Singapore

• European bodies agree to dump ‘no risk’ category of countries
• Dec 30 is deadline for endorsing delay by publishing in official journal 
• ETRMA, GPSNR ask European Parliament to solve remaining issues

• The core business continues to perform well  with a growing  order backlog
• Due to the company’s historical issues it has hugely underperformed its smaller peers
• The disconnect from the oil price provides  asymmetric upside once the overhang clears

• Christopher Borch, CEO of Micro-Mechanics which produces precision tools and parts for the semiconductor industry, explains its strategies to thrive in an era of artificial intelligence and other changes.
• People who walk into a five-star restaurant or hotel know they will receive the highest quality products and services, and that is the standard that Micro-Mechanics, which manufactures precision tools and parts for the semiconductor industry, has set for itself, says its founder and chief executive officer Christopher Borch.
• Micro-Mechanics is a leading Next Generation Supplier of high precision tools and parts for process-critical applications in the wafer fabrication and assembly processes of the semiconductor industry.

Following Singapore Post’s resilient H1 results in November, the company has now announced that it has agreed to sell its Australian logistics business for an enterprise value of c A$1bn to a private equity investor. The disposal is likely to result in the reporting of a gain on disposal of over S$300m. The proceeds are likely to be used to pay down debt and to potentially pay a special dividend to shareholders.

• Over the five trading sessions from Nov 22 to 28, institutions were net buyers of Singapore stocks, resulting in a net institutional inflow of S$188 million, reversing the net outflow of S$38 million observed over the five preceding sessions up to Nov 21.
• Stocks that led the net institutional inflow over the five sessions through to Nov 22 were Yangzijiang Shipbuilding Holdings, Oversea-Chinese Banking Corporation, Keppel, CapitaLand Integrated Commercial Trust, Singapore Exchange, United Overseas Bank, Seatrium, Jardine Matheson Holdings, Eneco Energy and Thai Beverage Public Co.
• On Nov 22, Lim Keen Ban Holdings Pte Ltd acquired 1.6 million shares of Cortina Holdings at S$2.90 per share.

• Q2 FY 2025 sees NR prices hitting all-time high of INR 247/kg
• Revenue of MRF, Apollo and CEAT goes up YoY; of JK Tyre dips
• Tire prices hiked to mitigate impact of NR price rises

• Inventory lowest in 13th months
• Arbitrage widens for African and Indonesian rubber
• Frontloading resulted in spike in exports

• INROAD project prompts Tripura to extend CM’s Rubber Mission
• Nagaland aims to cover 30,000 hectares with rubber by 2030
• Northeast starts getting saplings from its own nurseries

• With 42 years under its belt, ERA Asia Pacific, a wholly owned subsidiary by APAC Realty, embraces technology to empower agents in delivering elevated services with a personal touch.
• In recent years, APAC Realty – which operates a real estate brokerage in Singapore under the ERA brand – has embraced technology, viewing digital tools not as threats but assets to support its agents and enhance their work.
• Together, agents from ERA Asia Pacific account for 57.4% of ERA’s global network of real estate agents.

• Short term supply shortage 
• US and EU demand uncertain
• Shipping cost spike in short term ahead of Trump’s tariff drive

• • SMBC’s worldwide network and specialised pricing will enhance the liquidity of Asian currencies on SGX FX’s eFX trading solutions platform for global buyside institutions.
• SMBC was the first Japanese mega bank to stream prices directly to SGX FX clients and now extends this to SGX CurrencyNode, an electronic communication network operated by SGX FX.
• About Sumitomo Mitsui Banking Corporation (SMBC) Headquartered in Tokyo, Sumitomo Mitsui Banking Corporation (SMBC) is a leading global financial institution and a core member of Sumitomo Mitsui Financial Group (SMBC Group).

• 10 Questions for https://investors.sgx.com/_security-types/stocks/HQU What is Oiltek’s business about and what are some key business segments? The company operates three key segments: Edible & Non-Edible Oil Refinery, Renewable Energy, and Product Sales and Trading.
• Opportunities in growing business segments – The push in countries like Indonesia and Malaysia to use biodiesel, and the increasing adoption of SAF in the global airline industry spells opportunities for our Renewable Energy segment.

• This is the third report issued by CML on Keppel’s transformation to a global asset manager per its Vision 2030.
• CML has earlier issued two reports on this subject. The first examines the lack of disclosure by Keppel on critical information and data pertaining to its asset management business.
• This is disappointing as Keppel is almost halfway to its fund under management (‘FUM”) target of S$200bn, and we include peers which are similar in size.

• Latex export revenue posts 18% growth YoY during Jan-Sept
• Tire industry can consume 200,000 tons of latex a year at present
• Govt placing a lot of attention on research, downstream foray

• Over the five trading sessions from Nov 15 to 21, institutions were net sellers of Singapore stocks, resulting in a net institutional outflow of S$38 million.
• This marked a slight reversal from the net inflow of S$384 million observed over the five preceding sessions up to Nov 14.
• Stocks that led the net institutional outflow over the five sessions through to Nov 22 were CapitaLand Integrated Commercial Trust, CapitaLand Ascendas REIT, DBS Group Holdings, Yangzijiang Shipbuilding Holdings, Genting Singapore, Mapletree Logistics Trust, Frasers Logistics & Commercial Trust, Keppel DC REIT, Wilmar International and Keppel REIT.

• Oneteam, a Singapore-based startup focused on transforming succession at small and medium-sized enterprises (SMEs) through employee ownership, has raised SGD 3.5 million (US$2.6 million) in seed funding.
• Wavemaker Ventures, the early-stage fund of Wavemaker Partners, led the round.
• About 70 per cent of the funding will be used to acquire small businesses, while the remaining funds will be used to build a strong core team and infrastructure to provide shared services for its portfolio.