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.

Thematic (Sector/Industry)

<ul><li>Of the actively traded stocks listed on SGX, Singapore Medical Group saw the biggest jump in volume in August compared to its three-month average volume. The stock also gained 91.4% in August and earlier in the month reported a turnaround net profit of S$0.8 million for 1H2016 compared to a net loss of S$0.1 million in 1H2015.</li></ul><ul><li>
Consumer Staples plays, Sheng Siong Group and Dairy Farm International Holdings were also amongst the 10 actively traded stocks that saw the biggest jump in August volume.…</li></ul>

Of the actively traded stocks listed on SGX, Singapore Medical Group saw the biggest jump in volume in August compared to its three-month average volume. The stock also gained 91.4% in August and earlier in the month reported a turnaround net profit of S$0.8 million for 1H2016 compared to a net loss of S$0.1 million in 1H2015.
Consumer Staples plays, Sheng Siong Group and Dairy Farm International Holdings were also amongst the 10 actively traded stocks that saw the biggest jump in August volume.…

10 Biggest Volume Jumpers in August Spanned Seven Sectors

Asean-focused. Ex-Head of Thai Research

Athaporn Arayasantiparb, CFA

Equity Bottom-Up

Samui Airport Property Fund / Equity Bottom-Up

Thailand accounts for almost half the ASEAN tourism receipts, but further expansion at AOT's key Suvanabhummi Airport will be slow due to the civil servant's culture still looming at large. We prefer to look at Samui Airports (SPF), a monopoly at one of Thailand's hottest tourist spot controlled by a much more expensive parent company Bangkok Airways (BA).In the airline space, check out Asia Aviation (AAV), which operates Air Asia in Thailand. The company is revolutionizing Thai airline industry, having grown low-cost travel tenfolds over the last decade and marginalizing legacy flag carrier Thai Airways (THAI). Also, we suspect Tony Fernandes has grand design of building his own airports in Thailand. Scroll down and find out: 1) why we sold BA, a really well run boutique airline; 2) why AAV is the only Thai-based airline stock being closely watched for potential investment at MCorp Review; and 3) what we think about the King Power deal with AAV.

Thailand accounts for almost half the ASEAN tourism receipts, but further expansion at AOT's key Suvanabhummi Airport will be slow due to the civil servant's culture still looming at large. We prefer to look at Samui Airports (SPF), a monopoly at one of Thailand's hottest tourist spot controlled by a much more expensive parent company Bangkok Airways (BA).In the airline space, check out Asia Aviation (AAV), which operates Air Asia in Thailand. The company is revolutionizing Thai airline industry, having grown low-cost travel tenfolds over the last decade and marginalizing legacy flag carrier Thai Airways (THAI). Also, we suspect Tony Fernandes has grand design of building his own airports in Thailand. Scroll down and find out: 1) why we sold BA, a really well run boutique airline; 2) why AAV is the only Thai-based airline stock being closely watched for potential investment at MCorp Review; and 3) what we think about the King Power deal with AAV.

Aviators & Airports: The Ongoing Revolution

Bespoke Research on China and neighbouring regions, Bixmoor

Bixmoor

Bespoke Research on China and neighbouring regions

Bixmoor specialises in providing bespoke research to business, governments and the financial community on China and neighbouring regions. We seek to build long-term relationships with our clients, based on our expertise, our reliability and our determination to find the right solution.

Many companies that had previously been big investors in Chinese manufacturing plants are now considering their options. An increasing number argue that the ASEAN countries have a lot to offer, particularly with the removal of tariff barriers.

Many companies that had previously been big investors in Chinese manufacturing plants are now considering their options. An increasing number argue that the ASEAN countries have a lot to offer, particularly with the removal of tariff barriers.

