Category

Singapore

Daily Brief Singapore: Credit Bureau Asia, SGX Rubber Future TSR20, Charge+, Dyna Mac Holdings and more

By | Daily Briefs, Singapore

In today’s briefing:

  • Credit Bureau Asia: Good Fundamentals Even Better Valuations
  • [Op-Ed] Tire Market And The Environment Why All The Fuss About 6PPD
  • TNB Aura joins US$8M Series A round of EV charging operator Charge+ | e27
  • 10 in 10 with Dyna-Mac – Global Multi-Disciplinary Contractor for the Energy Market


Credit Bureau Asia: Good Fundamentals Even Better Valuations

By Pyari Menon

  • Credit Bureau Asia (CBA SP) subscription-based services and transaction fees generate consistent, recurring revenue from financial institutions and other businesses, ensuring significant financial stability and strong financial metrics.
  • Regulatory relationships, vast data repositories, and long-standing client relationships and contracts create significant competitive advantages and protect market share.
  • If markets can get comfortable with this microcap delivering 3% long-term growth forecast and sustainability of current operating and financial metrics the stock should see at least100% upside.  

[Op-Ed] Tire Market And The Environment Why All The Fuss About 6PPD

By Farah Miller

  •  A chemical used in tire manufacture has been causing controversy since 2020.  
  •  The United States Tire Manufacturers Association (USTMA) is investigating a series of potential alternatives, following new legislation from California that requires any company selling tires in California to either declare that they do not contain 6PPD, or demonstrate that they are seriously seeking alternatives.  
  • As of now, no major fines have been imposed on tire manufacturers specifically for 6PPD use, but there is growing regulatory scrutiny, particularly in regions like the Pacific Northwest where environmental harm has been documented.

TNB Aura joins US$8M Series A round of EV charging operator Charge+ | e27

By e27

  • Singapore-based electric vehicle (EV) charging operator Charge+ has received an undisclosed sum from TNB Aura to complete its US$8 million Series A round.
  • The startup, which operates over 2,000 EV charging points across Southeast Asia, will use the funds to expand its charging infrastructure.
  • The startup received an undisclosed sum in a Series A round led by TRIVE Venture Capital in October 2023.

10 in 10 with Dyna-Mac – Global Multi-Disciplinary Contractor for the Energy Market

By Geoff Howie

  • 10 Questions for Dyna-Mac What is Dyna-Mac’s business about and what are some key business divisions? Dyna-Mac is a global multi-disciplinary contractor specialising in engineering, procurement, fabrication, construction, and onshore pre-commissioning and commissioning of offshore topside modules and facilities.
  • Through these Q&As, management will discuss current business objectives, key revenue drivers as well as the industry landscape.

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Daily Brief Singapore: SGX Rubber Future TSR20, Lippo Malls Indonesia Retail Trust, Far East Orchard and more

By | Daily Briefs, Singapore

In today’s briefing:

  • Prices Dip Fast In India; Tire Makers Suffer In First Half Of FY 2024 25
  • REIT Watch – S-Reits log best quarterly performance since 2020 with double-digit returns in Q3
  • Buybacks continue at moderate pace; Far East Orchard chair acquires shares


Prices Dip Fast In India; Tire Makers Suffer In First Half Of FY 2024 25

By Vinod Nedumudy

  • NR prices surge over 33% YoY during April-August 2024
  • In FY 2024-25 Q1, operating margin of top five tire firms falls ~200 basis points to 14%
  • NR prices in downward trend in Oct amid a surge in supply

REIT Watch – S-Reits log best quarterly performance since 2020 with double-digit returns in Q3

By Geoff Howie

  • S-Reits log best quarterly performance since 2020 with double-digit returns in Q3 Meanwhile, the iEdge S-Reit Index rallied 14.7 per cent in its best quarterly performance since its inception in 2010.
  • Prior to this, the index’s best quarterly performance was in Q2 2020, when it rose 14.1 per cent.

Buybacks continue at moderate pace; Far East Orchard chair acquires shares

By Geoff Howie

  • Share buybacks by primary-listed companies The five sessions also saw 16 primary-listed companies conduct buybacks with a total consideration of S$20.2 million, similar to the consideration in the preceding week.
  • Sats maintains that repurchased shares held in treasury can be transferred for share schemes without diluting existing shares.

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Daily Brief Singapore: Temasek Holdings Pte Ltd and more

By | Daily Briefs, Singapore

In today’s briefing:

  • Temasek’s USD1Bn+ Bite into India’s Booming Snack Food Sector.Top Listed Stocks to Watch


Temasek’s USD1Bn+ Bite into India’s Booming Snack Food Sector.Top Listed Stocks to Watch

By Devi Subhakesan

  • Temasek Holdings Pte Ltd (TMSK SP), Singapore’s state investment firm, is reportedly eyeing a 10-15% stake in India’s top snack maker Haldirams (Unlisted), valued at $11 billion.
  • India’s packaged and processed food sector is booming, driven by modern retail growth, improved food standards, rising convenience demand, and greater affordability.
  • Big acquisitions, upcoming IPOs, and strong growth prospects keep this sector in the spotlight, with listed companies offering investors opportunity to play the upswing.

