Investment banking fees generated in Singapore in 2024 grew 14% y-o-y to US$660.6 mil: LSEG

Douglas Toh01-09 08:56

The growth was fuelled by equity capital markets growing to US$108.7 million, a 42% increase, matched by a similar surge in debt capital markets fees, which also climbed 42% to US$106.4 million. A ...

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A ...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/singapore-economy/investment-banking-fees-generated-singapore-2024-grew-14-y-o-y-us6606-mil?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n","source":"edge_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Investment banking fees generated in Singapore in 2024 grew 14% y-o-y to US$660.6 mil: LSEG</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nInvestment banking fees generated in Singapore in 2024 grew 14% y-o-y to US$660.6 mil: LSEG\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-01-09 08:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.theedgesingapore.com/news/singapore-economy/investment-banking-fees-generated-singapore-2024-grew-14-y-o-y-us6606-mil?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS><strong>Douglas Toh</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The growth was fuelled by equity capital markets growing to US$108.7 million, a 42% increase, matched by a similar surge in debt capital markets fees, which also climbed 42% to US$106.4 million. A ...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/singapore-economy/investment-banking-fees-generated-singapore-2024-grew-14-y-o-y-us6606-mil?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4504","symbol_name":"桥水持仓","start_time":0,"source_url":"https://www.theedgesingapore.com/news/singapore-economy/investment-banking-fees-generated-singapore-2024-grew-14-y-o-y-us6606-mil?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","article_id":"2502225630","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2502225630","pubTimestamp":1736384177,"columns":[],"sourceInfo":{"source_id":"edge_highlight","name":"Edge"},"weMediaInfo":null,"summary":"The growth was fuelled by equity capital markets growing to US$108.7 million, a 42% increase, matched by a similar surge in debt capital markets fees, which also climbed 42% to US$106.4 million. ","collect":0,"end_time":0,"defaultTopTitle":"theedgesingapore.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4504":"桥水持仓","SG9999001135.SGD":"United ASEAN Fund SGD","LU0823397103.USD":"BNP PARIBAS SUSTAINABLE ASIA EX-JAPAN EQUITY \"C\" (USD) ACC","SG9999013486.USD":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (USD) INC A","LU0251143029.SGD":"Fidelity ASEAN A-SGD","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","IE00BGHQDM52.EUR":"GUINNESS ASIAN EQUITY INCOME \"C\" (EUR) ACC","SG9999014492.USD":"NIKKO AM ASEAN EQUITY \"A\" (USD) ACC","LU0210637038.USD":"HSBC GIF THAI EQUITY \"AD\" INC","LU1282649067.USD":"ALLIANZ ASIAN MULTI INCOME PLUS \"AMG\" (USD) INC A","BK4127":"投资银行业与经纪业","SG9999004220.SGD":"Nikko AM Shenton Asia Dividend Equity Fund  SGD","LU0823417737.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"C\" (USD) INC","LU0737861269.HKD":"FIDELITY ASEAN \"A \" (HKD) ACC","SGXZ24219693.SGD":"UNITED SG DYNAMIC INCOME FUND \"A\" (SGD) INC","IPO":"Renaissance IPO ETF","LU0158827948.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"A\" (USD) INC","LU0106261372.USD":"SCHRODER ISF US LARGE CAP \"A\" ACC","LU0831103253.SGD":"JPMorgan Funds - Asia Pacific Income A (mth) SGD","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU0532188223.SGD":"JPMorgan Funds - ASEAN Equity A (acc) SGD","LU1504937902.USD":"CT (LUX) I ASIAN EQUITY INCOME \"DUP\" (EUR) INC","LU0971096721.USD":"富达环球金融服务 A","LU2506951875.HKD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"CRH\" (HKDHDG) ACC","LU2028103732.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AMG\" (USD) INC","D05.SI":"星展集团控股","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","SGXZ58947870.SGD":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (SGDHDG) INC","LU2506951958.HKD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"CRH\" (HKDHDG) INC","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","LU0898667661.SGD":"JPMorgan Funds - Asia Pacific Income A (mth) SGD-H","SG9999004360.SGD":"Nikko AM Shenton Thrift Fund SGD","LU0205439572.USD":"富达亚太股息基金","SG9999016042.SGD":"Schroder Singapore Trust A Acc SGD","LU0192582467.USD":"SCHRODER ISF ASIAN EQUITY YIELD \"A\" (USD) INC MF","LU0577902538.SGD":"Fullerton Lux Funds - Asia Growth and Income Equities A Acc SGD","LU0672654166.SGD":"FTIF - Templeton Asian Growth A (acc) SGD-H1","LU1989772840.SGD":"CPR Invest - Climate Action A2 Acc SGD-H","ESG":"FlexShares STOXX US ESG Select Index Fund","LU1732800096.USD":"摩根大通环球收益基金A (irc)","LU1989772923.USD":"CPR Invest - Climate Action A2 Acc USD-H","LU1956131251.USD":"BNP PARIBAS SUSTAINABLE ASIA EX-JAPAN EQUITY \"C\"MD (USD) INC","LU0011963245.USD":"abrdn SICAV I ASIA PACIFIC SUSTAINAB  LE EQUITY \"A\" (USD) ACC","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","SG9999002562.SGD":"LionGlobal Asia Pacific SGD","SG9999002604.SGD":"LionGlobal Singapore/Malaysia SGD","SG9999011175.SGD":"Nikko AM Global Dividend Equity Dis SGD-H","LU0950375773.