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>Marco Polo Marine shifted focus to the offshore wind sector in Asia, achieving profitability with S$123.5 million revenue and S$21.7 million profit for 2024.</li><li>The company repurposed assets from offshore oil and gas to offshore wind, expanding operations in Taiwan, South Korea, and Japan.</li><li>Marco Polo Marine is enhancing its infrastructure with a new commissioning service operation vessel and a fourth drydock to support offshore wind projects.</li></ul>

Marco Polo Marine shifted focus to the offshore wind sector in Asia, achieving profitability with S$123.5 million revenue and S$21.7 million profit for 2024.The company repurposed assets from offshore oil and gas to offshore wind, expanding operations in Taiwan, South Korea, and Japan.Marco Polo Marine is enhancing its infrastructure with a new commissioning service operation vessel and a fourth drydock to support offshore wind projects.

kopi-C with Marco Polo Marine’s CEO: ‘We want to be an offshore wind leader in Asia’

<ul><li>Over the five trading sessions from Nov 29 to Dec 5, institutions were net buyers of Singapore stocks, leading to a net institutional inflow of S$418 million.</li><li>Stocks that led the net institutional inflow over the five sessions until Dec 5 inclusive were DBS, Suntec Real Estate Investment Trust (Reit), Yangzijiang Shipbuilding, Sembcorp Industries, Singtel, Keppel, Thai Beverage, Seatrium, Jardine Matheson, and Singapore Airlines.</li><li>Union Steel ranks among the 250 most-traded stocks this year, and among the 150 stocks that booked the highest net institutional inflow.</li></ul>

Over the five trading sessions from Nov 29 to Dec 5, institutions were net buyers of Singapore stocks, leading to a net institutional inflow of S$418 million.Stocks that led the net institutional inflow over the five sessions until Dec 5 inclusive were DBS, Suntec Real Estate Investment Trust (Reit), Yangzijiang Shipbuilding, Sembcorp Industries, Singtel, Keppel, Thai Beverage, Seatrium, Jardine Matheson, and Singapore Airlines.Union Steel ranks among the 250 most-traded stocks this year, and among the 150 stocks that booked the highest net institutional inflow.

Marco Polo Marine Directors Boost Shareholding

Asia L/S Equity PM/Macro/Thematic Idea Generation

Rikki Malik

<ul>
<li>The core business continues to perform well  with a growing  order backlog</li>
<li>Due to the company's historical issues it has hugely underperformed its smaller peers</li>
<li>The disconnect from the oil price provides  asymmetric upside once the overhang clears</li>
</ul>


The core business continues to perform well  with a growing  order backlog
Due to the company's historical issues it has hugely underperformed its smaller peers
The disconnect from the oil price provides  asymmetric upside once the overhang clears


Seatrium – Overhang Remains but Huge Option Value

<ul><li>Institutions were net buyers of Singapore stocks, with a net inflow of S$63 million from Feb 7 to Feb 13.</li><li>Singapore Telecommunications saw a net institutional inflow of S$112 million, linked to a S$643 million green loan.</li><li>Marco Polo Marine's CEO increased his stake to 4.80% after acquiring 500,000 shares at S$0.054 each.</li></ul>

Institutions were net buyers of Singapore stocks, with a net inflow of S$63 million from Feb 7 to Feb 13.Singapore Telecommunications saw a net institutional inflow of S$112 million, linked to a S$643 million green loan.Marco Polo Marine's CEO increased his stake to 4.80% after acquiring 500,000 shares at S$0.054 each.

Marco Polo Marine CEO increases stake; ESR REIT buys back 5 million units

Singapore

Marco Polo Marine Limited is an integrated shipping company. The Company provides services that include ship chartering, ship building and repair, and brokering services.

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Marco Polo Marine (MPM SP)

kopi-C with Marco Polo Marine’s CEO: ‘We want to be an offshore wind leader in Asia’

Marco Polo Marine shifted focus to the offshore wind sector in Asia, achieving profitability with S$123.5 million revenue and S$21.7 million...

Singapore Exchange Ltd (SGX)

Company Spotlight: Marco Polo Marine

Company Spotlight: Marco Polo Marine

Singapore Exchange Ltd (SGX)

Marco Polo Marine Directors Boost Shareholding

Over the five trading sessions from Nov 29 to Dec 5, institutions were net buyers of Singapore stocks, leading to a net institutional inflow of...

Singapore Exchange Ltd (SGX)

Seatrium – Overhang Remains but Huge Option Value

Despite historical issues, the company's core business is strong with a growing order backlog, offering potential upside once overhang clears.

Rikki Malik

Marco Polo Marine CEO increases stake; ESR REIT buys back 5 million units

Institutions were net buyers of Singapore stocks, with a net inflow of S$63 million from Feb 7 to Feb 13. Singapore Telecommunications saw a net...

Singapore Exchange Ltd (SGX)

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

kopi-C with Marco Polo Marine’s CEO: ‘We want to be an offshore wind leader in Asia’

Marco Polo Marine shifted focus to the offshore wind sector in Asia, achieving profitability with S$123.5 million revenue and S$21.7 million...

Singapore Exchange Ltd (SGX)

Company Spotlight: Marco Polo Marine

Company Spotlight: Marco Polo Marine

Singapore Exchange Ltd (SGX)

Marco Polo Marine Directors Boost Shareholding

Over the five trading sessions from Nov 29 to Dec 5, institutions were net buyers of Singapore stocks, leading to a net institutional inflow of...

Singapore Exchange Ltd (SGX)

Seatrium – Overhang Remains but Huge Option Value

​Despite historical issues, the company's core business is strong with a growing order backlog, offering potential upside once overhang clears.

Rikki Malik

Marco Polo Marine CEO increases stake; ESR REIT buys back 5 million units

Institutions were net buyers of Singapore stocks, with a net inflow of S$63 million from Feb 7 to Feb 13. Singapore Telecommunications saw a net...

Singapore Exchange Ltd (SGX)

Despite historical issues, the company's core business is strong with a growing order backlog, offering potential upside once overhang clears.