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.

Asia’s leading multi-asset exchange

SGX Market Strategist, Equity & Fixed Income, Singapore Exchange Ltd (SGX)

Geoff Howie

SGX Market Strategist, Equity & Fixed Income

Equity Bottom-Up

Mapletree Logistics Trust / Equity Bottom-Up

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Majority of the STI Constituents are sticking to quarterly reporting. DBS and OCBC Bank are opting for abridged financial disclosures instead of the detailed quarterly earnings reports. 
	 </li>
	<li>
SPH kicked off the current financial reporting season for STI constituents on 7 April with the release of its fiscal 2Q ended 29 February 2020 earnings. 
	 </li>
	<li>Another six constituents – Mapletree Commercial Trust, Mapletree Logistics Trust, SGX, Keppel Corp, DBS Bank and UOB – have announced that they will unveil results for the quarter ended 31 March 2020 over the next few weeks.</li>
</ul>
The Straits Times Index (STI) is the most globally recognised benchmark index and market barometer for Singapore. With a history dating back to 1966, the diversified index tracks the performance of the 30 largest and most liquid companies listed on Singapore Exchange. These 30 constituents have foundations spanning three centuries and multiple sectors, while maintaining a balance between local and regional economic exposures. Currently, these 30 stocks have a combined market capitalisation of over S$400 billion.

 Singapore Press Holdings kicked off the current financial reporting season for STI constituents on 7 April with the release of its fiscal 2Q ended 29 February 2020 <a href="https://links.sgx.com/FileOpen/SPH%20Press%20Release1HFY20.ashx?App=Announcement&amp;FileID=605444">earnings</a>. Another six constituents have announced that they will unveil results for the quarter ended 31 March 2020 over the next few weeks:

<table class="table table-striped"><tbody>
<tr>
<td>
			Name
			</td>
			<td>
			Date
			</td>
		</tr>
<tr>
<td>
			Mapletree Commercial Trust                   
			</td>
			<td>
			22-Apr-20
			</td>
		</tr>
<tr>
<td>
			Mapletree Logistics Trust                         
			</td>
			<td>
			23-Apr-20
			</td>
		</tr>
<tr>
<td>
			Singapore Exchange                                  
			</td>
			<td>
			24-Apr-20
			</td>
		</tr>
<tr>
<td>
			Keppel Corp                                                
			</td>
			<td>
			29-Apr-20
			</td>
		</tr>
<tr>
<td>
			DBS Bank                
			</td>
			<td>
			30-Apr-20
			</td>
		</tr>
<tr>
<td>
			United Overseas Bank                           
			</td>
			<td>
			6-May-20
			</td>
		</tr>
</tbody></table>
 Note that DBS Bank has opted for abridged financial disclosures, instead of detailed quarterly earnings reports, for its 1Q and 3Q results. These reports will include profit and loss account, key balance sheet items and financial ratios, as well as business commentary.

For more updated earnings releases by other STI stocks, check out the weekly <a href="https://www.sgxacademy.com/economiccalendar/">Economic Calendar</a>.

The table below details released, confirmed and estimated dates of earnings reports by STI constituents, sorted by date. Excluded from this list are Hongkong Land, Dairy Farm Intl, Jardine Matheson and Jardine Strategic, which already report earnings on a semi-annual basis. Also excluded from this list are ComfortDelGro Corp, Venture Corp, City Developments, UOL Group and Genting Singapore, which have opted to report their results on a semi-annual basis after the regulator abolished mandatory quarterly reporting on 7 Feb 2020.

