Category

Singapore

Daily Brief Singapore: Sri Trang Gloves (Thailand) Public Company Limited and more

By | Daily Briefs, Singapore

In today’s briefing:

  • 5 in 5 with Sri Trang Gloves Thailand – Touch Of Life


5 in 5 with Sri Trang Gloves Thailand – Touch Of Life

By Geoff Howie

5 in 5 with Sri Trang Gloves Thailand – Touch Of Life

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Daily Brief Singapore: Sheng Siong, SGX and more

By | Daily Briefs, Singapore

In today’s briefing:

  • Sheng Siong (SSG SP): Steady At Execution, Good Long-Term Play
  • Singapore Code of Conduct for ESG Ratings Is Less Risk and More Reward


Sheng Siong (SSG SP): Steady At Execution, Good Long-Term Play

By Sameer Taneja

  • It attracts investors when a company’s 15-year ROCE averages over 25% (and has never gone below 20%). Sheng Siong (SSG SP) is one of those companies.
  • With 13% of the market capitalization in net cash (283 mn SGD) and a payout ratio averaging 70%, the stock trades at a yield of almost 4%.
  • We believe the store expansion of 3-4 stores/year ( on a base of 67) in Singapore is possible, given the pipeline of HDB tenders.

Singapore Code of Conduct for ESG Ratings Is Less Risk and More Reward

By Kyle Rudden

  • The Monetary Authority of Singapore (MAS) recently launched a public consultation regarding a Code of Conduct for ESG ratings providers and ESG data product providers in Singapore.
  • It is the right approach for Singapore – a voluntary best-practices framework furthering one of the world’s most credible “green” economies, not a regulatory force-fix of something broken.
  • No surprise ratings methodology changes. No en masse upgrades/downgrades. No acute shocks to the system. Just slow and steady progress for ESG investing and finance in Singapore.

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Daily Brief Singapore: China Jinmao Holdings and more

By | Daily Briefs, Singapore

In today’s briefing:

  • Morning Views Asia: China Jinmao Holdings, Sunny Optical Technology Group, Tata Motors ADR


Morning Views Asia: China Jinmao Holdings, Sunny Optical Technology Group, Tata Motors ADR

By Charles Macgregor

Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.


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Daily Brief Singapore: Propnex Ltd and more

By | Daily Briefs, Singapore

In today’s briefing:

  • kopi-C with CEO of PropNex: ‘We’ve built a culture that can’t be replicated’


kopi-C with CEO of PropNex: ‘We’ve built a culture that can’t be replicated’

By Geoff Howie

  • kopi-C with CEO of PropNex: ‘We’ve built a culture that can’t be replicated’ So firmly ingrained is this belief in informed decision-making that PropNex’s CEO Mohamed Ismail Gafoor has been advocating consumer education in the last ten years.
  • As an integrated real estate services group, PropNex’s key business segments include real estate brokerage, training, property management and real estate consultancy.

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Daily Brief Singapore: HT Media Ltd and more

By | Daily Briefs, Singapore

In today’s briefing:

  • 10 in 10 with NoonTalk Media – Going Regional


10 in 10 with NoonTalk Media – Going Regional

By Geoff Howie

10 in 10 with NoonTalk Media – Going Regional

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Daily Brief Singapore: Healthway Medical Corp and more

By | Daily Briefs, Singapore

In today’s briefing:

  • Healthway Medical (HMED SP): OUE Healthcare’s Delisting Offer


Healthway Medical (HMED SP): OUE Healthcare’s Delisting Offer

By Arun George

  • Healthway Medical Corp (HMED SP) received a delisting proposal from OUE Lippo Healthcare (IHC SP) at S$0.048 per share, a 45.5% premium to the undisturbed price (28 June).
  • The key conditions are HMED shareholder approval and the offeror and concert parties representing >50% of voting rights (satisfied due to irrevocables).
  • The offer price is attractive. The EGM is likely to be held in late September. The current price of S$0.046 implies a gross spread of 4.3%.

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Daily Brief Singapore: Bonvests Holdings, Far East Hospitality Trust, Frontline Industrial Software and more

By | Daily Briefs, Singapore

In today’s briefing:

  • Malaysia’s EPF lifts its AEM stake, crossing 10% level
  • REIT Watch – 10 S-REITs buck the trend despite REITs lagging in June
  • Cocoon Capital invests in AI-powered construction planning simulation platform Frontline


Malaysia’s EPF lifts its AEM stake, crossing 10% level

By Geoff Howie

  • Share buybacks by primary listed companies 23 – 29 Jun 2023 As at Jun 28, the three SDR collectively garnered close to S$0.2 million retail net inflows, with largest net buys in Airports of Thailand.
  • His preceding acquisitions were on Jun 6 and 5, with 17,000 shares and 6,800 shares acquired respectively, at S$0.96 per share.

