Category

Singapore

Jan 23
0

Daily Brief Singapore: Grab Holdings , SGX Rubber Future TSR20 and more

By | Daily Briefs, Singapore

In today’s briefing:

  • Grab Holdings (GRAB IJ) – New Fleets and Finance
  • Malaysia Firms Up Base In Rubber With Impressive Nov Production

Grab Holdings (GRAB IJ) – New Fleets and Finance

By Angus Mackintosh

  • Grab Holdings has announced that it will tie up with BYD (1211 HK) to source 50,000 EVs for its ride-hailing fleet, which will help to address car and driver shortages.
  • Drivers will be able to buy the vehicles at favourable prices, with competitive financing packages. Grab’s technology will be built-in to improve driver performance and provide data to improve services. 
  • Grab is also stepping up its efforts in insurance, winning general insurance licences in Singapore and Malaysia, allowing it to offer tailored insurance products to drivers initially but customers later.

Malaysia Firms Up Base In Rubber With Impressive Nov Production

By Vinod Nedumudy

  • Malaysia’s rubber imports clock 103,650 tons in Nov
  • SMR 20 secures lion’s share in rubber exports at 60.4%
  • Signs MoU with Thailand for sustainable rubber production  

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Jan 22
0

Daily Brief Singapore: SIA Engineering, Scilex Holding and more

By | Daily Briefs, Singapore

In today’s briefing:

  • Company Spotlight: SIA Engineering
  • SCLX: 3Q Earnings Beat Estimates

Company Spotlight: SIA Engineering

By Geoff Howie

Company Spotlight: SIA Engineering

SCLX: 3Q Earnings Beat Estimates

By Zacks Small Cap Research

  • SCLX is filling a much-needed area of the health care sector, that of developing non-opioid pain relief products.
  • The company already has commercialized products that are proven to improve patients’ lives.
  • The company announced 3Q2024 earnings that exceeded expectations and continues to look to grow revenues and its portfolio.

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Jan 21
0

Daily Brief Singapore: Keppel Corp, Sabana Industrial REIT, SGX Rubber Future TSR20, Rex International Holding, SGX and more

By | Daily Briefs, Singapore

In today’s briefing:

  • Keppel Ltd: Part V – Transforming into a Global Asset Manager
  • REIT Watch – 24 S-REITs confirm schedule for upcoming earnings season
  • Gloves Power Sri Lankan Rubber Products Export Growth
  • GKE Leads Actives in Early 2025, followed by Rex & Grand Venture Technology
  • Centurion joint chairman David Loh raises his stake in the group

Keppel Ltd: Part V – Transforming into a Global Asset Manager

By Tan Yee Peng

  • Keppel’s Vision 2030, announced in May 2020, envisages that it would become a global asset manager and operator, with Funds Under Management (“FUM”) of S$200bn.
  • In this report we are focusing on Keppel’s private funds, which account for 70% of its current FUM.
  • Based on Keppel’s publicly released materials, Keppel’s strategy to reach their goal is separated into 3 key components.

REIT Watch – 24 S-REITs confirm schedule for upcoming earnings season

By Geoff Howie

  • Schedule of S-REITs Earnings or Business Updates Mapletree Logistics Trust 21-Jan After market Financial Results Keppel REIT 27-Jan After market Financial Results 28-Jan Before market Business Update.

Gloves Power Sri Lankan Rubber Products Export Growth

By Vinod Nedumudy

  • Exports go up in Oct but slips in Nov over dismal tire show
  • EDB focuses on auto component exports strengthening
  • Exporters, manufacturers visit Thailand for updates and avenues

GKE Leads Actives in Early 2025, followed by Rex & Grand Venture Technology

By Geoff Howie

  • Multinational oil exploration and production company Rex International and precision engineering firm Grand Venture Technology have posted the next highest gains.
  • Rex International recorded the highest net institutional inflow relative to market cap over the past 12 sessions, followed by Seatrium, Suntec REIT, LHN, and OKH Global.
  • UtdHampsh Reit USD 0.27 -0.2 379 0.94 0.2% 7 MAINBOARD REITs.

