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>Since the launch of Thai Singapore Depository Receipts in May, the three inaugural Thai SDRs – Airports of Thailand (AOT) , CP All and PTT Exploration & Production (PTTEP) – collectively traded over S$11 million on the Singapore Exchange.</li><li>The top traded SDR was PTTEP on the back of volatility in oil prices with max and daily trading ranges of (20 ticks) and 1% (7 ticks), respectively.</li><li>Airports of Thailand PLC is the largest publicly traded company in Thailand and the world’s largest airport operator by market capitalization.</li></ul>

Since the launch of Thai Singapore Depository Receipts in May, the three inaugural Thai SDRs – Airports of Thailand (AOT) , CP All and PTT Exploration & Production (PTTEP) – collectively traded over S$11 million on the Singapore Exchange.The top traded SDR was PTTEP on the back of volatility in oil prices with max and daily trading ranges of (20 ticks) and 1% (7 ticks), respectively.Airports of Thailand PLC is the largest publicly traded company in Thailand and the world’s largest airport operator by market capitalization.

SDR Earnings Snapshot: PTTEP beats estimates, correlation to oil price draws investors' interest

<ul><li>The first batch of 3 Singapore Depository Receipts (SDRs) represent the beneficial ownership interest in the underlying securities of Airports of Thailand (AOT), CP All (CPALL) and PTT Exploration & Production (PTTEP), which are constituents of the benchmark SET50 Index.</li><li>Through the SDRs, investors are now able to gain access to an underlying security which is currently listed on an overseas exchange.</li><li>SDRs are instruments each representing beneficial interest in an underlying security listed on an overseas exchange.</li></ul>

The first batch of 3 Singapore Depository Receipts (SDRs) represent the beneficial ownership interest in the underlying securities of Airports of Thailand (AOT), CP All (CPALL) and PTT Exploration & Production (PTTEP), which are constituents of the benchmark SET50 Index.Through the SDRs, investors are now able to gain access to an underlying security which is currently listed on an overseas exchange.SDRs are instruments each representing beneficial interest in an underlying security listed on an overseas exchange.

Singapore Depository Receipts provide investors access to some of Thailand’s largest companies

Head of Research, Krungthai XSpring

Waraporn Wiboonkanarak

Head of Research

A full service Thai brokerage

Krungthai XSpring

Krungthai XSpring is a full service broker. The company provides a wide range of investment services such as Securities Brokerage, Derivative Agent Business, Securities Borrowing and Lending, Securities Trading, Underwriting, Financial Advisory, Wealth Advisory, Private Fund Management and International Markets Securities Trading. 

In terms of credibility, Fitch Ratings has assigned Krunghtai XSpring a long-term rating of AA- and a national short-term rating of F1+ with stable outlook.

PTT Exploration & Production / Equity Bottom-Up

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<h2>RECENT DEVELOPMENTS</h2>
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<li>The delivery of gas from the Zawtika field will be suspended for two weeks after a leakage was found at an onshore pipeline yesterday, which resulted in a drop in gas pressure.</li>
<li>PTTEP is investigating the cause of the leakage, with the preliminary findings showing no trace of an explosion or fire.</li>
<li>Limited impact: PTTEP holds 80% in this project, which has a daily gas output of approximately 322 MMSCFD. </li>
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RECENT DEVELOPMENTS





The delivery of gas from the Zawtika field will be suspended for two weeks after a leakage was found at an onshore pipeline yesterday, which resulted in a drop in gas pressure.
PTTEP is investigating the cause of the leakage, with the preliminary findings showing no trace of an explosion or fire.
Limited impact: PTTEP holds 80% in this project, which has a daily gas output of approximately 322 MMSCFD. 






Big Cap Update - PTT Exploration and Production (PTTEP)

Thailand

PTT Exploration and Production Public Company Limited, also known as PTTEP, is a national petroleum exploration and production company. It focuses on the exploration, development, and production of petroleum, including crude oil, natural gas, condensate, and liquified petroleum gas. The company also invests in renewable energy and related businesses, such as gas pipeline transportation and solar power. Headquartered in Bangkok, Thailand, the company was founded on June 20, 1985.

PTT Exploration and Production (PTTEP-R TB)

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PTT Exploration and Production (PTTEP-R TB)

SDR Earnings Snapshot: PTTEP beats estimates, correlation to oil price draws investors' interest

Since the launch of Thai Singapore Depository Receipts in May, the three inaugural Thai SDRs – Airports of Thailand (AOT) , CP All and PTT...

Singapore Exchange Ltd (SGX)

Singapore Depository Receipts provide investors access to some of Thailand’s largest companies

The first batch of 3 Singapore Depository Receipts (SDRs) represent the beneficial ownership interest in the underlying securities of Airports of...

Singapore Exchange Ltd (SGX)

Big Cap Update - PTT Exploration and Production (PTTEP)

PTTEP is the largest Thai E&P operator, with proved reserves at 1,350 million barrels of oil equivalent at the end of 2021.

Krungthai XSpring

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