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 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

<ul><li>Huationg Global CEO increases interest to 7.75% Olam Group bought back a total of three million shares at S$1.13 apiece over the four sessions.</li><li>Ng also maintained a 68.7 per cent deemed interest in Huationg Global by virtue of his 25 per cent shareholding interest in Dandelion Capital, which is the immediate and ultimate holding company of Huationg.</li></ul>

Huationg Global CEO increases interest to 7.75% Olam Group bought back a total of three million shares at S$1.13 apiece over the four sessions.Ng also maintained a 68.7 per cent deemed interest in Huationg Global by virtue of his 25 per cent shareholding interest in Dandelion Capital, which is the immediate and ultimate holding company of Huationg.

Huationg Global CEO increases interest to 7.75%

<ul><li>CapitaLand Investment again led the buyback consideration tally, buying back 5 million shares at an average price of S$2.92 per share on Jan 26.</li><li>It also led the share buyback consideration tally in January, followed by Yangzijiang Financial Holding, Singapore Technologies Engineering, Venture Corporation and OUE.</li><li>Aside from Jardine Matheson Holdings, ComfortDelGro also ranked among the 10 stocks that booked the highest net institutional inflow in January.</li></ul>

CapitaLand Investment again led the buyback consideration tally, buying back 5 million shares at an average price of S$2.92 per share on Jan 26.It also led the share buyback consideration tally in January, followed by Yangzijiang Financial Holding, Singapore Technologies Engineering, Venture Corporation and OUE.Aside from Jardine Matheson Holdings, ComfortDelGro also ranked among the 10 stocks that booked the highest net institutional inflow in January.

Silchester takes ComfortDelGro stake above 7%

Yangzijiang Financial Holding / Equity Bottom-Up

<ul><li>Managing director of Swensen’s ABR Holdings adds to his stake CapitaLand Investment again led the buyback consideration tally, buying back 11,965,200 shares at an average price of S$2.94 per share over the five sessions.</li><li>On Jan 19, ABR Holdings managing director Ang Yee Lim acquired 175,300 shares of the company for a consideration of S$83,432 at an average price of S$0.476 per share.</li></ul>

Managing director of Swensen’s ABR Holdings adds to his stake CapitaLand Investment again led the buyback consideration tally, buying back 11,965,200 shares at an average price of S$2.94 per share over the five sessions.On Jan 19, ABR Holdings managing director Ang Yee Lim acquired 175,300 shares of the company for a consideration of S$83,432 at an average price of S$0.476 per share.

Managing director of Swensen’s ABR Holdings adds to his stake

<ul><li>While Singapore's exports have lagged behind Taiwan and Korea in Nov-Dec 2023, they have showed signs of recovery after a year of steep drops.</li><li>External factors also affect the prospects of the iEdge SG Advanced Manufacturing Index's most traded stocks.</li><li>Some of the most traded index stocks, such as Yangzijiang Shipbuilding, Dyna-Mac and Food Empire, have high P/B ratios compared to their historical averages, indicating strong market valuation.</li></ul>

While Singapore's exports have lagged behind Taiwan and Korea in Nov-Dec 2023, they have showed signs of recovery after a year of steep drops.External factors also affect the prospects of the iEdge SG Advanced Manufacturing Index's most traded stocks.Some of the most traded index stocks, such as Yangzijiang Shipbuilding, Dyna-Mac and Food Empire, have high P/B ratios compared to their historical averages, indicating strong market valuation.

Taking Stock of Singapore’s Trade Contraction in 2023 

Singapore

UMS Holdings Limited provides equipment manufacturing and engineering services to Original Equipment Manufacturers (OEMs) of semiconductors and related products. The Company manufactures high precision components and complex electromechanical assembly and final testing services. UMS supports the electronic, machine tools and oil and gas industries.

Micro-Mechanics Holdings Limited designs and manufactures precision tools.  The Company also provides effective solutions and total support services to its customers.

Global Testing Corporation Ltd. offers testing services for the semiconductor manufacturing industry.  The Company offers wafer sorting and final testing services for logic and mixed signal semiconductors used in consumer electronics and communications devices.

Ellipsiz Ltd. offers products and services to the semiconductor industry. The Company manufactures probe cards used to test semiconductor wafers, and provides wafer reclaim services, equipment distribution and support services for the semiconductor and electronics manufacturing services (EMS) industries.

