The SGX Research and FinLit Team would like to thank all prize winners for joining us at the movie screening of "Marvel Studios' Deadpool and Wolverine" last Thursday!
We hope everyone had an enjoyable time. To those who could not join us this time, stay tuned for more exciting giveaways and events in the future! 🎉
We hope everyone had an enjoyable time. To those who could not join us this time, stay tuned for more exciting giveaways and events in the future! 🎉
🏨 S-REIT Overview: Recent Investment Flow & Value Investing Trends
Singapore currently lists 39 trusts for trading that represent the S-REIT Sector that consists of 32 REITs, five Stapled Trusts and two Business Trusts with a market capitalisation of S$90 billion. Singapore also lists five ETFs that track REITs, with the Lion-Phillip S-REIT ETF seeing a significant pick up in institutional and retail inflow over the past six weeks as compared to 1H24. Performances across the S-REIT Sector have been mixed, with 13 of the trusts posting positive total returns this year, compared to 26 booking declines in total return.
▶️ Read on to find out more on the trusts of the S-REIT Sector's recent flows and performances: bit.ly/46L0kJS
Singapore currently lists 39 trusts for trading that represent the S-REIT Sector that consists of 32 REITs, five Stapled Trusts and two Business Trusts with a market capitalisation of S$90 billion. Singapore also lists five ETFs that track REITs, with the Lion-Phillip S-REIT ETF seeing a significant pick up in institutional and retail inflow over the past six weeks as compared to 1H24. Performances across the S-REIT Sector have been mixed, with 13 of the trusts posting positive total returns this year, compared to 26 booking declines in total return.
▶️ Read on to find out more on the trusts of the S-REIT Sector's recent flows and performances: bit.ly/46L0kJS
🇹🇭 [Partner's Post] 3 Thailand SDRs Stocks to Position for More Upside | Don't Miss Out!
📱 Advanced Info Service (TADD) broke key resistance THB 225 (S$0.83) with short term trend sloping up. Signs of longer-term trend turning upwards with 100 MA potentially crossing above 200 MA. Potential support at 235 (S$0.87) with potential upside to THB 250 (S$0.92). (SDR ratio - 10:1)
⚡ Gulf Energy (TGED) broke key resistance THB 46 (S$1.70). Potential upside to psychological resistance of THB 50 (S$1.85).
🔌 Delta Electronics (TDED) broke key resistance THB 95 (S$3.52). Short term trend gaining strength and longer-term trend showing potential upward reversal with 100 MA starting to cross above 200 MA. Potential upside to THB 120 (S$4.44).
🔎 Search Joey Choy SDR on Youtube to watch the latest video on “3 Thailand SDRs Stocks to Position for More Upside | Don't Miss Out!”
📱 Advanced Info Service (TADD) broke key resistance THB 225 (S$0.83) with short term trend sloping up. Signs of longer-term trend turning upwards with 100 MA potentially crossing above 200 MA. Potential support at 235 (S$0.87) with potential upside to THB 250 (S$0.92). (SDR ratio - 10:1)
⚡ Gulf Energy (TGED) broke key resistance THB 46 (S$1.70). Potential upside to psychological resistance of THB 50 (S$1.85).
🔌 Delta Electronics (TDED) broke key resistance THB 95 (S$3.52). Short term trend gaining strength and longer-term trend showing potential upward reversal with 100 MA starting to cross above 200 MA. Potential upside to THB 120 (S$4.44).
🔎 Search Joey Choy SDR on Youtube to watch the latest video on “3 Thailand SDRs Stocks to Position for More Upside | Don't Miss Out!”
🖥️ Stock of the Week: Multi-Chem (SGX: AWZ)
• Multi-Chem serves as a value-added supplier to Printed Circuit Board (PCB) manufacturers and is a leading regional distributor of cyber security and network performance products.
• Multi-Chem reported 1HFY24 (ended Jun 30) Group revenue increased 9.4% from 1HFY23, to S$342.5m. This saw the Group achieve 1HFY24 profit after tax of S$16.4m, compared to S$11.4m in 1HFY23. For its FY23, the Group reported profit after tax of S$27.1m compared to S$20.0m in FY22.
