Marginal NODX Contraction in 1Q24 Paralleled Decline in Manufacturing Index

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Singapore NODX declined 21% YoY in March, trailing South Korea’s 3% YoY growth and Taiwan’s 19% YoY growth in March. These mixed export reports for March for the three trade hubs followed on from ...

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These mixed export reports for March for the three trade hubs followed on from ...</p>\n\n<a href=\"https://www.sgx.com/research-education/market-updates/20240418-marginal-nodx-contraction-1q24-paralleled-decline\">Source Link</a>\n\n</div>\n","source":"sgx_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Marginal NODX Contraction in 1Q24 Paralleled Decline in Manufacturing Index</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMarginal NODX Contraction in 1Q24 Paralleled Decline in Manufacturing Index\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-18 00:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.sgx.com/research-education/market-updates/20240418-marginal-nodx-contraction-1q24-paralleled-decline><strong>SGX</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Singapore NODX declined 21% YoY in March, trailing South Korea’s 3% YoY growth and Taiwan’s 19% YoY growth in March. These mixed export reports for March for the three trade hubs followed on from ...</p>\n\n<a href=\"https://www.sgx.com/research-education/market-updates/20240418-marginal-nodx-contraction-1q24-paralleled-decline\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SG9999002562.SGD","symbol_name":"LionGlobal Asia Pacific SGD","start_time":0,"source_url":"https://www.sgx.com/research-education/market-updates/20240418-marginal-nodx-contraction-1q24-paralleled-decline","article_id":"2428638737","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2428638737","pubTimestamp":1713369600,"sourceInfo":{"source_id":"sgx_stock","name":"SGX"},"weMediaInfo":null,"summary":"Singapore NODX declined 21% YoY in March, trailing South Korea’s 3% YoY growth and Taiwan’s 19% YoY growth in March. These mixed export reports for March for the three trade hubs followed on from strong growth in January, and comparatively more muted export reports in February.The iEdge Adv SG Manufacturing Index, with multi-sector constituents that mostly maintain international businesses and significant levels of APAC operations, has also started the year on a weaker note, with an 8.9% decline in total return and close to three gainers for every five decliners across the 100+ constituents.Index Constituent with most Net Institutional Inflow in YTD","collect":0,"end_time":0,"defaultTopTitle":"sgx.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SG9999002562.SGD":"LionGlobal Asia Pacific SGD","SG9999002604.SGD":"LionGlobal Singapore/Malaysia SGD","E28.SI":"福根集团有限公司","SG9999011175.SGD":"Nikko AM Global Dividend Equity Dis SGD-H","SG9999002679.SGD":"LionGlobal Singapore Balanced SGD","SG9999005177.SGD":"Legg Mason Martin Currie - Southeast Asia Trust A Acc SGD","LU0543330483.HKD":"TEMPLETON ASIAN GROWTH \"A\" (HKD) ACC","BK6519":"运输股","SG9999001135.SGD":"United ASEAN Fund SGD","SG9999014302.SGD":"RHB Singapore Income Fund SGD","LU2257852520.SGD":"JPMorgan Funds - Asia Growth A (acc) SGD","SG9999013486.USD":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (USD) INC