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

Singapore Technologies Engineering / Equity Bottom-Up

Singapore Technologies Engineering (STE SP)

<ul><li>Institutional net outflow totaled S$140.4M through 13 July, while Industrials recorded S$170.2M net institutional inflow.</li><li>Singapore Airlines, SATS, and Singapore Technologies Engineering led Industrials inflow, with significant net institutional inflows relative to ADT.</li><li>Technology sector had S$580M net inflow in 1H26, but S$90.5M outflow through 13 July, reversing prior gains.</li></ul>

Institutional net outflow totaled S$140.4M through 13 July, while Industrials recorded S$170.2M net institutional inflow.Singapore Airlines, SATS, and Singapore Technologies Engineering led Industrials inflow, with significant net institutional inflows relative to ADT.Technology sector had S$580M net inflow in 1H26, but S$90.5M outflow through 13 July, reversing prior gains.

Recent Industrial Inflows Driven by Transportation, Logistics & Engineering

Invest for a Sustainable Future, Impact Capital Asset Management

ICAM

Invest for a Sustainable Future

Impact Capital Asset Management

Established in August 2020, Impact Capital Asset Management Pte. Ltd. (ICAM) was conceived by seasoned professionals Deepak Mawandia and Atul Tetambe. Both have accumulated a wealth of knowledge and experience from their extensive tenures in the financial sector. In 2019, ICAM secured its RFMC license and subsequently introduced a technology-centric venture fund. By 2021, with the acquisition of its CMS license, ICAM witnessed steady growth in its assets under management. Presently, ICAM manages a portfolio exceeding USD 1 billion, diversified across various countries. Central to ICAM’s foundation is a commitment to offering a platform singularly dedicated to the best interests of its investor clients. The combined expertise of Deepak and Atul firmly establishes ICAM as a notable entity in the wealth management field.

Thematic (Sector/Industry)

<ul><li>Defence technology, surveillance and security systems exposure on SGX is real, but narrow.</li><li>The theme is not a pure drone screen and not a broad defence-stock screen. It covers systems used to detect, monitor, communicate, coordinate and respond across defence, public safety, airspace, ports and critical infrastructure.</li><li>The listed map has one broad anchor, several narrower operating routes and a small watchlist of boundary names. </li></ul>

Defence technology, surveillance and security systems exposure on SGX is real, but narrow.The theme is not a pure drone screen and not a broad defence-stock screen. It covers systems used to detect, monitor, communicate, coordinate and respond across defence, public safety, airspace, ports and critical infrastructure.The listed map has one broad anchor, several narrower operating routes and a small watchlist of boundary names. 

GROW with Singlife, Navigator Investment Services

GROW with Singlife

Navigator Investment Services

We’ve made it our mission to enable advisers to partner with clients to make more considered choices, across their entire financial life journey. Together, we’re building an industry where financial advisers do better.

<ul><li>Artificial Intelligence (AI) has firmly established itself as a transformative force, reshaping industries and economies worldwide.</li><li>A 2017 report by PwC titled “Sizing the Prize” estimated that AI could contribute up to $15.7 trillion to the global economy by 2030.</li><li>This staggering projection underscores the enormous potential of AI-driven innovation to boost productivity and create value across sectors.</li></ul>

Artificial Intelligence (AI) has firmly established itself as a transformative force, reshaping industries and economies worldwide.A 2017 report by PwC titled “Sizing the Prize” estimated that AI could contribute up to $15.7 trillion to the global economy by 2030.This staggering projection underscores the enormous potential of AI-driven innovation to boost productivity and create value across sectors.

Founder, CEO, GSBR Research

Garvit Bhandari

Founder, CEO

Leading Provider of Equity and Investment Research

GSBR Research

We are an independent equity research provider focused on covering global markets. The aim of the research is to provide an unbiased view of the fundamentals of the company.

