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.

Asia’s leading multi-asset exchange

SGX Market Strategist, Equity & Fixed Income, Singapore Exchange Ltd (SGX)

Geoff Howie

SGX Market Strategist, Equity & Fixed Income

Equity Bottom-Up

<figure>
 <img src='https://api2.sgx.com/sites/default/files/2021-12/S-reit%20performances%20in%202021.JPG' alt='2021 S-REITs Year End Wrap' />
 </figure>
 <div class='content-caption'>2021 S-REITs Year End Wrap</div>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" "http://www.w3.org/TR/REC-html40/loose.dtd">
<html><body>
WITH two more trading weeks left for the year, the benchmark Straits Times Index has gained 13 per cent in total returns in 2021 to date (as at Dec 15, 2021). All sectors in the Singapore market have yielded positive total returns led by the energy (63 per cent), financials (30 per cent) and technology (29 per cent) sectors.

In 2021 to date, S-Reits have generated 6 per cent total returns, after returning -0.7 per cent the year before. Within S-Reits, the 3 best performing sub-industries are healthcare Reits (35.8 per cent), office Reits (10.1 per cent) and retail Reits (9.6 per cent).

Retail investors have been a key driver in S-Reits' fund flow activities over the last 11 months, accumulating net retail inflows of S$1.1 billion while institutional investors have seen net outflows of S$860 million for the sector.

2021 also saw S-Reits pick up on asset acquisitions with total purchase considerations exceeding S$11 billion across 11 months.

Several acquisitions include maiden forays and expanded mandates into new geographic and industry segments.

First Reit, the best performing S-Reit in the year to date with 56.6 per cent total returns, announced its new First Reit 2.0 Growth Strategy following its corporate restructuring. The Reit also recently announced the proposed acquisition of 12 nursing homes in Japan from its sponsor, OUE Lippo Healthcare, for S$163.5 million.

2021 also welcomed two new S-Reit listings Daiwa House Logistics Trust and Digital Core Reit, further entrenching the sector's geographical and segmental diversification. Daiwa House Logistics Trust, with an IPO portfolio of 14 logistics properties in Japan, is the only S-Reit with pure Japanese assets. Digital Core Reit is a pure-play data centre Reit with an IPO portfolio of 10 institutional quality freehold data centres located in the United States. Following the listings, there are now a total of 44 listed S-Reits &amp; property trusts with a combined market capitalisation exceeding S$110 billion.

REIT Watch is a weekly column on The Business Times, <a href="https://www.businesstimes.com.sg/companies-markets/s-reits-generate-6-total-returns-in-2021-to-date">read</a> the original version.
</body></html>


      
    
    2021 S-REITs Year End Wrap


WITH two more trading weeks left for the year, the benchmark Straits Times Index has gained 13 per cent in total returns in 2021 to date (as at Dec 15, 2021). All sectors in the Singapore market have yielded positive total returns led by the energy (63 per cent), financials (30 per cent) and technology (29 per cent) sectors.

In 2021 to date, S-Reits have generated 6 per cent total returns, after returning -0.7 per cent the year before. Within S-Reits, the 3 best performing sub-industries are healthcare Reits (35.8 per cent), office Reits (10.1 per cent) and retail Reits (9.6 per cent).

Retail investors have been a key driver in S-Reits' fund flow activities over the last 11 months, accumulating net retail inflows of S$1.1 billion while institutional investors have seen net outflows of S$860 million for the sector.

2021 also saw S-Reits pick up on asset acquisitions with total purchase considerations exceeding S$11 billion across 11 months.

Several acquisitions include maiden forays and expanded mandates into new geographic and industry segments.

First Reit, the best performing S-Reit in the year to date with 56.6 per cent total returns, announced its new First Reit 2.0 Growth Strategy following its corporate restructuring. The Reit also recently announced the proposed acquisition of 12 nursing homes in Japan from its sponsor, OUE Lippo Healthcare, for S$163.5 million.

2021 also welcomed two new S-Reit listings Daiwa House Logistics Trust and Digital Core Reit, further entrenching the sector's geographical and segmental diversification. Daiwa House Logistics Trust, with an IPO portfolio of 14 logistics properties in Japan, is the only S-Reit with pure Japanese assets. Digital Core Reit is a pure-play data centre Reit with an IPO portfolio of 10 institutional quality freehold data centres located in the United States. Following the listings, there are now a total of 44 listed S-Reits &amp; property trusts with a combined market capitalisation exceeding S$110 billion.

REIT Watch is a weekly column on The Business Times, read the original version.



First REIT

REIT Watch - 2021 S-REITs Year End Wrap