Invest for a Sustainable Future, Impact Capital Asset Management

ICAM

Invest for a Sustainable Future

Impact Capital Asset Management

Established in August 2020, Impact Capital Asset Management Pte. Ltd. (ICAM) was conceived by seasoned professionals Deepak Mawandia and Atul Tetambe. Both have accumulated a wealth of knowledge and experience from their extensive tenures in the financial sector. In 2019, ICAM secured its RFMC license and subsequently introduced a technology-centric venture fund. By 2021, with the acquisition of its CMS license, ICAM witnessed steady growth in its assets under management. Presently, ICAM manages a portfolio exceeding USD 1 billion, diversified across various countries. Central to ICAM’s foundation is a commitment to offering a platform singularly dedicated to the best interests of its investor clients. The combined expertise of Deepak and Atul firmly establishes ICAM as a notable entity in the wealth management field.

Thematic (Sector/Industry)

<ul><li>Private capital raising has become harder compared to 2021.</li><li>IPOs are off the table until at least 2026, and most exits now happen via secondaries or distressed M&amp;A.</li><li>Investors demand profitability, not growth stories.</li></ul>

Private capital raising has become harder compared to 2021.IPOs are off the table until at least 2026, and most exits now happen via secondaries or distressed M&amp;A.Investors demand profitability, not growth stories.

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 economy in 2H26 is bolstered by AI demand, infrastructure investment, and resilient services amid global cost pressures.  </li><li>Financial services led July's top performers, with Great Eastern Holdings, Pan-United, and OCBC showing significant total returns.  </li><li>Institutional net outflows in July were S$464 million, while retail investors net bought S$545 million, indicating differing market strategies.  </li></ul>

Singapore's economy in 2H26 is bolstered by AI demand, infrastructure investment, and resilient services amid global cost pressures.  Financial services led July's top performers, with Great Eastern Holdings, Pan-United, and OCBC showing significant total returns.  Institutional net outflows in July were S$464 million, while retail investors net bought S$545 million, indicating differing market strategies.  

STI Chalks Up Strongest Monthly Gains since Nov 2020 with 8.8% Rally  

<ul><li>Last week, the trio of DBS, UOB and OCBC averaged 3.4% gains, bringing their average 3Q23-to-date total return to 8.7%.</li><li>The 3Q23-to-date has seen the trio of DBS, UOB & OCBC report combined 2Q23 Net Interest Income (NII) of S$8.26 billion, marking the third-consecutive quarter that combined quarterly NII has been above the S$8.0 billion mark.</li><li>DBS Group Holdings (DBS), United Overseas Bank (UOB) and Oversea-Chinese Banking Corporation (OCBC) also moved in tandem averaging a 4% gain on the week.</li></ul>

Last week, the trio of DBS, UOB and OCBC averaged 3.4% gains, bringing their average 3Q23-to-date total return to 8.7%.The 3Q23-to-date has seen the trio of DBS, UOB & OCBC report combined 2Q23 Net Interest Income (NII) of S$8.26 billion, marking the third-consecutive quarter that combined quarterly NII has been above the S$8.0 billion mark.DBS Group Holdings (DBS), United Overseas Bank (UOB) and Oversea-Chinese Banking Corporation (OCBC) also moved in tandem averaging a 4% gain on the week.

Global Banks Led Stocks on the Week with Arm IPO & Growth Outlook

<ul><li>Share buybacks by primary listed companies 16 - 22 Jun 2023 UOB, OCBC, Keppel Corporation, ST Engineering and Singtel led the net institutional outflow for the five sessions.</li><li>On Jun 19, OCBC acquired 2,345,800 shares of Great Eastern Holdings at S$16.99 per share.</li></ul>

Share buybacks by primary listed companies 16 - 22 Jun 2023 UOB, OCBC, Keppel Corporation, ST Engineering and Singtel led the net institutional outflow for the five sessions.On Jun 19, OCBC acquired 2,345,800 shares of Great Eastern Holdings at S$16.99 per share.

Nio enters share subscription agreement with CYVN Holdings; OCBC ups Great Eastern stake

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Singapore’s Insurance Trio Averages 9% YTD Return

Singapore

Great Eastern provides insurance and investment management services, specializing in life and health insurance, annuities, and unit-linked products. It offers a comprehensive range of personal and business insurance, including life, health, accident, property, and casualty coverage, alongside asset management services. The company was founded in Singapore in 1908.

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Great Eastern (GE SP)

FinTech and Digital Banks

Private capital raising has become harder compared to 2021. IPOs are off the table until at least 2026, and most exits now happen...

ICAM

STI Chalks Up Strongest Monthly Gains since Nov 2020 with 8.8% Rally

Singapore's economy in 2H26 is bolstered by AI demand, infrastructure investment, and resilient services amid global cost pressures. Financial...

Singapore Exchange Ltd (SGX)

Global Banks Led Stocks on the Week with Arm IPO & Growth Outlook

Last week, the trio of DBS, UOB and OCBC averaged 3.4% gains, bringing their average 3Q23-to-date total return to 8.7%. The 3Q23-to-date has seen...

Singapore Exchange Ltd (SGX)

Singapore’s Insurance Trio Averages 9% YTD Return

Singapore Exchange Ltd (SGX)

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

FinTech and Digital Banks

Private capital raising has become harder compared to 2021. IPOs are off the table until at least 2026, and most exits now happen...

ICAM

STI Chalks Up Strongest Monthly Gains since Nov 2020 with 8.8% Rally

Singapore's economy in 2H26 is bolstered by AI demand, infrastructure investment, and resilient services amid global cost pressures. Financial...

Singapore Exchange Ltd (SGX)

Global Banks Led Stocks on the Week with Arm IPO & Growth Outlook

Last week, the trio of DBS, UOB and OCBC averaged 3.4% gains, bringing their average 3Q23-to-date total return to 8.7%. The 3Q23-to-date has seen...

Singapore Exchange Ltd (SGX)

Nio enters share subscription agreement with CYVN Holdings; OCBC ups Great Eastern stake

Share buybacks by primary listed companies 16 - 22 Jun 2023 UOB, OCBC, Keppel Corporation, ST Engineering and Singtel led the net institutional...

Singapore Exchange Ltd (SGX)

Singapore’s Insurance Trio Averages 9% YTD Return

Singapore Exchange Ltd (SGX)