In today’s briefing:
- Singapore Market Roundup (24-Dec-2024): DBS keeps ‘buy’ rating on Seatrium, awaits probe results.
- Thematic Report: India- World’s Next Hotspot for Premium Brands
- # 74 India Insight: Tata Capital IPO, BPCL 6100 Cr Refinery Project, Greaves Cotton’s EV Momentum
Singapore Market Roundup (24-Dec-2024): DBS keeps ‘buy’ rating on Seatrium, awaits probe results.
- DBS reaffirms ‘buy’ rating on Seatrium following FPU contract win, but awaits probe results before making final assessment.
- Maybank Securities optimistic about SingPost’s future after dismissal of three executives, sees potential for positive changes.
- OCBC lowers SingPost’s value after CEO and CFO exit, while DBS approves of CDLHT’s strategy to expand lodging accommodations and views OUE REIT’s Shanghai property sale favorably.
Thematic Report: India- World’s Next Hotspot for Premium Brands
- Premiumization is reshaping India’s consumer market, with rising demand for high-quality products across FMCG, automobiles, electronics, and luxury goods driven by growing affluence and aspirations.
- India’s per capita GDP surpassing $2,500 and increasing digitalization have unlocked significant growth in premium categories, positioning India as a global hotspot for aspirational consumption.
- The shift from affordability to quality signals immense opportunities in premium segments, making it essential for businesses to innovate while balancing premium and budget-friendly offerings.
# 74 India Insight: Tata Capital IPO, BPCL 6100 Cr Refinery Project, Greaves Cotton’s EV Momentum
- The influx of prominent companies like Tata Capital and Greaves Electric Mobility entering the public market signals robust investor confidence and a burgeoning appetite for growth-oriented businesses.
- Bharat Petroleum Corp (BPCL IN) commitment to a new refinery project signifies a strategic push towards bolstering production capacity and capitalizing on India’s increasing demand for petrochemical products.
- Gulf Oil Lubricants India (GOLI IN) broadens its reach by collaborating with Nayara Energy to distribute automotive products across 6,500 fuel outlets.
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