Singapore

• Gordan Tang (& his wife Celine) acquired 2.14% in Suntec REIT (SUN SP), lifting their stake to 31.45% from 29.31%, triggering a MGO.
• The Offer Price is $1.16/share against a recent close of $1.17. The Offer will be conditional on a 50% acceptance hurdle. That’s it. This is purely a technical Offer. 
• Share popped 7% on the news, and closed up ~5%. This appears unwarranted. Tang is not going to take Suntec private. But ESR Group (1821 HK) may be exiting. 

• KEPPEL INFRASTRUCTURE TRUST (KIT) is an infrastructure trust listed in Singapore. KIT is managed by Keppel Infrastructure Fund Management Pte Ltd (KIFM) and is sponsored by Keppel, a global asset manager and operator. KIFM is a wholly-owned subsidiary of Keppel.
• The Trustee-Manager, KIFM, has dual responsibility of safeguarding the interests of KIT Unitholders, and managing the business conducted by KIT.
• The Trustee-Manager has general powers of management over the business and the assets of KIT and its main responsibility is to manage KIT’s assets and liabilities for the benefit of Unitholders as a whole.

• FAQ and guidance documents bring clarity
• Synthetic rubber out of the purview of EUDR
• Allows for rubber suppliers in countries like Vietnam and Indonesia to catch up

• European bodies agree to dump ‘no risk’ category of countries
• Dec 30 is deadline for endorsing delay by publishing in official journal 
• ETRMA, GPSNR ask European Parliament to solve remaining issues

• The core business continues to perform well  with a growing  order backlog
• Due to the company’s historical issues it has hugely underperformed its smaller peers
• The disconnect from the oil price provides  asymmetric upside once the overhang clears

• Christopher Borch, CEO of Micro-Mechanics which produces precision tools and parts for the semiconductor industry, explains its strategies to thrive in an era of artificial intelligence and other changes.
• People who walk into a five-star restaurant or hotel know they will receive the highest quality products and services, and that is the standard that Micro-Mechanics, which manufactures precision tools and parts for the semiconductor industry, has set for itself, says its founder and chief executive officer Christopher Borch.
• Micro-Mechanics is a leading Next Generation Supplier of high precision tools and parts for process-critical applications in the wafer fabrication and assembly processes of the semiconductor industry.

Following Singapore Post’s resilient H1 results in November, the company has now announced that it has agreed to sell its Australian logistics business for an enterprise value of c A$1bn to a private equity investor. The disposal is likely to result in the reporting of a gain on disposal of over S$300m. The proceeds are likely to be used to pay down debt and to potentially pay a special dividend to shareholders.

• Over the five trading sessions from Nov 22 to 28, institutions were net buyers of Singapore stocks, resulting in a net institutional inflow of S$188 million, reversing the net outflow of S$38 million observed over the five preceding sessions up to Nov 21.
• Stocks that led the net institutional inflow over the five sessions through to Nov 22 were Yangzijiang Shipbuilding Holdings, Oversea-Chinese Banking Corporation, Keppel, CapitaLand Integrated Commercial Trust, Singapore Exchange, United Overseas Bank, Seatrium, Jardine Matheson Holdings, Eneco Energy and Thai Beverage Public Co.
• On Nov 22, Lim Keen Ban Holdings Pte Ltd acquired 1.6 million shares of Cortina Holdings at S$2.90 per share.

• Q2 FY 2025 sees NR prices hitting all-time high of INR 247/kg
• Revenue of MRF, Apollo and CEAT goes up YoY; of JK Tyre dips
• Tire prices hiked to mitigate impact of NR price rises

• Inventory lowest in 13th months
• Arbitrage widens for African and Indonesian rubber
• Frontloading resulted in spike in exports

• INROAD project prompts Tripura to extend CM’s Rubber Mission
• Nagaland aims to cover 30,000 hectares with rubber by 2030
• Northeast starts getting saplings from its own nurseries

• With 42 years under its belt, ERA Asia Pacific, a wholly owned subsidiary by APAC Realty, embraces technology to empower agents in delivering elevated services with a personal touch.
• In recent years, APAC Realty – which operates a real estate brokerage in Singapore under the ERA brand – has embraced technology, viewing digital tools not as threats but assets to support its agents and enhance their work.
• Together, agents from ERA Asia Pacific account for 57.4% of ERA’s global network of real estate agents.

• Short term supply shortage 
• US and EU demand uncertain
• Shipping cost spike in short term ahead of Trump’s tariff drive

• • SMBC’s worldwide network and specialised pricing will enhance the liquidity of Asian currencies on SGX FX’s eFX trading solutions platform for global buyside institutions.
• SMBC was the first Japanese mega bank to stream prices directly to SGX FX clients and now extends this to SGX CurrencyNode, an electronic communication network operated by SGX FX.
• About Sumitomo Mitsui Banking Corporation (SMBC) Headquartered in Tokyo, Sumitomo Mitsui Banking Corporation (SMBC) is a leading global financial institution and a core member of Sumitomo Mitsui Financial Group (SMBC Group).

• 10 Questions for https://investors.sgx.com/_security-types/stocks/HQU What is Oiltek’s business about and what are some key business segments? The company operates three key segments: Edible & Non-Edible Oil Refinery, Renewable Energy, and Product Sales and Trading.
• Opportunities in growing business segments – The push in countries like Indonesia and Malaysia to use biodiesel, and the increasing adoption of SAF in the global airline industry spells opportunities for our Renewable Energy segment.