Daily Brief Singapore: China Yuchai International, Rubber Future SGX TSR20, GDS Global and more

• Yuchai’s HHP capacity expansion is going as planned, with supply chain changes helping boost capacity.
• As previously noted, this expansion should result in a sizable boost to 2026 results. This excludes the engines available from MTU.
• Work is progressing on the MGP listing in Hong Kong, but any future updates will come as disclosed via the Hong Kong Stock Exchange.

Highlights

• NR production rebounds 9.1% MoM, but remains 16.7% below last year’s level

• Malaysia’s NR imports jump 36.3% MoM as exports tumble 23.1%

• SMR20 rallies to US$2,370/mt before retreating to around US$2,235/mt

• GDS Global Limited (“GDS”) is a leading specialist provider of commercial and industrial door and shutter solutions in Southeast Asia with expanded capabilities in structural steel, metal engineering, and architectural aluminium solutions in Singapore.
• Backed by its strong technical expertise, proprietary know-how and technology-based solutions, the Group’s extensive range of door and shutter systems can be tailored to the specific needs and requirements of its customers.
• Underscoring its technology-driven edge in providing defence and safety shutter solutions, GDS is the first Singapore manufacturer that can offer steel insulated fire shutters with an insulation value of up to 240 minutes.