Terence Wong, Azure Capital
Terence Wong, Azure Capital
30 March 2023
Listen to his previous podcasts:
9 March 2023
Market View: Sabana Industrial Real Estate Investment Trust’s partial offer by Volare Group declared unconditional; Fitch Ratings downgraded Lippo Malls Indonesia Retail Trust to CCC; Japan’s economy narrowly avoided recession in 4Q; Clues from US Federal Reserve’s Beige Book; Jobs report expectations; Likelihood of 50bps Fed rate hike in March
Singapore shares opened on a positive note today after Wall Street equities ended mixed overnight.
The Straits Times Index gained 0.2 per cent in early trade to 3,231.92 points after 40.1 million securities changed hands.
In terms of companies to watch, we have Sabana Industrial Real Estate Investment Trust. That’s because a partial offer by Volare Group to acquire an additional 10 per cent of the Reit has been declared unconditional in all respects.
We’re also tracking Lippo Malls Indonesia Retail Trust after Fitch Ratings downgraded the trust’s long-term issuer default ratings from CCC+ to CCC.
On Market View, the Drive Time team unpacked the developments with Terence Wong, CEO, Azure Capital.
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16 February 2023
Market View: Singtel’s 27.6% yoy decline in net profits for 3Q ended December, SIA and Scoot’s 4-fold increase in passengers in January, Chip Eng Seng to be delisted, Marco Polo Marine’s profits jumps 153.8% for 1Q ended December, US forecast busting retail sales report
Singapore stocks rose today following gains in the US and Europe markets.
The Straits Times Index gained 0.4 per cent in early trade to 3,295.17 points after 36.9 million securities changed hands.
Some notable names seeing developments today include Singtel, which reported a 27.6 per cent on-year decline in net profit to S$532 million for the third quarter ended December 2022.
Singapore's national carrier Singapore Airlines also continued to make the headlines today, after being crowned as the ‘Airline of the Year’ for 2023. The airline, along with its budget arm Scoot, saw a four-fold increase in passengers in January compared to the previous year, despite a drop in passenger capacity.
On Market View, the Drive Time team deep dived into the key developments for the day with Terence Wong, CEO of Azure Capital.
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9 February 2023
Market View: SGX’s net profit up 30.1% Keppel Corp divests Willowville, Frasers Property’s pre-sold revenue at S$2.7 billion; Manulife US Reit’s DPU down 10.3%, potential BOK rate cuts
Singapore shares slipped when trading began today, tracking a sell-off on Wall Street amid fears that the US Federal Reserve would keep interest rates high longer than needed.
The Straits Times Index headed down 0.4 per cent to 3,373.51 points in early trade after 56.9 million securities changed hands.
Some notable names seeing developments today include the Singapore Exchange, which reported a 30.1 per cent increase in net profit for the first half of FY2023 today. But what does the performance mean for the exchange?
Another company to watch is Keppel Corp, which said yesterday that a unit of Keppel Land is selling its 100 per cent stake in its investment holding unit Willowville for US$5.5 million. How significant is this move though?
On Market View, the Drive Time team posed these questions to Terence Wong, CEO of Azure Capital.
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2 February 2023
Market View: Bank stocks’ performance after 25bps rate hike by the US Fed, Keppel Pacific Oak Reit’s DPU down 12.6%, Oxley’s first half net profit tumbles, Adani Enterprises calls off US$2.5B share sale
Singapore shares rose in early trade today, tracking a Wall Street rally as the Federal Reserve took interest rates higher by 25 basis points overnight.
But how have stocks, and in particular bank stocks, performed so far?
Meanwhile the property sector continues to make the headlines with a number of property firms announcing their distribution and top line figures.
In particular, property developer Oxley saw a sharp decline in net profit for its first half. It was down all the way to some S$277,000 from S$23.5 million in the corresponding period a year ago. So why is this the case?
On Market View, the Drive Time team posed these questions to Terence Wong, CEO of Azure Capital.
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6 January 2023
Market View: Is the Singapore stock market boring? Companies to watch, Comba Telecom System’s secondary listing on the SGX, Spike in Creative Technologies’ shares
The Singapore stock market is in focus today as we wrap up the first business week of 2023. Some market watchers may find the Singapore market a little boring with the benchmark Straits Times Index built on value stocks and bank stocks that are defensive in nature.
But against the backdrop of higher interest rates and market volatilities, the STI bucked regional trend to gain 4.1% for 2022. So how should we go about investing in the Singapore stock market and which companies should we be looking out for?
On Market View, Prime Time’s finance presenter Chua Tian Tian posed these questions to Terence Wong, CEO of Azure Capital.
