Solid Singapore Blue-Chip Stocks Suitable for Retirees: Singapore Exchange Limited
Singapore Exchange Limited, or SGX, is Singapore’s sole stock exchange operator and enjoys a natural monopoly.
SGX has been a stalwart all these years and the group has been paying dividends consistently since fiscal 2001 (FY2001).
For its FY2022 earnings ending 30 June 2022, SGX saw its revenue scale a new high of S$1.1 billion, up 4% year on year.
Net profit inched up 1% year on year to S$451 million.
SGX also paid out a dividend of S$0.32 for FY2022, giving its shares a trailing dividend yield of 3.5%.
For FY2023, SGX expects its capital expenditure to be between S$70 million to S$75 million as it spends to enhance its platform and system architecture.
Its foreign exchange over-the-counter division has also grown, contributing around 5% to the group’s revenue for FY2022.
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WinningTrader : natural monpoly but are people still investing in sgp stocks or moving to US stocks?