SGX Market Strategist, Equity & Fixed Income, Singapore Exchange Ltd (SGX)

Geoff Howie

SGX Market Strategist, Equity & Fixed Income

Asia’s leading multi-asset exchange

Singapore Exchange Ltd (SGX)

Singapore Exchange is Asia’s leading and trusted market infrastructure, facilitating the exchange of capital and ideas to create value for people, businesses and economies. As a multi-asset exchange operating equity, fixed income and derivatives markets to the highest regulatory standards, SGX is a vertically integrated business that provides listing, trading, clearing, settlement, depository and data services.

With about 40% of listed companies and over 80% of listed bonds originating outside of Singapore as well as established linkages across the region and in Europe, SGX is Asia’s most international and connected exchange. Offering a full suite of derivatives products across Asian equity indices, commodities and currencies, SGX is the world’s most liquid international market for the benchmark equity indices of China, India, Japan and ASEAN.

As Asia’s pioneering central counterparty, SGX is globally recognised for its risk management and clearing capabilities, and was one of the first globally to adopt the Principles for Financial Market Infrastructure.

Headquartered in AAA-rated Singapore, SGX has over 800 employees including offices in Beijing, Chicago, Hong Kong, London, New York, Mumbai, San Francisco, Shanghai and Tokyo.

Equity Bottom-Up

Key Singapore Market Moves and Flows in 3Q21

Pan-Asia Equity Bottom-up, Wickhams Hill

Lloyd Moffatt

Pan-Asia Equity Bottom-up

<ul>
<li>Philippine airport service provider MacroAsia (MAC PM) is added to our list of Fallen Angels as the associated LT Group (LTG PM) company Philippine Airlines (PAL PM) declares ch.11 bankruptcy</li>
<li>Depressed valuations and strong balance sheets have led the Philippines to become an epicentre for buybacks</li>
<li>PlanB (PLANB TB) announced an acquisition of Master Ad’s (MACO TB) Thai billboard assets for Bt 639.5mn and includes a Bt1.5bn rights-issue and restructuring of the Bt700mn minimum revenue guarantee</li>
</ul>


Philippine airport service provider MacroAsia (MAC PM) is added to our list of Fallen Angels as the associated LT Group (LTG PM) company Philippine Airlines (PAL PM) declares ch.11 bankruptcy
Depressed valuations and strong balance sheets have led the Philippines to become an epicentre for buybacks
PlanB (PLANB TB) announced an acquisition of Master Ad’s (MACO TB) Thai billboard assets for Bt 639.5mn and includes a Bt1.5bn rights-issue and restructuring of the Bt700mn minimum revenue guarantee


Wickhams Hill Research | Under-The-Radar Issue 8

Bond market data and technology, BondEvalue

BondEvalue

Bond market data and technology

BondEvalue is a Singapore-based Fintech that specializes in bond market data and technology. The company's information services business offers bond market data on hard-currency corporate & sovereign bonds across Asia, Middle East, Europe and the Americas. The data, which includes bond prices, yields, news and analytics, is offered to end investors via interactive Mobile and Web Apps. Investors can sign up for a free trial of the service either via the company's website (https://bondevalue.com) or by downloading the BondEvalue Mobile App (http://onelink.to/wej7jq). BondEvalue is also developing an electronic bond exchange, BondbloX in Singapore that allows investors to trade bonds electronically in smaller sizes (US$1,000 or equivalent). For more information, visit https://www.bondblox.com/

Bond Market Data and Technology

Credit

US markets sold-off sharply with the S&amp;P and Nasdaq ending 2% and 2.8% lower, the largest fall in over four months. US 10Y Treasury yields saw another leg higher, up 3bp to 1.54% as market participants attribute the move to inflation fears. Besides Energy which ended 0.5% higher, all other sectors were in the red with IT down 3% and Communication Services down 2.8% being the biggest losers. Similar to the US European stocks also saw sharp declines with the DAX down 2.1%, CAC down 2.2% and FTSE down 0.5%. Brazil’s Bovespa crashed 3.1%. In the Middle East, UAE’s ADX ended flat while Saudi TASI ended 0.1% higher. Asia Pacific markets are in the red, taking cues from global equities – Shanghai was down 1.8%, HSI was down 0.5%, Nikkei was down 2.5% while Singapore’s STI was flat. US IG CDS spreads were 1.1bp wider and HY CDX spreads widened 6.6bp. EU Main CDS spreads were also 1.1bp wider and Crossover CDS spreads widened 6.9bp. Asia ex-Japan CDS spreads widened 0.2bp.

