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.

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STI’s Strongest Sectors in YTD – Real Estate, Financials & Industrials

Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

Smartkarma

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

Research Reinvented

Equity Capital Markets

Our Insight last week detailed the issues that we planned to highlight in our response to FCA's consultation paper (“<a href="https://www.fca.org.uk/publications/consultation-papers/reforming-availability-information-uk-equity-ipo-process" target="_blank">Reforming the availability of information in the UK equity IPO process</a>”).  After incorporating some of the feedback that we received, we have lodged our official response with FCA. Our answers to each of the questions are below. In addition, we have lodged a written response along the lines of our earlier Insight.With your support, we hope to take up the issue of equitable access to information and management for Independent Analysts with regulators in other jurisdictions across Asia. As always, we would love to hear any feedback or ideas that you may have either via the comments section below or a direct message to any of the Smartkarma Team.

Our Insight last week detailed the issues that we planned to highlight in our response to FCA's consultation paper (“Reforming the availability of information in the UK equity IPO process”).  After incorporating some of the feedback that we received, we have lodged our official response with FCA. Our answers to each of the questions are below. In addition, we have lodged a written response along the lines of our earlier Insight.With your support, we hope to take up the issue of equitable access to information and management for Independent Analysts with regulators in other jurisdictions across Asia. As always, we would love to hear any feedback or ideas that you may have either via the comments section below or a direct message to any of the Smartkarma Team.

Breaking the Bank: Time to End the IPO Rort - Our Official Response

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)

ASEAN Insight Provider, CrossASEAN Research

Angus Mackintosh

ASEAN Insight Provider

<h2>The Week That Was in ASEAN@Smartkarma</h2>In this week's ASEAN weekly, better consumption numbers in Indonesia are a theme, with <a href="https://www.smartkarma.com/profiles/937" target="_blank" data-smartkarma-citation="accounts:937">Angus Mackintosh</a>highlighting better numbers for February in <a href="https://www.smartkarma.com/insights/ace-hardware-consumers-are-back-on-the-ground-in-j-town" target="_blank" data-smartkarma-citation="insights:9387">ACE Hardware - Consumers Are Back!</a> and writing about more optimism on mortgages in <a href="https://www.smartkarma.com/insights/bank-central-asia-surprising-in-its-positivity-on-the-ground-in-j-town" target="_blank" data-smartkarma-citation="insights:9343">Bank Central Asia - Surprising in Its Positivity</a>. <a href="https://www.smartkarma.com/profiles/1006" target="_blank" data-smartkarma-citation="accounts:1006">Henry Soediarko</a>  writes on <a href="https://www.smartkarma.com/entities/23035" target="_blank" data-smartkarma-citation="entities:23035">GMA Network Inc (GMA7 PM)</a> which is the second largest TV network in the Philippines, trading on almost a five-year low PER, with a dividend yield of 6.5%.We…

The Week That Was in ASEAN@SmartkarmaIn this week's ASEAN weekly, better consumption numbers in Indonesia are a theme, with Angus Mackintoshhighlighting better numbers for February in ACE Hardware - Consumers Are Back! and writing about more optimism on mortgages in Bank Central Asia - Surprising in Its Positivity. Henry Soediarko  writes on GMA Network Inc (GMA7 PM) which is the second largest TV network in the Philippines, trading on almost a five-year low PER, with a dividend yield of 6.5%.We…

The Week That Was in ASEAN@Smartkarma - Consumers, Frontiers, and Mortgages

Singapore

Singapore Exchange Limited owns and operates Singapore's Securities and derivatives exchange and their related clearing houses.  The Company also provides ancillary securities processing and information technology services to participants in the financial sector.

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SGX (SGX SP)

STI’s Strongest Sectors in YTD – Real Estate, Financials & Industrials

Singapore Exchange Ltd (SGX)

Breaking the Bank: Time to End the IPO Rort - Our Official Response

Our Insight last week detailed the issues that we planned to highlight in our response to FCA's consultation paper (“Reforming the availability of...

Sumeet Singh

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

The Week That Was in ASEAN@Smartkarma - Consumers, Frontiers, and Mortgages

The Week That Was in ASEAN@SmartkarmaIn this week's ASEAN weekly, better consumption numbers in Indonesia are a theme, with Angus...

Angus Mackintosh

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Market Cap (USDm)

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