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.

Thematic (Sector/Industry)

§  Ascendas REIT has recently replaced CapitaLand Mall Trust as Singapore's largest capitalised REIT – and has been the second-best performing REIT in the YTD with an 11.9% total return.§  The capitalisation of Singapore’s REIT Sector has almost doubled over the past five years. Singapore’s REIT Sector also maintains a competitive edge with higher average yields and lower average gearing ratios than the combined REIT Sector of Japan, Australia and Hong Kong. §  The NikkoAM - StraitsTrading Asia ex Japan REIT ETF  which is expected to include up to 70% weightage in Singapore REITs is scheduled to list on SGX on 29 March 2017. Ascendas REIT and CapitaLand Mall Trust are expected to maintain relatively large weightings in the ETF.

§  Ascendas REIT has recently replaced CapitaLand Mall Trust as Singapore's largest capitalised REIT – and has been the second-best performing REIT in the YTD with an 11.9% total return.§  The capitalisation of Singapore’s REIT Sector has almost doubled over the past five years. Singapore’s REIT Sector also maintains a competitive edge with higher average yields and lower average gearing ratios than the combined REIT Sector of Japan, Australia and Hong Kong. §  The NikkoAM - StraitsTrading Asia ex Japan REIT ETF  which is expected to include up to 70% weightage in Singapore REITs is scheduled to list on SGX on 29 March 2017. Ascendas REIT and CapitaLand Mall Trust are expected to maintain relatively large weightings in the ETF. 

Ascendas REIT Is Now Singapore's Largest Capitalised REIT

ASEAN Insight Provider, CrossASEAN Research

Angus Mackintosh

ASEAN Insight Provider

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

For this week's ASEAN Weekly, created in the midst of Jakarta "Macet", I interviewed Insight Provider and Thai guru <a href="https://www.smartkarma.com/profiles/766" target="_blank" data-smartkarma-citation="accounts:766">Athaporn Arayasantiparb</a> to canvass his views on Thailand and his top picks at the moment. His views on the overall economy suggest there may be too much optimism around on a domestic recovery and higher oil prices may eventually stymie growth for the Thai consumer. He likes selected banks, higher end property developers, energy, construction and tourism. Please read on for a…

For this week's ASEAN Weekly, created in the midst of Jakarta "Macet", I interviewed Insight Provider and Thai guru Athaporn Arayasantiparb to canvass his views on Thailand and his top picks at the moment. His views on the overall economy suggest there may be too much optimism around on a domestic recovery and higher oil prices may eventually stymie growth for the Thai consumer. He likes selected banks, higher end property developers, energy, construction and tourism. Please read on for a…

The Week That Was in ASEAN@Smartkarma (Part 2) - Macet=Traffic Jam

Special Situations, Content Strategist, Smartkarma

Crispin Francis

Special Situations, Content Strategist

Event-Driven

According to SGX latest disclosures (<a href="http://infopub.sgx.com/FileOpen/_eFORM3V2_ESR_WP_Final.ashx?App=Announcement&amp;FileID=442081" target="_blank">link </a>to filings), e-Shang Infinity Cayman Limited has become a substantial shareholder of <a href="https://www.smartkarma.com/entities/911" target="_blank" data-smartkarma-citation="entities:911:1">Sabana Shariah Compliant Reit ("Sabana", SSREIT SP)</a>.<div class="content-highlight">e-Shang now owns 52,705,000 shares of Sabana representing a 5.01% stake. </div>From the filings, it seems that e-Shang had accumulated 51.45m shares (4.89% stake) before crossing the 5% mark after buying 1.25m shares of Sabana on 2 March 2017 at a total costs of SGD 546,250 (SGD 0.437 per share on average). Crossing the 5%…

According to SGX latest disclosures (link to filings), e-Shang Infinity Cayman Limited has become a substantial shareholder of Sabana Shariah Compliant Reit ("Sabana", SSREIT SP).e-Shang now owns 52,705,000 shares of Sabana representing a 5.01% stake. From the filings, it seems that e-Shang had accumulated 51.45m shares (4.89% stake) before crossing the 5% mark after buying 1.25m shares of Sabana on 2 March 2017 at a total costs of SGD 546,250 (SGD 0.437 per share on average). Crossing the 5%…

