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>REIT Watch – Industrial S-Reits record positive rental reversions Mapletree Logistics Trust (MLT), Aims Apac Reit (AAReit) and Mapletree Industrial Trust (MIT) received the most institutional net inflows this year-to-date totalling S$12 million, while ESR-Logos Reit (E-Log), MIT and Sabana Industrial Reit received the most net retail inflows totalling S$22 million.</li><li>Sabana Industrial Reit, the only industrial S-Reit with all of its assets in Singapore, saw FY22 gross revenue rise by 15.9 per cent yoy, while NPI rose 2.6 per cent yoy.</li></ul>

REIT Watch – Industrial S-Reits record positive rental reversions Mapletree Logistics Trust (MLT), Aims Apac Reit (AAReit) and Mapletree Industrial Trust (MIT) received the most institutional net inflows this year-to-date totalling S$12 million, while ESR-Logos Reit (E-Log), MIT and Sabana Industrial Reit received the most net retail inflows totalling S$22 million.Sabana Industrial Reit, the only industrial S-Reit with all of its assets in Singapore, saw FY22 gross revenue rise by 15.9 per cent yoy, while NPI rose 2.6 per cent yoy.

REIT Watch – Industrial S-Reits record positive rental reversions

<ul><li>10 S-Reits with lowest gearing ratios A key metric for Reits is the gearing ratio, also known as aggregated leverage, which is a metric closely monitored by investors and often used to access a Reit’s financial leverage.</li><li>As of end-February this year, the 40 actively traded S-Reits and Property Trusts had an average gearing ratio of 37.7 per cent, below the regulatory limit of 50 per cent if the minimum interest coverage ratio (ICR) is at least 2.5 times, imposed by the Monetary Authority of Singapore (MAS).</li></ul>

10 S-Reits with lowest gearing ratios A key metric for Reits is the gearing ratio, also known as aggregated leverage, which is a metric closely monitored by investors and often used to access a Reit’s financial leverage.As of end-February this year, the 40 actively traded S-Reits and Property Trusts had an average gearing ratio of 37.7 per cent, below the regulatory limit of 50 per cent if the minimum interest coverage ratio (ICR) is at least 2.5 times, imposed by the Monetary Authority of Singapore (MAS).

REIT Watch – 10 S-REITs with lowest gearing ratios average 32% gearing

<ul><li>Source: Company announcements extracted as of 27 Jan 2023 before market opens.</li><li>Five S-Reits have released their financial results or business updates for the latest reporting period, of which Suntec Reit announced its full year results.</li><li>However, full year DPU grew 2.5 per cent to 8.884 cents due to higher NPI contribution and a capital distribution of S$23.0 million.</li></ul>

Source: Company announcements extracted as of 27 Jan 2023 before market opens.Five S-Reits have released their financial results or business updates for the latest reporting period, of which Suntec Reit announced its full year results.However, full year DPU grew 2.5 per cent to 8.884 cents due to higher NPI contribution and a capital distribution of S$23.0 million.

REIT Watch - S-Reits’ upcoming 2022 report cards

<ul><li>REIT Watch - S-REIT earnings and updates schedule for this reporting season Some 33 S-Reits and property trusts have confirmed dates of their upcoming financial results or business updates for this reporting season, with SPH Reit 0% kicking off the release of its full year FY22 financial results, along with Sabana Industrial Reit’s +1.28% Q3 FY22 business update.</li><li>Sabana Industrial Reit updated that it reached portfolio occupancy levels of 89.1 per cent, a new high since Q3FY17.</li></ul>

REIT Watch - S-REIT earnings and updates schedule for this reporting season Some 33 S-Reits and property trusts have confirmed dates of their upcoming financial results or business updates for this reporting season, with SPH Reit 0% kicking off the release of its full year FY22 financial results, along with Sabana Industrial Reit’s +1.28% Q3 FY22 business update.Sabana Industrial Reit updated that it reached portfolio occupancy levels of 89.1 per cent, a new high since Q3FY17.

REIT Watch - S-Reits confirm schedule for latest results and updates

Singapore

Sabana Industrial Real Estate Investment Trust is a real estate investment trust. The Trust focuses on investments in income-producing real estate used for industrial purposes in Asia, as well as real estate-related assets, in line with Sabana investment principles.

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

Sabana Industrial REIT (SSREIT SP)

REIT Watch – Industrial S-Reits record positive rental reversions

REIT Watch – Industrial S-Reits record positive rental reversions Mapletree Logistics Trust (MLT), Aims Apac Reit (AAReit) and Mapletree...

Singapore Exchange Ltd (SGX)

REIT Watch – 10 S-REITs with lowest gearing ratios average 32% gearing

10 S-Reits with lowest gearing ratios A key metric for Reits is the gearing ratio, also known as aggregated leverage, which is a metric closely...

Singapore Exchange Ltd (SGX)

S-Reits’ upcoming 2022 report cards

Source: Company announcements extracted as of 27 Jan 2023 before market opens. Five S-Reits have released their financial results or business...

Singapore Exchange Ltd (SGX)

REIT Watch - S-Reits’ upcoming 2022 report cards

Source: Company announcements extracted as of 27 Jan 2023 before market opens. Five S-Reits have released their financial results or business...

Singapore Exchange Ltd (SGX)

REIT Watch - S-Reits confirm schedule for latest results and updates

REIT Watch - S-REIT earnings and updates schedule for this reporting season Some 33 S-Reits and property trusts have confirmed dates of their...

Singapore Exchange Ltd (SGX)

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)