SGX RegCo is trying to remove impediments to shareholder-requisitioned EGMs, to subject companies to greater market discipline. Its CEO Tan Boon Gin talks to BT’s Ben Paul about how this aligns with the larger goal of boosting shareholder value and creating a more vibrant market. Synopsis: Listen to senior correspondent Ben Paul's analysis and insight on market trends and corporate issues in Singapore in this podcast series based on his weekly column in The Business Times. Highlights of the podcast: 01:54 Regulation to support shareholder value creation 06:17 Proposed EGM rules empower minority investors 11:42 EGMs versus AGMs: the Great Eastern case  15:59 How Sabana Reit’s activists have wielded EGMs 19:36 Should Singapore follow Japan, South Korea? --- Now, we want to hear from you! Send us your questions, thoughts, story ideas, and feedback to btpodcasts@sph.com.sg. We’ll look into it for future episodes. --- Written and hosted by: Ben Paul (benpaul@sph.com.sg) With Tan Boon Gin, CEO, Singapore Exchange Regulation Edited by: Emily Liu, Lee Kim Siang & Claressa Monteiro Produced by: Ben Paul & Emily Liu Engineered by: Joann Chai Pei Chieh & Claressa Monteiro A podcast by BT Podcasts, The Business Times, SPH Media Follow BT Mark To Market: Channel: bt.sg/btmark2mkt Apple Podcasts: bt.sg/4DJp Spotify: bt.sg/4DJN YouTube Music: bt.sg/m2myt Google Podcasts: bt.sg/4D2E Website: bt.sg/mark2mkt Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party’s products and services. Please consult professional advisors for independent advice. --- Discover more BT podcast series: BT Money Hacks: bt.sg/btmoneyhacks WealthBT: bt.sg/btwealthbt PropertyBT: bt.sg/btpropertybt BT Podcasts: bt.sg/pcOM BT Market Focus: bt.sg/btmktfocus BT Branded Podcasts: bt.sg/brpod BT Lens On: bt.sg/btlenson

Higher interest rates and the reduced availability of debt is weighing on the whole Reit sector. Should investors look for winners among the biggest losers in the sector? Or, among the ones that have sustained their performance? BT’s Ben Paul and Raphael Lim offer some answers. Synopsis: Listen to senior correspondent Ben Paul's analysis and insight on market trends and corporate issues in Singapore in this podcast series based on his weekly column in The Business Times. Highlights of the podcast: 01:45 Higher debt costs driving the whole sector 04:46 Should Kore have halted its distributions? 14:46 Sponsor failures fuelling internalisation push 19:41 One Reit that grew despite tough backdrop --- Now, we want to hear from you! Send us your questions, thoughts, story ideas, and feedback to btpodcasts@sph.com.sg. We’ll look into it for future episodes. --- Written and hosted by: Ben Paul (benpaul@sph.com.sg) With Raphael Lim, correspondent, The Business Times Edited by: Emily Liu & Lee Kim Siang Produced by: Ben Paul & Emily Liu Engineered by: Joann Chai Pei Chieh A podcast by BT Podcasts, The Business Times, SPH Media Follow BT Mark To Market: Channel: bt.sg/btmark2mkt Amazon: bt.sg/m2mam Apple Podcasts: bt.sg/4DJp Spotify: bt.sg/4DJN Google Podcasts: bt.sg/4D2E Website: bt.sg/mark2mkt Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party’s products and services. Please consult professional advisors for independent advice. --- Discover more BT podcast series: BT Money Hacks: bt.sg/btmoneyhacks WealthBT: bt.sg/btwealthbt PropertyBT: bt.sg/btpropertybt BT Podcasts: bt.sg/pcOM BT Market Focus: bt.sg/btmktfocus BT Branded Podcasts: bt.sg/brpod BT Lens On: bt.sg/btlenson

A group of minority shareholders at Great Eastern have put through three resolutions to address their assessment of Great Eastern's shares. Their attempt to table these resolutions at the upcoming AGM has been rejected. What is next? BT's Ben Paul sits down with independent investor Ong Chin Woo to discuss his concerns and breakdown the resolutions proposed. Synopsis: Listen to senior correspondent Ben Paul's analysis and insight on market trends and corporate issues in Singapore in this podcast series based on his weekly column in The Business Times. Highlights of the podcast: 01:21 Great Eastern’s board, minorities square off 04:42 Resolutions to align interests, unlock value 11:28 Shareholders of OCBC may stand to benefit 19:48 Minorities must be reasonable, willing to fight Written and hosted by: Ben Paul (benpaul@sph.com.sg) With Ong Chin Woo, independent investor Edited by: Emily Liu & Claressa Monteiro Produced by: Ben Paul & Emily Liu Engineered by: Joann Chai Pei Chieh A podcast by BT Podcasts, The Business Times, SPH Media Follow BT Mark To Market: Channel: bt.sg/btmark2mkt Apple Podcasts: bt.sg/4DJp Spotify: bt.sg/4DJN Google Podcasts: bt.sg/4D2E Website: bt.sg/mark2mkt Feedback to: btpodcasts@sph.com.sg Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party’s products and services. Please consult professional advisors for independent advice. --- Discover more BT podcast series: BT Money Hacks: bt.sg/btmoneyhacks WealthBT: bt.sg/btwealthbt PropertyBT: bt.sg/btpropertybt BT Podcasts: bt.sg/pcOM BT Market Focus: bt.sg/btmktfocus BT Branded Podcasts: bt.sg/brpod BT Lens On: bt.sg/btlenson

Cordlife Group is in big trouble. Last November, the Ministry of Health suspended the company’s operations after it found significant issues with its cord blood storage system. How did things get so bad? Can the company really come back from this crisis? Ben Paul sits down with reporter Megan Cheah to break it all down.   Synopsis: Listen to senior correspondent Ben Paul's analysis and insight on market trends and corporate issues in Singapore in this podcast series based on his weekly column in The Business Times. Highlights of the podcast: 01:55 Board failed investors and customers 06:05 More problems may come to light 08:41 Stock may have bottomed for now 14:52 Time to weigh options to unlock value Written and hosted by: Ben Paul (benpaul@sph.com.sg) With Megan Cheah, journalist, The Business Times Edited by: Emily Liu & Claressa Monteiro Produced by: Ben Paul & Emily Liu Engineered by: Joann Chai Pei Chieh A podcast by BT Podcasts, The Business Times, SPH Media Follow BT Mark To Market: Channel: bt.sg/btmark2mkt Apple Podcasts: bt.sg/4DJp Spotify: bt.sg/4DJN Google Podcasts: bt.sg/4D2E Website: bt.sg/mark2mkt Feedback to: btpodcasts@sph.com.sg Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party’s products and services. Please consult professional advisors for independent advice. --- Discover more BT podcast series: BT Money Hacks: bt.sg/btmoneyhacks WealthBT: bt.sg/btwealthbt PropertyBT: bt.sg/btpropertybt BT Podcasts: bt.sg/pcOM BT Market Focus: bt.sg/btmktfocus BT Branded Podcasts: bt.sg/brpod BT Lens On: bt.sg/btlenson

How can Singapore’s Reits and property trusts adjust to the “new normal” of higher interest rates and slower growth? Especially since the outlook for economic growth - after all the monetary policy tightening that took place over the last two years - is rather uncertain. Ben Paul has some suggestions.   Synopsis: Listen to senior correspondent Ben Paul's analysis and insight on market trends and corporate issues in Singapore in this podcast series based on his weekly column in The Business Times. Highlights of the podcast: 02:28 Reits seeing a reversal of fortunes 04:40 Slower growth, higher interest rates 07:57 Pressure on real estate valuations 12:50 Time to cut debt, reposition portfolios Written and hosted by: Ben Paul (benpaul@sph.com.sg) Edited by: Howie Lim & Claressa Monteiro Produced by: Ben Paul & Howie Lim Engineered by: Joann Chai Pei Chieh A podcast by BT Podcasts, The Business Times, SPH Media Follow BT Mark To Market: Channel: bt.sg/btmark2mkt Apple Podcasts: bt.sg/4DJp Spotify: bt.sg/4DJN Google Podcasts: bt.sg/4D2E Website: bt.sg/mark2mkt Feedback to: btpodcasts@sph.com.sg Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party’s products and services. Please consult professional advisors for independent advice. --- Discover more BT podcast series: BT Money Hacks: bt.sg/btmoneyhacks WealthBT: bt.sg/btwealthbt PropertyBT: bt.sg/btpropertybt BT Podcasts: bt.sg/pcOM BT Market Focus: bt.sg/btmktfocus BT Branded Podcasts: bt.sg/brpod BT Lens On: bt.sg/btlenson

