Terms and Conditions

1. The SBP x HK SDR – Cashback Promotion (“Promotion”) is valid from 01 April 2026 (0000 hrs.) to 30 June 2026 (2359 hrs.) (“Promotion Period”), both dates inclusive.
2. How to sign up for the Share Builders Plan? Complete the following two steps: Submit an online application
   1. If you do not have a POEMS account, you can open one here.
   2. If you already have a POEMS account, follow these steps:
      POEMS Mobile 3 App
      1. Log in to your POEMS Account
      2. Go to Trade > RSP > Share Builders Plan > Apply
      
      POEMS Website
      1. Subscribe via this link
      
      Apply e-GIRO: 
   3. POEMS Mobile 3 App
      3. Log in to your POEMS Account
      4. Go to Trade > RSP > Share Builders Plan > Apply
   4. POEMS Website
      3. Log in to your POEMS Account 
      4. Acc Mgmt > Online Forms > Account Application>GIRO>Select SBP (Account no.) > Choose the Bank>Apply 
3. Payment

   Eligibility 
   Based on successful GIRO deduction (regardless of whether GIRO was set up via paper or eGIRO). 

    

   GIRO Submission  
   All new GIRO setups and GIRO updates must be done via eGIRO through POEMS during promotion period. 

4. Only SBP Online Applications and eGIRO submissions received within the Promotion Period will be eligible. Any applications received after the Promotion Period or submitted through channels not specified above will not be considered. Any correspondence on missing and/or delayed submissions shall not be entertained. 
5. Eligible Counters for the Promotion: 
   
   • Bank of CN HK SDR 1to1 
   • Alibaba HK SDR 5to1
   • BYD HK SDR 10to1
   • HSBC HK SDR 5to1
   • Tencent HK SDR 10to1 
   • MEITUAN HK SDR 5to1 
   • PING AN Insurance HK SDR 2to1 
   • XIAOMI HK SDR 2to1
   • JD HK SDR 10to1 
   • PETROCHINA HK SDR 1to2 
   • SMIC HK SDR 5to1 
   • CATL HK SDR 30to1 
   • Pop Mart HK SDR 20to1 
   • Laopu Gold HK SDR 50to1 
   • Trip.com HK SDR 50to1 
   • Baidu HK SDR 10to1 
   • China Mobile HK SDR 5to1 
   • Zijin Gold HK SDR 10to1 
6. Investment Amount Amendment
   1. During the Promotion Period, customers may increase or decrease their investment amount.
   2. Notwithstanding Clause 6.1, if a customer reduces their investment amount at any time during the two (2)-month GIRO subscription period, the customer will be disqualified from the Promotion and will not be eligible to receive any cashback under the Promotion (see Illustration A). 
      

      Month	Investment counter	Investment Amount S$	Cashback
      April 2026	Tencent HK SDR 10to1	S$600	S$10
      May 2026	Tencent HK SDR 10to1	S$200

      *This example should not be considered as financial advice. 

      
      Customers can decrease their investment amount, however, if the investment amount is reduced any time during the two-month GIRO subscription period, the customer will no longer qualify for the promotion.   
   3. The cashback amount (if eligible) will be calculated based on the customer’s investment amount in the first (1st) month of the GIRO subscription period only, regardless of any subsequent increase in the investment amount in the second (2nd) month (see Illustration B). 

      Month	Investment counter	Investment Amount S$	Cashback
      April 2026	Tencent HK SDR 10to1	S$620	S$10
      May 2026	Tencent HK SDR 10to1	S$600

      *This example should not be considered as financial advice. 

      Customers can increase their investment amount at any time; however, the cashback will be calculated based on the first month's investment amount only. For example, if you invest S$200 in the first month, then S$600 in the second month, your cashback will still be S$10. 
   4. For avoidance of doubt, where a customer invests S$200 in the first month and increases the investment amount to S$600 in the second month, the cashback will be calculated based on the S$200 in
7. The ‘Promotion’ will consist of: 
   
   • A Cashback that will be processed approximately 30 working days after completing the consecutive two-month subscription period with successful GIRO deduction.  
8. To be eligible for the Cashback during the promotion period (“Eligible Customers”): 
   1. Existing SBP Customers: 
      `
      • Customers already subscribed into any of the eligible HK SDR counters, will qualify for the Cashback when they invest at least S$200 in incremental fresh funds* in the eligible counters for two consecutive months with successful GIRO deduction, provided the investment amount is not reduced during this period.
      • Customers not yet subscribed to eligible HK SDR counters, will qualify for the Cashback after subscribing to at least S$200 per month in any of the eligible counters for two consecutive months with successful GIRO deduction, provided the investment amount is not reduced during this period.

        *Change of investment instructions between the HK SDR selected counters will not be considered as fresh funds; and will not qualify for the promotion.  

        Fresh Fund: Refer to the newly deposited investment amount into the SBP account during the promotion period. 

   2. New SBP Customers: 
      •   Customers who are new to SBP, will qualify for the Cashback after subscribing to at least S$200 per month in any of the eligible HK SDR counters for two consecutive months with successful GIRO deduction, provided the investment amount is not reduced during this period. 
9. Promotion Details 

   Period of Promotion	T&Cs		Cashback	Eligible Counters	Eligible Counters
   01 April 2026 – 30 June 2026	New to SBP S$200 Subscription into any of the HK SDR eligible counters for two consecutive months with successful GIRO deduction, provided the investment amount is not reduced during this period.	Existing SBP Customers S$200 of fresh funds* into the HK SDR eligible counters for two consecutives months with successful GIRO deduction, provided the investment amount is not reduced during this period.	Two consecutive months subscription	Get S$10 Cashback for 2 consecutive S$200 per monthly subscription into any of the eligible counters during the promotion period. Eligible customer is allowed a maximum Cashback of S$50 for each SBP account during the promotion period.	Bank of CN HK SDR 1to1 Alibaba HK SDR 5to1 BYD HK SDR 10to1 HSBC HK SDR 5to1 Tencent HK SDR 10to1 MEITUAN HK SDR 5to1 PING AN Insurance HK SDR 2to1 XIAOMI HK SDR 2to1 JD HK SDR 10to1 PETROCHINA HK SDR 1to2 SMIC HK SDR 5to1 CATL HK SDR  30to1 Pop Mart HK SDR 20to1 Laopu Gold HK SDR 50to1 Trip.com HK SDR 50to1 Baidu HK SDR 10to1 China Mobile HK SDR 5to1 Zijin Gold HK SDR 10to1

   *Change of investment instructions between the HK SDR selected counters will not be considered as fresh funds; and will not be eligible for the promotion. 
   Fresh Fund: Refers to newly deposited investment amounts into the SBP account during the promotion period. 
   Eligible Customer: Eligible for the promotion 
   • To participate in the Cashback promotion, customers must invest at least S$200 per month into any of the eligible counters for two consecutive months with successful GIRO deduction, as shown in the table above. 
   • Eligible customer is allowed a maximum Cashback of S$50 for each SBP account during the promotion period. 
   • Existing SBP customers must invest at least S$200 using incremental fresh funds* in any of the eligible counters for two consecutive months with GIRO linkage. 
   • New Customers must submit the SBP Online Form and apply eGIRO during the promotion period. 
   • The investment transaction must be successfully made before the 18th of each month or the next business day if the 18th falls on a non-business day during the promotion period. 
   • The Cashback will be credited into the eligible customers’ SBP ledger approximately 30 working days after completing the consecutive two-month subscription period. 
   • Failed GIRO deductions during the consecutive two month subscription period will result in disqualification from Cashback eligibility. 
   • If an eGIRO for a new account is rejected, resubmission is allowed, but approval must be completed within the Promotion Period. 
   • Existing customers who are eligible for the promotion and wish to update their GIRO linkage must apply via eGIRO. 
   • Existing customers who update their GIRO linkage and experienced a failed GIRO deduction or pending approval or using paper GIRO during the promotion period will not be eligible for the promotion. 
   • Please note that paper GIRO submission not available for the promotion. 
   1. For existing customers who are already subscribed to any eligible HK SDR counters, only fresh funds will be considered. 
      • Example: If Customer A has already subscribed S$200 before the promotion period and invests incremental fresh funds of S$200 during the promotion period, the calculated invested amount will be S$200 for the fresh fund only. 
   2. Each customer is eligible to use multiple POEMS accounts to apply for SBP and participate in the promotion. 
      • Example: Customer A has more than one POEMS account that has an existing SBP; he/she is allowed to use all the POEMS accounts with SBP subscription to participate. However, the minimum monthly investment requirement (S$200) applies to each POEMS account with SBP subscription separately and cannot be combined across accounts. It is essential to ensure that each account fulfills the terms and conditions of the promotion to qualify. We will only consider accounts that meet the specified terms and conditions. 
10. Cashback

    Month	Investment counter	Monthly Investment Amout	Investment Period	Cashback
    April 2026	Tencent HK SDR 10to1	S$200	Two consecutive months	S$10
    May 2026	Tencent HK SDR 10to1	S$200

    *This example should not be considered as financial advice. 

    Month	Investment counter	Monthly Investment Amout	Investment Period	Cashback
    April 2026	Tencent HK SDR 10to1	S$100	Two consecutive months	S$10
    	BYD HK SDR 10to1	S$100
    May 2026	Tencent HK SDR 10to1	S$100
    	BYD HK SDR 10to1	S$100

    Month	Investment counter	Monthly Investment Amout	Investment Period	Cashback
    April 2026	Tencent HK SDR 10to1	S$600	Two consecutive months	S$50
    	BYD HK SDR 10to1	S$600
    May 2026	Tencent HK SDR 10to1	S$600
    	BYD HK SDR 10to1	S$600

