SGX Invest

🚗Vin's Holdings - Integrated Automotive Solutions Provider - Debuts on SGX

Vin's Holdings made its trading debut on 15 April on the SGX through an initial public offering (IPO), with a placement market capitalisation of $39.3m. The company offers one-stop automotive solutions to customers from Automobile Sales and Related Services, Automobile After-Sales Services, Automobile Financing and Related Services, and Automobile Rental and Leasing Services.

▶️ Read more about Vin's Holdings here at bit.ly/4iiKlqC

✨Stock of the Week: CNMC Goldmine Holdings (SGX: 5TP)

Shares surged over 70% for the year-to-date, with the outperformance coinciding with a rally in Gold, as prices of the precious metal hit fresh highs.

The Singapore-headquartered company – which operates in Malaysia’s Kelantan state – is principally engaged in the business of exploration, mining of gold and the processing of mined ore into gold dorés.

CNMC Goldmine’s net profit more than doubled in FY2024 to US$9.8 million, with rising gold prices in recent years boosting its bottom line. To capitalise on Gold’s price surge, the Group has ramped up mining capacity at its flagship Sokor project and is also investing to expand processing capacity.

▶️ Find out more here: Stock screener (bit.ly/3E77MFC); 10 in 10 article (bit.ly/4lx5kJ0); and analyst research (bit.ly/4cyGQv6).

📣 Join us on Facebook Livehttp://bit.ly/3cIxdNt at 8.42am SGT tomorrow as we countdown to the listing of Vin’s Holdings Ltd. The company is a leading integrated automotive solutions provider in Singapore catering to the diverse needs of individuals and businesses in the automotive industry.

➡️ For more information on this listing, visit bit.ly/4lrafLA

#SGXIPO#SGXSecurities#CapitalMarkets

🏘️REIT Watch - S-REITs' yield remains compelling for defensive investors amid market volatility

The ongoing uncertainty from tariffs and trade tensions has caused significant volatility in global markets over the past week, as investors take a risk-off approach. S-REITs have not been spared from the weaker sentiment. Since the "Liberation Day" tariffs were announced, the iEdge S-REIT Index fell 7.5% as of April 10, but still fared better than other major stock indices over the same period.

While a broad economic slowdown affects all sectors, S-REITs may offer investors some shelter. S-REITs currently trades at a relatively high distribution yield, offering investors income prospects when most other assets face significant uncertainty. As of April 10, the average trailing 12-month yield from the S-REITs that currently pay distributions rose to 7.3%, up from 6.9% as of end-February.

▶️ Find out which S-REITs had the highest net inflows last week despite the market volatility: bit.ly/3RTKeqF

📣Earnings Calendar – 14 April 2025 to 18 April 2025

5 SGX-listed companies will be announcing their financial results and business updates this week.

🔖 Bookmark our Economic Calendarbit.ly/4igTG2j for weekly updates of key macroeconomic events, earnings releases and corporate actions in the global and Singapore markets!

#SGXSecurities#STI#CorporateEarnings

📈Net Retail Buying Surpasses S$1.24B Amid Recent Volatility

Retail investors net bought S$1.24 billion of Singapore stocks over the first eight trading sessions of April. During these eight sessions a surge in global volatility saw the STI generate a 9.6% decline in total return, returning to 3Q24 levels, and ending the April 10 session at 3,577.83. The iEdge S-REIT Index also declined 7.4% in total return.

STI Banks led the net retail inflow over the eight sessions and averaged 12.3% declines in total return. From a sector perspective, the net retail inflow was led by Banks, Industrials, Technology, Consumer Cyclicals and REITs. Meanwhile, the Telecommunications Sector led the net retail outflow, led by Singtel.

▶️ Find out more about the local stocks that booked the highest net retail flows amid the global volatility here: bit.ly/3E9snZU

💡What Type of Investor Are You?

Setting your investment goal is an important first step for new investors. It keeps you motivated, shapes your investment strategy, and guides your stock choices. To set an effective goal, it's important to understand your reasons for investing. Are you an income investor or a growth investor?

📚 Learn how being an income or growth investor affects your goals, stock preferences, and the financial metrics you should consider with this infographic ➡️bit.ly/3G9hl7i

#FinLit

SGX Academy Events Coming Up

💰 14 Apr: Unlocking the Power of Dividend Investing
📊 16 Apr: Mastering Market Trends: From Analysis to Trading Strategies
🇨🇳 22 Apr: [In-Person] UOBAM FTSE China A50 Index ETF: Capture China's growth potential
📈 24 Apr: Capture Bull & Bear Market Opportunities with Daily Leverage Certificates

Visit bit.ly/3Xz46mm for more educational programmes run by SGX Academy.

