In today’s briefing:
- Weather Favorable For Rubber In Thailand But Can Trouble Indonesia, Vietnam
- Sea (SE US): Strong 3Q, Upbeat Management Talk Fires up the Stock
- Boustead: A Real Deep Value Play
- kopi-C with Fortress Minerals’ CEO: ‘Our goal is to be a great Malaysian mining company’
Weather Favorable For Rubber In Thailand But Can Trouble Indonesia, Vietnam
- Thailand likely to receive less rains in the coming one-month period
- Indonesia, Vietnam, Cambodia likely to have above normal rains
- WMO predicts 60% chances of La Nina developing
Sea (SE US): Strong 3Q, Upbeat Management Talk Fires up the Stock
- Sea (SE US) ‘s management expects all three business segments – ecommerce, financial services and entertainment – to deliver high growth and profitability in 2025, supported by strong macro-eceonomic tailwind.
- It’s GAAP revenue was US$4.3 billion, up 30.8% year-on-year and net income was US$153.3 million, as compared to total net loss of US$(144.0) million for 3Q2023.
- Its e-commerce business achieved positive adjusted EBITDA in 3Q 2024 in both Asia markets and Brazil.
Boustead: A Real Deep Value Play
- Given Boustead Singapore Limited (BOCS SP) operating metrics just a minimal 1-2% growth through cycles should offer at least 50% upside.
- Boustead is a solid investment with diversified exposure in energy, geospatial, and real estate sectors, with a focus on sustainability, and steady project pipeline supporting long-term visibility.
- Boustead Singapore Limited (BOCS SP) is a deep value play, which prioritizes stability and risk mitigation over aggressive growth.
kopi-C with Fortress Minerals’ CEO: ‘Our goal is to be a great Malaysian mining company’
- Ivan Chee, chief executive officer of iron ore producer Fortress Minerals, shares how it is innovating and diversifying into copper, a key material in green technologies, for its next stage of growth For Malaysian mining and iron ore producing company Fortress Minerals, the industrial boom since the end of the Covid-19 pandemic has been good for business.
- The firm supplies iron ore to steel mills to make various products, and currently sells over 600,000 wet metric tonnes (WMT) of iron ore per year.
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