REIT Watch – 10 S-REITs buck the trend despite REITs lagging in June

By Geoff Howie

  • 10 S-Reits buck the trend despite Reits lagging in June The month of June (till Jun 28, 2023) saw the iEdge S-Reit index record flattish performance at 0.3 per cent total returns for the month, improving from the 3.0 per cent declines in May.
  • The 10 best performing S-Reits for the month of June (till Jun 28, 2023) averaged over 7 per cent in total returns.

Cocoon Capital invests in AI-powered construction planning simulation platform Frontline

By e27

  • Singapore-based construction planning simulation and optimisation startup Frontline Industrial Software has raised US$700,000 in a seed funding round led by Cocoon Capital.
  • Frontline, founded by Luis Martinez and Ruiqi Ding, enables construction companies, operators and contractors to quickly identify best-in-class construction plans with optimal activity sequencing and resource allocation.
  • The software uses Artificial Intelligence to identify the most efficient and cost-effective construction plans for complex infrastructure, civil, energy, industrial and residential projects.

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Daily Brief Singapore: Singapore Airlines and more

By | Daily Briefs, Singapore

In today’s briefing:

  • ECM Weekly (2nd July 2023) – Tryt, J&T Express, Redox, Kelun, 4Paradigm, SIA, M&A Research, Walsin


ECM Weekly (2nd July 2023) – Tryt, J&T Express, Redox, Kelun, 4Paradigm, SIA, M&A Research, Walsin

By Sumeet Singh

  • Aequitas Research puts out a weekly update on the deals that were covered by the team recently along with updates for upcoming IPOs.
  • In the IPO space, Tryt Inc (9164 JP) will announce its price range in the coming week, while Kelun Biotech tries to break the US$100m+ deal silence in HK. 
  • On the placement front, even Singapore joined in the placement action this week, with only HK deal remaining absent over the past month.

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Daily Brief Singapore: Mandarin Oriental International and more

By | Daily Briefs, Singapore

In today’s briefing:

  • APAC Luxury Industry Series: Luxury Travel Shines Amid Challenges for Traditional Luxury Goods


APAC Luxury Industry Series: Luxury Travel Shines Amid Challenges for Traditional Luxury Goods

By Oshadhi Kumarasiri

  • While traditional luxury brands may encounter challenges as affluent Chinese consumers shift to local high-end brands, there are still opportunities within small niches in the luxury sector.
  • Luxury travel, driven by trends like micro trips and the increasing number of High-Net-Worth Individuals, represents a potential area of growth in the luxury sector.
  • The thriving luxury travel market opens up investment potential in sectors such as luxury hotels and premium cosmetics.

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Daily Brief Singapore: Singapore Airlines, IREIT Global and more

By | Daily Briefs, Singapore

In today’s briefing:

  • SIA Placement – Selldown Isn’t Particularly Well Flagged. Overhang Is Too Large to Ignore
  • Smartkarma Corporate Webinar | IREIT Global: Dividend Quality in a Challenging Market


SIA Placement – Selldown Isn’t Particularly Well Flagged. Overhang Is Too Large to Ignore

By Clarence Chu

  • Napier (Temasek) is looking to raise around US$300m via its secondary selldown in Singapore Airlines (SIA SP).
  • The deal isn’t very well flagged given that the investor hadn’t earlier given any explicit guidance of a selldown. 
  • Post-Selldown, Temasek will still own over 50% of SIA’s shares outstanding, so the overhang will be a large one.

Smartkarma Corporate Webinar | IREIT Global: Dividend Quality in a Challenging Market

By Smartkarma Research

For our next Corporate Webinar we are glad to welcome IREIT Global’s CEO, Louis d’Estienne d’Orves.

In the upcoming webinar, Louis will share a short company presentation after which, he will engage in a fireside chat with Smartkarma Insight Provider, Jesus Rodriguez Aguilar. The Corporate Webinar will include a live Q&A session.

The Corporate Webinar will be hosted on Thursday, 6 July 2023, 17:00 SGT.

About IREIT Global

IREIT Global, which was listed on 13 August 2014, is the first Singapore-listed real estate investment trust with the investment strategy of principally investing, directly or indirectly, in a portfolio of income-producing real estate in Europe which is used primarily for office, retail and industrial (including logistics) purposes, as well as real estate-related assets. IREIT Global’s current portfolio comprises five freehold office properties in Germany, five freehold office properties in Spain and 27 freehold retail properties in France.

IREIT Global is managed by IREIT Global Group Pte. Ltd., which is jointly owned by Tikehau Capital and City Developments Limited. Tikehau Capital is global alternative asset management group listed in France, while City Developments Limited is a leading global real estate company listed in Singapore.


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