They also discussed a variety of issues including:
- Standout performers for 2022 and companies to watch in 2023
- Expectations of reit performance for the new year
- Likelihood of more secondary listings in Singapore in 2023 after Comba Telecom System’s debut
- Spike in Creative Technologies shares
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14 November 2022
Money in the Market: Have we entered a bull market?
Stocks surged on US Inflation reading last week. Stocks soaring as if it were 2020. The S&P ended the week 5.9% higher, closing just below 4,000. The Dow Jones Industrial Average rose 4.1%, and the Nasdaq Composite jumped 8.1%. Asian equities also rallied last week. But does this signal an end to the bear market? On Money in the Market, Terence Wong, CEO of Azure Capital, joins us to tell us whether or not we are now in a bull market.
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29 September 2022
Money in the Market: A look back at September- Was it the worst? Or is the worst yet to come?
It’s been a bumpy and volatile ride with markets this month - the month of September, Which is historically known as the worst month for stock markets. Stocks, bonds, commodities, currencies, and futures have been moving violently from day to day. So was September the worst month of this year? On Money in the Market, Terence Wong, CEO of Azure Capital, joins us to give us a rundown of the volatility in global markets during the past month, but he says the worst may not be here yet.
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1 September 2022
Market View: A round up of US stock markets, the Twitter saga, oil prices, and stocks to watch in Singapore
US stocks have failed to wriggle their way out of an earlier market rout after Federal Reserve Chair Jerome Powell reiterated the central bank's resolve. Can we expect markets to bottom out over the next week? Will the US nonfarm payrolls report report out tomorrow make any difference to current market sentiments? In the meantime, what are the latest developments affecting oil prices and would we see a despite in global markets? And in company news - Elon Musk filed another notice to terminate the acquisition of Twitter. What is the Tesla's chief's true intentions really? Back home, which are the stocks that investors here in Singapore should be looking at? On Market View today, Prime Time's finance presenter Chua Tian Tian spoke with Terence Wong, CEO of Azure Capital to get you all the details you need to know this week.
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24 May 2022
Market View: Updates on recent market movements and the factors powering them
Inflation, stagflation, food shortages resulting in food protectionism and in spite of all this, the local property market is seeing positive momentum.
In Market View, Prime Time’s Bharati Jagdish spoke with Terence Wong, CEO, Azure Capital to find out more.
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11 May 2022
Market View: China’s inflation in April heats up, tightening monetary policy, US CPI & stocks to watch
On Market View, Prime Time's Bharati Jagdish spoke with Terence Wong, CEO of Azure Capital about market movements this week, the situation in China where inflation has increased more than expected and the risk of a recession.
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28 April 2022
Market View: The Busy End to April for Singapore's Markets
The last days of April were busy ones for Singapore's markets. Apart from Keppel Offshore & Marine and Sembcorp Marine announcing plans to merge, Yangzhijiang Shipbuilding spun off its financial unit, which then began trading on the SGX on April 28. Terence Wong, CEO of Azure Capital, joined us once again on Prime Time to talk about these 2 major events, and also what he's looking out for ahead of the 1Q earnings of Singapore's Big 3 banks.
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31 March 2022
Market View: March Madness Sends the STI Above 3400
Though the Straits Times Index suffered from a loss on the last day of March, it still held on to its recent breach of 3400 and decent gains for the first quarter. Terence Wong, CEO of Azure Capital, joined us again to recap the month that was for Singapore equities, and how he's balancing reopening hopes with the pervasive risks from higher inflation and the Russia-Ukraine conflict.
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27 January 2022
A look-back on markets for the first month of 2022
We’re coming to the end of the first month of 2022. The STI is currently up around 4 percent year to date and the first SPACs have listed here in Singapore. Plus, The MAS announced a surprise off-schedule currency move. To look back at market news from the month of January, Prime Time's Rachel Kelly speaks to Terence Wong, CEO of Azure Capital who shares his analysis.
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30 November 2021
The STI Falls Back Below 3100
The Straits Times Index lost 180 points in the last 3 trading days of November, sending the Straits Times Index plunging below the 3100 level, with concerns rising over the new COVID-19 Omicron variant. JP Ong spoke to Azure Capital's Founder and CEO Terence Wong about the month that was, and that terrible end to November for local stocks.