A","LU0128522157.USD":"TEMPLETON ASIAN GROWTH \"A\" ACC","LU0048573645.USD":"富达东盟基金","LU0488056044.USD":"Allianz Asian Multi Income Plus Cl AM DIS USD","BS6.SI":"扬子江船业","LU0251143029.SGD":"Fidelity ASEAN A-SGD","LU0384037296.USD":"ALLIANZ ASIAN MULTI INCOME PLUS \"AT\" (USD) ACC","LU1282649810.SGD":"Allianz Asian Multi Income Plus Cl AMg DIS H2-SGD","LU0084288322.USD":"Natixis Asia Equity RD USD","LU0210637038.USD":"HSBC GIF THAI EQUITY \"AD\" INC","BK6088":"石油天然气设备与服务","SG9999014484.SGD":"Nikko AM ASEAN Equity Fund A SGD","LU0762540952.USD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED INCOME \"AC\" (USD) ACC","WPC.SI":"VALLIANZ HOLDINGS LTD","LU0831103253.SGD":"JPMorgan Funds - Asia Pacific Income A (mth) SGD","SG9999016042.SGD":"Schroder Singapore Trust A Acc SGD","LU0029875118.USD":"TEMPLETON ASIAN GROWTH \"A\" INC","D05.SI":"星展集团控股","SG9999001127.SGD":"United Singapore Growth Fund SGD","LU0577902611.USD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"A\" (USD) ACC","SGXZ58947870.SGD":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (SGDHDG) INC","LU0577902371.SGD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (SGD) ACC","SG9999002620.SGD":"LionGlobal South East Asia SGD","LU0898667661.SGD":"JPMorgan Funds - Asia Pacific Income A (mth) SGD-H","SG9999003800.SGD":"Nikko AM Global Dividend Equity Acc SGD-H","SG9999004360.SGD":"Nikko AM Shenton Thrift Fund SGD","LU0577902298.EUR":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (EUR) ACC","BK6504":"工业制品概念","BK6516":"银行与投资服务概念","SG9999001903.USD":"Aberdeen Standard Pacific Equity USD","SG9999000343.SGD":"Schroder Singapore Trust A Dis SGD","LU0577902538.SGD":"Fullerton Lux Funds - Asia Growth and Income Equities A Acc SGD","SG9999013478.USD":"利安新加坡股息基金","LU0831093199.SGD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED INCOME \"AM3\" (SGDHDG) INC","SG9999008742.SGD":"Eastspring Investments Unit Trusts - Singapore ASEAN Equity SGD","LU0672654166.SGD":"FTIF - Templeton Asian Growth A (acc) SGD-H1","BK6523":"ESG概念","BK6073":"工业机械","LU0577902454.USD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (USD) ACC"},"translate_title":"2024年第一季度NODX边际收缩与制造业指数下降平行","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WPC.SI":0.9,"BS6.SI":0.9,"D05.SI":0.9,"E28.SI":0.9},"content_text":"Singapore NODX declined 21% YoY in March, trailing South Korea’s 3% YoY growth and Taiwan’s 19% YoY growth in March. These mixed export reports for March for the three trade hubs followed on from strong growth in January, and comparatively more muted export reports in February. \n\t \nThe iEdge Adv SG Manufacturing Index, with multi-sector constituents that mostly maintain international businesses and significant levels of APAC operations, has also started the year on a weaker note, with an 8.9% decline in total return and close to three gainers for every five decliners across the 100+ constituents. \n\t \nIn the 2024 year to 17 April, the Index has bucked the trend of net institutional outflows across the broader local stock market, with S$68 million in net institutional inflow. Yangzijiang Shipbuilding, Venture, ST Engineering, Thai Bev and Frencken have led these net inflows.\n\t \nAmong the 50 most traded stocks of the iEdge Adv SG Manufacturing Index this year, the past 15 weeks have seen Global Invacom, Broadway Industrial, Willis-Array, Riverstone and Beng Kuang Marine and Mermaid Maritime chalk up the biggest surges in trading activity, compared to respective levels for the full 2023 year.