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>Singapore’s Energy Sector was the strongest of Singapore’s stock Sectors in October, with a 10.4% market capitalisation weighted total return on oil and coal price swings. This followed on from Energy also being the strongest of the Sectors back in September.</li><li>The 10 largest capitalised stocks of Singapore’s Energy Sector averaged a 12.5% total return in October, consisting of seven advancing stocks and three declining stocks. CAO, the largest capitalised stock of Singapore’s Energy Sector is scheduled to report 3Q16 results Wednesday.</li><li>Two of the 10 largest capitalised Energy stocks, Geo Energy Resources and KrisEnergy also ranked amongst the 10 actively traded stocks that saw the biggest increase in their October traded volume, compared to respective three month average volumes. Geo Energy Resources was the fifth biggest volume leader while KrisEnergy was the sixth biggest volume leader.</li></ul>

Singapore’s Energy Sector was the strongest of Singapore’s stock Sectors in October, with a 10.4% market capitalisation weighted total return on oil and coal price swings. This followed on from Energy also being the strongest of the Sectors back in September.The 10 largest capitalised stocks of Singapore’s Energy Sector averaged a 12.5% total return in October, consisting of seven advancing stocks and three declining stocks. CAO, the largest capitalised stock of Singapore’s Energy Sector is scheduled to report 3Q16 results Wednesday.Two of the 10 largest capitalised Energy stocks, Geo Energy Resources and KrisEnergy also ranked amongst the 10 actively traded stocks that saw the biggest increase in their October traded volume, compared to respective three month average volumes. Geo Energy Resources was the fifth biggest volume leader while KrisEnergy was the sixth biggest volume leader.

Energy the Strongest Sector in October on Oil & Coal Price Swings

SGX lists four Upstream Coal Plays: Geo Energy Resources, Resources Prima Group, BlackGold Natural Resources and Golden Energy &amp; Resources.Geo Energy Resources has been the strongest performer among the four upstream plays in the 2016 year to date with a 37.9% gain. On 12 August,  Geo Energy Group reported that for the six months ending 30 June 2016, company revenue was US$33 million compared to US$10 million for the same period a year ago.

SGX lists four Upstream Coal Plays: Geo Energy Resources, Resources Prima Group, BlackGold Natural Resources and Golden Energy &amp; Resources.Geo Energy Resources has been the strongest performer among the four upstream plays in the 2016 year to date with a 37.9% gain. On 12 August,  Geo Energy Group reported that for the six months ending 30 June 2016, company revenue was US$33 million compared to US$10 million for the same period a year ago.

Geo Energy Resources Led Upstream Coal Plays in 2016 YTD

Asia Pac IPO & Placement Research, China biotech, Aequitas Research

Ke Yan, CFA, FRM

Asia Pac IPO & Placement Research, China biotech

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Equity Capital Markets

Yinson Holdings Bhd's shareholder are placing out up to US$80m of his stake. In this insight, we will look at fundamentals of the company and score the deal in our quantitative ECM framework.<h2>Placement Specifics</h2><ul>
<li>Company Name: Yinson Holdings BHD</li>
<li>Ticker: YNS MK Equity</li>
<li>Secondary offering - Accelerated Bookbuild</li>
<li>Settlement date:1 Nov, 2016</li>
<li>Indicative deal price -3.00-3.05</li>
<li>Last Traded Price: MYR3.18</li>
<li>Implied placing discount: 4.1-5.7%</li>
<li>Offer Size (m): ~USD90 / MYR375</li>
<li>ADV (m): ~USD.42 / MYR1.76</li>
<li>This is a large…</li>
</ul>

Yinson Holdings Bhd's shareholder are placing out up to US$80m of his stake. In this insight, we will look at fundamentals of the company and score the deal in our quantitative ECM framework.Placement Specifics
Company Name: Yinson Holdings BHD
Ticker: YNS MK Equity
Secondary offering - Accelerated Bookbuild
Settlement date:1 Nov, 2016
Indicative deal price -3.00-3.05
Last Traded Price: MYR3.18
Implied placing discount: 4.1-5.7%
Offer Size (m): ~USD90 / MYR375
ADV (m): ~USD.42 / MYR1.76
This is a large…


