Category

Singapore

Sep 26
0

Daily Brief Singapore: DFI Retail Group Holdings and more

By | Daily Briefs, Singapore

In today’s briefing:

  • DFI Exits Yonghui, MINISO Enters: Who Got The Short End Of The Stick?

DFI Exits Yonghui, MINISO Enters: Who Got The Short End Of The Stick?

By David Blennerhassett

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Sep 25
0

Daily Brief Singapore: Silverlake Axis , SGX Rubber Future TSR20 and more

By | Daily Briefs, Singapore

In today’s briefing:

  • Silverlake Axis (SILV SP): Circular Now Out. IFA Says Fair
  • China Opens War Front In Halo Butyl Rubber Trade

Silverlake Axis (SILV SP): Circular Now Out. IFA Says Fair

By David Blennerhassett

  • On the 26 August, Goh Peng Ooi, founder and executive chair, made a voluntary unconditional general Offer for the 25.9% in Silverlake Axis (SILV SP) not held.
  • The Offer Doc for this S$0.36/share cash Offer was dispatched on the 26th August.  The Circular is also now out, which incorporates the IFA opinion.
  • Trading through terms. The first close is the 7th October. I don’t expect a bump, and the share price gradually retraces back to cash terms.

China Opens War Front In Halo Butyl Rubber Trade

By Farah Miller

  • ADD slapped on the US, the EU, the UK, and Singapore imports
  • ADD probe initiated against Canada, Japan and India
  • Russia to be a major beneficiary of the measures

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Sep 24
0

Daily Brief Singapore: NSL Ltd, SGX Rubber Future TSR20, ESR-LOGOS REIT, ST Engineering and more

By | Daily Briefs, Singapore

In today’s briefing:

  • NSL Ltd (NSL SP): YTL’s Unconditional Offer
  • Helixtap China Report: Inclement Weather And Arbitrage Buying Spurs Chinese Prices
  • REIT Watch – S-Reits gain 1.7% after Fed’s rate cut
  • Institutions net buyers of Singapore stocks

NSL Ltd (NSL SP): YTL’s Unconditional Offer

By David Blennerhassett

  • Back on the 23rd July, YTL Cement entered into a S&P agreement with 98 Holdings to acquire a 81.24% stake in building material manufacturing/supplier NSL Ltd (NSL SP) at S$0.75/share. 
  • Pre-Conditions are now satisfied, and YTL Cement has launched a mandatory unconditional cash Offer. The Offer price is also S$0.75/share. 
  • Super straightforward deal. And will trade tight to – or through terms. YTL’s intention is to maintain NSL’s listing. 

Helixtap China Report: Inclement Weather And Arbitrage Buying Spurs Chinese Prices

By Arusha Das

  • Adverse weather impacts Chinese prices   
  • Arbitrage buying spurs prices up  
  • TSR inventory drops in September 

REIT Watch – S-Reits gain 1.7% after Fed’s rate cut

By Geoff Howie

  • After the recent softening in jobs data and inflation figures, the US Federal Reserve declared its first rate reduction in four years, decreasing the overnight borrowing rate by 50 basis points or half a percentage point, in line with market expectations.
  • The Fed has indicated additional rate cuts, forecasting another 50 basis points this year, a full percentage point in 2025, and half a percentage point in 2026.
  • Similarly, the five S-REITs that recorded largest net retail inflows were Frasers Centrepoint Trust, ESR-LOGOS REIT, Paragon REIT, Mapletree Industrial Trust, and CapitaLand Ascendas REIT.

Institutions net buyers of Singapore stocks

By Geoff Howie

  • Institutions were net buyers of Singapore stocks over the five trading sessions spanning Sep 13 to 19, with S$367 million of net institutional inflow, bringing total net inflows from the 15 trading sessions spanning Aug 30 (which included MSCI Index rebalancing) through to Sep 19, to S$1.2 billion.
  • Financial Services, Telecommunications, Industrials and REITs have led the net institutional inflow over the 15 sessions spanning Aug 30 to Sep 19.
  • Seatrium also bought back 1.17 million shares, taking the cumulative percentage of issued shares (excluding treasury shares) acquired on the current mandate to 0.37 per cent.

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Sep 23
0

Daily Brief Singapore: Sea and more

By | Daily Briefs, Singapore

In today’s briefing:

  • Weekly Consumer Tales: Shopee Youtube Tieup-China Home Price Slump-India’s Rising Gold, Iphone Sales

Weekly Consumer Tales: Shopee Youtube Tieup-China Home Price Slump-India’s Rising Gold, Iphone Sales

By Devi Subhakesan

  • Welcome to Consumer Tales & Trends, your weekly roundup of the latest corporate developments, investment reports and sector events in the consumer industry.
  • Sea (SE US) owned Shopee has partnered with YouTube to drive GMV growth and resist  competition with TikTok, which has strengthened its regional presence through its stake in Tokopedia,
  • India’s strong shopping appetite was reflected in robust gold purchases in August and high demand for the iPhone 16 launched last week.

