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

Sunny Optical Technology Group / Equity Bottom-Up

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Market participants have ushered in the first session of 2021 with 8% average gains for Singapore’s three newest Mainboard-listed stocks – G.H.Y Culture &amp; Media Holding, Credit Bureau Asia and Nanofilm Technologies International. The trio also ranked highly in today’s most active stocks by turnover. 
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Today’s gains brought the trio’s average returns since their respective returns to 49%. The three stocks debuted on the Mainboard between 30 Oct and 18 Dec and attracted significant investor interest with the retail offers for Nanofilm 31x subscribed, Credit Bureau Asia 61x subscribed and G.H.Y Culture 16x subscribed. 
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	<li>Combined the three stocks maintain a market capitalisation of S$4.2 billion, with Nanofilm now a top five weighting of the FTSE ST Small Cap Index. Nanofilm Technologies has also closed the session for the first time since 30 Oct with a market value above S$3 billion.</li>
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Singapore’s three most recent companies to list on the SGX Mainboard began 2021 amongst the strongest performing stocks of the most actives, with average gains of 8.3%. For much of the session, Nanofilm Technologies International (“Nanofilm”) was amongst the most active 10 stocks by turnover, Credit Bureau Asia amongst the 20 most active stocks by turnover with G.H.Y Culture &amp; Media Holding (“G.H.Y Culture”) among the top 50 stocks by turnover. Within the top 50 actives today, G.H.Y Culture’s gain of 11.8% placed it as the best performer, while Nanofilm’s 7.7% gain placed it as the fourth best performer (after First REIT and iFAST) and Credit Bureau Asia was ranked the eighth best performer. This has brought their average total return since the respective debuts to 48.9%, as illustrated below.
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 <div class='content-caption'>Price Gains on Initial offer prices</div>
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Nanofilm joined the FTSE ST Small Cap Index with a 5% weighting on 21 December, placing it among the top five weights of the Index. Today, Nanofilm Technologies closed the session for the first time since 30 Oct with a market value above S$3 billion, at S$3.1 billion. The three stocks debuted on the Mainboard between 30 Oct and 18 Dec and attracted significant investor interest with the retail/public offers for Nanofilm 31x subscribed, Credit Bureau Asia 61x subscribed and G.H.Y Culture 16x subscribed. 
For Market Updates specific to each of the new debutants, please click on the following links (which include prospectus links):

 

<ul>
<li>Nanofilm Technologies International (click <a href="https://www.sgx.com/research-education/market-updates/20201030-nanofilm-technologies-home-grown-deep-technology-firm">here</a>) </li>
	<li>Credit Bureau Asia (click <a href="https://www.sgx.com/research-education/market-updates/20201203-credit-bureau-asia-seas-leading-credit-risk-information">here</a>)</li>
	<li>G.H.Y. Culture &amp; Media Holding Co (click <a href="https://www.sgx.com/research-education/market-updates/20201218-ghy-culture-media-entertainment-content-producer-apac">here</a>) </li>
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G.H.Y Culture was the most recent of the trio to list, on 18 December. The Chinese company is a leading player in the media and entertainment industry. The company specialises in the production and promotion of dramas, films and concerts in the Asia-Pacific region, including the PRC, Singapore, Malaysia and Australia. The group raised over S$100 million from 10 cornerstone investors that included Epical Entertainment, Hong Kong Chixin Investment, ICH Capital, iQIYI International, King Kong Media Production, Mr. Ron Sim, Songful Global Investment, Qilin Asset Management, V3 Brands and Yinson Capital. 
Credit Bureau Asia listed on 3 December and provides credit and risk information solutions to an extensive client base of banks, financial institutions, multinational corporations, government bodies and public agencies across Singapore, Malaysia, Cambodia and Myanmar. It’s four cornerstone investors included Aberdeen Standard Investments (Asia); Affin Hwang Asset Management; Eastspring Investments (Singapore) and Tokyo Shoko Research with Institutional investors including Lion Global Investors, Albizia Capital and New Silk Road Investment. 
Upon listing, Nanofilm Technologies also commanded a valuation that was in line with the global tech leaders, with the recent milestones also reinforcing the competitiveness of both Singapore's primary and secondary market. Nanofilm’s listing is also testament to the supportive economic ecosystem in Singapore for tech startups. Nanyang Technological University's Shi Xu founded NTI in 1999 with US$300,000. It started as a tech start-up spun off from Singapore's NTU, where he worked as an associate professor. The business grew throughout the years with the support of the Singapore government and investors. For instance, in 2015, the business developed its proprietary coating and coating systems through R&amp;D with the help of SPRING Singapore's Capability Development Grant. In 2016, OCBC and Lion-OCBC Capital Asia I Holding made an equity investment and in 2018, a group of Heliconia and UOB managed private equity funds, and EDB Investments subscribed to the firm's convertible notes. NTI now supports over 300 customers across multiple industries such as Microsoft, Huawei, Canon, Sunny Optical and Customer Z which is its largest customer contributing to more than 50 per cent of its revenue for its 1HFY20. Customer Z's name has not been identified due to confidentiality restriction agreements, but is known to be a global technology company that designs, develops and sells consumer electronics, computer software and online services.
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Market participants have ushered in the first session of 2021 with 8% average gains for Singapore’s three newest Mainboard-listed stocks – G.H.Y Culture &amp; Media Holding, Credit Bureau Asia and Nanofilm Technologies International. The trio also ranked highly in today’s most active stocks by turnover. 
	 
