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Business Times
22-06-2025
- Business
- Business Times
SunMoon Food CEO Zhang Ye boosts interests
[SINGAPORE] Over the four trading sessions from Jun 13 to 18, institutions were net sellers of Singapore stocks, with net institutional outflow of S$42 million following the S$80 million net outflow in the preceding five sessions. This takes the net institutional outflow for the year to Jun 18 to S$1.88 billion. Institutional flows In the four trading sessions, the stocks with the highest net institutional outflow were DBS , Singapore Airlines (SIA), Wilmar International , Singtel , OCBC , Sats , Mapletree Industrial Trust , UOL , Riverstone , and DFI Retail Group . Meanwhile, Keppel , Singapore Exchange (SGX), ST Engineering , CapitaLand Integrated Commercial Trust , Yangzijiang Shipbuilding , Jardine Matheson , Mapletree Logistics Trust , Rex International , Hongkong Land , and Seatrium led the net institutional inflow over the four sessions. From a sector perspective, financial services and consumer non-cyclicals experienced the highest net institutional outflow, while industrials and real estate investment trusts (Reits) had the most net institutional inflow. Singtel leads net institutional inflows in Q2 2025 Institutions were net sellers for much of the second quarter of 2025, but sector flows were mixed, with financial services and Reits seeing the largest outflows, while telecommunications and industrials – led by Singtel, SIA, Keppel, and ST Engineering – recorded notable inflows. From end-2023 to Jun 18, Singtel led net institutional inflows into the local market with S$1.6 billion, while its Straits Times Index weight rose from 6 per cent to 8 per cent. Its total return ranked it as the second-best performer in the Dow Jones Sector Titans Telecommunication Index. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Earlier this month, Gerald Wong, founder of financial advisory platform Beansprout, interviewed Singtel's group chief financial officer Arthur Lang to discuss the company's recent momentum. Lang noted that profit growth in FY2025 was driven by strong execution across core business units, with subsidiaries Optus and NCS achieving earnings before interest and taxes expansion of 55 per cent and 39 per cent, respectively. He also highlighted the 'Singtel28' strategy's focus on lifting business performance by strengthening the company's core connectivity businesses, and scaling growth areas such as IT services and digital infrastructure. For instance, its data centre arm, Nxera, is expanding rapidly with support from a partnership with KKR, enabling regional growth with partial funding from external capital. Lang also highlighted that longstanding regional partnerships and active capital management to fund growth and boost shareholder returns continue to position Singtel for long-term resilience. Share buybacks In the four sessions, 15 primary-listed companies made buybacks with a total consideration of S$61.8 million. DBS, UOB and OCBC again led the consideration tally, collectively buying back S$58.9 million of shares. On their current buyback mandates, UOB has bought back 0.35 per cent of its outstanding shares, DBS has repurchased 0.22 per cent, and OCBC has bought back 0.06 per cent, as at Jun 18. Secondary-listed Hongkong Land also continued to conduct share repurchases over the four sessions. Director transactions The four trading sessions saw a bit of a pause in director interests and substantial shareholdings filings. There were fewer than 40 filings for 20 primary-listed stocks. Directors or chief executive officers filed six acquisitions and two disposals, while substantial shareholders filed one acquisition and two disposals. These included director or CEO acquisitions in CosmoSteel , Hyphens Pharma International , Mencast and SunMoon Food Company . CosmoSteel On Jun 13, CosmoSteel executive director and CEO Jack Ong acquired two million shares at an average price of S$0.22 each, boosting his direct interest from 17.39 per cent to 18.15 per cent. On May 15, Evolve Capital Advisory, on behalf of 3HA Capital, announced a voluntary conditional cash offer for all issued and paid-up ordinary shares of CosmoSteel at S$0.20 apiece. The offer has drawn scrutiny from significant shareholders the Ong family, who have requested clarifications. Prior to the development, CosmoSteel's CEO had also raised his direct interest from 14.5 per cent. SunMoon Food Company Between Jun 13 and 18, SunMoon Food Company executive director and CEO Zhang Ye acquired 3,099,100 shares at S$0.16 apiece. This increased his total interest from 51.77 per cent to 52.12 per cent. He has been gradually increasing his total interest from 51.57 per cent May 27, when the group reported its FY2024/2025 (ended Mar 31) results. He was appointed CEO and executive director in December 2018. The serial entrepreneur also founded Yiguo – China's first fresh food e-commerce platform – and Enmore Group, which is now a leading player in China's bulk chemical services sector. For FY2024/2025, SunMoon Food Company reported revenue of S$33.83 million, up from S$27.06 million the previous year. The growth was driven by stronger sales of fruits, aquatic foods, and non-hazardous chemical products. The group generated 93 per cent of its revenue for the period from China, with the remainder coming from Asean. Its gross profit for FY2024/2025 remained steady at S$821,000, though the margin declined to 2.43 per cent from 3.03 per cent in FY2023/2024, due mainly to the clearance of slow-moving inventory