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.

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SGX China Environmental Plays in Spotlight as China Goes Green

Keppel Telecommunications & Transportation

Keppel Telecommunications & Transportation (KPTT SP)

ASEAN Plays Poised to Gain from China&#39;s Belt & Road Initiative (OBOR)

20 Largest China Plays Returned 27% in the YTD

The accounting research firm, GMT Research

Lisa Mangkornkarn

The accounting research firm

GMT Research

GMT Research provides independent insight into markets, sectors and companies throughout Asia. Our unique method of mining a comprehensive collection of corporate financial statements for key data allows us to evaluate the financial health of a company, sectors and the market at large. We also investigate the application of accounting standards by companies and sectors, shedding light on the quality of reported profits. Armed with this information, we help investment professionals navigate the financial landscape.

Equity Bottom-Up

Beijing Enterprises Water Group / Equity Bottom-Up

Strip away questionable concession accounting and <a href="https://www.smartkarma.com/entities/1660" target="_blank" data-smartkarma-citation="entities:1660">Beijing Enterprises Water Group</a> (BEW) is barely able to generate a profit. Growth has been driven by accounting changes, the treatment of acquisitions, one-off gains and a host of other doubtful items. An inability to generate operating cash inflows would seem to confirm our concerns and suggests the company will have difficulty in servicing HK$28bn (US$3.6bn) of debt, around half of which is unhedged foreign debt.<blockquote>BEW is only able to survive…</blockquote>

Strip away questionable concession accounting and Beijing Enterprises Water Group (BEW) is barely able to generate a profit. Growth has been driven by accounting changes, the treatment of acquisitions, one-off gains and a host of other doubtful items. An inability to generate operating cash inflows would seem to confirm our concerns and suggests the company will have difficulty in servicing HK$28bn (US$3.6bn) of debt, around half of which is unhedged foreign debt.BEW is only able to survive…

China

China Everbright Water is an environmental protection group focused on water environment management. It provides services including municipal and industrial wastewater treatment, water supply, reusable water, sludge treatment and disposal, and river-basin ecological restoration. The company also engages in the research and development of water environmental technologies and engineering construction. It was incorporated in Bermuda in 2003, with its head office in Shenzhen, China.

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China Everbright Water (CEWL SP)

SGX China Environmental Plays in Spotlight as China Goes Green

Singapore Exchange Ltd (SGX)

ASEAN Plays Poised to Gain from China's Belt & Road Initiative (OBOR)

Singapore Exchange Ltd (SGX)

20 Largest China Plays Returned 27% in the YTD

Singapore Exchange Ltd (SGX)

BJ ENT WATER: Hiding Behind the Numbers

Strip away questionable concession accounting and Beijing Enterprises Water Group (BEW) is barely able to generate a profit. Growth has been driven...

GMT Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

SGX China Environmental Plays in Spotlight as China Goes Green

Singapore Exchange Ltd (SGX)

ASEAN Plays Poised to Gain from China&#39;s Belt & Road Initiative (OBOR)

Singapore Exchange Ltd (SGX)

20 Largest China Plays Returned 27% in the YTD

Singapore Exchange Ltd (SGX)

BJ ENT WATER: Hiding Behind the Numbers

Strip away questionable concession accounting and Beijing Enterprises Water Group (BEW) is barely able to generate a profit. Growth has been driven...

GMT Research

ASEAN Plays Poised to Gain from China's Belt & Road Initiative (OBOR)