Yinson Placement: Earning Visibility Is the Key

Co-founder & Managing Director, Marketnomix 

Rajan Govil

Co-founder & Managing Director

Marketnomix 

Macroeconomics

Industrial production in Malaysia grew 2.7% y-o-y in May 2016 compared to 3.0% y-o-y in April. The slowdown seen in the latest data release comes on the back of relatively stable industrial production growth seen in the January-April period. The main contribution to industrial production came from electricity production and manufacturing, while mining continued to exhibit weakness.Electricity production grew 8.9% y-o-y in May on a 3-month moving average basis compared to 9.1% y-o-y in April…

Industrial production in Malaysia grew 2.7% y-o-y in May 2016 compared to 3.0% y-o-y in April. The slowdown seen in the latest data release comes on the back of relatively stable industrial production growth seen in the January-April period. The main contribution to industrial production came from electricity production and manufacturing, while mining continued to exhibit weakness.Electricity production grew 8.9% y-o-y in May on a 3-month moving average basis compared to 9.1% y-o-y in April…

Malaysia: Bank Negara Malaysia Cuts Rates by 25 Basis Points; Data Reflects Slowing Domestic Demand

<a href="https://www.smartkarma.com/entities/15640" target="_blank" data-smartkarma-citation="entities:15640">Sapurakencana Petroleum Bhd</a> (SAKP MK)'s strategic shareholder, <a href="https://www.smartkarma.com/entities/15294" target="_blank" data-smartkarma-citation="entities:15294">Seadrill Ltd</a> , is placing 490m shares (US$195-208m) after market today. Seadrill, a global leader in offshore drilling, has been a strategic shareholder of SapuraKencana post its restructuring and IPO in 2012. The deal scores poorly in our Smartkarma Placement framework, mainly due to its large volume, negative earning revision, and high leverage. Placement specifics<ul>
<li>Company Name: SapuraKencana Petroleum Bhd</li>
<li>Ticker: SAKP MK Equity</li>
<li>…</li>
</ul>

Sapurakencana Petroleum Bhd (SAKP MK)'s strategic shareholder, Seadrill Ltd , is placing 490m shares (US$195-208m) after market today. Seadrill, a global leader in offshore drilling, has been a strategic shareholder of SapuraKencana post its restructuring and IPO in 2012. The deal scores poorly in our Smartkarma Placement framework, mainly due to its large volume, negative earning revision, and high leverage. Placement specifics
Company Name: SapuraKencana Petroleum Bhd
Ticker: SAKP MK Equity
…


SapuraKencana Placement: SDRL Final Exits with Large Volume.

Malaysia

Wah Seong Corporation Berhad is an investment holding company. Through its subsidiaries, the Company provides pipe-coating services, manufactures spiral welded steel pipes, distributes building materials, installs metal roofing, produces plastic extrusion structural materials, assembles plastic doors and window frames, and provides industrial engineering services.

Icon Offshore Bhd is a pure-play offshore support vessel (OSV) provider in Malaysia.  The Company provides a wide range of logistical support services throughout the entire entire offshore oil and gas life cycle, from exploration and appraisal, field development and operation and maintenance, through to decommissioning.

Perdana Petroleum BHD provides offshore Marine and Integrated Brown Field Services for the upstream oil & gas industry.

Deleum Bhd. is an investment holding company. The Company, through its subsidiaries, provides a wide range of products and services to the oil and gas industry, including gas turbine technical services, exploration and production equipment and services, gas turbine packages, specialized products and services and oilfield chemical and services

Uzma Bhd is an investment holding company. The Company through its subsidiaries works with provision of oil and gas geoscience and reservoir engineering services, provision of oil and gas drilling and operations services and provision of oil and gas project and operations services. Uzma activities also include oil and gas engineer and personal replacement and management systems.

Petra Energy Bhd. is an investment holding company. The Company's core business activities in integrated brown field services include operations & maintenance, oil field optimization, retrofits, domestic vessel re-chartering, design and fabrication of process equipment and packaging and supply of engineered equipment for the oil and gas industry.