Minority investor fury at Manulife US Reit, Sabana Reit and Dasin Retail Trust has turned the spotlight on the effectiveness of the statutory protections under the external-manager model adopted by most Singapore Reits and business trusts. But switching to an internal-manager model is not a simple matter.  Synopsis: Listen to senior correspondent Ben Paul's analysis and insight on market trends and corporate issues in Singapore in this podcast series based on his weekly column in The Business Times. Highlights of the podcast: 02:06 Perilous outlook for Reits, property trusts in 2024 04:32 Manulife US Reit sponsor less than generous 10:32 Sabana, Dasin unitholders want internal managers 13:09 Manager-internalisation pathway will boost market 16:30 Should investors bet on Manulife US Reit’s recovery? Written and hosted by: Ben Paul (benpaul@sph.com.sg) Edited by: Howie Lim & Claressa Monteiro Produced by: Ben Paul & Howie Lim Engineered by: Joann Chai Pei Chieh A podcast BT Podcasts, The Business Times, SPH Media Follow BT Mark To Market: Channel: bt.sg/btmark2mkt Apple Podcasts: bt.sg/4DJp Spotify: bt.sg/4DJN Google Podcasts: bt.sg/4D2E Website: bt.sg/mark2mkt Feedback to: btpodcasts@sph.com.sg Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party’s products and services. Please consult professional advisors for independent advice. --- Discover more BT podcast series: BT Money Hacks: bt.sg/btmoneyhacks WealthBT: bt.sg/btwealthbt PropertyBT: bt.sg/btpropertybt BT Podcasts: bt.sg/pcOM BT Market Focus: bt.sg/btmktfocus BT Branded Podcasts: bt.sg/brpod BT Lens On: bt.sg/btlenson

The Singapore market’s poor performance and lack of exciting new listings are multifaceted problems that require simultaneous action on different fronts. Senior correspondent Ben Paul gets to grips with issues, and offers some possible solutions.  Synopsis: Listen to senior correspondent Ben Paul's analysis and insight on market trends and corporate issues in Singapore in this podcast series based on his weekly column in The Business Times. Highlights of the podcast: 03:50 Private capital and the Magnificent Seven 08:19 Diverse views on what’s dogging the market  12:26 Governance, performance are interconnected 15:30 Timing, pricing of IPOs should be calibrated Written and hosted by: Ben Paul (benpaul@sph.com.sg) Edited by: Claressa Monteiro and Howie Lim Produced and edited by: Howie Lim Recording engineer: Joann Chai Pei Chieh Produced by: BT Podcasts, The Business Times, SPH Media Follow BT Mark To Market podcasts and rate us at: Channel: bt.sg/btmark2mkt Apple Podcasts: bt.sg/4DJp Spotify: bt.sg/4DJN Google Podcasts: bt.sg/4D2E Website: bt.sg/mark2mkt Feedback to: btpodcasts@sph.com.sg Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party’s products and services. Please consult professional advisors for independent advice. --- Discover more BT podcast series: BT Money Hacks: bt.sg/btmoneyhacks WealthBT: bt.sg/btwealthbt PropertyBT: bt.sg/btpropertybt BT Podcasts: bt.sg/pcOM BT Market Focus: bt.sg/btmktfocus BT Branded Podcasts: bt.sg/brpod BT Lens On: bt.sg/btlenson

Rising oil prices and stubbornly resilient economic activity may prompt the Fed and other central banks to keep monetary policy tighter for longer than expected. This could be bad news for US tech stocks, Singapore real estate investment trusts and regional economies with weak current accounts.  Synopsis: Listen to senior correspondent Ben Paul's analysis and insight on market trends and corporate issues in Singapore in this podcast series based on his weekly column in The Business Times. Highlights of the podcast: 02:03 Waning inflation sparked big rally last year 04:25 Oil prices, resilient growth reignite fears 09:47 Ebb and flow of tech, energy stocks  13:12 Regional currencies vulnerable to oil surge Written and hosted by: Ben Paul (benpaul@sph.com.sg) Edited by: Claressa Monteiro  Produced and edited by: Janice Tan Recording engineer: Joann Chai Pei Chieh Produced by: BT Podcasts, The Business Times, SPH Media Follow BT Mark To Market podcasts and rate us at: Channel: bt.sg/btmark2mkt Apple Podcasts: bt.sg/4DJp Spotify: bt.sg/4DJN Google Podcasts: bt.sg/4D2E Website: bt.sg/mark2mkt Feedback to: btpodcasts@sph.com.sg Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party’s products and services. Please consult professional advisors for independent advice. --- Discover more BT podcast series: BT Money Hacks: bt.sg/btmoneyhacks WealthBT: bt.sg/btwealthbt PropertyBT: bt.sg/btpropertybt BT Podcasts: bt.sg/pcOM BT Market Focus: bt.sg/btmktfocus BT Branded Podcasts: bt.sg/brpod BT Lens On: bt.sg/btlenson

Hotel Properties Limited has been buffeted recently by news of the redevelopment of its Orchard Road assets, and a corruption investigation involving its major shareholder and managing director Ong Beng Seng. What does it all mean for its shares? Senior correspondent Ben Paul explores. Synopsis: Listen to senior correspondent Ben Paul's analysis and insight on market trends and corporate issues in Singapore in this podcast series based on his weekly column in The Business Times. Highlights of the podcast: 01:31 Hit by corruption probe, redevelopment news 05:10 Hotels, resorts riding post-pandemic recovery 07:27 Ong Beng Seng owns slice of some properties 10:04 Risk of lowball privatisation Written and hosted by: Ben Paul (benpaul@sph.com.sg) Edited by: Claressa Monteiro  Produced and edited by: Janice Tan Recording engineer: Joann Chai Pei Chieh Produced by: BT Podcasts, The Business Times, SPH Media Follow BT Mark To Market podcasts and rate us at: Channel: bt.sg/btmark2mkt Apple Podcasts: bt.sg/4DJp Spotify: bt.sg/4DJN Google Podcasts: bt.sg/4D2E Website: bt.sg/mark2mkt Feedback to: btpodcasts@sph.com.sg Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party’s products and services. Please consult professional advisors for independent advice. --- Discover more BT podcast series: BT Money Hacks: bt.sg/btmoneyhacks WealthBT: bt.sg/btwealthbt PropertyBT: bt.sg/btpropertybt BT Podcasts: bt.sg/pcOM BT Market Focus: bt.sg/btmktfocus BT Branded Podcasts: bt.sg/brpod BT Lens On: bt.sg/btlenson

Disgruntled minority unitholders have voted for Sabana Reit to embark on an unprecedented internalisation of its management function. Should investors jump in, or run for cover? What does it mean for other Singapore-listed Reits? Senior correspondent Ben Paul explains. Synopsis: Listen to senior correspondent Ben Paul's analysis and insight on market trends and corporate issues in Singapore in this podcast series based on his weekly column in The Business Times. Highlights of the podcast: 01:24 Seizing power from Sabana Reit’s sponsor 03:07 Internalisation debate fierce and partisan 08:42 Waning investor faith in independence 12:48 Lender’s “review event” a poison pill? 14:03 Much now depends on stakeholders’ behaviour Written and hosted by: Ben Paul (benpaul@sph.com.sg) Edited by: Claressa Monteiro  Produced and edited by: Janice Tan Recording engineer: Joann Chai Pei Chieh Produced by: BT Podcasts, The Business Times, SPH Media Follow BT Mark To Market podcasts and rate us at: Channel: bt.sg/btmark2mkt Apple Podcasts: bt.sg/4DJp Spotify: bt.sg/4DJN Google Podcasts: bt.sg/4D2E Website: bt.sg/mark2mkt Feedback to: btpodcasts@sph.com.sg Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party’s products and services. Please consult professional advisors for independent advice. --- Discover more BT podcast series: BT Money Hacks: bt.sg/btmoneyhacks WealthBT: bt.sg/btwealthbt PropertyBT: bt.sg/btpropertybt BT Podcasts: bt.sg/pcOM BT Market Focus: bt.sg/btmktfocus BT Branded Podcasts: bt.sg/brpod BT Lens On: bt.sg/btlenson