• With a market cap of S$254m as of 14 August, the stock maintains a ROE of 22% and a P/E ratio of 7.9x. The company closed at S$2.83 as of Aug 19.
*All data as of 14 Aug 2024
➡️ For more information on Multi-Chem, visit bit.ly/3YQLEr0
• Multi-Chem serves as a value-added supplier to Printed Circuit Board (PCB) manufacturers and is a leading regional distributor of cyber security and network performance products.
• Multi-Chem reported 1HFY24 (ended Jun 30) Group revenue increased 9.4% from 1HFY23, to S$342.5m. This saw the Group achieve 1HFY24 profit after tax of S$16.4m, compared to S$11.4m in 1HFY23. For its FY23, the Group reported profit after tax of S$27.1m compared to S$20.0m in FY22.
• With a market cap of S$254m as of 14 August, the stock maintains a ROE of 22% and a P/E ratio of 7.9x. The company closed at S$2.83 as of Aug 19.
*All data as of 14 Aug 2024
➡️ For more information on Multi-Chem, visit bit.ly/3YQLEr0
SGX Academy Webinars Coming Up
📚 29 Aug: The Principles & Guide to Setting up a Stock Investment Portfolio
🧓 3 Sep: How to Build a REIT Portfolio into a Retirement Plan
📊 5 Sep: Make Trading Your Source of Income
🏦 11 Sep: How to Grow Your Dividends from the World's Safest Banks
Visit bit.ly/44WSMRG for more educational programmes run by SGX Academy.
📚 29 Aug: The Principles & Guide to Setting up a Stock Investment Portfolio
🧓 3 Sep: How to Build a REIT Portfolio into a Retirement Plan
📊 5 Sep: Make Trading Your Source of Income
🏦 11 Sep: How to Grow Your Dividends from the World's Safest Banks
Visit bit.ly/44WSMRG for more educational programmes run by SGX Academy.
SGX China-focused ETFs Factsheet_August 2024 v2-1724234220.pdf
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📈 Navigating through China equity and bond markets? Check out the performance of our China ETFs in July 2024!
LION-OCBC Securities China Leaders ETF (YYY): Top performing equity ETF YTD (+7.39%)
- The ETF tracks the Hang Seng Stock Connect China 80 Index, offering exposure to Hong Kong market with the convenience of trading in SGD.
- Hang Seng Stock Connect China 80 Index covers the 80 leaders on the HKEX, SSE and SZSE, allowing for diversification amongst top performers.
- The ETF has a TER of 0.67%, one of the lowest amongst China-focused ETFs listed on SGX, ensuring cost efficiency.
ICBC CSOP FTSE Chinese Government Bond Index ETF (CYC) : Top performing bond ETF YTD (+4.27%)
- Second highest monthly return of 0.15% and YTD return of 4.27% for July 2024.
- As domestic investors increase their holdings of on-shore China bonds as a safe haven asset, it has resulted in a recent rally in the bond prices.
➡️ Visit bit.ly/3L1gYuK to find out more!
LION-OCBC Securities China Leaders ETF (YYY): Top performing equity ETF YTD (+7.39%)
- The ETF tracks the Hang Seng Stock Connect China 80 Index, offering exposure to Hong Kong market with the convenience of trading in SGD.
- Hang Seng Stock Connect China 80 Index covers the 80 leaders on the HKEX, SSE and SZSE, allowing for diversification amongst top performers.
- The ETF has a TER of 0.67%, one of the lowest amongst China-focused ETFs listed on SGX, ensuring cost efficiency.
ICBC CSOP FTSE Chinese Government Bond Index ETF (CYC) : Top performing bond ETF YTD (+4.27%)
- Second highest monthly return of 0.15% and YTD return of 4.27% for July 2024.
- As domestic investors increase their holdings of on-shore China bonds as a safe haven asset, it has resulted in a recent rally in the bond prices.
