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

Hutchison Port Holdings / Equity Bottom-Up

<ul><li>Over five sessions, directors and substantial shareholders reported 32 acquisitions and six disposals, with substantial shareholders recording 22 acquisitions and two disposals.</li><li>Centurion Corporation's Executive Directors acquired 1,077,500 shares, increasing their interests, while the company reported 31% revenue growth in 1HFY26.</li><li>BlackRock became a substantial unitholder of Hutchison Port Holdings Trust, increasing its deemed interest to 5.00% through market transactions.</li></ul>

Over five sessions, directors and substantial shareholders reported 32 acquisitions and six disposals, with substantial shareholders recording 22 acquisitions and two disposals.Centurion Corporation's Executive Directors acquired 1,077,500 shares, increasing their interests, while the company reported 31% revenue growth in 1HFY26.BlackRock became a substantial unitholder of Hutchison Port Holdings Trust, increasing its deemed interest to 5.00% through market transactions.

Institutional and Insider Accumulation as Buybacks Accelerate

<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 recorded a net outflow of S$41 million from Singapore stocks, with notable outflows from DBS, Sembcorp, and CapitaLand.</li><li>Singapore Telecommunications led share buybacks, spending S$50 million on 10.15 million shares under its Value Realisation Share Buy-back programme.</li><li>Geo Energy Resources and Aoxin Q&M Dental Group raised S$14.9 million and S$17.0 million, respectively, through share placements for capital enhancement.</li></ul>

Institutions recorded a net outflow of S$41 million from Singapore stocks, with notable outflows from DBS, Sembcorp, and CapitaLand.Singapore Telecommunications led share buybacks, spending S$50 million on 10.15 million shares under its Value Realisation Share Buy-back programme.Geo Energy Resources and Aoxin Q&M Dental Group raised S$14.9 million and S$17.0 million, respectively, through share placements for capital enhancement.

Buybacks & Director Filings Surge Following Heavy Earnings Season

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

KGI Securities

External broker reports(aggregated public sources)

KGI Securities Singapore

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<ul><li>CAREIT divestment completed, enhancing cash flow visibility.</li><li>Centurion completed the divestment of 14 stabilised PBWA and PBSA assets to Centurion Accommodation REIT (CAREIT), crystallising asset value and strengthening balance sheet flexibility.</li><li>The transaction introduces recurring sponsor-related income streams while improving earnings quality through a more capital-light model. </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>

CAREIT divestment completed, enhancing cash flow visibility.Centurion completed the divestment of 14 stabilised PBWA and PBSA assets to Centurion Accommodation REIT (CAREIT), crystallising asset value and strengthening balance sheet flexibility.The transaction introduces recurring sponsor-related income streams while improving earnings quality through a more capital-light model. 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 (CENT SP/OU8.SI): Capital Recycling Via CAREIT and Continued Earnings Resilience

Asia Real Estate News Tracker, Asia Real Estate Tracker

Asia Real Estate Tracker

Asia Real Estate News Tracker

Tracking developments across Asia's regional real estate markets

Thematic (Sector/Industry)

<ul><li>Singapore's GIC has provided financing for Investa's acquisition of a Sydney tower valued at $318 million.</li><li>Singapore's CDL reported a significant profit increase, tripling to $236 million in the first half due to completed projects.</li><li>CapitaLand Investment identified potential asset sales worth up to $7 billion, with a 14% rise in H1 profit.</li></ul>

Singapore's GIC has provided financing for Investa's acquisition of a Sydney tower valued at $318 million.Singapore's CDL reported a significant profit increase, tripling to $236 million in the first half due to completed projects.CapitaLand Investment identified potential asset sales worth up to $7 billion, with a 14% rise in H1 profit.

Asia Real Estate Tracker (14-Aug-2026): GIC funds $318M purchase of Sydney tower by Investa.

Singapore

Centurion Corporation Limited is a Singapore-based investment holding company that owns, develops, and manages specialized accommodation assets globally. It provides purpose-built worker accommodation under the "Westlite Accommodation" brand and purpose-built student accommodation under the "Dwell" and "EPIISOD" brands, alongside an optical storage media manufacturing business. The company was established in 1981 and is headquartered in Singapore.

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Centurion (CENT SP)

Institutional and Insider Accumulation as Buybacks Accelerate

Over five sessions, directors and substantial shareholders reported 32 acquisitions and six disposals, with substantial shareholders recording 22...

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)

Buybacks & Director Filings Surge Following Heavy Earnings Season

Institutions recorded a net outflow of S$41 million from Singapore stocks, with notable outflows from DBS, Sembcorp, and CapitaLand. Singapore...

Singapore Exchange Ltd (SGX)

Centurion Corp Ltd (CENT SP/OU8.SI): Capital Recycling Via CAREIT and Continued Earnings Resilience

Centurion completed the divestment of 14 stabilised PBWA and PBSA assets to Centurion Accommodation REIT (CAREIT), crystallising asset value and...

KGI Securities

Asia Real Estate Tracker (14-Aug-2026): GIC funds $318M purchase of Sydney tower by Investa.

Singapore's GIC funded Investa's $318M Sydney tower purchase, while CDL's profits tripled to $236M, CapitaLand identified $7B in asset sales, and...

Asia Real Estate Tracker

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