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

Capitaland India Trust / Equity Bottom-Up

<ul><li>REIT Watch - CapitaLand Reits see operational growth in Q3 CLI’s funds business comprises five real estate investment trusts (Reits) and business trusts listed on the Singapore Exchange (SGX).</li><li>Ascendas Reit is now known as CapitaLand Ascendas Reit; Ascott Residence Trust is now known as CapitaLand Ascott Trust; while Ascendas India Trust is changed to CapitaLand India Trust.</li></ul>

REIT Watch - CapitaLand Reits see operational growth in Q3 CLI’s funds business comprises five real estate investment trusts (Reits) and business trusts listed on the Singapore Exchange (SGX).Ascendas Reit is now known as CapitaLand Ascendas Reit; Ascott Residence Trust is now known as CapitaLand Ascott Trust; while Ascendas India Trust is changed to CapitaLand India Trust.

REIT Watch - CapitaLand Reits see operational growth in Q3

Mapletree Logistics Trust / Equity Bottom-Up

<ul><li>For the quarter, Singapore’s Reits and Property Trusts (S-Reits) sector declined 7 per cent in total returns, slightly outperforming the 10 per cent decline of the broader FTSE EPRA Nareit Developed Index.</li><li>Across the sub-sectors, industrial S-Reits saw the least declines, averaging -3 per cent total returns during the quarter, while office S-Reits saw the most declines, averaging -16 per cent total returns.</li><li>Digital Core Reit received net inflows of S$0.2 million from institutional investors and S million from retail investors.</li></ul>

For the quarter, Singapore’s Reits and Property Trusts (S-Reits) sector declined 7 per cent in total returns, slightly outperforming the 10 per cent decline of the broader FTSE EPRA Nareit Developed Index.Across the sub-sectors, industrial S-Reits saw the least declines, averaging -3 per cent total returns during the quarter, while office S-Reits saw the most declines, averaging -16 per cent total returns.Digital Core Reit received net inflows of S$0.2 million from institutional investors and S million from retail investors.

REIT Watch - 5 S-Reits with net institutional and retail inflows in Q3 2022

CapitaLand Ascendas REIT / Equity Bottom-Up

<ul><li>REIT Watch - Logistics S-Reits to ride on e-commerce growth With accelerated digital transformation, shifts in consumer trends and a greater focus on supply-chain resilience, the global logistics industry remains central to the rapid growth of e-commerce.</li><li>MLT expects that the acceleration of e-commerce will continue to drive demand growth for logistics space, particularly modern logistics properties in prime locations.</li></ul>

REIT Watch - Logistics S-Reits to ride on e-commerce growth With accelerated digital transformation, shifts in consumer trends and a greater focus on supply-chain resilience, the global logistics industry remains central to the rapid growth of e-commerce.MLT expects that the acceleration of e-commerce will continue to drive demand growth for logistics space, particularly modern logistics properties in prime locations.

REIT Watch - Logistics S-Reits to ride on e-commerce growth

<ul><li>REIT Watch - Latest S-Reit acquisitions in industrial and hospitality sectors A number of acquisitions announced were in sectors such as industrial/logistics, office properties, data centres, and hospitality sectors.</li><li>Cromwell European Reit (CEReit) in July announced the proposed acquisition of its third logistics asset in the United Kingdom.</li></ul>

REIT Watch - Latest S-Reit acquisitions in industrial and hospitality sectors A number of acquisitions announced were in sectors such as industrial/logistics, office properties, data centres, and hospitality sectors.Cromwell European Reit (CEReit) in July announced the proposed acquisition of its third logistics asset in the United Kingdom.

REIT Watch - Latest S-Reit acquisitions in industrial and hospitality sectors

<ul><li>Following the broad downtrend that gripped global stocks in 1H22, most benchmarks have posted partial recoveries over the first seven weeks of 2H22.</li><li>However, the uneven global growth outlook has seen China stocks (as gauged by the FTSE China A50 Index) further decline by 10%, following the 6% decline in 1H22.</li><li>Growth, inflation, and the inflationary impact on growth has carried an uneven impact on global economic sectors and by extension sectors and industries in 1H22.</li></ul>

Following the broad downtrend that gripped global stocks in 1H22, most benchmarks have posted partial recoveries over the first seven weeks of 2H22.However, the uneven global growth outlook has seen China stocks (as gauged by the FTSE China A50 Index) further decline by 10%, following the 6% decline in 1H22.Growth, inflation, and the inflationary impact on growth has carried an uneven impact on global economic sectors and by extension sectors and industries in 1H22.

Recent Stockmarket Moves and Challenges Ahead

Singapore

CapitaLand Ascendas REIT is an industrial real estate investment trust. The Trust invests in business and science park properties, integrated development, amenities, and retail (IDAR) properties, high-specifications industrial properties and data centers, light industrial and flatted factories, and logistics and distribution centers.

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CapitaLand Ascendas REIT (CLAR SP)

REIT Watch - CapitaLand Reits see operational growth in Q3

REIT Watch - CapitaLand Reits see operational growth in Q3 CLI’s funds business comprises five real estate investment trusts (Reits) and business...

Singapore Exchange Ltd (SGX)

REIT Watch - 5 S-Reits with net institutional and retail inflows in Q3 2022

For the quarter, Singapore’s Reits and Property Trusts (S-Reits) sector declined 7 per cent in total returns, slightly outperforming the 10 per...

Singapore Exchange Ltd (SGX)

REIT Watch - Logistics S-Reits to ride on e-commerce growth

REIT Watch - Logistics S-Reits to ride on e-commerce growth With accelerated digital transformation, shifts in consumer trends and a greater focus...

Singapore Exchange Ltd (SGX)

REIT Watch - Latest S-Reit acquisitions in industrial and hospitality sectors

REIT Watch - Latest S-Reit acquisitions in industrial and hospitality sectors A number of acquisitions announced were in sectors such as...

Singapore Exchange Ltd (SGX)

Recent Stockmarket Moves and Challenges Ahead

Following the broad downtrend that gripped global stocks in 1H22, most benchmarks have posted partial recoveries over the first seven weeks of...

Singapore Exchange Ltd (SGX)

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