In today’s briefing:
- 10 in 10 with Bumitama Agri – Driving Productivity In The Palm Oil Sector
- fileAI’s US$14M Series A fuels expansion of AI-driven document automation | e27
- Market Leaders Pursuing Significant Strategic Transformations
10 in 10 with Bumitama Agri – Driving Productivity In The Palm Oil Sector
- Bumitama Agri’s EBITDA margin improved by seven percentage points to 30%, with free cash flow reaching IDR2.1 trillion.
- Bumitama Agri recorded a 2% year-on-year revenue dip in 9M24, with net profit and EBITDA declining by 30% and 22%.
- Bumitama Agri’s dividend policy includes up to a 40% payout ratio, with recent years seeing a 55% payout.
fileAI’s US$14M Series A fuels expansion of AI-driven document automation | e27
- fileAI, a startup specialising in horizontal file processing and AI workflow automation, has announced US$14 million in Series A funding.
- This round, led by returning investors Illuminate Financial, Antler Elevate, Insignia, and Heinemann Group, brought the total funding to over US$20 million.
- The newly acquired funds will boost product development and deepen the company’s expertise in AI file management.
Market Leaders Pursuing Significant Strategic Transformations
- Seatrium reported FY24 net profit of S$200 million, revenue growth of 27%, and proposed a 1.5 cent dividend.
- Singtel’s ST28 strategy focuses on connectivity, digital services, and infrastructure, identifying S$6 billion in monetisable assets.
- CapitaLand Investment aims to scale FUM to S$200 billion by 2028, focusing on asset-light, fee income model.
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