➡️ Visit bit.ly/3L1gYuK to find out more!
UOB - Best Bargain Now - 13 Aug 2024 (Final)-1724298081.pdf
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📈 [Partner’s Post] How to use SGX-listed Structured Warrants to trade local bank stocks by Joey Choy
Since April 2024, United Overseas Bank (UOB) has shown a strong upward trend, breaking past a significant resistance level at S$29.00, which it had struggled with for over two years. However, recent market volatility has pulled the stock back to previous support levels. Could this be a buying opportunity, or a signal for profit taking?
Read this article to learn how to leverage on this trend using Structured Warrants (SWs).
➡️ To learn more about SWs listed on SGX, visit sgx.com/warrants.
Since April 2024, United Overseas Bank (UOB) has shown a strong upward trend, breaking past a significant resistance level at S$29.00, which it had struggled with for over two years. However, recent market volatility has pulled the stock back to previous support levels. Could this be a buying opportunity, or a signal for profit taking?
Read this article to learn how to leverage on this trend using Structured Warrants (SWs).
➡️ To learn more about SWs listed on SGX, visit sgx.com/warrants.
🌐 [Partner's Post] Smartkarma Webinar: ASEAN IPO Capital Market Outlook: Cautious Optimism Amid Economic Uncertainties
Date/Time: 11 September 2024 (Wed), 5.30pm SGT
The IPO market in the ASEAN region has experienced significant transformations over the past five years. As the region continues to navigate economic uncertainties and geopolitical challenges, the overall outlook remains cautiously optimistic, with potential for growth driven by strategic reforms and sector-specific opportunities.
Join us at this webinar where Smartkarma Analyst Shifara Samsudeen shares her analysis on these developments, and what they mean for the future of the ASEAN region's IPO markets.
▶️ Visit bit.ly/3y1NvxA for more partner events and to register.
Date/Time: 11 September 2024 (Wed), 5.30pm SGT
The IPO market in the ASEAN region has experienced significant transformations over the past five years. As the region continues to navigate economic uncertainties and geopolitical challenges, the overall outlook remains cautiously optimistic, with potential for growth driven by strategic reforms and sector-specific opportunities.
Join us at this webinar where Smartkarma Analyst Shifara Samsudeen shares her analysis on these developments, and what they mean for the future of the ASEAN region's IPO markets.
▶️ Visit bit.ly/3y1NvxA for more partner events and to register.
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👀 Did you know? Since Jan 2024, close to 500 victims have fallen prey to investment scams, with total losses amounting to at least $6.8m 🤯 Here are some red flags to spot potential investment scams.
We are aware of chat groups, social channels, and scammers who impersonate SGX Group and our employees. Note that SGX Group does not provide stock recommendations and will never collect deposits for your investments.
Stay vigilant to better protect yourself from investment scams. When in doubt, you can contact asksgx@sgx.com.
This message is brought to you in collaboration with the Monetary Authority of Singapore.
We are aware of chat groups, social channels, and scammers who impersonate SGX Group and our employees. Note that SGX Group does not provide stock recommendations and will never collect deposits for your investments.
Stay vigilant to better protect yourself from investment scams. When in doubt, you can contact asksgx@sgx.com.
This message is brought to you in collaboration with the Monetary Authority of Singapore.
Companies in the Spotlight
🤖 Trek 2000 | kopi-C | 'Everybody is an inventor' bit.ly/4cBYInh
🏢 Elite UK REIT | Be-REITired vodcast series by The Financial Coconut bit.ly/3z1YYOq
🏦 Keppel REIT | 27 Aug | Phillip Securities Corporate Insights bit.ly/45gzCIl
🤖 Trek 2000 | kopi-C | 'Everybody is an inventor' bit.ly/4cBYInh
🏢 Elite UK REIT | Be-REITired vodcast series by The Financial Coconut bit.ly/3z1YYOq
🏦 Keppel REIT | 27 Aug | Phillip Securities Corporate Insights bit.ly/45gzCIl
📊 Steady STI Trading Reflects Smooth Economic Landing Focus
Global focus on key economic indicators for a smooth US landing has led to four stable STI sessions with a 40-point range and 1.8% gain, as markets look to the US Aug unemployment report on 6 Sep and potential Fed Funds Rate cut on 18 Sep. Institutions have been net buyers over the 4 sessions, with S$171m of net inflow led by Financials, REITs, and SATS.
