Private Wealth Management and Asset Management., FPA Financial

FPA Financial

Private Wealth Management and Asset Management.

FPA Financial is an independent and boutique financial firm specializing in private wealth management and asset management.

Thematic (Sector/Industry)

<ul><li>Singapore’s luxury goods sector remains supported by a combination of cyclical recovery and structural growth drivers.</li><li>While global luxury demand has softened, the outlook for Singapore continues to stand out, underpinned by resilient tourism inflows and a rapidly expanding UHNW population.</li><li>Recent data also points to sustained strength in luxury consumption, with sales of watches and jewellery rising by 6.2% y-o-y in March, outperforming total retail sales growth of 4.8% y-o-y. </li></ul>

Singapore’s luxury goods sector remains supported by a combination of cyclical recovery and structural growth drivers.While global luxury demand has softened, the outlook for Singapore continues to stand out, underpinned by resilient tourism inflows and a rapidly expanding UHNW population.Recent data also points to sustained strength in luxury consumption, with sales of watches and jewellery rising by 6.2% y-o-y in March, outperforming total retail sales growth of 4.8% y-o-y. 

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>Institutions net bought Industrials, Real Estate, Telecommunications, Consumer Cyclicals, Technology, Consumer Non-Cyclicals, and Materials & Resources sectors on SGX.</li><li>Valuemax Group's 34.8 million share block trade broadened institutional ownership, with a 6.5% discount to closing price.</li><li>Marco Polo Marine's S$21 million placement aims for fleet expansion and liquidity improvement, with a premium to NTA.</li></ul>

Institutions net bought Industrials, Real Estate, Telecommunications, Consumer Cyclicals, Technology, Consumer Non-Cyclicals, and Materials & Resources sectors on SGX.Valuemax Group's 34.8 million share block trade broadened institutional ownership, with a 6.5% discount to closing price.Marco Polo Marine's S$21 million placement aims for fleet expansion and liquidity improvement, with a premium to NTA.

Liquidity & Capital: Institutional Participation Continues to Broaden across SGX

<ul><li>January saw S$17 million net institutional outflows in Singapore-listed Consumer Cyclical stocks, with MoneyMax, ValueMax, and Aspial Lifestyle drawing S$8.5 million inflows.</li><li>MoneyMax led with S$4.0 million inflow, 53% share price surge, and applied to transfer from Catalist to Mainboard.</li><li>ValueMax and Aspial Lifestyle recorded S$2.7 million and S$1.8 million inflows, with 18% and 30% price gains respectively.</li></ul>

January saw S$17 million net institutional outflows in Singapore-listed Consumer Cyclical stocks, with MoneyMax, ValueMax, and Aspial Lifestyle drawing S$8.5 million inflows.MoneyMax led with S$4.0 million inflow, 53% share price surge, and applied to transfer from Catalist to Mainboard.ValueMax and Aspial Lifestyle recorded S$2.7 million and S$1.8 million inflows, with 18% and 30% price gains respectively.

Trio of Gold‑Linked Financial Retailers Topped January Consumer‑Cyclical Inflows

<ul><li>Director filings and buyback momentum return Singapore Technologies Engineering (ST Engg) led the buyback consideration tally, repurchasing 500,000 shares at an average price of S$3.97 each on Feb 29.</li><li>On Feb 26, LHT Holdings managing director Yap Mui Kee acquired 61,000 shares at an average price of S$1.05 per share.</li></ul>

Director filings and buyback momentum return Singapore Technologies Engineering (ST Engg) led the buyback consideration tally, repurchasing 500,000 shares at an average price of S$3.97 each on Feb 29.On Feb 26, LHT Holdings managing director Yap Mui Kee acquired 61,000 shares at an average price of S$1.05 per share.

Director filings and buyback momentum return

Singapore

ValueMax Group provides pawnbroking and moneylending services, alongside the retail and trading of pre-owned jewelry and gold. They offer collateralized loans against valuables like jewelry, gold, and watches, as well as secured and unsecured loans for businesses and the automotive industry. The company also sells new and pre-owned jewelry, gold, watches, and luxury bags. Headquartered in Singapore, the group established its first pawnbroking outlet in 1988.

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ValueMax Group (VMAX SP)

Singapore Luxury Goods Market View

Singapore’s luxury goods sector remains supported by a combination of cyclical recovery and structural growth drivers. While global luxury demand...

FPA Financial

Liquidity & Capital: Institutional Participation Continues to Broaden across SGX

Institutions net bought Industrials, Real Estate, Telecommunications, Consumer Cyclicals, Technology, Consumer Non-Cyclicals, and Materials &...

Singapore Exchange Ltd (SGX)

Trio of Gold‑Linked Financial Retailers Topped January Consumer‑Cyclical Inflows

January saw S$17 million net institutional outflows in Singapore-listed Consumer Cyclical stocks, with MoneyMax, ValueMax, and Aspial Lifestyle...

Singapore Exchange Ltd (SGX)

Director filings and buyback momentum return

Director filings and buyback momentum return Singapore Technologies Engineering (ST Engg) led the buyback consideration tally, repurchasing...

Singapore Exchange Ltd (SGX)

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Market Cap (USDm)

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