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>Primary listed stocks that filed highest buyback considerations Q1 2023 The two stocks that filed the highest buyback consideration in Q1 2023 were OCBC and Sembcorp Industries.</li><li>The buyback considerations of these five companies made up just over three-fifths of the S$126 million in combined consideration for Q1 2023.</li></ul>

Primary listed stocks that filed highest buyback considerations Q1 2023 The two stocks that filed the highest buyback consideration in Q1 2023 were OCBC and Sembcorp Industries.The buyback considerations of these five companies made up just over three-fifths of the S$126 million in combined consideration for Q1 2023.

OCBC and Sembcorp Industries lead Q1 buyback considerations

<ul><li>The past six sessions (10-17 March) have seen the STI trade below 3,200, with a 105-point range for the STI in rangebound choppy trading conditions.</li><li>The six sessions saw the Singapore stock market book net institutional outflows of S$133 million and net retail inflows of S$334 million.</li><li>Over the past six sessions, retail have been net buyers of Singapore stocks, with net retail inflows totaling S$334 million.</li></ul>

The past six sessions (10-17 March) have seen the STI trade below 3,200, with a 105-point range for the STI in rangebound choppy trading conditions.The six sessions saw the Singapore stock market book net institutional outflows of S$133 million and net retail inflows of S$334 million.Over the past six sessions, retail have been net buyers of Singapore stocks, with net retail inflows totaling S$334 million.

Singapore stocks book S$334M Retail inflows as STI trades below 3,200

<ul><li>What you need to know about the SG market #whatstrending feat. #whatstrending is a new series addressing some of the most trending questions/topics on the markets for investors.</li><li>All three declared higher dividends, as their interest income grew solidly on the back of interest rate hikes.</li></ul>

What you need to know about the SG market #whatstrending feat. #whatstrending is a new series addressing some of the most trending questions/topics on the markets for investors.All three declared higher dividends, as their interest income grew solidly on the back of interest rate hikes.

What's Trending: Singapore Banks 4Q22 Report Card

<ul><li>DBS, OCBC and UOB comprise more than 45% of the STI weightage and have averaged 37% total return since the end of 2019, outpacing the STI’s 15% total return over the period.</li><li>For their FY22 (ended 31 Dec), the trio all reported record net profit, with respective FY22 ROEs at 15.0% for DBS, for OCBC and 11.9% for UOB.</li><li>Total FY22 dividend payouts amount to S$2.00 per share (includes special dividend of S$0.50 per share) for DBS, S$0.68 per share for OCBC and S 35 per share for UOB.</li></ul>

DBS, OCBC and UOB comprise more than 45% of the STI weightage and have averaged 37% total return since the end of 2019, outpacing the STI’s 15% total return over the period.For their FY22 (ended 31 Dec), the trio all reported record net profit, with respective FY22 ROEs at 15.0% for DBS, for OCBC and 11.9% for UOB.Total FY22 dividend payouts amount to S$2.00 per share (includes special dividend of S$0.50 per share) for DBS, S$0.68 per share for OCBC and S 35 per share for UOB.

DBS, OCBC & UOB Report Record FY22 Net Profits

<ul><li>The STI booked a 3.5% gain in Jan, with five REITs ranking among the seven best performing STI constituents for the month.</li><li>As 10yr UST yields declined to 3.5%, these five REITs averaged 9.5% total returns on the month, following their 16.4% average declines in total return in 2022.</li><li>Among the 100 most traded Singapore stocks in Jan, eight stocks represented the Technology Sector, averaging 11% total returns in Jan, following a 36% decline in total return in 2022.</li></ul>

The STI booked a 3.5% gain in Jan, with five REITs ranking among the seven best performing STI constituents for the month.As 10yr UST yields declined to 3.5%, these five REITs averaged 9.5% total returns on the month, following their 16.4% average declines in total return in 2022.Among the 100 most traded Singapore stocks in Jan, eight stocks represented the Technology Sector, averaging 11% total returns in Jan, following a 36% decline in total return in 2022.

STI Posts 3.5% Gain in January, led by REITs & China Outlook

Singapore

Oversea-Chinese Banking Corporation Limited offers a comprehensive range of financial services.  The Company's services include deposit-taking, corporate, enterprise and personal lending, international trade financing, investment banking, private banking, treasury, stockbroking, insurance, credit cards, cash management, asset management and other financial and related services.

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OCBC (OCBC SP)

OCBC and Sembcorp Industries lead Q1 buyback considerations

Primary listed stocks that filed highest buyback considerations Q1 2023 The two stocks that filed the highest buyback consideration in Q1 2023...

Singapore Exchange Ltd (SGX)

Singapore stocks book S$334M Retail inflows as STI trades below 3,200

The past six sessions (10-17 March) have seen the STI trade below 3,200, with a 105-point range for the STI in rangebound choppy trading...

Singapore Exchange Ltd (SGX)

DBS, OCBC & UOB Report Record FY22 Net Profits

DBS, OCBC and UOB comprise more than 45% of the STI weightage and have averaged 37% total return since the end of 2019, outpacing the STI’s 15%...

Singapore Exchange Ltd (SGX)

STI Posts 3.5% Gain in January, led by REITs & China Outlook

The STI booked a 3.5% gain in Jan, with five REITs ranking among the seven best performing STI constituents for the month. As 10yr UST yields...

Singapore Exchange Ltd (SGX)

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

OCBC and Sembcorp Industries lead Q1 buyback considerations

Primary listed stocks that filed highest buyback considerations Q1 2023 The two stocks that filed the highest buyback consideration in Q1 2023...

Singapore Exchange Ltd (SGX)

Singapore stocks book S$334M Retail inflows as STI trades below 3,200

The past six sessions (10-17 March) have seen the STI trade below 3,200, with a 105-point range for the STI in rangebound choppy trading...

Singapore Exchange Ltd (SGX)

What's Trending: Singapore Banks 4Q22 Report Card

What you need to know about the SG market #whatstrending feat. #whatstrending is a new series addressing some of the most trending...

Singapore Exchange Ltd (SGX)

DBS, OCBC & UOB Report Record FY22 Net Profits

DBS, OCBC and UOB comprise more than 45% of the STI weightage and have averaged 37% total return since the end of 2019, outpacing the STI’s 15%...

Singapore Exchange Ltd (SGX)

STI Posts 3.5% Gain in January, led by REITs & China Outlook

The STI booked a 3.5% gain in Jan, with five REITs ranking among the seven best performing STI constituents for the month. As 10yr UST yields...

Singapore Exchange Ltd (SGX)