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>Kopi-C with AIMS APAC REIT’s CEO: ‘Property is a people business’ Russell Ng, CEO of AIMS APAC REIT, believes that to build a strong foundation for growth, the quality of its portfolio and active stakeholder engagement goes hand in hand.</li><li>That is the ethos adopted by AIMS APAC REIT (AA REIT) CEO Russell Ng, who has been steadily building on its real estate business, laying it out stone by stone, asset by asset.</li></ul>

Kopi-C with AIMS APAC REIT’s CEO: ‘Property is a people business’ Russell Ng, CEO of AIMS APAC REIT, believes that to build a strong foundation for growth, the quality of its portfolio and active stakeholder engagement goes hand in hand.That is the ethos adopted by AIMS APAC REIT (AA REIT) CEO Russell Ng, who has been steadily building on its real estate business, laying it out stone by stone, asset by asset.

Kopi-C with AIMS APAC REIT’s CEO: ‘Property is a people business’

<ul><li>The month of May saw the iEdge S-Reit Index decline 3.0 per cent in total return on the back of persistent inflation and growing expectations of a June rate hike, reversing its 0.6 per cent gains in April.</li><li>By sub-segments, retail S-Reits, which averaged total returns of 0.9 per cent in May, is the only S-Reits sub-segment which averaged positive total returns.</li><li>On the other hand, office S-Reits underperformed for the month, averaging 9.9 per cent declines in total returns.</li></ul>

The month of May saw the iEdge S-Reit Index decline 3.0 per cent in total return on the back of persistent inflation and growing expectations of a June rate hike, reversing its 0.6 per cent gains in April.By sub-segments, retail S-Reits, which averaged total returns of 0.9 per cent in May, is the only S-Reits sub-segment which averaged positive total returns.On the other hand, office S-Reits underperformed for the month, averaging 9.9 per cent declines in total returns.

REIT Watch – Retail S-REITs among top performers in May

<ul><li>REIT Watch – Industrial S-Reits record positive rental reversions Mapletree Logistics Trust (MLT), Aims Apac Reit (AAReit) and Mapletree Industrial Trust (MIT) received the most institutional net inflows this year-to-date totalling S$12 million, while ESR-Logos Reit (E-Log), MIT and Sabana Industrial Reit received the most net retail inflows totalling S$22 million.</li><li>Sabana Industrial Reit, the only industrial S-Reit with all of its assets in Singapore, saw FY22 gross revenue rise by 15.9 per cent yoy, while NPI rose 2.6 per cent yoy.</li></ul>

REIT Watch – Industrial S-Reits record positive rental reversions Mapletree Logistics Trust (MLT), Aims Apac Reit (AAReit) and Mapletree Industrial Trust (MIT) received the most institutional net inflows this year-to-date totalling S$12 million, while ESR-Logos Reit (E-Log), MIT and Sabana Industrial Reit received the most net retail inflows totalling S$22 million.Sabana Industrial Reit, the only industrial S-Reit with all of its assets in Singapore, saw FY22 gross revenue rise by 15.9 per cent yoy, while NPI rose 2.6 per cent yoy.

REIT Watch – Industrial S-Reits record positive rental reversions

<ul><li>The FTSE ST Small Cap Index currently consists of more than 50 stocks, with the majority of the constituents maintaining a market cap of between S$2 billion and S$200 million.</li><li>The FTSE ST Small Cap Index constituents have seen close to S$50 million in aggregate net fund outflow in the 2023 YTD.</li><li>FTSE ST Small Cap Index - Constituents that booked highest Net Fund Inflow in 2023 YTD.</li></ul>

The FTSE ST Small Cap Index currently consists of more than 50 stocks, with the majority of the constituents maintaining a market cap of between S$2 billion and S$200 million.The FTSE ST Small Cap Index constituents have seen close to S$50 million in aggregate net fund outflow in the 2023 YTD.FTSE ST Small Cap Index - Constituents that booked highest Net Fund Inflow in 2023 YTD.

Samudera, AIMS APAC & CAO Led YTD Small Cap Index Fund Inflow

<ul><li>REIT Watch - Industrial S-Reits see resilience despite macro challenges All eight of Singapore’s industrial S-Reits have reported their respective Q3 financial results or business updates.</li><li>Four out of the eight industrial S-Reits published financial results for the latest quarter – Aims Apac Reit, EC World Reit, Mapletree Industrial Trust and Mapletree Logistics Trust – while the rest reported interim business updates.</li></ul>

REIT Watch - Industrial S-Reits see resilience despite macro challenges All eight of Singapore’s industrial S-Reits have reported their respective Q3 financial results or business updates.Four out of the eight industrial S-Reits published financial results for the latest quarter – Aims Apac Reit, EC World Reit, Mapletree Industrial Trust and Mapletree Logistics Trust – while the rest reported interim business updates.

REIT Watch - Industrial S-Reits see resilience despite macro challenges

Singapore

AIMS APAC REIT is a real estate investment trust that invests in and manages a diversified portfolio of income-producing industrial, logistics, and business park properties across the Asia-Pacific region. It provides leasing and rental services for assets used in warehousing, distribution, business park, light industrial, high-tech, and manufacturing activities. The company is headquartered in Singapore and was incorporated in 2006.

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AIMS APAC REIT (AAREIT SP)

Kopi-C with AIMS APAC REIT’s CEO: ‘Property is a people business’

Kopi-C with AIMS APAC REIT’s CEO: ‘Property is a people business’ Russell Ng, CEO of AIMS APAC REIT, believes that to build a strong foundation...

Singapore Exchange Ltd (SGX)

REIT Watch – Retail S-REITs among top performers in May

The month of May saw the iEdge S-Reit Index decline 3.0 per cent in total return on the back of persistent inflation and growing expectations of a...

Singapore Exchange Ltd (SGX)

REIT Watch – Industrial S-Reits record positive rental reversions

REIT Watch – Industrial S-Reits record positive rental reversions Mapletree Logistics Trust (MLT), Aims Apac Reit (AAReit) and Mapletree...

Singapore Exchange Ltd (SGX)

Samudera, AIMS APAC & CAO Led YTD Small Cap Index Fund Inflow

The FTSE ST Small Cap Index currently consists of more than 50 stocks, with the majority of the constituents maintaining a market cap of between...

Singapore Exchange Ltd (SGX)

REIT Watch - Industrial S-Reits see resilience despite macro challenges

REIT Watch - Industrial S-Reits see resilience despite macro challenges All eight of Singapore’s industrial S-Reits have reported their respective...

Singapore Exchange Ltd (SGX)

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