In today’s briefing:
- Temasek co-leads $14m round of SG agritech firm Rize
- STI Gains 7% over Six Weeks on Net Institutional Inflow
Temasek co-leads $14m round of SG agritech firm Rize
- Rize, a Singapore-based agritech startup, has secured US$14 million in a series A funding round co-led by Breakthrough Energy Ventures, GenZero, Temasek, and Wavemaker Impact.
- The company plans to use the funds to boost its presence in other markets like Indonesia and Vietnam.
- It also aims to increase its team of agronomy experts to over 100. Rize’s platform gathers key agricultural information needed for sustainable farming.
STI Gains 7% over Six Weeks on Net Institutional Inflow
- On 27 May, the STI closed at 3,318.45, its highest close since August 2023.
- STI stocks within the Real Estate Management and Development sector – Hongkong Land, City Developments and UOL Group – all booked net institutional inflow while averaging 7.1% total returns.
- 10 Real Estate (Ex-REITs) stocks that booked most net institutional inflow since 16 April Code Mkt Cap S$M YTD ADT S$M YTD NIF S$M YTD TR % 17 April – 27 May NIF / Mkt Cap 16 April – 27 May TR % Sector.
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