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>Singapore's real estate sector grew 3.5% YoY in 4Q24, with a 0.2% expansion for the year 2024.</li><li>Hongkong Land aims to double profits and AUM to US$100 billion by 2035, focusing on ultra-premium properties.</li><li>Tuan Sing, Wee Hur, LHN, PropNex, and Centurion Corporation saw significant ADT growth over the past seven weeks.</li></ul>

Singapore's real estate sector grew 3.5% YoY in 4Q24, with a 0.2% expansion for the year 2024.Hongkong Land aims to double profits and AUM to US$100 billion by 2035, focusing on ultra-premium properties.Tuan Sing, Wee Hur, LHN, PropNex, and Centurion Corporation saw significant ADT growth over the past seven weeks.

Recent Market Highlights in the Real Estate Value Chain

<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

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

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<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>
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<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>
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<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>
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<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

<ul><li>Director filings and buybacks continue at stronger pace INSTITUTIONS were net sellers of Singapore stocks over the five trading sessions through to Mar 7, with S$224 million of net institutional outflow, as 26 primary-listed companies conducted buybacks with a total consideration of S$24.4 million, quadrupling the buyback consideration of the preceding five sessions.</li><li>This increased his total interest from 53.27 per cent to 53.61 per cent.</li><li>This followed his acquisition of 4.5 million shares between Feb 27 and 28.</li></ul>

Director filings and buybacks continue at stronger pace INSTITUTIONS were net sellers of Singapore stocks over the five trading sessions through to Mar 7, with S$224 million of net institutional outflow, as 26 primary-listed companies conducted buybacks with a total consideration of S$24.4 million, quadrupling the buyback consideration of the preceding five sessions.This increased his total interest from 53.27 per cent to 53.61 per cent.This followed his acquisition of 4.5 million shares between Feb 27 and 28.

Director Filings & Buybacks Continue Stronger Pace

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)

Recent Market Highlights in the Real Estate Value Chain

Singapore's real estate sector grew 3.5% YoY in 4Q24, with a 0.2% expansion for the year 2024. Hongkong Land aims to double profits and AUM to...

Singapore Exchange Ltd (SGX)

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)

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

Director Filings & Buybacks Continue Stronger Pace

Director filings and buybacks continue at stronger pace INSTITUTIONS were net sellers of Singapore stocks over the five trading sessions through...

Singapore Exchange Ltd (SGX)

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)