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>Over five sessions, directors reported 22 acquisitions and no disposals, while substantial shareholders recorded 28 acquisitions and five disposals.</li><li>Cortina Holdings completed a S$55 million share buyback, reducing issued shares excluding treasury shares to 152,332,142.</li><li>Chandra Asri Trading increased its stake in Hiap Seng Industries to 16.18% through a S$2.76 million off-market transaction.</li></ul>

Over five sessions, directors reported 22 acquisitions and no disposals, while substantial shareholders recorded 28 acquisitions and five disposals.Cortina Holdings completed a S$55 million share buyback, reducing issued shares excluding treasury shares to 152,332,142.Chandra Asri Trading increased its stake in Hiap Seng Industries to 16.18% through a S$2.76 million off-market transaction.

Cortina Completes 8% Buyback; Chandra Asri Adds to Hiap Seng Stake

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.

Thematic (Sector/Industry)

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Economic growth has contributed to oil demand growth.
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In particular, the economic growth of countries outside the Organization of Economic Cooperation and Development (“OECD”) has contributed to oil demand growth over the recent two decades.
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Meanwhile, countries that are part of the Organization of the Petroleum Exporting Countries (“OPEC”) accounted for around 35% of global oil production in 2024, while non-OPEC countries accounted for the balance.
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</ul>



Economic growth has contributed to oil demand growth.


In particular, the economic growth of countries outside the Organization of Economic Cooperation and Development (“OECD”) has contributed to oil demand growth over the recent two decades.


Meanwhile, countries that are part of the Organization of the Petroleum Exporting Countries (“OPEC”) accounted for around 35% of global oil production in 2024, while non-OPEC countries accounted for the balance.



<ul><li>Over five sessions, directors and substantial shareholders made 32 acquisitions and six disposals, with 32 companies conducting buybacks totaling S$71.5 million.</li><li>Centurion Corporation's Executive Directors acquired 1,077,500 shares, increasing their interests, while the company reported 31% revenue growth in 1HFY26.</li><li>BlackRock became a substantial unitholder of Hutchison Port Holdings Trust, increasing its deemed interest to 5.00% with 574,800 units acquired.</li></ul>

Over five sessions, directors and substantial shareholders made 32 acquisitions and six disposals, with 32 companies conducting buybacks totaling S$71.5 million.Centurion Corporation's Executive Directors acquired 1,077,500 shares, increasing their interests, while the company reported 31% revenue growth in 1HFY26.BlackRock became a substantial unitholder of Hutchison Port Holdings Trust, increasing its deemed interest to 5.00% with 574,800 units acquired.

Institutional and Insider Accumulation as Buybacks Accelerate

<ul><li>Over five sessions, 32 director/CEO acquisitions and 11 disposals were reported, with 27 companies conducting buybacks totaling S$37 million.</li><li>Aspial Lifestyle's Chairman acquired 1,331,200 shares, increasing direct interest to 9.95%, following a S$46.4 million acquisition.</li><li>iWOW Technology announced a proposed placement of 66.7 million shares at S$0.225 each, raising up to S$15 million.</li></ul>

Over five sessions, 32 director/CEO acquisitions and 11 disposals were reported, with 27 companies conducting buybacks totaling S$37 million.Aspial Lifestyle's Chairman acquired 1,331,200 shares, increasing direct interest to 9.95%, following a S$46.4 million acquisition.iWOW Technology announced a proposed placement of 66.7 million shares at S$0.225 each, raising up to S$15 million.

The Week of Insider Buying and Buyback Activity

<ul><li>Over five sessions, 22 primary-listed companies conducted buybacks totaling S$88.9 million, with Singapore Telecommunications leading with 14 million shares.</li><li>Azure Capital completed the acquisition of 22,074,000 Trek 2000 International shares, becoming a substantial shareholder with a 7.3% interest.</li><li>Frasers Logistics & Commercial Trust acquired four logistics properties in Germany and the Netherlands for €294.9 million, funded through debt.</li></ul>

Over five sessions, 22 primary-listed companies conducted buybacks totaling S$88.9 million, with Singapore Telecommunications leading with 14 million shares.Azure Capital completed the acquisition of 22,074,000 Trek 2000 International shares, becoming a substantial shareholder with a 7.3% interest.Frasers Logistics & Commercial Trust acquired four logistics properties in Germany and the Netherlands for €294.9 million, funded through debt.

AGT Raises Nam Cheong Stake, Silchester Increases ComfortDelGro Stake

Singapore

Nam Cheong is an investment holding company that specializes in the building and chartering of offshore support vessels (OSVs). The company constructs a range of vessels, including Anchor Handling Tug Supply (AHTS) vessels, Platform Supply Vessels (PSVs), and Accommodation Work Barges (AWBs), and also offers vessel chartering and ship delivery services. Headquartered in Singapore, Nam Cheong was founded in 1968.

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Nam Cheong (NCL SP)

Cortina Completes 8% Buyback; Chandra Asri Adds to Hiap Seng Stake

Over five sessions, directors reported 22 acquisitions and no disposals, while substantial shareholders recorded 28 acquisitions and five...

Singapore Exchange Ltd (SGX)

Oil & Gas Report (18 September 2026)

Economic growth has contributed to oil demand growth. In particular, the economic growth of countries outside the Organization of Economic...

FPA Financial

Institutional and Insider Accumulation as Buybacks Accelerate

Over five sessions, directors and substantial shareholders made 32 acquisitions and six disposals, with 32 companies conducting buybacks totaling...

Singapore Exchange Ltd (SGX)

The Week of Insider Buying and Buyback Activity

Over five sessions, 32 director/CEO acquisitions and 11 disposals were reported, with 27 companies conducting buybacks totaling S$37...

Singapore Exchange Ltd (SGX)

AGT Raises Nam Cheong Stake, Silchester Increases ComfortDelGro Stake

Over five sessions, 22 primary-listed companies conducted buybacks totaling S$88.9 million, with Singapore Telecommunications leading with 14...

Singapore Exchange Ltd (SGX)

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