In today’s briefing:
- Yangzijiang Shipbuilding (YZJSGD SP) Rolls Over As The US Seeks To Curb China’s Shipping Dominance
- Cambodia Wraps Up 2024 With A Flourish In Rubber – In Exports And At Home
- Tech Sector’s Recent Influence on Singapore’s Mid-to-Small Cap Stocks
- Finmo’s unified treasury platform attracts US$18.5M from global VCs | e27
Yangzijiang Shipbuilding (YZJSGD SP) Rolls Over As The US Seeks To Curb China’s Shipping Dominance
- After the United States Trade Representative’s (USTR) office proposed a raft of fees and other shipping restrictions on Chinese vessels, non-SOE Yangzijiang Shipbuilding (YZJSGD SP) is down 16%.
- Port entrance fees include up to US$1mn/vessel owned by Chinese transport operators; and non-Chinese transport operators operating Chinese-built vessels would pay up to US$1.5mn per port entry
- Fees are currently preliminary, and may, as witnessed in recent Trump policies, be a bargaining chip rather than firm action. If enacted, these measures would curtail a promising Chinese export.
Cambodia Wraps Up 2024 With A Flourish In Rubber – In Exports And At Home
- Rubber latex exports value goes up to US$666.25 million in 2024
- Average yearly rubber price marks a 47% YoY surge to US$1,971/mt
- Domestic tire firms consume 58,000 tons of rubber in 2024
Tech Sector’s Recent Influence on Singapore’s Mid-to-Small Cap Stocks
- Singapore’s Mid-to-Small Cap group averaged S$40 million daily trading turnover, with Technology stocks contributing 35% over 8 weeks.
- UMS, CSE Global, and Valuetronics ranked among the top 10 Mid-to-Small Cap stocks with highest net institutional inflow.
- PC Partner Group anticipates FY24 net profit of at least HK$250 million, up from HK$60 million in FY23.
Finmo’s unified treasury platform attracts US$18.5M from global VCs | e27
- Finmo, an all-in-one treasury operating system (TOS), has announced an oversubscribed US$18.5 million Series A funding round, bringing its total funding to US$27 million.
- The round was co-led by Quona Capital and PayPal Ventures, with participation from Citi Ventures.
- The Singaporean startup will use the capital to accelerate its product development, invest in AI capabilities, and expand its global reach.
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