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>The biggest SGX-listed stocks that respectively represent the hardware, software and semiconductors industries are Venture Corporation, Silverlake Axis and UMS Holdings. </li><li>These three stocks have averaged a 19.2% total return in the 2016 year-to-date.</li><li>These three current leaders of the Sector have also had to embrace innovation and transformation for the last 25-30 years. The foundations of the trio track back to the 1980s.</li></ul>

The biggest SGX-listed stocks that respectively represent the hardware, software and semiconductors industries are Venture Corporation, Silverlake Axis and UMS Holdings. These three stocks have averaged a 19.2% total return in the 2016 year-to-date.These three current leaders of the Sector have also had to embrace innovation and transformation for the last 25-30 years. The foundations of the trio track back to the 1980s.

Innovative Transformation of Singapore's Technology Sector

Thematic Investing in Tech and Media, CM Research

Cyrus Mewawalla

Thematic Investing in Tech and Media

Thematic TMT investing

CM Research

CM Research is an independent research house based in London, England. We provide global thematic research in the Technology, Media and Telecoms (TMT) sectors. 

Our focus is on disruptive technologies: how will they unfold; which industries will be impacted; and who will be the ultimate winners and losers. 

Our aim is to help investors predict share prices and corporate executives stay one step ahead of the technology trends that are shaping their industry. 

We research technology investment themes in detail and then feed the results into a scorecard system to quantify the impact of several conflicting themes on individual stocks. 

Recent themes covered include internet TV, the Internet of Things, Big Data, Mobile payments, crowdfunding, artificial intelligence, the cloud, software defined networking and Generation Hashtag.

We cover the top 500 global TMT stocks by market capitalisation and several technology start-ups and pre-IPO companies too. 

In 2015, CM Research analysts outperformed the Bloomberg Benchmark Analyst Index - which measures how good analysts are at predicting stock prices - by 7.1%.

This article looks at the impact of artificial intelligence (AI) technology on the investment management community.AI will change the investment landscape in three ways. First, investors will be forced to place more value on the quality of a company’s AI assets. Second, investors themselves will rely far more on AI-based research techniques to support their investment approach. And third, investors will compete head to head for AI talent with the technology sector.

This article looks at the impact of artificial intelligence (AI) technology on the investment management community.AI will change the investment landscape in three ways. First, investors will be forced to place more value on the quality of a company’s AI assets. Second, investors themselves will rely far more on AI-based research techniques to support their investment approach. And third, investors will compete head to head for AI talent with the technology sector.

Asia and Global Semiconductor and Tech Research

Andrew Lu

Equity Bottom-Up

<h2>Amazing beats for both 3Q16 results and 4Q16 guidance</h2><ul><li>
Amazing results beat: <a href="https://www.smartkarma.com/entities/5891" target="_blank" data-smartkarma-citation="entities:5891:1">Nvidia Corp (NVDA US) </a>reports 3Q16 EPS of US$0.83, which was US$27 cents better than Bloomberg consensus' mainly due to 19% beat on sales to US$2bn (40% q/q, 54% y/y), 2ppts better on operating margin to 32%, and 6ppts higher on net margin to 27%. Nvidia said a breakout quarter driven by new Pascal GPUs are fully ramped and enjoying great success in gaming, VR, self-driving cars (please see our earlier report "<a href="https://www.smartkarma.com/insights/andrew-on-tech-automotive-semis-the-next-wave" target="_blank" data-smartkarma-citation="insights:5122">Andrew on</a>…</li></ul>

Amazing beats for both 3Q16 results and 4Q16 guidance
Amazing results beat: Nvidia Corp (NVDA US) reports 3Q16 EPS of US$0.83, which was US$27 cents better than Bloomberg consensus' mainly due to 19% beat on sales to US$2bn (40% q/q, 54% y/y), 2ppts better on operating margin to 32%, and 6ppts higher on net margin to 27%. Nvidia said a breakout quarter driven by new Pascal GPUs are fully ramped and enjoying great success in gaming, VR, self-driving cars (please see our earlier report "Andrew on…

Nvidia Is Firing All Cylinders on Gaming, Self-Driving Cars, and Datacenter AI

Differentiated global TMT & Internet Research

New Street Research Insights

New Street Research

Research is provided by our team of experienced analysts. Our work is idea driven, based on independence of thought, sector expertise, and firmly focused on fundamentals and valuation of telecoms and internet names globally. New Street is headquartered in London with offices in New York, Singapore and Australia. 