Centurion joint chairman David Loh raises his stake in the group

By Geoff Howie

  • Over the five trading sessions from Jan 10 to Jan 16, institutions were net sellers of Singapore stocks, leading to net institutional outflow of S$184 million, reversing the S$103 million net inflow over the preceding five sessions.
  • Stocks that led the net institutional outflow over the five sessions through to Jan 16 were DBS Group Holdings, CapitaLand Integrated Commercial Trust, Singapore Airlines, Singapore Exchange, Genting Singapore, Venture Corporation, Oversea-Chinese Banking Corporation, Hongkong Land Holdings, Centurion Corporation, and CapitaLand Ascendas REIT.
  • Between Jan 14 and 15, Centurion Corporation Executive Director and Joint Chairman David Loh Kim Kang acquired 10 million shares in two married deals, at S$0.935 per share.

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Jan 18
0

Daily Brief Singapore: SGX Rubber Future TSR20 and more

By | Daily Briefs, Singapore

In today’s briefing:

  • RRII And ATMA Make Rubber Inroads In Northeast

RRII And ATMA Make Rubber Inroads In Northeast

By Vinod Nedumudy

  • RRII’s new clone RRII 417 to give yield of 2080 kg/ha a year
  • INROAD project covers 1,25,272 hectares in four years in NE
  • Northeast share of national production to go up to 32% 

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Jan 16
0

Daily Brief Singapore: Sea and more

By | Daily Briefs, Singapore

In today’s briefing:

  • Aequitas 2025 Asia IPO Pipeline – ASEAN, ANZ, ADRs

Aequitas 2025 Asia IPO Pipeline – ASEAN, ANZ, ADRs

By Sumeet Singh

  • In this note, we will take a look at the Asia Pacific IPO pipeline for 2025, with a look at ASEAN, ANZ and ADRs. 
  • This list has been compiled on a best effort basis from tracking the company filings and through various other sources.
  • The deals you see in this note are only a part of our full IPO pipeline tracker. Feel free to drop us a message for additional information on these IPOs.

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Jan 15
0

Daily Brief Singapore: Marco Polo Marine, SGX Rubber Future TSR20 and more

By | Daily Briefs, Singapore

In today’s briefing:

  • Company Spotlight: Marco Polo Marine
  • New Year Marks Revival In Indian Synthetic Rubber Market

Company Spotlight: Marco Polo Marine

By Geoff Howie

Company Spotlight: Marco Polo Marine

New Year Marks Revival In Indian Synthetic Rubber Market

By Vinod Nedumudy

  • Highlights ·       Auto non-tire and tire sectors stage better show from Dec ·       Indian SR consumption goes up by 10.5% YoY in FY 2024-25 H1 ·       Atma Nirbhar Bharat making cushioning effect on imports   The Indian Synthetic Rubber (SR) sector is reviving in the New Year after the lull until early December, with downstream tire and auto sector demand picking up, leading to a markup in the prices of certain variants.
  • The players in the sector are optimistic about the momentum persisting until the end of the financial year in March 2025.
  •   The SBR prices, which were INR 190/kg on November 1, sharply fell to INR 175/kg by December but are picking up in the new year and have crossed INR 180/kg in early January.

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Jan 14
0

Daily Brief Singapore: SGX Rubber Future TSR20, Keppel REIT and more

By | Daily Briefs, Singapore

In today’s briefing:

  • Experts Offer Insights As Vietnam Joins PEFC For EUDR Rubber
  • REIT Watch – Larger S-Reits rank among those with highest net retail inflows in 2024

Experts Offer Insights As Vietnam Joins PEFC For EUDR Rubber

By Vinod Nedumudy

  • Highlights ·       VFCS/PEFC certification covers 123,927 ha of rubber plantations ·       PEFC EUDR Due Diligence System shows the way for Vietnam ·       Experts point to offer of premium as new opportunity   In its efforts to align with the European Union Deforestation Regulation (EUDR), Vietnam has made significant strides through the Vietnam Forest Certification System (VFCS) and its partnership with the Programme for the Endorsement of Forest Certification (PEFC).
  •   Giving Vietnam Forest Certification Office’s (VFCO’s) insights on navigating EUDR, Dr. Nguyen Hoang Tiep, Deputy Director, VFCO, said at the Vietnam Rubber Dinner 2024 Seminar held at White Palace Convention Centre in Ho Chi Minh City on December 12 that the VFCO-PEFC efforts aim to ensure sustainable forestry practices and facilitate compliance with stringent international requirements for deforestation-free commodities.
  •   Vietnam became the 50th member of the PEFC in 2019, marking an important step in integrating international standards into its forestry sector.

