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>Institutional net selling reached S$900 million, with STI banks contributing four-fifths of the outflow, while 93 SMIDs saw S$113 million inflow.</li><li>AEM Holdings led net inflows at S$61 million, with technology accounting for 70% of inflow value, spanning multiple sectors.</li><li>Among 35 NIF+ stocks, 13 showed positive EPS growth and higher ROE, recording 6.1 bps median inflow.</li></ul>

Institutional net selling reached S$900 million, with STI banks contributing four-fifths of the outflow, while 93 SMIDs saw S$113 million inflow.AEM Holdings led net inflows at S$61 million, with technology accounting for 70% of inflow value, spanning multiple sectors.Among 35 NIF+ stocks, 13 showed positive EPS growth and higher ROE, recording 6.1 bps median inflow.

90+ SMIDs Draw Institutional Buying Amid Bank-Led Outflows

Singapore Market Roundup, Singapore Market Roundup

Singapore Market Roundup

Thematic (Sector/Industry)

<ul><li>DBS and PhillipCapital keep 'buy' on Elite UK REIT after 1HFY2026 results.</li><li>Lim &amp; Tan starts coverage on Sasseur REIT, targeting a price of 91 cents.</li><li>DBS and CGSI boost YZJ Shipbuilding targets after record earnings and high margins.</li></ul>

DBS and PhillipCapital keep 'buy' on Elite UK REIT after 1HFY2026 results.Lim &amp; Tan starts coverage on Sasseur REIT, targeting a price of 91 cents.DBS and CGSI boost YZJ Shipbuilding targets after record earnings and high margins.

Singapore Market Roundup (11-Aug-2026): DBS, PhillipCapital maintain 'buy' on Elite UK REIT post

<ul><li>City Developments recorded S$237M net institutional buying, while Advanced Holdings led by percentage with S$6.6M, 54% of market cap.</li><li>LHT Holdings saw S$9.5M net institutional buying, 19% of market cap, with DH Cornerstone Fund acquiring 18.45% interest.</li><li>Institutions net sold S$0.74 billion in 2H25, excluding STI Banks, net buying was S$0.18 billion.</li></ul>

City Developments recorded S$237M net institutional buying, while Advanced Holdings led by percentage with S$6.6M, 54% of market cap.LHT Holdings saw S$9.5M net institutional buying, 19% of market cap, with DH Cornerstone Fund acquiring 18.45% interest.Institutions net sold S$0.74 billion in 2H25, excluding STI Banks, net buying was S$0.18 billion.

Stocks with Largest Institutional Net Buys as % of Market Cap in 2H25

<ul><li>RHB maintains 'neutral' stance on MUST after 1QFY2026 results.</li><li>Maybank and DBS maintain 'buy' rating on Coliwoo after 1HFY2026 results.</li><li>DBS initiates 'buy' on Kimly with a target price of 52 cents, citing growth.</li></ul>

RHB maintains 'neutral' stance on MUST after 1QFY2026 results.Maybank and DBS maintain 'buy' rating on Coliwoo after 1HFY2026 results.DBS initiates 'buy' on Kimly with a target price of 52 cents, citing growth.

Singapore Market Roundup (07-May-2026): RHB keeps 'neutral' stance on MUST post 1QFY2026 results.

<ul><li>Analysts positive on Venture Corp post-1QFY2026; shares up over 11%.</li><li>CGSI keeps 60 cents target price on KIT after $128.1M stake increase in power plant.</li><li>OCBC and CGSI cut MLT target prices, awaiting China portfolio stabilization.</li></ul>

Analysts positive on Venture Corp post-1QFY2026; shares up over 11%.CGSI keeps 60 cents target price on KIT after $128.1M stake increase in power plant.OCBC and CGSI cut MLT target prices, awaiting China portfolio stabilization.

Singapore Market Roundup (06-May-2026): Venture Corp shares rise 11% after positive 1QFY2026

Singapore

Venture Corporation is a leading global provider of technology services, products, and solutions, offering capabilities in research and development, product industrialization, advanced manufacturing, and supply chain management. The company serves diverse technology domains such as life sciences, MedTech, lifestyle and wellness, smart industrial, and next-gen communications. Headquartered in Singapore, Venture Corporation was established in 1989.

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Venture Corporation (VMS SP)

90+ SMIDs Draw Institutional Buying Amid Bank-Led Outflows

Institutional net selling reached S$900 million, with STI banks contributing four-fifths of the outflow, while 93 SMIDs saw S$113 million...

Singapore Exchange Ltd (SGX)

Singapore Market Roundup (11-Aug-2026): DBS, PhillipCapital maintain 'buy' on Elite UK REIT post

DBS and PhillipCapital maintain 'buy' on Elite UK REIT post 1HFY2026 results. Lim & Tan targets 91 cents for Sasseur REIT; DBS and CGSI raise YZJ...

Singapore Market Roundup

Stocks with Largest Institutional Net Buys as % of Market Cap in 2H25

City Developments recorded S$237M net institutional buying, while Advanced Holdings led by percentage with S$6.6M, 54% of market cap. LHT Holdings...

Singapore Exchange Ltd (SGX)

Singapore Market Roundup (07-May-2026): RHB keeps 'neutral' stance on MUST post 1QFY2026 results.

RHB keeps a 'neutral' rating on MUST post-1QFY2026 results, while Maybank and DBS maintain 'buy' on Coliwoo and DBS starts 'buy' on Kimly at 52...

Singapore Market Roundup

Singapore Market Roundup (06-May-2026): Venture Corp shares rise 11% after positive 1QFY2026

Analysts are optimistic about Venture Corp after a strong 1QFY2026, with shares up 11%. CGSI maintains a 60-cent target for KIT amid a power plant...

Singapore Market Roundup

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