In today’s briefing:
- Ohayo Japan | Defence Shares Lead EU Gains; US Closed
- Singapore Fintech Sector: Good Potential but a Few SGX Listings Thus Far
- Thematic Report: India’s Economy Remain Resilient During Uncertain Times
- Exencial Industry Tidings 01/09/2025
Ohayo Japan | Defence Shares Lead EU Gains; US Closed
- US stocks and Treasuries were closed for the Labor Day holiday; US stock futures rebounded 0.2%
- In Europe, defense shares led gains, with BAE Systems and Rheinmetall surging after reports of European plans for post-conflict deployments in Ukraine
- Niterra agreed to acquire Denso’s automotive plug business for 180 billion yen
Singapore Fintech Sector: Good Potential but a Few SGX Listings Thus Far
- The global fintech industry has had a long history but momentum gathered pace only with the advent of smartphones in the 1990s and modern artificial intelligence in the 2010s. Current market size is estimated at around USD320bn.
- Singapore’s fintech industry took off in the 2010s with the support of government initiatives. Depending on definition and scope, there is a wide range in the estimated size of the industry in Singapore, but likely to be in the range of USD10-30bn. Importantly, industry projections point to double-digit annual growth in the coming years.
- The key players in the Singapore fintech sector include traditional and digital banks, an array of private companies, and a handful of SGX listed counters.
Thematic Report: India’s Economy Remain Resilient During Uncertain Times
- India’s National Statistical Office reported 7.8% real GDP growth for Q1 FY26 (Apr–Jun 2025), a clear beat versus a Reuters poll at 6.7% and above Q4’s 7.4%
- Economists point to a softer deflator, solid government capex, and front-loaded exports ahead of tariff implementation. Even so, the level of real activity was strong relative to expectations.
- Strong domestic parameters like GST and PMI, points towards strong domestic demand despite tariff and export uncertainty.
Exencial Industry Tidings 01/09/2025
- IMD predicts crop damage due to above-normal rains in Sept 2025
- Tea prices in auction centers across India fall 13% in August 2025
- Russia boosts fertiliser exports to India by 20% in January-June 2025
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