Daily BriefsSingapore

Daily Brief Singapore: AvePoint, Singtel (Singapore Telecommunications) and more

In today’s briefing:

  • AvePoint Inc: Initiating Coverage
  • STI Makes New High at 4,575.91


AvePoint Inc: Initiating Coverage

By ICAM

  • AvePoint is a global subscription software company that helps organizations manage, protect and govern collaboration data sitting in cloud platforms such as Microsoft 365 and other SaaS tools.
  • Its platform combines backup, data protection, governance and modernization so that customers can keep using these tools and newer AI features without losing control of security or compliance.
  • In 2024 it generated US$330m of revenue, up 22% from 2023, with SaaS contributing roughly 70% of the total and recurring revenue 87%.

STI Makes New High at 4,575.91

By Geoff Howie

  • STI ETFs saw a 36% year-on-year AUM increase to S$3.38 billion, with S$349 million net inflows year-to-date.
  • STI banks’ combined Non-Interest Income exceeded S$5 billion in 3Q25, with DBS, OCBC, and UOB comprising 50.4% of the Index.
  • ST Engineering led STI constituents with an 85% total return and a 74% target price upgrade in 2025.

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