OCBC’s recent purchase of more Great Eastern shares has further narrowed the insurer’s public spread and increased the risk of it eventually being suspended from trading. But Great Eastern undervalued shares still hold great potential. Senior correspondent Ben Paul explains. Synopsis: Listen to senior correspondent Ben Paul's analysis and insight on market trends and corporate issues in Singapore in this podcast series based on his weekly column in The Business Times. Highlights of the podcast:  05:28 Embedded value soars but shares languish 08:38 Little protection for minority shareholders 11:59 AGM comments on compensation and share price 16:06 Hiking Great Eastern's dividend payouts? Written and hosted by: Ben Paul (benpaul@sph.com.sg) Edited by: Howie Lim & Claressa Monteiro  Produced and edited by: Janice Tan Recording engineer: Joann Chai Pei Chieh Produced by: BT Podcasts, The Business Times, SPH Media Follow BT Mark To Market podcasts and rate us at: Channel: http://bt.sg/btmark2mkt Apple Podcasts: https://bt.sg/4DJp Spotify: https://bt.sg/4DJN Google Podcasts: http://bt.sg/4D2E Website: http://bt.sg/mark2mkt Feedback to: btpodcasts@sph.com.sg  Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party’s products and services. Please consult professional advisors for independent advice. --- Discover more BT podcast series: BT Money Hacks: http://bt.sg/btmoneyhacks WealthBT: https://bt.sg/btwealthbt PropertyBT: https://bt.sg/btpropertybt BT Podcasts: http://bt.sg/pcOM BT Market Focus: http://bt.sg/btmktfocus BT Branded Podcasts: http://bt.sg/brpod

Manulife US Reit is trading at a historical yield of 28 per cent and an appalling 70 per cent discount to its book value. Is it a bargain for investors? Or, is it a value trap? What will it take to resurrect this owner of US office properties? Senior correspondent Ben Paul explains. Synopsis: Listen to senior correspondent Ben Paul's analysis and insight on market trends and corporate issues in Singapore in this podcast series based on his weekly column in The Business Times. Highlights:  02:31 Recent developments at the Reit could be positive for investors 07:40 Manulife should emulate example of CapitaLand, Mapletree 12:27 Sale of Manulife US Reit can be structured to benefit investors 14:17 Why Manulife US Reit could be a bargain for long term investors Written and hosted by: Ben Paul (benpaul@sph.com.sg) Edited by: Howie Lim & Claressa Monteiro  Recording engineer: Joann Chai Pei Chieh Produced by: BT Podcasts, The Business Times, SPH Media Follow BT Mark To Market podcasts and rate us at: Channel: http://bt.sg/btmark2mkt Apple Podcasts: https://bt.sg/4DJp Spotify: https://bt.sg/4DJN Google Podcasts: http://bt.sg/4D2E Website: http://bt.sg/mark2mkt Feedback to: podcast@sph.com.sg Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party’s products and services. Please consult professional advisors for independent advice. --- Discover more BT podcast series: BT Money Hacks: http://bt.sg/btmoneyhacks WealthBT: https://bt.sg/btwealthbt PropertyBT: https://bt.sg/btpropertybt BT Podcasts: http://bt.sg/pcOM BT Market Focus: http://bt.sg/btmktfocus BT Branded Podcasts: http://bt.sg/brpod

The next few months could be a risky time. Investors should tread very carefully, and be prepared to take advantage of a big sell-off. The Fed is pausing its rate hiking cycle even though inflation is still elevated. Meanwhile, Singapore is battling to keep a lid on runaway residential property prices. Synopsis: Listen to senior correspondent Ben Paul's analysis and insight on market trends and corporate issues in Singapore in this podcast series based on his weekly column in The Business Times. Highlights:  01:34 Fed pauses, but financial conditions may continue tightening 02:44 Singapore tries to restrict runaway residential property prices 05:13 Tough policy action meets stubborn pushback from market 07:53 Self-serving narratives from financial market, property sectors 10:44 Bargains to be had in the wake of big, disorderly sell-offs Written and hosted by: Ben Paul (benpaul@sph.com.sg) Edited by: Howie Lim & Claressa Monteiro  Recording engineer: Joann Chai Pei Chieh Produced by: BT Podcasts, The Business Times, SPH Media Follow BT Mark To Market podcasts and rate us at: Channel: http://bt.sg/btmark2mkt Apple Podcasts: https://bt.sg/4DJp Spotify: https://bt.sg/4DJN Google Podcasts: http://bt.sg/4D2E Website: http://bt.sg/mark2mkt Feedback to: podcast@sph.com.sg Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party’s products and services. Please consult professional advisors for independent advice. --- Discover more BT podcast series: BT Money Hacks: http://bt.sg/btmoneyhacks WealthBT: https://bt.sg/btwealthbt PropertyBT: https://bt.sg/btpropertybt BT Podcasts: http://bt.sg/pcOM BT Market Focus: http://bt.sg/btmktfocus BT Branded Podcasts: http://bt.sg/brpod

Synopsis: Listen to senior correspondent Ben Paul's analysis and insight on market trends and corporate issues in Singapore in this podcast series based on his weekly column in The Business Times. Keep your FOMO in check! The recent bank failures in the West were not just about poor management but also a manifestation of tighter monetary policy working its way through the financial system. Yet, the Fed does not appear ready to cut rates immediately. Chasing the market at this point could be a bad idea. Highlights:  01:36 Waiting for the next shoe to drop 06:13 S&P500, STI have shrugged off the bad news 09:32 Parsing Fed’s latest comments, rate projections 11:38 Weaker REITs may succumb to financial stress Written and hosted by: Ben Paul (benpaul@sph.com.sg) Produced by: Howie Lim & Claressa Monteiro Engineered by: Howie Lim Follow BT Mark To Market podcasts and rate us at: Channel: http://bt.sg/btmark2mkt Apple Podcasts: https://bt.sg/4DJp Spotify: https://bt.sg/4DJN Google Podcasts: http://bt.sg/4D2E Website: http://bt.sg/mark2mkt Feedback to: podcast@sph.com.sg Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party’s products and services. Please consult professional advisors for independent advice. --- Discover more BT podcast series: BT Money Hacks: http://bt.sg/btmoneyhacks WealthBT: https://bt.sg/btwealthbt PropertyBT: https://bt.sg/btpropertybt BT Podcasts: http://bt.sg/pcOM BT Market Focus: http://bt.sg/btmktfocus BT Branded Podcasts: http://bt.sg/brpod

Synopsis: Listen to Senior Correspondent Ben Paul's analysis and insight on market trends and corporate issues in Singapore in this podcast series based on his weekly column in The Business Times. The proposed break-up and delisting of Golden Energy and Resources and the general offer for Boustead Projects do not adequately compensate minority investors. These deals are also testing the rules and conventions around de-listings in the Singapore market. Ben Paul has insights.  Highlights:  02:13 Golden Energy already trading above all-cash consideration 05:18 Revised offer for Boustead Projects way below NAV, RNAV 09:28 SGX tightened up its rules on de-listings in 2019  11:30 Investor complaint draws regulatory scrutiny of IFA role  14:53 SGX’s position on general offers, de-listings could be tested Produced by: Ben Paul (benpaul@sph.com.sg), Howie Lim and Claressa Monteiro Edited by: Howie Lim Follow BT Mark To Market podcasts and rate us at: Channel: http://bt.sg/btmark2mkt Apple Podcasts: https://bt.sg/4DJp Spotify: https://bt.sg/4DJN Google Podcasts: http://bt.sg/4D2E Website: http://bt.sg/mark2mkt Feedback to: podcast@sph.com.sg Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party’s products and services. Please consult professional advisors for independent advice. --- Discover more BT podcast series: BT Money Hacks: http://bt.sg/btmoneyhacks WealthBT: https://bt.sg/btwealthbt PropertyBT: https://bt.sg/btpropertybt BT Podcasts: http://bt.sg/pcOM BT Market Focus: http://bt.sg/btmktfocus BT Branded Podcasts: http://bt.sg/brpod

Synopsis: Listen to Senior Correspondent Ben Paul's analysis and insight on market trends and corporate issues in Singapore in this podcast series based on his weekly column in The Business Times. Share buybacks are a means of returning cash to investors. But they discriminate between existing shareholders and continuing shareholders. Ben Paul explains why investors should carefully consider if these exercises are in their best interest, and press corporate boards to raise their game. Highlights:  02:10 A signal business is thriving, and stock prices are too low 05:37 Why companies often pursue buybacks at the wrong time 07:53 Companies repurchase their shares too opportunistically  10:46 Warren Buffett’s approach to buybacks should be emulated 13:39 Investors can vote against share purchase mandates at AGMs  Produced by: Ben Paul (benpaul@sph.com.sg), Howie Lim and Claressa Monteiro Edited by: Howie Lim Follow BT Mark To Market podcasts and rate us at: Channel: http://bt.sg/btmark2mkt Apple Podcasts: https://bt.sg/4DJp Spotify: https://bt.sg/4DJN Google Podcasts: http://bt.sg/4D2E Website: http://bt.sg/mark2mkt Feedback to: podcast@sph.com.sg Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party’s products and services. Please consult professional advisors for independent advice.  --- Discover more BT podcast series: BT Money Hacks: http://bt.sg/btmoneyhacks WealthBT: https://bt.sg/btwealthbt PropertyBT: https://bt.sg/btpropertybt BT Podcasts: http://bt.sg/pcOM BT Market Focus: http://bt.sg/btmktfocus BT Branded Podcasts: http://bt.sg/brpod