Sabana REIT - EShang Emerges with a 5.01% Stake

In this week's ASEAN Weekly, we have <a href="https://www.smartkarma.com/profiles/1208" target="_blank" data-smartkarma-citation="accounts:1208">Nicolas Van Broekhoven</a> publishing his inaugural Insight on <a href="https://www.smartkarma.com/entities/19384" target="_blank" data-smartkarma-citation="entities:19384:1">Micro Mechanics (Holdings) Ltd (MMH SP)</a>, which looks like an interesting cash rich value play. <a href="https://www.smartkarma.com/profiles/48" target="_blank" data-smartkarma-citation="accounts:48">Jason Tan</a> highlights Singapore's monetary dilemma, where it will now need to rely more on fiscal stimulus to lift the economy. <a href="https://www.smartkarma.com/profiles/35" target="_blank" data-smartkarma-citation="accounts:35">Manu Bhaskaran</a> applauds Ahok's victory in the first round of the Jakarta Governor's election but he may need President Jokowi's help to win out next time round.<a href="https://www.smartkarma.com/profiles/827" target="_blank" data-smartkarma-citation="accounts:827">Control Risks</a> writes…

In this week's ASEAN Weekly, we have Nicolas Van Broekhoven publishing his inaugural Insight on Micro Mechanics (Holdings) Ltd (MMH SP), which looks like an interesting cash rich value play. Jason Tan highlights Singapore's monetary dilemma, where it will now need to rely more on fiscal stimulus to lift the economy. Manu Bhaskaran applauds Ahok's victory in the first round of the Jakarta Governor's election but he may need President Jokowi's help to win out next time round.Control Risks writes…

The Week That Was in Asean@Smartkarma - Policy Shifts, Taxing Diesel and Micro Lending

Asia Ex-J Consumer/ Transport analyst

Valerie Law, CFA

There were a couple of news items this week that convinced me that the Singapore government will not protect traditional businesses or practices, from disruption. Even the Singapore government has started to shift its career-advancement practices (<a href="http://www.straitstimes.com/singapore/civil-servants-no-longer-grouped-by-education-level" target="_blank">civil servants no longer grouped by educational level</a>) and the channels it propagates messages. 1. First, a headline that can't be missed:  On Wednesday (22 February), the Business Times headline screams: Signal goes out to struggling firms: Buck up -…

There were a couple of news items this week that convinced me that the Singapore government will not protect traditional businesses or practices, from disruption. Even the Singapore government has started to shift its career-advancement practices (civil servants no longer grouped by educational level) and the channels it propagates messages. 1. First, a headline that can't be missed:  On Wednesday (22 February), the Business Times headline screams: Signal goes out to struggling firms: Buck up -…

Singapore: Traditional Firms Must Disrupt Themselves or The Market Will Do It

Singapore

Global Logistic Properties Limited develops, owns and leases modern logistics facilities across China and Japan.  The Company's customers include global retailers and third party logistics companies. GLP offers various solutions to customers to help improve their supply chain efficiency and fulfill their strategic expansion goals.

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Global Logistic Properties (GLP SP)

Ascendas REIT Is Now Singapore's Largest Capitalised REIT

§ Ascendas REIT has recently replaced CapitaLand Mall Trust as Singapore's largest capitalised REIT – and has been the second-best performing REIT...

Singapore Exchange Ltd (SGX)

The Week That Was in ASEAN@Smartkarma (Part 2) - Macet=Traffic Jam

For this week's ASEAN Weekly, created in the midst of Jakarta "Macet", I interviewed Insight Provider and Thai guru Athaporn Arayasantiparb to...

Angus Mackintosh

Sabana REIT - EShang Emerges with a 5.01% Stake

According to SGX latest disclosures (link to filings), e-Shang Infinity Cayman Limited has become a substantial shareholder of Sabana Shariah...

Crispin Francis

The Week That Was in Asean@Smartkarma - Policy Shifts, Taxing Diesel and Micro Lending

In this week's ASEAN Weekly, we have Nicolas Van Broekhoven publishing his inaugural Insight on Micro Mechanics (Holdings) Ltd (MMH SP), which...

Angus Mackintosh

Singapore: Traditional Firms Must Disrupt Themselves or The Market Will Do It

There were a couple of news items this week that convinced me that the Singapore government will not protect traditional businesses or...

Valerie Law, CFA

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