Companies in the Spotlight

🏘️ Elite UK REIT | 10 in 10 | Eyeing Diversification Across UK Real Estate bit.ly/42pSXWt

⚙️ ISDN Holdings | kopi-C | Seizing the Moment in Automation: ISDN's Vision for Future-Proofing and Sustainable Growth bit.ly/3E5WOAa

🏢 LHN Group | 22 Apr | Phillip Securities Corporate Insights bit.ly/3QMQeRP

🌱 [Partner's Post] Hong Kong SDR Spotlight: Ping An Insurance - Leading integrated insurer with tech-driven cross-selling

🏥Integrated model facilitates effective cross-selling across large retail base
• Operating profit breakdown (OPAT): Life & Health (80%), Property & Casualty (12%), Banking (21%)
• 98% retention rate across 242M retail customers, with over 25% holding 4 or more contracts

🙎‍♂️Healthy core business profitability
• FY2024 OPAT rose 9% driven by strong performance in P&C segment
• Positive impact to bottom-line from AI reforms to improve agent productivity. New Business Value per agent rose 43%

💰Attractive dividend and valuation
• 13th straight year of dividend hike, dividend yield at 5.8%
• Trades below NAV at 0.87x PB; strong fundamentals merit premium vs peers

🔎 Visit bit.ly/42gOfby for more reports on the underlying Hong Kong securities of SDRs.

💡Analyst Spotlight for 10 April 2025

🏗️OKP Holdings (5CF)
- Commanding a robust order book (S$600.7m) and a solid net cash position (c.63% of market cap) as of FY24, OKP boasts a compelling mix of strong fundamentals, including attractive valuations and a stellar track record.
Full report here: bit.ly/4coSDvT

⚙️Grand Venture Technology (JLB)
- For the six months ended 31 December 2024 (2H FY2024), GVT's revenue rose by 58.8% from S$57.4m in 2H FY2023 to S$91.2m in 2H FY2024.
Full report here: bit.ly/426J2Xc

🚢Marco Polo Marine (5LY)
- The upcoming launch of the new CSOV Archer Wind is expected to contribute positively in the second half of 2025.
Full report here: bit.ly/3XTQaU9

Visit Analyst Research page for more broker research reports: bit.ly/4cpzpXb

📈Local Stocks Booked Net Inflows from Institutions and Retail Amid Global Volatility

The impact of the Trump Administration’s new significant tariff policy under the US International Emergency Economic Powers Act has significantly impacted global financial market volatility and growth outlooks. Since the end of March, the FTSE All-World Index has declined by 9.3% in SGD total returns, while the STI declined 10.5%.

Net flows indicated retail investors continued to be net buyers of lagging stocks over the first five sessions of April. Yield hunting also emerged on 7 April, with more S-REITs making the net retail buying leaderboard. Institutions also net bought S$153.0 million in Singapore stocks on 7 April.

On April 7, CapitaLand Ascendas REIT, Mapletree Ind Trust, Frasers Log & Comm Trust, Keppel REIT, Lendlease Global Comm REIT, Frasers Centrepoint Trust, CapitaLand China Trust, AIMS APAC REIT, Sasseur REIT, and Frasers Hosp Trust were among 40+ stocks that booked net institutional and net retail buying. Together the 10 trusts average a 7.2% yield.

▶️ Find out more about which local stocks are attracting inflows amidst global volatility here: bit.ly/44gQ24Y

🪴Positioning for Sustainable Growth in Singapore's Low-Carbon Economy

Investors looking to ride on Singapore's transition to a low carbon economy and align their portfolios with a more sustainable future may consider ETFs that have low carbon tilts - such as the Lion-OCBC Securities Singapore Low Carbon ETF which offers exposure into 40 Singapore incorporated or domiciled companies with a lower carbon footprint.

The ETF generated 27.8% total return in 2024, outperforming the STI's 23.5%, and was the best performing Sustainability-linked ETF in 2024. The ETF extended its performance in 2025, delivering 4.6% returns in 1Q25. AUM of Sustainability-linked ETFs on SGX more that doubled from end 2023, crossing S$2 billion as at 31 December 2024, while trading value grew over 150% on year to over S$350 million.

▶️ Find out more about the Lion-OCBC Securities Singapore Low Carbon ETF: bit.ly/3REjiey

Lion-OCBC Securities Singapore Low Carbon ETF: Leading the Way in Sustainable Investing🚀📈🌏

Investing in the Lion-OCBC Securities Singapore Low Carbon ETF (ESG/ESU) offers a unique opportunity to align your investments with sustainability and performance.