Sembcorp, NH Invt. Launch Bonds; Macro; Rating Changes; New Issues; Talking Heads; Top Gainers an...

Chart based progressive global trading strategies, Chart Partners

Thomas Schroeder

Chart based progressive global trading strategies

Chart Partners

Chart Partners objective is to discover medium-term cycle turns and profit opportunities before they unfold, within structural trends while preserving capital with clear degrees of risk. We have real return ideas. 

Markets are dynamic and trading systems must reflect this. It is crucial to determine underlying correlations and lead-lag relationships within global markets and the impact on linked instruments. Our weekly Chartonics product gives you short-term trading strategies that can be applied within the medium and longer term macro trends that are mapped out in our strategy updates. 

Our methodology fuses global market variables and isolates drivers in trends. We specialize in FX, index trade in NY and Asia with a focus on Asian stocks. 

Technical Analysis

<a href="https://www.smartkarma.com/entities/sembcorp-marine-ltd" target="_blank" data-smartkarma-citation="entities:11:1" rel="noopener">Sembcorp Marine (SMM SP)</a> support and upside break points will help fine tune your game plan for those who want to take up the rights offer/trade.Chart support comes in just under 0.079 and very close to <a href="https://www.smartkarma.com/profiles/travis-lundy" target="_blank" data-smartkarma-citation="accounts:25" rel="noopener">Travis Lundy</a> 's level.Upside resistance the break point that would open the way higher come in at 0.088 and 0.090.RSI flat range pre cycle breakout is constructive.

Sembcorp Marine (SMM SP) support and upside break points will help fine tune your game plan for those who want to take up the rights offer/trade.Chart support comes in just under 0.079 and very close to Travis Lundy 's level.Upside resistance the break point that would open the way higher come in at 0.088 and 0.090.RSI flat range pre cycle breakout is constructive.

Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

Last Week in Event SPACE: Sembcorp Marine, AusNet, Shinsei Bank, MMC Corp

Singapore

Seatrium is a Singapore-headquartered engineering firm providing innovative solutions to the global offshore, marine, and energy industries. It specializes in oil & gas newbuilds and conversions, offshore renewables, specialized shipbuilding, and repairs & upgrades. The company was formed in 2023 through the merger of Sembcorp Marine and Keppel Offshore & Marine.

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Seatrium (STM SP)

Key Singapore Market Moves and Flows in 3Q21

In 3Q21, the STI saw its narrowest quarterly trading range since 3Q17, generating a 0.2% decline in total return, while the FTSE APAC Index...

Singapore Exchange Ltd (SGX)

Wickhams Hill Research | Under-The-Radar Issue 8

Philippine airport service provider MacroAsia (MAC PM) is added to our list of Fallen Angels as the associated LT Group (LTG PM)...

Lloyd Moffatt

Sembcorp, NH Invt. Launch Bonds; Macro; Rating Changes; New Issues; Talking Heads; Top Gainers an...

US markets sold-off sharply with the S&P and Nasdaq ending 2% and 2.8% lower, the largest fall in over four months. US 10Y Treasury yields saw...

BondEvalue

Sembcorp Marine Break Points

Sembcorp Marine (SMM SP) support and upside break points will help fine tune your game plan for those who want to take up the rights offer/trade.

Thomas Schroeder

Last Week in Event SPACE: Sembcorp Marine, AusNet, Shinsei Bank, MMC Corp

The weekend is here! Pour yourself a coffee, grab a comfortable seat, and sift through a brief summary of insights on various events discussed...

David Blennerhassett

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