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28 October 2021
The STI's October Revival with Azure Capital's Terence Wong
From slipping below 3100 in worrisome fashion at the end of September -- the Straits Times Index rallied this month to test 3200 as reopening hopes and individual corporate actions trumped inflation concerns and rising COVID-19 infections in the country. Terence Wong, CEO of Azure Capital, joined us on Prime Time to recap the month that was for Singapore's markets, if inflation is something to really worry about, and if stocks can carry this positive momentum to the end of the year.
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28 September 2021
Market View: The Month of September for Singapore Markets
The Straits Times Index finally fell below that 3100 level, with risks coming from rising COVID-19 infections, uncertainties about China's economic slowdown, and the possibility of monetary policy tightening in the future. Azure Capital's CEO Terence Wong though doesn't think we should be too pessimistic over the recent turbulence. He spoke to us on Prime Time to discuss why he's keeping his chin up.
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31 August 2021
The Wobbly August for Singapore Stocks
The Straits Times Index closed out August with a monthly loss, and fell below 3100. Could this lead to more downside risks for stocks? And what of potential upsides from high vaccination rates and the gradual reopening of the country? Terence Wong, CEO of Azure Capital, joined us on Prime Time once more to recap the month that was, and share his thoughts on all these, and more.
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3 August 2021
Why It Matters: Keppel in $3.4b deal to take SPH private after media business is hived off
Terence Wong, CEO, Azure Capital shares what investors from both sides should bear in mind as they digest Keppel's bid for SPH's non-media assets, and what value the deal will unlock
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27 July 2021
Market View: The Month that Was for Singapore Stocks and Possible Hope for Aviation Plays
Less than a week after Singapore renewed Phase 2-HA social restrictions to contain the surge in COVID infections linked to the KTV cluster and the Jurong Fish Port -- officials set out a roadmap that could see activities and travel normalized for fully vaccinated individuals. Terence Wong, CEO of Azure Capital, joined us to talk about what this may mean for Singapore's battered aviation stocks. He also contrasted the different restructuring moves for Sembcorp Marine and Capitaland, along with what he's looking out for this earnings season.
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24 May 2021
Market View: Medtecs, Sheng Siong and other stocks to watch
Terence Wong, founder & CEO of Azure Capital shares his insights into market moves in May and what to look out for in the weeks ahead.
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6 May 2021
SPH to restructure media business into not-for-profit entity
On Prime Time, JP Ong speaks to Terence Wong, founder and CEO of Azure Capital about Singapore Press Holdings' move to transfer its media business to a not-for-profit company as part of a strategic review of its various businesses.
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27 April 2021
Market View: The STI's April Dance Around 3,200
After a strong start to the 1st quarter, the Straits Times Index spent most of April testing and dancing around the 3,200 level. What might it take for the benchmark to take it to the next level? And should investors start giving small and mid-cap stocks a closer look? Terence Wong, founder and CEO of Azure Capital, joined us on Prime Time to recap the month that was and what's in store for markets heading into May.
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29 March 2021
Market View: Recapping the STI's Excellent 1Q
As of Monday, the Straits Times Index is up by almost 12% since the start of the year, easily besting most equity markets in the world. Terence Wong, founder and CEO of Azure Capital, helped us recap the excellent first quarter for Singapore's equity markets, and also take stock of the current rotation within markets.
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26 January 2021
Market View: Talking Markets, Property, SPACs and Budgets with Azure Capital's Terence Wong
It's the end of January, and a lot to catch up on with Azure Capital's CEO Terence Wong on Prime Time. In this wide-ranging interview, we ask him about his outlook for the markets, the diverging trends between office rents and residential property prices, and if he thinks SPACs on the SGX will have more benefits than risks. He also shared with us what he's looking out for in Singapore's next budget.
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19 January 2021
Money and Me: Are Glove Manufacturers still on investor’s watchlist ?
Michelle Martin speaks to Terence Wong, CEO of Azure Capital to discuss his outlook for the year ahead, investment approaches this year, earnings season in the US, electric vehicles and ESG investment and sectors leading China's economic recovery.
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21 December 2020
Money and Me: Bitcoin's highs, Tesla on the S&P 500 and the lPO landscape in Singapore
Michelle Martin speaks to Terence Wong, CEO of Azure Capital to discuss Bitcoin's highs, Tesla joins the S&P 500, GHY Culture and Media lists on the mainboard, IPO buying for retail investors and sectors to watch out for
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30 November 2020
Market View: US elections, potential vaccines & the shelving of Ant Group's mega IPO
The markets have had no shortage of news to react to this November. From the US Presidential Elections, news of potential covid-19 vaccines to the shelving of the much anticipated mega IPO of Ant Group. In Market View, Rachel Kelly spoke to Terence Wong, CEO of Azure Capital to find out more.