    *This example should not be considered as financial advice. 
    •  Please refer to examples 1,2,3,4 on the indicative Cashback amount. 
    • Eligible customer is allowed a maximum Cashback of S$50 per SBP account. 
    • The Cashback will be processed approximately 30 working days after completion of the consecutive two months subscription period.  
11. Cashback is non-transferable. The Cashback will be credited into the eligible customers’ SBP ledger approximately 30 working days after completing the consecutive two-month subscription period with GIRO. If the customer terminates their SBP account before the Cashback is credited, the customer will not be eligible for the promotion. Should the Cashback be unavailable for any reason whatsoever, PSPL reserves the right for final decision.  
    1. In the event that the Customer submits SBP Termination Form before the cashback is credited, PSPL reserves the right, at its sole discretion, to forfeit and/or cancel the cashback, and no cashback shall be payable.
    2. Customers are deemed to have read, understood, and accepted these Terms & Conditions. PSPL shall have no obligation to notify or remind Clients regarding cashback eligibility, status, or crediting upon receipt of the SBP Termination Form. 
12. Customers should read the Terms and Conditions before participating in the promotion. 
13. The first 100 SBP accounts that fulfill all terms and conditions will receive the Cashback. PSPL has the absolute discretion to exclude any otherwise eligible customer from participating. This promotion is on a first-come, first-served basis. The first 100 customers will be determined based on meeting all required criteria stated in the Terms & Conditions. If more than 100 customers fulfil the Terms & Conditions, only the first 100 qualifying accounts will be eligible for Cashback, and PSPL reserves the right to disqualify any subsequent qualifiers. 
14. Eligible customer will receive an email from rsp@phillip.com.sg approximately 30 working days after completing the consecutive two months subscription period (based on the last known contact information in PSPL’s records) regarding Cashback information. Eligible customers can check the Cashback transaction in their SBP monthly statement. PSPL reserves the right to replace any disqualified customer. PSPL has the absolute discretion to exclude any otherwise eligible customer from participating in the promotion. 
15. The following persons are not eligible for this promotion, unless approved by the management of PSPL: 
    1. PSPL institutional Customer(s) and corporate Customer(s) 
    2. PSPL account holders whose accounts have been suspended, cancelled or terminated 
    3. PSPL and its associated entities and subsidiaries (direct or indirect), e.g., Staff, Trading Representatives and Financial Adviser Representative 
16. PSPL reserves the right at any time in its absolute discretion to (i) amend, add to, and/or delete at any time these Terms & Conditions without prior notice (including eligibility and qualifying terms and criteria), and all customer shall be bound by such amendments, additions and/or deletions when effected, or to (ii) vary, withdraw, and/or cancel any items or the promotion itself without having to disclose a reason, and without any compensation or payment whatsoever. PSPL’s decision on all matters relating to the promotion is final and binding on all customers.
17. By participating in the Cashback promotion, customer agree and consent to allow PSPL to use their name, or likeness in all matters related to this Cashback promotion including any advertising or publicity without additional compensation or notification. 
18. By taking part in this promotion, you acknowledge that you have read, understood and consented to these Terms and Conditions. 
19. This promotion is subject to PSPL’s standard terms and conditions of business, where applicable, and PSPL reserves the right at its absolute discretion to determine Customer(s)’ entitlement for the promotion, to amend the terms and conditions of, and/or to suspend or terminate this promotion without prior notice or liability to any person. In the event of any dispute involving the interpretation of terms and conditions or any disagreement arising from this promotion, PSPL reserves the right to make the final decision. 

Disclaimer :

• This promotion is intended for general information only and does not have any regard to your specific investment objectives, financial situation and any of your particular needs. Investments are subject to investment risks including the possible loss of the principal amount invested. The value of the units in any fund and the income from them may fall as well as rise. Past performance figures as well as any projection or forecast used in this promotion are not necessarily indicative of future or likely performance of any fund. Any opinion or view herein is made on a general basis and is subject to change without notice. You may wish to obtain advice from a financial adviser before making a commitment to purchase any investment products mentioned herein. In the event that you choose not to obtain advice from a financial adviser, you should consider whether the investment product is suitable for you. SBP is a Regular Savings Plan and is not a deposit and not principal protected nor a capital guaranteed plan.
• Investments are subject to investment risks including the possible loss of the principal amount invested. The value of the shares and the income from them may fall as well as rise. Past performance is not necessarily indicative of future performance. Investments in Regular Savings Plan are designed to produce returns over the medium to long term and are not suitable for short-term speculation.
• Any opinion or view herein is made on a general basis and is subject to change without notice. 
• You may wish to obtain advice from a qualified financial adviser, pursuant to a separate engagement, before making a commitment to purchase any of the investment products mentioned herein. In the event that you choose not to obtain advice from a qualified financial adviser, you should assess and consider whether the investment product is suitable for you before proceeding to invest and we do not offer any advice in this regard unless mandated to do so by way of a separate engagement. 
• The information is correct as at the date of print and the company reserves the right to revise the charges. 
  
  
• This advertisement has not been reviewed by the Monetary Authority of Singapore. 

Subscribe to Hong Kong Singapore Depository Receipts (HK SDR) via the Share Builders Plan and receive Cashback

OPEN AN ACCOUNT NOW

Receive S$10 Cashback* for every S$200 fresh funds invested per month over two consecutive months in eligble HK SDR (capped at $50)

Monthly Investment Amount	Total for 2 months	Investment Period	Cashback*	Eligible Counters
S$200	S$400	2 consecutive months subscription	S$10	All selected HK SDR Counters (Please refer the counter list on below)
S$400	S$800		S$20
S$600	S$1200		S$30
S$800	S$1600		S$40
S$1000	S$2000		S$50

SUBSCRIBE NOW

 The promotion is limited to the first 100 SBP accounts.
Eligible customers who invest a minimum of S$200 per month in selected HK SDR via GIRO for two consecutive months will receive S$10 cashback*, credited to their Share Builders Plan (SBP) Ledger, subject to a maximum cashback cap of S$50. 

Sign up for the Share Builders Plan (SBP)

If you have yet to open a POEMS Account, open one here. 
If you are an existing POEMS Account holder, simply follow these instructions: 

via POEMS Mobile 3 app

Tap on the “Me” tab > eGIRO > Select SBP (Account no.) > Choose Bank > Apply

via POEMS Website

Subscribe via here

 

Set Up eGIRO for Recurring Investments

via POEMS Mobile 3 app

Tap on the “Me” tab > eGIRO > Select SBP (Account no.) > Choose Bank > Apply

via POEMS Website

Go to Acc Mgmt > Online Forms > Account Application > GIRO > Select SBP (Account no.) > Choose Bank > Apply

Payment

Eligibility

Based on successful GIRO deduction (regardless of whether GIRO was set up via paper or eGIRO). 

Submission

All new GIRO setups and GIRO updates must be done via eGIRO through POEMS during promotion period. 

Invest a minimum of S$200*per month in any of the eligible HK SDR for two consecutive months with successful GIRO deduction to qualify for the S$10 cashback* 

Existing SBP Customers

Customers who are already subscribed

to any of the HK SDR eligible counters will only qualify for the cashback when investing an additional S$200 or more in fresh funds* in these counters; for two consecutive months with successful GIRO deduction. 

Customers who are not yet subscribed

to any of the HK SDR will qualify for the cashback after subscribing to at least S$200 per month in any of the eligible counters; for two consecutive months with successful GIRO deduction. 

New SBP Customers

Customers who are new to SBP will qualify for the cashback after subscribing and investing at least S$200 per month into any of the HK SDR eligible counters; for two consecutive months with successful GIRO deduction. 

Customers who are new to SBP will qualify for the cashback after subscribing and investing at least S$200 per month into any of the HK SDR eligible counters; for two consecutive months with successful GIRO deduction. 

S/N	Counter Name	Counter Name on Website
1	Bank of CN HK SDR 1to1	Bank of CN HK SDR 1to1
2	Alibaba HK SDR 5to1	Alibaba HK SDR 5to1
3	BYD HK SDR 10 to 1	BYD HK SDR 10to1
4	HSBC HK SDR 5to1	HSBC HK SDR 5to1
5	Tencent HK SDR 10to1	Tencent HK SDR 10to1
6	MEITUAN HK SDR 5to1	Meituan HK SDR 5to1
7	PING AN Insurance HK SDR 2to1	Ping An Ins HK SDR 2to1
8	XIAOMI HK SDR 2to1	Xiaomi HK SDR 2to1
9	JD HK SDR 10to1	JD HK SDR 10to1
10	PETROCHINA HK SDR 1to2	PetroCN HK SDR 1to2
11	SMIC HK SDR 5to1	SMIC HK SDR 5to1
12	CATL HK SDR  30to1	CATL HK SDR 30to1
13	Pop Mart HK SDR 20to1	POP MART HK SDR 20to1
14	Laopu Gold HK SDR 50to1	Laopu Gld HK SDR 50to1
15	Trip.com HK SDR 50to1	Trip.com HK SDR 50to1
16	Baidu HK SDR 10to1	Baidu HK SDR 10to1
17	China Mobile HK SDR 5to1	CN Mobile HK SDR 5to1
18	Zijin Gold HK SDR 10to1	Zijin Gld HK SDR 10to1

* Counters not listed above will not be eligble for the promotion

How It Works?

1. Minimum investment

Eligible Customers must invest a minimum of S$200 fresh funds per month for two consecutive months with successful GIRO deduction into any of the eligible counters listed in the table above.

2. Transactions Date

The investment transaction must be made before the 18th day of each month (or the next business day if the 18th falls on a non-business day) during the promotion period.

3. Cashback

There is a Cashback cap of S$50 per account. 

4. Processing Time

The Cashback will be processed approximately 30 working days after completion of the consecutive two-month subscription period with successful GIRO deduction. .

GET STARTED

Month	Investment counter	Monthly Investment Amount	Investment Period	Cashback
April 2026	Tencent HK SDR 10to1	S$200	Two consecutive months	S$10
May 2026	Tencent HK SDR 10to1	S$200

*This example should not be considered as financial advice.

Month	Investment counter	Monthly Investment Amount	Investment Period	Cashback
April 2026	Tencent HK SDR 10to1	S$1200	Two consecutive months	S$50
May 2026	Tencent HK SDR 10to1	S$1200

*This example should not be considered as financial advice.
Note: There is a Cashback cap of S$50 per account.

Month	Investment counter	Monthly Investment Amount	Investment Period	Cashback
April 2026	Tencent HK SDR 10to1	S$100	Two consecutive months	S$10
	BYD HK SDR 10to1	S$100
May 2026	Tencent HK SDR 10to1	S$100
	BYD HK SDR 10to1	S$100

*This example should not be considered as financial advice. 

Month	Investment counter	Monthly Investment Amount	Investment Period	Cashback
April 2026	Tencent HK SDR 10to1	S$600	Two consecutive months	S$50
	BYD HK SDR 10to1	S$600
May 2026	Tencent HK SDR 10to1	S$600
	BYD HK SDR 10to1	S$600

*This example should not be considered as financial advice. 

