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>Over the five trading sessions from Jan 10 to Jan 16, institutions were net sellers of Singapore stocks, leading to net institutional outflow of S$184 million, reversing the S$103 million net inflow over the preceding five sessions.</li><li>Stocks that led the net institutional outflow over the five sessions through to Jan 16 were DBS Group Holdings, CapitaLand Integrated Commercial Trust, Singapore Airlines, Singapore Exchange, Genting Singapore, Venture Corporation, Oversea-Chinese Banking Corporation, Hongkong Land Holdings, Centurion Corporation, and CapitaLand Ascendas REIT.</li><li>Between Jan 14 and 15, Centurion Corporation Executive Director and Joint Chairman David Loh Kim Kang acquired 10 million shares in two married deals, at S$0.935 per share.</li></ul>

Over the five trading sessions from Jan 10 to Jan 16, institutions were net sellers of Singapore stocks, leading to net institutional outflow of S$184 million, reversing the S$103 million net inflow over the preceding five sessions.Stocks that led the net institutional outflow over the five sessions through to Jan 16 were DBS Group Holdings, CapitaLand Integrated Commercial Trust, Singapore Airlines, Singapore Exchange, Genting Singapore, Venture Corporation, Oversea-Chinese Banking Corporation, Hongkong Land Holdings, Centurion Corporation, and CapitaLand Ascendas REIT.Between Jan 14 and 15, Centurion Corporation Executive Director and Joint Chairman David Loh Kim Kang acquired 10 million shares in two married deals, at S$0.935 per share.

Centurion joint chairman David Loh raises his stake in the group

CEO, A. Stotz Investment Research

Dr. Andrew Stotz, CFA

Quantamental Investing to beat Benchmarks

A. Stotz Investment Research

We pick stocks. We construct portfolios. All our effort is focused on how to better pick stocks and construct portfolios. We serve fund management companies, family offices, and high net worth individuals.

Thematic (Sector/Industry)

<ul>
<li>We highlight 14 stocks in ASEAN that look interesting to us based on our FVMR Methodology</li>
<li>Portfolio changes: Three stocks remain, and 11 stocks added into portfolio</li>
<li>Since its inception, the portfolio has generated a before-fee total return of 259% versus MSCI ASEAN’s 44%</li>
</ul>


We highlight 14 stocks in ASEAN that look interesting to us based on our FVMR Methodology
Portfolio changes: Three stocks remain, and 11 stocks added into portfolio
Since its inception, the portfolio has generated a before-fee total return of 259% versus MSCI ASEAN’s 44%


External broker reports(aggregated public sources), KGI Securities Singapore

KGI Securities

External broker reports(aggregated public sources)

KGI Securities Singapore

We are a pioneer Securities & Derivatives, Trading and Clearing Member of Singapore Exchange as well as a pioneer member of ICE Futures Singapore & ICE Clear Singapore. We offer our valued clients round the clock (24 hour) single-touch point for multi-asset clients and 24 hour high-touch desk for global products. 

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>Stronger than anticipated revenue growth .</li><li>Centurion Corporation reported a 27% YoY growth in total revenue for 1H24, increasing from S$ 97.9 mn to S$124.4 mn.</li><li>This robust performance was driven by high financial occupancy in key markets like Singapore, the UK, and Australia, along with positive rental revisions across all regions.</li></ul><p><em>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.</em></p>

Stronger than anticipated revenue growth .Centurion Corporation reported a 27% YoY growth in total revenue for 1H24, increasing from S$ 97.9 mn to S$124.4 mn.This robust performance was driven by high financial occupancy in key markets like Singapore, the UK, and Australia, along with positive rental revisions across all regions.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.

Centurion Corp Ltd - Strong Revenue Growth and Strategic Expansion

Smartkarma Insights: Centurion Corp -  Paving the Way for Workers and Students

ASEAN Insight Provider, CrossASEAN Research

Angus Mackintosh

ASEAN Insight Provider

CrossASEAN Research

At CrossASEAN Research we strive to produce unbiased and differentiated on the ground insights on companies across South East Asia. Our Research is produced for the most part after face to face meetings and conversations with company management to dig deep into the long term vision and strategy of the companies we cover. We seek to deliver investable and actionable themes on sectors and markets across SE Asia, often in collaboration with other Insight Providers across the region, pooling the vast experience of the analysts within the Smartkarma Ecosystem. We also offer bespoke work and tailor made trips for our clients. 