Synopsis: Listen to Senior Correspondent Ben Paul's analysis and insight on market trends and corporate issues in Singapore in this podcast series based on his weekly column in The Business Times. 2022 was marked by the relentless tightening of monetary policy by major central banks to address the surge in inflation around the world. What about 2023? Ben Paul finds out.  Highlights:  03:00 Cumulative impact of higher interest rates to be felt in 2023 09:43 Tech companies coping with “recession” after over-investment  12:14 Hunt for tech companies still capable of disrupting status quo 15:48 Singapore market outperformed in 2022, faces risks in 2023 Produced by: Ben Paul (benpaul@sph.com.sg) and Howie Lim Edited by: Howie Lim Follow BT Mark To Market podcasts and rate us at: Channel: http://bt.sg/btmark2mkt Apple Podcasts: https://bt.sg/4DJp Spotify: https://bt.sg/4DJN Google Podcasts: http://bt.sg/4D2E Website: http://bt.sg/mark2mkt Feedback to: podcast@sph.com.sg Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party’s products and services. Please consult professional advisors for independent advice.  --- Discover more BT podcast series: BT Money Hacks: http://bt.sg/btmoneyhacks WealthBT: https://bt.sg/btwealthbt PropertyBT: https://bt.sg/btpropertybt BT Podcasts: http://bt.sg/pcOM BT Market Focus: http://bt.sg/btmktfocus BT Branded Podcasts: http://bt.sg/brpod

Synopsis: Listen to Senior Correspondent Ben Paul's analysis and insight on market trends and corporate issues in Singapore in this podcast series based on his weekly column in The Business Times. Singapore Airlines is enjoying a banner FY2023 as international borders reopen and travellers pay up for flights. But losses in India, competition and the need to eventually redeem the rest of its MCBs could weigh on investor sentiment next year. Highlights: (click/tap above) 03:31 Massive upswing in profitability as travellers pay up for flights 06:21 Resuming dividend payouts, redeeming first tranche of MCBs 09:19 Why airlines have poor long-term investment fundamentals 13:31 Air India-Vistara deal unlikely to immediately excite investors Produced by: Ben Paul (benpaul@sph.com.sg), Howie Lim and Claressa Monteiro Edited by: Howie Lim Follow BT Mark To Market podcasts and rate us at: Channel: http://bt.sg/btmark2mkt Apple Podcasts: https://bt.sg/4DJp Spotify: https://bt.sg/4DJN Google Podcasts: http://bt.sg/4D2E Website: http://bt.sg/mark2mkt Feedback to: podcast@sph.com.sg Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party’s products and services. Please consult professional advisors for independent advice.  --- Discover more BT podcast series: BT Money Hacks: http://bt.sg/btmoneyhacks WealthBT: https://bt.sg/btwealthbt PropertyBT: https://bt.sg/btpropertybt BT Podcasts: http://bt.sg/pcOM BT Market Focus: http://bt.sg/btmktfocus BT Branded Podcasts: http://bt.sg/brpod

Synopsis: Listen to Senior Correspondent Ben Paul's analysis and insight on market trends and corporate issues in Singapore in this podcast series based on his weekly column in The Business Times. Are there stock bargains and returns to be found in the dating scene? Can Match Group and its broad portfolio of dating app brands make a comeback? Senior correspondent Ben Paul finds out. Highlights: (click/tap above) 02:21 How the Internet changed the hunt for romantic partners 06:21 Match Group has a broad portfolio of dating app brands 09:46 Stock down sharply on Fed hikes, slower revenue growth  12:25 New CEO setting company on a stronger growth trajectory Produced by: Ben Paul (benpaul@sph.com.sg), and Howie Lim Edited by: Howie Lim Follow BT Mark To Market podcasts and rate us at: Channel: http://bt.sg/btmark2mkt Apple Podcasts: https://bt.sg/4DJp Spotify: https://bt.sg/4DJN Google Podcasts: http://bt.sg/4D2E Website: http://bt.sg/mark2mkt Feedback to: podcast@sph.com.sg Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party’s products and services. Please consult professional advisors for independent advice.  --- Discover more BT podcast series: BT Money Hacks: http://bt.sg/btmoneyhacks WealthBT: https://bt.sg/btwealthbt PropertyBT: https://bt.sg/btpropertybt BT Podcasts: http://bt.sg/pcOM BT Market Focus: http://bt.sg/btmktfocus

Synopsis: Listen to Senior Correspondent Ben Paul's analysis and insight on market trends and corporate issues in Singapore in this podcast series based on his weekly column in The Business Times. Why has the market reacted so negatively to SATS’s proposed acquisition of Worldwide Flight Services and what could the company have done differently? Ben Paul finds out. Highlights: (click/tap above) 02:43 SATS struggling to address anticipation of a big rights issue 07:16 Acquisition would enlarge SATS, and make it more resilient 09:27 Market clearly doubts the assertions about EPS accretion 12:21 Investors unlikely to return until there is more clarity on deal Produced by: Ben Paul (benpaul@sph.com.sg), Howie Lim and Claressa Monteiro Edited by: Howie Lim Follow BT Mark To Market podcasts and rate us at: Channel: http://bt.sg/btmark2mkt Apple Podcasts: https://bt.sg/4DJp Spotify: https://bt.sg/4DJN Google Podcasts: http://bt.sg/4D2E Website: http://bt.sg/mark2mkt Feedback to: podcast@sph.com.sg Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party’s products and services. Please consult professional advisors for independent advice.  --- Discover more BT podcast series: BT Money Hacks: http://bt.sg/btmoneyhacks WealthBT: https://bt.sg/btwealthbt PropertyBT: https://bt.sg/btpropertybt BT Podcasts: http://bt.sg/pcOM BT Market Focus: http://bt.sg/btmktfocus

Synopsis: Listen to Senior Correspondent Ben Paul's analysis and insight on market trends and corporate issues in Singapore in this podcast series based on his weekly column in The Business Times. What might have motivated minority holders of FHT’s stapled securities to vote against the proposed privatisation of Frasers Hospitality Trust and now what? Ben Paul finds out. Highlights: (click/tap above) 02:34 Privatisation was proposed to address poor performance 07:28 Why minority investors might have voted against the deal 09:33 FHT appears to be suffering from flaws in its overall strategy  11:49 Broad reconstitution of FHT’s portfolio could be necessary  Produced by: Ben Paul (benpaul@sph.com.sg), Howie Lim and Claressa Monteiro Edited by: Howie Lim and Claressa Monteiro Follow BT Mark To Market podcasts and rate us at: Channel: http://bt.sg/btmark2mkt Apple Podcasts: https://bt.sg/4DJp Spotify: https://bt.sg/4DJN Google Podcasts: http://bt.sg/4D2E Website: http://bt.sg/mark2mkt Feedback to: podcast@sph.com.sg Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party’s products and services. Please consult professional advisors for independent advice.  --- Discover more BT podcast series: BT Money Hacks: http://bt.sg/btmoneyhacks WealthBT: https://bt.sg/btwealthbt PropertyBT: https://bt.sg/btpropertybt BT Podcasts: http://bt.sg/pcOM BT Market Focus: http://bt.sg/btmktfocus

