Daily Brief Singapore: Lincotrade & Associates, Rubber Future SGX TSR20, RedDoorz, ISDN and more

• Record FY26 delivery, in line with guidance.
• Lincotrade closed FY26 with revenue up 75.8% YoY to S$129.5 million, led by commercial revenue rising 84.0% to S$121.6 million as a record order book was billed out.
• Net profit attributable to shareholders more than tripled, rising 215.3% to S$8.1 million, as gross profit climbed 87.1% to S$17.3 million and gross margin expanded 0.8 percentage points to 13.3% on a richer commercial mix.

Highlights

• MRF reports a 10% increase in revenue but a 6.52% decline in net profit 

• Apollo records strongest YoY quarterly growth in 14 quarters, at 15.6%

• JK Tyre and CEAT see profitability contract sharply despite continued demand momentum

• RedDoorz (REDDOORZ SP) operates a leading multi-brand budget hospitality network across Southeast Asia with over 3,800 properties across 257 cities, anchored primarily in the high-density markets of Indonesia and the Philippines.
• The company has executed an operational turnaround, achieving positive cash flow and pre-tax earnings of US$9.6 million in FY24 driven by its proprietary RedPilot AI yield management platform, disciplined operating expense optimization, and growing high-margin ancillary micro-products.
• Management is actively preparing for a 2027 mainboard listing on the Singapore Exchange (SGX) to raise US$50 million to US$100 million, supporting a strategic pivot toward up to 150 company-operated hotels in Indonesia alongside an acquisition-led regional expansion across APAC.

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• Retail investors net bought S$888 million of Singapore stocks, increasing 2026 net retail inflow from S$3.13 billion to S$4.02 billion.
• ISDN Holdings recorded the highest net retail inflow relative to market capitalisation, despite a 12.8% share price decline.
• REITs, SingPost, ComfortDelGro, and SATS were among top stocks for net retail buying relative to market capitalisation.