Overseas Expansion

Investing ideas

Raffles Medical Group sees normalisation in FY2023

Raffles Medical Group is seeing FY2023 normalising from its Covid-19 boost. The group looks to expand overseas moving forward.

Company in the news

Samurai 2K Aerosol gears up for US launch

SINGAPORE (Jan 10): Samurai 2K Aerosol now earns the bulk of its revenue from Southeast Asia but the United States could soon be a major market generating significant sales once the company launches it products in March.

Deals, joint ventures & alliances

Koufu enters into another JV for Indonesian expansion after first JV failed to take off

SINGAPORE (Dec 18): Koufu Group announced that its subsidiary, Super Tea, has entered into a joint venture with PT Berkah Cipta Adirasa to develop, establish, manage and operate the Supertea and R&B Tea brans in Indonesia.

In print this week

Things looking up for CSE Global despite lack of JV projects with Serba Dinamik

SINGAPORE (April 18): When Malaysian engineering firm Serba Dinamik Holdings became the largest shareholder in systems integrator CSE Global last year, both parties talked about how they could work on projects together.

Broker's Calls

Continued overseas expansion to fuel a stronger 2H for MindChamps: RHB

SINGAPORE (Oct 17): RHB Research is maintaining its “buy” call on MindChamps Preschool with an unchanged target price of 94 cents based on a blended valuation methodology comprising a target EV/EBITDA of 18 times, in line with the peer average, and DC

Global Economy

Singapore's middle-market companies among world's most optimistic & ambitious: EY

SINGAPORE (July 25): Middle-market executives in Singapore are especially optimistic about business conditions and opportunities when compared to their global peers, according to the findings of the annual EY Growth Barometer.

In print this week

UOB banks on digital and overseas expansion as credit cycle worsens

SINGAPORE (Sept 30): United Overseas Bank did something unusual for shareholders this year, offering a scrip alternative for shareholders to receive their dividends.

Broker's Calls

Jumbo ‘in’, Sheng Siong ‘out’ for Maybank KE

SINGAPORE (Sept 28): Maybank Kim Eng is upgrading Jumbo to a “buy” with a higher target price of 78 cents, while downgrading Sheng Siong to “hold” with a target price of $1.13.