Synopsis: Listen to Senior Correspondent Ben Paul's analysis and insight on market trends and corporate issues in Singapore in this podcast series based on his weekly column in The Business Times. With the growing threat of phishing scams and recent incidents involving high-profile banks, who should bear the most responsibility? And how can consumers better safeguard themselves?  Ben Paul explains. Highlights: (click/tap above) 02:32 Proliferation of online scams a sign of the times 04:35 Banks have underinvested in their online platforms 09:57 Reminders to be vigilant stigmatises scam victims 12:51 Making customers bear losses fraught with risks Produced by: Ben Paul (benpaul@sph.com.sg), Howie Lim and Claressa Monteiro Edited by: Howie Lim Follow BT Mark To Market podcasts and rate us at: Channel: http://bt.sg/btmark2mkt Apple Podcasts: https://bt.sg/4DJp Spotify: https://bt.sg/4DJN Google Podcasts: http://bt.sg/4D2E Website: http://bt.sg/mark2mkt Feedback to: podcast@sph.com.sg Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party’s products and services. Please consult professional advisors for independent advice.  --- Discover more BT podcast series: BT Money Hacks: http://bt.sg/btmoneyhacks WealthBT: https://bt.sg/btwealthbt PropertyBT: https://bt.sg/btpropertybt BT Podcasts: http://bt.sg/pcOM BT Market Focus: http://bt.sg/btmktfocus

Synopsis: Listen to Senior Correspondent Ben Paul's analysis and insight on market trends and corporate issues in Singapore in this podcast series based on his weekly column in The Business Times. How have the recent Fed rate hikes impacted the markets and why should investors not hope for a V-shaped recovery any time soon? What about the resurgence of inflation, and what it could mean for investors over the longer term? Ben Paul discusses. Highlights: (click/tap above) 02:24 Shifting inflation expectations prompted bigger Fed hike 05:26 Bond yields begin reflecting likelihood of slower growth 08:26 Political, social trends suggest inflation may be sticky 10:50 Adopt Warren Buffett-like approach to selecting stocks 12:51 Singapore banks, richly-priced Reits suffered sell off Produced by: Ben Paul (benpaul@sph.com.sg), Howie Lim and Claressa Monteiro Edited by: Howie Lim Follow BT Mark To Market podcasts and rate us at: Channel: http://bt.sg/btmark2mkt Apple Podcasts: https://bt.sg/4DJp Spotify: https://bt.sg/4DJN Google Podcasts: http://bt.sg/4D2E Website: http://bt.sg/mark2mkt Feedback to: podcast@sph.com.sg Do note: All analyses, opinions, recommendations and other information in this podcast are for your general information only. You should not rely on them in making any decision. Please consult a fully qualified financial adviser or professional expert for independent advice and verification. To the fullest extent permitted by law, SPH Media shall not be liable for any loss arising from the use of or reliance on any analyses, opinions, recommendations and other information in this podcast. SPH Media accepts no responsibility or liability whatsoever that may result or arise from the products, services or information of any third parties.  --- Discover more BT podcast series: BT Money Hacks: http://bt.sg/btmoneyhacks WealthBT: https://bt.sg/btwealthbt PropertyBT: https://bt.sg/btpropertybt BT Podcasts: http://bt.sg/pcOM BT Market Focus: http://bt.sg/btmktfocus

Synopsis: Listen to Senior Correspondent Ben Paul's analysis and insight on market trends and corporate issues in Singapore in this podcast series based on his weekly column in The Business Times. A well-known loophole that allows major shareholders to take their companies private more easily is back in the spotlight with the current lowball offer for TTJ. Ben Paul explains what investors should do. Highlights:  01:28 TTJ rockets following offer, but minority investors fume 03:42 How major shareholders have exploited the loophole 06:36 Regulators recognise the problem, but have not acted 08:36 How to deal with lowball offers from major shareholders 10:45 Learning from case studies of IndoAgri and Challenger 13:01 Independent directors have crucial role in these situations Produced by: Ben Paul (benpaul@sph.com.sg), Howie Lim and Claressa Monteiro Edited by: Howie Lim Follow BT Mark To Market podcasts and rate us at: Channel: http://bt.sg/btmark2mkt Apple Podcasts: https://bt.sg/4DJp Spotify: https://bt.sg/4DJN Google Podcasts: http://bt.sg/4D2E Website: http://bt.sg/mark2mkt Feedback to: podcast@sph.com.sg Do note: All analyses, opinions, recommendations and other information in this podcast are for your general information only. You should not rely on them in making any decision. Please consult a fully qualified financial adviser or professional expert for independent advice and verification. To the fullest extent permitted by law, SPH Media shall not be liable for any loss arising from the use of or reliance on any analyses, opinions, recommendations and other information in this podcast. SPH Media accepts no responsibility or liability whatsoever that may result or arise from the products, services or information of any third parties.  --- Discover more BT podcast series: BT Money Hacks: http://bt.sg/btmoneyhacks WealthBT:https://bt.sg/btwealthbt PropertyBT:https://bt.sg/btpropertybt BT Podcasts: http://bt.sg/pcOM

Synopsis: Listen to Senior Correspondent Ben Paul's analysis and insight on market trends and corporate issues in Singapore in this podcast series based on his weekly column in The Business Times. Why is the Sembmarine-Keppel O&M merger happening now, after so many years of market speculation? What does it all mean for Sembmarine, and is its stock worth owning now? Ben Paul has the answers. Highlights: (click/tap above) 01:10 Announcement of merger terms triggered sell-off 03:35 Mystery of the S$500 million cash payment solved 06:18 Sembmarine shareholders will suffer NTA dilution 07:25 Merger is driven by priorities of parent companies 11:19 Determining the right moment to buy Sembmarine Produced by: Ben Paul (benpaul@sph.com.sg) and Howie Lim Edited by: Howie Lim Follow BT Mark To Market podcasts and rate us at: Channel: http://bt.sg/btmark2mkt Apple Podcasts: https://bt.sg/4DJp Spotify: https://bt.sg/4DJN Google Podcasts: http://bt.sg/4D2E Website: http://bt.sg/mark2mkt Feedback to: podcast@sph.com.sg Do note: All analyses, opinions, recommendations and other information in this podcast are for your general information only. You should not rely on them in making any decision. Please consult a fully qualified financial adviser or professional expert for independent advice and verification. To the fullest extent permitted by law, SPH Media shall not be liable for any loss arising from the use of or reliance on any analyses, opinions, recommendations and other information in this podcast. SPH Media accepts no responsibility or liability whatsoever that may result or arise from the products, services or information of any third parties.  --- Discover more BT podcast series: BT Money Hacks Podcast at: https://bt.sg/btmoneyhacks WealthBT Podcast at:http://bt.sg/btwealthbt PropertyBT at: https://bt.sg/btpropertybt BT Podcasts at: https://bt.sg/pcOM

Synopsis: Listen to Ben Paul's analysis and insight on market trends and corporate issues in Singapore in this podcast series based on his weekly column in The Business Times. How did the sponsor of Mapletree Commercial Trust and Mapletree North Asia Commercial Trust save their proposed merger? Senior Correspondent Ben Paul gives his take and offers investment views on the two Reits.  Highlights: (click/tap above) 04:10 How Mapletree Investments made a hated merger palatable 06:47 Why the MCT-MNACT combination is arguably not a merger 07:28 Other Reit sponsors may now face higher investor expectations 08:37 Why MNACT unitholders should hold on their units for now 10:15 Investors may view MCT more positively on sponsor’s support Produced by: Ben Paul (benpaul@sph.com.sg) and Howie Lim Edited by: Howie Lim Follow BT Mark To Market podcasts and rate us at: Channel: http://bt.sg/btmark2mkt Apple Podcasts: https://bt.sg/4DJp Spotify: https://bt.sg/4DJN Google Podcasts: http://bt.sg/4D2E Website: http://bt.sg/mark2mkt Feedback to: podcast@sph.com.sg Do note: All analyses, opinions, recommendations and other information in this podcast are for your general information only. You should not rely on them in making any decision. Please consult a fully qualified financial adviser or professional expert for independent advice and verification. To the fullest extent permitted by law, SPH Media shall not be liable for any loss arising from the use of or reliance on any analyses, opinions, recommendations and other information in this podcast. SPH Media accepts no responsibility or liability whatsoever that may result or arise from the products, services or information of any third parties.  --- Discover more BT podcast series: BT Money Hacks Podcast at: https://bt.sg/btmoneyhacks WealthBT Podcast at:http://bt.sg/btwealthbt PropertyBT at: https://bt.sg/btpropertybt BT Podcasts at: https://bt.sg/pcOM

