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.

<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" "http://www.w3.org/TR/REC-html40/loose.dtd">

Jardine Strategic Scheduled to Join STI on 18 September

STI’s Strongest Sectors in YTD – Real Estate, Financials & Industrials

Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

The rumour mill speculating on the privatisation of <a href="https://www.smartkarma.com/entities/3197" target="_blank" data-smartkarma-citation="entities:3197:1">Wheelock Properties (S) Ltd (WP SP)</a> is again doing the rounds. The stock is up around 10% in the past week, nudging 52-week highs.WP as a candidate for delisting has been fittingly picked over and support for doing so is compelling.In this note, I revive those factors supporting a takeover offer from parent <a href="https://www.smartkarma.com/entities/52" target="_blank" data-smartkarma-citation="entities:52:1">Wheelock &amp; Co Ltd (20 HK)</a> and what, if anything has changed recently to suggest a delisting is more evident. And should Wheelock opt to go down the privatisation path, what are its options?

The rumour mill speculating on the privatisation of Wheelock Properties (S) Ltd (WP SP) is again doing the rounds. The stock is up around 10% in the past week, nudging 52-week highs.WP as a candidate for delisting has been fittingly picked over and support for doing so is compelling.In this note, I revive those factors supporting a takeover offer from parent Wheelock &amp; Co Ltd (20 HK) and what, if anything has changed recently to suggest a delisting is more evident. And should Wheelock opt to go down the privatisation path, what are its options?

Wheelock Properties - To Privatise or Not

Asia Pac IPO & Placement Research, China biotech, Aequitas Research

Ke Yan, CFA, FRM

Asia Pac IPO & Placement Research, China biotech

Smartkarma

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

Research Reinvented

Equity Bottom-Up

<a href="https://www.smartkarma.com/entities/11" target="_blank" data-smartkarma-citation="entities:11:1">Sembcorp Marine Ltd (SMM SP)</a> reported disappointing results yesterday. It is significantly below what the street was expecting. In this insight, I interpret the numbers and give updates to recent drilling rig market conditions. 1Q17 headline revenue/net profit is lowered by 17.2%/28% YoY. However, excluding one-off gains from the sale of <a href="https://www.smartkarma.com/entities/671" target="_blank" data-smartkarma-citation="entities:671:1">COSCO Corp Singapore Ltd (COS SP)</a>, SMM would have reported a net loss of S$7.3m. 1Q revenue accounted for 25% of full-year consensus revenue estimates. The…

Sembcorp Marine Ltd (SMM SP) reported disappointing results yesterday. It is significantly below what the street was expecting. In this insight, I interpret the numbers and give updates to recent drilling rig market conditions. 1Q17 headline revenue/net profit is lowered by 17.2%/28% YoY. However, excluding one-off gains from the sale of COSCO Corp Singapore Ltd (COS SP), SMM would have reported a net loss of S$7.3m. 1Q revenue accounted for 25% of full-year consensus revenue estimates. The…

SMM 1Q17: Sank to A Loss, Yet to See Lights at the End of the Tunnel

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

Thematic (Sector/Industry)

With investment bankers appointed to review strategic options for the three controlling shareholders of <a href="https://www.smartkarma.com/entities/412" target="_blank" data-smartkarma-citation="entities:412:1">M1 (M1 SP)</a> there has been speculation about its prospects. <a href="https://www.smartkarma.com/profiles/25" target="_blank" data-smartkarma-citation="accounts:25">Travis Lundy</a> has written about M1 deal speculation recently in <a href="https://www.smartkarma.com/insights/m1-what-monsters-lurk-beneath" target="_blank" data-smartkarma-citation="insights:10249">M1 - What Monsters Lurk Beneath?</a> We have also been doing work on the subject and look at some of the possible outcomes as well as the broader M&amp;A theme in Singapore. Our view is that a change of ownership at M1 will not itself improve market dynamics with all three…

With investment bankers appointed to review strategic options for the three controlling shareholders of M1 (M1 SP) there has been speculation about its prospects. Travis Lundy has written about M1 deal speculation recently in M1 - What Monsters Lurk Beneath? We have also been doing work on the subject and look at some of the possible outcomes as well as the broader M&amp;A theme in Singapore. Our view is that a change of ownership at M1 will not itself improve market dynamics with all three…

Singapore Telco M&A: Lots of Rumors but Is a Deal Really Plausible?

Singapore

Keppel Corporation Limited's core businesses are offshore and marine, infrastructure, property investment and development, telecommunications and transportation, energy, and engineering.

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

Keppel Corp (KEP SP)

Jardine Strategic Scheduled to Join STI on 18 September

Singapore Exchange Ltd (SGX)

STI’s Strongest Sectors in YTD – Real Estate, Financials & Industrials

Singapore Exchange Ltd (SGX)

Wheelock Properties - To Privatise or Not

The rumour mill speculating on the privatisation of Wheelock Properties (S) Ltd (WP SP) is again doing the rounds. The stock is up around 10% in...

David Blennerhassett

SMM 1Q17: Sank to A Loss, Yet to See Lights at the End of the Tunnel

Sembcorp Marine Ltd (SMM SP) reported disappointing results yesterday. It is significantly below what the street was expecting. In this insight, I...

Ke Yan, CFA, FRM

Singapore Telco M&A: Lots of Rumors but Is a Deal Really Plausible?

With investment bankers appointed to review strategic options for the three controlling shareholders of M1 (M1 SP) there has been speculation about...

New Street Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)