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>Within the Singapore stock market, Sembcorp Industries and Seatrium have booked the most net institutional fund inflows in the year to Jul 18.</li><li>Seatrium has been Singapore’s sixth most traded stock, while Sembcorp Industries has ranked among the 15 most traded stocks, up from ranking among the 30 most traded stocks in 2022.</li><li>Overall, Singapore Exchange-listed stocks have booked S$2.8 billion of net institutional fund outflow and S 4 billion of net retail inflow in the 2023 year to Jul 18.</li></ul>

Within the Singapore stock market, Sembcorp Industries and Seatrium have booked the most net institutional fund inflows in the year to Jul 18.Seatrium has been Singapore’s sixth most traded stock, while Sembcorp Industries has ranked among the 15 most traded stocks, up from ranking among the 30 most traded stocks in 2022.Overall, Singapore Exchange-listed stocks have booked S$2.8 billion of net institutional fund outflow and S 4 billion of net retail inflow in the 2023 year to Jul 18.

Taking stock of institutional and retail fund flows

<ul><li>The STI generated a 2.4% total return over the first 15 weeks of 2023, with 20 gainers, one stock unchanged and nine decliners.</li><li>The five strongest performers of the STI in the YTD included Sembcorp Ind, Keppel Corp, Genting Sing, Keppel DC REIT and Mapletree Log Tr, with the five stocks averaging 22% total returns, while the decliners were led by CityDev, YZJ Shipbldg, ThaiBev, Singtel and HongkongLand, which averaged a 6% decline in total returns.</li><li>Following a 73% total return on S$220 million of net institutional inflow in 2022, Sembcorp Industries has generated a 27% total return on S$90 million of net institutional inflow.</li></ul>

The STI generated a 2.4% total return over the first 15 weeks of 2023, with 20 gainers, one stock unchanged and nine decliners.The five strongest performers of the STI in the YTD included Sembcorp Ind, Keppel Corp, Genting Sing, Keppel DC REIT and Mapletree Log Tr, with the five stocks averaging 22% total returns, while the decliners were led by CityDev, YZJ Shipbldg, ThaiBev, Singtel and HongkongLand, which averaged a 6% decline in total returns.Following a 73% total return on S$220 million of net institutional inflow in 2022, Sembcorp Industries has generated a 27% total return on S$90 million of net institutional inflow.

STI Maintains 2.4% YTD Total Return as GDP Growth Slows 

<ul><li>Primary listed stocks that filed highest buyback considerations Q1 2023 The two stocks that filed the highest buyback consideration in Q1 2023 were OCBC and Sembcorp Industries.</li><li>The buyback considerations of these five companies made up just over three-fifths of the S$126 million in combined consideration for Q1 2023.</li></ul>

Primary listed stocks that filed highest buyback considerations Q1 2023 The two stocks that filed the highest buyback consideration in Q1 2023 were OCBC and Sembcorp Industries.The buyback considerations of these five companies made up just over three-fifths of the S$126 million in combined consideration for Q1 2023.

OCBC and Sembcorp Industries lead Q1 buyback considerations

Asian Pay Television Trust / Equity Bottom-Up

<ul><li>Sembcorp leads buyback tally for second consecutive week Meanwhile, UOB, Genting Singapore, Golden Agri-Resources Wilmar International and Sembcorp Industries led the net institutional inflow for the five sessions.</li><li>Executive director and chief operating officer Ng Mun Fey also acquired one million shares in a married deal on Mar 22, increasing his deemed interest in the Catalist listed stock from 7.12 per cent to 7.32 per cent.</li></ul>

Sembcorp leads buyback tally for second consecutive week Meanwhile, UOB, Genting Singapore, Golden Agri-Resources Wilmar International and Sembcorp Industries led the net institutional inflow for the five sessions.Executive director and chief operating officer Ng Mun Fey also acquired one million shares in a married deal on Mar 22, increasing his deemed interest in the Catalist listed stock from 7.12 per cent to 7.32 per cent.

Sembcorp leads buyback tally for second consecutive week

Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>This insight comes as one-half of a pair. The problem: I cannot label one insight as a pair trade, and there are different dynamics at play.</li>
<li>This insight discusses the dynamics of <a href="https://www.smartkarma.com/entities/keppel-corp-ltd" target="_blank" data-smartkarma-citation="entities:12:1" rel="noopener">Keppel Corp (KEP SP)</a> as the SMM takeover of Keppel O&amp;M nears. The deal goes effective 28 February but KEP trades ex- on 23 February.</li>
<li>While not as egregiously mis-priced as SCI vs SMM in autumn 2021, NEW KEPPEL appears under-priced here. </li>
</ul>


This insight comes as one-half of a pair. The problem: I cannot label one insight as a pair trade, and there are different dynamics at play.
This insight discusses the dynamics of Keppel Corp (KEP SP) as the SMM takeover of Keppel O&amp;M nears. The deal goes effective 28 February but KEP trades ex- on 23 February.
While not as egregiously mis-priced as SCI vs SMM in autumn 2021, NEW KEPPEL appears under-priced here. 


Keppel Goes Ex- SMM Spinoff This Week - NEWKEP Is Still A Buy

Singapore

Sembcorp Industries Ltd provides utilities and integrated services for industrial sites such as power, gas, steam, water, wastewater treatment and other on-site services. The Company's businesses also include marine & offshore engineering and urban development comprising industrial parks and business, commercial and residential spaces.

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

Sembcorp Industries (SCI SP)

Taking stock of institutional and retail fund flows

Within the Singapore stock market, Sembcorp Industries and Seatrium have booked the most net institutional fund inflows in the year to Jul...

Singapore Exchange Ltd (SGX)

STI Maintains 2.4% YTD Total Return as GDP Growth Slows

The STI generated a 2.4% total return over the first 15 weeks of 2023, with 20 gainers, one stock unchanged and nine decliners. The five strongest...

Singapore Exchange Ltd (SGX)

OCBC and Sembcorp Industries lead Q1 buyback considerations

Primary listed stocks that filed highest buyback considerations Q1 2023 The two stocks that filed the highest buyback consideration in Q1 2023...

Singapore Exchange Ltd (SGX)

Sembcorp leads buyback tally for second consecutive week

Sembcorp leads buyback tally for second consecutive week Meanwhile, UOB, Genting Singapore, Golden Agri-Resources Wilmar International and...

Singapore Exchange Ltd (SGX)

Keppel Goes Ex- SMM Spinoff This Week - NEWKEP Is Still A Buy

Keppel Corp today = NEW KEP and 19.1 shares of SMM. NEWKEP is probably underpriced. SMM is a sell because of significant overhang (there may be a...

Travis Lundy

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)