Period of Promotion	T&Cs		Cashback	Eligible Counters	Eligible Counters
01 April 2026 – 30 June 2026	New to SBP S$200 Subscription into any of the HK SDR eligible counters for two consecutive months with successful GIRO deduction, provided the investment amount is not reduced during this period.	Existing SBP Customers S$200 of fresh funds* into the HK SDR eligible counters for two consecutives months with successful GIRO deduction, provided the investment amount is not reduced during this period.	Two consecutive months subscription	Get S$10 Cashback for 2 consecutive S$200 per monthly subscription into any of the eligible counters during the promotion period. Eligible customer is allowed a maximum Cashback of S$50 for each SBP account during the promotion period.	Bank of CN HK SDR 1to1 Alibaba HK SDR 5to1 BYD HK SDR 10to1 HSBC HK SDR 5to1 Tencent HK SDR 10to1 MEITUAN HK SDR 5to1 PING AN Insurance HK SDR 2to1 XIAOMI HK SDR 2to1 JD HK SDR 10to1 PETROCHINA HK SDR 1to2 SMIC HK SDR 5to1 CATL HK SDR  30to1 Pop Mart HK SDR 20to1 Laopu Gold HK SDR 50to1 Trip.com HK SDR 50to1 Baidu HK SDR 10to1 China Mobile HK SDR 5to1 Zijin Gold HK SDR 10to1

*Change of investment instructions between the HK SDR selected counters will not be considered as fresh funds; and will not be eligible for the promotion.

Fresh Fund: Refers to newly deposited investment amounts into the SBP account during the promotion period.
Eligible Customer: Eligible for the promotion

Terms and conditions

VIEW T&Cs

FAQ

VIEW FAQs

OPEN ACCOUNT OPEN ACCOUNT

Campaign Period: 13 Apr 2026 to 30 Jun 2026

Get Started in 3 Simple Steps

Step 1

Sign in via the POEMS Mobile 3 App, or Open an Account if you’re new.

Step 2

Redeem your DLC/SW Coupon via the POEMS Mobile 3 App Rewards section to receive S$20 in Cash Credit.*

*T&Cs Apply.

Scan the QR code to redeem your S$20 Gold Coupon.

Step 3

Start trading SGX-listed Daily Leverage Certificates and Structured Warrants to compete for a spot among the top 3 traders by total traded value.

Why Trade DLCs and Structured Warrants?

Maximise Your Market Exposure

Gain leveraged exposure to market movements

Trade with Flexibility

Trade rising or falling markets with flexibility

Start with Lower Capital

Start with lower initial investment compared to buying the underlying shares

Capture Short-Term Opportunities

Take advantage of short-term opportunities in global markets

Trade with No Minimum Commission Fee

Trade DLCs and Structured Warrants, keep costs low, and capture every market opportunity.

Example 1: Customer invests S$3,000 in a DLC that has a price of $1.00 per share.

	Cash Management Account		Cash Plus Account
	Before 02/03/2026*	Now
SGX-listed DLC traded price	S$1.00	S$1.00	S$1.00
Quantity Purchased	3,000 units	3,000 units	3,000 units
Gross Amount	S$3,000	S$3,000	S$3,000
Commission	S$25 (Fees calculated at 0.28% or minimum S$25, for Cash Management Account with contract value below S$50,000)	S$8.40 (0.28% x $3,000) (Fees calculated at 0.28%, for Cash Management Account with contract value below S$50,000)	S$2.40 (0.08% x $3,000) (Fees calculated at 0.08%, for Cash Plus Account: Starter tier)
Commission Saved		S$16.60

Example 2: A customer invests S$300 in a Structured Warrant priced at S$0.10 per share.

	Cash Management Account		Cash Plus Account
	Before 02/03/2026*	Now
SGX-listed Structured Warrants traded price	S$0.10	S$0.10	S$0.10
Quantity Purchased	3,000 units	3,000 units	3,000 units
Gross Amount	S$300	S$300	S$300
Commission	S$25 (Fees calculated at 0.28% or minimum S$25, for Cash Management Account with contract value below S$50,000)	S$0.84 (0.28% x S$300) (Fees calculated at 0.28%, for Cash Management Account with contract value below S$50,000)	S$0.24 (0.08% x $300) (Fees calculated at 0.08%, for Cash Plus Account: Starter tier)
Commission Saved		S$24.16

*Online commission shown does not include any promotional discounts.

Note: The above examples do not include Exchange Fee and GST.

For pricing of other account types, please refer here.

Frequently Asked Questions

Am I required to register first before I participate in this promotion?

No, registration is not required. Your Account will be automatically tracked when you execute eligible trades during the campaign period.

When will I be notified if I am one of the top 3 traders for this promotion and how do I redeem the Gold bar?

If you are among the top 3 traders for the promotion, you will be notified via email or phone within ONE month after the end of the promotion period.

Redemption details will be provided in the notification. Please ensure that your contact details with POEMS are up to date to avoid any delays.

I am a Cash Trading Account holder. Am I eligible for this promotion?

No, Cash Trading Account holders are not eligible for this promotion. You may consider opening an eligible Account type or converting your Cash Trading Account to a Cash Management Account.

How to redeem the S$20 Gold Coupon on POEMS Mobile 3 App?

To redeem the S$20 Gold Coupon, please kindly follow these few steps:

1. Download POEMS Mobile 3 App on App Store/Google Play Store.
2. Login with your POEMS Account number and password and head over to Me Tab > Rewards. 
3. Select S$20 DLC/SW Coupon under the Rewards shop and redeem it with 1 POEMS Coin.
4. Once redeemed, execute the eligible trade before the expiry date. 
5. Once you have executed an eligible trade, the S$20 Cash Credit will be credited to your Account within one (1) month after the campaign end date of 30 June 2026.

Terms & Conditions

T&Cs

1. This promotion is valid from 13 April 2026 to 30 June 2026, and is open to new and existing Customers of Phillip
   Securities Pte Ltd (“PSPL”).
2. Promotion Details:
   • Top 3 Traders Promotion:
     • 1 X ½ oz 999.9 Gold Bar* 
     • 1 X 5 gm 999.9 Gold Bar*
     • 1 x 1 gm 999.9 Gold Bar*
     • Eligibility:
       • Be the top 3 trader by total traded value in SGX-listed Daily Leverage Certificates (DLCs) and/or Structured Warrant during promotion period.
       • Only BUY trades are applicable.
       • Only Online trades are applicable.
     • *All gold bars are subject to availability and may be substituted with gold coins of equivalent weight and value.
     • Notification:
       • You will be notified via email or phone within one month after the end of the promotion period.
   • S$20 DLC/SW Coupon:
     • Eligibility Criteria:
       • BUY trades only
       • SGX listed DLC/SW trades only
       • Cash trades only
       • Online trades only
       • Minimum contract value of at least S$3000 
     • This Coupon, exchangeable with one POEMS coin, can be redeemed for a S$20 Cash Credit upon completion of a successful eligible trade.
     • The availability of this Coupon listed on the POEMS Mobile 3 Reward Shop will be on a first come first serve basis.
     • Each Customer is only eligible to exchange one S$20 DLC/SW Coupon using one POEMS coin during the Promotion period.
     • The one POEMS Coin used to exchange for this Coupon will not be refunded once the Coupon is exchanged.
     • This Coupon is valid for one-time use only and is non-refundable, non-transferable, and cannot be exchanged for
       cash.
     • This Coupon will expire on 30 Jun 2026, 6 P.M. GMT+8. You are required to redeem the Coupon and execute the eligible trade within the Coupon validity period.
     • This Coupon will be automatically applied to the first successful eligible trade executed, after the Coupon redemption and before its expiry.
     • The S$20 rebate will be credited to the eligible Account within the month of July 2026 after redeeming the coupon and completing the successful eligible trade.
     • If the Coupon is not redeemed and/or a successful eligible trade is not executed within the validity period, the Coupon will be forfeited, and no rebate will be issued.
     • If there are multiple Stock Coupons active, the one which has a nearer expiration date will be used up first by default. If the Coupons have the same expiry date, the Coupon that was activated first by the Customer will be used by default.
     • If the Customer holds multiple trading Accounts, the Account that performs the first successful eligible trade
       will receive the S$20 rebate, regardless of which Account the Coupon was activated in. For example: Customer has
       Account A and Account B. Customer activates the Coupon in Account A, but later performs a successful eligible
       trade using Account B. In this case, Account B will be awarded the S$20 rebate.
3. Phillip Securities Pte Ltd (“PSPL”) reserves the right at any time in its absolute discretion to (i) amend, add to,
   and/or delete at any time of these Terms & Conditions without prior notice (including eligibility and qualifying
   terms and criteria), and all Customers shall be bound by such amendments, additions and/or deletions when effected, or
   to (ii) vary, withdraw, and/or cancel any items or the promotion itself without having to disclose a reason, and
   without any compensation or payment whatsoever. PSPL’s decisions on all matters relating to the promotion are final
   and binding on all Customers.
4. PSPL and its affiliates and their respective employees and agents shall not be liable to any person for any loss,
   damage, injury, costs or expenses incurred, suffered, borne or arising from this promotion.
5. By redeeming this item, you acknowledge that you have read and consented to these Terms and Conditions.
6. Days refer to calendar days.
7. The following Customers are NOT eligible for this promotion unless approved by the management of PSPL:
   • Closed Account with PSPL during the promotion period
   • Cash Account(s)
   • PSPL institutional Customers and corporate Customers
8. This advertisement has not been reviewed by the Monetary Authority of Singapore.
9. By taking part in the promotion, you agree and consent to PSPL sending relevant information to third-party service providers to facilitate the delivery and redemption of the Rewards.
10.  In the event of a dispute over the Customer’s eligibility to participate in this promotion, PSPL’s decision will be final.
11. Notwithstanding anything herein contained, PSPL reserves the right at any time in its absolute discretion to (i) amend, add to, and/or delete these Terms and Conditions without prior notification (including eligibility; replacement of the prize; promotional mechanics, promotion duration without prior notification, qualifying terms and criteria), and all participants shall be bound by such amendments, additions and/or deletions when effected, or (ii) vary, withdraw, or cancel any items or the promotion without having to disclose a reason thereof and without any compensation or payment whatsoever. PSPL’s decision on all matters relating to the promotion shall be final and binding on all participants.

🌸 🌸 🌸 🌸 🌸 ⛵ 🥟 🚃 🏙️ 🀄 🍵 🏮 🐼 🥟 🎆 🐉

Hong Kong IPO Gateway

⛵ 🌸 🏮 IPO 囍

Hong Kong is one of Asia's largest fundraising hubs, with over 2,600 listed companies and a strong pipeline of new listings each year.

The HKEx Main Board and GEM Board attract diverse issuers, from China's new-economy firms to international consumer and biotech names.

IPOs are typically priced in HK dollars and allocated through a ballot-based system; oversubscription is common for high-profile listings.

Retail investors can participate via public tranche applications, with allotment results announced before the first trading day.

Factors that drive subscription demand include company fundamentals, sector sentiment, liquidity, and overall market tone.