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9 November 2020
Money and Me: The potential impact of a Biden presidency on Asian markets, the ongoing US-China trade war, fintech in China and ANT's suspended IPO, Q3 results for SGs banks, Robinson's exit, retail and S-REITS
Michelle Martin speaks to Terence Wong, CEO of Azure Capital to discuss the early impact on markets of the new president-elect Joe Biden on markets in Asia, the US-China trade war, the impact on China tech, the US dollar, the message for global investors of ANT's dashed IPO and fintech in China, DBS, UOB and OCBC's better than expected third quarter earnings, Robinson closing and sectors to watch.
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29 October 2020
Market View: What Now After Wednesday's Selloff?
Markets shuddered and sold off on Wednesday on COVID-19 related lockdowns in Europe and rising unease leading up to the US Elections, with volatility back on the rise. Terence Wong, CEO of Azure Capital, joined us again on Prime Time to talk about how they're preparing for rising volatility similar to the 2016 elections, why China's next 5 year plan will matter for markets, and if the Straits Times Index's recent fall below 2500 is a bad sign, or a buying opportunity.
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30 September 2020
Across the ASEAN with Azure Capital's Terence Wong
Terence Wong, CEO of Azure Capital, joined us on Across the ASEAN to recap the previous quarter for Southeast Asian markets, how cross-border risks might impact Singapore and if the dollar's recent strength might add to market woes.
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9 September 2020
Money and Me: Further declines to come? Tech's drop and what that means for other sectors, Starburst Holdings & Singapore banks
Michelle Martin speaks to Terence Wong, CEO of Azure Capital to discuss the third day of consecutive declines in US markets, AstraZeneca's pause in a late stage vaccine trial and the impact on economic growth, faltering demand for oil, Tesla's substantial drop, if Singapore banks are a good buy, Sembcorp Marine under-subscribed rights issue of shares, Warren Buffet's bet on Japan and top stock picks for small cap companies.
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12 August 2020
Money and Me: Breaking down Singapore's second quarter data, Temasek and Sembcorp Marine and Sembcorp Industries de-merging, what is next for Apple Daily and Next Digital
Michelle Martin speaks to Terence Wong, CEO of Azure Capital to discuss Singapore's second quarter GDP data, Temasek pulling out of their partial offer for Keppel Corp and the impact on the offshore and marine space, Sembcorp Industries de-merging, Apple Daily shares and stocks to watch in Singapore.
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30 July 2020
Recapping the Month of July with Azure Capital's Terence Wong
The Straits Times Index fell further below the 2600 mark in July on a combination of external and domestic pressures as Singapore officially entered a recession. Azure Capital's Terence Wong joined us on Prime Time to recap the month that was, while sharing his thoughts on the earnings of REITs, the spectacular surge of the glove makers, and the impending opening of green lanes for essential travel with Malaysia.
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12 June 2020
Money and Me: US stocks cut back gains, secondary listings in Hong Kong, HSBC Backlash and the Aviation Sector
Michelle Martin speaks to Terence Wong, CEO of Azure Capital to discuss the Dow plummeting today cutting back gains since March, HSBC under fire in the UK for backing China’s security law, the resumption of flights for SIA and some stocks to watch
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28 May 2020
The Month that Was for Singaporean Equities
Though The Straits Times Index is down more than 100 points since the start of May, markets have started to show signs of firming up as the country readies for the phase one of easing circuit breaker measures. Terence Wong, CEO of Azure Capital, joins us on Prime Time to discuss the month that was, and how rising US-China tensions along with renewed unrest in Hong Kong might ripple across the region. He also gives us his take on local property stocks moving forward.
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11 May 2020
Money and Me: Local Banks, SIA, Sheng Siong & Stocks to watch
We’ve all turned home chefs; which supermarket chain has reported 50% profit in Q1 of 2020 and how can an investor think through it's valuation? What do fundraising measures mean for SIA's shareholders? How can they think through the possibilities for action? Michelle Martin speaks to Terence Wong, CEO of Azure Capital to discuss these questions, the recent results of local banks, where the insurance industry is heading and- while we are all looking forward to haircuts this week- what infection waves mean for the economy.
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27 April 2020
What's Under the Hood of April's Market Gains
The economic outlook both here in Singapore and across the world still remains bleak, but equity markets are still on track to gain ground in the month of April. Terence Wong, CEO of Azure Capital, joined us on Prime Time, to talk about the seeming disconnect of markets being up while the global economy slows down, and whether earnings still matter moving forward.
