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

Mapletree Logistics Trust / Equity Bottom-Up

<ul><li>REIT Watch - Performance of S-Reits within the STI On Thursday night (Oct 12), the US Consumer Price Index (CPI) came in slightly higher than markets had anticipated, leading to higher expectations that the Federal Reserve will likely implement one more interest rate hike before the year ends.</li><li>The three S-Reits with the lowest gearing ratios are: Sasseur Reit (26.2 per cent), Frasers Logistics & Commercial Trust (28.6 per cent) and Paragon Reit (29.8 per cent).</li></ul>

REIT Watch - Performance of S-Reits within the STI On Thursday night (Oct 12), the US Consumer Price Index (CPI) came in slightly higher than markets had anticipated, leading to higher expectations that the Federal Reserve will likely implement one more interest rate hike before the year ends.The three S-Reits with the lowest gearing ratios are: Sasseur Reit (26.2 per cent), Frasers Logistics & Commercial Trust (28.6 per cent) and Paragon Reit (29.8 per cent).

REIT Watch - S-Reits among top gainers in STI for week starting Oct 9

External broker reports(aggregated public sources), UOB Kay Hian

UOB Kay Hian

External broker reports(aggregated public sources)

Backed by the UOB Group, UOB Kay Hian is one of Asia’s largest brokerage firms. Headquartered in Singapore, we are supported by more than 80 branches worldwide including a growing network of offices across Southeast Asia, Greater China, the United Kingdom and North America. Our global footprint and strong international presence have enabled us to feel the pulse of key financial markets and deliver incisive intelligence across industry sectors and asset classes. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Keppel Pacific Oak US REIT / Equity Bottom-Up

<ul><li>We also toured the office premises of FleetCor Technologies, Gogo Business Aviation, ZimVie and Meta Quest, which are Keppel Pacific Oak US REIT’s top 10 tenants.</li><li>We visited 9 office properties in Keppel Pacific Oak US REIT (SGX:CMOU)’s portfolio covering five US cities, ie Nashville (supernova), Dallas (super sunbelt), Houston (super sunbelt), Denver (18-hour) and Eastside Seattle – Bellevue and Redmond (multi-talented producer).</li><li>We observed vibrancy in the local economies and growth from domestic tourism.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

We also toured the office premises of FleetCor Technologies, Gogo Business Aviation, ZimVie and Meta Quest, which are Keppel Pacific Oak US REIT’s top 10 tenants.We visited 9 office properties in Keppel Pacific Oak US REIT (SGX:CMOU)’s portfolio covering five US cities, ie Nashville (supernova), Dallas (super sunbelt), Houston (super sunbelt), Denver (18-hour) and Eastside Seattle – Bellevue and Redmond (multi-talented producer).We observed vibrancy in the local economies and growth from domestic tourism.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Keppel Pacific Oak US REIT - Resiliency From Growth Cities & Rich Amenities

<ul><li>As we move into this reporting season, 32 S-Reits and property trusts have released dates of their financial results or business updates for their respective periods ended Mar 31, 2023.</li><li>Of the 32 trusts, four have already released business updates for Q1 2023 – Keppel Reit, Keppel DC Reit, Keppel Pacific Oak US Reit, and Sabana Industrial Reit.</li><li>Keppel Reit reported Q1 2023 net property income was 3 per cent higher year on year (yoy) due to higher rentals achieved on leases committed in 2022 and higher portfolio occupancy of 96.3 per cent (versus 95.1 per cent for the same period last year).</li></ul>

As we move into this reporting season, 32 S-Reits and property trusts have released dates of their financial results or business updates for their respective periods ended Mar 31, 2023.Of the 32 trusts, four have already released business updates for Q1 2023 – Keppel Reit, Keppel DC Reit, Keppel Pacific Oak US Reit, and Sabana Industrial Reit.Keppel Reit reported Q1 2023 net property income was 3 per cent higher year on year (yoy) due to higher rentals achieved on leases committed in 2022 and higher portfolio occupancy of 96.3 per cent (versus 95.1 per cent for the same period last year).

