Rubber News Specialist, Helixtap

Vinod Nedumudy

Rubber News Specialist

Global Commodities Alternative Data and Insights

Helixtap

Helixtap collects, processes and distributes proprietary data, analyses and forecasts for the rubber, latex and automotive markets

Commodities

<ul><li>Exports to Indonesia surge 154% MoM in June  </li><li>China drives monthly rubber trade rebound  </li><li>Typhoon Kajiki disrupts supply and pushes up prices  </li></ul>

Exports to Indonesia surge 154% MoM in June  China drives monthly rubber trade rebound  Typhoon Kajiki disrupts supply and pushes up prices  

Seasonal Surge Lifts Vietnam’s Rubber Exports In June Amid Price Strain

CEO, Helixtap

Farah Miller

<ul><li>As rains turn the bane of Thailand, Vietnam exports get a fillip</li><li>China export volume too goes up but value doesn’t match</li><li>Vietnam readying its rubber sector to meet emerging needs</li></ul>

As rains turn the bane of Thailand, Vietnam exports get a fillipChina export volume too goes up but value doesn’t matchVietnam readying its rubber sector to meet emerging needs

Vietnam Exports In Full Swing, But Returns Fail To Keep Pace

IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/halcyon-agri-corp-ltd" target="_blank" data-smartkarma-citation="entities:18191:1" rel="noopener">Halcyon Agri (HACL SP)</a>’s S$0.413 per share MGO from <a href="https://www.smartkarma.com/entities/china-hainan-rubber-industry-group" target="_blank" data-smartkarma-citation="entities:10551:1" rel="noopener">China Hainan Rubber Industry (601118 CH)</a> has met the 50%+ minimum acceptance condition.</li>
<li>The closing date is extended from 24 March to 10 April. The payment settlement is within seven business days of receipt of a valid acceptance.</li>
<li>The offeror currently represents 50.003% of outstanding shares. At the last close, the gross and annualised spread for a 10 April payment is 2.0% and 41.8%, respectively. </li>
</ul>



Halcyon Agri (HACL SP)’s S$0.413 per share MGO from China Hainan Rubber Industry (601118 CH) has met the 50%+ minimum acceptance condition.
The closing date is extended from 24 March to 10 April. The payment settlement is within seven business days of receipt of a valid acceptance.
The offeror currently represents 50.003% of outstanding shares. At the last close, the gross and annualised spread for a 10 April payment is 2.0% and 41.8%, respectively. 


Halcyon Agri (HACL SP): Hainan Rubber’s Offer Is Declared Unconditional

<ul>
<li>The IFA opines that <a href="https://www.smartkarma.com/entities/china-hainan-rubber-industry-group" target="_blank" data-smartkarma-citation="entities:10551:1" rel="noopener">China Hainan Rubber Industry (601118 CH)</a>'s MGO at S$0.413 per share is fair and reasonable. The <a href="https://www.smartkarma.com/entities/halcyon-agri-corp-ltd" target="_blank" data-smartkarma-citation="entities:18191:1" rel="noopener">Halcyon Agri (HACL SP)</a> Board recommends accepting the offer.</li>
<li>Since the offer opened on 24 February, there have been no acceptances. Perhaps minorities held off until the full-year results and the IFA report. Board recommendation should drive acceptance.</li>
<li>The 50%+ minimum acceptance condition requires around 40% of minorities acceptance rate (47% excluding the Gondobintoro Family). This remains achievable. At the last close, the gross spread is 2.0%.</li>
</ul>


The IFA opines that China Hainan Rubber Industry (601118 CH)'s MGO at S$0.413 per share is fair and reasonable. The Halcyon Agri (HACL SP) Board recommends accepting the offer.
Since the offer opened on 24 February, there have been no acceptances. Perhaps minorities held off until the full-year results and the IFA report. Board recommendation should drive acceptance.
The 50%+ minimum acceptance condition requires around 40% of minorities acceptance rate (47% excluding the Gondobintoro Family). This remains achievable. At the last close, the gross spread is 2.0%.


