Singapore Market Roundup, Singapore Market Roundup

Singapore Market Roundup

Thematic (Sector/Industry)

<ul>
<li>CGSI has a positive outlook on Sembcorp.                                        </li>
<li>Maybank downgrades Sheng Siong to 'hold' with reduced target price.</li>
<li>DBS keeps 'buy' rating on Singtel amid Airtel's postpaid price hike.</li>
</ul>


CGSI has a positive outlook on Sembcorp.                                        
Maybank downgrades Sheng Siong to 'hold' with reduced target price.
DBS keeps 'buy' rating on Singtel amid Airtel's postpaid price hike.


Singapore Market Roundup (09-Oct-2026): CGSI is optimistic about Sembcorp.

Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

Periscope Analytics

Periscope Analytics focuses on event-driven trades across Asia Pacific and provides comprehensive, timely and systematic coverage of index changes to major Asia Pacific indices in a structured manner.

The analysis includes forecasted inclusions and exclusions to all major Asian indices that have significant amount of tracking assets, including estimates of passive buy/sell flow on the stocks. The service also provides commentary and impact of market consultations, ground rule changes, and other events (IPOs, spin-offs, M&A) that could lead to index changes and passive flow.

Periscope Analytics works with multi-strategy hedge funds, proprietary trading firms, stat arb trading groups and long-only investors that invest and trade in the Asia Pacific region with the data being used to trade index rebalances, avoid pre-positioning and passive flow, and to time entry into and exit from stocks.

Event-Driven Trades Across Asia Pacific

Index Rebalance

<ul>
<li>The sharp reduction in market cap over the last few months could lead to <a href="https://www.smartkarma.com/entities/sembcorp-industries-ltd" target="_blank" data-smartkarma-citation="entities:1087:1" rel="noopener">Sembcorp Industries (SCI SP)</a>'s deletion from a global index in August. </li>
<li>Passive trackers are estimated to sell 55.4m shares (US$243m; 6.2x ADV) at the close of trading on 31 August.</li>
<li>Positioning indicates shorts in the stock and there could be short covering following the announcement of the index deletion followed by more covering as passives sell.</li>
</ul>


The sharp reduction in market cap over the last few months could lead to Sembcorp Industries (SCI SP)'s deletion from a global index in August. 
Passive trackers are estimated to sell 55.4m shares (US$243m; 6.2x ADV) at the close of trading on 31 August.
Positioning indicates shorts in the stock and there could be short covering following the announcement of the index deletion followed by more covering as passives sell.


Sembcorp Ind (SCI SP): Global Index Deletion Likely in August

Independent Insight Provider

Kim Peng Ang

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ASEAN’s strategic growth, digital expansion, and supply chain diversification present unmatched investment opportunities amid global geopolitical shifts. Act now to capitalize on its transformative decade.  
As ASEAN strengthens regional trade and digital infrastructure, it offers resilient, high-margin opportunities for long-term investors seeking diversification and growth in a changing global landscape.  
ASEAN is reshaping the future of Asia’s economy—poised for rapid growth, innovation, and supply chain leadership. Seize this moment for strategic, long-term value creation.


RCEP: Unlocking ASEAN’s Strategic Potential Amid the U.S.-China Trade Realignment

<ul>
<li>The changes to a global index in August will be announced pre-market open Thursday and will be implemented at the close of trading on 31 August.</li>
<li>The big market moves since the last rebalance result in many changes with the final number dependent on the day picked to compute market cap and free float market cap.</li>
<li>The forecast adds have outperformed the forecast deletes over the last 1, 2 and 3 months but near-term performance has been far from awesome due to the momentum unwind.</li>
</ul>


The changes to a global index in August will be announced pre-market open Thursday and will be implemented at the close of trading on 31 August.
The big market moves since the last rebalance result in many changes with the final number dependent on the day picked to compute market cap and free float market cap.
The forecast adds have outperformed the forecast deletes over the last 1, 2 and 3 months but near-term performance has been far from awesome due to the momentum unwind.


Global Index: Potential Changes in August for Asia Pac

<ul><li>Phillip Capital calls HRnetGroup's $332M cash hoard 'excessive'; RHB cuts TP to 86 cents.</li><li>Maybank views CSE as a proxy for US AI data centers, predicts stronger 2HFY2026.</li><li>Citi, DBS, and OCBC see Sembcorp as a buying opportunity post-MSCI removal.</li></ul>

Phillip Capital calls HRnetGroup's $332M cash hoard 'excessive'; RHB cuts TP to 86 cents.Maybank views CSE as a proxy for US AI data centers, predicts stronger 2HFY2026.Citi, DBS, and OCBC see Sembcorp as a buying opportunity post-MSCI removal.

Singapore Market Roundup (17-Aug-2026): Phillip Capital calls HRnetGroup's $332M cash 'excessive'.

Singapore

Sembcorp Industries is a Singaporean state-owned energy and urban development company. It provides sustainable energy solutions, including renewable power (solar, wind, energy storage) and conventional energy (gas and related services), alongside integrated urban solutions such as industrial parks, water, and waste management. The company is headquartered in Singapore and was founded in 1998.

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Sembcorp Industries (SCI SP)

Singapore Market Roundup (09-Oct-2026): CGSI is optimistic about Sembcorp.

CGSI is optimistic about Sembcorp. Maybank downgrades Sheng Siong to 'hold' with a lower target price, while DBS maintains a 'buy' rating on Singtel.

Singapore Market Roundup

Sembcorp Ind (SCI SP): Global Index Deletion Likely in August

Following a drop in the stock price, Sembcorp Ind could be deleted from a global index in August. There is a decent amount to sell but positioning...

Brian Freitas

RCEP: Unlocking ASEAN’s Strategic Potential Amid the U.S.-China Trade Realignment

ASEAN insight offers a unique, data-backed perspective that uncovers critical trends that was forgotten and actionable ideas you can't afford to...

Kim Peng Ang

Global Index: Potential Changes in August for Asia Pac

The global index changes were announced using D1 as the cutoff. 99% hit rate across Asia Pacific, so no surprises. Big price changes in the stocks...

Brian Freitas

Singapore Market Roundup (17-Aug-2026): Phillip Capital calls HRnetGroup's $332M cash 'excessive'.

Phillip Capital criticizes HRnetGroup's $332M cash; RHB lowers target price. Maybank sees CSE as an AI data center proxy; Citi, DBS, OCBC view...

Singapore Market Roundup

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