<ul>
<li>Next 50 Indices offers broader and faster-growing sector exposure to Industrials than the STI, with twice the number of industrial constituents and stronger revenue momentum</li>
<li>Industrials within the Next50 Indices were observed to have healthier balance sheets with more attractive valuations and higher dividend yields versus large-cap STI peers</li>
<li>For investors seeking greater industrial growth optionality in Singapore, the Next 50 presents a differentiated and compelling opportunity set.</li>
</ul>


Next 50 Indices offers broader and faster-growing sector exposure to Industrials than the STI, with twice the number of industrial constituents and stronger revenue momentum
Industrials within the Next50 Indices were observed to have healthier balance sheets with more attractive valuations and higher dividend yields versus large-cap STI peers
For investors seeking greater industrial growth optionality in Singapore, the Next 50 presents a differentiated and compelling opportunity set.


Singapore Industrials Beyond the STI: A Differentiated Opportunity in the Next 50 Index

<ul><li>Passenger traffic has rebounded beyond 2019 levels, led by Asia -Pacific’s long -haul reopening and tourism demand.</li><li>By 2034, global trips could reach 12bn. </li><li>Yet aircraft delivery backlogs, slot congestion, and labor shortages limit supply growth. </li></ul>

Passenger traffic has rebounded beyond 2019 levels, led by Asia -Pacific’s long -haul reopening and tourism demand.By 2034, global trips could reach 12bn. Yet aircraft delivery backlogs, slot congestion, and labor shortages limit supply growth. 

Singapore

Singapore Technologies Engineering is a Singapore-based multinational technology, defense, and engineering group. It offers a diverse portfolio of solutions across commercial aerospace (maintenance, repair, and overhaul, freighter conversions), urban solutions & satcom (smart mobility, utilities, infrastructure, satellite communication), and defense & public security (public safety, security, critical information infrastructure, land systems, marine, digital systems, and cyber solutions). The company is headquartered in Singapore and was formed in 1997.

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Singapore Technologies Engineering (STE SP)

Recent Industrial Inflows Driven by Transportation, Logistics & Engineering

Institutional net outflow totaled S$140.4M through 13 July, while Industrials recorded S$170.2M net institutional inflow. Singapore Airlines,...

Singapore Exchange Ltd (SGX)

Singapore Defence and Security Systems

Defence technology, surveillance and security systems exposure on SGX is real, but narrow. The theme is not a pure drone screen and not a broad...

ICAM

Digital Economy – The Case for AI

AI is revolutionizing industries, boosting global economies, and driving innovation while raising challenges in ethics, privacy, and workforce...

GROW with Singlife

Singapore Industrials Beyond the STI: A Differentiated Opportunity in the Next 50 Index

Next 50 Indices provide more diverse and faster-growing industrial sector exposure in Singapore compared to STI, with stronger revenue momentum,...

GSBR Research

Aviation Innovation in Singapore

By 2034, global trips could reach 12bn. Yet aircraft delivery backlogs, slot congestion, and labor shortages limit supply growth.

ICAM

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Recent Industrial Inflows Driven by Transportation, Logistics & Engineering

Institutional net outflow totaled S$140.4M through 13 July, while Industrials recorded S$170.2M net institutional inflow. Singapore Airlines,...

Singapore Exchange Ltd (SGX)

Singapore Defence and Security Systems

Defence technology, surveillance and security systems exposure on SGX is real, but narrow. The theme is not a pure drone screen and not a broad...

ICAM

Digital Economy – The Case for AI

AI is revolutionizing industries, boosting global economies, and driving innovation while raising challenges in ethics, privacy, and workforce...

GROW with Singlife

Singapore Industrials Beyond the STI: A Differentiated Opportunity in the Next 50 Index

​Next 50 Indices provide more diverse and faster-growing industrial sector exposure in Singapore compared to STI, with stronger revenue momentum,...

GSBR Research

Aviation Innovation in Singapore

By 2034, global trips could reach 12bn. Yet aircraft delivery backlogs, slot congestion, and labor shortages limit supply growth.

ICAM

Next 50 Indices provide more diverse and faster-growing industrial sector exposure in Singapore compared to STI, with stronger revenue momentum,...