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 were net buyers of Singapore stocks with S$275 million inflow, led by DBS Group and CapitaLand Integrated Commercial Trust.</li><li>Oversea-Chinese Banking Corporation led share buybacks with 1.25 million shares; Hongkong Land increased buyback mandate to US$193 million.</li><li>Wilmar International's chairman increased his stake to 14.39%; Centurion Corporation expanded Malaysian portfolio by 25% with Harum Megah acquisition.</li></ul>

Institutions were net buyers of Singapore stocks with S$275 million inflow, led by DBS Group and CapitaLand Integrated Commercial Trust.Oversea-Chinese Banking Corporation led share buybacks with 1.25 million shares; Hongkong Land increased buyback mandate to US$193 million.Wilmar International's chairman increased his stake to 14.39%; Centurion Corporation expanded Malaysian portfolio by 25% with Harum Megah acquisition.

Wilmar Chair & Centurion Joint Chair Han Seng Juan Up Stakes 

<ul><li>Institutions were net sellers of Singapore stocks with a S$445 million outflow, totaling S$1.99 billion in 2025.</li><li>32 companies conducted share buybacks worth S$205 million, led by DBS Group Holdings with 3 million shares.</li><li>Directors and substantial shareholders filed 28 acquisitions and one disposal, with significant transactions in Wilmar International and Frencken Group.</li></ul>

Institutions were net sellers of Singapore stocks with a S$445 million outflow, totaling S$1.99 billion in 2025.32 companies conducted share buybacks worth S$205 million, led by DBS Group Holdings with 3 million shares.Directors and substantial shareholders filed 28 acquisitions and one disposal, with significant transactions in Wilmar International and Frencken Group.

Surge in Director Acquisitions and Share Buybacks

<ul><li>Singapore stocks recorded S$39 million in net institutional inflows, marking the first net buying since January's last week.</li><li>Industrials and Consumer Non-Cyclicals sectors reversed previous net outflows with significant inflows, led by ST Engineering and Wilmar International.</li><li>ISDN Holdings' share price rose 12.9% after reporting a 72% increase in FY24 attributable net profit.</li></ul>

Singapore stocks recorded S$39 million in net institutional inflows, marking the first net buying since January's last week.Industrials and Consumer Non-Cyclicals sectors reversed previous net outflows with significant inflows, led by ST Engineering and Wilmar International.ISDN Holdings' share price rose 12.9% after reporting a 72% increase in FY24 attributable net profit.

Institutional Investors Book Highest Net Weekly Inflows Since December

<ul><li>Institutions were net sellers of Singapore stocks, with a net outflow of S$265 million from Feb 21-27, 2025.</li><li>DBS Group Holdings led share buybacks with 350,000 shares at S$46.73 each; total buybacks amounted to S$31,062,634.</li><li>Wilmar International's FY24 core net profit declined 26% to US$1.16 billion, with sales volume growth in most divisions.</li></ul>

Institutions were net sellers of Singapore stocks, with a net outflow of S$265 million from Feb 21-27, 2025.DBS Group Holdings led share buybacks with 350,000 shares at S$46.73 each; total buybacks amounted to S$31,062,634.Wilmar International's FY24 core net profit declined 26% to US$1.16 billion, with sales volume growth in most divisions.

Buybacks Surge as Earnings Season Nears End

Jardine Matheson Holdings / Equity Bottom-Up

<ul><li>Over the five trading sessions from Nov 15 to 21, institutions were net sellers of Singapore stocks, resulting in a net institutional outflow of S$38 million.</li><li>This marked a slight reversal from the net inflow of S$384 million observed over the five preceding sessions up to Nov 14.</li><li>Stocks that led the net institutional outflow over the five sessions through to Nov 22 were CapitaLand Integrated Commercial Trust, CapitaLand Ascendas REIT, DBS Group Holdings, Yangzijiang Shipbuilding Holdings, Genting Singapore, Mapletree Logistics Trust, Frasers Logistics & Commercial Trust, Keppel DC REIT, Wilmar International and Keppel REIT.</li></ul>

Over the five trading sessions from Nov 15 to 21, institutions were net sellers of Singapore stocks, resulting in a net institutional outflow of S$38 million.This marked a slight reversal from the net inflow of S$384 million observed over the five preceding sessions up to Nov 14.Stocks that led the net institutional outflow over the five sessions through to Nov 22 were CapitaLand Integrated Commercial Trust, CapitaLand Ascendas REIT, DBS Group Holdings, Yangzijiang Shipbuilding Holdings, Genting Singapore, Mapletree Logistics Trust, Frasers Logistics & Commercial Trust, Keppel DC REIT, Wilmar International and Keppel REIT.

ABR Holdings managing director continues to grow interest

Singapore

Wilmar International Ltd. is an agribusiness company. The Company is involved in oil palm cultivation, edible oils refining, oilseeds crushing, consumer pack edible oils processing and merchandising, specialty fats, oleochemicals and biodiesel manufacturing, and grains processing and merchandising. Wilmar also manufactures and distributes fertilizers and owns a fleet of vessels.

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Wilmar International (WIL SP)

Wilmar Chair & Centurion Joint Chair Han Seng Juan Up Stakes

Institutions were net buyers of Singapore stocks with S$275 million inflow, led by DBS Group and CapitaLand Integrated Commercial...

Singapore Exchange Ltd (SGX)

Institutional Investors Book Highest Net Weekly Inflows Since December

Singapore stocks recorded S$39 million in net institutional inflows, marking the first net buying since January's last week. Industrials and...

Singapore Exchange Ltd (SGX)

Buybacks Surge as Earnings Season Nears End

Institutions were net sellers of Singapore stocks, with a net outflow of S$265 million from Feb 21-27, 2025. DBS Group Holdings led share buybacks...

Singapore Exchange Ltd (SGX)

ABR Holdings managing director continues to grow interest

Over the five trading sessions from Nov 15 to 21, institutions were net sellers of Singapore stocks, resulting in a net institutional outflow of...

Singapore Exchange Ltd (SGX)

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Wilmar Chair & Centurion Joint Chair Han Seng Juan Up Stakes

Institutions were net buyers of Singapore stocks with S$275 million inflow, led by DBS Group and CapitaLand Integrated Commercial...

Singapore Exchange Ltd (SGX)

Surge in Director Acquisitions and Share Buybacks

Institutions were net sellers of Singapore stocks with a S$445 million outflow, totaling S$1.99 billion in 2025. 32 companies conducted share...

Singapore Exchange Ltd (SGX)

Institutional Investors Book Highest Net Weekly Inflows Since December

Singapore stocks recorded S$39 million in net institutional inflows, marking the first net buying since January's last week. Industrials and...

Singapore Exchange Ltd (SGX)

Buybacks Surge as Earnings Season Nears End

Institutions were net sellers of Singapore stocks, with a net outflow of S$265 million from Feb 21-27, 2025. DBS Group Holdings led share buybacks...

Singapore Exchange Ltd (SGX)

ABR Holdings managing director continues to grow interest

Over the five trading sessions from Nov 15 to 21, institutions were net sellers of Singapore stocks, resulting in a net institutional outflow of...

Singapore Exchange Ltd (SGX)