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>The iEdge Singapore Next 50 Liquidity Weighted Index's technology stocks, led by UMS Integration and iFAST Corporation, account for 19% weight.</li><li>Average daily turnover for the index constituents rose 43% to S$275 million in 2026, with median price-to-book at 1.23x.</li><li>The liquidity weighted index reflects sustained participation and repeat liquidity, with weights based on six-month median traded value.</li></ul>

The iEdge Singapore Next 50 Liquidity Weighted Index's technology stocks, led by UMS Integration and iFAST Corporation, account for 19% weight.Average daily turnover for the index constituents rose 43% to S$275 million in 2026, with median price-to-book at 1.23x.The liquidity weighted index reflects sustained participation and repeat liquidity, with weights based on six-month median traded value.

iEdge Next 50 Liquidity: Where Technology Is Gaining Weight

<ul><li>Retail investors net bought S$638 million in Singapore stocks by March 24, focusing on Financial Services, REITs, and Consumer Cyclicals.</li><li>CapitaLand Ascendas REIT raised S$903.5 million via oversubscribed placement and preferential offering for acquisitions in logistics, business parks, and data centres.</li><li>Retail investors demonstrated contrarian behavior, buying laggards with 8.9% average decline, while selling leaders with 4.7% returns.</li></ul>

Retail investors net bought S$638 million in Singapore stocks by March 24, focusing on Financial Services, REITs, and Consumer Cyclicals.CapitaLand Ascendas REIT raised S$903.5 million via oversubscribed placement and preferential offering for acquisitions in logistics, business parks, and data centres.Retail investors demonstrated contrarian behavior, buying laggards with 8.9% average decline, while selling leaders with 4.7% returns.

Retail Investors Chalk Up ~S$640M Net Buying in March

Smartkarma Insights: iFAST Corp - A Profitable Fintech Player that Deserves More Investor Attention

Insurance, Fintech & EM-focused Analyst, KT Capital Group, KT Capital Group

Alec Tseung

Insurance, Fintech & EM-focused Analyst, KT Capital Group

KT Capital Group

Principal investments and advisory firm that focuses on connecting the CIS countries with East Asia.

Principal investments and advisory firm

<ul>
<li>
<a href="https://smartkarma.zoom.us/rec/share/greN_IcTNbNIKfXkLUrkLPlmSXvDzuNh6Oad7iFT39LMx6BL5WsQXTLHfLErBwPT.Xt9FLCjm5WkeCCsj" target="_blank" data-smartkarma-citation="insights:131779" rel="noopener">A recent Smartkarma Corporate Webinar | iFAST: Stellar Performance of Singapore's Global Fintech Player</a> introduced one of the few Fintech players in Asia that has been making profits since 2011.</li>
<li>The successful launch of its HK ePension platform can be highly scalable and is expected to be an important growth driver for the company in 2024 and 2025. </li>
<li>IFast Global Bank is expected to break even in Q4 this year and to be an important growth driver for the group's next 3-year plan (2025 and beyond). </li>
</ul>
<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 | iFAST: Stellar Performance of Singapore's Global Fintech Player introduced one of the few Fintech players in Asia that has been making profits since 2011.
The successful launch of its HK ePension platform can be highly scalable and is expected to be an important growth driver for the company in 2024 and 2025. 
IFast Global Bank is expected to break even in Q4 this year and to be an important growth driver for the group's next 3-year plan (2025 and beyond). 

This Insight is part of the Smartkarma Corporate Webinar series, supported by SGX through the Investor Education Fund.

IFast: A Profitable Fintech Player that Deserves More Investor Attention

<ul><li>Institutions were net buyers of Singapore stocks with a S$33 million inflow, reversing a prior S$53 million outflow.</li><li>United Overseas Bank led share buybacks with S$54.7 million total consideration, purchasing 500,000 shares at S$35.30 each.</li><li>iFAST Corporation's 1HFY25 profit before tax rose 32.7% to S$50.4 million, driven by iGB's profitability.</li></ul>

Institutions were net buyers of Singapore stocks with a S$33 million inflow, reversing a prior S$53 million outflow.United Overseas Bank led share buybacks with S$54.7 million total consideration, purchasing 500,000 shares at S$35.30 each.iFAST Corporation's 1HFY25 profit before tax rose 32.7% to S$50.4 million, driven by iGB's profitability.

iFAST Chief Lim Chung Chun Ups Shareholding

Singapore

iFAST is a global digital banking and wealth management platform. It offers a comprehensive range of investment products such as mutual funds, bonds, stocks, ETFs, and insurance, alongside services like online discretionary portfolio management, Fintech solutions, and pension administration. The company was incorporated in 2000 and is headquartered in Singapore.

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iFAST (IFAST SP)

iEdge Next 50 Liquidity: Where Technology Is Gaining Weight

The iEdge Singapore Next 50 Liquidity Weighted Index's technology stocks, led by UMS Integration and iFAST Corporation, account for 19%...

Singapore Exchange Ltd (SGX)

Retail Investors Chalk Up ~S$640M Net Buying in March

Retail investors net bought S$638 million in Singapore stocks by March 24, focusing on Financial Services, REITs, and Consumer...

Singapore Exchange Ltd (SGX)

Smartkarma Insights: iFAST Corp - A Profitable Fintech Player that Deserves More Investor Attention

Smartkarma Insights: iFAST Corp - A Profitable Fintech Player that Deserves More Investor Attention

Singapore Exchange Ltd (SGX)

IFast: A Profitable Fintech Player that Deserves More Investor Attention

iFast Corporation is one of the few Fintech players in Asia that has been consistently making net profits since as early as 2011. It operates in...

Alec Tseung

iFAST Chief Lim Chung Chun Ups Shareholding

Institutions were net buyers of Singapore stocks with a S$33 million inflow, reversing a prior S$53 million outflow. United Overseas Bank led...

Singapore Exchange Ltd (SGX)

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