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.

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Equity Sectors Booked Gains Across the Board in October

Insight Provider, CrossASEAN Research

Nicolas Van Broekhoven

Insight Provider

CrossASEAN Research

At CrossASEAN Research we strive to produce unbiased and differentiated on the ground insights on companies across South East Asia. Our Research is produced for the most part after face to face meetings and conversations with company management to dig deep into the long term vision and strategy of the companies we cover. We seek to deliver investable and actionable themes on sectors and markets across SE Asia, often in collaboration with other Insight Providers across the region, pooling the vast experience of the analysts within the Smartkarma Ecosystem. We also offer bespoke work and tailor made trips for our clients. 

Insights across South East Asia

Equity Bottom-Up

<ul><li><a href="https://www.smartkarma.com/entities/1414" target="_blank" data-smartkarma-citation="entities:1414:1">Frencken Group Ltd (FRKN SP)</a> is a global precision engineering company</li><li>Key divisions are Mechatronics and IMS which sell products into automotive and semiconductor industries</li><li>New Executive Director appointed in 2016 who brings big-company experience </li><li>2018 order book indications strong which should re-rate company in-line with peers</li><li>Frencken trades at 7.5x 2018 PE and 0.8x book with 4% dividend yield</li><li>Fair Value: assuming company can trade in-line with peers(12.5x 2018 PE) there is another 65% upside</li></ul>

Frencken Group Ltd (FRKN SP) is a global precision engineering companyKey divisions are Mechatronics and IMS which sell products into automotive and semiconductor industriesNew Executive Director appointed in 2016 who brings big-company experience 2018 order book indications strong which should re-rate company in-line with peersFrencken trades at 7.5x 2018 PE and 0.8x book with 4% dividend yieldFair Value: assuming company can trade in-line with peers(12.5x 2018 PE) there is another 65% upside

Discover Singapore: Frencken, Still at Discount to Peers After YTD Performance, 65% Upside to Be Had

<a href="https://www.smartkarma.com/entities/19384" target="_blank" data-smartkarma-citation="entities:19384:1">Micro Mechanics (Holdings) Ltd (MMH SP)</a> has been on a tear since my initial write-up in February this year.<figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/034/875/original/One-Year-Share-Price-of-Micro-Mechanics-SGD-Last-Price_chartbuilder.png?1507079896" class="editor-image img-responsive" data-smartkarma-image-id="34875"></figure>My first insight on MMH was written on the 20th of February when the stock was around 0.95 SGD.My second insight on the company was published on the 1st of May of July when the stock was trading at 1.26 SGD. Since then the stock is up 39%.My third insight on the company was published after its latest results came out on 29th of August when the stock closed at 1.47 SGD. Since then the stock…

Micro Mechanics (Holdings) Ltd (MMH SP) has been on a tear since my initial write-up in February this year.My first insight on MMH was written on the 20th of February when the stock was around 0.95 SGD.My second insight on the company was published on the 1st of May of July when the stock was trading at 1.26 SGD. Since then the stock is up 39%.My third insight on the company was published after its latest results came out on 29th of August when the stock closed at 1.47 SGD. Since then the stock…

Micro-Mechanics (MMH SP): +84% in 8 Months, Fair Value Reached as No Longer at Discount to Peers

Tech Sector Led in Sep, Venture now Biggest Stock in the STI Reserve List

Singapore’s 30 Biggest Hardware & Semiconductor Stocks

Singapore

Micro-Mechanics designs, manufactures, and markets high-precision parts and tools for process-critical applications in the semiconductor, medical, and aerospace industries. Their products include die-attach, wire-bonding, and encapsulation tools, alongside custom manufacturing of precision components. The company was founded in 1983 and is headquartered in Singapore.

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Micro-Mechanics (MMH SP)

Equity Sectors Booked Gains Across the Board in October

Singapore Exchange Ltd (SGX)

Discover Singapore: Frencken, Still at Discount to Peers After YTD Performance, 65% Upside to Be Had

Frencken Group Ltd (FRKN SP) is a global precision engineering company Key divisions are Mechatronics and IMS which sell products into automotive...

Nicolas Van Broekhoven