Singapore Exchange Ltd (SGX)

Singapore Exchange is Asia’s leading and trusted market infrastructure, facilitating the exchange of capital and ideas to create value for people, businesses and economies. As a multi-asset exchange operating equity, fixed income and derivatives markets to the highest regulatory standards, SGX is a vertically integrated business that provides listing, trading, clearing, settlement, depository and data services.

With about 40% of listed companies and over 80% of listed bonds originating outside of Singapore as well as established linkages across the region and in Europe, SGX is Asia’s most international and connected exchange. Offering a full suite of derivatives products across Asian equity indices, commodities and currencies, SGX is the world’s most liquid international market for the benchmark equity indices of China, India, Japan and ASEAN.

As Asia’s pioneering central counterparty, SGX is globally recognised for its risk management and clearing capabilities, and was one of the first globally to adopt the Principles for Financial Market Infrastructure.

Headquartered in AAA-rated Singapore, SGX has over 800 employees including offices in Beijing, Chicago, Hong Kong, London, New York, Mumbai, San Francisco, Shanghai and Tokyo.

Asia’s leading multi-asset exchange

SGX Market Strategist, Equity & Fixed Income, Singapore Exchange Ltd (SGX)

Geoff Howie

SGX Market Strategist, Equity & Fixed Income

Equity Bottom-Up

<p><em><strong>Non- SGX Report: These equity research reports are not written by the SGX.</strong>&nbsp;SGX supports the distribution of the research reports by external contributors. Please refer to the Disclaimer in the attached report.</em></p>
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<h2>Pan-United Corp Ltd</h2>
<h3>A visit to the Innovation &amp; Command Centre</h3>
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<li>We visited PanU’s Innovation &amp; Command Centre on 5 Apr 2022 and were impressed by its strong R&amp;D drive, tech adoption and sustainability efforts.</li>
<li>Aside from its diverse portfolio of over 300 specialised green products, we think PanU CarbonCure can potentially be offered as a carbon offset solution.</li>
<li>PanU’s intelligent logistics platform AiR enables greater operational efficiency through enhanced automation of fleet and supply chain. Reiterate Add.</li>
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<p>Blending sustainability and tech into the construction sector</p>
<p>Backed by a strong R&amp;D team, PanU has developed over 300 highly specialised low- carbon footprint concrete solutions for built environment needs, of which over 150 products were nationally certified as green products. Noteworthy products include PanU Shield (offers radiation protection), PanU Watercrete (for underwater casting), and PanU SCC (self-compacting concrete). We were introduced to a wide range of recycled materials (ground granulated blast furnace slag, washed copper slag, fly ash etc.) that PanU integrated into its production processes to lower carbon footprint; as well as scientific apparatus (e.g. petrographic tests) used to ensure product quality and consistency. More innovative products are in the pipeline to cater to future needs, and we believe that PanU is well-positioned to maintain its market leadership in Singapore.</p>
<p>PanU CarbonCure concrete: A potential carbon offset solution</p>
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<p>We were especially excited about its flagship sustainability product, PanU CarbonCure concrete. This involves carbon capture and utilisation (CCU) technology that injects mineralised carbon dioxide into wet concrete during mixing to reduce embodied carbon emissions (up to 20kg of CO2 for each cubic metre of concrete), while enhancing compressive strength of the product. PanU CarbonCure is currently the first and only CO2 mineralised concrete to be inducted into the new product category of ready-mix concrete (CCU) under the Singapore Green Building Product (SGBP) certification scheme. In the longer term, we think PanU CarbonCure can also potentially be offered as a carbon offset solution, in line with Singapore’s push towards net-zero.</p>
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Non- SGX Report: These equity research reports are not written by the SGX.&nbsp;SGX supports the distribution of the research reports by external contributors. Please refer to the Disclaimer in the attached report.




Pan-United Corp Ltd
A visit to the Innovation &amp; Command Centre





We visited PanU’s Innovation &amp; Command Centre on 5 Apr 2022 and were impressed by its strong R&amp;D drive, tech adoption and sustainability efforts.
Aside from its diverse portfolio of over 300 specialised green products, we think PanU CarbonCure can potentially be offered as a carbon offset solution.
PanU’s intelligent logistics platform AiR enables greater operational efficiency through enhanced automation of fleet and supply chain. Reiterate Add.


Blending sustainability and tech into the construction sector
Backed by a strong R&amp;D team, PanU has developed over 300 highly specialised low- carbon footprint concrete solutions for built environment needs, of which over 150 products were nationally certified as green products. Noteworthy products include PanU Shield (offers radiation protection), PanU Watercrete (for underwater casting), and PanU SCC (self-compacting concrete). We were introduced to a wide range of recycled materials (ground granulated blast furnace slag, washed copper slag, fly ash etc.) that PanU integrated into its production processes to lower carbon footprint; as well as scientific apparatus (e.g. petrographic tests) used to ensure product quality and consistency. More innovative products are in the pipeline to cater to future needs, and we believe that PanU is well-positioned to maintain its market leadership in Singapore.
PanU CarbonCure concrete: A potential carbon offset solution

We were especially excited about its flagship sustainability product, PanU CarbonCure concrete. This involves carbon capture and utilisation (CCU) technology that injects mineralised carbon dioxide into wet concrete during mixing to reduce embodied carbon emissions (up to 20kg of CO2 for each cubic metre of concrete), while enhancing compressive strength of the product. PanU CarbonCure is currently the first and only CO2 mineralised concrete to be inducted into the new product category of ready-mix concrete (CCU) under the Singapore Green Building Product (SGBP) certification scheme. In the longer term, we think PanU CarbonCure can also potentially be offered as a carbon offset solution, in line with Singapore’s push towards net-zero.











(Non-SGX Report) Pan-United Corp Ltd - A Visit to the Innovation & Command Centre

Pan United Corp

(Non-SGX Report) Pan-United Corp Ltd - A Visit to the Innovation & Command Centre