\n\t \nSingapore’s March NODX contracted by 20.7% YoY in March 2024 following the 0.2% decline in February 2024. This brought the 1Q24 NODX contraction to 3.4%. The March 2024 decline was on a high base in March 2023 and driven largely by non-electronics, including pharmaceuticals. Electronics also declined by 9.4% YoY, after growing 5.2% YoY in February. Across the region, South Korea saw 3.1% YoY export growth and Taiwan saw 18.9% YoY export growth in March. These mixed export reports for March for the three trade hubs followed on from strong growth in January, and comparatively more muted export reports in February. The similar trajectory of recent export growth across the three trade hubs from Jan 2022 through to Jan 2024 is illustrated below.The iEdge SG Advanced Manufacturing Index has generated an 8.9% decline in total return in the 2024 year to 17 April, with 37 gainers, 4 constituents unchanged and 63 decliners. At the same time, the Index has partially reversed S$193 million in net institutional outflows in 2023 with S$68 million of net institutional inflow in the 2024 year through 17April. The 10 stocks that have led the net institutional inflow over the past 15 weeks are tabled below.  \n\nIndex Constituent with most Net Institutional Inflow in YTD\n\n\nCode\n\n\nPx 17 April $\n\n\nRCETP 17 April\n$\n\n\nMkt Cap S$M\n\n\nYTD ADT S$M\n\n\n2023 ADT S$M\n\n\nYTD ADT/ 2023 ADT \n\n\nYTD TR%\n\n\nYTD NIF S$M\n\n\n2023 TR %\n\n\n2023 NIF S$M\n\n\nP/B (x)\n\n\nP/B 5-year Avg (x)\n\n\nYANGZIJIANG SHIPBLDG HLDGS\n\n\nBS6\n\n\n1.780\n\n\n2.040\n\n\n7,032\n\n\n35.37\n\n\n32.98\n\n\n7%\n\n\n19\n\n\n78.10\n\n\n14\n\n\n2.59\n\n\n1.78\n\n\n0.82\n\n\nVENTURE CORPORATION\n\n\nV03\n\n\n14.210\n\n\n15.017\n\n\n4,123\n\n\n9.97\n\n\n17.95\n\n\n-44%\n\n\n4\n\n\n64.07\n\n\n-16\n\n\n-229.78\n\n\n1.46\n\n\n1.87\n\n\nSINGAPORE TECH ENGINEERING\n\n\nS63\n\n\n3.880\n\n\n4.348\n\n\n12,105\n\n\n15.40\n\n\n14.91\n\n\n3%\n\n\n0\n\n\n44.08\n\n\n21\n\n\n110.09\n\n\n4.91\n\n\n5.15\n\n\nTHAI BEVERAGE PUBLIC CO\n\n\nY92\n\n\n0.475\n\n\n0.704\n\n\n11,936\n\n\n18.68\n\n\n14.60\n\n\n28%\n\n\n-6\n\n\n33.37\n\n\n-21\n\n\n-131.90\n\n\n1.59\n\n\n2.74\n\n\nFRENCKEN GROUP\n\n\nE28\n\n\n1.520\n\n\n1.712\n\n\n649\n\n\n5.72\n\n\n4.42\n\n\n29%\n\n\n13\n\n\n25.96\n\n\n48\n\n\n17.01\n\n\n1.62\n\n\n1.50\n\n\nDYNA-MAC HOLDINGS\n\n\nNO4\n\n\n0.420\n\n\n0.460\n\n\n439\n\n\n2.90\n\n\n1.89\n\n\n54%\n\n\n25\n\n\n13.34\n\n\n80\n\n\n7.37\n\n\n6.23\n\n\n4.02\n\n\nWILMAR INTERNATIONAL\n\n\nF34\n\n\n3.370\n\n\n3.921\n\n\n21,038\n\n\n16.92\n\n\n21.69\n\n\n-22%\n\n\n-6\n\n\n6.93\n\n\n-11\n\n\n-48.89\n\n\n0.76\n\n\n1.04\n\n\nFOOD EMPIRE HOLDINGS\n\n\nF03\n\n\n1.320\n\n\n1.685\n\n\n699\n\n\n1.21\n\n\n0.74\n\n\n64%\n\n\n17\n\n\n4.63\n\n\n86\n\n\n14.20\n\n\n1.72\n\n\n1.26\n\n\nTIANJIN PHARM DA REN TANG GRP\n\n\nT14\n\n\n1.990\n\n\nN/A\n\n\n4,183\n\n\n0.39\n\n\n0.69\n\n\n-44%\n\n\n-1\n\n\n4.50\n\n\n93\n\n\n41.76\n\n\n1.28\n\n\n0.75\n\n\nAZTECH GLOBAL\n\n\n8AZ\n\n\n0.965\n\n\n1.218\n\n\n745\n\n\n1.04\n\n\n0.66\n\n\n59%\n\n\n4\n\n\n4.09\n\n\n19\n\n\n-1.80\n\n\n2.16\n\n\n5.88\n\nNote: ADT refers to average daily turnover; NIF refers to net institutional flows; TR refers to total returns, RCETP refers to Refinitiv consensus estimates target