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>Yangzijiang Shipbuilding Holdings reversed S$40 million outflow to S$219 million inflow in 3Q26, totaling S$180 million net flow.</li><li>Keppel achieved S$123 million net institutional flow in 2026, reversing S$36 million outflow with S$159 million inflow in 3Q26.</li><li>Thai Beverage narrowed net institutional outflow to S$2 million in 2026, reversing S$34 million outflow with S$32 million inflow.</li></ul>

Yangzijiang Shipbuilding Holdings reversed S$40 million outflow to S$219 million inflow in 3Q26, totaling S$180 million net flow.Keppel achieved S$123 million net institutional flow in 2026, reversing S$36 million outflow with S$159 million inflow in 3Q26.Thai Beverage narrowed net institutional outflow to S$2 million in 2026, reversing S$34 million outflow with S$32 million inflow.

Singapore Stocks That Reversed 1H26 Institutional Outflows in 3Q26

<ul><li>Singapore's Financial and Technology sectors experienced selective net institutional inflows, with UOB, OCBC, SGX, and UMS leading inflows.</li><li>Global conditions tightened, with selective ETF net inflows totaling S$20 million, led by SPDR Straits Times Index ETF.</li><li>Institutional flows concentrated in Financial Services and Technology sectors, with significant inflows to UOB, OCBC, and Venture Corporation.</li></ul>

Singapore's Financial and Technology sectors experienced selective net institutional inflows, with UOB, OCBC, SGX, and UMS leading inflows.Global conditions tightened, with selective ETF net inflows totaling S$20 million, led by SPDR Straits Times Index ETF.Institutional flows concentrated in Financial Services and Technology sectors, with significant inflows to UOB, OCBC, and Venture Corporation.

Selective Flows into Financials, Tech & ETFs as Conditions Tightened Monday

<ul><li>Singapore's trade is influenced by policy-driven flows and sector-specific demand, with electronics leading on AI demand.</li><li>Frencken Group's FY26 guidance shows improved visibility with a potential 2H26 recovery, impacting analyst recommendations.</li><li>ST Engineering, Yangzijiang Shipbuilding, and ISDN report strong orderbooks, revenue growth, and strategic shifts towards higher value offerings.</li></ul>

Singapore's trade is influenced by policy-driven flows and sector-specific demand, with electronics leading on AI demand.Frencken Group's FY26 guidance shows improved visibility with a potential 2H26 recovery, impacting analyst recommendations.ST Engineering, Yangzijiang Shipbuilding, and ISDN report strong orderbooks, revenue growth, and strategic shifts towards higher value offerings.

Engineering, Orderbooks and Guidance Under Trade Shifts

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>From USD1.2 trillion in 2025, the International Energy Agency (IEA) expects the global clean energy technology market to reach almost USD3 trillion by 2035, assuming policies already announced are implemented.</li><li>Unlike other new-economy tech industries (e.g. FinTech, MedTech), the Asia-Pacific region has the largest estimated market share of 45-50% of the global CleanTech market, thanks to the region’s dominance in electric vehicles (EVs), energy storage, solar and wind energy.</li><li>Singapore’s CleanTech industry is highly vibrant, with an estimated 250- 400 companies active in the ecosystem. The industry’s economic contribution is modest, making up an estimated 2-4% of the country’s GDP. Policy initiatives under the Singapore Green Plan 2030 will promote continued growth of the industry.</li></ul>

From USD1.2 trillion in 2025, the International Energy Agency (IEA) expects the global clean energy technology market to reach almost USD3 trillion by 2035, assuming policies already announced are implemented.Unlike other new-economy tech industries (e.g. FinTech, MedTech), the Asia-Pacific region has the largest estimated market share of 45-50% of the global CleanTech market, thanks to the region’s dominance in electric vehicles (EVs), energy storage, solar and wind energy.Singapore’s CleanTech industry is highly vibrant, with an estimated 250- 400 companies active in the ecosystem. The industry’s economic contribution is modest, making up an estimated 2-4% of the country’s GDP. Policy initiatives under the Singapore Green Plan 2030 will promote continued growth of the industry.

GROW with Singlife, Navigator Investment Services

GROW with Singlife

Navigator Investment Services

We’ve made it our mission to enable advisers to partner with clients to make more considered choices, across their entire financial life journey. Together, we’re building an industry where financial advisers do better.

<ul><li>Artificial Intelligence (AI) has firmly established itself as a transformative force, reshaping industries and economies worldwide.</li><li>A 2017 report by PwC titled “Sizing the Prize” estimated that AI could contribute up to $15.7 trillion to the global economy by 2030.</li><li>This staggering projection underscores the enormous potential of AI-driven innovation to boost productivity and create value across sectors.</li></ul>

Artificial Intelligence (AI) has firmly established itself as a transformative force, reshaping industries and economies worldwide.A 2017 report by PwC titled “Sizing the Prize” estimated that AI could contribute up to $15.7 trillion to the global economy by 2030.This staggering projection underscores the enormous potential of AI-driven innovation to boost productivity and create value across sectors.

Singapore

Keppel Ltd. is a Singaporean global asset manager and operator, providing critical infrastructure and services for renewables, clean energy, decarbonization, sustainable urban renewal, and digital connectivity. The company operates across Infrastructure, Real Estate, Connectivity, and Fund Management & Investment platforms. Keppel is headquartered in Singapore and was founded in 1968.

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Keppel (KEP SP)

Singapore Stocks That Reversed 1H26 Institutional Outflows in 3Q26

Yangzijiang Shipbuilding Holdings reversed S$40 million outflow to S$219 million inflow in 3Q26, totaling S$180 million net flow. Keppel achieved...

Singapore Exchange Ltd (SGX)

Selective Flows into Financials, Tech & ETFs as Conditions Tightened Monday

Singapore's Financial and Technology sectors experienced selective net institutional inflows, with UOB, OCBC, SGX, and UMS leading inflows. Global...

Singapore Exchange Ltd (SGX)

Engineering, Orderbooks and Guidance Under Trade Shifts

Singapore's trade is influenced by policy-driven flows and sector-specific demand, with electronics leading on AI demand. Frencken Group's FY26...

Singapore Exchange Ltd (SGX)

Singapore CleanTech Industry

From USD1.2 trillion in 2025, the International Energy Agency (IEA) expects the global clean energy technology market to reach almost USD3...

Wealth Management Alliance

Digital Economy – The Case for AI

AI is revolutionizing industries, boosting global economies, and driving innovation while raising challenges in ethics, privacy, and workforce...

GROW with Singlife

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