<table class="table table-striped"><tbody>
<tr>
<td>
			Name
			</td>
			<td>
			SGX Code
			</td>
			<td>
			Market Cap (S$)
			</td>
			<td>
			Date
			</td>
			<td>
			Date Type
			</td>
		</tr>
<tr>
<td>
			SINGAPORE PRESS HOLDINGS
			</td>
			<td>
			T39
			</td>
			<td>
			2,471,044,608
			</td>
			<td>
			7-Apr-20
			</td>
			<td>
			Released
			</td>
		</tr>
<tr>
<td>
			MAPLETREE COMMERCIAL TRUST
			</td>
			<td>
			N2IU
			</td>
			<td>
			5,225,866,752
			</td>
			<td>
			22-Apr-20
			</td>
			<td>
			Confirmed
			</td>
		</tr>
<tr>
<td>
			MAPLETREE LOGISTICS TRUST
			</td>
			<td>
			M44U
			</td>
			<td>
			5,890,423,808
			</td>
			<td>
			23-Apr-20
			</td>
			<td>
			Confirmed
			</td>
		</tr>
<tr>
<td>
			SINGAPORE EXCHANGE
			</td>
			<td>
			S68
			</td>
			<td>
			9,983,333,376
			</td>
			<td>
			24-Apr-20
			</td>
			<td>
			Confirmed
			</td>
		</tr>
<tr>
<td>
			CAPITALAND COMMERCIAL TRUST
			</td>
			<td>
			C61U
			</td>
			<td>
			5,406,626,816
			</td>
			<td>
			24-Apr-20
			</td>
			<td>
			Estimated
			</td>
		</tr>
<tr>
<td>
			CAPITALAND MALL TRUST
			</td>
			<td>
			C38U
			</td>
			<td>
			5,978,050,560
			</td>
			<td>
			24-Apr-20
			</td>
			<td>
			Estimated
			</td>
		</tr>
<tr>
<td>
			JARDINE CYCLE &amp; CARRIAGE
			</td>
			<td>
			C07
			</td>
			<td>
			7,410,680,320
			</td>
			<td>
			24-Apr-20
			</td>
			<td>
			Estimated
			</td>
		</tr>
<tr>
<td>
			ASCENDAS REIT
			</td>
			<td>
			A17U
			</td>
			<td>
			9,660,561,408
			</td>
			<td>
			29-Apr-20
			</td>
			<td>
			Estimated
			</td>
		</tr>
<tr>
<td>
			KEPPEL CORP
			</td>
			<td>
			BN4
			</td>
			<td>
			10,043,194,368
			</td>
			<td>
			29-Apr-20
			</td>
			<td>
			Confirmed
			</td>
		</tr>
<tr>
<td>
			YANGZIJIANG SHIPBUILDING
			</td>
			<td>
			BS6
			</td>
			<td>
			3,448,513,280
			</td>
			<td>
			29-Apr-20
			</td>
			<td>
			Estimated
			</td>
		</tr>
<tr>
<td>
			DBS BANK*
			</td>
			<td>
			D05
			</td>
			<td>
			46,718,869,504
			</td>
			<td>
			30-Apr-20
			</td>
			<td>
			Confirmed
			</td>
		</tr>
<tr>
<td>
			CAPITALAND LTD
			</td>
			<td>
			C31
			</td>
			<td>
			13,843,372,032
			</td>
			<td>
			30-Apr-20
			</td>
			<td>
			Estimated
			</td>
		</tr>
<tr>
<td>
			UNITED OVERSEAS BANK
			</td>
			<td>
			U11
			</td>
			<td>
			32,479,801,344
			</td>
			<td>
			6-May-20
			</td>
			<td>
			Confirmed
			</td>
		</tr>
<tr>
<td>
			THAI BEVERAGE
			</td>
			<td>
			Y92
			</td>
			<td>
			15,948,475,392
			</td>
			<td>
			8-May-20
			</td>
			<td>
			Estimated
			</td>
		</tr>
<tr>
<td>
			WILMAR INTL
			</td>
			<td>
			F34
			</td>
			<td>
			21,572,960,256
			</td>
			<td>
			8-May-20
			</td>
			<td>
			Estimated
			</td>
		</tr>
<tr>
<td>
			OCBC BANK*
			</td>
			<td>
			O39
			</td>
			<td>
			38,287,876,096
			</td>
			<td>
			8-May-20
			</td>
			<td>
			Estimated
			</td>
		</tr>
<tr>
<td>
			SEMBCORP INDUSTRIES
			</td>
			<td>
			S51
			</td>
			<td>
			2,767,641,088
			</td>
			<td>
			15-May-20
			</td>
			<td>
			Estimated
			</td>
		</tr>
<tr>
<td>
			SATS LTD
			</td>
			<td>
			S58
			</td>
			<td>
			3,230,713,344
			</td>
			<td>
			15-May-20
			</td>
			<td>
			Estimated
			</td>
		</tr>
<tr>
<td>
			ST ENGINEERING
			</td>
			<td>
			S63
			</td>
			<td>
			9,457,351,680
			</td>
			<td>
			15-May-20
			</td>
			<td>
			Estimated
			</td>
		</tr>
<tr>
<td>
			SINGAPORE AIRLINES
			</td>
			<td>
			S63
			</td>
			<td>
			6,814,488,064
			</td>
			<td>
			15-May-20
			</td>
			<td>
			Estimated
			</td>
		</tr>
<tr>
<td>
			SINGAPORE TELECOMMUNICATIONS
			</td>
			<td>
			Z74
			</td>
			<td>
			42,617,847,808
			</td>
			<td>
			15-May-20
			</td>
			<td>
			Estimated
			</td>
		</tr>
</tbody></table>
Source: Bloomberg &amp; SGX (data as of 13 Apr 20)