Key highlights of the ETF:

• Best Performing Singapore Equity ETF: Since its listing on April 28, 2022, this ETF has consistently outperformed, achieving an annualized return of 11.2% as of March 31, 2025. It was the top-performing sustainability-linked ETF on SGX in 2024.

• Top Dividend-Paying ETF: In 2024, it was the top dividend-paying Singapore equity ETF with a yield of 5.7%, offering semi-annual and special dividends.

• Riding the Net Zero Megatrend: With global and local commitments to reducing carbon emissions, this ETF positions investors to benefit from the long-term shift towards sustainability.

To learn more about ETFs listed on SGX, Join us at the upcoming seminar: bit.ly/3R6P9Es

🏢Stock of the Week: Digital Core REIT (SGX: DCRU)

Digital Core REIT is a pure-play data centre S-REIT sponsored by leading data centre owner and operator, Digital Realty. It invests in a diversified portfolio of stabilised, income-producing real estate assets globally.

Digital Core REIT reported a 17% increase in distributable income in 2H 2024, driven by higher contributions from the Frankfurt Facility and lower interest rates on bank borrowings. The REIT declared a 2H 2024 distribution per unit (DPU) of 1.80 U.S. cents, up 1.1% year-over-year.

The REIT's recent acquisition of a 20% interest in a data centre in Osaka, Japan, is expected to enhance geographic diversification and expand its presence in Japan, increasing the annualised revenue contribution from Osaka from 7% to 11% and being 1.8% accretive to its DPU.

▶️ For more information on Digital Core REIT, visit bit.ly/3YmymRH.

What's Trending: Why sustainable equity investors should pay close attention to Singapore

🎙Featuring Lee Clements, Head of Applied Sustainable Investment Research of FTSE Russell

Sustainable investing is gaining traction globally, and Singapore is stepping up as a leader. According to FTSE Russell, the green economy exposure of the STI was 10.9% of market capitalisation at end 2024, based on LSEG Green Revenues data. This is up from less than 4.2% in 2016.

This level of green revenues exposure puts the STI ahead of the global average of 8.6%, and it also exceeds that of China, Hong Kong, South Korea, Thailand and Malaysia. Hear more from Clements as he shares how investors can tap into green revenue exposure through key STI sectors such as real estate, utilities, and industrials.

➡️ Find out more here: bit.ly/42xtBXY

🏠REIT Watch - S-REITs record net institutional inflows in March as sector snaps 5-month losing streak

Global markets experienced a sell-off after US President Donald Trump imposed a 10% baseline tariff on imported goods from all countries starting April 5. Following that on April 4, the STI dipped close to 2% in the morning session, and closed the week with a 3.7% decline after five consecutive sessions of losses.

In contrast, Singapore real estate investment trusts (S-REITs), as tracked by the iEdge S-REIT Index, rose 1.4% on April 3 following Trump’s tariff announcement and ended the week in positive territory, up 0.2%, outperforming the global REITs market. Institutional investors were seen to have rotated into S-REITs, with about S$26M of net inflows during the April 3 session. Institutional investors also net bought over S$71M into the sector in March, after five consecutive months of net outflows.

▶️ Find out more about S-REITs' performance amid the market volatility: bit.ly/4llOJYD

🔥New China Dividend ETFs launched; Trump’s reciprocal tariffs escalate global trade war

Lion-China Merchants CSI Dividend Index ETF (INC/ICH) was listed on SGX on March 28. The ETF provides investors exposure to Chinese onshore stocks with a track record of high dividend yields.

Key highlights on China ETFs:

In the early hours of April 3, Trump announced blanket 10% tariffs on US imports, with China emerging as one of the biggest victims in Trump’s latest trade salvo, bringing the effective tariff rate on Chinese goods to a whopping 54%.

Chinese stocks with significant overseas exposure led the decliners, with Alibaba closing 5% lower on the backdrop of a broader market sell-off. The HST index has declined 12.5% since its March 18 peak, nearing a 4th consecutive losing week and sliding further into correction territory.

➡️ To learn more about ETFs listed on SGX, visit bit.ly/4iY9MhY

Companies in the Spotlight

🏘️ IREIT Global | 10 in 10 | Gateway to European Real Estate bit.ly/43ziiQ8

🔍 Audience Analytics | 8 Apr | Phillip Securities Corporate Insights bit.ly/3QMQeRP

🏦 UOB Group | 15 Apr | SIAS Corporate Connect Webinar bit.ly/3QMQeRP