In today’s briefing:
- Keppel: Strategic Transformation to Asset Manager (Report 3)
- Cambodia Consolidates In Rubber And Tire; Jan-Sept Period Impressive
- ABR Holdings managing director continues to grow interest
Keppel: Strategic Transformation to Asset Manager (Report 3)
- This is the third report issued by CML on Keppel’s transformation to a global asset manager per its Vision 2030.
- CML has earlier issued two reports on this subject. The first examines the lack of disclosure by Keppel on critical information and data pertaining to its asset management business.
- This is disappointing as Keppel is almost halfway to its fund under management (‘FUM”) target of S$200bn, and we include peers which are similar in size.
Cambodia Consolidates In Rubber And Tire; Jan-Sept Period Impressive
- Latex export revenue posts 18% growth YoY during Jan-Sept
- Tire industry can consume 200,000 tons of latex a year at present
- Govt placing a lot of attention on research, downstream foray
ABR Holdings managing director continues to grow interest
- Over the five trading sessions from Nov 15 to 21, institutions were net sellers of Singapore stocks, resulting in a net institutional outflow of S$38 million.
- This marked a slight reversal from the net inflow of S$384 million observed over the five preceding sessions up to Nov 14.
- Stocks that led the net institutional outflow over the five sessions through to Nov 22 were CapitaLand Integrated Commercial Trust, CapitaLand Ascendas REIT, DBS Group Holdings, Yangzijiang Shipbuilding Holdings, Genting Singapore, Mapletree Logistics Trust, Frasers Logistics & Commercial Trust, Keppel DC REIT, Wilmar International and Keppel REIT.
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