Private Wealth Management and Asset Management., FPA Financial

FPA Financial

Private Wealth Management and Asset Management.

FPA Financial is an independent and boutique financial firm specializing in private wealth management and asset management.

Equity Bottom-Up

<ul><li>Metro Holdings Limited (“Metro”) is a property investment &amp; development group with net assets of S$1.1 billion as at 30 September 2025.</li><li>Metro operates two main segments: property investment &amp; development and retail.</li><li>As at 10 February 2026, Metro has interests in properties in Singapore, China, Indonesia, the United Kingdom (the “UK”), and Australia.</li></ul>

Metro Holdings Limited (“Metro”) is a property investment &amp; development group with net assets of S$1.1 billion as at 30 September 2025.Metro operates two main segments: property investment &amp; development and retail.As at 10 February 2026, Metro has interests in properties in Singapore, China, Indonesia, the United Kingdom (the “UK”), and Australia.

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.

<ul><li>Institutions were net sellers of Singapore stocks from February 6 to 12, with a net outflow of S$137 million.</li><li>Singtel and Keppel conducted significant share buybacks, with Singtel buying 1,058,200 shares and Keppel 361,000 shares.</li><li>Metro Holdings agreed to divest a 26% stake in Boustead Industrial Fund, expecting net proceeds of S$116 million.</li></ul>

Institutions were net sellers of Singapore stocks from February 6 to 12, with a net outflow of S$137 million.Singtel and Keppel conducted significant share buybacks, with Singtel buying 1,058,200 shares and Keppel 361,000 shares.Metro Holdings agreed to divest a 26% stake in Boustead Industrial Fund, expecting net proceeds of S$116 million.

GuocoLand’s Quek Leng Chan Builds Interest

<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

<ul><li>Metro Holdings Limited (“Metro”) is a property investment &amp; development group with net assets of S$1.2 billion as at 31 March 2025.</li><li>Metro operates two main segments: property investment &amp; development and retail. As at 23 May 2025, Metro has interests in properties in Singapore, China, Indonesia, the United Kingdom (the “UK”), and Australia.</li><li>For the six months ended 31 March 2025 (2H FY2025), revenue fell by 14.6% from S$65.7 million in 2H FY2024 to S$56.2 million in 2H FY2025 mainly due to its retail revenue falling by 13.8% (S$8.3 million) year-on-year (“y-o-y”). </li></ul>

Metro Holdings Limited (“Metro”) is a property investment &amp; development group with net assets of S$1.2 billion as at 31 March 2025.Metro operates two main segments: property investment &amp; development and retail. As at 23 May 2025, Metro has interests in properties in Singapore, China, Indonesia, the United Kingdom (the “UK”), and Australia.For the six months ended 31 March 2025 (2H FY2025), revenue fell by 14.6% from S$65.7 million in 2H FY2024 to S$56.2 million in 2H FY2025 mainly due to its retail revenue falling by 13.8% (S$8.3 million) year-on-year (“y-o-y”). 

Initiating Coverage: Metro Holdings Limited

<ul><li>Institutions were net sellers of Singapore stocks with a net outflow of S$53 million from August 15-21.</li><li>ISOTeam secured S$22.5 million in new contracts, boosting its order book to S$181.1 million for 24 months.</li><li>Q & M Dental Group raised S$130 million from a Multicurrency Debt Issuance Programme for organic expansion and M&A.</li></ul>

Institutions were net sellers of Singapore stocks with a net outflow of S$53 million from August 15-21.ISOTeam secured S$22.5 million in new contracts, boosting its order book to S$181.1 million for 24 months.Q & M Dental Group raised S$130 million from a Multicurrency Debt Issuance Programme for organic expansion and M&A.

Wave Of Director Acquisitions as Local Rally Takes a Breather

Singapore

Metro Holdings Limited is a property investment and development group, and a retail operator. The company leases shopping and office spaces, invests in property-related ventures, and operates department stores. It also develops various properties including mixed-use, residential, commercial, and retail centers. Headquartered in Singapore, the company was founded in 1957.

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Metro (METRO SP)

Company Update: Metro Holdings Limited

Metro Holdings Limited (“Metro”) is a property investment & development group with net assets of S$1.1 billion as at 30 September 2025. Metro...

FPA Financial

GuocoLand’s Quek Leng Chan Builds Interest

Institutions were net sellers of Singapore stocks from February 6 to 12, with a net outflow of S$137 million. Singtel and Keppel conducted...

Singapore Exchange Ltd (SGX)

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)

Initiating Coverage: Metro Holdings Limited

Metro Holdings Limited (“Metro”) is a property investment & development group with net assets of S$1.2 billion as at 31 March 2025. Metro...

FPA Financial

Wave Of Director Acquisitions as Local Rally Takes a Breather

Institutions were net sellers of Singapore stocks with a net outflow of S$53 million from August 15-21. ISOTeam secured S$22.5 million in new...

Singapore Exchange Ltd (SGX)

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