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Sep 21
0

Daily Brief Singapore: SGX Rubber Future TSR20 and more

By | Daily Briefs, Singapore

In today’s briefing:

  • EV War Hots Up; China Firms Branch Out To Outside Countries

EV War Hots Up; China Firms Branch Out To Outside Countries

By Vinod Nedumudy

  • US ADD measure expected to be in force from Sept 27
  • Bombarded by Chinese exports Canada too join ADD league
  • Tesla exports from China faces ADD in Canada, EU excuses

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Sep 20
0

Daily Brief Singapore: SGX Rubber Future TSR20 and more

By | Daily Briefs, Singapore

In today’s briefing:

  • Indian Producers Anticipate Higher Prices Till December

Indian Producers Anticipate Higher Prices Till December

By Vinod Nedumudy

  • Prices showing uptrend after a marginal slide in recent times  
  • Kerala climate conducive for production, leading to good yield  
  • More regions in bid to expand rubber area buoyed by higher prices

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Sep 19
0

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

By | Daily Briefs, Singapore

In today’s briefing:

  • kopi-C with GuocoLand’s Group CEO: ‘We have twin engines for growth’
  • Significant Spike In Malaysia NR Production In July; Exports Too Up

kopi-C with GuocoLand’s Group CEO: ‘We have twin engines for growth’

By Geoff Howie

  • kopi-C with GuocoLand’s Group CEO: ‘We have twin engines for growth’ Real estate company GuocoLand’s Group Chief Executive Officer Cheng Hsing Yao shares how focusing on development and investment has driven its growth and prepared it for the future.
  • GuocoLand Limited (“GuocoLand”) and its subsidiaries (“the Group”) is a leading real estate group that is focused on its twin engines of growth in Property Investment and Property Development.

Significant Spike In Malaysia NR Production In July; Exports Too Up

By Vinod Nedumudy

  • Malaysian glove industry to rake in RM12.4 billion in exports in 2024  
  • Ivory Coast lags in imports to Malaysia after 9-month lead  
  • Home Ministry lets 10,000 foreign workers in to meet labor shortage

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Sep 17
0

Daily Brief Singapore: Sembcorp Industries and more

By | Daily Briefs, Singapore

In today’s briefing:

  • Net institutional inflows into Singapore stocks continue

Net institutional inflows into Singapore stocks continue

By Geoff Howie

  • Net institutional inflows into Singapore stocks continue Institutions were net buyers of Singapore stocks over the five trading sessions spanning Sep 6 to 13, with S$523 million of net institutional inflow, following the S$328 million in net institutional inflow for the preceding five sessions.
  • Eight of the stocks also led the net institutional inflow over the preceding five sessions, with SATS and Singapore Airlines the exceptions.

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Sep 13
0

Daily Brief Singapore: Suntec REIT and more

By | Daily Briefs, Singapore

In today’s briefing:

  • STI Return Above 3,400 Sees Stocks Draw S$760M Net Institutional Inflow

STI Return Above 3,400 Sees Stocks Draw S$760M Net Institutional Inflow

By Geoff Howie

  • During the past 9 sessions, the broader Singapore stock market booked S$763 million of net institutional inflow, reversing over 50% of the net outflow for the year up to Aug 29.
  • Actively traded stocks that booked the highest net institutional inflow proportionate to market cap over the 9 sessions included Seatrium, Sembcorp Industries, SGX, Suntec REIT & ComfortDelGro.
  • Actively Traded Stocks with Highest NIF/ Mkt Cap ratio since Aug 29 Code Mkt Cap S$M 9 Session Px Chg % 9 Session NIF S$M 9 Session NIF/ Mkt Cap YTD ADT S$M YTD NIF S$M Sector.

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Sep 12
0

Daily Brief Singapore: Dyna Mac Holdings, Silverlake Axis , Innotek Ltd and more

By | Daily Briefs, Singapore

In today’s briefing:

  • Dyna-Mac (DMHL SP): Hanwha’s Voluntary Conditional Offer
  • Silverlake Axis (SILV SP): Goh’s Hybrid Offer Now Open
  • Hanwha Group Makes A Move On Dyna-Mac
  • 10 in 10 with InnoTek Limited – Precision Metal Components for the Future

Dyna-Mac (DMHL SP): Hanwha’s Voluntary Conditional Offer

By Arun George

  • Dyna Mac Holdings (DMHL SP) disclosed a voluntary conditional offer from Hanwha Aerospace (012450 KS) and Hanwha Ocean (042660 KS) at S$0.60, a 21.2% premium to the undisturbed price.
  • The offer is conditional on regulatory approval (Competition and Consumer Commission of Singapore) and a 50% minimum acceptance condition. 
  • The offer is reasonable compared to peer multiples. However, it may face resistance as it is below the recent high of S$0.615 and Dyna-Mac’s improving outlook (S$681 million order book). 

Silverlake Axis (SILV SP): Goh’s Hybrid Offer Now Open

By David Blennerhassett

  • Back on the 26 August, Goh Peng Ooi, the executive chair and founder, made a voluntary unconditional general Offer for the 25.9% in Silverlake Axis (SILV SP) not held.
  • The Offer Doc is now out for this S$0.36/share cash Offer. The first close is the 7th October.
  • There was no IFA opinion in this Doc. This will appear in the Response Doc within a fortnight. It’ll be interesting how the mixed consideration alternative is assessed. Or not.

Hanwha Group Makes A Move On Dyna-Mac

By David Blennerhassett

10 in 10 with InnoTek Limited – Precision Metal Components for the Future

By Geoff Howie

  • 10 Questions for https://investors.sgx.com/_security-types/stocks/M14 What are some of the latest updates from InnoTek with reference to its financial performance? Net profit for 1H24 remained steady at S million, unchanged from the previous year, which includes a S million provision for inventory obsolescence.
  • In the past two years, InnoTek has diversified its customer base into technologically advanced sectors such as GPU servers, gaming machines, medical equipment, and ATMs.

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