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    A Look At Singapore Exchange’s Valuation As New ASEAN Dividend ETF Listing Draws Attention

    Simply Wall St·01/08/2026 01:34:21
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    New dividend ETF listing shines light on SGX’s role in ASEAN income investing

    Singapore Exchange (SGX:S68) is back in focus after UOB Asset Management unveiled plans to list the UOBAM Ping An FTSE ASEAN Dividend Index ETF, the only dividend focused ASEAN ETF on SGX at launch.

    See our latest analysis for Singapore Exchange.

    At around S$17.70 today, Singapore Exchange’s recent 7 day share price return of 4.36% and 30 day share price return of 5.92% suggest building momentum, while the 1 year total shareholder return of 43.16% points to stronger longer term gains. Recent boardroom changes, including the upcoming handover of the Chief Risk Officer role in 2026, sit alongside new listings like the UOBAM Ping An FTSE ASEAN Dividend Index ETF, as SGX continues to refresh its product mix and risk oversight.

    If this kind of income focused story has your attention, it could be a good moment to look beyond SGX and check out fast growing stocks with high insider ownership.

    With Singapore Exchange posting a 43.16% 1 year total return and trading at around S$17.70, above a S$16.88 analyst price target and below some intrinsic estimates, is there still an income plus growth opportunity here or is the market already pricing in more?

    Most Popular Narrative: 5.8% Overvalued

    With Singapore Exchange last closing at S$17.70 against a narrative fair value of about S$16.74, the current price sits slightly above that framework.

    The analysts have a consensus price target of SGD15.524 for Singapore Exchange based on their expectations of its future earnings growth, profit margins and other risk factors. However, there is a degree of disagreement amongst analysts, with the most bullish reporting a price target of SGD18.2, and the most bearish reporting a price target of just SGD10.3.

    Read the complete narrative.

    Curious what kind of revenue growth, profit margins and future earnings multiple are baked into that view, and how they connect back to today’s price? The full narrative lays out a detailed set of assumptions across earnings, valuation and required return that you might want to benchmark against your own expectations.

    Result: Fair Value of S$16.74 (OVERVALUED)

    Have a read of the narrative in full and understand what's behind the forecasts.

    However, you still need to weigh the risk that trading volumes or new listings underwhelm, and that rising competition and regulatory costs could pressure fee margins.

    Find out about the key risks to this Singapore Exchange narrative.

    Build Your Own Singapore Exchange Narrative

    If you see the numbers differently or want to stress test your own assumptions, it is quick to build a personalised view in minutes, Do it your way.

    A good starting point is our analysis highlighting 3 key rewards investors are optimistic about regarding Singapore Exchange.

    Looking for more investment ideas?

    If Singapore Exchange has sharpened your interest, do not stop here. Broaden your watchlist with focused stock ideas that match the kind of returns you are hunting for.

    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.