{
  "id": 15688304,
  "title": "RHB cuts SGX target price to S$20.30 after softer-than-expected Q1",
  "url": "https://urgent.news/2026/10/20/rhb-cuts-sgx-target-price-to-s-20-30-after-softer-than-expected-q1",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-20T02:32:00.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/rhb-cuts-sgx-target-price-s20-30-after-softer-expected-q1"
  },
  "original_language": "en",
  "account": "RHB has reduced its target price for Singapore Exchange (SGX) to S$20.30 following softer-than-expected Q1 results, according to a report on Monday. The brokerage lowered its earnings forecasts for SGX over the next three financial years by 8.3%, 8.4%, and 8.5% for FY2027, FY2028, and FY2029, respectively. This reduction follows weaker trading momentum in the first quarter, which tracked 7.4% and 10.2% below RHB's expectations for securities and derivatives activity. RHB now anticipates SGX's recurring net-profit growth to slow to 5% in FY2027, significantly lower than the previous 21.1% in FY2026 and 14.9% in FY2025. The downgrade from DBS Group Research on Oct 13 to \"hold\" from \"buy\" and lowering its 12-month target price to S$20 from S$26.40 also contributed to the adjustment.",
  "summary": "DBS also previously downgraded the stock to ‘hold’ on Oct 13 and cut its target price to S$20",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}