Hong Kong IPO Market Snapshot

~HK$46B Total Funds Raised 73 New Listings (Main Board & GEM) > 60× Avg. Retail Oversubscription (Top 10) Top Sectors Consumer, Tech, Healthcare

Hong Kong continues to serve as a major gateway for Chinese and Asia-Pacific issuers seeking global capital. Each year, the Exchange hosts dozens of new listings spanning technology, consumer, healthcare, and industrial sectors.

When a company lists, shares are offered through two tranches: a public offering for retail investors and an international placement for institutions. The retail portion is usually small (around 10% of the total offering) and is subject to scaling if demand is high.

Investors applying through the public tranche typically do so in board lots and may receive partial or zero allotment depending on the final subscription ratio. All applications and refunds are made in HK dollars.

This section aims to help investors understand the process and key considerations when participating in Hong Kong IPOs via licensed brokers. It does not constitute an offer to buy or sell any securities.

How do I subscribe?

You may subscribe to HK IPOs from your POEMS account via the POEMS 2 Web portal.

Login to POEMS Web → Acct Mgmt → Stocks → Online Forms → Account Application → IPO Subscription - Online Irrevocable Form

For manual processing of subscription forms, please contact your Trading Representative.

Eligibility Criteria

For subscription to Hong Kong IPOs, the eligibility criteria are as follows:

• Minimum of S$200,000 subscription (or its equivalent of HKD).
• Accredited Investors (AIs) are allowed subscription values of less than S$200,000.
• Account must be prefunded with the minimum subscription amount or higher, or have the equivalent in free cash balance.
• Prefunding deposit must be in cash, no collaterals in the form of stocks or other products may be used.
• Please refer to the application forms for cut off date and time.

Subscription Fees

• HK$100 subscription fee
• 1.0085% foreign fees on allotted value
• 9% GST on all applicable fees

IPO Calendar

Looking ahead? Explore the upcoming HK IPO calendar.

Check out our Hong Kong Pre-IPO trading here as well!

Fees Calculator

HK IPO Subscription Calculator

Estimate deposit and fees for Share Financing or Full Payment (no interest).

Step 1: Enter your application details (shares, offer price, and FX). Quantity (Shares) Applied Offer price (HK$ per share) FX rate (HKD per S$) Apply in HK$ S$ Financing ratio 80% (fixed) WARNING: Application amount might not be more than S$200k, please check your prevailing SGDHKD rates, ignore if >S$200k. Advanced parameters Locked Subscription fee (HK$) Foreign fees (% of base) GST on foreign fees (%)

Values are preset by POEMS and cannot be changed on this page.

Step 2: Enter your assumed/actual allotment to see settlement. Assumed/Actual allotment (shares)

Step 3: Choose your subscription method to view deposit. Subscription method Full Payment (No Financing) Share Financing (AIs Only)

Share Financing deposit = 20% × (Application + foreign fees on application + GST on those fees) + Subscription fee. At settlement, foreign fees & GST are charged on the allotted value (shares × offer price). Figures are estimates; actual charges and allocations may differ. The results from this calculator will not be considered grounds for dispute.

Frequently Asked Questions

What are the risks of HK IPO subscription?

There is a possibility of zero or very minimal allotment as popular HK IPOs are usually heavily oversubscribed.

What happens if I am not allotted any shares in the IPO I subscribed for?

In the case of zero or partial allotment, the unused funds will be refunded to your trading account after deducting applicable fees.

When will I be notified of my subscription results?

The results will be available via the Online Subscriptions Form page on POEMS Web.

How do I participate in HK IPO Subscription?

You will be required to complete an irrevocable form to subscribe to HK IPO.

You may access the irrevocable forms via POEMS Web under Acct Mgmt –> Stocks –> Online Forms –> HK IPO Subscription – Online Irrevocable Form

Pre-funding your account is also required.

What is the minimum amount for HK IPO subscription?

For Non-AI clients, the minimum amount for subscription is SGD $200,000 or its equivalent in another currency.

This minimum amount will be locked for the subscription period. 

Which currencies can the subscription be made in?

You may apply for the HK IPO in SGD and HKD, but the payment on final allotted shares can only be in HKD.

Am I able to apply through iBanking/ATM?

No, HK IPO subscriptions are not supported via iBanking or ATM.

When is the last day to apply for HK IPO?

The last date and time will be shown on the application forms online.

Can I modify my application after submission?

Applicants are solely responsible for the accuracy and completeness of their application and deposit prior to submission. Once lodged, amendments are not supported.

Withdrawals of applications must be done before the cut-off time as shown on the application forms. Any withdrawal request after which will not be processed.

Can I sell my allotted shares during HK Pre-IPO?

Yes, shares allotted during HK IPO subscription are tradeable during the HK Pre-IPO available on POEMS.

Can I apply for more than one HK IPO at a time?

Yes, however, you must ensure that only a single application is lodged for any given IPO counter. Applications for separate IPO counters may be submitted simultaneously. Submitting multiple applications for the same IPO counter will result in the rejection of all applications for that counter.

Accredited Investors can now subscribe to HK IPO with Share Financing

With POEMS Share Financing for HK IPOs, Accredited Investors (AIs) have the option to apply for new listings with a financing arrangement that reduces the initial cash outlay required at subscription. This arrangement allows participation in IPOs without committing the full amount upfront.

The share financing application will only require 20% co-payment, with the 80% financing being interest-free.

AIs who prefer not to use the financing arrangement may also subscribe to HK IPOs through full payment.

For further details on the process and eligibility, please contact your designated Trading Representative or your Dealing team

Who is eligible for HK IPO Financing?

Accredited Investors (AI) with Margin, Cash Plus or Cash Management account can apply for IPO Financing.

Joint account and Cash Account types are not eligible for share financing.

What is the maximum financing quantum for HK IPO?

A fixed rate of 80% financing is available on the total subscription amount. However, share financing is only available to Accredited Investors (AI).

Do I have to pay the principal loan and interests immediately upon successful IPO allotment?

The 80% share financing during the application is interest free, however, if your allotted value exceeds that of the initial co-payment amount, there will be a 7% p.a. interest chargeable on the difference. 

The allotted amount and applicable fees will be debited from your account. If your account has insufficient funds, debit interest will accrue and you are required to fulfil any margin shortfall within the stipulated timeframe.

How do I participate in IPO Financing?

Accredited Investors can submit the duly completed IPO Financing Application form and fund your account with the 20% co-payment before the submission deadline.

Disclaimer

This material does not constitute a recommendation, an offer, invitation to offer or solicitation to buy or sell any investment products mentioned. It does not have any regard to your specific investment objectives, financial situation or any of your particular needs. Accordingly, no warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of your acting based on this information.

To the extent that this material constitutes an offer or invitation to a relevant person or a person specified under section 275(1A) of the SFA, the material herein is provided as information only and not as an advertisement under section 275 of the SFA.

Terms and Conditions - HK IPO application

1. These terms shall form an integral part of and shall be read together with the Conditions Governing Phillip Securities Accounts. The Customer represents and warrants that he/she meets the eligibility criteria and other requirements set out in the relevant IPO Offering Documents and is not disqualified from making the HK IPO application under any law or regulation.
2. All applications are denominated in HK$. Minimum subscription amount is S$200,000 (or HK$ equivalent) for full payment subscriptions.
3. Minimum subscription amount is not applicable for eligible Accredited Investors. 
4. IPO allotment results are determined by the issuer. PSPL does not guarantee any allocation. 
5. In the event of zero or partial allotment, The Customer’s unused funds (net of application fees) will be credited back to The Customer’s trading account within three business days after refunds are received by PSPL.
6. The Customer shall bear all currency exchange costs and risks, including any exchange losses arising from any adverse S$/HK$ movements; PSPL is not liable for such losses. 
7. The Customer acknowledges that he/she is aware of and accepts the risks involved in HK IPO applications, including:

   - Allotment Risk: popular HK IPOs are frequently oversubscribed, and Customers may receive minimal or even zero allocation.

   - Market Risk: IPO shares may trade below the offer price upon listing, resulting in capital loss.

   - Leverage Risk: Financing amplifies both gains and losses; and Customers may sustain losses greater than the initial payment.

   - FX Risk: conversion between currencies exposes The Customers to exchange rate fluctuations.

   - Liquidity Risk: The Customers may not be able to sell the allotted shares at their desired price or time in market stress.

8. PSPL may amend these Terms (including rates and fees) at any time by posting the revised Terms on its website; continued participation constitutes acceptance.

Application process

1. The Customer must complete and sign the relevant IPO Irrevocable Application & Compliance Form via POEMS 2 Web.
2. Manual Applications must reach PSPL no later than 17:00 SGT, two business days before the official SEHK close of the IPO subscription period. Applications submitted after the cutoff may be rejected or processed on a best-effort basis at PSPL’s discretion.
3. PSPL will deduct from The Customer’s trading account the subscription amount (plus fees and interest as applicable) before the IPO listing date, or upon notification of allotment, whichever is earlier.
4. Applications may only be submitted via the HK IPO subscription online forms, or manually through the Customer’s designated Trading Representative or Dealing team.
5. HK IPO application fee: HK$ 100 per application (non-refundable). Other charges (e.g., FX spreads, bank charges) may apply.
6. If cleared funds are insufficient, PSPL may liquidate the Customer’s securities or exercise any right of setoff; default interest and administrative fees may apply.
7. An applicant shall submit only one application for the service or product. Multiple submissions, including those made by or through another third-party intermediary (such as a broker), will be rejected.

Financing terms

1. The Customer must complete and sign the relevant IPO Financing Application Form.
2. IPO financing is 80 % of the subscription amount. The Customer must deposit the remaining 20% co-payment plus fees before the application is accepted.
3. Interest will only be charged on allotments that have exceeded the 20% initial payment and will be charged on the difference (monies borrowed).
4. Debit interest is charged on debit balance at 7% p.a., beginning on the allotment date if the account does not have/convert sufficient HK$. If the IPO listing is deferred or settlement is delayed beyond four days, interest continues to accrue daily at 7 % p.a. until the loan is repaid, or forced selling is in place. (If allotment is more than 20% co-payment value)

OPEN ACCOUNT

Campaign Period: 1 April 2026 to 30 June 2026​

Log In or Sign Up

Sign in via the POEMS Mobile 3 App. New to POEMS? Open an Account to get started.