❓ Beyond STI constituents, which stocks contributed to the net institutional inflow over the four sessions? Read on to find out more: bit.ly/3YVWqfn
Global focus on key economic indicators for a smooth US landing has led to four stable STI sessions with a 40-point range and 1.8% gain, as markets look to the US Aug unemployment report on 6 Sep and potential Fed Funds Rate cut on 18 Sep. Institutions have been net buyers over the 4 sessions, with S$171m of net inflow led by Financials, REITs, and SATS.
❓ Beyond STI constituents, which stocks contributed to the net institutional inflow over the four sessions? Read on to find out more: bit.ly/3YVWqfn
🏭 REIT Watch - Industrial REITs maintain resilience despite sector's slowdown
The six industrial S-REITs with significant Singapore-based industrial assets have posted mixed performances in the latest round of earnings releases and business updates. Across the board, distributions per unit (DPU) were lower yoy, impacted by higher borrowing costs and property operating expenses – except forMapletree Industrial Trust (MIT) , which declared a 1.2% higher DPU of 3.43 Singapore cents for its Q1 FY25.
▶️ Find out more about how these Industrial REITs performed here at bit.ly/3AMZCjm or BT's REIT Watch page.
The six industrial S-REITs with significant Singapore-based industrial assets have posted mixed performances in the latest round of earnings releases and business updates. Across the board, distributions per unit (DPU) were lower yoy, impacted by higher borrowing costs and property operating expenses – except for
▶️ Find out more about how these Industrial REITs performed here at bit.ly/3AMZCjm or BT's REIT Watch page.
📈 REIT ETFs Reach Historic AUM Heights with Rising Trading Volumes
REIT tracking ETFs were first introduced in Singapore on 20 October 2016. Last week, their combined AUM hit a new record of S$917 million. Since the end of June, their daily turnover has reached S$4.6 million, marking an increase of nearly 60% from the first half of 2024 and a 200% rise from 2023.
✋ The five ETFs that track the REIT Indices are tabled above. Read on to find out which are the 10 most traded Singapore listed ETFs in 2H24 here: bit.ly/4g2zZeQ
REIT tracking ETFs were first introduced in Singapore on 20 October 2016. Last week, their combined AUM hit a new record of S$917 million. Since the end of June, their daily turnover has reached S$4.6 million, marking an increase of nearly 60% from the first half of 2024 and a 200% rise from 2023.
✋ The five ETFs that track the REIT Indices are tabled above. Read on to find out which are the 10 most traded Singapore listed ETFs in 2H24 here: bit.ly/4g2zZeQ
🏢 Stock of the Week: Sinarmas Land (SGX: A26)
- At a market cap of S$1.1bn, Sinarmas Land (SML) is one of Indonesia's largest and most diversified property developers by land bank and market cap, also holding investments in commercial and hospitality assets globally outside of Indonesia.
- For 1H24, SML's revenue increased 28.1% to S$766.1m, and net profit grew 7.4% to S$199.3m, driven by higher sales. SML trades at a P/E of 4.1x. and ended 1H24 in a net cash position with cash & cash equivalents at S$1.5bn.
- BSD City is the flagship project of Bumi Serpong Damai Tbk, a business group under SML. On May 2024, BSD City was accorded a special economic zone (SEZ) status by the Indonesian Government, aiming to attract IDR 18.8 trillion in investments over the next 20 years.
*All data as of 26 Aug 2024
➡️ For more information on Sinarmas Land, visit bit.ly/4cGwQyj
- At a market cap of S$1.1bn, Sinarmas Land (SML) is one of Indonesia's largest and most diversified property developers by land bank and market cap, also holding investments in commercial and hospitality assets globally outside of Indonesia.
