Maybank Kim Eng predicts SGX is nearing its most profitable quarter

It expects $94.5m earnings.

According to Maybank Kim Eng, they are expecting a very strong quarter. They are highlighting that the upcoming set of 3QFY13 results will be of major significance.

"Our street-high net profit forecast of SGD94.5m for the quarter represents a strong 22% yoy and 24% qoq growth. More importantly, this will be SGX’s most profitable quarter since the Great Financial Crisis," it said in a report

Here's more from Maybank Kim Eng:

The company will announce on 16th April after market. Significant uptick in trading volume in 2013. Since the turn of the New Year, security trading activities have picked up significantly, with the quarter Jan-March 2013 registering an average SDAV of SGD1.7b.

This momentum bodes well for the rest of the year, and will represent higher revenue in its more traditional bread-and-butter business.

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