price which represents the average of individual estimates provided by analysts covering the stock. Estimates typically represent an analyst's opinion of the stock performance over the next 18 months ^ denotes on SGX Watchlist. Source: SGX, Refinitiv (Data as of 17 April 2024)\nAmong the 50 most traded stocks of the iEdge SG Advanced Manufacturing Index, six stocks have seen their average daily traded turnover this year more than double from full 2023 levels. Global Invacom Group, Broadway Industrial Group, Willis Array, Riverstone Holdings and Beng Kuang Marine and Mermaid Maritime have seen the most increases in trading turnover.  Performances of the six stocks have varied from a 6% gain for Global Invacom to a 194% gain for Beng Kuang Marine.\n\nIndex Constituent with most Trading Turnover growth\n\n\nCode\n\n\nPx 17 April $\n\n\nMkt Cap S$M\n\n\nYTD ADT S$M\n\n\n2023 ADT S$M\n\n\nYTD ADT/ 2023 ADT \n\n\nYTD TR%\n\n\nYTD NIF S$M\n\n\n2023 TR %\n\n\n2023 NIF S$M\n\n\nP/B (x)\n\n\nP/B 5-year Avg (x)\n\n\nSector\n\n\nGLOBAL INVACOM GROUP \n\n\nQS9\n\n\n0.050\n\n\n14\n\n\n0.29\n\n\n0.02\n\n\n1271%\n\n\n6\n\n\n0.18\n\n\n-15\n\n\n-0.05\n\n\n0.30\n\n\n0.35\n\n\nTech\n\n\nBROADWAY INDUSTRIAL GROUP \n\n\nB69\n\n\n0.129\n\n\n59\n\n\n0.08\n\n\n0.01\n\n\n1189%\n\n\n47\n\n\n-0.13\n\n\n-25\n\n\n-0.11\n\n\n0.66\n\n\n0.66\n\n\nTech\n\n\nWILLAS-ARRAY ELEC (HLDGS) \n\n\nBDR\n\n\n0.530\n\n\n46\n\n\n0.02\n\n\n0.00\n\n\n972%\n\n\n77\n\n\n0.11\n\n\n-37\n\n\n0.10\n\n\n0.47\n\n\n0.36\n\n\nTech\n\n\nRIVERSTONE HOLDINGS \n\n\nAP4\n\n\n0.805\n\n\n1,193\n\n\n2.65\n\n\n0.88\n\n\n200%\n\n\n17\n\n\n-3.06\n\n\n32\n\n\n10.14\n\n\n2.49\n\n\n2.98\n\n\nHealthcare\n\n\nBENG KUANG MARINE^ \n\n\nBEZ\n\n\n0.188\n\n\n37\n\n\n0.78\n\n\n0.28\n\n\n182%\n\n\n194\n\n\n1.43\n\n\n16\n\n\n0.33\n\n\n3.93\n\n\n0.68\n\n\nIndustrials\n\n\nMERMAID MARITIME PUBLIC CO \n\n\nDU4\n\n\n0.142\n\n\n201\n\n\n0.41\n\n\n0.16\n\n\n163%\n\n\n49\n\n\n2.44\n\n\n28\n\n\n1.41\n\n\n0.86\n\n\n0.42\n\n\nEnergy\n\n\nPACIFIC RADIANCE\n\n\nRXS\n\n\n0.037\n\n\n54\n\n\n0.12\n\n\n0.06\n\n\n92%\n\n\n53\n\n\n-0.57\n\n\n-3\n\n\n-1.01\n\n\n0.46\n\n\n0.42\n\n\nEnergy\n\n\nVALUETRONICS HOLDINGS\n\n\nBN2\n\n\n0.575\n\n\n235\n\n\n0.33\n\n\n0.17\n\n\n91%\n\n\n-3\n\n\n0.69\n\n\n24\n\n\n-0.40\n\n\n1.00\n\n\n1.09\n\n\nTech\n\n\nINNOTEK\n\n\nM14\n\n\n0.535\n\n\n124\n\n\n0.04\n\n\n0.02\n\n\n83%\n\n\n22\n\n\n-0.15\n\n\n-5\n\n\n-0.75\n\n\n0.72\n\n\n0.71\n\n\nTech\n\n\nUG HEALTHCARE CORPORATION\n\n\n8K7\n\n\n0.112\n\n\n70\n\n\n0.22\n\n\n0.12\n\n\n77%\n\n\n-33\n\n\n-0.35\n\n\n-15\n\n\n-0.51\n\n\n0.41\n\n\n2.05\n\n\nHealthcare\n\nNote: ADT refers to average daily turnover; NIF refers to net institutional flows; TR refers to total returns, RCETP refers to Refinitiv consensus estimates target price which represents the average of individual estimates provided by analysts covering the stock. Estimates typically represent an analyst's opinion of the stock performance over the next 18 months ^ denotes on SGX Watchlist. Source: SGX, Refinitiv (Data as of 17 April 2024)\nBeng Kuang Marine Ranked Singapore’s Strongest Manufacturing-related Play over Past 15 Weeks \nBeng Kuang Marine has been the Singapore stock market’s second strongest performing stock this year, while ranking among the 80 most traded stocks by turnover and just outside the 30 stocks with the highest net institutional inflow.