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 Ascendas REIT / Equity Bottom-Up

<ul><li>Coverage of climate-related disclosures by S-Reits vs global real estate sector average for each TCFD pillar The S-Reits industry, as with all other sectors, is experiencing growing pressure from investors, tenants, regulators, and other stakeholders to report key environment, social and governance (ESG) information.</li><li>The study reviewed the coverage and quality of disclosures by S-Reits against global peers and best practices based on the Task Force on Climate-related Financial Disclosures (TCFD) recommendations.</li></ul>

Coverage of climate-related disclosures by S-Reits vs global real estate sector average for each TCFD pillar The S-Reits industry, as with all other sectors, is experiencing growing pressure from investors, tenants, regulators, and other stakeholders to report key environment, social and governance (ESG) information.The study reviewed the coverage and quality of disclosures by S-Reits against global peers and best practices based on the Task Force on Climate-related Financial Disclosures (TCFD) recommendations.

REIT Watch - S-Reits raise their sustainability reporting standards

<ul><li>Top 10 retail net buy Reits in August (S$M) Top 10 institution net sell Reits in August (S$M) Some of the top net buy sectors by retail investors were diversified Reits (+S$104.8 million), hospitality Reits (+S$40.6 million), and industrial Reits (+S$22.0 million).</li></ul>

Top 10 retail net buy Reits in August (S$M) Top 10 institution net sell Reits in August (S$M)  Some of the top net buy sectors by retail investors were diversified Reits (+S$104.8 million), hospitality Reits (+S$40.6 million), and industrial Reits (+S$22.0 million).

REIT Watch - Retail and institutions net buy industrial and retail S-Reits in August

External broker reports(aggregated public sources), UOB Kay Hian

UOB Kay Hian

External broker reports(aggregated public sources)

Backed by the UOB Group, UOB Kay Hian is one of Asia’s largest brokerage firms. Headquartered in Singapore, we are supported by more than 80 branches worldwide including a growing network of offices across Southeast Asia, Greater China, the United Kingdom and North America. Our global footprint and strong international presence have enabled us to feel the pulse of key financial markets and deliver incisive intelligence across industry sectors and asset classes. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>The Shugart at one-north district provides attractive NPI yield of 8.3% (7.8% post-transaction costs).</li><li>The development of a six storey high-specification ramp-up logistics facility in Singapore provides attractive stabilised yield of 7.5-8.5%.</li><li>Including the potential acquisition in Europe, the basket of 3 initiatives provides DPU accretion of 1.2-1.3%.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

The Shugart at one-north district provides attractive NPI yield of 8.3% (7.8% post-transaction costs).The development of a six storey high-specification ramp-up logistics facility in Singapore provides attractive stabilised yield of 7.5-8.5%.Including the potential acquisition in Europe, the basket of 3 initiatives provides DPU accretion of 1.2-1.3%.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

CLAR SP - Growing Through 3 Initiatives While Preserving Resiliency Of Balance Sheet

External broker reports(aggregated public sources), RHB Invest

RHB Invest

RHB Investment Bank is one of the leading capital market players in Malaysia. Supported by an award-winning research team of experienced product specialists, RHB Group Investment Banking offers a full range of investment banking products and services covering primary markets, such as advisory (corporate & debt restructuring, mergers and acquisitions, takeovers), fundraising via both equity and debt instruments, and secondary markets including securities trading for both institutional and retail clients. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>CapitaLand Ascendas REIT (SGX:A17U)’s proposed acquisition of Seagate’s R&amp;D facility is positive – we like the asset’s modern specifications, location, and long lease term.</li><li>It is also in the process of finalising another acquisition in Europe and redevelopment of a logistics facility in Singapore.</li><li>Overall, we believe the transaction reinforces CapitaLand Ascendas REIT’s dominant positioning in the business space and life sciences sectors, and the one-north cluster.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

CapitaLand Ascendas REIT (SGX:A17U)’s proposed acquisition of Seagate’s R&amp;D facility is positive – we like the asset’s modern specifications, location, and long lease term.It is also in the process of finalising another acquisition in Europe and redevelopment of a logistics facility in Singapore.Overall, we believe the transaction reinforces CapitaLand Ascendas REIT’s dominant positioning in the business space and life sciences sectors, and the one-north cluster.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

CapitaLand Ascendas REIT - Strengthening Its Market Positioning; Stay BUY

CapitaLand Ascendas REIT - Growing Through 3 Initiatives

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 - S-Reits raise their sustainability reporting standards

Coverage of climate-related disclosures by S-Reits vs global real estate sector average for each TCFD pillar The S-Reits industry, as with all...

Singapore Exchange Ltd (SGX)

REIT Watch - Retail and institutions net buy industrial and retail S-Reits in August

Top 10 retail net buy Reits in August (S$M) Top 10 institution net sell Reits in August (S$M) Some of the top net buy sectors by retail investors...

Singapore Exchange Ltd (SGX)

CLAR SP - Growing Through 3 Initiatives While Preserving Resiliency Of Balance Sheet

The development of a six storey high-specification ramp-up logistics facility in Singapore provides attractive stabilised yield of 7.5-8.5%.

UOB Kay Hian

CapitaLand Ascendas REIT - Strengthening Its Market Positioning; Stay BUY

CapitaLand Ascendas REIT (SGX:A17U)’s proposed acquisition of Seagate’s R&D facility is positive – we like the asset’s modern specifications,...

RHB Invest

CapitaLand Ascendas REIT - Growing Through 3 Initiatives

Growing Through 3 Initiatives While Preserving Resiliency Of Balance Sheet. The Shugart at one-north district provides attractive NPI yield of...

UOB Kay Hian

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