sold at minimal or negative margins. The company said it is working to enhance profitability by expanding its non-hazardous chemical segment through strategic partnerships. It also remains focused on growing cross-border trade – exporting food products from China to South-east Asia, and importing basa fish (a freshwater fish native to South-east Asia) into China. Hyphens Pharma International On Jun 16, Hyphens Pharma International non-executive director Tan Kia King acquired 33,600 shares at S$0.30 apiece. This grew his total interest incrementally, from 28.13 per cent to 28.14 per cent. The open market purchase followed his acquisitions of 100,000 shares in May and 88,000 shares in April, with both transactions at S$0.285 per share. Appointed in December 2017, Dr Tan brings more than 30 years of medical and leadership experience to the group, including roles as managing director of Westpoint Family Hospital and chairman of Taka Jewellery. Hyphens Pharma International is headquartered in Singapore with direct operations in Indonesia, Malaysia, the Philippines and Vietnam. Its foundation dates back to 1998, when current chairman and CEO Lim See Wah invested in Pan-Malayan Pharmaceuticals, laying the groundwork for a regional healthcare platform. Established in the 1940s, Pan-Malayan is Singapore's oldest pharmaceutical wholesaler, with a rich history of supplying clinics, pharmacies, hospitals, nursing homes and trade partners. In 2002, Lim bought into Hyphens Pharma. The move unlocked Asean expansion and proprietary innovation, including the launch of Ceradan – a therapeutic skincare brand – and strategic research and development with the Agency for Science, Technology and Research. Hyphens Pharma International listed on the SGX Catalist in 2018. With a growing regional footprint, it continues to champion Asia's role in healthcare innovation. The group currently comprises five key entities: Hyphens Pharma, DocMed Technology, Ocean Health, Novem and Ardence Pharma. They advance the three core segments of speciality pharmaceuticals; proprietary brands; as well as medical hypermart and digital. In FY2024 (ended Dec 31), the group reported record revenue of S$195.4 million and a net profit after tax of S$10.9 million. It remains focused on scaling its core segments, with proprietary brands expanding regionally and speciality pharmaceuticals advancing through new launches and exclusive rights. It also continues to strategically enhance longstanding assets such as Pan-Malayan and online marketplace POM, with a focus on building high-traffic digital platforms to unlock greater value. Part of DocMed Technology, POM is a business-to-business pharmaceutical marketplace that operates in Singapore, Malaysia and Vietnam. Hyphens Pharma International maintains a market capitalisation of nearly S$100 million, with a return on equity ratio of 15.2 per cent, dividend yield of 4.8 per cent, and price-to-earnings ratio of 9.6 times as at last week. The counter is also among the 10 SGX-listed healthcare stocks that have booked the highest net institutional inflows in the first half of 2025. In April, Evolve Capital initiated coverage on Hyphens Pharma International with a target price of S$0.365. The advisory platform noted that despite its smaller scale, Hyphens Pharma International maintains decent margins, a net cash position, and consistent revenue growth, making its low valuation unjustified. While near-term growth may moderate, Evolve Capital expects continued portfolio expansion across the segments of speciality pharmaceuticals and proprietary brands. Buybacks and director transactions for Jun 19 will be included next week. The writer is the market strategist at SGX. To read SGX's market research reports, visit
Business Times
02-06-2025
- Business
- Business Times
EB Impact to launch initiatives to raise awareness of sustainability among seniors, youth
[SINGAPORE] Non-profit organisation EB Impact will launch two initiatives later this year to engage more youth and seniors with regard to sustainability and raise awareness of such issues, said executive director Gerald Wong on Friday (May 30) at the Seeds of Change gala. The Singapore-registered charity raised nearly S$200,000 for these initiatives at the event. The first initiative, also called Seeds of Change, is an intergenerational programme targeting seniors. Through partnerships with active ageing centres (AACs), EB Impact aims to increase awareness of sustainability issues while improving the well-being of the elderly. The programme will comprise urban farming and sewing activities, as well as hands-on craft projects within a makerspace. In an interview with The Business Times, Wong said that the idea came from wanting to provide 'more agency to seniors'. 'AACs want to reach a lot more seniors, and how do we do that? That's when I started thinking that we can use sustainability as a tool to bring these seniors to the AACs.' EB Impact will work with sector partners to train seniors, who can later on facilitate their own programmes and train others. The programme aims to engage 100 seniors across one to two AACs over the course of a year, and increase this to eight to 10 AACs over a three-year period. A NEWSLETTER FOR YOU Friday, 2 pm Lifestyle Our picks of the latest dining, travel and leisure options to treat yourself. Sign Up Sign Up Wong added: 'The idea is to bring in people from all walks of life. We don't want AACs to be seen as just a place for seniors. Yes, it's focused on seniors, but why can't it be a community space?' There is potential for AACs to host cafes or shops where seniors can sell the products they make or harvest. These can be open to the public, thus bringing the community together. 