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>DBS, OCBC and UOB comprise more than 45% of the STI weightage and have averaged 37% total return since the end of 2019, outpacing the STI’s 15% total return over the period.</li><li>For their FY22 (ended 31 Dec), the trio all reported record net profit, with respective FY22 ROEs at 15.0% for DBS, for OCBC and 11.9% for UOB.</li><li>Total FY22 dividend payouts amount to S$2.00 per share (includes special dividend of S$0.50 per share) for DBS, S$0.68 per share for OCBC and S 35 per share for UOB.</li></ul>

DBS, OCBC and UOB comprise more than 45% of the STI weightage and have averaged 37% total return since the end of 2019, outpacing the STI’s 15% total return over the period.For their FY22 (ended 31 Dec), the trio all reported record net profit, with respective FY22 ROEs at 15.0% for DBS, for OCBC and 11.9% for UOB.Total FY22 dividend payouts amount to S$2.00 per share (includes special dividend of S$0.50 per share) for DBS, S$0.68 per share for OCBC and S 35 per share for UOB.

DBS, OCBC & UOB Report Record FY22 Net Profits

<ul><li>Inside Insights - Share buybacks by primary-listed companies OCBC, Singapore Technologies Engineering, Venture Corporation, City Developments and Sembcorp Industries led the net institutional inflow for the five sessions.</li><li>SIA Engineering Company bought back 148,100 shares at an average price of S$2.50 per share while Valuetronics Holdings bought back 320,000 shares at an average price of S$0.54 per share.</li></ul>

Inside Insights - Share buybacks by primary-listed companies OCBC, Singapore Technologies Engineering, Venture Corporation, City Developments and Sembcorp Industries led the net institutional inflow for the five sessions.SIA Engineering Company bought back 148,100 shares at an average price of S$2.50 per share while Valuetronics Holdings bought back 320,000 shares at an average price of S$0.54 per share.

OCBC leads net fund inflows; JB Foods’ Goh Lee Beng increases stake

<ul><li>A-Sonic and Singapore Shipping directors continue with their acquisitions Large caps OCBC, DBS, UOB, Singapore Telecommunications and Wilmar International led the net institutional outflow for the three sessions.</li><li>This included four company director acquisitions with no disposals filed, while substantial shareholders filed one acquisition and three disposals.</li></ul>

A-Sonic and Singapore Shipping directors continue with their acquisitions Large caps OCBC, DBS, UOB, Singapore Telecommunications and Wilmar International led the net institutional outflow for the three sessions.This included four company director acquisitions with no disposals filed, while substantial shareholders filed one acquisition and three disposals.

A-Sonic & Singapore Shipping Directors Continue Acquisitions 

<ul><li>Sean Lee Adds to Marco Polo Marine Stake Overall, institutions were net sellers of Singapore stocks for the five sessions ending Jan 12 with S$96 million of net outflow.</li><li>On Jan 12, Marco Polo Marine Group chief executive officer (CEO) Sean Lee Yun Feng acquired 2.5 million shares of the marine logistic group for a consideration of S$100,000.</li></ul>

Sean Lee Adds to Marco Polo Marine Stake Overall, institutions were net sellers of Singapore stocks for the five sessions ending Jan 12 with S$96 million of net outflow.On Jan 12, Marco Polo Marine Group chief executive officer (CEO) Sean Lee Yun Feng acquired 2.5 million shares of the marine logistic group for a consideration of S$100,000.

CapitaLand Integrated Commercial Trust / Equity Bottom-Up

CapitaLand Integrated Commercial Trust (CICT SP)

<ul><li>In 2022, the STI generated a 4.1% price gain, with dividend distributions boosting the total return to 8.4%.</li><li>This was the strongest stock benchmark performance for the year across the Asia Pacific and Developed Indices, with the FTSE Asia Pacific Index and FTSE Developed Indices respectively declining 16.7% and 18.3% in total return.</li><li>N/A *does not include net institutional flow for MNACT; **price and total return from 14 July 2022; ***2021 total return from 20 September 2021; Source: SGX, Refinitiv, Bloomberg.</li></ul>

In 2022, the STI generated a 4.1% price gain, with dividend distributions boosting the total return to 8.4%.This was the strongest stock benchmark performance for the year across the Asia Pacific and Developed Indices, with the FTSE Asia Pacific Index and FTSE Developed Indices respectively declining 16.7% and 18.3% in total return.N/A *does not include net institutional flow for MNACT; **price and total return from 14 July 2022; ***2021 total return from 20 September 2021; Source: SGX, Refinitiv, Bloomberg.

STI Led Asia Pacific & Developed Stock Benchmarks in 2022

Singapore

United Overseas Bank is a leading Asian bank offering a comprehensive range of financial services across its Group Retail, Group Wholesale Banking, and Global Markets segments. Its offerings include personal, private, commercial, and corporate banking, investment banking, asset management, and insurance services. The bank is headquartered in Singapore and was founded in 1935.

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United Overseas Bank (UOB SP)

DBS, OCBC & UOB Report Record FY22 Net Profits

DBS, OCBC and UOB comprise more than 45% of the STI weightage and have averaged 37% total return since the end of 2019, outpacing the STI’s 15%...

Singapore Exchange Ltd (SGX)

OCBC leads net fund inflows; JB Foods’ Goh Lee Beng increases stake

Inside Insights - Share buybacks by primary-listed companies OCBC, Singapore Technologies Engineering, Venture Corporation, City Developments and...

Singapore Exchange Ltd (SGX)

A-Sonic & Singapore Shipping Directors Continue Acquisitions

A-Sonic and Singapore Shipping directors continue with their acquisitions Large caps OCBC, DBS, UOB, Singapore Telecommunications and Wilmar...

Singapore Exchange Ltd (SGX)

Sean Lee Adds to Marco Polo Marine Stake

Sean Lee Adds to Marco Polo Marine Stake Overall, institutions were net sellers of Singapore stocks for the five sessions ending Jan 12 with S$96...

Singapore Exchange Ltd (SGX)

STI Led Asia Pacific & Developed Stock Benchmarks in 2022

In 2022, the STI generated a 4.1% price gain, with dividend distributions boosting the total return to 8.4%. This was the strongest stock...

Singapore Exchange Ltd (SGX)

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