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

<ul><li>Institutions were net sellers of Singapore stocks over the five trading sessions through to May 16, with S$28.5 million of net institutional outflow, as 25 primary-listed companies conducted buybacks with a total consideration of S$32.5 million.</li><li>Leading the net institutional outflow over the five sessions were Seatrium, UMS Holdings, Singapore Airlines, Mapletree Logistics Trust, Wilmar International, DBS, AEM Holdings, Jardine Matheson Holdings, Jardine Cycle & Carriage and City Developments.</li><li>Between May 9 and 15, Raffles Medical Group executive chairman Loo Choon Yong acquired 2.6 million shares at an average price of S$1.03 per share.</li></ul>

Institutions were net sellers of Singapore stocks over the five trading sessions through to May 16, with S$28.5 million of net institutional outflow, as 25 primary-listed companies conducted buybacks with a total consideration of S$32.5 million.Leading the net institutional outflow over the five sessions were Seatrium, UMS Holdings, Singapore Airlines, Mapletree Logistics Trust, Wilmar International, DBS, AEM Holdings, Jardine Matheson Holdings, Jardine Cycle & Carriage and City Developments.Between May 9 and 15, Raffles Medical Group executive chairman Loo Choon Yong acquired 2.6 million shares at an average price of S$1.03 per share.

Wilmar and Raffles Medical chairmen continue buying spree

<ul><li>CapitaLand Investment (CLI) led the buyback consideration tally, buying back 17,055,700 shares at an average price of S$2.61 per share.</li><li>This brought the percentage of company shares bought back on the current mandate to 0.47 per cent.</li><li>The preceding year’s buyback mandate saw CLI buy back 03 per cent of its issued shares (excluding treasury shares) between Sep 28, 2023, and Jan 26, 2024.</li></ul>

CapitaLand Investment (CLI) led the buyback consideration tally, buying back 17,055,700 shares at an average price of S$2.61 per share.This brought the percentage of company shares bought back on the current mandate to 0.47 per cent.The preceding year’s buyback mandate saw CLI buy back 03 per cent of its issued shares (excluding treasury shares) between Sep 28, 2023, and Jan 26, 2024.

Wilmar, Raffles Medical chairs continue adding to stakes

<ul><li>Director filings and buybacks continue at stronger pace INSTITUTIONS were net sellers of Singapore stocks over the five trading sessions through to Mar 7, with S$224 million of net institutional outflow, as 26 primary-listed companies conducted buybacks with a total consideration of S$24.4 million, quadrupling the buyback consideration of the preceding five sessions.</li><li>This increased his total interest from 53.27 per cent to 53.61 per cent.</li><li>This followed his acquisition of 4.5 million shares between Feb 27 and 28.</li></ul>

Director filings and buybacks continue at stronger pace INSTITUTIONS were net sellers of Singapore stocks over the five trading sessions through to Mar 7, with S$224 million of net institutional outflow, as 26 primary-listed companies conducted buybacks with a total consideration of S$24.4 million, quadrupling the buyback consideration of the preceding five sessions.This increased his total interest from 53.27 per cent to 53.61 per cent.This followed his acquisition of 4.5 million shares between Feb 27 and 28.

Director Filings & Buybacks Continue Stronger Pace

<ul><li>Last week, the trio of DBS, UOB and OCBC averaged 3.4% gains, bringing their average 3Q23-to-date total return to 8.7%.</li><li>The 3Q23-to-date has seen the trio of DBS, UOB & OCBC report combined 2Q23 Net Interest Income (NII) of S$8.26 billion, marking the third-consecutive quarter that combined quarterly NII has been above the S$8.0 billion mark.</li><li>DBS Group Holdings (DBS), United Overseas Bank (UOB) and Oversea-Chinese Banking Corporation (OCBC) also moved in tandem averaging a 4% gain on the week.</li></ul>

Last week, the trio of DBS, UOB and OCBC averaged 3.4% gains, bringing their average 3Q23-to-date total return to 8.7%.The 3Q23-to-date has seen the trio of DBS, UOB & OCBC report combined 2Q23 Net Interest Income (NII) of S$8.26 billion, marking the third-consecutive quarter that combined quarterly NII has been above the S$8.0 billion mark.DBS Group Holdings (DBS), United Overseas Bank (UOB) and Oversea-Chinese Banking Corporation (OCBC) also moved in tandem averaging a 4% gain on the week.

Global Banks Led Stocks on the Week with Arm IPO & Growth Outlook

Alpha-Centric ESG Research

Kyle Rudden

Thematic (Sector/Industry)

<ul><li>Singapore's major banks – DBS, OCBC, and UOB – have set sector-specific emissions targets for indirect emissions related to financial activities, known as Scope 3 "financed" emissions.</li><li>Collectively, these sector targets span ten carbon-intensive sectors, represent S$200+ billion in corporate loan portfolios, and cover the majority of the banks' total financed emissions.</li><li>Financed emissions targets facilitate decarbonisation of emissions-intensive clients, reducing climate-related risks and creating opportunities for new and innovative financial products.</li></ul>

Singapore's major banks – DBS, OCBC, and UOB – have set sector-specific emissions targets for indirect emissions related to financial activities, known as Scope 3 "financed" emissions.Collectively, these sector targets span ten carbon-intensive sectors, represent S$200+ billion in corporate loan portfolios, and cover the majority of the banks' total financed emissions.Financed emissions targets facilitate decarbonisation of emissions-intensive clients, reducing climate-related risks and creating opportunities for new and innovative financial products.

Singapore Banks and Financed Emissions: DBS, OCBC, and UOB

Singapore

DBS Group Holdings Limited and its subsidiaries provide a variety of financial services.  The Company offers services including mortgage financing, lease and hire purchase financing, nominee and trustee, funds management, corporate advisory and brokerage .  DBS Group also acts as the primary dealer in Singapore government securities.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

DBS (DBS SP)

Wilmar and Raffles Medical chairmen continue buying spree

Institutions were net sellers of Singapore stocks over the five trading sessions through to May 16, with S$28.5 million of net institutional...

Singapore Exchange Ltd (SGX)

Wilmar, Raffles Medical chairs continue adding to stakes

CapitaLand Investment (CLI) led the buyback consideration tally, buying back 17,055,700 shares at an average price of S$2.61 per share. This...

Singapore Exchange Ltd (SGX)

Director Filings & Buybacks Continue Stronger Pace

Director filings and buybacks continue at stronger pace INSTITUTIONS were net sellers of Singapore stocks over the five trading sessions through...

Singapore Exchange Ltd (SGX)

Global Banks Led Stocks on the Week with Arm IPO & Growth Outlook

Last week, the trio of DBS, UOB and OCBC averaged 3.4% gains, bringing their average 3Q23-to-date total return to 8.7%. The 3Q23-to-date has seen...

Singapore Exchange Ltd (SGX)

Singapore Banks and Financed Emissions: DBS, OCBC, and UOB

Singapore's major banks – DBS, OCBC, and UOB – have set sector-specific emissions targets for indirect emissions related to financial activities,...

Kyle Rudden

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)