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

Incorporated in 1887, The Straits Trading Company Limited (Straits Trading) holds stakes in real estate, hospitality, resources and investments across the Asia Pacific region. It owns a 89.5% stake in Straits Real Estate, 21.0% stake in fund manager ARA Asset Management, 30% interest in international hospitality owner and operator Far East Hospitality Holdings, and a 54.8%-owned subsidiary in tin miner and smelter Malaysia Smelting Corporation Berhad.

Incorporated in 1887, The Straits Trading Company Limited (Straits Trading) holds stakes in real estate, hospitality, resources and investments across the Asia Pacific region. It owns a 89.5% stake in Straits Real Estate, 21.0% stake in fund manager ARA Asset Management, 30% interest in international hospitality owner and operator Far East Hospitality Holdings, and a 54.8%-owned subsidiary in tin miner and smelter Malaysia Smelting Corporation Berhad.

10 in 10 –The Straits Trading Company (STRTR SP) - Growth Through Diversification

Partner, River Valley Asset Management

River Valley Asset Management

Partner

Singapore-based boutique asset management firm

River Valley Asset Management is a Singapore-based boutique asset management firm. Our team at RVAM strongly believes in being a trusted steward of our clients' wealth across generations.

Each of our fund managers has years of rich portfolio management experience over multiple market cycles at world-class investment houses. We bring our clients the combined strength of our investment team to manage their financial portfolios and to provide bespoke guidance on all aspects of their financial health.

We offer multi-asset class expert investment advice to accredited investors who are family offices, high net worth individuals and institutional investors to preserve and grow our clients' wealth.

The fund management team of the company includes Homiyar Vasania, Anand Ramachandran and Jamshed Desai.

Cromwell European REIT / Equity Bottom-Up

As we close an eventful 2018, fear and uncertainty seem to rule markets, leaving behind in their wake attractive opportunities for investors to pick and choose. Crystal ball gazers are finding it hard to come up with a cogent narrative for the times ahead as a plethora of unknowns from trade wars to Brexit to slowdown worries present the proverbial Sword of Damocles hanging over many investment decisions. In an environment like this we go back to our core Investment philosophy and look for cashflows that are predictable, with visible cash return to investors and trading at an attractive price. We find many such ideas but some have outlook uncertainty embedded in the price, others have become prisoners of policy uncertainty, but then we found a company that is trading attractively mainly because most investors have not heard of it - <a href="http://www.rivervalleyasset.com/newsletters" target="_blank">River Valley Asset Management's</a> undiscovered Gem of the month. <a href="https://www.smartkarma.com/entities/25889" target="_blank" data-smartkarma-citation="entities:25889:1">Cromwell European Reit (CERT SP)</a> (CERT), listed in Singapore just about a year back, is one such name. The company is an owner of developed market properties across a diversified group of European countries, delivering a stable and growing pool of cashflows most of which flow into the hands of investors, thus providing high visibility to returns. We seem to be in an environment where the market should reward such stability and predictability ,but given that most investors are not aware of its existence, we are getting the stock at a valuation which provides significant downside protection with reasonable likelihood of capital appreciation as market awareness develops. For a company with a market capitalization north of a billion Singapore dollars, with potential for double digit returns, we think this is a stock waiting to be discovered by the yield-chasing Singapore market.

As we close an eventful 2018, fear and uncertainty seem to rule markets, leaving behind in their wake attractive opportunities for investors to pick and choose. Crystal ball gazers are finding it hard to come up with a cogent narrative for the times ahead as a plethora of unknowns from trade wars to Brexit to slowdown worries present the proverbial Sword of Damocles hanging over many investment decisions. In an environment like this we go back to our core Investment philosophy and look for cashflows that are predictable, with visible cash return to investors and trading at an attractive price. We find many such ideas but some have outlook uncertainty embedded in the price, others have become prisoners of policy uncertainty, but then we found a company that is trading attractively mainly because most investors have not heard of it - River Valley Asset Management's undiscovered Gem of the month. Cromwell European Reit (CERT SP) (CERT), listed in Singapore just about a year back, is one such name. The company is an owner of developed market properties across a diversified group of European countries, delivering a stable and growing pool of cashflows most of which flow into the hands of investors, thus providing high visibility to returns. We seem to be in an environment where the market should reward such stability and predictability ,but given that most investors are not aware of its existence, we are getting the stock at a valuation which provides significant downside protection with reasonable likelihood of capital appreciation as market awareness develops. For a company with a market capitalization north of a billion Singapore dollars, with potential for double digit returns, we think this is a stock waiting to be discovered by the yield-chasing Singapore market.

Singapore

ARA Asset Management Limited is a real estate fund management company that focuses on the management of public-listed real estate investment trusts, REITs. The Company manages REITs, private real estate funds, specialist equity funds and offers corporate finance advisory services.

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

ARA Asset Management (ARA SP)

10 in 10 –The Straits Trading Company (STRTR SP) - Growth Through Diversification

Incorporated in 1887, The Straits Trading Company Limited (Straits Trading) holds stakes in real estate, hospitality, resources and investments...

Singapore Exchange Ltd (SGX)

Undiscovered Juicy Yield Play - CERT

As we close an eventful 2018, fear and uncertainty seem to rule markets, leaving behind in their wake attractive opportunities for investors to...

River Valley Asset Management

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)