive medium-term momentum. These technical signals point to a stock consolidating at elevated support, well-positioned for either a breakout or sustained uptrend, making the timing especially favorable.

Fundamental Analysis

At the core of SGX’s investment thesis are fundamentals that clearly justify renewed institutional and retail interest:

• Sustained Revenue and Profitability Growth: For the half-year ending December 2024, net revenue rose 15.6% YoY and net profit surged 20.7%, powered by broad-based growth in Equities, FICC, and Equity Derivatives.
• Market-Leading Margins: EBITDA increased 23.4% YoY, demonstrating best-in-class cost discipline and operational leverage.
• Attractive Dividend: The current dividend yield stands at 2.50%, further enhanced by a 6% rise in interim payouts—a rare combination of growth and income in Asia-Pacific listed exchanges.

SGX trades at a forward P/E of 23.98 and a P/S of 11.77—valuation multiples that reflect quality, not exuberance. When benchmarked against peers like HKEX and ASX, these ratios appear justified by SGX’s superior growth rates, recurring revenue, and high ROE. The price-to-book ratio of 7.59 and enterprise value/EBITDA of 16.64 are consistent with top-tier financial infrastructure assets.

Structural Strengths

• Innovation: SGX continues to expand its derivatives franchise and has invested aggressively in OTC FX, now contributing 5% of group EBITDA.
• Revenue Diversification: Business lines span cash equities, derivatives, fixed income, commodities, and technology solutions.
• Brand and Market Share: SGX is widely recognized as Asia’s premier multi-asset exchange, boasting a deep international client base and strategic regional partnerships.
• Robust Balance Sheet: Over SGD 1.3 billion in cash reserves ensures firepower for future growth and cushions against macro shocks.

These structural advantages, paired with Singapore’s stable regulatory regime (no capital gains or dividend withholding tax) and the exchange’s commitment to sustainable capital returns, offer powerful support for valuation continuity and appreciation.

Volume and Liquidity

One of SGX’s most compelling attributes for both institutional and sophisticated retail investors is consistent and robust trading volume. The average daily trading volume surpasses 3.2 million shares, supporting a free float that is highly conducive to price discovery and dynamic valuation.

• Liquidity Confidence: Regularly high turnover levels signal persistent market interest and reduce friction for both entry and exit—essential for market participants with significant capital or those deploying active strategies.
• Favorable Float Characteristics: The large free float with a broad shareholder base mitigates any risk of illiquidity-induced price swings, positioning SGX as an accessible and efficient trading vehicle.

Sustained liquidity underpins the view that at current levels, the stock is appropriately valued yet primed for continued price momentum as new catalysts emerge.

Catalysts and Positive Outlook

The outlook for SGX is notably brightened by a confluence of imminent and medium-term catalysts:

• Product Expansion: Recent announcements regarding new depository receipts, ETFs, and daily leverage certificates are expected to spur incremental trading volumes and attract new market segments.
• Derivatives Franchise Growth: SGX’s deepening presence in equity and commodity derivatives, as well as the pioneer launch of Brazilian real futures through a partnership with B3, further enhance its global reach and appeal.
• OTC FX Acceleration: Enhanced trading platforms and aggressive client outreach are set to sustain 30–40% revenue growth rates in OTC FX, supporting a shift toward higher-margin revenue.
• IPO Pipeline: Market reforms and Singapore government support increase the likelihood of a pickup in listings, which could serve as a material growth lever in 2025.
• Government Support: The SGD 3.7 billion capital market package and progressive tax policies ensure Singapore’s market infrastructure remains regionally competitive.

Beyond these tangible drivers, SGX’s established role as the world’s largest venue for dry forward freight agreements and its position at the heart of southeast Asian capital flows add to the probability of continued market share and profitability gains.

Furthermore, ongoing ESG initiatives, technology modernization, and digital asset platform development reinforce SGX’s adaptability and relevance for global players. The company’s proactive governance, led by CEO Boon Chye Loh and Chairman Boon Hwee Koh, provides strategic clarity and proven execution capacity.

Investment Strategies

SGX currently presents a rare confluence of favorable technicals and compelling fundamentals, supporting myriad investment approaches:

• Short-Term Entry: The proximity to technical support and recent uptrend offers a near-term opportunity to capitalize on positive momentum, particularly as trading volumes remain strong and the market digests record results. Breakouts above SGD 14.60 could trigger swift price action.
• Medium-Term Positioning: With several new products scheduled for roll-out in the next two quarters and tangible catalysts pending (such as listings, government incentives, and product launches), the medium-term growth trajectory appears especially robust. Investors could be positioning on technical consolidations ahead of anticipated announcements or macro data.
• Long-Term Allocation: For those seeking defensive exposure to Asian market infrastructure, SGX’s diversified, recurring fee base, best-in-class cash conversion, and recurring dividend stream position it as an “all-weather” core holding in Singapore equity portfolios.

Many investors may see SGX as ideally situated, consolidating near a technical high with the macro and micro levers aligned for continued appreciation. Its liquidity also ensures adaptability to evolving market conditions and risk profiles.

Is It the Right Time to Buy Singapore Exchange?

To summarize, the investment case for Singapore Exchange is founded on:

• Record-breaking financial and operational performance
• Attractive dividend profile alongside sustained earnings growth
• Technical structure consolidating above critical moving averages and support levels
• Depth and consistency of trading volume underpinning valuation solidity
• Catalyst-rich outlook supported by product innovation, policy tailwinds, and macro momentum
• A diversified, innovation-driven business model unique among Asian peers

While it is always prudent to monitor the attendant risks—such as potential moderation of trading volumes, competitive pressure from regional exchanges, and the macroeconomic climate—the cumulative evidence suggests SGX seems to represent an excellent opportunity for investors seeking exposure to Asia’s rapidly evolving financial markets. The case for renewed interest in SGX is justified by both technical clarity and best-in-class fundamentals, while the company’s ambitious strategy for product and market expansion may well herald a new bullish phase.