REIT Watch - 32 S-REITs release schedule for this reporting season

CDL Hospitality Trusts / Equity Bottom-Up

<ul><li>REIT Watch - S-Reits rebound amid less hawkish rates expectations The FTSE EPRA Nareit Developed Index gained close to 4 per cent last week while Singapore’s iEdge S-Reit Index booked its strongest week this year with 6 per cent returns.</li><li>Outperforming S-Reits for the week include Manulife US Reit, Keppel DC Reit, Aims Apac Reit, Keppel Pacific Oak US Reit, and CDL Hospitality Trusts.</li></ul>

REIT Watch - S-Reits rebound amid less hawkish rates expectations The FTSE EPRA Nareit Developed Index gained close to 4 per cent last week while Singapore’s iEdge S-Reit Index booked its strongest week this year with 6 per cent returns.Outperforming S-Reits for the week include Manulife US Reit, Keppel DC Reit, Aims Apac Reit, Keppel Pacific Oak US Reit, and CDL Hospitality Trusts.

REIT Watch - S-REITs rebound amidst less hawkish rates expectations

United Hampshire US REIT / Equity Bottom-Up

<ul><li>Inside Insights - Wee Ee Cheong boosts UOB stake For the 5 trading sessions that spanned Aug 19 to Aug 25, the Straits Times Index (STI) declined 0.8 per cent, with the FTSE China A50 Index declining 0.9 per cent, the Hang Seng Index gaining 1.3 per cent and the FTSE Bursa Malaysia KLCI declining 1.1 per cent.</li><li>Between Aug 16 and 22, United Overseas Bank (UOB) deputy chairman and CEO Wee Ee Cheong acquired 100,000 shares at an average price of S$26.86 per share.</li></ul>

Inside Insights - Wee Ee Cheong boosts UOB stake For the 5 trading sessions that spanned Aug 19 to Aug 25, the Straits Times Index (STI) declined 0.8 per cent, with the FTSE China A50 Index declining 0.9 per cent, the Hang Seng Index gaining 1.3 per cent and the FTSE Bursa Malaysia KLCI declining 1.1 per cent.Between Aug 16 and 22, United Overseas Bank (UOB) deputy chairman and CEO Wee Ee Cheong acquired 100,000 shares at an average price of S$26.86 per share.

Singapore

Keppel Pacific Oak US REIT operates as a real estate investment trust with properties located in the United States. The Company invests in a diversified portfolio of income-producing commercial and real estate assets in key growth markets of the US.

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

Keppel Pacific Oak US REIT (KORE SP)

REIT Watch - S-Reits among top gainers in STI for week starting Oct 9

REIT Watch - Performance of S-Reits within the STI On Thursday night (Oct 12), the US Consumer Price Index (CPI) came in slightly higher than...

Singapore Exchange Ltd (SGX)

Keppel Pacific Oak US REIT - Resiliency From Growth Cities & Rich Amenities

We also toured the office premises of FleetCor Technologies, Gogo Business Aviation, ZimVie and Meta Quest, which are Keppel Pacific Oak US REIT’s...

UOB Kay Hian

REIT Watch - 32 S-REITs release schedule for this reporting season

As we move into this reporting season, 32 S-Reits and property trusts have released dates of their financial results or business updates for their...

Singapore Exchange Ltd (SGX)

REIT Watch - S-REITs rebound amidst less hawkish rates expectations

REIT Watch - S-Reits rebound amid less hawkish rates expectations The FTSE EPRA Nareit Developed Index gained close to 4 per cent last week while...

Singapore Exchange Ltd (SGX)

Wee Ee Cheong boosts UOB stake

Inside Insights - Wee Ee Cheong boosts UOB stake For the 5 trading sessions that spanned Aug 19 to Aug 25, the Straits Times Index (STI) declined...

Singapore Exchange Ltd (SGX)

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)