Daily Brief Singapore: Info-Tech Systems, JustCo Holdings, Rubber Future SGX TSR20, United Hampshire US, Tazapay and more

• Info-Tech System’s (ITS) Services revenue rose from S$5.3m in FY2024 to S$15.0m in FY2025, a rise of S$9.7m against a group rise of S$12.8m, so services contributed 76% of what the group added that year.
• The five filed six-month periods put that rise in one of them: Services reached S$12.7m in the 2HFY2025 and came back to S$4.9m in 1HFY2026 a fall of 61%, while group revenue fell 20%.
• The FY2025 increase sits in one six-month period and in one revenue heading, and it has not happened again.

• The group’s reported loss narrowed by US$0.89m in the six months to 30 June 2026.
• None of it came from the four regions.
• The Others segment went from a US$4.30m loss to US$0.59m of profit over the same period, a gain of US$4.89m, while Southeast Asia, North Asia, Australia and India together went backwards by US$4.00m. 

Highlights

• June rubber exports surge 54.1% month-on-month to 114,010 tonnes

• China shipments fall 21.5% in H1, while Indonesia jumps 143.7%

• Rubber-product exports rise 13.4% in H1 to US$802.5 million

• Indonesia emerged as the second-largest destination by volume in the first half, with shipments jumping 143.7% to 47,782 tonnes.

• Two sets of numbers describe this trust.
• What the buildings earn improved in 1HFY2026: Gross revenue rose 5.8%, net property income 6.4%, and committed occupancy held at 97.6%.
• What reaches a unit after the lenders, the manager and the buildings themselves are paid got worse: The distribution per unit rose 3.4% against the same six months last year but fell 6.1% against the six months before it, net asset value per unit fell, and cash cover halved.

• Tazapay has established itself as a high-growth cross-border payment infrastructure provider, bridging localized emerging-market payment rails with digital-native settlement architectures (including USDC) across more than 70 markets and 173 card destinations.
• The company’s annualized Total Payment Volume (TPV) has scaled rapidly past US$25 billion, supported by a 300% year-over-year trajectory, achieving operational breakeven driven by strong enterprise and B2B marketplace adoption.
• Circle’s US$400 million acquisition agreement validates Tazapay‘s proprietary regulatory and settlement moat, anchored by its Monetary Authority of Singapore (MAS) Major Payment Institution license and an expanding multi-jurisdictional compliance framework.

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