Singapore Exchange Ltd (SGX:S68) - Complete Stock Analysis & 2026 Price Forecast
Current Price: 16.82 SGD | Market Cap: 1.80K Cr | P/E Ratio: 27.91
Stock Price Forecast for 2026
| Scenario | Price Target (SGD) | Potential Return | Time Frame |
|---|---|---|---|
| Bull Case | 21.50 - 23.80 | +28% to +42% | End of 2026 |
| Base Case | 19.20 - 21.00 | +14% to +25% | End of 2026 |
| Bear Case | 15.50 - 16.50 | -8% to -2% | End of 2026 |
Upside Price Targets
| Target Level | Price (SGD) | Potential Return | Key Drivers |
|---|---|---|---|
| Target 1 | 18.50 | +10% | Technical breakout above resistance |
| Target 2 | 19.80 | +18% | Improved trading volumes & derivatives growth |
| Target 3 | 21.20 | +26% | Strong quarterly results & dividend increase |
| Target 4 | 22.50 | +34% | Market leadership in ASEAN financial hub |
| Target 5 | 23.80 | +42% | Strategic acquisitions & international expansion |
Downside Price Targets
| Support Level | Price (SGD) | Potential Decline | Risk Factors |
|---|---|---|---|
| Support 1 | 16.20 | -4% | Minor correction from current levels |
| Support 2 | 15.50 | -8% | Market volatility & reduced trading activity |
| Support 3 | 14.80 | -12% | Economic slowdown impacting listings |
| Support 4 | 13.90 | -17% | Regulatory changes affecting derivatives |
| Support 5 | 12.50 | -26% | Major market downturn & capital outflows |
Time-Based Price Targets
| Time Frame | Target 1 (SGD) | Target 2 (SGD) | Target 3 (SGD) | Target 4 (SGD) |
|---|---|---|---|---|
| Short Term (1-3 months) | 17.50 | 18.00 | 18.40 | 18.80 |
| Medium Term (3-12 months) | 19.20 | 20.00 | 20.80 | 21.50 |
| Long Term (1-2 years) | 22.00 | 23.50 | 25.00 | 26.80 |
Resistance and Support Levels
| Resistance Levels | Price (SGD) | Support Levels | Price (SGD) |
|---|---|---|---|
| Strong Resistance | 17.90 | Strong Support | 16.20 |
| Resistance 2 | 17.50 | Support 2 | 15.80 |
| Resistance 3 | 17.20 | Support 3 | 15.50 |
| Resistance 4 | 16.95 | Support 4 | 15.00 |
| Resistance 5 | 16.80 | Support 5 | 14.50 |
Strong Buy Levels After Breakout
| Buy Level | Price (SGD) | Stop Loss | Target |
|---|---|---|---|
| Aggressive Buy | 17.10 | 16.50 | 18.50 |
| Breakout Buy 1 | 17.50 | 16.80 | 19.20 |
| Breakout Buy 2 | 18.00 | 17.20 | 20.00 |
| Consolidation Buy | 16.50 | 15.80 | 18.00 |
| Dip Buy | 16.00 | 15.20 | 17.80 |
Strong Sell Levels
| Sell Level | Price (SGD) | Stop Loss | Target |
|---|---|---|---|
| Resistance Sell | 17.80 | 18.20 | 16.50 |
| Breakdown Sell 1 | 16.20 | 16.60 | 15.20 |
| Breakdown Sell 2 | 15.80 | 16.20 | 14.50 |
| Trend Reversal Sell | 17.40 | 17.80 | 16.00 |
| Bounce Sell | 17.00 | 17.40 | 15.50 |
Profit Booking Levels
| Profit Booking Level | Price (SGD) | Reason | Re-Entry Point |
|---|---|---|---|
| Partial Profit 1 | 18.20 | Near-term resistance & overbought | 17.40 |
| Partial Profit 2 | 19.50 | Technical resistance & valuation peak | 18.50 |
| Major Profit Booking | 21.00 | Strong resistance & overvaluation | 19.00 |
| Full Exit Short Term | 22.50 | Extended rally, take full profits | 20.00 |
| Strategic Exit | 24.00 | Multi-year high, fundamental peak | 21.50 |
Breakout Price Levels
| Breakout Level | Price (SGD) | Confirmation | Target After Breakout |
|---|---|---|---|
| Immediate Breakout | 17.20 | Volume > 20-day average | 18.50 |
| Major Breakout 1 | 17.90 | Sustained above 3 days | 19.80 |
| Major Breakout 2 | 18.50 | Volume spike + fundamental catalyst | 21.20 |
| Pattern Breakout | 19.00 | Cup and handle pattern completion | 22.50 |
| All-time High Breakout | 20.00 | New 52-week high with momentum | 24.00 |
Breakdown Price Levels
| Breakdown Level | Price (SGD) | Confirmation | Target After Breakdown |
|---|---|---|---|
| Initial Breakdown | 16.50 | Close below support with volume | 15.80 |
| Major Breakdown 1 | 16.00 | Break of 50-day moving average | 15.00 |
| Major Breakdown 2 | 15.50 | Break of 200-day moving average | 14.20 |
| Critical Breakdown | 14.80 | Break of yearly support | 13.50 |
| Severe Breakdown | 13.50 | Market-wide selloff | 12.00 |
Expected Financial Performance for 2026
| Financial Metric | 2025 Actual | 2026 Projection | Expected Growth |
|---|---|---|---|
| Revenue (SGD) | 1.37B | 1.52B | 11.0% |
| Net Income (SGD) | 647.98M | 715M | 10.3% |
| EBITDA (SGD) | 766.51M | 845M | 10.2% |