Tanjung Offshore Bhd., through its subsidiaries, provides integrated services and equipment to the oil and gas and related industries in Malaysia. The Company's services include engineering equipment and spare parts, marine services, and maintenance and other support services.

KNM Group Berhad is an investment holding company. Through its subsidiaries, the Company designs, manufactures, and maintains process equipment, pressure vessels, heat exchangers, skid mounted assemblies, process pipe systems, storage tanks, specialized structural assemblies and module assemblies for the oil, gas and petrochemical industries.

Marine & General Berhad provides marine transportation support services. The Company offers marine logistics services to the upstream and downstream oil and gas industries.

Carimin Petroleum Berhad provides technical and engineering support services to clients within the Oil and Gas Industry in Malaysia. The Company specializes in engineering, scheduled/work pack development, procurement, structural/piping fabrication, electrical/instrumentation installation, pre-commissioning and commissioning activities.

Jutal Offshore Oil Services Limited provides technical support services in offshore oil and natural gas exploration and production. The Company also desgins, fabricates and sells oil and natural gas processing skid equipment.

Xinjiang Zhundong Petroleum Technology Co., Ltd. conducts mobile survey and provides technical services for oil and gas explorations.

Xinjiang Zhundong Petroleum Tech (002207 CH)

Jindal Drilling & Industries Ltd. explores for and produces oil and gas properties in the offshore areas of India.

Mermaid Maritime PCL is a provider of drilling and sub-sea engineering services for the offshore oil and gas industry. The Company's sub-sea engineering division services clients in South East Asia, India, China, Sakhlin, the North Sea, the Middle East and South America.

TOYO KANETSU K.K. manufactures conveyors and automated warehousing equipment used in distribution systems.  The Company also designs, manufactures, sells, and installs crude oil and liquefied natural gas (LNG) low-temperature tanks.

Anton Oilfield Services Group provides onshore oilfield services and products. The Company provides oilfield services and products in the areas of well, drilling, production, and field services.

Shanghai SK Petroleum & Chemical Equipment Corporation Ltd. researches , develops, and manufactures petroleum exploration instrument and petroleum machinery.

Asian Oilfield Services Ltd. carries out manual and mechanized shot hole drilling activities at Ahmedabad.

Shandong Molong Petroleum Machinery Company Limited manufactures and sells petroleum extraction machinery and related accessories.  The Company's products include five main categories, namely, oil well pipes, oil well sucker rods, oil well pumps, oil well pumping machines, and other petroleum extraction machinery accessories.

Sevan Marine ASA manufactures equipment for the offshore oil and natural gas industry.  The Company designs and produces floating production and storage platforms.

SapuraEnergy is a full fledged upstream oil and gas company. The Company provides engineering, procurement, construction, installation and commissioning services through its fabrication, hook-up and commissioning, and Offshore Construction and Subsea Services divisions.

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Sapura Energy (SAPE MK)

Energy the Strongest Sector in October on Oil & Coal Price Swings

Singapore’s Energy Sector was the strongest of Singapore’s stock Sectors in October, with a 10.4% market capitalisation weighted total return on...

Singapore Exchange Ltd (SGX)

Geo Energy Resources Led Upstream Coal Plays in 2016 YTD

SGX lists four Upstream Coal Plays: Geo Energy Resources, Resources Prima Group, BlackGold Natural Resources and Golden Energy & Resources.Geo...

Singapore Exchange Ltd (SGX)

Yinson Placement: Earning Visibility Is the Key

Yinson Holdings Bhd's shareholder are placing out up to US$80m of his stake. In this insight, we will look at fundamentals of the company and score...

Ke Yan, CFA, FRM

Malaysia: Bank Negara Malaysia Cuts Rates by 25 Basis Points; Data Reflects Slowing Domestic Demand

Industrial production in Malaysia grew 2.7% y-o-y in May 2016 compared to 3.0% y-o-y in April. The slowdown seen in the latest data release comes...

Rajan Govil

SapuraKencana Placement: SDRL Final Exits with Large Volume.

Sapurakencana Petroleum Bhd (SAKP MK)'s strategic shareholder, Seadrill Ltd , is placing 490m shares (US$195-208m) after market today. Seadrill, a...

Ke Yan, CFA, FRM

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