Redeem Your Gold Coupon

Redeem your Gold Coupon via the POEMS Mobile 3 Rewards section to receive S$20 in Cash Credit.* *T&Cs Apply

Trade & Climb the Leaderboard

Be the top trader by total traded value in i. SPDR Gold Shares ii. LionGlobal Singapore Physical Gold ETF

Why These 4 Gold ETFs Stand Out

SPDR Gold Shares GLD SG$ GLD SG$ (Ticker: GSD) refers to the SPDR Gold Shares traded on the Singapore Exchange (SGX) in Singapore Dollars (SGD):

• Offer investors a way to track the price of gold without holding physical gold
• Backed by physical gold bullion held in vaults
• Aims to reflect gold’s performance, providing diversification and a hedge against economic uncertainty

TRADE SGX: GSD SPDR Gold Shares GLD US$​ GLD US$ (Ticker: O87) refers to the SPDR Gold Shares ETF traded on the Singapore Exchange in U.S. dollars (USD):

• Tracks the same underlying fund as SPDR Gold Shares (GLD), denominated in USD
• Quoted and settled on SGX in USD rather than SGD
• Provides flexibility for investors seeking USD exposure to gold

TRADE SGX: O87 Lion Global Physical Gold ETF Lion SG Phy Gold S$ Lion SG Phy Gold SGD$ (Ticker: GLS) refers to the Lion Global Physical Gold ETF traded on the Singapore Exchange (SGX) in Singapore Dollars (SGD):

• Offer exposure to physical gold backed by LBMA-standard bars
• Safeguarded in Singapore with strong regulatory standards
• Securely vaulted with 24/7 protection
• Fully insured against loss, theft or damage

TRADE SGX: GLS Lion Global Physical Gold ETF Lion SG Phy Gold US$ Lion SG Phy Gold US$ (Ticker: GLU) refers to the Lion Global Physical Gold ETF traded on the Singapore Exchange (SGX) in U.S. dollars (USD):

• Tracks the same underlying fund as the Lion Global Physical Gold ETF (GLS), denominated in USD
• Quoted and settled on SGX in USD rather than SGD
• Provides flexibility for investors seeking USD exposure to gold

TRADE SGX: GLU

Check Out the Comparison Chart between S&P 500 & Gold in 2025

Yellow line: Gold Blue line: S&P 500 Source: TradingView

Read: How Gold ETFs Can Diversify Your Portfolio and Hedge Against Inflation

Scan the QR code to redeem your S$20 Gold Coupon. Redeem Now

Frequently Asked Questions

Am I required to register first before I participate in the top trader promotion? No, registration is not required. Your Account will be automatically tracked when you execute eligible trades during the campaign period. When will I be notified if I am the top trader for the top trader promotion and how do I redeem the Gold bar? If you are the top trader for the promotion, you will be notified via email or phone within ONE month after the end of the promotion period. Redemption details will be provided in the notification. Please ensure that your contact details with POEMS are up to date to avoid any delays. I am a Cash Trading Account holder. Am I eligible to enjoy this promotion? No, Cash Trading Account holders are not eligible for this promotion. You may consider opening an eligible Account type or converting your Cash Trading Account to a Cash Management Account via POMS 2.0 How to redeem the S$20 Gold Coupon on POEMS Mobile 3 App? To redeem the S$20 Gold Coupon, please kindly follow these few steps:

1. Download POEMS Mobile 3 App on App Store/Google Play Store.
2. Login with your POEMS Account number and password and head over to Me Tab > Rewards.
3. Select S$20 Gold Coupon under SHOP and Buy with 1 POEMS Coin to redeem.
4. Once redeemed, execute the eligible trade before the expiry date.
5. Once you have executed an eligible trade, the S$20 Cash Credit will be credited to your Account within one (1) month after the campaign end date of 30 June 2026.

Terms & Conditions

T&Cs

1. This promotion is valid from 1 April 2026 to 30 June 2026, and is open to new and existing Customers of Phillip Securities Pte Ltd (“PSPL”).
2. Promotion Details:
   • Top Trader Promotion:
     • 1 X ½ oz 999.9 Gold Bar*:
       • Eligibility:
         • Be the top trader by total traded value in SPDR Gold Shares (SGX:GSD), (SGX:O87) and/or LGI Singapore Physical Gold ETF (SGX: GLU), (SGX: GLS) during promotion period.
         • Only BUY trades are applicable
         • Only Online trades are applicable
       • *Subjected to availability. May be substituted with a ½ oz Gold Coin of similar value.
     • Notification:
       • You will be notified via email or phone within one month after the end of the promotion period.
   • S$20 Gold Coupon:
     • Eligibility Criteria:
       • BUY trades only
       • SGX listed Gold ETFs;
         • SGX: O87 – SPDR Gold Shares (USD)
         • SGX: GSD – SPDR Gold Shares (SGD)
         • SGX: GLU – LionGlobal Singapore Physical Gold ETF (USD)
         • SGX: GLS – LionGlobal Singapore Physical Gold ETF (SGD)
       • Cash trades only
       • Online trades only
       • Minimum trade value of S$10,000/US$7,800
     • This Coupon, exchangeable with one POEMS coin, can be redeemed for a S$20 Cash Credit upon Successful Eligible Trades.
     • The availability of this Coupon listed on the POEMS Mobile 3 Reward Shop will be on a first come first serve basis.
     • Each Customer is only eligible to exchange one S$20 Trade Gold for Gold Coupon using one POEMS coin during the Promotion period.
     • The one POEMS Coin used to exchange for this Coupon will not be refunded once the Coupon is exchanged.
     • This Coupon is valid for one-time use only and is non-refundable, non-transferable, and cannot be exchanged for cash.
     • This Coupon will expire on 30 Jun 2026. You are required to redeem the Coupon and execute the eligible trade within the Coupon validity period.
     • This Coupon will be automatically applied to the first successful eligible trade executed, after the Coupon redemption and before its expiry.
     • The S$20 rebate will be credited to the eligible Account within the month of July 2026 after redeeming the coupon and completing Successful Trades.
     • If the Coupon is not redeemed and/or a successful eligible trade is not executed within the validity period, the Coupon will be forfeited, and no rebate will be issued.
     • If there are multiple Stock Coupons active, the one which has a nearer expiration date will be used up first by default. If the Coupons have the same expiry date, the Coupon that was activated first by the Customer will be used by default.
     • If the Customer holds multiple trading Accounts, the Account that performs the first successful eligible trade will receive the S$20 rebate, regardless of which Account the Coupon was activated in. For example: Customer has Account A and Account B. Customer activates the Coupon in Account A, but later performs a successful eligible trade using Account B. In this case, Account B will be awarded the S$20 rebate.
3. Phillip Securities Pte Ltd (“PSPL”) reserves the right at any time in its absolute discretion to (i) amend, add to, and/or delete at any time of these Terms & Conditions without prior notice (including eligibility and qualifying terms and criteria), and all Customers shall be bound by such amendments, additions and/or deletions when effected, or to (ii) vary, withdraw, and/or cancel any items or the promotion itself without having to disclose a reason, and without any compensation or payment whatsoever. PSPL’s decisions on all matters relating to the promotion are final and binding on all Customers.
4. PSPL and its affiliates and their respective employees and agents shall not be liable to any person for any loss, damage, injury, costs or expenses incurred, suffered, borne or arising from this promotion.
5. By redeeming this item, you acknowledge that you have read and consented to these Terms and Conditions.
6. Days refer to calendar days.
7. The following Customers are NOT eligible for this promotion unless approved by the management of PSPL:
   • Closed Account with PSPL during the promotion period
   • Cash Account(s)
   • PSPL institutional Customers and corporate Customers
8. This advertisement has not been reviewed by the Monetary Authority of Singapore.

Trade Daily Leverage Certificates (DLC) & Structured Warrants with

No Minimum Commission

From 2 March 2026

Trade Now

What is a DLC?

A Daily Leverage Certificate (DLC) is a form of structured financial instrument issued by banks and traded on the securities market. DLCs offer investors fixed leverage of 3 to 7 times the daily performance of an underlying index, be it a rising or falling market. The basic principle is simple – if the underlying index moves by 1% from its closing price of the previous trading day, the value of the 3x DLC will move by 3%.

SGX is Asia’s first venue to offer trading in DLCs, allowing investors to gain fixed leveraged exposure to developed Asian market indices and single stocks. This comes without the features impacting pricing for options such as implied volatility, time decay or margin calls.

DLCs were first introduced in Europe in 2012, where they are also called constant leverage products or factor certificates. They received wide interest from investors in Europe shortly after their launch.

Why Trade DLCs?

What is a Structured Warrant?

Similar to options, warrants give the holder the right but not the obligation to purchase securities from the issuer at a specific price within a certain time frame. Warrants are a form of derivative – that is, they derive their value from another underlying/reference instrument. These instruments are usually shares and ETFs.

Warrants as financial instruments evolved over time and expanded their ranges, making it harder to specifically define characteristics of all warrants. But one thing for sure is that warrants cover a wide spectrum of risk-return profiles and have diverse investment objectives to meet.

Why Trade Structured Warrants?

Your Potential Savings At A Glance

Example 1: Customer invests S$3,000 in a DLC that has a price of $1.00 per share.

	Cash Management Account		Cash Plus Account
	Before 02/03/2026*	Now
SGX-listed DLC traded price	S$1.00	S$1.00	S$1.00
Quantity Purchased	3,000 units	3,000 units	3,000 units
Gross Amount	S$3,000	S$3,000	S$3,000
Commission	S$25 (Fees calculated at 0.28% or minimum S$25, for Cash Management Account with contract value below S$50,000)	S$8.40 (0.28% x $3,000) (Fees calculated at 0.28%, for Cash Management Account with contract value below S$50,000)	S$2.40 (0.08% x $3,000) (Fees calculated at 0.08%, for Cash Plus Account: Starter tier)
Commission Saved		S$16.60

Example 2: A customer invests S$300 in a Structured Warrant priced at S$0.10 per share.

	Cash Management Account		Cash Plus Account
	Before 02/03/2026*	Now
SGX-listed Structured Warrants traded price	S$0.10	S$0.10	S$0.10
Quantity Purchased	3,000 units	3,000 units	3,000 units
Gross Amount	S$300	S$300	S$300
Commission	S$25 (Fees calculated at 0.28% or minimum S$25, for Cash Management Account with contract value below S$50,000)	S$0.84 (0.28% x S$300) (Fees calculated at 0.28%, for Cash Management Account with contract value below S$50,000)	S$0.24 (0.08% x $300) (Fees calculated at 0.08%, for Cash Plus Account: Starter tier)
Commission Saved		S$24.16

*Online commission shown does not include any promotional discounts.

Note: The above examples do not include Exchange Fee and GST.

For pricing of other account types, please refer here.

Don't have an Account yet?

Open an Account Now

Alternatively, visit any of our Phillip Investor Centres or contact your trading representatives.

Frequently Asked Questions

What are the benefits of trading DLCs?