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14 April 2020
Money and Me: Banking Stocks, S-REITS, SIA, Singtel and Manufacturing
Local shares slipped when trading began at the start of the week along with other Asian equities, as the COVID-19 outbreak continues to keep markets volatile. We welcome Terence Wong, CEO of Azure Capital to discuss his overview of the market his assessment of the banking stocks and the stocks to watch this week.
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31 March 2020
Recapping the Horrible 1st Quarter with Azure Capital's Terence Wong
The end of the first quarter couldn't come soon enough, with horrid losses dragging the Straits Times Index down 22% - -and many markets falling into bear territory due to the COVID-19 pandemic. Azure Capital CEO Terence Wong talks to us about how bad this downturn has been compared to other times, and whether we'll see any light at the end of the tunnel.
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6 January 2020
Market Outlook with Azure Capital's Terence Wong
Hopes were reasonably high for a better year ahead -- after the Straits Times Index locked in a meager 5% gain in 2019. But these early hopes were severely tested by the US' recent attack in Baghdad that killed a high-ranking Iranian general. Azure Capital's CEO Terence Wong joined us on Prime Time to discus the year that was, and how these developments affect his outlook for local and global markets.
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29 October 2019
Can the Straits Times Index Close Out 2019 in Solid Fashion?
The Straits Times Index has seen encouraging gains over October, and Azure Capital's CEO Terence Wong thinks that 3400 isn't impossible for local stocks. He joined us on Prime Time to talk about the STI's chances by year-end, the possibility of an interim trade deal, and what he prefers more: property developers or REITs?
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30 September 2019
Assessing September with Azure Capital's Terence Wong
The month of September started out with solid gains in the first half, followed by a slow and steady erosion in the last 2 weeks marked by tepid value turnover. Prior to the month's end, Azure Capital's CEO Terence Wong joined us on Prime Time to talk about why sentiment shifted for markets, and the fortunes of the REITs and offshore/marine industries might be in the last quarter of 2019.
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2 June 2019
The Bigger Picture: H2 Outlook and stock picks
Terence Wong, CEO of Azure Capital shares why he's bullish about Sing Holdings and HRNet as he looks to second half of 2019, amid ongoing global trade disputes, slower growth and falling interest rates.
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29 Apr 2019
Azure Capital's Terence Wong looks back at the Markets in April
The Straits Times Index may be testing 3400, and Malaysian markets may still be down year-to-date, but for Azure Capital's Terence Wong: a bottom-up approach in markets you're familiar with is still a reliable strategy. He looks back at the month that was for markets, especially for manufacturers and local REITs.
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28 Mar 2019
Azure Capital's Terence Wong On Q1 Markets & Why Management Matters
Markets may have been choppy for most of March, but Azure Capital's Terence Wong was able to weather the storm. He gives his assessment of how his fund fared in the 1st Quarter, what he's looking out for in the next 3 months, and why he thinks that management matters when picking a stock.
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26 Feb 2019
Azure Capital’s Terence Wong’s Take On Markets In 2019
Azure Capital CEO Terence Wong says that his funds are outperforming local markets so far in 2019. We asked him how he thinks local markets have fared in the first two months of the year – his thoughts on Thai Beverage and what sectors Azure Capital is taking an interest in.
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20 Dec 2018
Fed Rate Hike Analysis
The fed raised rates again yesterday by a quarter percent. What does this mean for the markets? Finance presenter, Ryan Huang, speaks with Terence Wong, CEO of Azure Capital to find out more.
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5 Oct 2018
Market Insight with Terence Wong
Malaysian exporters stand to gain from a US - China trade war, Azure Capital's Terence Wong tells Michael Switow.
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StarHub Cuts Workforce, Shares Rise
Investors cheer StarHub retrenchments, but is cost-cutting enough to make StarHub more competitive? Michael Switow and Azure Capital's Terence Wong discuss.
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3 Aug 2018
Market insight with Michael Switow
Terence Wong dissects UOB's quarterly results and shares his stock picks.
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16 Jul 2018
Market Insight: Singapore Stocks
Michael Switow checks in with Azure Capital's Terence Wong on his stock picks. #SingTel #CapitaLand
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4 Jul 2018
How To Pick A Stock
Terence Wong shares stock picking tips with Michael Switow & explains investor reaction to Najib's arrest.
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25 Feb 2018
Co. to Watch: Terence Wong (Azure Capital) on APAC Realty, Sing Holdings, Banyan Tree
On Companies to Watch (230218), Terence Wong, CEO of Azure Capital, chats with MONEY FM 89.3's Ryan Huang on why he's bullish on the property sector and the stocks he is holding in his fund as proxies.
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