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>Yangzijiang Shipbuilding achieved a 32.2% ROE, with a US$22.4 billion order book across 256 vessels.  </li><li>Nam Cheong recorded a 45.4% ROE, with 71% of its fleet on long-term charters and five vessels expected by year-end.  </li><li>Beng Kuang Marine posted a 34.1% ROE, securing S$85.2 million in new contracts and S$70.7 million in outstanding work.</li></ul>

Yangzijiang Shipbuilding achieved a 32.2% ROE, with a US$22.4 billion order book across 256 vessels.  Nam Cheong recorded a 45.4% ROE, with 71% of its fleet on long-term charters and five vessels expected by year-end.  Beng Kuang Marine posted a 34.1% ROE, securing S$85.2 million in new contracts and S$70.7 million in outstanding work.

Sector Sweep - Singapore’s Maritime Sector Sees Stronger Earnings and Business Sentiment

<ul><li>Avi-Tech Holdings saw a strategic stake sale, with Global Wave Venture acquiring 29.9% for S$17.0 million, prompting leadership changes.</li><li>Beng Kuang Marine's ownership rotated as Amova and Tokio Marine acquired shares, enhancing earnings capture through ASOM consolidation.</li><li>ASTI Holdings' CEO Eddie Ng increased his stake to 15.65%, aligning management with a debt-free balance sheet post-restructuring.</li></ul>

Avi-Tech Holdings saw a strategic stake sale, with Global Wave Venture acquiring 29.9% for S$17.0 million, prompting leadership changes.Beng Kuang Marine's ownership rotated as Amova and Tokio Marine acquired shares, enhancing earnings capture through ASOM consolidation.ASTI Holdings' CEO Eddie Ng increased his stake to 15.65%, aligning management with a debt-free balance sheet post-restructuring.

Buybacks, Director Transactions and Stake Realignments

<ul><li>Institutions were net sellers of Singapore stocks with a net outflow of S$156 million from March 6-12.</li><li>Over five sessions, 30 companies conducted share buybacks totaling S$65 million, with significant buybacks by Stoneweg Europe and Hongkong Land.</li><li>Beng Kuang Marine raised S$5 million through a share placement to support working capital, increasing share capital by 7.5%.</li></ul>

Institutions were net sellers of Singapore stocks with a net outflow of S$156 million from March 6-12.Over five sessions, 30 companies conducted share buybacks totaling S$65 million, with significant buybacks by Stoneweg Europe and Hongkong Land.Beng Kuang Marine raised S$5 million through a share placement to support working capital, increasing share capital by 7.5%.

Institutional Outflows Persist, as Buybacks Sustain and Insiders Accumulate

<ul><li>Institutions were net sellers of Singapore stocks over the four trading sessions spanning August 2 through to August 7, with S$586 million of net institutional outflow.</li><li>The four sessions also saw 12 primary-listed companies conduct buybacks with a total consideration of S$20.4 million.</li><li>Digital Core REIT Management also acquired units of Digital Core REIT over each of the four sessions.</li></ul>

Institutions were net sellers of Singapore stocks over the four trading sessions spanning August 2 through to August 7, with S$586 million of net institutional outflow.The four sessions also saw 12 primary-listed companies conduct buybacks with a total consideration of S$20.4 million.Digital Core REIT Management also acquired units of Digital Core REIT over each of the four sessions.

Cohen & Steers Ups Digital Core REIT Interest, Beng Kuang Marine CEO also adds to Interest

<ul><li>The top five performers among the 100 most traded stocks in Singapore for the year up to 17 July, were Beng Kuang Marine, Mermaid Maritime, Yoma Strategic, Yangzijiang Shipbuilding and Samudera Shipping.</li><li>Among the broader group of Singapore’s 200 most traded stocks this year, 63 stocks have generated YTD total returns of 10% or higher.</li><li>Among the 63 stocks, the Industrials Sector representing as many as 18 (29%) of the 63 stocks, compared to the sector representing 38 (19%) of the broader group of the 200 most traded stocks.</li></ul>

The top five performers among the 100 most traded stocks in Singapore for the year up to 17 July, were Beng Kuang Marine, Mermaid Maritime, Yoma Strategic, Yangzijiang Shipbuilding and Samudera Shipping.Among the broader group of Singapore’s 200 most traded stocks this year, 63 stocks have generated YTD total returns of 10% or higher.Among the 63 stocks, the Industrials Sector representing as many as 18 (29%) of the 63 stocks, compared to the sector representing 38 (19%) of the broader group of the 200 most traded stocks.

Singapore's Most Actively Traded Stocks with Double-Digit YTD Total Returns

Singapore

Beng Kuang Marine Ltd. specializes in infrastructure engineering and corrosion prevention services for the marine and offshore energy industries. The company provides shipbuilding, offshore construction, and maintenance services for vessels and platforms, alongside the supply of marine equipment. It is headquartered in Singapore and was founded in 1994.

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Beng Kuang Marine (BKM SP)

Sector Sweep - Singapore’s Maritime Sector Sees Stronger Earnings and Business Sentiment

Yangzijiang Shipbuilding achieved a 32.2% ROE, with a US$22.4 billion order book across 256 vessels. Nam Cheong recorded a 45.4% ROE, with 71%...

Singapore Exchange Ltd (SGX)

Buybacks, Director Transactions and Stake Realignments

Avi-Tech Holdings saw a strategic stake sale, with Global Wave Venture acquiring 29.9% for S$17.0 million, prompting leadership changes. Beng...

Singapore Exchange Ltd (SGX)

Institutional Outflows Persist, as Buybacks Sustain and Insiders Accumulate

Institutions were net sellers of Singapore stocks with a net outflow of S$156 million from March 6-12. Over five sessions, 30 companies conducted...

Singapore Exchange Ltd (SGX)

Cohen & Steers Ups Digital Core REIT Interest, Beng Kuang Marine CEO also adds to Interest

Institutions were net sellers of Singapore stocks over the four trading sessions spanning August 2 through to August 7, with S$586 million of net...

Singapore Exchange Ltd (SGX)

Singapore's Most Actively Traded Stocks with Double-Digit YTD Total Returns

The top five performers among the 100 most traded stocks in Singapore for the year up to 17 July, were Beng Kuang Marine, Mermaid Maritime, Yoma...

Singapore Exchange Ltd (SGX)

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52-week Range

Market Cap (USDm)

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