In today’s briefing:
- Valuemax Group Limited 1HFY2026 Results Update
- Tat Seng Packaging Group Limited 1HFY2026 Results Update
- Keppel DC REIT Deal To Lift 2026 Secondary Fundraising Above S$4B
Valuemax Group Limited 1HFY2026 Results Update
- ValueMax is a secured lender that also retails gold.
- Three engines of business: Pawnbroking, property-backed moneylending, retail & trading of jewellery and gold.
- The receivables on its balance sheet are its loan book, not trade debtors, so money lent runs through operating cash flow, and a growing book reports a cash outflow by its design.
Tat Seng Packaging Group Limited 1HFY2026 Results Update
- Tat Seng grew revenue for the first time in four years, taking S$117.6m in the six months to 30 June 2026.
- Profit to owners fell 18.9% on higher tax and a larger non-controlling share.
- In June 2026 it paid out S$61.3m, moving from net cash of S$42.9m to net debt of S$3.8m.
Keppel DC REIT Deal To Lift 2026 Secondary Fundraising Above S$4B
- Keppel DC REIT’s S$625 million private placement will partially finance its acquisition of two hyperscale data centres in Tokyo.
- Secondary fundraising in Singapore is set to exceed S$4 billion in 2026, led by large REIT placements.
- The acquisition will increase Japan’s contribution to Keppel DC REIT’s portfolio rental income from 9% to 23%.
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