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>StarHub targets $70 million in run-rate savings through a multi-year cost optimisation programme from FY2026-28.</li><li>Strategic investments focus on cybersecurity, network infrastructure, and enterprise capabilities to enhance long-term competitiveness and earnings quality.</li><li>Execution priorities include disciplined delivery, selective mergers, and acquisitions to drive scale and strengthen project governance.</li></ul>

StarHub targets $70 million in run-rate savings through a multi-year cost optimisation programme from FY2026-28.Strategic investments focus on cybersecurity, network infrastructure, and enterprise capabilities to enhance long-term competitiveness and earnings quality.Execution priorities include disciplined delivery, selective mergers, and acquisitions to drive scale and strengthen project governance.

10 in 10 with StarHub – A Structural Reset is Underway

Singapore Market Roundup, Singapore Market Roundup

Singapore Market Roundup

Thematic (Sector/Industry)

<ul><li>CLSA gives Addvalue a 'high-conviction outperform' rating, TP at 27 cents.</li><li>UOBKH raises target price for Pan-United to $1.88, maintaining 'buy' rating.</li><li>Citi: Share buybacks are less effective for Singapore stocks against index dips.</li></ul>

CLSA gives Addvalue a 'high-conviction outperform' rating, TP at 27 cents.UOBKH raises target price for Pan-United to $1.88, maintaining 'buy' rating.Citi: Share buybacks are less effective for Singapore stocks against index dips.

Singapore Market Roundup (27-Aug-2026): CLSA rates Addvalue 'outperform,' with a TP of 27 cents.

<ul>
<li>RHB and DBS maintain 'neutral' outlook on Wilmar despite strong 2QFY2026 results.</li>
<li>Analysts remain optimistic about Frencken's outlook for the strong second half.</li>
<li>Analysts remain optimistic on Singtel after 1QFY2027 earnings exceeded forecasts.</li>
</ul>


RHB and DBS maintain 'neutral' outlook on Wilmar despite strong 2QFY2026 results.
Analysts remain optimistic about Frencken's outlook for the strong second half.
Analysts remain optimistic on Singtel after 1QFY2027 earnings exceeded forecasts.


Singapore Market Roundup (14-Aug-2026): RHB and DBS keep 'neutral' stance on Wilmar after strong

<ul>
<li>OCBC and CGSI keep buy recommendations for Info-Tech Systems.                                       </li>
<li>Maybank rates Info-Tech Systems as a 'buy' at $1.46.</li>
<li>DBS keeps ‘hold’ rating and $1 target for Delfi.</li>
</ul>


OCBC and CGSI keep buy recommendations for Info-Tech Systems.                                       
Maybank rates Info-Tech Systems as a 'buy' at $1.46.
DBS keeps ‘hold’ rating and $1 target for Delfi.


Singapore Market Roundup (13-Aug-2026): OCBC and CGSI maintain buy ratings for Info-Tech Systems.

<ul><li>Analysts remain optimistic on CSE Global after a recent site visit.</li><li>DBS, UOBKH, and CGSI remain positive on iFAST after 2QFY2026 profit growth.</li><li>Analysts grow cautious on Raffles Medical after weak 1HFY2026 results.</li></ul>

Analysts remain optimistic on CSE Global after a recent site visit.DBS, UOBKH, and CGSI remain positive on iFAST after 2QFY2026 profit growth.Analysts grow cautious on Raffles Medical after weak 1HFY2026 results.

Singapore Market Roundup (28-Jul-2026): Analysts stay bullish on CSE Global after recent visit.

Singapore

StarHub is a Singaporean multinational telecommunications conglomerate that provides mobile, broadband internet, pay TV, and enterprise solutions including cybersecurity, cloud services, data analytics, IoT, and robotics. Headquartered in Singapore, the company was founded on May 7, 1998.

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StarHub (STH SP)

10 in 10 with StarHub – A Structural Reset is Underway

StarHub targets $70 million in run-rate savings through a multi-year cost optimisation programme from FY2026-28. Strategic investments focus on...

Singapore Exchange Ltd (SGX)

Singapore Market Roundup (27-Aug-2026): CLSA rates Addvalue 'outperform,' with a TP of 27 cents.

CLSA rates Addvalue as 'high-conviction outperform' with a target price of 27 cents. UOBKH raises Pan-United's target to $1.88, maintaining 'buy'....

Singapore Market Roundup

Singapore Market Roundup (14-Aug-2026): RHB and DBS keep 'neutral' stance on Wilmar after strong

RHB and DBS keep a 'neutral' outlook on Wilmar despite strong 2QFY2026 results, while analysts are optimistic about Frencken and Singtel's earnings.

Singapore Market Roundup

Singapore Market Roundup (13-Aug-2026): OCBC and CGSI maintain buy ratings for Info-Tech Systems.

OCBC and CGSI maintain buy ratings for Info-Tech Systems. Maybank rates it a 'buy' at $1.46, while DBS holds a 'hold' rating with a $1 target for...

Singapore Market Roundup

Singapore Market Roundup (28-Jul-2026): Analysts stay bullish on CSE Global after recent visit.

Analysts are optimistic on CSE Global post-site visit, positive on iFAST after 2QFY2026 growth, but cautious on Raffles Medical after weak 1HFY2026...

Singapore Market Roundup

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