In today’s briefing:
- AvePoint Inc: Initiating Coverage
- STI Makes New High at 4,575.91

AvePoint Inc: Initiating Coverage
- 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
- 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.
