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

Great Eastern Holdings / Equity Bottom-Up

<ul><li>Share buybacks by primary listed companies 16 - 22 Jun 2023 UOB, OCBC, Keppel Corporation, ST Engineering and Singtel led the net institutional outflow for the five sessions.</li><li>On Jun 19, OCBC acquired 2,345,800 shares of Great Eastern Holdings at S$16.99 per share.</li></ul>

Share buybacks by primary listed companies 16 - 22 Jun 2023 UOB, OCBC, Keppel Corporation, ST Engineering and Singtel led the net institutional outflow for the five sessions.On Jun 19, OCBC acquired 2,345,800 shares of Great Eastern Holdings at S$16.99 per share.

Nio enters share subscription agreement with CYVN Holdings; OCBC ups Great Eastern stake

<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" "http://www.w3.org/TR/REC-html40/loose.dtd">

Fledgling Index’s Five Best-Performing New Constituents Avg 21% YTD Gain

Asia's Leading Online Property Group, PropertyGuru

Bjorn Sprengers

Asia's Leading Online Property Group

PropertyGuru

PropertyGuru Pte Ltd owns and operates a real estate property information website. The Company offers facilities to search for condominiums, apartments, Housing and Development Board (HDB) flats, serviced apartments, houses, and commercial properties to rent and buy in Singapore.

Thematic (Sector/Industry)

In Part 2 of our 4 part series we address the outlook for the rental market for private residential:<ul><li>The URA’s rental price index for private homes fell 10.6 percent between Q3 2013 and Q3 2016. Analysts are forecasting a significant drop in rents of up to 15 percent this year.</li><li>The volume of foreign manpower is still increasing but at a slower pace. The slowdown in the global economy and the volatility in some industries has resulted in numerous layoffs and renters tightening their belts.</li><li>Renters are expected to focus their attention on the OCR for good rental deals, as prices there fell the most by 6.7 percent in 2016.</li><li> Landlords are expected to provide more incentives to attract tenants, such as flexible lease terms and furnishings to prevent their units from being left vacant over long periods of time</li></ul>

In Part 2 of our 4 part series we address the outlook for the rental market for private residential:The URA’s rental price index for private homes fell 10.6 percent between Q3 2013 and Q3 2016. Analysts are forecasting a significant drop in rents of up to 15 percent this year.The volume of foreign manpower is still increasing but at a slower pace. The slowdown in the global economy and the volatility in some industries has resulted in numerous layoffs and renters tightening their belts.Renters are expected to focus their attention on the OCR for good rental deals, as prices there fell the most by 6.7 percent in 2016. Landlords are expected to provide more incentives to attract tenants, such as flexible lease terms and furnishings to prevent their units from being left vacant over long periods of time

Singapore Residential - Property Market Outlook - Green Shoots Emerging (Part 2 of 4)

In Part 1 of our 4 part series we address the outlook for the sales market for private residential:<ul><li>Private home prices in the Outside Central Region (OCR) are expected to drop by about 2.5 percent in 2017, down from 3.1 percent in 2016 and 3.7 percent in the year before.</li><li>Home buyer affordability will be affected by the ongoing cooling measures, particularly the Total Debt Servicing Ratio (TDSR) and Mortgage Servicing Ratio (MSR).</li><li>In a bid to prevent an oversupply situation in the market, fewer government land sales sites will be released. This will cut the housing supply by a few thousand units in the next two years.</li><li>New private home sales are expected to reach about 8,000 units in 2017. Pent-up demand in the market is likely to contribute to better take-up rates at projects with good location and pricing attributes. </li></ul>

In Part 1 of our 4 part series we address the outlook for the sales market for private residential:Private home prices in the Outside Central Region (OCR) are expected to drop by about 2.5 percent in 2017, down from 3.1 percent in 2016 and 3.7 percent in the year before.Home buyer affordability will be affected by the ongoing cooling measures, particularly the Total Debt Servicing Ratio (TDSR) and Mortgage Servicing Ratio (MSR).In a bid to prevent an oversupply situation in the market, fewer government land sales sites will be released. This will cut the housing supply by a few thousand units in the next two years.New private home sales are expected to reach about 8,000 units in 2017. Pent-up demand in the market is likely to contribute to better take-up rates at projects with good location and pricing attributes.   