'We can raise that awareness of sustainability and at the same time address a social issue, which is to get seniors to be more active and change the perception that they are active contributors to society rather than passive takers,' he said. To track progress, EB Impact will conduct well-being surveys and hold focus group discussions with seniors. It is also exploring partnering educational institutions to retrieve data and feedback on the effectiveness of the programme. EB Impact aims to kick-start Seeds of Change in the second half of this year. Something for the young ones too The second initiative is The Sustainability Youth Festival (TSYF), an annual event that offers a platform for youth to engage with sustainability topics. It will bring together students, schools, government agencies and corporate partners. TSYF will target young people from the primary school to tertiary levels, and aims to deepen their understanding about sustainability. It will comprise booths, which may be hosted by sector partners, as well as hands-on activities, learning experiences and small-group guided discussions. 'The main idea of TSYF boils down to making sustainability as accessible as possible,' Wong added. A key component of the festival is the TSYF Challenge, in which students can pitch sustainability solutions to win awards and grants to implement them in their communities. TSYF will take place on Aug 1 at Capitol Theatre. Established in 2019, EB Impact is dedicated to advancing the United Nations' Sustainable Development Goals in Singapore and Asia, with a focus on youth and education. Last year, it launched a community space in partnership with City Developments Ltd, introduced an education grant with ComfortDelGro and ran its third edition of the Sustainability Media Academy for journalists.
Globe and Mail
01-04-2025
- Business
- Globe and Mail
CIG Showcasing the Latest End-to-End Connectivity Solutions at OFC 2025
Cambridge Industries Group (CIG), a global leader in optical communication and networking solutions, is excited to showcase its latest end-to-end connectivity technologies at the Optical Fiber Communication Conference and Exhibition (OFC) 2025, taking place March 30 – April 3 in San Francisco, California. Attendees are invited to visit CIG booth #2518 to explore cutting-edge innovations designed to optimize network efficiency, scalability, and performance. Next-Generation High-Speed Optical Transceivers CIG will unveil its latest high-speed optical transceiver solutions, including: A new 200G/Lambda portfolio, powered by the latest 3nm DSP technology, achieving 20% power reduction. The lineup includes Retimed 1.6T 2×DR4/DR8, 1.6T 2×FR4, and Gearbox 800G DR4 modules, offered in both Silicon Photonics and EML-based designs. Comprehensive 100G/Lambda 800G and 400G portfolio, featuring advanced 5nm DSP-based 800G modules such as 2×DR4/DR8, 2×FR4, and 2×LR4 (10km), in OSFP IHS / OSFP RHS / QSFP-DD form factors, as well as 400G QSFP112 DR4 modules, all available in Silicon Photonics and EML designs. Additional features, including 800G and 400G InfiniBand modules, 800G LPO (Linear Pluggable Optics) and 800G LRO (Linear Receive Optics) modules, further expanding CIG's support for next-generation data center and high-performance computing environments. Next-Gen Access and Edge Connectivity CIG will also feature its carrier-grade 25G PON units and the latest Wi-Fi 7-powered home routers, delivering seamless, high-capacity data transmission across both telecom and hyperscale networks. These solutions are designed to meet the increasing demand for ultra-fast, reliable connectivity, and support evolving infrastructure needs in AI-driven networking, cloud computing, broadband access, and 5G deployment. Live Demos & Industry Engagement CIG will host live demonstrations of its latest technologies, including: 1.6T and 800G 200G/Lambda transceivers 800G and 400G InfiniBand NDR 800G LPO and LRO modules All 800G modules interoperability over MTP CMIS 5.3 compliant features with VDM (Versatile Diagnostic Monitoring) 25G PON ONTs (joint demo with a 25G PON OLT vendor) These will be complemented by expert-led discussions on industry trends and CIG's technology roadmap. Company specialists will be available to engage in technical conversations and explore how CIG's innovations address the challenges of today's rapidly evolving digital landscape. Executive Quote 'We're excited to participate in OFC 2025 and introduce our latest breakthroughs in optical networking technology,' said Mr. Gerald Wong, CEO of CIG. 'Our end-to-end connectivity solutions empower businesses to optimize network performance while maintaining cost-efficiency and scalability. We look forward to engaging with industry leaders, partners, and customers as we continue driving innovation forward.' Learn More To schedule a meeting with CIG at OFC 2025 or for more information, visit or contact press@ About CIG Founded in 2005, Cambridge Industries Group (CIG) is a global technology leader with affiliates in the United States, China, Japan, Malaysia, and Europe. With a unique combination of industry-leading R&D and advanced manufacturing, CIG delivers millions of high-performance devices annually and provides exceptional customer service worldwide. CIG's broad portfolio includes high-speed optical transceivers, wireless and broadband access, carrier Ethernet, and edge computing—enabling next-generation telecom and data center networks.