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Daily Brief Singapore: SGX Rubber Future TSR20 and more

By | Daily Briefs, Singapore

In today’s briefing:

  • Pirelli Moves Up The Ladder In Innovation, Sustainability And E Mobility


Pirelli Moves Up The Ladder In Innovation, Sustainability And E Mobility

By Vinod Nedumudy

  • Joins hands with Bosch to develop intelligent tire tech for safe driving
  • Gets validation from SBTi on zero emission target by 2040
  • Gets over 500 approvals for cutting-edge Elect technology

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Daily Brief Singapore: SGX Rubber Future TSR20 and more

By | Daily Briefs, Singapore

In today’s briefing:

  • EU Proposal Triggers Fresh Talks Over EUDR Implementations


EU Proposal Triggers Fresh Talks Over EUDR Implementations

By Arusha Das

  • EU commission proposes longer phase-in time  
  • Some tire makers are delaying EUDR rubber booking  
  • EU’s faltering EV market is a concern  

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Daily Brief Singapore: SGX Rubber Future TSR20 and more

By | Daily Briefs, Singapore

In today’s briefing:

  • The Challenges Of Rubber Production In 2024: Weather, Pricing Dynamics, And Regulatory Implications


The Challenges Of Rubber Production In 2024: Weather, Pricing Dynamics, And Regulatory Implications

By Arusha Das

  • Price surge to continue until 2025
  • 13% higher precipitation in Thailand in Jan-Aug 2024 vs 2023

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Daily Brief Singapore: Credit Bureau Asia, Singtel, SGX Rubber Future TSR20 and more

By | Daily Briefs, Singapore

In today’s briefing:

  • Give Credit Where Credit Is Due
  • Raffles Medical executive chairman expands interest; First REIT independent director cashes in
  • Vietnam Rubber Exports Bask In Better Returns In First Eight Months


Give Credit Where Credit Is Due

By The Mikro Kap

  • The company is headquartered in Singapore and listed under the ticker $TCU.SI

  • As the name implies, CBA is a credit bureau business that operates across Asia.

  • It currently has operations in Singapore, Malaysia, Cambodia, and Myanmar, with plans to expand in China and Vietnam shortly.


Raffles Medical executive chairman expands interest; First REIT independent director cashes in

By Geoff Howie

  • Institutions were net sellers of Singapore stocks over the five trading sessions spanning Sep 20 to 26, with S$54 million of net institutional outflow, reducing total net inflows from the 20 trading sessions spanning Aug 30 (which included MSCI Index rebalancing) through to Sep 26, to S$1.165 billion.
  • Leading the net institutional outflow over the five sessions through to Sep 26 were Singapore Telecommunications, Yangzijiang Shipbuilding Holdings, CapitaLand Investment, Singapore Exchange, Mapletree Logistics Trust, Capitaland Ascendas REIT, City Developments, Jardine Cycle & Carriage, Frasers Logistics & Commercial Trust and Mapletree Industrial Trust.
  • Between Sep 24 and 25, Raffles Medical Group executive chairman Loo Choon Yong acquired 2.15 million shares at S$0.89 per share.

Vietnam Rubber Exports Bask In Better Returns In First Eight Months

By Vinod Nedumudy

  • Average export price in August US$1,637/ton, down 1.1% MoM
  • Vietnam exports 617,030 tons of rubber to China in Jan-July
  • Typhoon, rains cast shadow over yearly projections

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Daily Brief Singapore: DFI Retail Group Holdings and more

By | Daily Briefs, Singapore

In today’s briefing:

  • Last Week in Event SPACE: DFI/JD.com/Yonghui, Alibaba/Sun Art, New World Development, Austal


Last Week in Event SPACE: DFI/JD.com/Yonghui, Alibaba/Sun Art, New World Development, Austal

By David Blennerhassett


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Daily Brief Singapore: SGX Rubber Future TSR20 and more

By | Daily Briefs, Singapore

In today’s briefing:

  • EU Conveys To WTO That It Is Firm On EUDR Deadline


EU Conveys To WTO That It Is Firm On EUDR Deadline

By Vinod Nedumudy

  • WTO chief Ngozi Okonjo-Iweala’s request goes unheeded  
  • EPP agriculture chief quotes EC chief offering temporary solution  
  • EUDR system to be opened for user registration in November

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Daily Brief Singapore: SGX Rubber Future TSR20, StarHub Ltd and more

By | Daily Briefs, Singapore

In today’s briefing:

  • Major Vietnamese Firms On Track To Meet EUDR Deadline
  • Key Telecommunication Stocks On the Move in Singapore


Major Vietnamese Firms On Track To Meet EUDR Deadline

By Vinod Nedumudy

  • Huy Anh Natural Rubber appoints Koltiva to help it  
  • VRG holds training as per PEFC ST 2002-1:2024 Module Standard  
  • Experts call for a national support website

Key Telecommunication Stocks On the Move in Singapore

By Geoff Howie

  • Global communication indices have outpaced broader global benchmarks this year, while Singtel, AIS TH SDR, NetLink, Starhub and APTT have averaged 20% total returns.
  • Singtel has led these five counters this year, with a 37% total return, while also seeing its 2024 ADT soar 90% from 2023 levels.
  • Singtel has led the net insti inflow into all local stocks this year with S$938 million of net buying.

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