- For 1H24, SML's revenue increased 28.1% to S$766.1m, and net profit grew 7.4% to S$199.3m, driven by higher sales. SML trades at a P/E of 4.1x. and ended 1H24 in a net cash position with cash & cash equivalents at S$1.5bn.
- BSD City is the flagship project of Bumi Serpong Damai Tbk, a business group under SML. On May 2024, BSD City was accorded a special economic zone (SEZ) status by the Indonesian Government, aiming to attract IDR 18.8 trillion in investments over the next 20 years.
*All data as of 26 Aug 2024
➡️ For more information on Sinarmas Land, visit bit.ly/4cGwQyj
🇸🇬 SGX Discovery Series: Singapore Market Outlook Amid Global Recession Risks
Date/Time: 12 Sep (Thursday), 7.00pm
Location: SGX Centre 1
Global equity markets remain volatile amid increasing global recession risks. Fortunately, falling inflation rates worldwide have created a conducive environment for potential rate cuts to bolster economic growth.
Join us at our live event to hear from industry experts as they share their outlook on Fed interest rates and discuss how investors can diversify their portfolios through dividend yield-focused ETFs.
➡️ Visit bit.ly/3T6Wk0W to register.
Date/Time: 12 Sep (Thursday), 7.00pm
Location: SGX Centre 1
Global equity markets remain volatile amid increasing global recession risks. Fortunately, falling inflation rates worldwide have created a conducive environment for potential rate cuts to bolster economic growth.
Join us at our live event to hear from industry experts as they share their outlook on Fed interest rates and discuss how investors can diversify their portfolios through dividend yield-focused ETFs.
➡️ Visit bit.ly/3T6Wk0W to register.
🕹️ From 21 Aug 2024, our Structured warrant (SW) screener has been upgraded into a new Structured Products Screener, which features Daily Leveraged Certificates (DLCs), Structured Certificates (SCs) as well. The benefits include:
- Increased convenience – Gain a consolidated view of all DLC, SC and SW counters available for trading
- Enhanced search experience – Streamline your search via filters by underlying assets, listing/expiry dates etc
- Easy access to issuers’ tools – Investors may access tools via links to issuer websites
➡️ Visit bit.ly/3XkwPeR to find out more!
- Increased convenience – Gain a consolidated view of all DLC, SC and SW counters available for trading
- Enhanced search experience – Streamline your search via filters by underlying assets, listing/expiry dates etc
- Easy access to issuers’ tools – Investors may access tools via links to issuer websites
➡️ Visit bit.ly/3XkwPeR to find out more!
💡 Analyst Spotlight for 29 Aug 2024
🛢️ Bumitama Agri (P8Z): Mixed bag of results with optimistic guidance for 2H24
- Increased output and resilient crude palm oil prices may bode well for stronger financial performance in 2H24.
Full report here: bit.ly/3AHNDUw
🌆 Cromwell European REIT (CWBU): Positive reversions expected to continue
- CERT is poised to benefit from potential ECB rate cuts. Strategic divestments since 2022 have enhanced the portfolio and balance sheet, though income loss from divested properties will continue to affect DPU.
Full report here: bit.ly/4fY8wuG
✈️ China Aviation Oil (G92): On Track For Take Off
- CAO remains a beneficiary of the stronger-than-expected international air traffic in China. Measures made to facilitate ease of entry for foreign travelers into China has started to bear fruit, and will further stimulate tourism recovery in the 2H24.
Full report here: bit.ly/3AFpFci
Visit Analyst Research page for more broker research reports: bit.ly/3LOsCd7
🛢️ Bumitama Agri (P8Z): Mixed bag of results with optimistic guidance for 2H24
- Increased output and resilient crude palm oil prices may bode well for stronger financial performance in 2H24.
Full report here: bit.ly/3AHNDUw
🌆 Cromwell European REIT (CWBU): Positive reversions expected to continue
- CERT is poised to benefit from potential ECB rate cuts. Strategic divestments since 2022 have enhanced the portfolio and balance sheet, though income loss from divested properties will continue to affect DPU.