Halcyon Agri (HACL SP): Board Recommends Conditional MGO

External broker reports(aggregated public sources), Rong Viet Securities

Rong Viet Securities

External broker reports(aggregated public sources)

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Equity Bottom-Up

<p>Having the two existing industrial parks being fully occupied, NTC is preparing to exploit Nam Tan Uyen 3 IP with 255 ha of commercial area. Despite the project is still waiting for final approval, we are optimistic about its absorption due to a 40% pre-sold rate. Nam Tan Uyen 3 Industrial Park will be the growth driver in the next five years when coming into operation. Unceasingly large FDI inflows and the relocation of factories across the regions have been creating a solid lease demand in…</p>

Having the two existing industrial parks being fully occupied, NTC is preparing to exploit Nam Tan Uyen 3 IP with 255 ha of commercial area. Despite the project is still waiting for final approval, we are optimistic about its absorption due to a 40% pre-sold rate. Nam Tan Uyen 3 Industrial Park will be the growth driver in the next five years when coming into operation. Unceasingly large FDI inflows and the relocation of factories across the regions have been creating a solid lease demand in…

NTC - Flourishing Rental Activity and Attractive Cash Dividend

Vietnam

Phuoc Hoa Rubber JSC operates a rubber tree plantation, where it also processes and trades rubber wood harvested. The Company manufactures basic rubber products, such as latex and Standard Vietnamese Rubber (SVR) products.

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Phuoc Hoa Rubber Jsc (PHR VN)

Seasonal Surge Lifts Vietnam’s Rubber Exports In June Amid Price Strain

Recovering fully from its off-season lull, Vietnam’s rubber industry entered June 2025 with renewed momentum, marking a decisive shift in...

Helixtap

Vietnam Exports In Full Swing, But Returns Fail To Keep Pace

Vietnam returned to a positive natural rubber outlook in September 2023, with oil prices showing a definite markup, while Thailand’s rubber...

Helixtap

Halcyon Agri (HACL SP): Hainan Rubber’s Offer Is Declared Unconditional

The offer (S$0.413 per share) is unconditional and closes on 10 April. Payment is within seven business days of receipt of a valid acceptance. At...

Arun George

Halcyon Agri (HACL SP): Board Recommends Conditional MGO

The 50%+ minimum acceptance condition requires around 40% of minorities acceptance rate. This remains achievable. At the last close, the gross...

Arun George

NTC - Flourishing Rental Activity and Attractive Cash Dividend

Having the two existing industrial parks being fully occupied, NTC is preparing to exploit Nam Tan Uyen 3 IP with 255 ha of commercial area....

Rong Viet Securities

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Seasonal Surge Lifts Vietnam’s Rubber Exports In June Amid Price Strain

​​​​​​​Recovering fully from its off-season lull, Vietnam’s rubber industry entered June 2025 with renewed momentum, marking a decisive shift in...

Helixtap

Vietnam Exports In Full Swing, But Returns Fail To Keep Pace

Vietnam returned to a positive natural rubber outlook in September 2023, with oil prices showing a definite markup, while Thailand’s rubber...

Helixtap

Halcyon Agri (HACL SP): Hainan Rubber’s Offer Is Declared Unconditional

The offer (S$0.413 per share) is unconditional and closes on 10 April. Payment is within seven business days of receipt of a valid acceptance. At...

Arun George

Halcyon Agri (HACL SP): Board Recommends Conditional MGO

The 50%+ minimum acceptance condition requires around 40% of minorities acceptance rate. This remains achievable. At the last close, the gross...

Arun George

NTC - Flourishing Rental Activity and Attractive Cash Dividend

Having the two existing industrial parks being fully occupied, NTC is preparing to exploit Nam Tan Uyen 3 IP with 255 ha of commercial area....

Rong Viet Securities

Recovering fully from its off-season lull, Vietnam’s rubber industry entered June 2025 with renewed momentum, marking a decisive shift in...