REIT Watch – Larger S-Reits rank among those with highest net retail inflows in 2024

By Geoff Howie

  • Retail investors have been net buyers of real estate investment trust (S-REITs) in 2024 amid volatile performance for the sector during the year.
  • These investors net bought some S$1.6 billion across the sector in 2024, bringing their total net inflows into S-REITs over the past five years to over S$6 billion.
  • Across the broader Singapore market, the REIT sector was also the sector with the highest net retail inflows in 2024, followed by Real Estate (excluding REITs), which saw around S$400 million in net inflows.

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Jan 11
0

Daily Brief Singapore: SGX Rubber Future TSR20 and more

By | Daily Briefs, Singapore

In today’s briefing:

  • ‘Colorful’ 2024 For Cambodia In Rubber, Tire Sectors

‘Colorful’ 2024 For Cambodia In Rubber, Tire Sectors

By Vinod Nedumudy

  • Highlights ·       Set to finish 2024 with a 30% rise in rubber sale values YoY ·       Exports tires worth US$772.5 million during Jan-Nov 2024 ·       Minister charts course of action for 2025   Cambodia has made impressive strides in 2024, fueled by higher global rubber prices and exceptional progress in its burgeoning tire production and export industry, marking a pivotal step in its transformation into a key player in the global rubber value chain.
  •   The Southeast Asian kingdom earned US$472 million from exports of NR latex during January-October 2024, up 22.5% over the same period the previous year.
  • On the other hand, it gained US$568 million from exports of the product during January-November 2024, up 26.7% over the same period in 2023.

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Jan 10
0

Daily Brief Singapore: Suntec REIT, SGX Rubber Future TSR20 and more

By | Daily Briefs, Singapore

In today’s briefing:

  • Suntec REIT (SUN SP): Tang’s Curious Bump
  • Experts Chart Course For Vietnamese Rubber To EUDR At Seminar

Suntec REIT (SUN SP): Tang’s Curious Bump

By David Blennerhassett

  • Back on the 5th December, Gordan Tang (& his wife Celine) acquired a 2.14% stake in Suntec REIT (SUN SP), lifting their stake to 31.45% from 29.31%, triggering a MGO.
  • This had all the hallmarks of a technical Offer. The Offer price was S$1.16/share compared to the S$1.17/share undisturbed price. The IFA opined the Offer was not fair nor reasonable. 
  • The Tangs have now bumped to S$1.19/share. Terms are not final. The IFA viewpoint won’t budge. This is an opportunistic move from the Tangs. But why not roll the dice?

Experts Chart Course For Vietnamese Rubber To EUDR At Seminar

By Vinod Nedumudy

  • The Vietnam Rubber Seminar held on December 12, 2024, saw experts presenting their assessment of challenges facing the Vietnamese rubber sector in complying with the European Union Deforestation Regulation (EUDR).
  • While rubber industry expert Dr. Tran Thi Thuy Hoa, during her holistic survey, offered actionable tips for Vietnamese operators to tackle EUDR, FSC Vietnam Country Manager Vu Thi Que Anh highlighted the role of FSC Certification in meeting the EU Regulation.
  • Challenges in EUDR compliance Dr. Tran Thi Thuy Hoa said Vietnam’s rubber supply chain remains both complex and fragmented, which poses substantial challenges for EUDR compliance.

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Jan 09
0

Daily Brief Singapore: SGX Rubber Future TSR20, Grab Holdings and more

By | Daily Briefs, Singapore

In today’s briefing:

  • Suppliers Suffer As Top Brands Make Fewer Tires
  • Grab Holdings: Financial Services Expansion & Loan Growth As A Strategic Growth Enabler!

Suppliers Suffer As Top Brands Make Fewer Tires

By Farah Miller

  • Tire production volumes are declining
  • Major tire manufacturers are closing/withdrawing from the Chinese truck tire market
  • Emerging competitors are expanding capacity, challenging established suppliers 

Grab Holdings: Financial Services Expansion & Loan Growth As A Strategic Growth Enabler!

By Baptista Research

  • Grab Holdings Limited recently presented its Q3 2024 financial performance, showcasing a complex mix of achievements and challenges.
  • The company highlighted several key metrics tied to its operations and future prospects, amid an increasingly competitive landscape, particularly in Southeast Asia.
  • The quarter reflected substantial growth in core business areas.

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