Synopsis: Listen to Ben Paul's analysis and insight on market trends and corporate issues in Singapore in this podcast series based on his weekly column in The Business Times. In this 17th episode of the Mark To Market podcast, senior correspondent Ben Paul looks at how the Ukraine war is pulling the risk of shifting geopolitics sharply into focus for investors and corporate boards.  Highlights: (click/tap above) 01:18 Shifting geopolitics, like ESG, is powerful mobiliser of capital flows 03:12 Corporates pulling out of Russia, adding to pressure of sanctions 05:11 Sanctions reduce the opportunity cost for corporates to quit Russia 07:00 Governments must set rules; corporates and investors will follow 09:24 Companies should recognise geopolitical risks; and opportunities Produced by: Ben Paul (benpaul@sph.com.sg) and Howie Lim Edited by: Howie Lim Follow BT Mark To Market podcasts and rate us at: Channel: http://bt.sg/btmark2mkt Apple Podcasts: https://bt.sg/4DJp Spotify: https://bt.sg/4DJN Google Podcasts: http://bt.sg/4D2E SPH Awedio app: https://www.awedio.sg/ Website: http://bt.sg/mark2mkt Feedback to: podcast@sph.com.sg Do note: All analyses, opinions, recommendations and other information in this podcast are for your general information only. You should not rely on them in making any decision. Please consult a fully qualified financial adviser or professional expert for independent advice and verification. To the fullest extent permitted by law, SPH Media shall not be liable for any loss arising from the use of or reliance on any analyses, opinions, recommendations and other information in this podcast. SPH Media accepts no responsibility or liability whatsoever that may result or arise from the products, services or information of any third parties.  --- Discover more BT podcast series: BT Money Hacks Podcast at: https://bt.sg/btmoneyhacks WealthBT Podcast at:http://bt.sg/btwealthbt PropertyBT Podcast: https://bt.sg/btpropertybt BT Podcasts at: https://bt.sg/pcOM

Synopsis: Listen to Ben Paul's analysis and insight on market trends and corporate issues in Singapore in this podcast series based on his weekly column in The Business Times. In this 16th episode of the Mark To Market podcast, senior correspondent Ben Paul delves into why the latest real estate investment trust (Reit) mergers seem to be facing resistance, and responds to criticism of his column by the manager of Ara Logos Logistics Trust. Highlights (click/tap above) 01:30 Proxy advisers, activist investors objecting to latest Reit mergers 03:28 ALog’s manager hits back at a Mark To Market commentary 07:37 Fundamental problem with Reit mergers: Conflicted managers  09:25 Investor attitudes, market conventions and customs are changing 11:26 Reit managers, sponsors should get ahead of investor expectations Produced by: Ben Paul (benpaul@sph.com.sg) and Howie Lim Edited by: Howie Lim Follow BT Mark To Market podcasts and rate us at: Channel: http://bt.sg/btmark2mkt Apple Podcasts: https://bt.sg/4DJp Spotify: https://bt.sg/4DJN Google Podcasts: http://bt.sg/4D2E SPH Awedio app: https://www.awedio.sg/ Website: http://bt.sg/mark2mkt Feedback to: podcast@sph.com.sg Do note: All analyses, opinions, recommendations and other information in this podcast are for your general information only. You should not rely on them in making any decision. Please consult a fully qualified financial adviser or professional expert for independent advice and verification. To the fullest extent permitted by law, SPH Media shall not be liable for any loss arising from the use of or reliance on any analyses, opinions, recommendations and other information in this podcast. SPH Media accepts no responsibility or liability whatsoever that may result or arise from the products, services or information of any third parties.  --- Discover more BT podcast series: BT Money Hacks Podcast at: https://bt.sg/btmoneyhacks WealthBT Podcast at:http://bt.sg/btwealthbt BT Podcasts at: https://bt.sg/pcOM #BTPodcast

Synopsis: Listen to Ben Paul's analysis and insight on market trends and corporate issues in Singapore in this podcast series based on his weekly column in The Business Times. In this 15th episode of the Mark To Market podcast, senior correspondent Ben Paul talks about why investors should tread carefully during the first few months of 2022, and where Peter Lynch wannabes might find multibagger stocks in the Singapore market. Highlights: (click/tap above) 02:49 We won’t be safe from Covid-19 until the whole world is safe 04:22 Rising inflation, interest rates could spur market turbulence 06:36 Why Peter Lynch’s stock picking approach makes sense now 08:18 7 local stocks returned more than 1,000% over the past decade 11:12 Where to find multibagger stocks in the Singapore market Produced by: Ben Paul (benpaul@sph.com.sg), Ernest Luis and Howie Lim Edited by: Howie Lim and Hadyu Rahim Follow BT Mark To Market podcasts and rate us at: Channel: http://bt.sg/btmark2mkt Apple Podcasts: https://bt.sg/4DJp Spotify: https://bt.sg/4DJN Google Podcasts: http://bt.sg/4D2E SPH Awedio app: https://www.awedio.sg/ Website: http://bt.sg/mark2mkt Feedback to: podcast@sph.com.sg Do note: All analyses, opinions, recommendations and other information in this podcast are for your general information only. You should not rely on them in making any decision. Please consult a fully qualified financial adviser or professional expert for independent advice and verification. To the fullest extent permitted by law, SPH Media shall not be liable for any loss arising from the use of or reliance on any analyses, opinions, recommendations and other information in this podcast. SPH Media accepts no responsibility or liability whatsoever that may result or arise from the products, services or information of any third parties.  --- Discover more BT podcast series: BT Money Hacks Podcast at: https://bt.sg/btmoneyhacks WealthBT Podcast at:http://bt.sg/btwealthbt BT Podcasts at: https://bt.sg/pcOM

Synopsis: Listen to Ben Paul's analysis and insight on market trends and corporate issues in Singapore in this podcast series based on his weekly column in The Business Times. In this 14th episode of the Mark To Market podcast, BT's senior correspondent Ben Paul surveys placements that Singapore-listed Reits have done this year, and explains why investors should be wary of the discounts at which the new units are often priced. Highlights: (click/tap above) 01:51 How a US office Reit raised funds in the face of Omicron  06:06 Comparing and contrasting Reit placements this year 10:15 Dilutive impact on upside from acquisitions should be disclosed 11:54 Investors should weigh market appetite for potential placements Produced by: Ben Paul (benpaul@sph.com.sg), Ernest Luis and Howie Lim Edited by: Howie Lim and Hadyu Rahim Follow BT Mark To Market podcasts and rate us at: Channel: http://bt.sg/btmark2mkt Apple Podcasts: https://bt.sg/4DJp Spotify: https://bt.sg/4DJN Google Podcasts: http://bt.sg/4D2E SPH Awedio app: https://www.awedio.sg/ Website: http://bt.sg/mark2mkt Feedback to: podcast@sph.com.sg Do note: All analyses, opinions, recommendations and other information in this podcast are for your general information only. You should not rely on them in making any decision. Please consult a fully qualified financial adviser or professional expert for independent advice and verification. To the fullest extent permitted by law, SPH Media shall not be liable for any loss arising from the use of or reliance on any analyses, opinions, recommendations and other information in this podcast. SPH Media accepts no responsibility or liability whatsoever that may result or arise from the products, services or information of any third parties.  --- Discover more BT podcast series: BT Money Hacks Podcast at: https://bt.sg/btmoneyhacks WealthBT Podcast at:http://bt.sg/btwealthbt BT Podcasts at: https://bt.sg/pcOM

Synopsis: Listen to Ben Paul's analysis and insight on market trends and corporate issues in Singapore in this podcast series based on his weekly column in The Business Times. In this 13th episode of the Mark To Market podcast, BT's senior correspondent Ben Paul delves into the issue of why Reit mergers have drawn controversy; what’s driving these deals; and how investors can protect themselves. ESR-Reit - ARA Logos deal reignites Reit merger concerns (2:13) Post-merger performance belies claim that size matters (7:01) How minorities of target Reits in mergers are shortchanged (11:09) Market dynamics, shifting priorities the driver of mergers (13:30) How minorities can best protect their interests in Reit deals (16:02) Produced by: Ben Paul (benpaul@sph.com.sg), Ernest Luis and Howie Lim Edited by: Howie Lim and Hadyu Rahim Follow BT Mark To Market podcasts and rate us at: Channel: http://bt.sg/btmark2mkt Apple Podcasts: https://bt.sg/4DJp Spotify: https://bt.sg/4DJN Google Podcasts: http://bt.sg/4D2E SPH Awedio app: https://www.awedio.sg/ Website: http://bt.sg/mark2mkt Feedback to: podcast@sph.com.sg Do note: All analyses, opinions, recommendations and other information in this podcast are for your general information only. You should not rely on them in making any decision. Please consult a fully qualified financial adviser or professional expert for independent advice and verification. To the fullest extent permitted by law, SPH Media shall not be liable for any loss arising from the use of or reliance on any analyses, opinions, recommendations and other information in this podcast. SPH Media accepts no responsibility or liability whatsoever that may result or arise from the products, services or information of any third parties.  --- Discover more BT podcast series: BT Money Hacks Podcast at: https://bt.sg/btmoneyhacks WealthBT Podcast at:http://bt.sg/btwealthbt BT Podcasts at: https://bt.sg/pcOM