	
Today’s gains brought the trio’s average returns since their respective returns to 49%. The three stocks debuted on the Mainboard between 30 Oct and 18 Dec and attracted significant investor interest with the retail offers for Nanofilm 31x subscribed, Credit Bureau Asia 61x subscribed and G.H.Y Culture 16x subscribed.  
	 
	Combined the three stocks maintain a market capitalisation of S$4.2 billion, with Nanofilm now a top five weighting of the FTSE ST Small Cap Index. Nanofilm Technologies has also closed the session for the first time since 30 Oct with a market value above S$3 billion.

 

Singapore’s three most recent companies to list on the SGX Mainboard began 2021 amongst the strongest performing stocks of the most actives, with average gains of 8.3%. For much of the session, Nanofilm Technologies International (“Nanofilm”) was amongst the most active 10 stocks by turnover, Credit Bureau Asia amongst the 20 most active stocks by turnover with G.H.Y Culture &amp; Media Holding (“G.H.Y Culture”) among the top 50 stocks by turnover.  Within the top 50 actives today, G.H.Y Culture’s gain of 11.8% placed it as the best performer, while Nanofilm’s 7.7% gain placed it as the fourth best performer (after First REIT and iFAST) and Credit Bureau Asia was ranked the eighth best performer. This has brought their average total return since the respective debuts to 48.9%, as illustrated below.



      
    
    Price Gains on Initial offer prices


Nanofilm joined the FTSE ST Small Cap Index with a 5% weighting on 21 December, placing it among the top five weights of the Index. Today, Nanofilm Technologies closed the session for the first time since 30 Oct with a market value above S$3 billion, at S$3.1 billion.  The three stocks debuted on the Mainboard between 30 Oct and 18 Dec and attracted significant investor interest with the retail/public offers for Nanofilm 31x subscribed, Credit Bureau Asia 61x subscribed and G.H.Y Culture 16x subscribed.   
For Market Updates specific to each of the new debutants, please click on the following links (which include prospectus links):

 


Nanofilm Technologies International (click here) 
	Credit Bureau Asia (click here)
	G.H.Y. Culture &amp; Media Holding Co (click here) 

 

G.H.Y Culture was the most recent of the trio to list, on 18 December. The Chinese company is a leading player in the media and entertainment industry. The company specialises in the production and promotion of dramas, films and concerts in the Asia-Pacific region, including the PRC, Singapore, Malaysia and Australia. The group raised over S$100 million from 10 cornerstone investors that included Epical Entertainment, Hong Kong Chixin Investment, ICH Capital, iQIYI International, King Kong Media Production, Mr. Ron Sim, Songful Global Investment, Qilin Asset Management, V3 Brands and Yinson Capital.  
Credit Bureau Asia listed on 3 December and provides credit and risk information solutions to an extensive client base of banks, financial institutions, multinational corporations, government bodies and public agencies across Singapore, Malaysia, Cambodia and Myanmar. It’s four cornerstone investors included Aberdeen Standard Investments (Asia); Affin Hwang Asset Management; Eastspring Investments (Singapore) and Tokyo Shoko Research with Institutional investors including Lion Global Investors, Albizia Capital and New Silk Road Investment.  
Upon listing, Nanofilm Technologies also commanded a valuation that was in line with the global tech leaders, with the recent milestones also reinforcing the competitiveness of both Singapore's primary and secondary market. Nanofilm’s listing is also testament to the supportive economic ecosystem in Singapore for tech startups. Nanyang Technological University's Shi Xu founded NTI in 1999 with US$300,000. It started as a tech start-up spun off from Singapore's NTU, where he worked as an associate professor. The business grew throughout the years with the support of the Singapore government and investors. For instance, in 2015, the business developed its proprietary coating and coating systems through R&amp;D with the help of SPRING Singapore's Capability Development Grant. In 2016, OCBC and Lion-OCBC Capital Asia I Holding made an equity investment and in 2018, a group of Heliconia and UOB managed private equity funds, and EDB Investments subscribed to the firm's convertible notes. NTI now supports over 300 customers across multiple industries such as Microsoft, Huawei, Canon, Sunny Optical and Customer Z which is its largest customer contributing to more than 50 per cent of its revenue for its 1HFY20. Customer Z's name has not been identified due to confidentiality restriction agreements, but is known to be a global technology company that designs, develops and sells consumer electronics, computer software and online services.



New Listings take Centre Stage on First Day of the New Year  