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 Telecommunications / Equity Bottom-Up

<ul><li>Seatrium reported FY24 net profit of S$200 million, revenue growth of 27%, and proposed a 1.5 cent dividend.</li><li>Singtel's ST28 strategy focuses on connectivity, digital services, and infrastructure, identifying S$6 billion in monetisable assets.</li><li>CapitaLand Investment aims to scale FUM to S$200 billion by 2028, focusing on asset-light, fee income model.</li></ul>

Seatrium reported FY24 net profit of S$200 million, revenue growth of 27%, and proposed a 1.5 cent dividend.Singtel's ST28 strategy focuses on connectivity, digital services, and infrastructure, identifying S$6 billion in monetisable assets.CapitaLand Investment aims to scale FUM to S$200 billion by 2028, focusing on asset-light, fee income model.

Market Leaders Pursuing Significant Strategic Transformations

<ul><li>Institutions were net buyers of Singapore stocks, with a net inflow of S$63 million from Feb 7 to Feb 13.</li><li>Singapore Telecommunications saw a net institutional inflow of S$112 million, linked to a S$643 million green loan.</li><li>Marco Polo Marine's CEO increased his stake to 4.80% after acquiring 500,000 shares at S$0.054 each.</li></ul>

Institutions were net buyers of Singapore stocks, with a net inflow of S$63 million from Feb 7 to Feb 13.Singapore Telecommunications saw a net institutional inflow of S$112 million, linked to a S$643 million green loan.Marco Polo Marine's CEO increased his stake to 4.80% after acquiring 500,000 shares at S$0.054 each.

Marco Polo Marine CEO increases stake; ESR REIT buys back 5 million units

<ul><li>Banks DBS, OCBC, and UOB, accounting for 54% of STI's weight, averaged 3.2% returns in January 2025.  </li><li>Institutions were net sellers of Singapore stocks, with a net outflow exceeding S$500 million in January 2025.  </li><li>Keppel Pacific Oak REIT led the S-REIT sector with a 17.1% return in USD terms in January 2025.</li></ul>

Banks DBS, OCBC, and UOB, accounting for 54% of STI's weight, averaged 3.2% returns in January 2025.  Institutions were net sellers of Singapore stocks, with a net outflow exceeding S$500 million in January 2025.  Keppel Pacific Oak REIT led the S-REIT sector with a 17.1% return in USD terms in January 2025.

STI Begins New Year with 1.8% Return, Led by Singtel & Seatrium

Yangzijiang Shipbuilding / Equity Bottom-Up

<ul><li>Over the five trading sessions from Jan 17 to Jan 23, institutions were net sellers of Singapore stocks, leading to net institutional outflow of S$393 million, adding to the S$184 million net outflow over the preceding five sessions.</li><li>Stocks that led the net institutional outflow over the five sessions through January 16 were DBS Group Holdings, CapitaLand Investment, Oversea-Chinese Banking Corp, CapitaLand Ascendas REIT, Yangzijiang Shipbuilding Holdings, SATS, Keppel, Mapletree Industrial Trust, CapitaLand Integrated Commercial Trust, and Singapore Telecommunications.</li><li>As of Jan 23, Top Glove Corporation Bhd recorded the eighth highest net institutional inflow in the Singapore stock market for the month.</li></ul>

Over the five trading sessions from Jan 17 to Jan 23, institutions were net sellers of Singapore stocks, leading to net institutional outflow of S$393 million, adding to the S$184 million net outflow over the preceding five sessions.Stocks that led the net institutional outflow over the five sessions through January 16 were DBS Group Holdings, CapitaLand Investment, Oversea-Chinese Banking Corp, CapitaLand Ascendas REIT, Yangzijiang Shipbuilding Holdings, SATS, Keppel, Mapletree Industrial Trust, CapitaLand Integrated Commercial Trust, and Singapore Telecommunications.As of Jan 23, Top Glove Corporation Bhd recorded the eighth highest net institutional inflow in the Singapore stock market for the month.

Huationg Global’s Patrick Ng enhances stake amid robust business prospects

<ul><li>Over the five trading sessions from Dec 6 to Dec 12, institutions were net sellers of Singapore stocks, leading to a net institutional outflow of S$104 million, reversing a quarter of the S$418 million net inflow over the preceding five sessions.</li><li>Stocks that led the net institutional outflow over the five sessions through to Dec 12 were DBS Group Holdings, Capitaland Investment, SATS, Singapore Exchange, Mapletree Industrial Trust, Capitaland Integrated Comm Trust, Genting Singapore, Capitaland Ascendas REIT, Singapore Telecommunications and Mapletree Pan Asia Commercial Trust.</li><li>The five trading sessions saw more than 50 director interests and substantial shareholdings filed for close to 25 primary-listed stocks.</li></ul>

Over the five trading sessions from Dec 6 to Dec 12, institutions were net sellers of Singapore stocks, leading to a net institutional outflow of S$104 million, reversing a quarter of the S$418 million net inflow over the preceding five sessions.Stocks that led the net institutional outflow over the five sessions through to Dec 12 were DBS Group Holdings, Capitaland Investment, SATS, Singapore Exchange, Mapletree Industrial Trust, Capitaland Integrated Comm Trust, Genting Singapore, Capitaland Ascendas REIT, Singapore Telecommunications and Mapletree Pan Asia Commercial Trust.The five trading sessions saw more than 50 director interests and substantial shareholdings filed for close to 25 primary-listed stocks.

Singapore

Singapore Telecommunications is Asia's leading communications technology group, providing next-generation communication, 5G, technology services, and infotainment to consumers and businesses. It offers mobile, broadband, TV, fixed-line telephony, IT and network services, data centers, managed cloud, IoT, and cybersecurity solutions. The company is headquartered in Singapore and was founded in 1879.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Singapore Telecommunications (ST SP)

Market Leaders Pursuing Significant Strategic Transformations

Seatrium reported FY24 net profit of S$200 million, revenue growth of 27%, and proposed a 1.5 cent dividend. Singtel's ST28 strategy focuses on...

Singapore Exchange Ltd (SGX)

Marco Polo Marine CEO increases stake; ESR REIT buys back 5 million units

Institutions were net buyers of Singapore stocks, with a net inflow of S$63 million from Feb 7 to Feb 13. Singapore Telecommunications saw a net...

Singapore Exchange Ltd (SGX)

STI Begins New Year with 1.8% Return, Led by Singtel & Seatrium

Banks DBS, OCBC, and UOB, accounting for 54% of STI's weight, averaged 3.2% returns in January 2025. Institutions were net sellers of Singapore...

Singapore Exchange Ltd (SGX)

Huationg Global’s Patrick Ng enhances stake amid robust business prospects

Over the five trading sessions from Jan 17 to Jan 23, institutions were net sellers of Singapore stocks, leading to net institutional outflow of...

Singapore Exchange Ltd (SGX)

Tuan Sing CEO and director add to stakes

Over the five trading sessions from Dec 6 to Dec 12, institutions were net sellers of Singapore stocks, leading to a net institutional outflow of...

Singapore Exchange Ltd (SGX)

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)