Under The Radar

It’s back to the offshore and marine industry today as we speak to a Thailand-based international subsea and offshore services company that services some of the oil and gas majors and their contractors.  Listed on the Singapore Stock Exchange in 2007, Mermaid Maritime provides full turnkey services through its diversified portfolio of subsea vessels, specialised diving equipment and remotely operated vehicles.  These services include subsea inspection, repair and maintenance, cable laying and engineering, transportation and installation as well as decommissioning.  The firm’s operations span across five geographical regions, namely the Middle East, Africa, Asia Pacific and Southeast Asia as well as the UK, and has a team of over 500 professional divers, technicians, surveyors, management and support staff.  Mermaid Maritime is an interesting company to watch given how SGX-listed offshore and marine are enjoying positive earnings results for the April toJune quarter and the first half of 2024. That’s as players hold a strong pipeline of work and recover from an earlier slump seen during the pandemic. At Mermaid Maritime, the Group had in Q1 turned around year ago losses. In Q2 2024, it reported a net profit of US$2.9 million, an increase from the last quarter, but a drop on a yearly basis due to higher in-planned financial cost.  Its total order book peaked at US$976 million at the end of June 2024 with multiple project awards in South East Asia, the Middle East, North Sea and Western Sub Saharan region for both short-term and long term throughout FY2026.  But how does the firm assess its outlook ahead?  Meanwhile, with tensions in the Middle East weighing on oil prices, what would that mean for firms serving the oil and gas industry, such as Mermaid Maritime?  On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to Paul Whiley, COO, Mermaid Maritime.

Chipmakers take the centre stage today as we speak to a high performance and adaptive computing leader that is at the forefront of powering generative artificial intelligence.  Founded in 1969 as a Silicon Valley startup, our guest for today is fabless chipmaker and chip designer Advanced Micro Devices or AMD.  The company had driven innovation in high performance computing, graphics and visualisation technologies for over half a century. It currently serves billions of people and leads Fortune 500 companies and scientific research innovations in improving the way people work, live and play.  Now, AMD is a company to watch particularly at this moment in time where we see a rush by global big techs to invest in generative AI infrastructure.  In particular, a Forbes article noted that global big techs spent over US$150 billion in capital expenditure on AI infrastructure for the past year dating from August 2024.  The massive spending raises questions as to how exactly generative AI would augment our daily lives and how big techs can generate returns on the massive spending.  That also means questions as to and whether the demand for generative AI solutions can continue to bolster demand for AI chips at the likes of AMD into the longer term.  At the same time, media reports out in September 2024 cited remarks by AMD CEO Lisa Su where she believes that graphic processing units may not be the architecture of choice for firms working on AI in the next five years.  Su noted that there would be a broadening beyond GPUs in the form of custom AI chips. But what does it mean for AMD in terms of its product offerings and how it is positioning itself for its next bound of growth?  On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to Peter Chambers, Managing Director, Sales, APAC & Country Manager, Australia, AMD.

Carsharing is on deck today as we speak to Singapore’s largest carsharing service, where users can register, book a car and start driving in the span of minutes.  You might have guessed it by now – yes we’re indeed speaking to GetGo. Founded in 2020 in the middle of the Covid-19 pandemic, GetGo has expanded quickly in recent years to 1,600 locations across Singapore.  The company now boasts a fleet of 3,000 cars, over 300,000 users and over 3 million drives completed. But why are we speaking to GetGo you might ask? Well, the carsharing business is an interesting one to look at because of rising car ownership costs in Singapore. For one thing, a survey by The Straits Times out in 2022 revealed that the high costs of buying a car are putting a dent on car ownership aspirations. So how far has that opened up a market gap for GetGo to fill? Meanwhile, GetGo had in July 2024 teamed up with electric vehicle charging firm Charge+ to introduce the carsharing company’s electric vehicles and Charge+’s EV charging infrastructure together in condominium projects.  GetGo and Charge+ had said that they aim to provide 100 condominiums with such bundled products by 2025.But what were the reasons behind the move, and how much money will the partnership bring to GetGo given the increased adoption of EVs among the younger population?  Speaking of condominium projects, GetGo also said then that it would roll out a new feature in Q4 to provide condominium developers secured access to its carsharing vehicles – but again, what is the significance of the move to GetGo as a company?  On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to Ting Feng Toh, CEO and Co-founder, GetGo.