*Note: To replace detailed quarterly earnings reports with abridged financial disclosures
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Majority of the STI Constituents are sticking to quarterly reporting. DBS and OCBC Bank are opting for abridged financial disclosures instead of the detailed quarterly earnings reports.  
	 
	
SPH kicked off the current financial reporting season for STI constituents on 7 April with the release of its fiscal 2Q ended 29 February 2020 earnings. 
	 
	Another six constituents – Mapletree Commercial Trust, Mapletree Logistics Trust, SGX, Keppel Corp, DBS Bank and UOB – have announced that they will unveil results for the quarter ended 31 March 2020 over the next few weeks.

The Straits Times Index (STI) is the most globally recognised benchmark index and market barometer for Singapore. With a history dating back to 1966, the diversified index tracks the performance of the 30 largest and most liquid companies listed on Singapore Exchange. These 30 constituents have foundations spanning three centuries and multiple sectors, while maintaining a balance between local and regional economic exposures. Currently, these 30 stocks have a combined market capitalisation of over S$400 billion.

 Singapore Press Holdings kicked off the current financial reporting season for STI constituents on 7 April with the release of its fiscal 2Q ended 29 February 2020 earnings. Another six constituents have announced that they will unveil results for the quarter ended 31 March 2020 over the next few weeks:




			Name
			
			
			Date
			
		


			Mapletree Commercial Trust                   
			
			
			22-Apr-20
			
		


			Mapletree Logistics Trust                         
			
			
			23-Apr-20
			
		


			Singapore Exchange                                  
			
			
			24-Apr-20
			
		


			Keppel Corp                                                
			
			
			29-Apr-20
			
		


			DBS Bank                
			
			
			30-Apr-20
			
		


			United Overseas Bank                           
			
			
			6-May-20
			
		

 Note that DBS Bank has opted for abridged financial disclosures, instead of detailed quarterly earnings reports, for its 1Q and 3Q results. These reports will include profit and loss account, key balance sheet items and financial ratios, as well as business commentary.

For more updated earnings releases by other STI stocks, check out the weekly Economic Calendar.

The table below details released, confirmed and estimated dates of earnings reports by STI constituents, sorted by date. Excluded from this list are Hongkong Land, Dairy Farm Intl, Jardine Matheson and Jardine Strategic, which already report earnings on a semi-annual basis. Also excluded from this list are ComfortDelGro Corp, Venture Corp, City Developments, UOL Group and Genting Singapore, which have opted to report their results on a semi-annual basis after the regulator abolished mandatory quarterly reporting on 7 Feb 2020.




