Alpha-Centric ESG Research

Kyle Rudden

<ul>
<li>The Monetary Authority of Singapore (MAS) recently launched a public consultation regarding a Code of Conduct for ESG ratings providers and ESG data product providers in Singapore.</li>
<li>It is the right approach for Singapore – a <em>voluntary</em> best-practices framework furthering one of the world's most credible "green" economies, not a regulatory force-fix of something broken.</li>
<li>No surprise ratings methodology changes. No <em>en masse</em> upgrades/downgrades. No acute shocks to the system. Just slow and steady progress for ESG investing and finance in Singapore.</li>
</ul>


The Monetary Authority of Singapore (MAS) recently launched a public consultation regarding a Code of Conduct for ESG ratings providers and ESG data product providers in Singapore.
It is the right approach for Singapore – a voluntary best-practices framework furthering one of the world's most credible "green" economies, not a regulatory force-fix of something broken.
No surprise ratings methodology changes. No en masse upgrades/downgrades. No acute shocks to the system. Just slow and steady progress for ESG investing and finance in Singapore.


Singapore Code of Conduct for ESG Ratings Is Less Risk and More Reward

Singapore Market Roundup, Singapore Market Roundup

Singapore Market Roundup

Thematic (Sector/Industry)

<ul><li>RHB raises STI year-end target to 4,690 and highlights top sector picks.</li><li>Analysts are optimistic about CICT, stating it's 'revving on all engines.'</li><li>UOB Kay Hian's Loh sets Centurion Accommodation REIT's target price at $1.23.</li></ul>

RHB raises STI year-end target to 4,690 and highlights top sector picks.Analysts are optimistic about CICT, stating it's 'revving on all engines.'UOB Kay Hian's Loh sets Centurion Accommodation REIT's target price at $1.23.

Singapore Market Roundup (30-Oct-2025): RHB raises STI target to 4,690, names top sector picks.

<ul><li>DBS and CGS International keep 'hold' rating on Aztech Global.</li><li>DBS reports public transport fare hikes are lower than anticipated.</li><li>JP Morgan notes Keppel's continued asset monetisation in their update.</li></ul>

DBS and CGS International keep 'hold' rating on Aztech Global.DBS reports public transport fare hikes are lower than anticipated.JP Morgan notes Keppel's continued asset monetisation in their update.

Singapore Market Roundup (16-Oct-2025): DBS and CGS maintain 'hold' on Aztech Global stock.

<ul><li>CGS International's Ong raises BRC Asia target price to $5.30 amid high demand.</li><li>RHB raises DBS target price to $57.10 after stock reaches a new high.</li><li>UOB Kay Hian maintains Keppel REIT at 'buy' with a $1.20 target after Sydney mall buy.</li></ul>

CGS International's Ong raises BRC Asia target price to $5.30 amid high demand.RHB raises DBS target price to $57.10 after stock reaches a new high.UOB Kay Hian maintains Keppel REIT at 'buy' with a $1.20 target after Sydney mall buy.

Singapore Market Roundup (10-Oct-2025): Ong raises BRC Asia target price to $5.30 due to demand.

<ul><li>Wilmar International may have passed its worst phase.</li><li>RHB downgrades Keppel REIT to neutral following Australian retail acquisition news.</li><li>OCBC: ST Engineering's growth is intact, but its risk-reward is now balanced.</li></ul>

Wilmar International may have passed its worst phase.RHB downgrades Keppel REIT to neutral following Australian retail acquisition news.OCBC: ST Engineering's growth is intact, but its risk-reward is now balanced.

Singapore Market Roundup (09-Oct-2025): Wilmar International may have overcome its toughest times.

Singapore

Keppel Corporation Limited's core businesses are offshore and marine, infrastructure, property investment and development, telecommunications and transportation, energy, and engineering.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Keppel Corp (KEP SP)

Singapore Code of Conduct for ESG Ratings Is Less Risk and More Reward

Singapore's Code of Conduct for ESG ratings is more light-handed than other regulation-based approaches, but therein lies the "less risk and more...

Kyle Rudden

Singapore Market Roundup (30-Oct-2025): RHB raises STI target to 4,690, names top sector picks.

RHB raises STI year-end target to 4,690, favors CICT, while UOB Kay Hian sets Centurion Accommodation REIT's target price at $1.23.

Singapore Market Roundup

Singapore Market Roundup (16-Oct-2025): DBS and CGS maintain 'hold' on Aztech Global stock.

DBS and CGS International maintain 'hold' on Aztech Global. DBS notes lower-than-expected public transport fare hikes; JP Morgan highlights...

Singapore Market Roundup

Singapore Market Roundup (10-Oct-2025): Ong raises BRC Asia target price to $5.30 due to demand.

CGS raises BRC Asia target to $5.30 due to high demand; RHB lifts DBS target to $57.10; UOB Kay Hian keeps Keppel REIT at 'buy' with $1.20 target.

Singapore Market Roundup

Singapore Market Roundup (09-Oct-2025): Wilmar International may have overcome its toughest times.

Wilmar International may have improved, while RHB downgrades Keppel REIT to neutral after its Australian acquisition. OCBC sees ST Engineering's...

Singapore Market Roundup

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)