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 23 - 29 Jun 2023 As at Jun 28, the three SDR collectively garnered close to S$0.2 million retail net inflows, with largest net buys in Airports of Thailand.</li><li>His preceding acquisitions were on Jun 6 and 5, with 17,000 shares and 6,800 shares acquired respectively, at S$0.96 per share.</li></ul>

Share buybacks by primary listed companies 23 - 29 Jun 2023 As at Jun 28, the three SDR collectively garnered close to S$0.2 million retail net inflows, with largest net buys in Airports of Thailand.His preceding acquisitions were on Jun 6 and 5, with 17,000 shares and 6,800 shares acquired respectively, at S$0.96 per share.

Malaysia’s EPF lifts its AEM stake, crossing 10% level

<ul><li>While Technology has ranked as both the strongest performing sector globally and regionally over the past 21 weeks, the 10 most traded Singapore-listed Technology stocks have averaged a 6% YTD decline in total return on S$63 million of net institutional outflow, with the majority of the 10 stocks priced at a discount to their 5-year P/B.</li><li>Last week, UMS and AEM averaged 8.5% symmetrical returns on combined net institutional flow of S$10 million.</li><li>The 10 stocks have averaged a 6.0% decline in total return over the past 21 weeks on S$62.6 million of net institutional outflow.</li></ul>

While Technology has ranked as both the strongest performing sector globally and regionally over the past 21 weeks, the 10 most traded Singapore-listed Technology stocks have averaged a 6% YTD decline in total return on S$63 million of net institutional outflow, with the majority of the 10 stocks priced at a discount to their 5-year P/B.Last week, UMS and AEM averaged 8.5% symmetrical returns on combined net institutional flow of S$10 million.The 10 stocks have averaged a 6.0% decline in total return over the past 21 weeks on S$62.6 million of net institutional outflow.

Recent AI Spotlight saw UMS & AEM Average 8.5% Gains on the Week

<ul><li>Share buybacks by primary listed companies 3 Mar - 9 Mar 2023 Meanwhile, Genting Singapore, Sembcorp Industries, Jardine Matheson, Singapore Airlines, Yangzijiang Shipbuilding (Holdings) led the net institutional inflow for the five sessions.</li><li>There were 19 primary-listed companies conducting share buybacks over the five trading sessions through to Mar 9, with a total consideration of S$10.6 million.</li></ul>

Share buybacks by primary listed companies 3 Mar - 9 Mar 2023 Meanwhile, Genting Singapore, Sembcorp Industries, Jardine Matheson, Singapore Airlines, Yangzijiang Shipbuilding (Holdings) led the net institutional inflow for the five sessions.There were 19 primary-listed companies conducting share buybacks over the five trading sessions through to Mar 9, with a total consideration of S$10.6 million.

Buybacks, director transactions resume at a lively pace

<ul><li>Venture, UMS & Frencken have ranked as Singapore’s most traded Technology stocks over the past four weeks, with the trio averaging 14% gains, while booking S$48 million of net fund inflows.</li><li>This follows average declines of 24% in total return in 2022 on S$139 million of net fund outflows.</li><li>These 14 stocks have averaged 10% gains over the past four weeks, while booking S$42 million of net fund inflows, outpacing the STI, and contrary to the broader Singapore stock market which has booked net fund outflows.</li></ul>

Venture, UMS & Frencken have ranked as Singapore’s most traded Technology stocks over the past four weeks, with the trio averaging 14% gains, while booking S$48 million of net fund inflows.This follows average declines of 24% in total return in 2022 on S$139 million of net fund outflows.These 14 stocks have averaged 10% gains over the past four weeks, while booking S$42 million of net fund inflows, outpacing the STI, and contrary to the broader Singapore stock market which has booked net fund outflows.

Technology Sector Led Global Stocks in January

<ul><li>Technology Stocks have been among the weakest performing stocks across the globe so far this year, while still maintaining the strongest stock returns since the end of 2019.</li><li>Similarly, in Singapore, the 10 most traded stocks relevant to the Technology Sector have averaged 33% declines in total return this year, bringing the average total return of the eight stocks listed for the full period from the end of 2019 to 68%.</li><li>Last week Singapore’s 10 most traded Technology-related stocks averaged double-digit declines, with iFAST Corporation and Silverlake Axis the most defensive of the 10 stocks, averaging 4% declines, while AEM Holdings and UMS Holdings averaged 22% declines.</li></ul>

Technology Stocks have been among the weakest performing stocks across the globe so far this year, while still maintaining the strongest stock returns since the end of 2019.Similarly, in Singapore, the 10 most traded stocks relevant to the Technology Sector have averaged 33% declines in total return this year, bringing the average total return of the eight stocks listed for the full period from the end of 2019 to 68%.Last week Singapore’s 10 most traded Technology-related stocks averaged double-digit declines, with iFAST Corporation and Silverlake Axis the most defensive of the 10 stocks, averaging 4% declines, while AEM Holdings and UMS Holdings averaged 22% declines.

Technology Stocks Take Spotlight on US Trade Policy & Growth Outlook 

Singapore

AEM Holdings Limited designs and manufactures semiconductor manufacturing equipment and related tooling parts and precision machining of components for semiconductor industry.  The Company also manufactures and distributes electronics, engineering, chemical and related products. AEM provides engineering services.

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AEM (AEM SP)

Malaysia’s EPF lifts its AEM stake, crossing 10% level

Share buybacks by primary listed companies 23 - 29 Jun 2023 As at Jun 28, the three SDR collectively garnered close to S$0.2 million retail net...

Singapore Exchange Ltd (SGX)

Recent AI Spotlight saw UMS & AEM Average 8.5% Gains on the Week

While Technology has ranked as both the strongest performing sector globally and regionally over the past 21 weeks, the 10 most traded...

Singapore Exchange Ltd (SGX)

Buybacks, director transactions resume at a lively pace

Share buybacks by primary listed companies 3 Mar - 9 Mar 2023 Meanwhile, Genting Singapore, Sembcorp Industries, Jardine Matheson, Singapore...

Singapore Exchange Ltd (SGX)

Technology Sector Led Global Stocks in January

Venture, UMS & Frencken have ranked as Singapore’s most traded Technology stocks over the past four weeks, with the trio averaging 14% gains,...

Singapore Exchange Ltd (SGX)

Technology Stocks Take Spotlight on US Trade Policy & Growth Outlook

Technology Stocks have been among the weakest performing stocks across the globe so far this year, while still maintaining the strongest stock...

Singapore Exchange Ltd (SGX)

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