Insight Provider, CrossASEAN Research

Nicolas Van Broekhoven

Insight Provider

CrossASEAN Research

At CrossASEAN Research we strive to produce unbiased and differentiated on the ground insights on companies across South East Asia. Our Research is produced for the most part after face to face meetings and conversations with company management to dig deep into the long term vision and strategy of the companies we cover. We seek to deliver investable and actionable themes on sectors and markets across SE Asia, often in collaboration with other Insight Providers across the region, pooling the vast experience of the analysts within the Smartkarma Ecosystem. We also offer bespoke work and tailor made trips for our clients. 

Insights across South East Asia

Thematic (Sector/Industry)

<ul>
<li>The 2023 vintage of "5 High Conviction Ideas" was commodity heavy with 4 of our 5 picks coming from this sector. Three out of five declined between 15-25%. </li>
<li>Our best performer was unloved <a href="https://www.smartkarma.com/entities/mongolian-mining-corp" target="_blank" data-smartkarma-citation="entities:4382:1" rel="noopener">Mongolian Mining (975 HK)</a> which returned 234% even beating <a href="https://www.smartkarma.com/entities/nvidia-corp" target="_blank" data-smartkarma-citation="entities:5891:1" rel="noopener">NVIDIA Corp (NVDA US)</a> YTD performance.  Miracles happen: Coal mining beats AI.</li>
<li>Our 2024 vintage of top ideas for the year will hopefully have a higher hit ratio. See below for more details which are our five high conviction ideas for 2024.</li>
</ul>


The 2023 vintage of "5 High Conviction Ideas" was commodity heavy with 4 of our 5 picks coming from this sector. Three out of five declined between 15-25%. 
Our best performer was unloved Mongolian Mining (975 HK) which returned 234% even beating NVIDIA Corp (NVDA US) YTD performance.  Miracles happen: Coal mining beats AI.
Our 2024 vintage of top ideas for the year will hopefully have a higher hit ratio. See below for more details which are our five high conviction ideas for 2024.


Overview of My Winners and Losers in 2023...and 5 High Conviction Ideas Going Into 2024

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

<ul><li>Energy stocks have led the global stock market over the past three weeks, while Telecommunication stocks have led the APAC region.</li><li>In Singapore, the trio of most traded energy stocks Rex Int, Geo Energy Resources and RH Petrogas have generated median gains of 8.2%, with a skew to their average gain given Rex International’s 357% gain from 31 Aug through to 22 Sep.</li><li>These two Sectors have recently been in play, with the past three weeks have seeing energy stocks lead the global stock market, while telecommunication stocks have led the region.</li></ul>

Energy stocks have led the global stock market over the past three weeks, while Telecommunication stocks have led the APAC region.In Singapore, the trio of most traded energy stocks Rex Int, Geo Energy Resources and RH Petrogas have generated median gains of 8.2%, with a skew to their average gain given Rex International’s 357% gain from 31 Aug through to 22 Sep.These two Sectors have recently been in play, with the past three weeks have seeing energy stocks lead the global stock market, while telecommunication stocks have led the region.

Global Energy Stocks on the Move in Sep, while Telcos Lead Region

Rex International Holding / Equity Bottom-Up

<ul><li>Please note that this Market Update is only available in Chinese. 本地投资者也可以关注新加坡市场上的油气投资标的，近期它们的表现相当不俗，比如https://investors.sgx.com/securities/stocks?security=T13、https://investors.sgx.com/securities/stocks?security=5WH以及https://investors.sgx.com/securities/adrs?security=TPED等。 同时，在新加坡上市的https://investors.sgx.com/securities/adrs?security=TPED 的趋势和动能也在图表上表现出相当的强劲。.</li></ul>

Please note that this Market Update is only available in Chinese. 本地投资者也可以关注新加坡市场上的油气投资标的，近期它们的表现相当不俗，比如https://investors.sgx.com/securities/stocks?security=T13、https://investors.sgx.com/securities/stocks?security=5WH以及https://investors.sgx.com/securities/adrs?security=TPED等。 同时，在新加坡上市的https://investors.sgx.com/securities/adrs?security=TPED 的趋势和动能也在图表上表现出相当的强劲。.