Portfolio Manager

Kenton Leo

Kelusa Asia Focus Funds

<ul><li><a href="https://www.smartkarma.com/entities/107" target="_blank" data-smartkarma-citation="entities:107">Hotel Shilla</a> is about to see both a sharp cyclical and structural downturn in its business.</li><li>As a result, expect to see sharp operating deleverage.</li><li>This means earnings will have to be revised down by 50% - 60%.</li><li>The stock is trading at 35x 2016 PE instead of the 16x that consensus estimates imply.</li></ul>

Hotel Shilla is about to see both a sharp cyclical and structural downturn in its business.As a result, expect to see sharp operating deleverage.This means earnings will have to be revised down by 50% - 60%.The stock is trading at 35x 2016 PE instead of the 16x that consensus estimates imply.

Hotel Shilla: Entering a Cyclical And Structural Downturn

Asian Insight Provider - Actionable ideas, CrossASEAN Research

Henry Soediarko

Asian Insight Provider - Actionable ideas

CrossASEAN Research

At CrossASEAN Research we strive to produce unbiased and differentiated on the ground insights on companies across South East Asia. Our Research is produced for the most part after face to face meetings and conversations with company management to dig deep into the long term vision and strategy of the companies we cover. We seek to deliver investable and actionable themes on sectors and markets across SE Asia, often in collaboration with other Insight Providers across the region, pooling the vast experience of the analysts within the Smartkarma Ecosystem. We also offer bespoke work and tailor made trips for our clients. 

Insights across South East Asia

<ul>
<li>The Chinese government and the destination countries have publicly stated that they can visit each other.</li>
<li>Higher ridership is the main result of this theme while consumption could also accelerate but on-the-ground research has proven Chinese tourists are not there yet. </li>
<li>
<a href="https://www.smartkarma.com/entities/keisei-electric-railway-co" target="_blank" data-smartkarma-citation="entities:10876:1" rel="noopener">Keisei Electric Railway Co (9009 JP)</a> , <a href="https://www.smartkarma.com/entities/comfortdelgro-corp-ltd" target="_blank" data-smartkarma-citation="entities:497:1" rel="noopener">Comfortdelgro Corp (CD SP)</a> , <a href="https://www.smartkarma.com/entities/airports-of-thailand-pcl" target="_blank" data-smartkarma-citation="entities:239:1" rel="noopener">Airports of Thailand (AOT TB)</a> and <a href="https://www.smartkarma.com/entities/mtr-corp" target="_blank" data-smartkarma-citation="entities:13289:1" rel="noopener">MTR Corp (66 HK)</a> are the main transport beneficiaries.</li>
</ul>


The Chinese government and the destination countries have publicly stated that they can visit each other.
Higher ridership is the main result of this theme while consumption could also accelerate but on-the-ground research has proven Chinese tourists are not there yet. 

Keisei Electric Railway Co (9009 JP) , Comfortdelgro Corp (CD SP) , Airports of Thailand (AOT TB) and MTR Corp (66 HK) are the main transport beneficiaries.


Thailand

Airports of Thailand Public Company Ltd. operates the Bangkok International Airport (Don Muang) and the New Bangkok International Airport (Suvarnabhumi).. The Company also operates provincial airports in Chiang Mai, Chiang Rai, Hat Yai, and Phuket.

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Airports of Thailand (AOT TB)

10 Biggest Volume Jumpers in August Spanned Seven Sectors

Of the actively traded stocks listed on SGX, Singapore Medical Group saw the biggest jump in volume in August compared to its three-month average...

Singapore Exchange Ltd (SGX)

Aviators & Airports: The Ongoing Revolution

Thailand accounts for almost half the ASEAN tourism receipts, but further expansion at AOT's key Suvanabhummi Airport will be slow due to the civil...

Athaporn Arayasantiparb, CFA

China or ASEAN? - You Choose

Many companies that had previously been big investors in Chinese manufacturing plants are now considering their options. An increasing number argue...

Bixmoor

Hotel Shilla: Entering a Cyclical And Structural Downturn

Hotel Shilla is about to see both a sharp cyclical and structural downturn in its business. As a result, expect to see sharp operating...

Kenton Leo

China Tourists Coming Back: Transport

Chinese tourists are permitted to travel overseas and the destination countries are prepared to welcome them but they are yet to be seen through my...

Henry Soediarko

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