Synopsis: Listen to Ben Paul's analysis and insight on market trends and corporate issues in Singapore in this podcast series based on his weekly column in The Business Times. In this 12th episode of the Mark To Market podcast, BT's senior correspondent Ben Paul looks at how Straits Trading’s efforts to transform itself have sparked a more than 50 per cent rally in its stock price this year. Swapping low-return assets for scalable businesses (3:20) Real estate investments and ventures are paying off (5:00) Stock isn’t any more expensive after its big run (8:00) Shareholders’ club initiative reflects positive attitude (10:42) Produced by: Ben Paul (benpaul@sph.com.sg), Ernest Luis and Howie Lim Edited by: Howie Lim and Hadyu Rahim Follow BT Mark To Market podcasts and rate us at: Channel: http://bt.sg/btmark2mkt Apple Podcasts: https://bt.sg/4DJp Spotify: https://bt.sg/4DJN Google Podcasts: http://bt.sg/4D2E SPH Awedio app: https://www.awedio.sg/ Website: http://bt.sg/mark2mkt Feedback to: podcast@sph.com.sg Do note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser. --- Discover more BT podcast series: BT Money Hacks Podcast at: https://bt.sg/btmoneyhacks WealthBT Podcast at:http://bt.sg/btwealthbt BT Podcasts at: https://bt.sg/pcOM

Synopsis: Listen to Ben Paul's analysis and insight on market trends and corporate issues in Singapore in this podcast series based on his weekly column in The Business Times. In this 11th episode of the Mark To Market podcast, BT's senior correspondent Ben Paul examines the long term performance of the Singapore market, and offers three strategies to beat the Straits Times Index going forward.  STI is lagging; investors need to take an active approach (3:05) How local stock pickers could have earned a decent return (6:15) Reits have beaten the STI, some nearly matched the S&P 500 (9:45) Where to hunt for trading opportunities in the local market (11:45) Produced by: Ben Paul (benpaul@sph.com.sg), Howie Lim (howielim@sph.com.sg) and Ernest Luis Edited by: Howie Lim and Hadyu Rahim Follow BT Mark To Market podcasts and rate us at: Channel: http://bt.sg/btmark2mkt Apple Podcasts: https://bt.sg/4DJp Spotify: https://bt.sg/4DJN Google Podcasts: http://bt.sg/4D2E Website: http://bt.sg/mark2mkt Feedback to: podcast@sph.com.sg Do note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser. --- Discover more BT podcast series: BT Money Hacks Podcast at: https://bt.sg/btmoneyhacks WealthBT Podcast at: http://bt.sg/btwealthbt BT Podcasts at: https://bt.sg/pcOM

Synopsis: Listen to Ben Paul's analysis and insight on market trends and corporate issues in Singapore in this podcast series based on his weekly column in The Business Times. In this 10th episode of the Mark To Market podcast, BT's senior correspondent Ben Paul talks about CapitaLand's big restructuring exercise, which has made it the third best performing STI component stock so far this year.  CapitaLand's repeated reimagination of itself (1:58) Why the latest restructuring plan has spurred its stock (4:50) How CapitaLand stole City Developments' thunder (8:00) Should investors hold on to the stock after its big run? (9:30) Produced by: Ben Paul (benpaul@sph.com.sg), Ernest Luis and Howie Lim Edited by: Howie Lim and Hadyu Rahim Follow BT Mark To Market podcasts and rate us on: Channel: http://bt.sg/btmark2mkt Apple Podcasts: https://bt.sg/4DJp Spotify: https://bt.sg/4DJN Google Podcasts: http://bt.sg/4D2E Website: http://bt.sg/mark2mkt Feedback to: podcast@sph.com.sg Do note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser. --- Discover more BT podcast series: BT Money Hacks Podcast at: https://bt.sg/btmoneyhacks WealthBT Podcast at: http://bt.sg/btwealthbt BT Podcasts at: https://bt.sg/pcOM

Synopsis: Listen to Ben Paul's analysis and insight on market trends and corporate issues in Singapore in this new podcast series based on his weekly column in The Business Times. In this ninth episode of the Mark To Market podcast, BT's senior correspondent Ben Paul delves into Sembcorp Marine's proposals to raise a further S$1.5 billion through another deeply discounted rights issue and combine itself with Keppel O&M, which were followed by a steep slump in its share price. Recalling Sembcorp Marine's demerger from Sembcorp Industries (1:45) Breaking down the latest deeply discounted rights issue  (4:35) Why the prospect of a merger with Keppel O&M is now a concern (7:15) Buy? Sell? Hold? Much could depend in Sembcorp Marine's board (10:05) Produced by: Ben Paul, Ernest Luis and Lee Kim Siang Edited by: Adam Azlee and Hadyu Rahim Follow BT Mark To Market podcasts and rate us on: Channel: http://bt.sg/btmark2mkt Apple Podcasts: https://bt.sg/4DJp Spotify: https://bt.sg/4DJN Google Podcasts: http://bt.sg/4D2E Website: http://bt.sg/mark2mkt Feedback to: podcast@sph.com.sg Do note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser. --- Discover more BT podcast series: BT Money Hacks Podcast at: https://bt.sg/btmoneyhacks WealthBT Podcast at: http://bt.sg/btwealthbt BT Podcasts at: https://bt.sg/pcOM

BT Mark To Market Ep 8: Holding corporate boards to account 16:44 min Synopsis: Listen to Ben Paul's analysis and insight on market trends and corporate issues in Singapore in this podcast series based on his weekly column in The Business Times. In this eighth episode of the Mark To Market podcast, BT's senior correspondent Ben Paul talks to Shinbo Won, the Asia head of BlackRock Investment Stewardship covering Southeast Asia, Greater China and Korea. They discuss the following topics: The influence of institutional shareholders over corporate boards (2:45) Why BlackRock voted against the reappointment of directors at Top Glove (4:45) How minority votes make an impact even at tightly controlled companies (8.58)  Lowball privatisation offers in Singapore are a governance matter (12:32) Produced by: Ben Paul (benpaul@sph.com.sg), Ernest Luis, Lee Kim Siang and Adam Azlee Edited by: Adam Azlee Follow BT Mark To Market podcasts and rate us on: Channel: http://bt.sg/btmark2mkt Apple Podcasts: https://bt.sg/4DJp Spotify: https://bt.sg/4DJN Google Podcasts: http://bt.sg/4D2E Website: http://bt.sg/mark2mkt Feedback to: podcast@sph.com.sg Do note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser. --- Discover more BT podcast series: BT Money Hacks Podcast at: https://bt.sg/btmoneyhacks WealthBT Podcast at: http://bt.sg/btwealthbt BT Podcasts at: https://bt.sg/pcOM

BT Mark To Market Ep 7: How to invest like Warren Buffett 11:25 min Synopsis: Listen to Ben Paul's analysis and insight on market trends and corporate issues in Singapore in this new podcast series based on his weekly column in The Business Times. In this seventh episode of the Mark To Market podcast, BT's senior correspondent Ben Paul talks about the investing phenomenon that is Warren Buffett, and explains why his philosophy is more relevant than ever now. He tackles the following points: Defining the Warren Buffett style of value investing (2:25) Contrasting what excites investors with what excites Buffett (3:25) Buffett's focus on profitability and value has stood test of time (6:43) What Singapore corporate boards can learn from Buffett (9:39) Produced by: Ben Paul (benpaul@sph.com.sg), Ernest Luis, Lee Kim Siang and Adam Azlee Edited by: Adam Azlee Follow BT Mark To Market podcasts and rate us on: Channel: http://bt.sg/btmark2mkt Apple Podcasts: https://bt.sg/4DJp Spotify: https://bt.sg/4DJN Google Podcasts: http://bt.sg/4D2E Website: http://bt.sg/mark2mkt Feedback to: podcast@sph.com.sg Do note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser. --- Discover more BT podcast series: BT Money Hacks Podcast at: https://bt.sg/btmoneyhacks WealthBT Podcast at: http://bt.sg/btwealthbt BT Podcasts at: https://bt.sg/pcOM

