BT Mark To Market

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?

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Now, we want to hear from you! Send us your questions, thoughts, story ideas, and feedback to [email protected]. We’ll look into it for future episodes.

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Written and hosted by: Ben Paul ([email protected])

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.

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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

See omnystudio.com/listener for privacy information.

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

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Now, we want to hear from you! Send us your questions, thoughts, story ideas, and feedback to [email protected]. We’ll look into it for future episodes.

---

Written and hosted by: Ben Paul ([email protected])

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.

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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

See omnystudio.com/listener for privacy information.

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 ([email protected])

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: [email protected]

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.

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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

See omnystudio.com/listener for privacy information.

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 ([email protected])

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: [email protected]

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

See omnystudio.com/listener for privacy information.

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 ([email protected])

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: [email protected]

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

See omnystudio.com/listener for privacy information.

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 ([email protected])

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: [email protected]

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

See omnystudio.com/listener for privacy information.

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 ([email protected])

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: [email protected]

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

See omnystudio.com/listener for privacy information.

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 ([email protected])

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: [email protected]

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

See omnystudio.com/listener for privacy information.

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 ([email protected])

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: [email protected]

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

See omnystudio.com/listener for privacy information.

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 ([email protected])

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: [email protected]

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

See omnystudio.com/listener for privacy information.