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>Institutions were net buyers of Singapore stocks with a S$57 million inflow, reversing a previous S$167 million outflow.</li><li>Eleven companies conducted share buybacks totaling S$13.6 million; United Overseas Bank led with 300,000 shares at S$34.57.</li><li>CapitaLand India Trust's 3Q 2025 update is due Oct 31; recent divestments aim to enhance financial flexibility.</li></ul>

Institutions were net buyers of Singapore stocks with a S$57 million inflow, reversing a previous S$167 million outflow.Eleven companies conducted share buybacks totaling S$13.6 million; United Overseas Bank led with 300,000 shares at S$34.57.CapitaLand India Trust's 3Q 2025 update is due Oct 31; recent divestments aim to enhance financial flexibility.

Real Estate Directors Continue to Build Interests

<ul><li>Institutions were net buyers of Singapore stocks with a S$33 million inflow, reversing a prior S$53 million outflow.</li><li>United Overseas Bank led share buybacks with S$54.7 million total consideration, purchasing 500,000 shares at S$35.30 each.</li><li>iFAST Corporation's 1HFY25 profit before tax rose 32.7% to S$50.4 million, driven by iGB's profitability.</li></ul>

Institutions were net buyers of Singapore stocks with a S$33 million inflow, reversing a prior S$53 million outflow.United Overseas Bank led share buybacks with S$54.7 million total consideration, purchasing 500,000 shares at S$35.30 each.iFAST Corporation's 1HFY25 profit before tax rose 32.7% to S$50.4 million, driven by iGB's profitability.

iFAST Chief Lim Chung Chun Ups Shareholding

<ul><li>Institutions were net sellers of Singapore stocks with a S$2 million outflow, totaling S$1.73 billion for 2025.  </li><li>Telecommunications and REITs saw highest net outflows; Financial Services and Industrials experienced significant net inflows.  </li><li>18 companies conducted share buybacks totaling S$45 million; Hongkong Land repurchased 1,563,300 shares at US$5.24 each.</li></ul>

Institutions were net sellers of Singapore stocks with a S$2 million outflow, totaling S$1.73 billion for 2025.  Telecommunications and REITs saw highest net outflows; Financial Services and Industrials experienced significant net inflows.  18 companies conducted share buybacks totaling S$45 million; Hongkong Land repurchased 1,563,300 shares at US$5.24 each.

Independent Director Chua Kee Lock Acquires Venture Shares on Open Market

Offering Senior Secured Loans, Kilde

Kilde

Offering Senior Secured Loans

Kilde connects family offices, funds, and accredited investors to investment-ready private credit deals in developed and emerging markets. We offer senior secured loans from last-mile lending companies with strong capitalization, a healthy balance sheet, and a capable management team.

Thematic (Sector/Industry)

<ul><li>Singapore’s tourism sector is experiencing a robust recovery, with international visitor arrivals reaching 16.5 million in 2024, marking a 21% YoY increase. The recovery is driven by strong inbound demand from China, Indonesia, India, Malaysia, and Australia, alongside increasing long-haul arrivals from the U.S. and Europe.</li><li>The surge in visitor arrivals is translating into record-breaking tourism receipts, projected to exceed S$30 billion in 2025E, surpassing previous highs. </li><li>The rebound in tourism is benefiting multiple industries, particularly aviation, hospitality, gaming, retail, and transportation.</li></ul>

Singapore’s tourism sector is experiencing a robust recovery, with international visitor arrivals reaching 16.5 million in 2024, marking a 21% YoY increase. The recovery is driven by strong inbound demand from China, Indonesia, India, Malaysia, and Australia, alongside increasing long-haul arrivals from the U.S. and Europe.The surge in visitor arrivals is translating into record-breaking tourism receipts, projected to exceed S$30 billion in 2025E, surpassing previous highs. The rebound in tourism is benefiting multiple industries, particularly aviation, hospitality, gaming, retail, and transportation.

Rising Tourism In Singapore: A Strong Recovery with Long-Term Growth Potential

<ul><li>The global Healthcare sector has expanded at a rapid pace over the recent years, driven by significant medical advances, accelerated drug approval processes for high unmet needs and overall increased access to healthcare.</li><li>The iEdge SG All Healthcare Index, which tracks the performance of the listed healthcare segment in Singapore, generated a 5% decline (in total return terms) in the first 2 months of 2023, with the top 10 constituents by weightage, averaging 0.8% gain in total returns.</li><li>Q & M Dental Group, reported a 12% decline in full year total FY22 revenue as Covid-19 testing revenue significantly decreased.</li></ul>

The global Healthcare sector has expanded at a rapid pace over the recent years, driven by significant medical advances, accelerated drug approval processes for high unmet needs and overall increased access to healthcare.The iEdge SG All Healthcare Index, which tracks the performance of the listed healthcare segment in Singapore, generated a 5% decline (in total return terms) in the first 2 months of 2023, with the top 10 constituents by weightage, averaging 0.8% gain in total returns.Q & M Dental Group, reported a 12% decline in full year total FY22 revenue as Covid-19 testing revenue significantly decreased.

Bright Spots in Singapore's Healthcare sector

Singapore

Q & M Dental Group (Singapore) Limited operates dental clinics. The Company offers aesthetic, children's and general dentistry; fits crowns, dentures and braces; and offers bleeding gum treatment, gum surgery and oral surgery; and treats snoring and teeth grinding.

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Q & M Dental Group (Singapore) (QNM SP)

Real Estate Directors Continue to Build Interests

Institutions were net buyers of Singapore stocks with a S$57 million inflow, reversing a previous S$167 million outflow. Eleven companies...

Singapore Exchange Ltd (SGX)

iFAST Chief Lim Chung Chun Ups Shareholding

Institutions were net buyers of Singapore stocks with a S$33 million inflow, reversing a prior S$53 million outflow. United Overseas Bank led...

Singapore Exchange Ltd (SGX)

Independent Director Chua Kee Lock Acquires Venture Shares on Open Market

Institutions were net sellers of Singapore stocks with a S$2 million outflow, totaling S$1.73 billion for 2025. Telecommunications and REITs saw...

Singapore Exchange Ltd (SGX)

Rising Tourism In Singapore: A Strong Recovery with Long-Term Growth Potential

Singapore’s tourism sector is experiencing a robust recovery, with international visitor arrivals reaching 16.5 million in 2024, marking a 21% YoY...

Kilde

Bright Spots in Singapore's Healthcare sector

The global Healthcare sector has expanded at a rapid pace over the recent years, driven by significant medical advances, accelerated drug approval...

Singapore Exchange Ltd (SGX)

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