Sunright Limited provides management services and research and development in burn-in and test-related activities. The Company also manufactures burn-in equipment and substrates, assembles electronic, and electrical components, as well as provides semiconductor testing services.  In addition, Sunright trades and distributes high-technology electronic products.

Advanced Systems Automation Limited designs and manufactures automatic molding machines and other back-end assembly equipment for the semiconductor industry. The Company also manufactures precision tools, dies, and encapsulation molds, and provides wafer bumping services and packaging technology consulting.

Asia Vets Holdings Ltd. assembles integrated circuits.  The Company assembles and tests smart card modules, and loads onto them customer specific data or software.  Smartflex produces smart cards for the telecommunications, banking, financial services, and pay television industries.

Manufacturing Integration Technology Limited designs, develops, manufactures, and distributes automated equipment for the semiconductor industry.  The Company also designs and manufactures vision inspection system and precision engineering.

Manufacturing Integration Technology (MIT SP)

IGG Inc. is an online games developer and operator. The Company offers multi-language browser games, client-based games and mobile games to players globally.

Motech Industries Inc. manufactures and markets solar cells as well as testing and measuring instruments.

Winstek Semiconductor Co Ltd provides wafer and IC (Integrated Circuit) testing services for mixed signal, digital, optical, and radio frequency (RF) devices.

Land Mark Optoelectronics Corporation is a supplier in GaAs and InP based epitaxial wafers for optical communication, industrial application, and special-purpose usage. The Company specializes in using the MOVPE (or MOCVD) reactors for epitaxial growth of compound semiconductor material.

Zhejiang Sunflower Light Energy Science & Technology LLC develops, produces and sells photovoltaic products. The Company manufactures crystalline silicon photovoltaic solar cells, wafers, modules and other related solar energy parts.

E&R Engineering Corporation designs and manufactures machines and packing materials for semiconductors, SMT, IC substrate, LED and passive components. The Company's machines consist of automation equipment, UV lasers, dispensers, printers and plasma chambers. E&R also offers carrier tape and plastic reels.

Gigasolar Materials Corp. manufactures solar conductive paste to provide solar energy.

Genetech Technology Berhad designs and develops both customized and standardized industrial automated equipments for high technology related manufacturing companies. The Company also provides integrated engineering solutions that incorporates mechanical, engineering and software functions.

EGing Photovoltaic Technology Company Ltd. manufactures solar energy equipment. The Company produces mono crystalline and polycrystalline solar modules.  EGing sells its products in Germany, Spain, Italy, the Czech Republic, Australia, South Korea and South Africa.

Seoul Semiconductor Co., Ltd. manufactures parts for electronic products.  The Company's products include light emitting diode (LED) custom display, LED dot matrix, LED back light, photo diode, photo transistor, LED IR lamp, LED display with controller, and LED array.

Holtek Semiconductor Inc. develops and manufactures integrated circuit (IC) products. The Company's products include microcontrollers, and other peripheral devices in the communication, remote control, computer peripheral, and memory industries.

AEM Holdings Limited designs and manufactures semiconductor manufacturing equipment and related tooling parts and precision machining of components for semiconductor industry.  The Company also manufactures and distributes electronics, engineering, chemical and related products. AEM provides engineering services.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

AEM (AEM SP)

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)

Huationg Global CEO increases interest to 7.75%

Huationg Global CEO increases interest to 7.75% Olam Group bought back a total of three million shares at S$1.13 apiece over the four sessions. Ng...

Singapore Exchange Ltd (SGX)

Silchester takes ComfortDelGro stake above 7%

CapitaLand Investment again led the buyback consideration tally, buying back 5 million shares at an average price of S$2.92 per share on Jan...

Singapore Exchange Ltd (SGX)

Managing director of Swensen’s ABR Holdings adds to his stake

Managing director of Swensen’s ABR Holdings adds to his stake CapitaLand Investment again led the buyback consideration tally, buying back...

Singapore Exchange Ltd (SGX)

Taking Stock of Singapore’s Trade Contraction in 2023

While Singapore's exports have lagged behind Taiwan and Korea in Nov-Dec 2023, they have showed signs of recovery after a year of steep...

Singapore Exchange Ltd (SGX)

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)