In today’s briefing:
- Transforming SME Digitization
- India Synthetic Rubber Demand On Import Leash As Tariffs Begin Biting
Transforming SME Digitization
- We initiate coverage on Info Tech Systems (Info Tech) with a Buy recommendation and a DCF-based target price of SGD 1.17 (33% potential upside).
- Info Tech should generate revenue CAGR of 6.2% in FY25-28 and is likely to generate SGD 18 mn in EBITDA in FY25.
- Info Tech runs a Singapore-based SaaS business targeted at SMEs.
India Synthetic Rubber Demand On Import Leash As Tariffs Begin Biting
- SR demand in FY 2025 surges 9.3%, outpacing 6.1% rise in output
- Imports rise nearly 17% YoY to 413,627 tons in FY 2024-25
- Reclaimed Rubber consumption up 8.55% to 167,500 tons
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