Full report here: bit.ly/4fY8wuG
✈️ China Aviation Oil (G92): On Track For Take Off
- CAO remains a beneficiary of the stronger-than-expected international air traffic in China. Measures made to facilitate ease of entry for foreign travelers into China has started to bear fruit, and will further stimulate tourism recovery in the 2H24.
Full report here: bit.ly/3AFpFci
Visit Analyst Research page for more broker research reports: bit.ly/3LOsCd7
clean_Beansprout_ASEAN_Telco_Sector_49ef8b8368.pdf
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🌱 [Partner’s Post] Singtel’s associate, Intouch, to merge with Gulf Energy
Gulf Energy and Intouch, Advanced Info Service’s (AIS) largest shareholder, has proposed a merger to form a new listed entity – NewCo. Merger is expected to complete by Q2 2025. Impact of transaction:
💰Singtel will unlock value of assets
• To receive special dividend S$0.14B and book accounting gain S$0.39B from the merger.
• Plans to participate in voluntary tender offer for AIS to raise stake by 10% to 36.7%.
📱 AIS to benefit from industry consolidation
• Growth opportunities in digital space from synergies between power, Gulf and telco business.
• Improvements in revenues and profits with consolidation of telecom sector to a duopoly.
⚡NewCo positioned as growth company
• Expanded balance sheet to support future growth.
• Focus on green energy and expansion of digital businesses and infrastructure.
🔎 Visit bit.ly/42gOfby for more reports on the underlying Thai securities of SDRs.
Gulf Energy and Intouch, Advanced Info Service’s (AIS) largest shareholder, has proposed a merger to form a new listed entity – NewCo. Merger is expected to complete by Q2 2025. Impact of transaction:
💰Singtel will unlock value of assets
• To receive special dividend S$0.14B and book accounting gain S$0.39B from the merger.
• Plans to participate in voluntary tender offer for AIS to raise stake by 10% to 36.7%.
📱 AIS to benefit from industry consolidation
• Growth opportunities in digital space from synergies between power, Gulf and telco business.
• Improvements in revenues and profits with consolidation of telecom sector to a duopoly.
⚡NewCo positioned as growth company
• Expanded balance sheet to support future growth.
• Focus on green energy and expansion of digital businesses and infrastructure.
🔎 Visit bit.ly/42gOfby for more reports on the underlying Thai securities of SDRs.
Companies in the Spotlight
⚓ Mooreast | kopi-C | 'We're The World's Largest Drag Anchor Manufacturer' bit.ly/3AIPtV4
🔋 Gulf Energy TH SDR | Beansprout report: Energy Powerhouses in Thailand bit.ly/4e3wG52
🏬 OUE REIT | 12 Sep | SGX x REITAS Webinar: Strength in a Singapore-Centric Diversified Portfolio bit.ly/3YZHRay
⚓ Mooreast | kopi-C | 'We're The World's Largest Drag Anchor Manufacturer' bit.ly/3AIPtV4
🔋 Gulf Energy TH SDR | Beansprout report: Energy Powerhouses in Thailand bit.ly/4e3wG52
🏬 OUE REIT | 12 Sep | SGX x REITAS Webinar: Strength in a Singapore-Centric Diversified Portfolio bit.ly/3YZHRay
[Partner’s Post] 🎙️ Dive into the latest episode of FOMO Fix by PYTCH Media where we simplify the basics and benefits of ETFs.
Join our ETF Product Manager, Kang Wei Chin, as well as Hazelle from The Joyful Investors on this episode as they bust common ETF misconceptions for investors and discuss the differences between sectoral and thematic ETFs.
Unlock the secrets to ETF investing by watching this video at bit.ly/3T5f9Sc
Join our ETF Product Manager, Kang Wei Chin, as well as Hazelle from The Joyful Investors on this episode as they bust common ETF misconceptions for investors and discuss the differences between sectoral and thematic ETFs.
Unlock the secrets to ETF investing by watching this video at bit.ly/3T5f9Sc