Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

Mapletree Pan Asia Commercial Trust / Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/mapletree-commercial-trust" target="_blank" data-smartkarma-citation="entities:106:1" rel="noopener">Mapletree Commercial Trust (MCT SP)</a> and <a href="https://www.smartkarma.com/entities/mapletree-north-asia-commercial-trust" target="_blank" data-smartkarma-citation="entities:5127:1" rel="noopener">Mapletree North Asia Commercial Trust (MAGIC SP)</a> announced their prospective merger on Friday. </li>
<li>The merger ratio provides an uplift to already strong recent relative performance for MAGIC holders, and strong pro-forma NAV and DPU accretion for MCT holders. </li>
<li>And it means a lot of flow. Lots and lots of flow. </li>
</ul>



Mapletree Commercial Trust (MCT SP) and Mapletree North Asia Commercial Trust (MAGIC SP) announced their prospective merger on Friday. 
The merger ratio provides an uplift to already strong recent relative performance for MAGIC holders, and strong pro-forma NAV and DPU accretion for MCT holders. 
And it means a lot of flow. Lots and lots of flow. 


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

Yangzijiang Shipbuilding / Equity Bottom-Up

<ul><li>Institutions were net sellers of Singapore stocks over the five trading sessions to Aug 1, with S$115 million of net institutional outflow, following the similar pace of S$95 million of net outflow for the preceding five sessions to Jul 26.</li><li>The five sessions to Aug 1 also saw 11 primary-listed companies conduct buybacks with a total consideration of S$6.4 million.</li><li>For context, in FY2023 and FY2022, the net profit attributable to shareholders came to S$8.3 million and $13.4 million, respectively.</li></ul>

Institutions were net sellers of Singapore stocks over the five trading sessions to Aug 1, with S$115 million of net institutional outflow, following the similar pace of S$95 million of net outflow for the preceding five sessions to Jul 26.The five sessions to Aug 1 also saw 11 primary-listed companies conduct buybacks with a total consideration of S$6.4 million.For context, in FY2023 and FY2022, the net profit attributable to shareholders came to S$8.3 million and $13.4 million, respectively.

Mapletree Logistics Trust chairman increases interest at S$1.31 per unit

<ul><li>Institutions were net sellers of Singapore stocks over the five trading sessions through to Jun 6, with S$106.8 million of net institutional outflow, as 17 primary-listed companies conducted buybacks with a total consideration of S$55.8 million.</li><li>Leading the net institutional outflow over the five sessions were City Developments Ltd, Seatrium, Mapletree Logistics Trust, Mapletree Pan Asia Commercial Trust, Genting Singapore , Jardine Cycle & Carriage, NetLink NBN Trust, Golden Agri-Resources, Venture Corporation and Raffles Medical Group.</li><li>With a consideration of S$315,000, this increased his total interest in the regional premium real estate group from 74.86 to 74.97 per cent.</li></ul>

Institutions were net sellers of Singapore stocks over the five trading sessions through to Jun 6, with S$106.8 million of net institutional outflow, as 17 primary-listed companies conducted buybacks with a total consideration of S$55.8 million.Leading the net institutional outflow over the five sessions were City Developments Ltd, Seatrium, Mapletree Logistics Trust, Mapletree Pan Asia Commercial Trust, Genting Singapore , Jardine Cycle & Carriage, NetLink NBN Trust, Golden Agri-Resources, Venture Corporation and Raffles Medical Group.With a consideration of S$315,000, this increased his total interest in the regional premium real estate group from 74.86 to 74.97 per cent.

Real estate directors building up their company stakes

Mapletree Pan Asia Commercial Trust / Equity Bottom-Up

<ul><li>Softer US inflation data that came out the past week fuelled expectations of rate cuts once more.</li><li>The US consumer price index increased 0.3 per cent from March to April but was lower than what markets were expecting.</li><li>The iEdge S-Reit Index also rallied on Thursday, gaining 2 per cent.</li></ul>

Softer US inflation data that came out the past week fuelled expectations of rate cuts once more.The US consumer price index increased 0.3 per cent from March to April but was lower than what markets were expecting.The iEdge S-Reit Index also rallied on Thursday, gaining 2 per cent.

REIT Watch - Retail flows remain cautiously optimistic for S-Reits

<ul><li>Institutions were net sellers of Singapore stocks over the five trading sessions through to May 16, with S$28.5 million of net institutional outflow, as 25 primary-listed companies conducted buybacks with a total consideration of S$32.5 million.</li><li>Leading the net institutional outflow over the five sessions were Seatrium, UMS Holdings, Singapore Airlines, Mapletree Logistics Trust, Wilmar International, DBS, AEM Holdings, Jardine Matheson Holdings, Jardine Cycle & Carriage and City Developments.</li><li>Between May 9 and 15, Raffles Medical Group executive chairman Loo Choon Yong acquired 2.6 million shares at an average price of S$1.03 per share.</li></ul>

Institutions were net sellers of Singapore stocks over the five trading sessions through to May 16, with S$28.5 million of net institutional outflow, as 25 primary-listed companies conducted buybacks with a total consideration of S$32.5 million.Leading the net institutional outflow over the five sessions were Seatrium, UMS Holdings, Singapore Airlines, Mapletree Logistics Trust, Wilmar International, DBS, AEM Holdings, Jardine Matheson Holdings, Jardine Cycle & Carriage and City Developments.Between May 9 and 15, Raffles Medical Group executive chairman Loo Choon Yong acquired 2.6 million shares at an average price of S$1.03 per share.

Wilmar and Raffles Medical chairmen continue buying spree

Singapore

Mapletree Logistics Trust is an Asia-focused logistics real estate investment trust. The Company invests in a diversified portfolio of income-producing real estate which is used for logistics purposes.

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Mapletree Logistics Trust (MLT SP)

Mapletree Mega-Merger Means MCT Markup

The proposed Mapletree Commercial Trust and Mapletree North Asian Commercial Trust combination creates a Top 10 Asian REIT and one of Singapore's...

Travis Lundy

Mapletree Logistics Trust chairman increases interest at S$1.31 per unit

Institutions were net sellers of Singapore stocks over the five trading sessions to Aug 1, with S$115 million of net institutional outflow,...

Singapore Exchange Ltd (SGX)

Real estate directors building up their company stakes

Institutions were net sellers of Singapore stocks over the five trading sessions through to Jun 6, with S$106.8 million of net institutional...

Singapore Exchange Ltd (SGX)

REIT Watch - Retail flows remain cautiously optimistic for S-Reits

Softer US inflation data that came out the past week fuelled expectations of rate cuts once more. The US consumer price index increased 0.3 per...

Singapore Exchange Ltd (SGX)

Wilmar and Raffles Medical chairmen continue buying spree

Institutions were net sellers of Singapore stocks over the five trading sessions through to May 16, with S$28.5 million of net institutional...

Singapore Exchange Ltd (SGX)

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