Daily Brief Singapore: SGX Rubber Future TSR20, CNMC Goldmine Holdings, Nippecraft Ltd and more

• Vietnam exports 1.12 million tons of rubber in Jan–Aug  
• Exports to China up 5.9% in volume; value surges 22%  
• Typhoon Kajiki causes brief disruptions, but exports stay firm  

• Among Singapore’s 100 most traded stocks, 22 have a combined ADT of S$42.9 million and market cap of S$8.15 billion.
• Industrials, Technology, and Energy sectors make up nearly 80% of these stocks, reflecting global trends in infrastructure, AI, and renewables.
• The 22 stocks recorded a net institutional inflow of S$132.35 million in 2025, led by CSE Global.

• Nippecraft is navigating a challenging environment characterized by secular declines in its core stationery business, evidenced by a consistent fall in revenue over the past three years. The company’s strategy to counteract this involves diversification into pulp trading and a focus on lifestyle branding.
• Despite falling sales, the company has demonstrated an ability to grow net income and EPS over medium-to-long term horizons, suggesting successful cost control and restructuring efforts. However, recent profitability is thin and cash flow generation remains a significant concern, with negative operating and free cash flow in the latest fiscal year.
• Valuation appears attractive on a price-to-book basis, trading at a significant discount to its book value. This may appeal to value-oriented investors, but the low valuation reflects substantial risks, including the structural decline of the paper products industry and intense competitive pressure.

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