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Singapore Exchange rated buy

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Citigroup Research in a Jan 19 research report says: “1H core profit $171 million was 38% of Citi FY2010E ($452.5 million) estimates (consensus $398 million; 1Q: $94 million). 2Q equities turnover fell 19% q-o-q to $85 billion on lower average daily turnover ($1.36 billion, 1Q: $1.73 billion), while derivatives fell 7% q-o-q to $31 million.

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