BT Mark To Market Ep 6: How to ride the next phase of the bull market 12:11 min Synopsis: Listen to Ben Paul's analysis and insight on market trends and corporate issues in Singapore in this new podcast series based on his weekly column in The Business Times. In this sixth episode of the Mark To Market podcast, BT's senior correspondent Ben Paul delves into why so many Singapore stocks are still trading below their book values per share even after STI has almost fully recovered from the Covid-19 crash, and how to find winners among them. He tackles the following points: Controlling shareholders are taking their companies private cheaply (1:45) Why so many Singapore stocks are trading below their book values (4:32) How value unlocking has been a key catalyst for local stocks (6:20) What potentially exciting stocks do, besides merely unlocking value (7:55) Produced by: Ben Paul (benpaul@sph.com.sg), Ernest Luis, Lee Kim Siang and Fa'izah Sani Edited by: Adam Azlee Follow BT Mark To Market podcasts and rate us on: Channel: http://bt.sg/btmark2mkt Apple Podcasts: https://bt.sg/4DJp Spotify: https://bt.sg/4DJN Google Podcasts: http://bt.sg/4D2E Website: http://bt.sg/mark2mkt Feedback to: podcast@sph.com.sg Do note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser. --- Discover more BT podcast series: BT Money Hacks Podcast at: https://bt.sg/btmoneyhacks WealthBT Podcast at: http://bt.sg/btwealthbt BT Podcasts at: https://bt.sg/pcOM

BT Mark To Market Ep 5: How to invest in an overvalued market 8:34 min Listen to Ben Paul's analysis and insight on market trends and corporate issues in Singapore in this new podcast series based on his weekly column in The Business Times. In this fifth episode of the Mark To Market podcast, BT's senior correspondent Ben Paul talks about how to invest in the market at a time when Covid-19 beneficiaries like Top Glove face a looming earnings slump while recovery plays like Singapore Airlines are yet to deliver significant improvement in profitability.  Why the Straits Times Index began outpacing the S&P500 in Oct 2020 (1:40) SIA's rocketing share price belies continued cash-burn and hefty losses (2:55) Analysts unsure how to price Top Glove's sinking stock as earnings peak (4:12) Investors should be selective, and avoid being fully invested in the market (6:08) Produced by: Ben Paul (benpaul@sph.com.sg), Ernest Luis, Lee Kim Siang and Adam Azlee Edited by: Aleemah Basirah Follow BT Mark To Market podcasts and rate us on: Channel: http://bt.sg/btmark2mkt Apple Podcasts: https://bt.sg/4DJp Spotify: https://bt.sg/4DJN Google Podcasts: http://bt.sg/4D2E Website: http://bt.sg/mark2mkt Feedback to: podcast@sph.com.sg Do note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser. --- Discover more BT podcast series: BT Money Hacks Podcast on: https://bt.sg/btmoneyhacks WealthBT Podcast on: http://bt.sg/btwealthbt BT Podcasts on: http://bt.sg/podcasts

BT Mark To Market Ep 4: GameStop short squeeze and the power of retail investors 13:26 min Listen to Ben Paul's analysis and insight on market trends and corporate issues in Singapore in this podcast series based on his weekly column in The Business Times. In this fourth episode of the Mark To Market podcast, senior correspondent Ben Paul examines how the short squeeze of US-listed GameStop has focused attention on the return of retail investors as a force in the markets. How retail investors trade stocks; and the impact they've had on the markets (2:18) The popular narrative on the GameStop short squeeze; and why it probably isn't true (7:35) How retail investors, enabled by social media, are driving change in the markets (8:58) What investors should do as the markets become more speculative and volatile (11:10) Produced by: Ben Paul, Ernest Luis & Lee Kim Siang Edited by: Adam Azlee Follow BT Mark To Market podcasts and rate us on: Channel: http://bt.sg/btmark2mkt Apple Podcasts: https://bt.sg/4DJp Spotify: https://bt.sg/4DJN Google Podcasts: http://bt.sg/4D2E Website: http://bt.sg/mark2mkt Feedback to: podcast@sph.com.sg Do note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser. --- Discover more BT podcast series: BT Money Hacks Podcast at: https://bt.sg/btmoneyhacks WealthBT Podcast at: http://bt.sg/btwealthbt BT Podcasts at: https://bt.sg/pcOM

BT Mark To Market Ep 3: Opportunities and risks for stock investors in 2021 11:21 min Synopsis: Listen to Ben Paul's analysis and insight on market trends and corporate issues in Singapore, in this new podcast series based on his weekly column in The Business Times. In this third episode of the Mark To Market podcast, BT's senior correspondent Ben Paul provides his outlook for the markets in 2021, offers some perspective on why the STI has been outpacing the S&P500, and delves into recent developments at an STI stock that has been making headlines for all the wrong reasons. Why tech-oriented growth stocks led the recovery last year (2:40) Synchronous global recovery lifting stocks hammered by Covid-19 (3:52) Tolerating inflation for too long could be a policy risk (5:47) Beware STI stocks suffering structurally weak profitability (6:37) Board-level focus on unlocking value remains key, despite recovery tailwind (8:27) Produced by: Ben Paul, Ernest Luis & Lee Kim Siang Edited by: Adam Azlee Follow BT Mark To Market podcasts and rate us on: Channel: http://bt.sg/btmark2mkt Apple Podcasts: https://bt.sg/4DJp Spotify: https://bt.sg/4DJN Google Podcasts: http://bt.sg/4D2E Website: http://bt.sg/mark2mkt Feedback to: podcast@sph.com.sg Do note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser. --- Discover more BT podcast series: BT Money Hacks Podcast on: https://bt.sg/btmoneyhacks WealthBT Podcast on: http://bt.sg/btwealthbt BT Podcasts on: http://bt.sg/podcasts

BT Mark To Market Ep 2: Dividend-yielding stocks and Reits 12:14 min Synopsis: Listen to Ben Paul's analysis and insight on market trends and corporate issues in Singapore, in this new podcast series based on his weekly column in The Business Times. BT's senior correspondent Ben Paul talks about the topic of investing in dividend-yielding stocks and real estate investment trusts (Reits). He will explore why high dividend stocks are so popular in Singapore and offer his perspective on how to invest in Reits. Analysing the total return from Singapore stocks, and why Singapore investors love dividends (1:40) Why understanding what companies do with their retained earnings is key for dividend investors (3:45) Why Singtel is losing its status as a reliable dividend-paying stock? (5:07) Where should dividend-oriented investors look for opportunity in the market? (7:20) A simple perspective on how investors should approach investing in Reits (9:08) Produced by: Ben Paul, Ernest Luis & Lee Kim Siang Edited by: Adam Azlee Follow BT Mark To Market podcasts and rate us on: Channel: http://bt.sg/btmark2mkt Apple Podcasts: https://bt.sg/4DJp Spotify: https://bt.sg/4DJN Google Podcasts: http://bt.sg/4D2E Website: http://bt.sg/mark2mkt Feedback to: podcast@sph.com.sg Do note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser. --- Discover more BT podcast series: BT Money Hacks Podcast at: https://bt.sg/btmoneyhacks WealthBT Podcast at: http://bt.sg/btwealthbt BT Podcasts at: https://bt.sg/pcOM

BT Mark To Market Ep 1: Why investors shouldn't ignore the underperforming Singapore market in the Covid era 10:56 min Synopsis: Listen to Ben Paul's analysis and insight on market trends and corporate issues in Singapore, in this new podcast series based on his weekly column in The Business Times. BT's senior correspondent Ben Paul talks about what’s driving stock markets around the world in the wake of the Covid-19 crisis, and why investors shouldn’t ignore the Singapore stock market, even though its performance has been quite disappointing. Why have the S&P500 and the Nasdaq indices bounced so strongly since March? (1:02) We are not in an ordinary economic cycle, but things are improving regardless (2:08) Why was the Singapore market underperforming even before Covid-19 hit? (3:54) Singapore's leading companies are not broke, and have ample scope to unlock value (6:43) Delving into 3 companies: Sembcorp Industries, Keppel Corp and Wilmar International (7:00) Produced by: Ben Paul, Ernest Luis & Lee Kim Siang Edited by: Adam Azlee Follow BT Mark To Market podcasts and rate us on: Channel: http://bt.sg/btmark2mkt Apple Podcasts: https://bt.sg/4DJp Spotify: https://bt.sg/4DJN Google Podcasts: http://bt.sg/4D2E Website: http://bt.sg/mark2mkt Feedback to: podcast@sph.com.sg Do note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser. --- Discover more BT podcast series: BT Money Hacks Podcast at: https://bt.sg/btmoneyhacks WealthBT Podcast at: http://bt.sg/btwealthbt BT Podcasts at: https://bt.sg/pcOM