What's Trending: Oil & Gas Stocks in Focus

10 in 10 with RH Petrogas - Embarking on transformation through oil and gas

<ul><li>The 10 Singapore-listed stocks, that have averaged more than S$1M in daily turnover in the 2022 YTD, and saw the most percentage increases in daily trading turnover as compared to the full 2021 year, include as many as three Energy plays – Golden Energy and Resources, Geo Energy Resources and RH Petrogas.</li><li>For 1H22, Golden Energy and Resources reported 3x YoY revenue growth, Geo Energy Resources reported 67% YoY revenue growth and RH Petrogas reported 43% YoY revenue growth.</li><li>The volatility in energy and agriculture prices with an upturn in the offshore & marine sector impacted the majority of the 10 stocks that averaged more than S$1 million in daily turnover in 2022 to 9 Sep while also maintaining the largest percentage increase in average daily turnover from 2021.</li></ul>

The 10 Singapore-listed stocks, that have averaged more than S$1M in daily turnover in the 2022 YTD, and saw the most percentage increases in daily trading turnover as compared to the full 2021 year, include as many as three Energy plays – Golden Energy and Resources, Geo Energy Resources and RH Petrogas.For 1H22, Golden Energy and Resources reported 3x YoY revenue growth, Geo Energy Resources reported 67% YoY revenue growth and RH Petrogas reported 43% YoY revenue growth.The volatility in energy and agriculture prices with an upturn in the offshore & marine sector impacted the majority of the 10 stocks that averaged more than S$1 million in daily turnover in 2022 to 9 Sep while also maintaining the largest percentage increase in average daily turnover from 2021.

Energy Plays Among Stocks with Surges in YTD Trading Activity 

Singapore

RH Petrogas Limited is an independent oil and gas company. The Company acquires and develops properties for oil and natural gas resources.

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RH Petrogas Ltd (RHP SP)

Overview of My Winners and Losers in 2023...and 5 High Conviction Ideas Going Into 2024

Our stand-out performer in FY23 was little loved Mongolia Mining. For FY24 we provide five new names which we think can perform strongly.

Nicolas Van Broekhoven

Global Energy Stocks on the Move in Sep, while Telcos Lead Region

Energy stocks have led the global stock market over the past three weeks, while Telecommunication stocks have led the APAC region. In Singapore,...

Singapore Exchange Ltd (SGX)

10 in 10 with RH Petrogas - Embarking on transformation through oil and gas

10 in 10 with RH Petrogas - Embarking on transformation through oil and gas

Singapore Exchange Ltd (SGX)

Energy Plays Among Stocks with Surges in YTD Trading Activity

The 10 Singapore-listed stocks, that have averaged more than S$1M in daily turnover in the 2022 YTD, and saw the most percentage increases in...

Singapore Exchange Ltd (SGX)

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Overview of My Winners and Losers in 2023...and 5 High Conviction Ideas Going Into 2024

Our stand-out performer in FY23 was little loved Mongolia Mining. For FY24 we provide five new names which we think can perform strongly.

Nicolas Van Broekhoven

Global Energy Stocks on the Move in Sep, while Telcos Lead Region

Energy stocks have led the global stock market over the past three weeks, while Telecommunication stocks have led the APAC region. In Singapore,...

Singapore Exchange Ltd (SGX)

What's Trending: Oil & Gas Stocks in Focus

Please note that this Market Update is only available in Chinese....

Singapore Exchange Ltd (SGX)

10 in 10 with RH Petrogas - Embarking on transformation through oil and gas

10 in 10 with RH Petrogas - Embarking on transformation through oil and gas

Singapore Exchange Ltd (SGX)

Energy Plays Among Stocks with Surges in YTD Trading Activity

The 10 Singapore-listed stocks, that have averaged more than S$1M in daily turnover in the 2022 YTD, and saw the most percentage increases in...

Singapore Exchange Ltd (SGX)