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

Special Situations, Content Strategist, Smartkarma

Crispin Francis

Special Situations, Content Strategist

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Event-Driven

<h2>LTA Announces Details of the Bus Contracting Model</h2><blockquote>
Bus industry to complete transition to bus contracting model on 1 Sept 2016, the agreement involves 11 bus packages with estimated total contract fees of S$5.322 billion for SBS Transit and S$1.865 billion for SMRT Buses. It added that the sums were reached through negotiations with the operators.
Of the 11 packages, SBS Transit will operate eight packages with 196 services while SMRT Buses will operate three packages with 77 services.
The…
</blockquote>

LTA Announces Details of the Bus Contracting Model
Bus industry to complete transition to bus contracting model on 1 Sept 2016, the agreement involves 11 bus packages with estimated total contract fees of S$5.322 billion for SBS Transit and S$1.865 billion for SMRT Buses. It added that the sums were reached through negotiations with the operators.
Of the 11 packages, SBS Transit will operate eight packages with 196 services while SMRT Buses will operate three packages with 77 services.
The…


As widely expected, Temasek and SMRT have jointly <a href="http://infopub.sgx.com/FileOpen/Press%20Release.ashx?App=Announcement&amp;FileID=413485" target="_blank">announced</a> a privatization of SMRT via a scheme of arrangement.This announcement came on the back of SMRT remaining suspended following the earlier announcement that LTA, under the New Rail Financing Framework ("NRFF"), would acquire certain rail assets for a total consideration of SGD 991 Mn.In this insight, we look at what the terms and conditions of the offer are, and certain other nuances of the transaction.

As widely expected, Temasek and SMRT have jointly announced a privatization of SMRT via a scheme of arrangement.This announcement came on the back of SMRT remaining suspended following the earlier announcement that LTA, under the New Rail Financing Framework ("NRFF"), would acquire certain rail assets for a total consideration of SGD 991 Mn.In this insight, we look at what the terms and conditions of the offer are, and certain other nuances of the transaction.

Equity Bottom-Up

On 15 July 2016, SMRT <a href="https://www.smrt.com.sg/Portals/0/Announcement/2016/2016-07-15%20-%20Media%20Release.pdf" target="_blank">announced </a>that it had completed the transition of three MRT lines to the New Rail Financing Framework (NRFF).As part of the transition, Singapore's Land Transport Authority (LTA) would acquire associated operating assets at the estimated Net Book Value as at 30 September 2016 of SGD 991mm, thus transforming SMRT into an asset-light OpCo.In this insight, I examine the transaction in detail and present its net impact on minority shareholders. I admit: the transaction is fancy, the results might not be so.

On 15 July 2016, SMRT announced that it had completed the transition of three MRT lines to the New Rail Financing Framework (NRFF).As part of the transition, Singapore's Land Transport Authority (LTA) would acquire associated operating assets at the estimated Net Book Value as at 30 September 2016 of SGD 991mm, thus transforming SMRT into an asset-light OpCo.In this insight, I examine the transaction in detail and present its net impact on minority shareholders. I admit: the transaction is fancy, the results might not be so.

SMRT: Once a Landlord; Now a (Mere) Lessee

We ask the questions that need to be asked, Hong Bao Media Holdings Pte Ltd

Mark Laudi • Investor Central

We ask the questions that need to be asked

Hong Bao Media Holdings Pte Ltd

An analysis of SMRT's Annual Report indicates that it is still cleaning up after high profile breakdowns and a focus on maintenance.But the document also has some positive highlights which indicate that there is light at the end of the tunnel for the operator of Singapore's suburban rail network.

An analysis of SMRT's Annual Report indicates that it is still cleaning up after high profile breakdowns and a focus on maintenance.But the document also has some positive highlights which indicate that there is light at the end of the tunnel for the operator of Singapore's suburban rail network.

Singapore

ComfortDelGro Corporation Limited provides bus, taxi, car leasing and rental, automotive engineering, maintenance services, and diesel sales.  The Group also provides investment trading and operates vehicle inspection and assessment services, and advertising services.

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Comfortdelgro Corp (CD SP)

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)

SBUS - Details of Bus Contracting Model

LTA Announces Details of the Bus Contracting Model Bus industry to complete transition to bus contracting model on 1 Sept 2016, the agreement...

Crispin Francis

SMRT - Privatization Offer from Temasek

As widely expected, Temasek and SMRT have jointly announced a privatization of SMRT via a scheme of arrangement.This announcement came on the back...

Crispin Francis

SMRT: Once a Landlord; Now a (Mere) Lessee

On 15 July 2016, SMRT announced that it had completed the transition of three MRT lines to the New Rail Financing Framework (NRFF).As part of the...

Crispin Francis

SMRT: Is It as Bad as It Looks?

An analysis of SMRT's Annual Report indicates that it is still cleaning up after high profile breakdowns and a focus on maintenance.But the...

Mark Laudi • Investor Central

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