As a leverage product, Daily Leverage Certificates (DLC) give investors increased exposure to an underlying asset with the potential for higher returns. The leverage of a DLC can be 3, 5 or 7 times. Based on 5x leverage, if the underlying asset, typically a single stock or index, moves 2% in favour from its previous closing price, you earn a 10% gain on the DLC (2% * 5 = 10%). However, if the underlying asset moves in the direction against your position, you could experience a -10% loss.

How do I identify if the DLC listed is issued by Societe Generale/UBS AG?

You can identify the Issuer by the name of the DLC. Let’s use the counter Tencent for example. One of the Tencent DLCs issued by Societe Generale is Tencent 5xLongSG270930.

PSJW	Counter Code
Tencent (0700.HK)	Underlying
5x	Leverage Factor
Long	Long/Short
SG	Issuer (SG = Societe Generale)
270930	Expiry Date (YYMMDD)

As for DLCs issued by UBS AG, the name of the DLC will include ‘UB’ instead of ‘SG’. For example, a Tencent DLC issued by UBS AG is Tencent 5xLongUB270831.

8ZJW	Counter Code
Tencent (0700.HK)	Underlying
5x	Leverage Factor
Long	Long/Short
UB	Issuer (UB = UBS AG)
270831	Expiry Date (YYMMDD)

Does this promotion apply to existing Customers?

Yes, this promotion is open to new and existing Customers of Phillip Securities Pte Ltd (“PSPL”).

Terms & Conditions

T&Cs for “No Minimum Commission for Daily Leverage Certificates (DLC) and Structured Warrants”

1. No Minimum Commission rates for Daily Leverage Certificates (“DLCs”) and Structured Warrants are applicable for all POEMS Trading Accounts from 2 March 2026 onwards. For standard rates, please refer to the respective account pricing.

2. This promotion is open to new and existing Customers of Phillip Securities Pte Ltd (“PSPL”).

3. Eligibility Criteria for the promotion:

• Cash & SRS Trade only
• Online trade only
• Only trades in Daily Leverage Certificates (DLC) and Structured Warrants are eligible
• BUY or SELL Trades of the same counter listed on SGX, executed on the same trading day via POEMS Trading Platforms, using the same payment mode (cash/SRS) and under the same Account, are considered as one trade. This is because only one commission is charged for such trade orders. Please refer HERE for more information.

4. The following persons are not eligible to participate in those promotions unless approved by the management of Phillip Securities Pte Ltd (“PSPL”):

• PSPL institutional Customers and corporate Customers 
• PSPL Account holders whose Accounts have been suspended, cancelled or terminated 
• All employees of PSPL and its associated entities; PSPL and all its subsidiaries 

5. PSPL reserves the right at any time in its absolute discretion to (i) amend, add to, and/or delete at any time of these Terms & Conditions without prior notice (including eligibility and qualifying terms and criteria), and all participants shall be bound by such amendments, additions and/or deletions when effected, or to (ii) vary, withdraw, and/or cancel any items or the promotion itself without having to disclose a reason, and without any compensation or payment whatsoever. PSPL’s decisions on all matters relating to the promotion are final and binding on all participants.

6. In the event of a dispute over the Customer’s eligibility to participate in this promotion, PSPL’s decision will be final.

7. By taking part in this promotion, the participant acknowledges that he/she has read and consented to these Terms & Conditions.

8. This advertisement has not been reviewed by the Monetary Authority of Singapore.

Earn Up To S$300 Monthly
When You Trade
Singapore Depository Receipts!

The more you trade, the more you earn!

Earn Up To S$300 Monthly When You Trade Singapore Depository Receipts!

Get Rewarded Up to S$300 Cash Credits For Active Traders!

From 2 Mar 2026 to 30 Apr 2026

From 2 Mar 2026 to 30 Apr 2026

Monthly Traded Incentives

For a limited time, be rewarded with Cash Credits when you hit the qualifying trading tiers!

For a limited time, be rewarded with Cash Credits when you hit the qualifying trading tiers!

Monthly Traded Incentives for Active Traders

Monthly Traded Value (S$)	Cash Credit (S$)
>S$500,000 – S$750,000	S$100
>S$750,000 – S$1,000,000	S$150
>S$1,000,000 – S$1,500,000	S$200
>S$1,500,000	S$300

Monthly Traded Value (S$)	Cash Credit (S$)
S$500,000 – S$750,000	S$100
S$750,001 – S$1,000,000	S$150
S$1,000,001 – S$1,500,000	S$200
S$1,500,001 and above	S$300

Eligibility

• Only trades in SDR (Singapore Depositary Receipts) listed on SGX are eligible
• Online and offline trades qualify
• Cash Trade only
• Both Buy and Sell trades are applicable
• The Monthly Traded Value is the cumulative amount for that month

Trade SDRs with No Minimum Commission!

TRADE NOW

Claim your S$10 SDR Coupon on POEMS Mobile 3 App Rewards

Valid to redeem and trade from now till 31 Jul 2026

Claim your S$10 SDR Coupon on POEMS Mobile 3 App Rewards​

Valid to redeem and trade from now till 31 Jul 2026

Eligibility

• Redeemable with FIVE POEMS Coins on POEMS Mobile 3 App Rewards
• Applicable for BUY Trades only
• Successful trade refers to the purchase of any SDR (Singapore Depository Receipts) listed on SGX
• Each Client is only eligible to redeem one S$10 SDR Coupon per month using POEMS coins during the Promotion period

Scan the QR Code to Redeem the S$10 SDR Coupon!

REDEEM NOW

Frequently Asked Questions

Am I required to register first before I participate in the Monthly Traded Value Incentives promotion? 

No, registration is not required. Your Account will be automatically tracked when you execute eligible trades during the campaign period.

Can the Monthly Traded Value in excess of S$1.5 million be carried forward to the next month?

No, the cumulative traded value in excess of S$1.5 million cannot be rolled over to the next month.

When will the Cash Credits be credited into my account?

Eligible participants will receive the Cash Credit into their Account within 30 days following the end of the respective month.

I am a Cash Trading Account holder. Am I eligible to enjoy this promotion? 

No, Cash Trading Account holders are not eligible for this promotion. You may consider opening an eligible Account type or converting your Cash Trading Account to a Cash Management Account.

Which account types are not eligible for this promotion?

• Closed Account with PSPL during the promotion period
• Cash Account(s)
• Joint Account(s)
• PSPL institutional Customers and corporate Customers
• PSPL and its associated entities and subsidiaries (direct or indirect), e.g. Staff, and Financial Adviser Representatives.

Terms & Conditions

T&Cs

1. This promotion is valid from 2 March 2026 to 30 April 2026, and is open to new and existing Customers and Trading Representatives of Phillip Securities Pte Ltd (“PSPL”). 
2. Promotion Details:
   
   • Monthly Traded Incentive Promotion:
     • Receive the corresponding amount of Cash Credits for the respective tier of Monthly Traded Value met for that month:
       • Tiers:
         

         Monthly Traded Value (S$)	Cash Credit (S$)
         S$500,000 – S$750,000	S$100
         S$750,001 – S$1,000,000	S$150
         S$1,000,001 – S$1,500,000	S$200
         S$1,500,001 and above	S$300

       • Eligibility:
         • Only trades in SDR (Singapore Depositary Receipts) listed on SGX are eligible
         • Online and offline trades qualify
         • Cash Trade only
         • Both Buy and Sell trades are applicable
         • The Monthly Traded Value is the cumulative amount for that month
       • Crediting of Rewards:
         • Eligible participants will receive the Cash Credit into their Account within 30 days following the end of the respective month.
   • S$10 SDR Coupon:
     • Please kindly refer to https://www.poems.com.sg/sdr-coupon/
3. Phillip Securities Pte Ltd (“PSPL”) reserves the right at any time in its absolute discretion to (i) amend, add to, and/or delete at any time of these Terms & Conditions without prior notice (including eligibility and qualifying terms and criteria), and all Customers shall be bound by such amendments, additions and/or deletions when effected, or to (ii) vary, withdraw, and/or cancel any items or the promotion itself without having to disclose a reason, and without any compensation or payment whatsoever. PSPL’s decisions on all matters relating to the promotion are final and binding on all Customers.
4. PSPL and its affiliates and their respective employees and agents shall not be liable to any person for any loss, damage, injury, costs or expenses incurred, suffered, borne or arising from this promotion.
5. By participating in this campaign, you acknowledge that you have read and consented to these Terms and Conditions.
6. Days refer to calendar days.
7. The following Customers are NOT eligible for this promotion unless approved by the management of PSPL:
   • Closed Account with PSPL during the promotion period
   • Cash Account(s)
   • Joint Account(s)
   • PSPL institutional Customers and corporate Customers
   • PSPL and its associated entities and subsidiaries (direct or indirect), e.g. Staff and Financial Adviser Representatives.
8. This advertisement has not been reviewed by the Monetary Authority of Singapore.

• •  

1.  

LionGlobal Singapore Physical Gold ETF

Initial Offering Period (IOP): 6 to 19 March 2026

Invest Now

Receive Up to S$600 in Cash Credits + a 1g Gold Bar!

About the LionGlobal Singapore Physical Gold ETF

The Fund seeks to track as closely as possible, before fees and expenses (including, but not limited to, hedging costs where applicable), the performance of the LBMA Gold Price* AM. The Fund invests at least 90% of its assets in physical gold.

*LBMA GOLD PRICE IS A TRADEMARK OF PRECIOUS METALS PRICES LIMITED, LICENSED TO ICE BENCHMARK ADMINISTRATION LIMITED (IBA) AS THE ADMINISTRATOR OF THE LBMA GOLD PRICE, AND IS USED BY LION GLOBAL INVESTORS LIMITED WITH PERMISSION UNDER LICENCE FROM IBA.
**Refers to ETF USD Class which is tradable in both SGD and USD on SGX.
^LBMA (LONDON BULLION MARKETS ASSOCIATION) IS THE GLOBAL TRADE ASSOCIATION THAT SETS INTERNATIONAL STANDARDS FOR GOLD BULLION.

Comparison with Other Gold Investments

Gold investments are accessible through various avenues, including tangible assets and synthetic derivatives. When investing in physical gold, however, the safe custody of the underlying asset remains a key consideration for investors.

The comparison table below outlines the key structural differences across selected gold investment options, including domicile, underlying exposure, custody arrangements and insurance coverage.

Source: Various prospectuses, as at 31 January 2026.
*Refers to ETF USD Class which is tradable in both SGD and USD on SGX.

Long-term Store Of Value

Beyond short-term volatility, gold has historically appreciated against fiat currencies over the long term. As a result, it has often served as a long-term store of value and a diversifier against fiat currency risk.

The charts below illustrate gold’s performance in USD terms and its relationship with the USD Index over time, highlighting its role in preserving value across market cycles.