\nPowered by strong business drivers in 2HFY23 (ended 31 Dec), Beng Kuang Marine posted an FY23 turnaround with net profit of S$7.9 million and revenue growth increasing 33.9% to S$79.2 million with gross profit surging 98.9% to S$24.9 million. With part of its turnaround strategy comprising an asset-light and service-oriented business model that is anchored by its two core business divisions, Infrastructure Engineering (IE) and Corrosion Prevention (CP), the Group continue to perform resiliently within the offshore and marine market, particularly in the 2H23 as revenue surged 57.2% to S$47.31 million.  \nHigher demand for its FPSO and FSO contracting, and maintenance services propelled the Group’s IE growth momentum with organic revenue growth of 85.9% and 47.0% in 2HFY23 and FY23, respectively. Coupled together with the exit of its loss-making business operations, the Group’s costs minimisation and productivity measures undertaken in recent years have progressively improved its gross profit margin to 31.5% in FY23 from 21.2% in FY22, driving gross profit growth of 98.9% to S$24.91 million in FY23.\nIts net cash inflow generated from operating activities was S$5.95 million in FY23. During FY23, the Group announced partial land sales and asset disposals with an aggregate consideration of approximately S$22.5 million in cash as part of its monetisation and deleveraging initiatives. As compared to the previous corresponding period, the Group’s cash and cash equivalents increased significantly by 81.6% to S$12.19 million, while total borrowings reduced 36.3% to S$14.14 million as of 31 Dec 2023. In January 2024, the Group completed the final partial land sale of its Batam shipyard property, and it has received the remaining amount of the sale consideration of approximately S$7.6 million in cash .\nWhile the stock is on the SGX watchlist, it expects to sustain and build upon this positive business momentum for FY24 by targeting the emerging growth trends within the offshore and marine industry.\nFurther Resources and Research\nRecent Financial Results/Business Updates\nYangzijiang Shipbuilding: Yangzijiang Shipbuilding FY2023 Annual Report\nVenture Corporation: Venture Corporation FY2023 Annual Report\nST Engineering: ST Engineering FY2023 Annual Report\nThai Beverage: Thai Beverage FY2023 Full Yearly Results\nFrencken Group: Frencken Group FY2023 Annual Report\nRelated Analyst Reports \nYangzijiang Shipbuilding: DBS - Yangzijiang Shipbuilding update : Making New Highs | CGS-CIMB - Yangzijiang Shipbuilding update : Record-high FY23F net profit likely\nVenture Corporation: DBS - Venture Corporation update : On the path to recovery | CGS-CIMB - Venture Corporation update : FY23F net profit could fall 27.9% yoy\nST Engineering: DBS - ST Engineering update : Record profits with room for growth\nThai Beverage: CGS-CIMB - Thai Beverage update : Thai government to cut alcohol excise tax\nFrencken Group: DBS - Frencken Group update : Recovery intact | DBS - IREIT Global update : French acquisition at an opportune time\n\nEnjoying this read?\nSubscribe now to the SGX My Gateway newsletter for a compilation of latest market news, sector performances, new product release updates, and research reports on SGX-listed companies.\nStay up-to-date with our SGX Invest Telegram channel.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2428638737"}