In today’s briefing:
- Mirxes IPO Trading Update
- Industrial Evolution: Adapting to Policies and Innovation
Mirxes IPO Trading Update
- Mirxes raised HKD 1086m (USD 140m) from its global offering and will list on the Hong Kong Stock Exchange on Friday, May 23rd.
- In our previous note, we looked at the company’s core gastric cancer early detection products and brief analysis of its valuation.
- In this note, we provide an update for the IPO before trading debut. The free float shares are highly concentrated.
Industrial Evolution: Adapting to Policies and Innovation
- In 2025, Singapore’s Industrials sector saw increased trading activity, with over one-third experiencing over 50% ADT growth.
- ST Engineering led the STI in performance, supported by diversified revenue streams and investments in digital technologies.
- OKP Holdings reported a 95% share price gain, driven by technology integration, productivity boosts, and geographical diversification.
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