Yahoo
01-04-2025
- Business
- Yahoo
CIG Showcasing the Latest End-to-End Connectivity Solutions at OFC 2025
SAN FRANCISCO, April 01, 2025--(BUSINESS WIRE)--Cambridge Industries Group (CIG), a global leader in optical communication and networking solutions, is excited to showcase its latest end-to-end connectivity technologies at the Optical Fiber Communication Conference and Exhibition (OFC) 2025, taking place March 30 – April 3 in San Francisco, California. Attendees are invited to visit CIG booth #2518 to explore cutting-edge innovations designed to optimize network efficiency, scalability, and performance. Next-Generation High-Speed Optical Transceivers CIG will unveil its latest high-speed optical transceiver solutions, including: A new 200G/Lambda portfolio, powered by the latest 3nm DSP technology, achieving 20% power reduction. The lineup includes Retimed 1.6T 2×DR4/DR8, 1.6T 2×FR4, and Gearbox 800G DR4 modules, offered in both Silicon Photonics and EML-based designs. Comprehensive 100G/Lambda 800G and 400G portfolio, featuring advanced 5nm DSP-based 800G modules such as 2×DR4/DR8, 2×FR4, and 2×LR4 (10km), in OSFP IHS / OSFP RHS / QSFP-DD form factors, as well as 400G QSFP112 DR4 modules, all available in Silicon Photonics and EML designs. Additional features, including 800G and 400G InfiniBand modules, 800G LPO (Linear Pluggable Optics) and 800G LRO (Linear Receive Optics) modules, further expanding CIG's support for next-generation data center and high-performance computing environments. Next-Gen Access and Edge Connectivity CIG will also feature its carrier-grade 25G PON units and the latest Wi-Fi 7-powered home routers, delivering seamless, high-capacity data transmission across both telecom and hyperscale networks. These solutions are designed to meet the increasing demand for ultra-fast, reliable connectivity, and support evolving infrastructure needs in AI-driven networking, cloud computing, broadband access, and 5G deployment. Live Demos & Industry Engagement CIG will host live demonstrations of its latest technologies, including: 1.6T and 800G 200G/Lambda transceivers 800G and 400G InfiniBand NDR 800G LPO and LRO modules All 800G modules interoperability over MTP CMIS 5.3 compliant features with VDM (Versatile Diagnostic Monitoring) 25G PON ONTs (joint demo with a 25G PON OLT vendor) These will be complemented by expert-led discussions on industry trends and CIG's technology roadmap. Company specialists will be available to engage in technical conversations and explore how CIG's innovations address the challenges of today's rapidly evolving digital landscape. Executive Quote "We're excited to participate in OFC 2025 and introduce our latest breakthroughs in optical networking technology," said Mr. Gerald Wong, CEO of CIG. "Our end-to-end connectivity solutions empower businesses to optimize network performance while maintaining cost-efficiency and scalability. We look forward to engaging with industry leaders, partners, and customers as we continue driving innovation forward." Learn More To schedule a meeting with CIG at OFC 2025 or for more information, visit or contact press@ About CIG Founded in 2005, Cambridge Industries Group (CIG) is a global technology leader with affiliates in the United States, China, Japan, Malaysia, and Europe. With a unique combination of industry-leading R&D and advanced manufacturing, CIG delivers millions of high-performance devices annually and provides exceptional customer service worldwide. CIG's broad portfolio includes high-speed optical transceivers, wireless and broadband access, carrier Ethernet, and edge computing—enabling next-generation telecom and data center networks. Learn more at: View source version on Contacts press@ Sign in to access your portfolio