			Name
			
			
			SGX Code
			
			
			Market Cap (S$)
			
			
			Date
			
			
			Date Type
			
		


			SINGAPORE PRESS HOLDINGS
			
			
			T39
			
			
			2,471,044,608
			
			
			7-Apr-20
			
			
			Released
			
		


			MAPLETREE COMMERCIAL TRUST
			
			
			N2IU
			
			
			5,225,866,752
			
			
			22-Apr-20
			
			
			Confirmed
			
		


			MAPLETREE LOGISTICS TRUST
			
			
			M44U
			
			
			5,890,423,808
			
			
			23-Apr-20
			
			
			Confirmed
			
		


			SINGAPORE EXCHANGE
			
			
			S68
			
			
			9,983,333,376
			
			
			24-Apr-20
			
			
			Confirmed
			
		


			CAPITALAND COMMERCIAL TRUST
			
			
			C61U
			
			
			5,406,626,816
			
			
			24-Apr-20
			
			
			Estimated
			
		


			CAPITALAND MALL TRUST
			
			
			C38U
			
			
			5,978,050,560
			
			
			24-Apr-20
			
			
			Estimated
			
		


			JARDINE CYCLE &amp; CARRIAGE
			
			
			C07
			
			
			7,410,680,320
			
			
			24-Apr-20
			
			
			Estimated
			
		


			ASCENDAS REIT
			
			
			A17U
			
			
			9,660,561,408
			
			
			29-Apr-20
			
			
			Estimated
			
		


			KEPPEL CORP
			
			
			BN4
			
			
			10,043,194,368
			
			
			29-Apr-20
			
			
			Confirmed
			
		


			YANGZIJIANG SHIPBUILDING
			
			
			BS6
			
			
			3,448,513,280
			
			
			29-Apr-20
			
			
			Estimated
			
		


			DBS BANK*
			
			
			D05
			
			
			46,718,869,504
			
			
			30-Apr-20
			
			
			Confirmed
			
		


			CAPITALAND LTD
			
			
			C31
			
			
			13,843,372,032
			
			
			30-Apr-20
			
			
			Estimated
			
		


			UNITED OVERSEAS BANK
			
			
			U11
			
			
			32,479,801,344
			
			
			6-May-20
			
			
			Confirmed
			
		


			THAI BEVERAGE
			
			
			Y92
			
			
			15,948,475,392
			
			
			8-May-20
			
			
			Estimated
			
		


			WILMAR INTL
			
			
			F34
			
			
			21,572,960,256
			
			
			8-May-20
			
			
			Estimated
			
		


			OCBC BANK*
			
			
			O39
			
			
			38,287,876,096
			
			
			8-May-20
			
			
			Estimated
			
		


			SEMBCORP INDUSTRIES
			
			
			S51
			
			
			2,767,641,088
			
			
			15-May-20
			
			
			Estimated
			
		


			SATS LTD
			
			
			S58
			
			
			3,230,713,344
			
			
			15-May-20
			
			
			Estimated
			
		


			ST ENGINEERING
			
			
			S63
			
			
			9,457,351,680
			
			
			15-May-20
			
			
			Estimated
			
		


			SINGAPORE AIRLINES
			
			
			S63
			
			
			6,814,488,064
			
			
			15-May-20
			
			
			Estimated
			
		


			SINGAPORE TELECOMMUNICATIONS
			
			
			Z74
			
			
			42,617,847,808
			
			
			15-May-20
			
			
			Estimated
			
		

Source: Bloomberg &amp; SGX (data as of 13 Apr 20)

*Note: To replace detailed quarterly earnings reports with abridged financial disclosures



Mapletree Pan Asia Commercial Trust (MCT SP)

March Quarter Earnings Schedule for STI Constituents