Insights across South East Asia

<ul>
<li>A recent <a href="https://smartkarma.zoom.us/rec/share/8cEdT_Qz7dpsnQZLBvQzIIHCzP1Zo9S0VV6j8MTNwF4HvRnZisg3SA8yTPehbPFA.YUhED11fP5tNNJxN" target="_blank" data-saferedirecturl="https://www.google.com/url?q=https://www.smartkarma.com/insights/smartkarma-corporate-webinar-centurion-quality-housing-for-workers-and-students-the-world-over&amp;source=gmail&amp;ust=1712027211924000&amp;usg=AOvVaw1_XIhINSinsiFSc-alyY2E" rel="noopener">Smartkarma Corporate Webinar | Centurion: Quality Housing for Workers and Students the World Over</a>, showcased <a href="https://www.smartkarma.com/entities/centurion-corp-ltd" target="_blank" data-saferedirecturl="https://www.google.com/url?q=https://www.smartkarma.com/entities/centurion-corp-ltd&amp;source=gmail&amp;ust=1712027211924000&amp;usg=AOvVaw0mXImAYC3SFUs2q1IKSW-j" rel="noopener">Centurion Corp (CENT SP)</a>, a leader in purpose-built accommodation for workers and students.<br>
<div></div>
</li>
<li>
<div>The company is a leader in purpose-built worker accommodation in Singapore and Malaysia and a major player in purpose-built student accommodation in Australia, the UK, and the US. </div>
<div></div>
</li>
<li>
<div>The outlook for both worker and student accommodation looks positive for the coming two years. Valuations look attractive with Centurion Corp trading at a 56% discount to NAV.</div>
</li>
</ul>
<p><em>This Insight is part of the Smartkarma Corporate Webinar series, supported by SGX through the Investor Education Fund.</em></p>


A recent Smartkarma Corporate Webinar | Centurion: Quality Housing for Workers and Students the World Over, showcased Centurion Corp (CENT SP), a leader in purpose-built accommodation for workers and students. 



The company is a leader in purpose-built worker accommodation in Singapore and Malaysia and a major player in purpose-built student accommodation in Australia, the UK, and the US. 



The outlook for both worker and student accommodation looks positive for the coming two years. Valuations look attractive with Centurion Corp trading at a 56% discount to NAV.


This Insight is part of the Smartkarma Corporate Webinar series, supported by SGX through the Investor Education Fund.

Centurion Corp (CENT SP) - Paving the Way for Workers and Students

Singapore

Centurion Corporation Limited owns, develops and manages quality, purpose-built workers accommodation assets in Singapore and Malaysia, and purpose-built student accommodation assets in Singapore, Australia, the United Kingdom (“UK”), the United States (“US”) and South Korea.

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Centurion Corp (CENT SP)

Centurion joint chairman David Loh raises his stake in the group

Over the five trading sessions from Jan 10 to Jan 16, institutions were net sellers of Singapore stocks, leading to net institutional outflow of...

Singapore Exchange Ltd (SGX)

The Stocks to Own in ASEAN – Vol. 49

We highlight 14 stocks in ASEAN that look interesting to us based on our FVMR Methodology. Portfolio changes: Three stocks remain, 11 stocks added.

A. Stotz Investment Research

Centurion Corp Ltd - Strong Revenue Growth and Strategic Expansion

Stronger than anticipated revenue growth . Centurion Corporation reported a 27% YoY growth in total revenue for 1H24, increasing from S$ 97.9 mn to...

KGI Securities

Smartkarma Insights: Centurion Corp - Paving the Way for Workers and Students

Smartkarma Insights: Centurion Corp - Paving the Way for Workers and Students

Singapore Exchange Ltd (SGX)

Centurion Corp (CENT SP) - Paving the Way for Workers and Students

The outlook for both purpose-built worker and student accommodation looks positive for the coming two years with Centurion Corp at the front and...

Angus Mackintosh

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52-week Range

Market Cap (USDm)

P/E

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