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>kopi-C with Dyna-Mac’s CEO: ‘We went from near-bankruptcy to having a record order book’ Offshore oil and gas contractor Dyna-Mac’s CEO AC Lim shares how he overhauled the company’s business practices to bring it back from the brink and achieve remarkable growth.</li><li>When Lim Ah Cheng, also known as AC Lim, became offshore oil and gas contractor Dyna-Mac’s chief executive officer in 2020, the firm was in crisis.</li></ul>

kopi-C with Dyna-Mac’s CEO: ‘We went from near-bankruptcy to having a record order book’ Offshore oil and gas contractor Dyna-Mac’s CEO AC Lim shares how he overhauled the company’s business practices to bring it back from the brink and achieve remarkable growth.When Lim Ah Cheng, also known as AC Lim, became offshore oil and gas contractor Dyna-Mac’s chief executive officer in 2020, the firm was in crisis.

kopi-C with Dyna-Mac’s CEO: ‘We went from near-bankruptcy to having a record order book’

<ul><li>Despite the challenges of the past five years and the significant impact of the FTSE ST Banks Index's 93% total return on the STI's 42% total return, the iEdge SG Advanced Manufacturing Index has achieved a similar 5-year total return of 39%.</li><li>The iEdge SG Advanced Manufacturing Index achieved an 11.3% net total return from 2H24 to 23 Oct, driven by a global pivot in interest rates and a strong recovery in Singapore’s July and August Industrial Production, with top gainers including Delta SDR, Dyna-Mac, Seatrium, Jiutian Chemical Group, and SATS.</li><li>The 11.3% net total return for the iEdge SG Advanced Manufacturing Index in 2H24 to 23 Oct, has coincided with a global pivot in interest rates, and on the manufacturing front, a strong recovery in Singapore’s July and August Industrial Production.</li></ul>

Despite the challenges of the past five years and the significant impact of the FTSE ST Banks Index's 93% total return on the STI's 42% total return, the iEdge SG Advanced Manufacturing Index has achieved a similar 5-year total return of 39%.The iEdge SG Advanced Manufacturing Index achieved an 11.3% net total return from 2H24 to 23 Oct, driven by a global pivot in interest rates and a strong recovery in Singapore’s July and August Industrial Production, with top gainers including Delta SDR, Dyna-Mac, Seatrium, Jiutian Chemical Group, and SATS.The 11.3% net total return for the iEdge SG Advanced Manufacturing Index in 2H24 to 23 Oct, has coincided with a global pivot in interest rates, and on the manufacturing front, a strong recovery in Singapore’s July and August Industrial Production.

Delta Electronics’ Rise in the iEdge SG Advanced Manufacturing Index

<ul><li>10 Questions for Dyna-Mac What is Dyna-Mac’s business about and what are some key business divisions? Dyna-Mac is a global multi-disciplinary contractor specialising in engineering, procurement, fabrication, construction, and onshore pre-commissioning and commissioning of offshore topside modules and facilities.</li><li>Through these Q&As, management will discuss current business objectives, key revenue drivers as well as the industry landscape.</li></ul>

10 Questions for Dyna-Mac What is Dyna-Mac’s business about and what are some key business divisions? Dyna-Mac is a global multi-disciplinary contractor specialising in engineering, procurement, fabrication, construction, and onshore pre-commissioning and commissioning of offshore topside modules and facilities.Through these Q&As, management will discuss current business objectives, key revenue drivers as well as the industry landscape.

10 in 10 with Dyna-Mac - Global Multi-Disciplinary Contractor for the Energy Market

<ul><li>More than 60 of Singapore’s 300 most traded stocks this year added to their 1H24 gains in July.</li><li>Multi-Chem, SATS, Singtel, Civmec, Kim Heng, Accrelist, Great Eastern, Dyna-Mac, Venture, Azeus and Hock Lian Seng saw the most acceleration in net institutional inflow in July compared to 1H24 inflow, while averaging 12% price gains for the month.</li><li>The 63 stocks among the 300 most traded stocks this year that built upon their first-half gains in July are tabled below.</li></ul>

More than 60 of Singapore’s 300 most traded stocks this year added to their 1H24 gains in July.Multi-Chem, SATS, Singtel, Civmec, Kim Heng, Accrelist, Great Eastern, Dyna-Mac, Venture, Azeus and Hock Lian Seng saw the most acceleration in net institutional inflow in July compared to 1H24 inflow, while averaging 12% price gains for the month.The 63 stocks among the 300 most traded stocks this year that built upon their first-half gains in July are tabled below.