Singapore Residential - Property Market Outlook - Green Shoots Emerging (Part 1 of 4)

Research and consultancy, Tabbush Report

Daniel Tabbush

Research and consultancy

Tabbush Report

We provide research and consultancy on Asian banks. Our focus is on what we call “Asian bank research, without the noise.” We are interested in the most critical swing-factors for banks, the NPL and credit cycle, and where we believe there is a gap between perception and reality. We often focus on the less studied components of bank financial statements.  Our research is highly thematic, sometimes examining unlisted banks and companies as a window on mainstream banks. 

Being independent allows us to look at smaller banks, often overlooked by others. Analysis of BIS bank guidelines in the context of Asia, is also a focal point, while we also analyze global banks operating in the region. We use what we believe is the most comprehensive, reliable financials database, SNL Financial. S&P Capital IQ augments our database, with corporate data and CEIC, with economics. 

Asian bank research, without the noise.

We doubt there are many people who believe that China’s banks have especially safe corporate exposure. Few believe the low 1.8% NPL ratio that China’s banks report. So when NPLs and credit costs ratchet higher, it will hurt, but will not be totally unexpected. Singapore is the opposite extreme, and this is what is of real interest: where there is a giant gap between perception and reality. We turn to Google as a proxy on what the world believes.We note the number of results for the search “China…

We doubt there are many people who believe that China’s banks have especially safe corporate exposure. Few believe the low 1.8% NPL ratio that China’s banks report. So when NPLs and credit costs ratchet higher, it will hurt, but will not be totally unexpected. Singapore is the opposite extreme, and this is what is of real interest: where there is a giant gap between perception and reality. We turn to Google as a proxy on what the world believes.We note the number of results for the search “China…

Singapore Banks: A Far Greater Perception-Reality Gap Compared with China Banks

Singapore

Sing Investments & Finance Limited provides loans and credit services to individuals and businesses.  The Company also offers deposit, hire purchase financing, mortgage lending, stock and share financing, trade and inventory financing, equipment leasing, and nominee services.

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

Sing Investments & Finance (SIF SP)

Fledgling Index’s Five Best-Performing New Constituents Avg 21% YTD Gain

Singapore Exchange Ltd (SGX)

Singapore Residential - Property Market Outlook - Green Shoots Emerging (Part 2 of 4)

In Part 2 of our 4 part series we address the outlook for the rental market for private residential: The URA’s rental price index for private homes...

PropertyGuru

Singapore Residential - Property Market Outlook - Green Shoots Emerging (Part 1 of 4)

In Part 1 of our 4 part series we address the outlook for the sales market for private residential: Private home prices in the Outside Central...

PropertyGuru

Singapore Banks: A Far Greater Perception-Reality Gap Compared with China Banks

We doubt there are many people who believe that China’s banks have especially safe corporate exposure. Few believe the low 1.8% NPL ratio that...

Daniel Tabbush

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Nio enters share subscription agreement with CYVN Holdings; OCBC ups Great Eastern stake

Share buybacks by primary listed companies 16 - 22 Jun 2023 UOB, OCBC, Keppel Corporation, ST Engineering and Singtel led the net institutional...

Singapore Exchange Ltd (SGX)

Fledgling Index’s Five Best-Performing New Constituents Avg 21% YTD Gain

Singapore Exchange Ltd (SGX)

Singapore Residential - Property Market Outlook - Green Shoots Emerging (Part 2 of 4)

In Part 2 of our 4 part series we address the outlook for the rental market for private residential: The URA’s rental price index for private homes...

PropertyGuru

Singapore Residential - Property Market Outlook - Green Shoots Emerging (Part 1 of 4)

In Part 1 of our 4 part series we address the outlook for the sales market for private residential: Private home prices in the Outside Central...

PropertyGuru

Singapore Banks: A Far Greater Perception-Reality Gap Compared with China Banks

We doubt there are many people who believe that China’s banks have especially safe corporate exposure. Few believe the low 1.8% NPL ratio that...

Daniel Tabbush