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>Institutions were net sellers of Singapore stocks, with a net outflow of S$169 million from Jan 31 to Feb 6.</li><li>CapitaLand Ascott Trust's FY24 core distribution per stapled security increased 1% to 5.49 cents, driven by portfolio reconstitution.</li><li>CapitaLand India Trust's FY24 distribution per unit rose 6% to 6.84 Singapore cents, supported by acquisitions and rent reversion.</li></ul>

Institutions were net sellers of Singapore stocks, with a net outflow of S$169 million from Jan 31 to Feb 6.CapitaLand Ascott Trust's FY24 core distribution per stapled security increased 1% to 5.49 cents, driven by portfolio reconstitution.CapitaLand India Trust's FY24 distribution per unit rose 6% to 6.84 Singapore cents, supported by acquisitions and rent reversion.

S-Reits, industrials lead institutional outflow

<ul><li>Institutions recorded a net inflow of S$236 million in Singapore stocks from Nov 7 to Nov 13, reversing prior outflows.</li><li>United Overseas Bank led share buybacks with 1,071,900 shares at an average price of S$33.95, totaling S$56.5 million.</li><li>Fuxing China Group raised S$1.245 million through a placement of 3 million shares at S$0.415 each.</li></ul>

Institutions recorded a net inflow of S$236 million in Singapore stocks from Nov 7 to Nov 13, reversing prior outflows.United Overseas Bank led share buybacks with 1,071,900 shares at an average price of S$33.95, totaling S$56.5 million.Fuxing China Group raised S$1.245 million through a placement of 3 million shares at S$0.415 each.

Tan Kok Huat, CEO of Reclaims Global, Boosts Stake

Managing Director, Golden Section Capital

Garreth Elston

Managing Director

Golden Section Equity Research

Golden Section Capital

Golden Section Capital is a private international investment, specialist independent equity research, and corporate finance consulting services provider focussing on real estate and infrastructure. 

Paid for corporate research on Real Estate and Infrastructure companies. Plus independent pieces on various real estate companies and themes.

Thematic (Sector/Industry)

<ul>
<li>Of the 30 companies that constitute the Straits Times Index (STI), Real Estate Investment Trusts (REITs) have long been a cornerstone.</li>
<li>For investors seeking growth and diversification beyond the blue-chip giants, the iEdge Singapore Next 50 indices present a compelling hunting ground beyond the 30 largest companies on the SGX. </li>
<li>These indices track the next 50 largest stocks after the top 30 SGX stocks ranked by market capitalization, and are home to a dynamic cohort of REITs.</li>
</ul>


Of the 30 companies that constitute the Straits Times Index (STI), Real Estate Investment Trusts (REITs) have long been a cornerstone.
For investors seeking growth and diversification beyond the blue-chip giants, the iEdge Singapore Next 50 indices present a compelling hunting ground beyond the 30 largest companies on the SGX. 
These indices track the next 50 largest stocks after the top 30 SGX stocks ranked by market capitalization, and are home to a dynamic cohort of REITs.


REITs Beyond the STI: A Review of the REIT Components of the IEdge Singapore Next 50 Indices

<ul><li>Institutions were net buyers of Singapore stocks with a S$57 million inflow, reversing a previous S$167 million outflow.</li><li>Eleven companies conducted share buybacks totaling S$13.6 million; United Overseas Bank led with 300,000 shares at S$34.57.</li><li>CapitaLand India Trust's 3Q 2025 update is due Oct 31; recent divestments aim to enhance financial flexibility.</li></ul>

Institutions were net buyers of Singapore stocks with a S$57 million inflow, reversing a previous S$167 million outflow.Eleven companies conducted share buybacks totaling S$13.6 million; United Overseas Bank led with 300,000 shares at S$34.57.CapitaLand India Trust's 3Q 2025 update is due Oct 31; recent divestments aim to enhance financial flexibility.

Real Estate Directors Continue to Build Interests

Asian Pay Television Trust / Equity Bottom-Up

<ul><li>Institutions were net buyers of Singapore stocks, with a net inflow of S$113 million from July 11 to 17.</li><li>Aberdeen Group plc increased its interest in CapitaLand India Trust to 6.15% after acquiring over 2.5 million units.</li><li>United Overseas Bank led share buybacks, purchasing 1 million shares at an average price of S$36.80.</li></ul>

Institutions were net buyers of Singapore stocks, with a net inflow of S$113 million from July 11 to 17.Aberdeen Group plc increased its interest in CapitaLand India Trust to 6.15% after acquiring over 2.5 million units.United Overseas Bank led share buybacks, purchasing 1 million shares at an average price of S$36.80.

Aberdeen Extends CLINT Deemed Interest to 6% 

Singapore

Capitaland India Trust operates as a property trust. The Trust acquires, owns, and develops income-producing real estates such as IT business parks, logistics space, and industrial facilities. Capitaland India Trust serves customers in India.

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Capitaland India Trust (CLINT SP)

S-Reits, industrials lead institutional outflow

Institutions were net sellers of Singapore stocks, with a net outflow of S$169 million from Jan 31 to Feb 6. CapitaLand Ascott Trust's FY24 core...

Singapore Exchange Ltd (SGX)

Tan Kok Huat, CEO of Reclaims Global, Boosts Stake

Institutions recorded a net inflow of S$236 million in Singapore stocks from Nov 7 to Nov 13, reversing prior outflows. United Overseas Bank led...

Singapore Exchange Ltd (SGX)

REITs Beyond the STI: A Review of the REIT Components of the IEdge Singapore Next 50 Indices

Large capitalization S-REITs are a cornerstone of the STI, but investors can find growth and diversification in the REITs of the iEdge Singapore...

Golden Section Capital

Real Estate Directors Continue to Build Interests

Institutions were net buyers of Singapore stocks with a S$57 million inflow, reversing a previous S$167 million outflow. Eleven companies...

Singapore Exchange Ltd (SGX)

Aberdeen Extends CLINT Deemed Interest to 6%

Institutions were net buyers of Singapore stocks, with a net inflow of S$113 million from July 11 to 17. Aberdeen Group plc increased its interest...

Singapore Exchange Ltd (SGX)

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

S-Reits, industrials lead institutional outflow

Institutions were net sellers of Singapore stocks, with a net outflow of S$169 million from Jan 31 to Feb 6. CapitaLand Ascott Trust's FY24 core...

Singapore Exchange Ltd (SGX)

Tan Kok Huat, CEO of Reclaims Global, Boosts Stake

Institutions recorded a net inflow of S$236 million in Singapore stocks from Nov 7 to Nov 13, reversing prior outflows. United Overseas Bank led...

Singapore Exchange Ltd (SGX)

REITs Beyond the STI: A Review of the REIT Components of the IEdge Singapore Next 50 Indices

​Large capitalization S-REITs are a cornerstone of the STI, but investors can find growth and diversification in the REITs of the iEdge Singapore...

Golden Section Capital

Real Estate Directors Continue to Build Interests

Institutions were net buyers of Singapore stocks with a S$57 million inflow, reversing a previous S$167 million outflow. Eleven companies...

Singapore Exchange Ltd (SGX)

Aberdeen Extends CLINT Deemed Interest to 6%

Institutions were net buyers of Singapore stocks, with a net inflow of S$113 million from July 11 to 17. Aberdeen Group plc increased its interest...

Singapore Exchange Ltd (SGX)

Large capitalization S-REITs are a cornerstone of the STI, but investors can find growth and diversification in the REITs of the iEdge Singapore...