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>SGX lists four stocks mining industrial minerals including tantalite, phosphate, limestone and marble, four coal mining stocks and three gold mining stocks. These 11 stocks are at different stages in the exploration, development, production cycle and have averaged a 19.0% gain in 2017 YTD.</li>
<li>
Of the three segments, mining industrial minerals has been the strongest performer in the 2017 YTD with an average 30.4% gain, led Alliance Minerals Assets. Coal was the next best performer with the four stocks…</li>
</ul>


SGX lists four stocks mining industrial minerals including tantalite, phosphate, limestone and marble, four coal mining stocks and three gold mining stocks. These 11 stocks are at different stages in the exploration, development, production cycle and have averaged a 19.0% gain in 2017 YTD.

Of the three segments, mining industrial minerals has been the strongest performer in the 2017 YTD with an average 30.4% gain, led Alliance Minerals Assets. Coal was the next best performer with the four stocks…


Average 19% YTD Gain in Key Mining Stocks

CEO, A. Stotz Investment Research

Dr. Andrew Stotz, CFA

Quantamental Investing to beat Benchmarks

A. Stotz Investment Research

We pick stocks. We construct portfolios. All our effort is focused on how to better pick stocks and construct portfolios. We serve fund management companies, family offices, and high net worth individuals.

Equity Bottom-Up

<ul><li>Low correlation with Western stock markets, and low correlation to the Filipino market relative to its sector</li><li>Nickel prices should grow further due to global supply cut as a result of the Philippine government audit resulting in possible mine closures cutting around 50% production. NIKL is ready to benefit and gain market share</li><li>NIKL is one of the largest global suppliers of lateritic nickel ore used for stainless steel production in China, which imports 90% of nickel ore from Philippines. Its 32% domestic market share in 2015 should expand in 2017</li><li>Trades at an attractive 17CE* PEG ratio of 0.4 versus Asian Materials at a PEG of 1.2 and NIKL is net cash</li><li>Risks: Mines mentioned in the audit finally not being closed</li></ul>* Consensus Estimates

Low correlation with Western stock markets, and low correlation to the Filipino market relative to its sectorNickel prices should grow further due to global supply cut as a result of the Philippine government audit resulting in possible mine closures cutting around 50% production. NIKL is ready to benefit and gain market shareNIKL is one of the largest global suppliers of lateritic nickel ore used for stainless steel production in China, which imports 90% of nickel ore from Philippines. Its 32% domestic market share in 2015 should expand in 2017Trades at an attractive 17CE* PEG ratio of 0.4 versus Asian Materials at a PEG of 1.2 and NIKL is net cashRisks: Mines mentioned in the audit finally not being closed* Consensus Estimates

NIKL: Ore Miner Well Placed to Cash in on Mine Audits

Philippines

Nickel Asia Corporation explores for and produces nickel in the Philippines.

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

Nickel Asia (NIKL PM)

Average 19% YTD Gain in Key Mining Stocks

SGX lists four stocks mining industrial minerals including tantalite, phosphate, limestone and marble, four coal mining stocks and three gold...

Singapore Exchange Ltd (SGX)

NIKL: Ore Miner Well Placed to Cash in on Mine Audits

Low correlation with Western stock markets, and low correlation to the Filipino market relative to its sector Nickel prices should grow further...

A. Stotz Investment Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)