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.

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23 Companies Buyback Shares in Sep, Yanlord Commences Buybacks

Yangzijiang, GLP, Genting SP, UOL & City Dev Led STI in 3Q17

SGX Sustainability Leaders Index generated 15% YTD Total Return

Research and consultancy, Tabbush Report

Daniel Tabbush

Research and consultancy

Tabbush Report

We provide research and consultancy on Asian banks. Our focus is on what we call “Asian bank research, without the noise.” We are interested in the most critical swing-factors for banks, the NPL and credit cycle, and where we believe there is a gap between perception and reality. We often focus on the less studied components of bank financial statements.  Our research is highly thematic, sometimes examining unlisted banks and companies as a window on mainstream banks. 

Being independent allows us to look at smaller banks, often overlooked by others. Analysis of BIS bank guidelines in the context of Asia, is also a focal point, while we also analyze global banks operating in the region. We use what we believe is the most comprehensive, reliable financials database, SNL Financial. S&P Capital IQ augments our database, with corporate data and CEIC, with economics. 

Asian bank research, without the noise.

Thematic (Sector/Industry)

<p>It is a stark reminder that all is not well in the oil and gas service sector in Singapore with the 2Q17 loss at <strong><a href="https://www.smartkarma.com/entities/8665" target="_blank" data-smartkarma-citation="entities:8665:1">Ezion Holdings Ltd (EZI SP)</a></strong> and its subsequent suspension on the stock exchange.  It is in fact one of the largest holders of debt in the Singapore oil and gas service sector. In our own sampling three months ago, it ranked number three of 25 companies in total. Expect continued deterioration in credit metrics for Singapore’s banks and higher impairment costs as a result.   </p><p>It was…</p>

It is a stark reminder that all is not well in the oil and gas service sector in Singapore with the 2Q17 loss at Ezion Holdings Ltd (EZI SP) and its subsequent suspension on the stock exchange.  It is in fact one of the largest holders of debt in the Singapore oil and gas service sector. In our own sampling three months ago, it ranked number three of 25 companies in total. Expect continued deterioration in credit metrics for Singapore’s banks and higher impairment costs as a result.   It was…

Ezion Holdings: A Reminder of Risks Facing Singapore's Banks

Doing bespoke work since 2002....., Custom Products Group

Patrick Hansen

Doing bespoke work since 2002.....

Custom Products Group

Custom Products was started 14 years ago at Lehman Brothers by current co-founder Patrick Hansen, CFA. After 3 years at Lehman, Patrick moved the team to Macquarie Securities where Simon Rigney (co-founder) joined. 3 years ago we took Custom Products independent. 

Our core strength can be summed up three words. 1- Customization - we have very little off the shelf products and most work is done on a one on one bespoke basis. 2- Speed - We pride ourselves in our ability to get requests back to the client very quickly. 3- Confidentiality - We do not redistribute. There is no grace period where we wait a week and then mass blast. Any request stops with that client.

<p>We looked at which regions in Asia are most correlated to the S&amp;P500. Over the last 8 years, 42% of Japanese companies have greater than 30% correlation to the S&amp;P500. The overall average correlation to the S&amp;P500 in Japan is 28%. The next closest is Taiwan with an average correlation of 28%, then Singapore with a correlation of 27% and Hong Kong with a correlation of 25%.  </p><h2>% of Companies with greater than 30% correlation to the US </h2><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/032/861/original/5.png?1504629108" class="editor-image img-responsive" data-smartkarma-image-id="32861"></figure><div class="content-caption">Source: Custom Products</div><p>China actually has 1 company, <a href="https://www.smartkarma.com/entities/10177" target="_blank" data-smartkarma-citation="entities:10177:1">Tongling</a>…</p>

We looked at which regions in Asia are most correlated to the S&amp;P500. Over the last 8 years, 42% of Japanese companies have greater than 30% correlation to the S&amp;P500. The overall average correlation to the S&amp;P500 in Japan is 28%. The next closest is Taiwan with an average correlation of 28%, then Singapore with a correlation of 27% and Hong Kong with a correlation of 25%.  % of Companies with greater than 30% correlation to the US Source: Custom ProductsChina actually has 1 company, Tongling…

Japan and the Financial Sector in Asia Highly Correlated to the US....

Singapore

Oversea-Chinese Banking Corporation Limited offers a comprehensive range of financial services.  The Company's services include deposit-taking, corporate, enterprise and personal lending, international trade financing, investment banking, private banking, treasury, stockbroking, insurance, credit cards, cash management, asset management and other financial and related services.

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OCBC (OCBC SP)

23 Companies Buyback Shares in Sep, Yanlord Commences Buybacks

Singapore Exchange Ltd (SGX)

Yangzijiang, GLP, Genting SP, UOL & City Dev Led STI in 3Q17

Singapore Exchange Ltd (SGX)

SGX Sustainability Leaders Index generated 15% YTD Total Return

Singapore Exchange Ltd (SGX)

Ezion Holdings: A Reminder of Risks Facing Singapore's Banks

It is a stark reminder that all is not well in the oil and gas service sector in Singapore with the 2Q17 loss at Ezion Holdings Ltd (EZI SP) and...

Daniel Tabbush

Japan and the Financial Sector in Asia Highly Correlated to the US....

We looked at which regions in Asia are most correlated to the S&P500. Over the last 8 years, 42% of Japanese companies have greater than 30%...

Custom Products Group

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52-week Range

Market Cap (USDm)

P/E

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