Sources: Bloomberg, as at 31 January 2026, in USD terms.

How to Subscribe to the ETF During the IOP via POEMS 2.0

1. Log in to POEMS 2.0, then navigate to ‘Account Management’ > ‘Online Forms’ > ‘IPO Subscription – Irrevocable Form’, or click here.
2. Select the IPO you wish to subscribe to.
3. Review and accept the prospectus, terms, and conditions before subscribing to the financial product.
4. Applications close at 5pm on Thu, 19 March 2026.
5. Ensure that sufficient funds are available in your POEMS account to complete the application by the deadline.

Pitch Book Prospectus IOP Subscription Details

IOP Subscription Details
Subscription Period	6 March 2026 to 19 March 2026
Listing Date	26 March 2026
Subscription Price	USD 5.0000 per unit
Minimum Quantity	100 units
Commission Fees	Zero Commission
Trading Currency	SGD, USD
Allotment	Full Allotment

Key Information

 

Key Information
ETF Name	LionGlobal Singapore Physical Gold ETF
Reference Benchmark	LBMA Gold Price AM
Issue Price	USD 5.0000 per unit
Initial Offer Period (IOP)	6 Mar 2026 to 19 Mar 2026
Listing Date	26 March 2026
Base Currency	USD
Trading Currency	SGD, USD
SGX Code	GLS (SGD) , GLU (USD)
Trading Board Lot Size	1 Unit
Management Fee	0.39% p.a.
Classification Status	Excluded Investment Product

Terms and Conditions for Initial Offer Period for LionGlobal Singapore Physical Gold ETF

1. The subscription period for LionGlobal Singapore Physical Gold ETF (“ETF”) is from 6 March 2026, Friday at 9am to 19 March 2026, Thursday at 5pm.
2. The online subscription will close on 19 March 2026 at 5pm. No new applications, amendments, or withdrawals are allowed after this deadline. 
3. Eligible Accounts to subscribe for the ETF must be Cash Plus, Margin (M), Custodian (C), Prepaid Custodian (CC), Cash Management (KC) and Share Financing (V) Accounts.  Cash Trading Accounts (T) are not eligible to participate in this subscription.  
4. Only one application is allowed per Account. 
5. Each ETF unit is priced at US$5, and the Client shall be required to make a minimum investment of US$500 in the Units of the Fund, with an incremental order size of 100 units.
6. There are zero commission fees. 
7. The total amount payable is denominated in USD. The settlement currency will be in USD. 
8. Sufficient funds (including transfer fee and GST) must be present in the Customer’s Account by 19 March 2026 at 5pm.
9. Applications will be rejected if the Account does not have or reflect sufficient funds after 19 March 2026 at 5pm. 
10. ETF units will be credited to the clients’ CDP or clients’ sub-account with Phillip Securities Pte Ltd by 19 March 2026.
11. Customers will receive the full allotment of the number of ETF units that they subscribe to. 
12. Customers can start trading the ETF units when the ETF is listed on SGX on 26 March 2026 at 9am. 
13. Notwithstanding anything herein contained, PSPL reserves the right at any time in its absolute discretion to (i) amend, add and/or delete any time of these Terms & Conditions without prior notification (including eligibility and qualifying terms and criteria), and all participants shall be bound by such amendments, additions and/or deletions when effected, or (ii) vary, withdraw, or cancel any items or the promotion without having to disclose a reason thereof and without any compensation or payment whatsoever. PSPL’s decision on all matters relating to the promotion shall be final and binding on all participants. 
14. In the event of a dispute over the client’s eligibility to participate in this Promotion, PSPL’s decision will be final. PSPL shall not be obliged to give any reason on any matter concerning the Promotion and no correspondence or claims will be entertained. 
15. By taking part in this promotion, the customer acknowledges that he/she has read and consented to these Terms & Conditions. 

Terms and Conditions for IOP Promotion

1. Customers will be entitled to receive a S$12 cash credit for every US$5,000 subscribed into the LionGlobal Singapore Physical Gold ETF, provided that they hold their subscription from 26 March 2026, the listing date of the fund, to 30 April 2026 (the Minimum Holding Period).
2. The Campaign Period runs from 6 March 2026, Fri at 9.00am to 19 March 2026,  Thu at 5.00pm.
3. The Cash Credit is capped at S$600 per POEMS account.
4. The Cash Credit is to be provided to the first 400 eligible clients of PSPL who invest in the ETF during the IOP.
5. The Cash Credit will be credited to your account within one month after the holding period.
6. The first 20 customers who subscribe for a minimum of US$250,000 into the LionGlobal Singapore Physical Gold ETF between 6 March 2026 at 9.00am and 19 March 2026 at 5.00pm (the “IOP Period”) and hold their subscription until 30 June 2026 will be entitled to receive one (1) 1g gold bar.
7. The subscription must be successfully allotted and fully paid during the Initial Offer Period (IOP).
8. Entitlement will be determined based on the time and date of successful subscription and allotment, as recorded by the issuer. The issuer’s decision shall be final and binding.
9. Each customer is entitled to one (1) 1g gold bar only. If the Customer holds multiple trading Accounts, the Account that performs the first successful eligible trade will be eligible to receive the 1g gold bar. For example: Customer has Account A and Account B. Account A subscribe US$250,000 ETF during the IOP and later trades in Account B, only Account A will receive the 1g gold bar.
10. Eligible customers will be notified via email or phone within one month after the end of the holding period (30 June 2026).
11. The following Customers are NOT eligible for this promotion unless approved by the management of PSPL.
    – Closed Account with PSPL during the promotion period
    – Cash Account(s)
    – PSPL institutional Customers and corporate Customers

12. Notwithstanding anything herein contained, PSPL reserves the right at any time in its absolute discretion to:

    • (i) Amend, add, or delete any of these Terms & Conditions without prior notice (including eligibility and qualifying terms and criteria), and all participants shall be bound by such amendments, additions and/or deletions when effected; or
    • (ii) Vary, withdraw, or cancel any items or the promotion without having to disclose a reason thereof and without any compensation or payment whatsoever. PSPL’s decision on all matters relating to the promotion shall be final and binding on all participants.
13. In the event of a dispute regarding a client’s eligibility to participate in this Promotion, PSPL’s decision will be final. PSPL shall not be obligated to give any reasons on any matter concerning the Promotion, and no correspondence or claims will be entertained.
14. By taking part in this promotion, the customer acknowledges that he/she has read, understood, and consented to these Terms & Conditions.

Events Lineup

Beyond the Sparkle: Gold as a Strategic Anchor

ETFs

6 Mar, Fri 2026 07:00 PM - 08:00 PM

Mr Ong Xun Xiang | Head of ETFs | Lion Global Investors

SGX Centre 1, 2 Shenton Way #02-02 Singapore, 068804

Beyond the Sparkle: Gold as a Strategic Anchor

ETFs

6 Mar, Fri 2026 07:00 PM - 08:00 PM

Mr Ong Xun Xiang | Head of ETFs | Lion Global Investors

Zoom

Beyond the Sparkle: Gold as a Strategic Anchor

Stocks

13 Mar, Fri 2026 12:00 PM - 01:00 PM

Mr Ong Xun Xiang | Head of ETFs | Lion Global Investors

Zoom

YOUR ONE-STOP GATEWAY
TO INVEST IN SINGAPORE

Equity Market Development Programme (EQDP) by MAS

Powered by the Monetary Authority of Singapore (MAS)

Unlock Opportunities with EQDP

The Monetary Authority of Singapore (MAS) has introduced a S$5 billion Equity Market Development Programme (EQDP) to accelerate the growth of selected funds and quality stocks within Singapore’s capital markets. This forward‑looking initiative underscores Singapore’s commitment to deepening its equity market, reinforcing its position as a leading financial hub, and supporting long‑term value creation for investors.

Discover investment opportunities aligned with national growth priorities and underpinned by strong market fundamentals. Learn how selected funds and small‑ to mid‑cap stocks may benefit from this initiative, and explore potential pathways to grow your portfolio with POEMS by PhillipCapital.

Investing is not just about opportunities. It is about having the right platform to act on them.

Discover Promotions

EQDP: Selected Singapore Stocks and Funds

Fund Selection Stock Selection Fund Selection

Name			Inception Date	Performance YTD	FactSheet	Article
	Manulife Singapore Opportunities Income Fund Class A SGD Manulife Singapore Opportunities Income Fund Class A SGD Fund code : 548015		–	–	View	–
	Manulife Singapore Opportunities Income Fd Cl A MDIS SGD Manulife Singapore Opportunities Income Fd Cl A MDIS SGD Fund code : 548016		–	–	View	–
	Manulife Singapore Opportunities Income Fd Cl A MDIS USD H Manulife Singapore Opportunities Income Fd Cl A MDIS USD H Fund code : 548104		–	–	View	–
	Manulife Singapore Opportunities Income Fd Cl A USD H Manulife Singapore Opportunities Income Fd Cl A USD H Fund code : 548105		–	–	–	–
	Amova Singapore Dividend and Growth Equity Fd Cl A SGD Acc Amova Singapore Dividend and Growth Equity Fd Cl A SGD Acc Fund code : 509802		16 Mar 2026	–	–	Find Out More
	Amova Singapore Dividend and Growth Equity Fd Cl A SGD QDist Amova Singapore Dividend and Growth Equity Fd Cl A SGD QDist Fund code : 509803		16 Mar 2026	–	–	Find Out More
	Amova Singapore Small Mid Cap Equity Fd Cl A SGD Acc Amova Singapore Small Mid Cap Equity Fd Cl A SGD Acc Fund code : 509804		16 Mar 2026	–	–	Find Out More
	Amova Singapore Small Mid Cap Equity Fd Cl A SGD QDist Amova Singapore Small Mid Cap Equity Fd Cl A SGD QDist Fund code : 509805		16 Mar 2026	–	–	Find Out More
	LionGlobal Singapore Trust Fund SGD (Acc) LionGlobal Singapore Trust Fund SGD (Acc) Fund code : 526020		01 Mar 1989	9.3481	View	–
	Fullerton Singapore Value-Up Fd Cl A SGD Acc Fullerton Singapore Value-Up Fd Cl A SGD Acc Fund code : 543019		–	13.9546	View	Find Out More Why Invest in Singapore Now_PSPL Placemat_Value-up_Jan 2026 Fullerton Singapore Value-Up Brochure_Dec 2025.pdf​
	Fullerton Singapore Value-Up Fd Cl I SGD Acc Fullerton Singapore Value-Up Fd Cl I SGD Acc Fund code : 543020		–	14.3627	–	Find Out More Why Invest in Singapore Now_PSPL Placemat_Value-up_Jan 2026 Fullerton Singapore Value-Up Brochure_Dec 2025.pdf​

