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>Share buybacks by primary listed companies 12 - 18 May 2023 DBS, Genting Singapore, UOB, CapitaLand Investment and Thai Beverage led the net institutional outflow for the five sessions.</li><li>At S$0.044 per share, the acquisition took Lee’s total interest in Marco Polo Marine from 4.56 per cent to 4.57 per cent.</li><li>His preceding acquisition was back on Jan 12, with 5 million shares acquired at S$0.04 per share.</li></ul>

Share buybacks by primary listed companies 12 - 18 May 2023 DBS, Genting Singapore, UOB, CapitaLand Investment and Thai Beverage led the net institutional outflow for the five sessions.At S$0.044 per share, the acquisition took Lee’s total interest in Marco Polo Marine from 4.56 per cent to 4.57 per cent.His preceding acquisition was back on Jan 12, with 5 million shares acquired at S$0.04 per share.

Aztech Global executive chair adds to stake

10 in 10 with ARA US Hospitality Trust - Recovery On Track

ARA US Hospitality Trust / Equity Bottom-Up

<ul><li>Of the 30 S-REITs which have declared full year 2022 distributions, median change in distribution per unit (DPU) increased marginally by 0.2 per cent year-on-year (y-o-y).</li><li>The five trusts with the highest y-o-y DPU increments for FY22 are: ARA US Hospitality Trust (760 per cent), Paragon REIT (34 per cent), CDL Hospitality Trusts (32 per cent), CapitaLand Ascott Trust (31 per cent) and Far East Hospitality Trust (24 per cent).</li><li>CDL Hospitality Trusts (CDLHT) declared a DPS of 5.63 Singapore cents for FY22, up 31.9 per cent y-o-y.</li></ul>

Of the 30 S-REITs which have declared full year 2022 distributions, median change in distribution per unit (DPU) increased marginally by 0.2 per cent year-on-year (y-o-y).The five trusts with the highest y-o-y DPU increments for FY22 are: ARA US Hospitality Trust (760 per cent), Paragon REIT (34 per cent), CDL Hospitality Trusts (32 per cent), CapitaLand Ascott Trust (31 per cent) and Far East Hospitality Trust (24 per cent).CDL Hospitality Trusts (CDLHT) declared a DPS of 5.63 Singapore cents for FY22, up 31.9 per cent y-o-y.

REIT Watch – Hospitality S-REITs’ DPU rebound 32% in 2022

<ul><li>Recent acquisitions made by CapitaLand India Trust and ARA US Hospitality Trust Singapore-listed real estate investment trust (S-Reit) acquisitions continue into 2023 with ARA US Hospitality Trust’s recent proposed acquisition of a Colorado Hilton-branded hotel in the US for US$29 million.</li><li>This was after CapitaLand India Trust (Clint) had announced two more acquisitions and a memorandum of understanding (MOU) in December 2022 to end the year.</li></ul>

Recent acquisitions made by CapitaLand India Trust and ARA US Hospitality Trust Singapore-listed real estate investment trust (S-Reit) acquisitions continue into 2023 with ARA US Hospitality Trust’s recent proposed acquisition of a Colorado Hilton-branded hotel in the US for US$29 million.This was after CapitaLand India Trust (Clint) had announced two more acquisitions and a memorandum of understanding (MOU) in December 2022 to end the year.

REIT Watch - Recent acquisitions made by CapitaLand India Trust and ARA US Hospitality Trust

<ul><li>ARA US Hospitality Trust Rides Recovery in Travel “As hotels typically stand at the forefront of design and space innovation trends that later get adapted by other asset classes, there’s a perpetual learning aspect about the hotel industry,” said the Chief Executive Officer of the Managers of SGX-listed ARA US Hospitality Trust (ARA H-Trust).</li><li>ARA US Hospitality Trust invests in income-producing real estate assets used primarily for hospitality purposes located in the U.S.</li><li>ARA US Hospitality Trust’s portfolio currently comprises 40 select-service hotels with a total of 5,214 rooms across 21 states in the U.S.</li></ul>

ARA US Hospitality Trust Rides Recovery in Travel “As hotels typically stand at the forefront of design and space innovation trends that later get adapted by other asset classes, there’s a perpetual learning aspect about the hotel industry,” said the Chief Executive Officer of the Managers of SGX-listed ARA US Hospitality Trust (ARA H-Trust).ARA US Hospitality Trust invests in income-producing real estate assets used primarily for hospitality purposes located in the U.S.ARA US Hospitality Trust’s portfolio currently comprises 40 select-service hotels with a total of 5,214 rooms across 21 states in the U.S.

ARA US Hospitality Trust Rides Recovery in Travel

Singapore

ARA US Hospitality Trust is a Singapore-listed stapled trust. It owns upscale select-service hotels in the US.

ARA US Hospitality Trust (ARAUS SP)

Aztech Global executive chair adds to stake

Share buybacks by primary listed companies 12 - 18 May 2023 DBS, Genting Singapore, UOB, CapitaLand Investment and Thai Beverage led the net...

Singapore Exchange Ltd (SGX)

10 in 10 with ARA US Hospitality Trust - Recovery On Track

10 in 10 with ARA US Hospitality Trust - Recovery On Track

Singapore Exchange Ltd (SGX)

REIT Watch – Hospitality S-REITs’ DPU rebound 32% in 2022

Of the 30 S-REITs which have declared full year 2022 distributions, median change in distribution per unit (DPU) increased marginally by 0.2 per...

Singapore Exchange Ltd (SGX)

REIT Watch - Recent acquisitions made by CapitaLand India Trust and ARA US Hospitality Trust

Recent acquisitions made by CapitaLand India Trust and ARA US Hospitality Trust Singapore-listed real estate investment trust (S-Reit)...

Singapore Exchange Ltd (SGX)

ARA US Hospitality Trust Rides Recovery in Travel

ARA US Hospitality Trust Rides Recovery in Travel “As hotels typically stand at the forefront of design and space innovation trends that later get...

Singapore Exchange Ltd (SGX)