For Singaporean and global investors looking at robust, dividend-yielding growth stocks at a strategic crossroads of Asia’s capital markets, Singapore Exchange offers a compelling narrative—one that, for many portfolios, is increasingly difficult to ignore. With macro conditions aligning, innovation accelerating, and investor appetite on the rise, SGX stands as a clear leader in the regional financial infrastructure space, and the upside potential appears far from exhausted.

How to buy Singapore Exchange stock in Singapore?

Buying Singapore Exchange (SGX) stock online has never been easier or safer for Singapore-based investors. By choosing a regulated broker, you can invest in SGX shares from your computer or mobile phone, with all transactions protected by strict local laws. There are two main methods: direct spot (cash) buying and trading Contracts for Difference (CFDs), each offering different ways to participate in the market. Below, we explain both options—and further down the page, you’ll find a detailed broker comparison to help you make the best choice.

Spot Buying

A spot (cash) purchase involves buying actual SGX shares through a licensed broker. With this method, you own the shares outright and are eligible to receive dividends, such as SGX’s current yield of 2.5%. Brokers typically charge a fixed commission per order in Singapore Dollars (SGD)—for example, around SGD 5 per buy or sell.

Example: Spot Buying Scenario

Suppose SGX stock is trading at SGD 14.40 per share. With a SGD 1,000 investment, after a SGD 5 fee, you can purchase approximately 69 shares.
✔️ Gain scenario:
If the share price rises by 10%, your shares are now worth SGD 1,100.
Result: That’s a gross gain of SGD 100, or +10% on your investment (excluding fees and taxes).

Trading via CFD

CFD trading allows you to speculate on the price movements of SGX shares without owning them directly. This method is popular for its flexibility, including the ability to use leverage and trade both rising and falling markets. Fees usually include a spread (the difference between buy/sell prices) and overnight financing costs if you hold the position for more than a day.

Example: CFD Trading Scenario

Let’s assume you open a CFD position on SGX shares with SGD 1,000 and select 5x leverage. This means you control a position valued at SGD 5,000.
✔️ Gain scenario:
If SGX rises by 8%, your CFD position gains 8% × 5 = 40%.
Result: You make a gain of SGD 400 on your original SGD 1,000 deposit (excluding spread and financing charges).

Final Advice

Before investing, it’s essential to compare brokers’ fees, features, and regulatory protections to ensure you get the best deal for your needs. Your choice—spot buying or CFDs—should reflect your investment goals, time horizon, and risk tolerance. For a precise overview, consult our broker comparison table further down the page. With the right approach, buying SGX shares online can be both straightforward and rewarding.

Our 7 tips for buying Singapore Exchange stock

The latest news about Singapore Exchange

SGX achieves record half-year revenue and net profit, driving strong share price momentum. In the first half of FY2025, Singapore Exchange (SGX) reported its highest-ever half-year net revenue of SGD 646.4 million and net profit of SGD 340.0 million, representing year-over-year growth of 15.6% and 20.7% respectively. This robust performance was underpinned by revenue growth across all key business segments—Equities Cash, Equities Derivatives, and Fixed Income, Currencies and Commodities—highlighting the effectiveness of SGX’s diversified platform and the strength of the exchange’s franchise. The interim quarterly dividend was also raised to 9.0 cents per share, reflecting continuing shareholder value creation.

SGX stock surges near 52-week high, maintaining bullish technical momentum amid high investor interest. SGX’s share price climbed to SGD 14.40 as of May 9, 2025, hovering close to its 52-week high of SGD 14.80 after delivering a one-year return of 57.55%. The stock’s recent monthly gain of 21.11% and year-to-date appreciation of 13.12% have been supported by its positive earnings trajectory and upbeat market sentiment. Technical signals are broadly favourable, with the price trading above all major moving averages and the RSI indicating neither overbought nor oversold conditions, suggesting a continuation of the prevailing uptrend and resilient investor confidence in SGX’s outlook.

Singapore government’s supportive capital market initiatives provide a constructive backdrop for SGX growth. The Singapore government’s recent launch of a SGD 3.7 billion program to boost the local stock market—including tax rebates and incentives—has drawn renewed attention to SGX as the primary beneficiary. These official measures are designed to enhance market liquidity, attract new listings, and solidify Singapore’s status as a premier Asian financial hub. Such government backing is set to underpin future trading activity and reinforce the competitive positioning of SGX, offering a significant tailwind for sustained business expansion.

SGX accelerates product innovation and global partnerships, further diversifying revenue streams. SGX continues to expand its suite of offerings and international reach, most recently teaming up with Brazil’s B3 exchange to launch Brazilian real futures—broadening its currency derivatives portfolio. Growth in the OTC FX division has been particularly strong, with a 35.7% increase in net revenue and 43.2% rise in currency derivatives volumes. These initiatives signal management’s commitment to product diversification, deepening engagement with global clients and capitalising on cross-border opportunities, which is likely to support future earnings growth and market relevance.

Dividend stability and favourable tax regime make SGX stock particularly attractive to Singapore-based investors. SGX maintains a consistent dividend payout, with the forward yield at 2.50% and no withholding tax on dividends in Singapore, bolstered by a robust balance sheet and strong cash position. The absence of capital gains tax and the eligibility of SGX shares for local tax-advantaged accounts such as SRS further enhance its appeal to resident investors. As a result, SGX offers a compelling combination of growth, income, and efficient tax treatment within the region’s leading regulated exchange ecosystem.

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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.