Stock News: SGX may rise!

Singapore Exchange Ltd (SGX) may rise after Deutsche Bank said it expects the bourse to report next Tuesday third quarter to March net profit of 54 mln sgd, up 94 pct year-on-year, supported by robust equities and derivatives trading volumes. Deutsche said it expects SGX to declare a quarterly dividend of 0.015 sgd per share. Deustche rates SGX a "buy" with fair value of 4.70 sgd. SGX finished 0.30 sgd higher at 4.50 yesterday.