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>ISDN's core Industrial Automation segment contributes 94% of revenue, with China accounting for 71% of IA revenue.</li><li>Renewable Energy revenue doubled in 1H2024 due to successful commercialisation of three mini-hydropower plants in Indonesia.</li><li>ISDN maintains a dividend policy of distributing 25% of net profit attributable to shareholders as dividends.</li></ul>

ISDN's core Industrial Automation segment contributes 94% of revenue, with China accounting for 71% of IA revenue.Renewable Energy revenue doubled in 1H2024 due to successful commercialisation of three mini-hydropower plants in Indonesia.ISDN maintains a dividend policy of distributing 25% of net profit attributable to shareholders as dividends.

10 in 10 with ISDN Holdings - Positioned for Long-Term Growth with Strategic Expansion and Diversification

<ul><li>ISDN Holdings is expanding its industrial automation capabilities and exploring opportunities in China, Taiwan, and Malaysia.</li><li>The company is building a renewable energy vertical with hydropower plants in Indonesia, aiming for sustainable income.</li><li>ISDN has over 10,000 customers and 74 offices in Asia, serving sectors like semiconductors and Industry 4.0.</li></ul>

ISDN Holdings is expanding its industrial automation capabilities and exploring opportunities in China, Taiwan, and Malaysia.The company is building a renewable energy vertical with hydropower plants in Indonesia, aiming for sustainable income.ISDN has over 10,000 customers and 74 offices in Asia, serving sectors like semiconductors and Industry 4.0.

kopi-C with ISDN Holdings: Seizing the Moment in Automation: ISDN’s Vision for Future-Proofing and Sustainable Growth

The New Standard in Wealth Management, Wealth Management Alliance

Wealth Management Alliance

The New Standard in Wealth Management

WMA is a Singapore-based multi-family office with a Capital Markets Services license and provide fund management and investment advisory services to a small number of global UHNW clients. We also act as incubator for single-family offices, allowing them to plug into our broader ecosystem and infrastructure, and tap on our investment professionals for advice. WMA is designed around providing truly bespoke advice to each client, rather than taking a one-size-fits-all approach that may not fit each client's investment objectives and risk tolerances. On top of that, we are designed so that we avoid any semblance of conflicts of interests by being compensated only by the client (which may include profit sharing), as opposed to the model that many of our peers adopt, which include compensation from a variety of third parties such as funds managers, distributors or banks. That, to us, is the easiest way to be firmly on the side of the client in every decision we make.

Thematic (Sector/Industry)

<ul><li>Singapore’s non-oil domestic exports (NODX) unexpectedly fell 3.5% y/y in May, the worst in seven months.</li><li>The contraction was led by a slump in exports to the US (-20.6% y/y), suggesting that the front-loading ahead of US tariffs has faded.</li><li>Meanwhile, manufacturing PMI has slipped into the contractionary zone since April, last seen nearly two years ago.</li></ul>

Singapore’s non-oil domestic exports (NODX) unexpectedly fell 3.5% y/y in May, the worst in seven months.The contraction was led by a slump in exports to the US (-20.6% y/y), suggesting that the front-loading ahead of US tariffs has faded.Meanwhile, manufacturing PMI has slipped into the contractionary zone since April, last seen nearly two years ago.

<ul><li>Singapore stocks recorded S$39 million in net institutional inflows, marking the first net buying since January's last week.</li><li>Industrials and Consumer Non-Cyclicals sectors reversed previous net outflows with significant inflows, led by ST Engineering and Wilmar International.</li><li>ISDN Holdings' share price rose 12.9% after reporting a 72% increase in FY24 attributable net profit.</li></ul>

Singapore stocks recorded S$39 million in net institutional inflows, marking the first net buying since January's last week.Industrials and Consumer Non-Cyclicals sectors reversed previous net outflows with significant inflows, led by ST Engineering and Wilmar International.ISDN Holdings' share price rose 12.9% after reporting a 72% increase in FY24 attributable net profit.

Institutional Investors Book Highest Net Weekly Inflows Since December

Singapore

ISDN Holdings Limited is a mechatronics engineering group providing solutions to its motion control and industrial computing customers.  The Company provides design, customization, assembly, installation, and after sales support.

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ISDN Holdings (ISDN SP)

10 in 10 with ISDN Holdings - Positioned for Long-Term Growth with Strategic Expansion and Diversification

ISDN's core Industrial Automation segment contributes 94% of revenue, with China accounting for 71% of IA revenue. Renewable Energy revenue...

Singapore Exchange Ltd (SGX)

kopi-C with ISDN Holdings: Seizing the Moment in Automation: ISDN’s Vision for Future-Proofing and Sustainable Growth

ISDN Holdings is expanding its industrial automation capabilities and exploring opportunities in China, Taiwan, and Malaysia. The company is...

Singapore Exchange Ltd (SGX)

Singapore Equity Strategy: June 2025

Singapore’s non-oil domestic exports (NODX) unexpectedly fell 3.5% y/y in May, the worst in seven months. The contraction was led by a slump...

Wealth Management Alliance

Institutional Investors Book Highest Net Weekly Inflows Since December

Singapore stocks recorded S$39 million in net institutional inflows, marking the first net buying since January's last week. Industrials and...

Singapore Exchange Ltd (SGX)

Company Spotlight: ISDN

Company Spotlight: ISDN

Singapore Exchange Ltd (SGX)

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