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>The STI generated a 2.4% total return over the first 15 weeks of 2023, with 20 gainers, one stock unchanged and nine decliners.</li><li>The five strongest performers of the STI in the YTD included Sembcorp Ind, Keppel Corp, Genting Sing, Keppel DC REIT and Mapletree Log Tr, with the five stocks averaging 22% total returns, while the decliners were led by CityDev, YZJ Shipbldg, ThaiBev, Singtel and HongkongLand, which averaged a 6% decline in total returns.</li><li>Following a 73% total return on S$220 million of net institutional inflow in 2022, Sembcorp Industries has generated a 27% total return on S$90 million of net institutional inflow.</li></ul>

The STI generated a 2.4% total return over the first 15 weeks of 2023, with 20 gainers, one stock unchanged and nine decliners.The five strongest performers of the STI in the YTD included Sembcorp Ind, Keppel Corp, Genting Sing, Keppel DC REIT and Mapletree Log Tr, with the five stocks averaging 22% total returns, while the decliners were led by CityDev, YZJ Shipbldg, ThaiBev, Singtel and HongkongLand, which averaged a 6% decline in total returns.Following a 73% total return on S$220 million of net institutional inflow in 2022, Sembcorp Industries has generated a 27% total return on S$90 million of net institutional inflow.

STI Maintains 2.4% YTD Total Return as GDP Growth Slows 

<ul><li>The past six sessions (10-17 March) have seen the STI trade below 3,200, with a 105-point range for the STI in rangebound choppy trading conditions.</li><li>The six sessions saw the Singapore stock market book net institutional outflows of S$133 million and net retail inflows of S$334 million.</li><li>Over the past six sessions, retail have been net buyers of Singapore stocks, with net retail inflows totaling S$334 million.</li></ul>

The past six sessions (10-17 March) have seen the STI trade below 3,200, with a 105-point range for the STI in rangebound choppy trading conditions.The six sessions saw the Singapore stock market book net institutional outflows of S$133 million and net retail inflows of S$334 million.Over the past six sessions, retail have been net buyers of Singapore stocks, with net retail inflows totaling S$334 million.

Singapore stocks book S$334M Retail inflows as STI trades below 3,200

<ul><li>Sam Goi adds to Envictus and JB Foods stakes For the five trading sessions that spanned Mar 10 to Mar 16, the Straits Times Index declined 8 per cent with the Hang Seng Index declining 3.9 per cent and the FTSE Bursa Malaysia KLCI declining 3.7 per cent.</li><li>On Mar 14, Goi also acquired 41,400 shares of JB Foods : BEW 0% at S$0.52 per share.</li></ul>

Sam Goi adds to Envictus and JB Foods stakes For the five trading sessions that spanned Mar 10 to Mar 16, the Straits Times Index declined 8 per cent with the Hang Seng Index declining 3.9 per cent and the FTSE Bursa Malaysia KLCI declining 3.7 per cent.On Mar 14, Goi also acquired 41,400 shares of JB Foods : BEW 0% at S$0.52 per share.

Sam Goi Adds to Envictus & JB Foods Stakes

<ul><li>In 2022, 86 primary-listed companies on SGX bought back shares with a consideration totalling S 692 billion.</li><li>In Dec, Digital Core REIT Management bought back 10,654,100 units or 0.95 per cent of the units of Digital Core REIT as of its listing date.</li><li>The Straits Times Index (STI) generated an 8.4% total return in 2022, with 86 primary company listings in Singapore conducting S$1.692 billion in combined share buyback consideration.</li></ul>

In 2022, 86 primary-listed companies on SGX bought back shares with a consideration totalling S 692 billion.In Dec, Digital Core REIT Management bought back 10,654,100 units or 0.95 per cent of the units of Digital Core REIT as of its listing date.The Straits Times Index (STI) generated an 8.4% total return in 2022, with 86 primary company listings in Singapore conducting S$1.692 billion in combined share buyback consideration.

Primary-Listed Companies Book S$1.7 Billion in 2022 Buyback Consideration

<ul><li>Close to 300 Singapore-listed stocks have been recipient to net institutional inflows in the 2022 year through to 9 Dec.</li><li>The 20 stocks currently listed for trading that booked the highest net institutional buying over the 49 weeks, were led by Singapore Telecommunications, Overseas Chinese Banking Corporation, Keppel Corporation, City Developments and Sembcorp Marine.</li><li>The 20 stocks contributed 85% of the combined net institutional inflows of the close to 300 stocks recipient of year-to-date net institutional inflows.</li></ul>

Close to 300 Singapore-listed stocks have been recipient to net institutional inflows in the 2022 year through to 9 Dec.The 20 stocks currently listed for trading that booked the highest net institutional buying over the 49 weeks, were led by Singapore Telecommunications, Overseas Chinese Banking Corporation, Keppel Corporation, City Developments and Sembcorp Marine.The 20 stocks contributed 85% of the combined net institutional inflows of the close to 300 stocks recipient of year-to-date net institutional inflows.

20 Stocks with Most Net Insti Inflow Returned 35% YTD

Singapore

Keppel Corporation Limited's core businesses are offshore and marine, infrastructure, property investment and development, telecommunications and transportation, energy, and engineering.

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Keppel Corp (KEP SP)

STI Maintains 2.4% YTD Total Return as GDP Growth Slows

The STI generated a 2.4% total return over the first 15 weeks of 2023, with 20 gainers, one stock unchanged and nine decliners. The five strongest...

Singapore Exchange Ltd (SGX)

Singapore stocks book S$334M Retail inflows as STI trades below 3,200

The past six sessions (10-17 March) have seen the STI trade below 3,200, with a 105-point range for the STI in rangebound choppy trading...

Singapore Exchange Ltd (SGX)

Sam Goi Adds to Envictus & JB Foods Stakes

Sam Goi adds to Envictus and JB Foods stakes For the five trading sessions that spanned Mar 10 to Mar 16, the Straits Times Index declined 8 per...

Singapore Exchange Ltd (SGX)

Primary-Listed Companies Book S$1.7 Billion in 2022 Buyback Consideration

In 2022, 86 primary-listed companies on SGX bought back shares with a consideration totalling S 692 billion. In Dec, Digital Core REIT Management...

Singapore Exchange Ltd (SGX)

20 Stocks with Most Net Insti Inflow Returned 35% YTD

Close to 300 Singapore-listed stocks have been recipient to net institutional inflows in the 2022 year through to 9 Dec. The 20 stocks currently...

Singapore Exchange Ltd (SGX)

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