| EPS (SGD) | 0.57 | 0.63 | 10.5% |
| Net Profit Margin | 47.28% | 47.0% | -0.3% |
| P/E Ratio | 27.91 | 25.50 | -8.6% |
Technical & Fundamental Analysis
| Analysis Type | Key Points | Outlook |
|---|---|---|
| Technical Analysis |
|
Bullish above 17.20 SGD, Neutral below |
| Fundamental Analysis |
|
Fundamentally strong with premium valuation |
Pro Tips for Traders & Investors
Short-Term Trading (1-3 months):
Buy on dips near 16.20-16.50 SGD support zone with stop loss at 15.80 SGD. Target 17.80-18.20 SGD resistance area. Use breakout above 17.20 SGD with high volume as confirmation for momentum trades.
Medium-Term Investing (3-12 months):
Accumulate in the 16.00-16.80 SGD range. First target at 19.20 SGD, second target at 20.80 SGD. Partial profit booking recommended at these levels. Hold core position for long-term growth.
Long-Term Investing (1-2 years):
Singapore Exchange is a quality blue-chip with monopoly characteristics in Singapore. Strong buy for dividend growth and capital appreciation. Target price of 22.00-25.00 SGD by end of 2026.
Can SGX Be a Multibagger in 2026?
While Singapore Exchange Ltd is a high-quality, stable company with strong fundamentals, it's unlikely to be a traditional multibagger (10x returns) in 2026 due to its large market cap and mature business model. However, investors can expect solid 25-40% returns from current levels, which would outperform the broader market. The stock offers a balanced profile of growth, dividends, and stability rather than explosive multibagger potential.
Frequently Asked Questions
What are the short term targets for Singapore Exchange Ltd stock?
Short term targets (1-3 months) are 17.50 SGD, 18.00 SGD, 18.40 SGD, and 18.80 SGD. These are based on technical resistance levels and momentum indicators.
What are the medium term targets for SGX stock?
Medium term targets (3-12 months) are 19.20 SGD, 20.00 SGD, 20.80 SGD, and 21.50 SGD. These projections consider both technical patterns and fundamental growth expectations.
What are the long term targets for Singapore Exchange Ltd?
Long term targets (1-2 years) are 22.00 SGD, 23.50 SGD, 25.00 SGD, and 26.80 SGD. These are based on projected earnings growth, dividend increases, and market leadership position.
At what price should investors and traders buy SGX stock?
Ideal buying zones are: 1) Aggressive buys at 16.50-16.80 SGD, 2) Breakout buys above 17.20 SGD with volume confirmation, 3) Conservative accumulation at 16.00-16.50 SGD support zone.
Is Singapore Exchange Ltd a good dividend stock?
Yes, SGX offers a solid dividend yield of 2.33% with consistent payouts and a history of dividend growth. The company's strong cash flow generation supports sustainable dividend payments.
What is the fair value of Singapore Exchange Ltd stock?
Based on DCF and relative valuation models, the fair value range for SGX is 18.50-20.50 SGD. The current price of 16.82 SGD offers a moderate margin of safety.
What are the key risks for Singapore Exchange Ltd?
Key risks include: 1) Reduced trading volumes during market downturns, 2) Regulatory changes affecting derivatives business, 3) Competition from digital platforms, 4) Economic slowdown impacting new listings.
Disclaimer
Important: This analysis is for educational and informational purposes only and should not be considered as financial advice, investment recommendation, or solicitation to buy or sell any securities. The projections, forecasts, and price targets are based on historical data, technical analysis, and fundamental assumptions that may not materialize.
Stock market investments are subject to market risks. Past performance is not indicative of future results. The author, Piyush Sharma, and Multibagger Stock Ideas do not guarantee the accuracy, completeness, or reliability of any information presented. Investors should conduct their own research and consult with a qualified financial advisor before making any investment decisions.
The analyst or related parties may have positions in the securities mentioned. All investments involve risk, including possible loss of principal. The projections provided are based on multiple scenarios and should not be relied upon as the sole basis for investment decisions.
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