60+ Singapore Stocks that Added to 1H24 Gains in July

Singapore Technologies Engineering / Equity Bottom-Up

Singapore Technologies Engineering (STE SP)

<ul><li>Singapore's manufacturing sector saw a reduced contraction of 0.7% in the first five months of 2024, improving from a 4.3% contraction the previous year.</li><li>The iEdge SG Adv Manufacturing Index has also booked more than S$90 million of net institutional inflow in 2024 (up to 8 July) led by net inflows to YZJ Shipbldg, ST Engineering, Venture, SATS and ThaiBev, while Beng Kuang Marine, Dyna-Mac, Frencken, Global Invacom and Marco Polo Marine saw highest net inflow relative to market cap.</li><li>Leading the net institutional inflow for the 2024 year (up to 8 July) within the iEdge SG Advanced Manufacturing Index, were five STI stocks Yangzijiang Shipbuilding, Singapore Technologies Engineering, Venture Corporation, SATS and Thai Beverage: https://investors.sgx.com/securities/stocks?security=BS6 maintains an ROE of 21% and P/B of 4x, compared its 5-year average P/B of 0.9x.</li></ul>

Singapore's manufacturing sector saw a reduced contraction of 0.7% in the first five months of 2024, improving from a 4.3% contraction the previous year.The iEdge SG Adv Manufacturing Index has also booked more than S$90 million of net institutional inflow in 2024 (up to 8 July) led by net inflows to YZJ Shipbldg, ST Engineering, Venture, SATS and ThaiBev, while Beng Kuang Marine, Dyna-Mac, Frencken, Global Invacom and Marco Polo Marine saw highest net inflow relative to market cap.Leading the net institutional inflow for the 2024 year (up to 8 July) within the iEdge SG Advanced Manufacturing Index, were five STI stocks Yangzijiang Shipbuilding, Singapore Technologies Engineering, Venture Corporation, SATS and Thai Beverage: https://investors.sgx.com/securities/stocks?security=BS6 maintains an ROE of 21% and P/B of 4x, compared its 5-year average P/B of 0.9x.

Market Mechanics: Evaluating Singapore's Manufacturing and Equities

Singapore

Dyna-Mac Holdings Ltd. is a global multi-disciplinary contractor specializing in the engineering, procurement, fabrication, and construction of offshore topside modules for floating production storage and offloading (FPSO) and other offshore floating platforms. The company also provides module solutions for onshore plants in the oil & gas, pharmaceutical, and petrochemical industries, and is involved in offshore and onshore renewables and green energy sectors. Dyna-Mac was established in 1990 and is headquartered in Singapore.

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Dyna-Mac (DMHL SP)

kopi-C with Dyna-Mac’s CEO: ‘We went from near-bankruptcy to having a record order book’

kopi-C with Dyna-Mac’s CEO: ‘We went from near-bankruptcy to having a record order book’ Offshore oil and gas contractor Dyna-Mac’s CEO AC Lim...

Singapore Exchange Ltd (SGX)

Delta Electronics’ Rise in the iEdge SG Advanced Manufacturing Index

Despite the challenges of the past five years and the significant impact of the FTSE ST Banks Index's 93% total return on the STI's 42% total...

Singapore Exchange Ltd (SGX)

10 in 10 with Dyna-Mac - Global Multi-Disciplinary Contractor for the Energy Market

10 Questions for Dyna-Mac What is Dyna-Mac’s business about and what are some key business divisions? Dyna-Mac is a global multi-disciplinary...

Singapore Exchange Ltd (SGX)

60+ Singapore Stocks that Added to 1H24 Gains in July

More than 60 of Singapore’s 300 most traded stocks this year added to their 1H24 gains in July. Multi-Chem, SATS, Singtel, Civmec, Kim Heng,...

Singapore Exchange Ltd (SGX)

Market Mechanics: Evaluating Singapore's Manufacturing and Equities

Singapore's manufacturing sector saw a reduced contraction of 0.7% in the first five months of 2024, improving from a 4.3% contraction the...

Singapore Exchange Ltd (SGX)

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52-week Range

Market Cap (USDm)

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