Alpha-Centric ESG Research

Kyle Rudden

<ul>
<li>The Monetary Authority of Singapore (MAS) recently launched a public consultation regarding a Code of Conduct for ESG ratings providers and ESG data product providers in Singapore.</li>
<li>It is the right approach for Singapore – a <em>voluntary</em> best-practices framework furthering one of the world's most credible "green" economies, not a regulatory force-fix of something broken.</li>
<li>No surprise ratings methodology changes. No <em>en masse</em> upgrades/downgrades. No acute shocks to the system. Just slow and steady progress for ESG investing and finance in Singapore.</li>
</ul>


The Monetary Authority of Singapore (MAS) recently launched a public consultation regarding a Code of Conduct for ESG ratings providers and ESG data product providers in Singapore.
It is the right approach for Singapore – a voluntary best-practices framework furthering one of the world's most credible "green" economies, not a regulatory force-fix of something broken.
No surprise ratings methodology changes. No en masse upgrades/downgrades. No acute shocks to the system. Just slow and steady progress for ESG investing and finance in Singapore.


Singapore Code of Conduct for ESG Ratings Is Less Risk and More Reward

Asia Real Estate News Tracker, Asia Real Estate Tracker

Asia Real Estate Tracker

Asia Real Estate News Tracker

Tracking developments across Asia's regional real estate markets

Equity Bottom-Up

Capitaland India Trust / Equity Bottom-Up

<ul><li>Robert Ng, a significant figure at Sino, is implicated in Singapore's foreign political interference law due to his involvement with children.</li><li>Cuscaden Peak secures approval for the $2.1B privatization deal of Singapore's Paragon REIT, marking a significant milestone in the real estate industry.</li><li>PAG DCU appoints Sanjay Goel, formerly of American Tower, as their new CEO, signaling a strategic move in their leadership team.</li></ul>

Robert Ng, a significant figure at Sino, is implicated in Singapore's foreign political interference law due to his involvement with children.Cuscaden Peak secures approval for the $2.1B privatization deal of Singapore's Paragon REIT, marking a significant milestone in the real estate industry.PAG DCU appoints Sanjay Goel, formerly of American Tower, as their new CEO, signaling a strategic move in their leadership team.

Asia Real Estate Tracker (23-Apr-2025): Sino's Robert Ng, kids tagged under SG foreign interference law

<ul><li>CapitaLand Investment secures Osaka site for $700M data centre project, expanding presence in Asia's growing tech market.</li><li>Singapore's Temasek boosts investment in CenterSquare's commercial real estate debt fund with $200M injection for growth.</li><li>Gordon Tang faces setback as Suntec REIT buyout likely to fail with extended deadline, raising uncertainty in real estate market.</li></ul>

CapitaLand Investment secures Osaka site for $700M data centre project, expanding presence in Asia's growing tech market.Singapore's Temasek boosts investment in CenterSquare's commercial real estate debt fund with $200M injection for growth.Gordon Tang faces setback as Suntec REIT buyout likely to fail with extended deadline, raising uncertainty in real estate market.

Asia Real Estate Tracker (05-Feb-2025): CapitaLand buys Osaka site for $700M data centre.

Singapore Market Roundup, Singapore Market Roundup

Singapore Market Roundup

Thematic (Sector/Industry)

<ul><li>OCBC downgrades UOB to 'hold' due to new high share price, signaling potentially limited growth opportunities.</li><li>CGSI reinitiates coverage on Food Empire, sets ambitious new target price at $1.43, indicating strong growth potential.</li><li>UOB Kay Hian raises Digital Core REIT's target price to 99 US cents and maintains 'buy' on SingPost, with positive outlook for both companies.</li></ul>

OCBC downgrades UOB to 'hold' due to new high share price, signaling potentially limited growth opportunities.CGSI reinitiates coverage on Food Empire, sets ambitious new target price at $1.43, indicating strong growth potential.UOB Kay Hian raises Digital Core REIT's target price to 99 US cents and maintains 'buy' on SingPost, with positive outlook for both companies.

Singapore Market Roundup (10-Jan-2025): OCBC downgrades UOB to 'hold'.

<ul><li>DBS recommends Sea due to Shopee's promising growth from live commerce and AI investments</li><li>Digital Core REIT may benefit from new opportunities post departure of tenant as a blank canvas, says DBS</li><li>UOB Kay Hian maintains 'buy' ratings on Seatrium and FLCT, while reducing Mapletree Logistics Trust's target price due to high vacancy rates in China</li></ul>

DBS recommends Sea due to Shopee's promising growth from live commerce and AI investmentsDigital Core REIT may benefit from new opportunities post departure of tenant as a blank canvas, says DBSUOB Kay Hian maintains 'buy' ratings on Seatrium and FLCT, while reducing Mapletree Logistics Trust's target price due to high vacancy rates in China

Singapore Market Roundup (03-Jan-2025): DBS top pick: Sea for growth in live commerce and AI.

Singapore

Mapletree Logistics Trust is an Asia-focused logistics real estate investment trust. The Company invests in a diversified portfolio of income-producing real estate which is used for logistics purposes.

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Mapletree Logistics Trust (MLT SP)

Singapore Code of Conduct for ESG Ratings Is Less Risk and More Reward

Singapore's Code of Conduct for ESG ratings is more light-handed than other regulation-based approaches, but therein lies the "less risk and more...

Kyle Rudden

Asia Real Estate Tracker (23-Apr-2025): Sino's Robert Ng, kids tagged under SG foreign interference law

Robert Ng of Sino implicated in foreign political interference, Cuscaden Peak secures $2.1B for Paragon REIT privatization, PAG DCU appoints Sanjay...

Asia Real Estate Tracker

Asia Real Estate Tracker (05-Feb-2025): CapitaLand buys Osaka site for $700M data centre.

CapitaLand Investment acquires Osaka site for $700M data centre, Temasek invests $200M in CenterSquare, and Suntec REIT buyout deadline extended.

Asia Real Estate Tracker

Singapore Market Roundup (10-Jan-2025): OCBC downgrades UOB to 'hold'.

OCBC downgrades UOB to 'hold', CGSI reinitiates coverage on Food Empire, UOB Kay Hian raises Digital Core REIT target price and maintains 'buy' on...

Singapore Market Roundup

Singapore Market Roundup (03-Jan-2025): DBS top pick: Sea for growth in live commerce and AI.

DBS favors Sea for growth, Digital Core REIT for opportunities, and local bank stocks OCBC and UOB; UOB Kay Hian updates on REITs and Seatrium,...

Singapore Market Roundup

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