Stock Selection

Name			Report Published Date	Last Updated Date	Performance YTD	Rating
	17Live		9 Mar 2026	8 June 2026	S$1.18	Buy
	CNMC Goldmine Holdings		3 Mar 2026	8 June 2026	S$2.34	BUY
	Prime US REIT		14 May 2026	8 June 2026	US$0.32	BUY
	Soilbuild Construction		4 Mar 2026	8 June 2026	S$1.4	BUY
	Telechoice International Ltd		12 Mar 2026	8 June 2026	S$0.275	BUY
	Geo Energy Resources Ltd		16 Mar 2026	8 June 2026	S$0.75	BUY
	Zixin Group Holdings Ltd		27 Apr 2026	8 June 2026	S$0.055	BUY
	Centurion Corporation Ltd		12 Mar 2026	8 June 2026	S$1.85	BUY
	SIA Engineering		18 May 2026	8 June 2026	S$4.06	ACCUMULATE
	LHN Ltd		28 May 2026	8 June 2026	S$0.77	BUY
	Thomson Medical Group		16 Feb 2026	8 June 2026	S$0.07	ACCUMULATE
	Pacific Radiance Ltd		27 Aug 2025	8 June 2026	S$0.098	BUY
	Hyphens Pharma		5 Mar 2026	8 June 2026	S$0.4	BUY
	Thakral Corporation		8 Jun 2026	8 June 2026	S$1.85	BUY
	Wee Hur Holdings		16 Mar 2026	8 June 2026	S$1.08	BUY
	BRC Asia		14 May 2026	8 June 2026	S$5.3	BUY
	StarHub		11 May 2026	8 June 2026	S$1.01	NEUTRAL
	Frencken Group Ltd		21 May 2026	8 June 2026	S$3.3	ACCUMULATE
	Q&M Dental		20 Aug 2025	8 June 2026	S$0.71	BUY
	HRnetGroup		27 Feb 2026	8 June 2026	S$0.82	ACCUMULATE
	China Aviation Oil		12 Mar 2026	8 June 2026	S$2.53	BUY
	Pan-United		27 Feb 2026	8 June 2026	S$1.73	BUY
	Stoneweg Europe Stapled Trust		29 Apr 2026	8 June 2026	€1.89	BUY
	ComfortDelGro		14 May 2026	8 June 2026	S$1.35	NEUTRAL
	PropNex		3 Mar 2026	8 June 2026	S$2.08	ACCUMULATE
	Ever Glory United Holdings		9 Mar 2026	8 June 2026	S$1.05	BUY
	Lendlease Global Comm. REIT		20 May 2026	8 June 2026	S$0.73	BUY
	Oiltek International Ltd		7 Apr 2026	8 June 2026	S$2.72	BUY
	Elite UK REIT		25 May 2026	8 June 2026	£0.41	BUY
	First REIT		28 Apr 2026	8 June 2026	S$0.25	ACCUMULATE
	Sheng Siong		4 May 2026	8 June 2026	S$3.16	ACCUMULATE
	CapitaLand Ascott Trust		28 Apr 2026	8 June 2026	S$1.08	BUY
	Raffles Medical Group		25 Feb 2026	8 June 2026	S$1.02	NEUTRAL
	Suntec REIT		27 Apr 2026	8 June 2026	S$1.63	ACCUMULATE
	OUE REIT		23 Apr 2026	8 June 2026	S$0.45	BUY
	Valuetronics		2 Jun 2026	8 June 2026	S$1.29	BUY
	NetLink NBN Trust		18 May 2026	8 June 2026	S$0.96	NEUTRAL
	iX Biopharma		10 Apr 2026	8 June 2026	S$1.00	BUY
	United Hampshire REIT		14 May 2026	8 June 2026	US$0.69	BUY
	Nordic Group		28 May 2026	8 June 2026	S$0.68	BUY

Why Choose POEMS?

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Invest with confidence—no sales charges, ever. CPF & SRS options available for added flexibility.

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Direct settlement through your CDP account for convenience and security.y.

Expert Insights at Your Fingertips


Access research reports, actionable recommendations, and exclusive webinars to make informed decisions.

Personalised Guidance from Specialists

Our Equity and Investment Specialists are ready to support you—wherever and whenever you need.

Interested but not a POEMS User yet?

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Webinar

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Corporate Insights by First REIT

Stocks

11 Jun, Thu 2026 12:00 PM - 01:00 PM

Mr. Victor Tan | Executive Director & CEO | First REIT

Zoom

online

Corporate Insights by LHN Limited

Stocks

1 Jul, Wed 2026 12:00 PM - 01:00 PM

Mr. Lim Lung Tieng (Kelvin) | Executive Chairman & Executive Director | LHN Ltd

Zoom

online

Corporate Insights by iX Biopharma Ltd

Stocks

2 Jul, Thu 2026 12:00 PM - 01:00 PM

Ms. Eva Tan | CCO | iX Biopharma Ltd

Zoom

See More

Already A Customer? These Are For You

Promotions

Investment Journey Starts with Welcome Gift
Unlock Stock Coupon worth S$200 and get rewards up to S$1,000 CDP Mass Share Transfer Promotion
Transfer in your CDP holdings at 0 fees and get rewarded up to S$1,888. Monthly Free 5 US Fractional Trades 
Enjoy 5 free fractional trades and 6-months fee waiver on us. Applicable to investors... Enjoy No Minimum Commission
Permanently no minimum commission for all SGX listed ETFs Referral Programme
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Investment Journey Starts with Welcome Gifts

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CDP Mass Share Transfer Promotion

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Phillip SING Income ETF

Harvest your regular income with regular dividend fix through investing in 30 high-quality Singapore Listed Stocks.

Enjoy No Minimum Commission

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Referral Programme

Earn up to S$600* in rewards for successful referrals

FAQ

What is the Equity Market Development Programme (EQDP)?

The Equity Market Development Programme (EQDP) is a S$5 billion market initiative introduced by the Monetary Authority of Singapore (MAS) to encourage greater participation by professional fund managers in Singapore-listed equities. Capital is deployed through selected investment strategies with meaningful exposure to Singapore equities, contributing to broader market activity and depth.

How is POEMS by PhillipCapital related to EQDP?

POEMS by PhillipCapital provides investors with access to a wide range of stocks and unit trusts that operate within the broader market environment shaped by initiatives such as EQDP as well as research and educational contents. Through POEMS, investors can explore investment opportunities that participate in Singapore’s equity market ecosystem.

What types of investments are available on POEMS in relation to EQDP?

On POEMS, investors can access Singapore-listed stocks, unit trusts, managed accounts, and actively managed personalised portfolio. Some of these investments may be managed by asset managers whose strategies are aligned with the objectives of EQDP or operate within the EQDP market framework.

Does EQDP invest directly into specific stocks?

EQDP capital is typically deployed through professional fund managers rather than invested directly into individual stocks. These managers invest based on their own mandates, research, and investment strategies across a range of Singapore-listed companies.

How do unit trusts and funds fit into EQDP?

Unit trusts and equity funds are key channels through which EQDP capital is deployed. These actively managed strategies have substantial exposure to Singapore equities, allowing investors to gain indirect exposure to the broader market developments associated with EQDP through selected funds available on POEMS.

Are EQDP-related investments suitable for all investors?

Suitability depends on individual financial goals, risk tolerance, and investment horizon. Stocks and equity funds are subject to market fluctuations. Investors should review product information carefully and consider whether an investment aligns with their personal objectives.

Does investing through POEMS mean my investment is endorsed or guaranteed by MAS?

No. Investments available on POEMS are not endorsed, guaranteed, or supported by MAS. While certain funds or stocks may operate within the broader EQDP market environment, investment outcomes depend on market conditions and fund management decisions.

How can investors identify relevant stocks or funds on POEMS?

POEMS provides access to research tools, product information, and market insights to help investors explore available investment options. Investors may also consult their investment specialists or financial advisors for guidance.

Why consider investments aligned with the EQDP market framework?

EQDP represents a long-term market development effort that supports institutional participation and active management within Singapore equities. For investors, this creates an environment where selected stocks and funds may benefit from sustained professional market engagement.

How do I get started on POEMS?

You can download POEMS Mobile 3 to explore available stocks, unit trusts, and more. Detailed product information, prospectuses, and research materials are available on the platform to support informed investment decisions. 
You can also open a POEMS Account with connect with our Equity Specialists and Investment Specialists for personalised guidance.

Compliance Clarification: EQDP is a market initiative introduced by the Monetary Authority of Singapore (MAS). Investments available on POEMS by PhillipCapital are not endorsed, guaranteed, or supported by MAS and are subject to market risks.

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Disclaimer

This advertisement is intended for general information only and does not constitute a recommendation, an offer or solicitation to buy or sell any investment products mentioned herein. It does not have any regard to your specific investment objectives, financial situation or any of your particular needs. Investments are subject to investment risks including the possible loss of the principal amount invested. The value of any investments and the income from them may fall as well as rise. The risk of loss in leveraged trading can be substantial and you could lose in excess of your initial funds. You may wish to obtain advice from a financial adviser before investing in any investment products mentioned herein. In the event that you choose not to obtain advice from a financial adviser, you should consider whether the investment product is suitable for you. You are advised to read the trading account Terms & Conditions and Risk Disclosure Statement (available online at www.poems.com.sg) before trading in investment products. × This is provided to you for general information only and does not constitute a recommendation, an offer or solicitation to buy or sell the investment product mentioned. It does not have any regard to your specific investment objectives, financial situation or any of your particular needs. Accordingly, no warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of your acting based on this information. Investments are subject to investment risks including the possible loss of the principal amount invested. Unit trusts distributed by Phillip Securities Pte Ltd (“PSPL”) are not obligations of, deposits in, or guaranteed by, PSPL or any of its affiliates. The value of the units in any fund and the income from them may fall as well as rise. Past performance figures as well as any projection or forecast used in this publication are not necessarily indicative of future or likely performance of any unit trust. You should read the prospectus and product highlights sheet before deciding to subscribe for units in the respective fund. A copy of the prospectus can be obtained from the issuer or PSPL, or online at https://www.poems.com.sg/fund-finder/phillip-money-market-fund-534010/ You may wish to obtain advice from a qualified financial adviser, pursuant to a separate engagement, before making a commitment to purchase any of the investment products mentioned herein. In the event that you choose not to obtain advice from a qualified financial adviser, you should assess and consider whether the investment product is suitable for you before proceeding to invest and we do not offer any advice in this regard unless mandated to do so by way of a separate engagement. This advertisement has not been reviewed by the Monetary Authority of Singapore. Close