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"C\" (USD) INC A","LU0048597586.USD":"富达亚洲焦点A","BK4581":"高盛持仓"},"translate_title":"LSEG：2024年新加坡产生的投资银行费用同比增长14%至6.606亿美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ESG":1,"IPO":1,"D05.SI":0.64},"content_text":"The growth was fuelled by equity capital markets growing to US$108.7 million, a 42% increase, matched by a similar surge in debt capital markets fees, which also climbed 42% to US$106.4 million. A report by the London Stock Exchange Group (LSEG) titled ‘Singapore’s investment banking review’ for 2024 has painted a colourful picture for the nation’s investment banking sector.\nIn the year, fees surged to an estimated US$660.6 million ($823.1 million), an impressive 14% rise compared to the previous year. This growth was fuelled by a diverse array of activities. Equity capital markets contributed US$108.7 million, a 42% increase, matched by a similar surge in debt capital markets fees, which also climbed 42% to US$106.4 million. \nWhile advisory fees from completed merger and acquisitions (M&A) transactions dropped 27% y-o-y to US$163.1 million, syndicated lending conversely grew 40%, to a total of US$282.5 million. \nDBS Group emerged as the leader, claiming a 9.1% share of the fee pool with earnings of US$59.9 million.\nThe M&A renaissance\nIn 2024, Singapore-related M&A activity rebounded dramatically, reaching US$82 billion, a 41.1% leap in value compared to 2023. However, the number of deals declined by around 26.3%, reflecting a concentration of activity in higher-value transactions. Notably, 16 deals exceeded US$1 billion, collectively valued at US$35.1 billion, more than double the figure from the previous year.\nTargeted M&As within Singapore surged 58.2% y-o-y to US$27.8 billion, while domestic deals doubled to US$12.97 billion. Inbound M&A, representing foreign investments into Singapore, totaled US$14.9 billion, up 29.1%. Outbound M&A activity, however, fell to a seven-year low of US$26.7 billion, slipping 3.4%. \nThe real estate sector made up the lion’s share, accounting for 19.1% of activity by value, with deals rocketing 112.3% y-o-y to US$15.7 billion. The financial sector followed closely, capturing an 18.8% share at US$15.4 billion, while the materials sector, not unlike real estate, rose at 378.3% y-o-y to $8.9 billion. \nMorgan Stanley led the charge in M&A activity, claiming a 16.5% share of the market with US$13.6 billion in related deal value in 2024.\nEquity markets gain ground\nThe equity capital markets in Singapore also showed renewed interest, raising US$3.4 billion, a modest 6.5% y-o-y increase from 2023. Follow-on offerings by Singaporean companies accounted for the majority at US$2.7 billion, though this represented a slight decline of 2.4%. \nThe initial public offering (IPO) scene, however, proved livelier, with 17 new listings raising US$152.3 million, up 37.8% y-o-y. Most of these IPOs were launched overseas, particularly in the US, where 12 offerings accounted for US$109.8 million. On the domestic front, the Singapore Institute of Advanced Medicine’s (SIAM) $19.45 million catalist board IPO was the largest of the year.\nReal estate issuers dominated equity capital market proceeds, accounting for 60.9% of the total at US$2 billion, a 75% increase y-o-y. High technology issuers posted a 119.9% rise to US$570.8 million, while industrials captured a 10.9% share. \nIn 2024, JP Morgan took the lead in the Singapore-domiciled equity, equity-linked underwriting league table with US$536.9 million in related proceeds, capturing 16.0% of the market share.\nDebt markets roar back\nFinally, in debt capital markets, Singaporean issuers raised US$31.1 billion, a 48.9% surge from 2023. \nThe financial sector dominated, generating US$17.7 billion and capturing 56.8% of the market. Meanwhile, the government and agencies raised US$7.2 billion, a 72.2% jump y-o-y, while companies in the industrials sector saw a more modest 15.5% rise y-o-y to US$2.6 billion.\nEnvironmental, social and governance (ESG) related bonds gained significant traction, with 15 issues totaling US$6.2 billion, a 47.6% increase, marking the highest annual total since 2021. Notably, these green, social, and sustainability-linked bonds accounted for a fifth of all Singapore-issued bond proceeds. \nOnce again, DBS Group stood out, leading the bonds underwriting league table with US$4.5 billion in proceeds, securing a 14.5% market share.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.0","shortVersion":"4.30.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2502225630"}