New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:

Pan European Telecom Services and Cable
US Telecoms, Cable, Satellite and Towers
Global Emerging Market Telecoms
Japan Telecoms
Asian Internet
Pan European Healthcare
US Healthcare
Japanese Healthcare

We also provide debt research on:
Pan European Telecom Services and Cable

Alibaba Group Holding  / Equity Bottom-Up

We continue to see strong revenue growth from <a href="https://www.smartkarma.com/entities/787" target="_blank" data-smartkarma-citation="entities:787:1">Alibaba (BABA US)</a> with the latest quarterly results ahead of expectations on the revenue line and profitability broadly in line. The revenue beat was driven by retail eCommerce and cloud computing. On balance, we view the quarter positively and think the comments on the potential for future improvements in monetization through ad-tech are compelling, but largely in the price. <a href="https://www.smartkarma.com/profiles/438" target="_blank" data-smartkarma-citation="accounts:438">Vincent Fernando</a> has previously discussed what is in the price in <a href="https://www.smartkarma.com/insights/alibaba-s-high-share-price-what-s-the-risk-here" target="_blank" data-smartkarma-citation="insights:6628">Alibaba’s</a>…

We continue to see strong revenue growth from Alibaba (BABA US) with the latest quarterly results ahead of expectations on the revenue line and profitability broadly in line. The revenue beat was driven by retail eCommerce and cloud computing. On balance, we view the quarter positively and think the comments on the potential for future improvements in monetization through ad-tech are compelling, but largely in the price. Vincent Fernando has previously discussed what is in the price in Alibaba’s…

Alibaba: Ad Tech Continues to Shine in 2Q16/17

<h2>Summary</h2><ul>
<li>
Raising the import tariffs on technology products: The new Trump government might raise the import tariffs on technology products to stop China dump their products. This should lead the part of the Apple assembly business back to the US. US solar and electric/self-driving automotive industry will be protected.  Consumers will see the cost increase of buying imported technology products, but the action might also drive China's counter-tariff trade war against the US in future. 
</li>
<li>
Cut taxes to…</li>
</ul>

Summary

Raising the import tariffs on technology products: The new Trump government might raise the import tariffs on technology products to stop China dump their products. This should lead the part of the Apple assembly business back to the US. US solar and electric/self-driving automotive industry will be protected.  Consumers will see the cost increase of buying imported technology products, but the action might also drive China's counter-tariff trade war against the US in future. 


Cut taxes to…


How Will Trump Shape up the Global Technology Industry in Next Four Years?

China

Baidu, Inc. operates an Internet search engine. The Company offers algorithmic search, enterprise search, news, MP3, and image searches, voice assistance, online storage, and navigation services. Baidu serves clients globally.

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Baidu (BIDU US)

Innovative Transformation of Singapore's Technology Sector

The biggest SGX-listed stocks that respectively represent the hardware, software and semiconductors industries are Venture Corporation, Silverlake...

Singapore Exchange Ltd (SGX)

What AI Means for Investors

This article looks at the impact of artificial intelligence (AI) technology on the investment management community.AI will change the investment...

CM Research

Nvidia Is Firing All Cylinders on Gaming, Self-Driving Cars, and Datacenter AI

Amazing beats for both 3Q16 results and 4Q16 guidance Amazing results beat: Nvidia Corp (NVDA US) reports 3Q16 EPS of US$0.83, which was US$27...

Andrew Lu

Alibaba: Ad Tech Continues to Shine in 2Q16/17

We continue to see strong revenue growth from Alibaba (BABA US) with the latest quarterly results ahead of expectations on the revenue line and...

New Street Research

How Will Trump Shape up the Global Technology Industry in Next Four Years?

Summary Raising the import tariffs on technology products: The new Trump government might raise the import tariffs on technology products to stop...

Andrew Lu

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