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 30 Singapore stocks increased their 2025 YTD ADT to above S$100K, with two-thirds seeing P/B ratio accretion.  </li><li>Seven stocks saw their YTD ADT rise above S$1 million since June, with varied valuation accretion.  </li><li>LHT Holdings recorded the highest net institutional inflow, attributed to DH Cornerstone Fund's 18.45% stake acquisition.  </li></ul>

Over 30 Singapore stocks increased their 2025 YTD ADT to above S$100K, with two-thirds seeing P/B ratio accretion.  Seven stocks saw their YTD ADT rise above S$1 million since June, with varied valuation accretion.  LHT Holdings recorded the highest net institutional inflow, attributed to DH Cornerstone Fund's 18.45% stake acquisition.  

Stocks Surpassing Turnover Thresholds in 3Q25

<ul><li>Institutions were net sellers of Singapore stocks with a S$32 million outflow, totaling S$1.76 billion year-to-date.</li><li>19 companies conducted share buybacks totaling S$46 million; City Developments announced a 10% preference share buyback.</li><li>Directors and CEOs filed 13 acquisitions with no disposals; substantial shareholders filed 11 acquisitions and five disposals.</li></ul>

Institutions were net sellers of Singapore stocks with a S$32 million outflow, totaling S$1.76 billion year-to-date.19 companies conducted share buybacks totaling S$46 million; City Developments announced a 10% preference share buyback.Directors and CEOs filed 13 acquisitions with no disposals; substantial shareholders filed 11 acquisitions and five disposals.

<ul><li>Director filings and buybacks continue at stronger pace INSTITUTIONS were net sellers of Singapore stocks over the five trading sessions through to Mar 7, with S$224 million of net institutional outflow, as 26 primary-listed companies conducted buybacks with a total consideration of S$24.4 million, quadrupling the buyback consideration of the preceding five sessions.</li><li>This increased his total interest from 53.27 per cent to 53.61 per cent.</li><li>This followed his acquisition of 4.5 million shares between Feb 27 and 28.</li></ul>

Director filings and buybacks continue at stronger pace INSTITUTIONS were net sellers of Singapore stocks over the five trading sessions through to Mar 7, with S$224 million of net institutional outflow, as 26 primary-listed companies conducted buybacks with a total consideration of S$24.4 million, quadrupling the buyback consideration of the preceding five sessions.This increased his total interest from 53.27 per cent to 53.61 per cent.This followed his acquisition of 4.5 million shares between Feb 27 and 28.

Director Filings & Buybacks Continue Stronger Pace

<ul><li>kopi-C with CEO of PropNex: ‘We’ve built a culture that can’t be replicated’ So firmly ingrained is this belief in informed decision-making that PropNex’s CEO Mohamed Ismail Gafoor has been advocating consumer education in the last ten years.</li><li>As an integrated real estate services group, PropNex’s key business segments include real estate brokerage, training, property management and real estate consultancy.</li></ul>

kopi-C with CEO of PropNex: ‘We’ve built a culture that can’t be replicated’ So firmly ingrained is this belief in informed decision-making that PropNex’s CEO Mohamed Ismail Gafoor has been advocating consumer education in the last ten years.As an integrated real estate services group, PropNex’s key business segments include real estate brokerage, training, property management and real estate consultancy.

kopi-C with CEO of PropNex: ‘We’ve built a culture that can’t be replicated’

<ul><li>Institutions were net buyers of Singapore stocks over the five sessions with S$4 million of net inflow following the preceding five sessions which recorded S$270 million of net outflow.</li><li>DBS, UOB, Singapore Airlines, Jardine Matheson Holdings, and ST Engineering led the net institutional inflow for the five sessions.</li><li>Between May 8 and 25, UOB has bought back 1,008,000 shares, representing 0.06 per cent of its issued shares (excluding treasury shares).</li></ul>

Institutions were net buyers of Singapore stocks over the five sessions with S$4 million of net inflow following the preceding five sessions which recorded S$270 million of net outflow.DBS, UOB, Singapore Airlines, Jardine Matheson Holdings, and ST Engineering led the net institutional inflow for the five sessions.Between May 8 and 25, UOB has bought back 1,008,000 shares, representing 0.06 per cent of its issued shares (excluding treasury shares).

UOB leads buybacks; PropNex’s Kelvin Fong adds to stake

Singapore

PropNex Limited is an integrated real estate services group that provides real estate brokerage services for the sale and lease of residential, commercial, and industrial properties. It also offers project marketing services for new private residential developments, as well as training and administrative support services. The company was founded in 1996 and is headquartered in Singapore.

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PropNex (PROP SP)

Stocks Surpassing Turnover Thresholds in 3Q25

Over 30 Singapore stocks increased their 2025 YTD ADT to above S$100K, with two-thirds seeing P/B ratio accretion. Seven stocks saw their YTD...

Singapore Exchange Ltd (SGX)

Director Filings & Buybacks Continue Stronger Pace

Director filings and buybacks continue at stronger pace INSTITUTIONS were net sellers of Singapore stocks over the five trading sessions through...

Singapore Exchange Ltd (SGX)

kopi-C with CEO of PropNex: ‘We’ve built a culture that can’t be replicated’

kopi-C with CEO of PropNex: ‘We’ve built a culture that can’t be replicated’ So firmly ingrained is this belief in informed decision-making that...

Singapore Exchange Ltd (SGX)

UOB leads buybacks; PropNex’s Kelvin Fong adds to stake

Institutions were net buyers of Singapore stocks over the five sessions with S$4 million of net inflow following the preceding five sessions which...

Singapore Exchange Ltd (SGX)

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Stocks Surpassing Turnover Thresholds in 3Q25

Over 30 Singapore stocks increased their 2025 YTD ADT to above S$100K, with two-thirds seeing P/B ratio accretion. Seven stocks saw their YTD...

Singapore Exchange Ltd (SGX)

Ongoing Share Purchases by Dr Ng in Q&M

Institutions were net sellers of Singapore stocks with a S$32 million outflow, totaling S$1.76 billion year-to-date. 19 companies conducted share...

Singapore Exchange Ltd (SGX)

Director Filings & Buybacks Continue Stronger Pace

Director filings and buybacks continue at stronger pace INSTITUTIONS were net sellers of Singapore stocks over the five trading sessions through...

Singapore Exchange Ltd (SGX)

kopi-C with CEO of PropNex: ‘We’ve built a culture that can’t be replicated’

kopi-C with CEO of PropNex: ‘We’ve built a culture that can’t be replicated’ So firmly ingrained is this belief in informed decision-making that...

Singapore Exchange Ltd (SGX)

UOB leads buybacks; PropNex’s Kelvin Fong adds to stake

Institutions were net buyers of Singapore stocks over the five sessions with S$4 million of net inflow following the preceding five sessions which...

Singapore Exchange Ltd (SGX)