Over 25-yrs in Global Materials & Soft Commodities

Charles Spencer

Thematic (Sector/Industry)

Our Recommendation – Stay Overweight Commodities: We forecast the bullish trends in Commodity pricing, which has been underway since 1Q16, to continue. Leading Economic Indicators (LEI) we track remain in an uptrend, which is supportive for further pricing gains over the coming 3-6 months. We prefer late-cycle Metals such as <a href="https://www.smartkarma.com/entities/22872" target="_blank" data-smartkarma-citation="entities:22872:1">Copper (COPPER COMDTY)</a>, <a href="https://www.smartkarma.com/entities/26790" target="_blank" data-smartkarma-citation="entities:26790:1">Nickel (NICKEL COMDTY)</a> and Tin, which should continue to support the shares of <a href="https://www.smartkarma.com/entities/19226" target="_blank" data-smartkarma-citation="entities:19226:1">Vale Indonesia Tbk (INCO IJ)</a> and <a href="https://www.smartkarma.com/entities/11174" target="_blank" data-smartkarma-citation="entities:11174:1">Timah Persero Tbk Pt (TINS IJ)</a> in the…

Our Recommendation – Stay Overweight Commodities: We forecast the bullish trends in Commodity pricing, which has been underway since 1Q16, to continue. Leading Economic Indicators (LEI) we track remain in an uptrend, which is supportive for further pricing gains over the coming 3-6 months. We prefer late-cycle Metals such as Copper (COPPER COMDTY), Nickel (NICKEL COMDTY) and Tin, which should continue to support the shares of Vale Indonesia Tbk (INCO IJ) and Timah Persero Tbk Pt (TINS IJ) in the…

Stay Bullish Commodities; Despite Feb Pause

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.

<ul>
<li>SGX lists four stocks mining industrial minerals including tantalite, phosphate, limestone and marble, four coal mining stocks and three gold mining stocks. These 11 stocks are at different stages in the exploration, development, production cycle and have averaged a 19.0% gain in 2017 YTD.</li>
<li>
Of the three segments, mining industrial minerals has been the strongest performer in the 2017 YTD with an average 30.4% gain, led Alliance Minerals Assets. Coal was the next best performer with the four stocks…</li>
</ul>


SGX lists four stocks mining industrial minerals including tantalite, phosphate, limestone and marble, four coal mining stocks and three gold mining stocks. These 11 stocks are at different stages in the exploration, development, production cycle and have averaged a 19.0% gain in 2017 YTD.

Of the three segments, mining industrial minerals has been the strongest performer in the 2017 YTD with an average 30.4% gain, led Alliance Minerals Assets. Coal was the next best performer with the four stocks…


Average 19% YTD Gain in Key Mining Stocks

Indonesia

PT Timah (Persero) Tbk operates tin mines on Indonesian islands such as Bangka and Karimun, and coastal areas of Sumatra. The Company, through its subsidiaries, also provides consultancy, shipping dockyard and workshop, transportation, exploration, and research and development services.

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Timah Persero (TINS IJ)

Stay Bullish Commodities; Despite Feb Pause

Our Recommendation – Stay Overweight Commodities: We forecast the bullish trends in Commodity pricing, which has been underway since 1Q16, to...

Charles Spencer

Average 19% YTD Gain in Key Mining Stocks

SGX lists four stocks mining industrial minerals including tantalite, phosphate, limestone and marble, four coal mining stocks and three gold...

Singapore Exchange Ltd (SGX)

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52-week Range

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