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, 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

Freelance Research Analyst

Tay Hock Meng

Thematic (Sector/Industry)

With a global economic slowdown, businesses in Singapore are cutting costs and rationalising their office space requirements and this was felt most in 1Q2016 when prices and rentals fell by 0.3% and 2.1% respectively on a quarterly basis, while pipeline office space supply grew slightly by 1.6% to 1.009 million square metres (sqm) in gross floor average (GFA) during the same time period.

With a global economic slowdown, businesses in Singapore are cutting costs and rationalising their office space requirements and this was felt most in 1Q2016 when prices and rentals fell by 0.3% and 2.1% respectively on a quarterly basis, while pipeline office space supply grew slightly by 1.6% to 1.009 million square metres (sqm) in gross floor average (GFA) during the same time period.

Slow Return to Normalcy in Prices and Supply of Office Space in Singapore

The latest reading of the National University of Singapore (NUS) and Real Estate Developers Association of Singapore (NUS-Redas) real estate sentiment index for 4Q2015 suggests that most developers are gradually turning pessimistic about the overall health of the real estate market in Singapore. The nine quarters of property cooling measures since 3Q2013 have a taken a toll on their overall sentiments, be it, to continue investing in the Singapore real estate market, or give up on any hope that the government will soon loosen the noose around the property cooling measures they have put in place since 2010.

The latest reading of the National University of Singapore (NUS) and Real Estate Developers Association of Singapore (NUS-Redas) real estate sentiment index for 4Q2015 suggests that most developers are gradually turning pessimistic about the overall health of the real estate market in Singapore. The nine quarters of property cooling measures since 3Q2013 have a taken a toll on their overall sentiments, be it, to continue investing in the Singapore real estate market, or give up on any hope that the government will soon loosen the noose around the property cooling measures they have put in place since 2010.

Developers' Sentiments Turned South, Says NUS-Redas

The latest Urban Redevelopment Authority (URA) final statistics for the office property sector for 2015 looks set to be another bummer for 2016 with a rise of 9.4% quarter-on-quarter (qoq) in pipeline supply to 10.69 million sq ft coming in during 4Q2015 and perhaps more in 2016. If any of Insight providers are users of Bloomberg, you might have come across the “Gadfly” article by Andy Mukherjee this week that talked about how developers have outgrown their development of office spaces in Singapore without thinking about any possibility of global economic slowdown ahead.

The latest Urban Redevelopment Authority (URA) final statistics for the office property sector for 2015 looks set to be another bummer for 2016 with a rise of 9.4% quarter-on-quarter (qoq) in pipeline supply to 10.69 million sq ft coming in during 4Q2015 and perhaps more in 2016. If any of Insight providers are users of Bloomberg, you might have come across the “Gadfly” article by Andy Mukherjee this week that talked about how developers have outgrown their development of office spaces in Singapore without thinking about any possibility of global economic slowdown ahead.

Gloomy Forecast Ahead for Office Property Sector in Singapore

Head of Digital Services at Singapore Post Ltd, Singapore Post Limited

Bernard Leong

Head of Digital Services at Singapore Post Ltd

Singapore Post Limited

How should digital leaders advise businesses? Two ways: target the high and low ends of the market while allowing cannibalisation against their current business model in a controlled pace.&nbsp;The trick lies in capital allocation and separation of the products/services moving towards both ends. Digital products often require high cost of acquisition contrary to perception by businesses that it is cheaper against traditional channels.

How should digital leaders advise businesses? Two ways: target the high and low ends of the market while allowing cannibalisation against their current business model in a controlled pace.&nbsp;The trick lies in capital allocation and separation of the products/services moving towards both ends. Digital products often require high cost of acquisition contrary to perception by businesses that it is cheaper against traditional channels.

Digital disruption bifurcates traditional market segmentation

Singapore

Nera Telecommunications is a leading communications and network solutions provider, delivering full suite turnkey network and wireless solutions. The company specializes in the sales, distribution, servicing, installation, and maintenance of telecommunication systems, satellite communications, IT networks, and offers end-to-end solutions for AIoT, cloud, connectivity, and cybersecurity. Headquartered in Singapore, the company was founded in 1978.

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Nera Telecommunications (NERT SP)

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)

Slow Return to Normalcy in Prices and Supply of Office Space in Singapore

With a global economic slowdown, businesses in Singapore are cutting costs and rationalising their office space requirements and this was felt most...

Tay Hock Meng

Developers' Sentiments Turned South, Says NUS-Redas

The latest reading of the National University of Singapore (NUS) and Real Estate Developers Association of Singapore (NUS-Redas) real estate...

Tay Hock Meng

Gloomy Forecast Ahead for Office Property Sector in Singapore

The latest Urban Redevelopment Authority (URA) final statistics for the office property sector for 2015 looks set to be another bummer for 2016...

Tay Hock Meng

Digital disruption bifurcates traditional market segmentation

How should digital leaders advise businesses? Two ways: target the high and low ends of the market while allowing cannibalisation against their...

Bernard Leong

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)