Investment Management, 8VantEdge

8VantEdge

Investment Management

8VantEdge offers a hybrid fundamental stock picking combined with algorithmic rules based on human psychology.

Thematic (Sector/Industry)

<ul>
<li>Singapore’s offshore and marine complex is positioned as an energy transition bridge, applying established engineering, fabrication and marine capabilities across two complementary demand pools: the recovery in deepwater oil and gas and the structural expansion of offshore wind.</li>
<li>Four forces underpin this opportunity: (1) renewed offshore project sanctioning driven by reserve replacement; (2) offshore wind build-out across Europe and North Asia; (3) regional supply-chain localisation in Asia; and (4) an ageing offshore vessel fleet creating replacement demand after years of limited newbuilding.</li>
<li>Global offshore project sanctioning rose 90% year-on-year in the first half of 2026, while offshore wind continues to create demand for foundations, grid infrastructure and specialised vessels. </li>
</ul>


Singapore’s offshore and marine complex is positioned as an energy transition bridge, applying established engineering, fabrication and marine capabilities across two complementary demand pools: the recovery in deepwater oil and gas and the structural expansion of offshore wind.
Four forces underpin this opportunity: (1) renewed offshore project sanctioning driven by reserve replacement; (2) offshore wind build-out across Europe and North Asia; (3) regional supply-chain localisation in Asia; and (4) an ageing offshore vessel fleet creating replacement demand after years of limited newbuilding.
Global offshore project sanctioning rose 90% year-on-year in the first half of 2026, while offshore wind continues to create demand for foundations, grid infrastructure and specialised vessels. 


Offshore & Marine Revival: Energy Transition Bridge

<ul>
<li>Defence and security spending has shifted from a cyclical budget item towards a multi-year commitment, while the scope of funded activities has expanded beyond traditional military platforms.</li>
<li>Four structural forces support this transition: (1) multi-year commitments across NATO and the European Union that raise the spending floor; (2) a broader definition of security that includes cybersecurity and critical infrastructure protection; (3) supply-chain resilience that makes supplier location an increasingly important qualification criterion; and (4) rising electronics and software content across modern platforms.</li>
<li>Together, these trends extend the opportunity beyond defence primes to the technology and industrial suppliers represented in Singapore’s listed market.</li>
</ul>


Defence and security spending has shifted from a cyclical budget item towards a multi-year commitment, while the scope of funded activities has expanded beyond traditional military platforms.
Four structural forces support this transition: (1) multi-year commitments across NATO and the European Union that raise the spending floor; (2) a broader definition of security that includes cybersecurity and critical infrastructure protection; (3) supply-chain resilience that makes supplier location an increasingly important qualification criterion; and (4) rising electronics and software content across modern platforms.
Together, these trends extend the opportunity beyond defence primes to the technology and industrial suppliers represented in Singapore’s listed market.


The Defence and Security Spend Supercycle

Director and Founding Member, Corporate Monitor Limited

Tan Yee Peng

Director and Founding Member

Strengthening Corporate Performance

Corporate Monitor Limited

Corporate Monitor was established to encourage better performance of companies, particularly companies listed on the SGX, and hold their management and boards to account, for the benefit of their shareholders and stakeholders.

<ul><li>This report aims to examine the rationale and structure of the transformative deal in February 2023 when Keppel spun out its Offshore and Marine (“O&amp;M”) division.</li><li>This AssetCo transaction was selected because (1) The substantial size, at S$4.4bn, was equivalent to 14% of Keppel’s assets or 37% of its shareholder equity as of Dec 2022.</li><li>(2) Highly complex transaction with extremely generous financing terms granted by Keppel, which received no cash for selling legacy rigs at its carrying cost.</li></ul>

This report aims to examine the rationale and structure of the transformative deal in February 2023 when Keppel spun out its Offshore and Marine (“O&amp;M”) division.This AssetCo transaction was selected because (1) The substantial size, at S$4.4bn, was equivalent to 14% of Keppel’s assets or 37% of its shareholder equity as of Dec 2022.(2) Highly complex transaction with extremely generous financing terms granted by Keppel, which received no cash for selling legacy rigs at its carrying cost.

Keppel – Is There More to the Keppel O&M Deal than Meets the Eye?

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>Wing Tai chairman Cheng Wai Keung continues building deemed interest Heavy lifting specialist Sin Heng Heavy Machinery also bought back 648,200 shares at an average price of S$0.49 per share.</li><li>Wing Tai Holdings chairman and managing director Cheng Wai Keung continued to build his deemed interest in the company, through his spouse Helen Chow acquiring shares.</li></ul>

Wing Tai chairman Cheng Wai Keung continues building deemed interest Heavy lifting specialist Sin Heng Heavy Machinery also bought back 648,200 shares at an average price of S$0.49 per share.Wing Tai Holdings chairman and managing director Cheng Wai Keung continued to build his deemed interest in the company, through his spouse Helen Chow acquiring shares.

Wing Tai Chair Cheng Wai Keung Continues Building Deemed Interest

<ul><li>Banks lead Q3 2023 net institutional inflow INSTITUTIONS were again net buyers of Singapore stocks over the five trading sessions through to Oct 5, with S$100 million of net institutional inflow, and 24 primary-listed companies conducting buybacks with a total consideration of S$38.5 million.</li><li>ComfortDelGro saw S$71 million of net institutional fund inflow in Q3 2023, after booking S$44 million of net institutional fund outflow in H1 2023.</li></ul>

Banks lead Q3 2023 net institutional inflow INSTITUTIONS were again net buyers of Singapore stocks over the five trading sessions through to Oct 5, with S$100 million of net institutional inflow, and 24 primary-listed companies conducting buybacks with a total consideration of S$38.5 million.ComfortDelGro saw S$71 million of net institutional fund inflow in Q3 2023, after booking S$44 million of net institutional fund outflow in H1 2023.

Banks lead Q3 2023 net institutional inflow

Singapore

Seatrium is a Singapore-headquartered engineering firm providing innovative solutions to the global offshore, marine, and energy industries. It specializes in oil & gas newbuilds and conversions, offshore renewables, specialized shipbuilding, and repairs & upgrades. The company was formed in 2023 through the merger of Sembcorp Marine and Keppel Offshore & Marine.

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Seatrium (STM SP)

Offshore & Marine Revival: Energy Transition Bridge

Singapore’s offshore and marine complex is positioned as an energy transition bridge, applying established engineering, fabrication and marine...

8VantEdge

The Defence and Security Spend Supercycle

Defence and security spending has shifted from a cyclical budget item towards a multi-year commitment, while the scope of funded activities has...

8VantEdge

Keppel – Is There More to the Keppel O&M Deal than Meets the Eye?

This report aims to examine the rationale and structure of the transformative deal in February 2023 when Keppel spun out its Offshore and Marine...

Corporate Monitor Limited

Wing Tai Chair Cheng Wai Keung Continues Building Deemed Interest

Wing Tai chairman Cheng Wai Keung continues building deemed interest Heavy lifting specialist Sin Heng Heavy Machinery also bought back 648,200...

Singapore Exchange Ltd (SGX)

Banks lead Q3 2023 net institutional inflow

Banks lead Q3 2023 net institutional inflow INSTITUTIONS were again net buyers of Singapore stocks over the five trading sessions through to Oct...

Singapore Exchange Ltd (SGX)

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52-week Range

Market Cap (USDm)

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