Daily Brief Singapore: Haw Par Corp, Rubber Future SGX TSR20, Rex International Holding, Aztech Global and more

• Haw Par is a Singapore-listed group built around two very different engines.
• The first is Healthcare, which owns and markets the Tiger Balm and Kwan Loong brands.
• These products are sold across ASEAN, North Asia and global export markets and remain the group’s main operating business. 

Highlights

• Export value rises despite flat shipments

• Corporate earnings buoyed by firm latex prices

• Industry turning to technology and market diversification

According to Vietnam Customs, rubber exports in the first nine months of the year totalled 1.3 million tons worth US$2.32 billion, almost unchanged in volume from a year earlier but up 10.8% in value.

• Rex International Holding is an oil and gas exploration and production (E&P) company with a geographically diversified asset portfolio in Oman, Norway, and Benin.
• The company utilizes a proprietary exploration technology, Rex Virtual Drilling (RVD), to de-risk prospects and identify hydrocarbon deposits, which it views as a key competitive advantage.
• Despite significant revenue growth over the past three years, the company has reported persistent net losses, reflecting the high operational costs, tax burdens in jurisdictions like Norway, and volatility inherent in the E&P sector.

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