Using artificial intelligence to help banks dig up dirt on non-public companies in Singapore, Hong Kong and China. That’s what our guest for today aims to do.  Founded in 2023, Inriskable uses AI and alternative data sources, such as company information, litigations, news and directors information to help professionals identify credit risks and information regarding these private companies.  Through AI-driven analysis and data-driven decision making, the firm hopes to help professionals make more informed judgments when assessing the business information and financial capability of SMEs.  The firm said this would enhance risk management and sales prospecting processes and improve the accuracy of identifying potential defaults or fraudulent activities.  So far, Inriskable holds 800 million pieces of company data across regions, and has over 280,000 global unique users. But how is the firm monetising on its user and database? What numbers are we looking at when it boils down to valuation?  Speaking of valuation, the global Regtech market was valued at US$12.54 billion in 2023 by Spherical Insights & Consulting, with that number expected to balloon to  US$81.48 billion by 2033. We are talking about a CAGR of 20.58% during the forecast period.  But how does Inriskable see itself within the global regtech market and what will be the key drivers of growth for the firm looking ahead? On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to Megan Chau, CEO, Co-founder of Inriskable.

It’s all about making FMCGs more accessible to consumers in rural Indonesia today.  With a population of over 277 million people, Indonesia is Southeast Asia’s largest economy, with a GDP of around US$1.32 trillion back in 2022.  At the same time, data from Statista showed Indonesian households allocating almost a fifth of their household expenses for FMCGs since 2018.  While the numbers look promising, about forty per cent of Indonesian reside in the rural parts of the country, making accessibility a key challenge for consumers.  The internet appears to be key to bringing FMCGs to the consumers, with over three quarters of people (77%) in the country using the internet on a regular basis.  And that’s exactly what our guest for today leveraged to tap underserved rural communities in Indonesia. Founded in 2018, Aplikasi Super is a social commerce startup that aims to enable community leaders to become retailers of their own by selling through its Super app.  The company operates a central warehouse and works with third-party logistics providers to deliver FMCG items to these community leaders, who are individuals or mom-and-pop shops called warungs. That’s done within a day of placing the order. According to a TechCrunch article out in June 2022, the firm said then that it boasts a network of thousands of community agents, distributing millions of dollars of items to communities each month. But what are the numbers looking at right now? Meanwhile, the firm had in June 2022 raised US$70 million in an oversubscribed Series C round. Those participating in the round included the likes of Insignia Venture Partners, SoftBank Ventures Asia, B Capital and more. Question is – how has the money been used thus far and how far has the capital injection augmented the firm’s growth trajectory? On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to Alfred Ali, Chief Product Officer, Aplikasi Super. 

Put professional networking and social media together – and there you have it – that’s our guest for today, LinkedIn.  Founded in 2003, LinkedIn connects the world’s professionals to make them more than productive and successful. The firm boasts a diversified range of services ranging from Talent Solutions, Marketing Solutions, Sales Solutions and Premium Subscriptions products.  With over 1 billion members worldwide, including executives from many Fortune 500 companies, the Microsoft-owned company is also the world’s largest professional network.  In the APAC region alone, the social media player has a base of over 310 million individuals, helping them connect with like-minded professionals and remain updated on industry trends.  Why are we speaking to LinkedIn you might ask? Well the social media network is an interesting one to look at given how it saw a boom in creators coming on board the platform amid the pandemic, when people had to work remotely, form connections, and market themselves using the internet.  So how does the firm utilise its algorithm to prevent an overwhelm of content on users, but yet ensure that it remains valuable to the creator community and marketers who are purchasing its B2C subscriptions as well as B2B solutions? Speaking of algorithms, LinkedIn appears to be rolling out video carousels and prioritising videos on the platform in recent months. But what were the reasons behind the move?  How important are videos in helping LinkedIn better engage and retain users and get businesses to up their advertising spend? On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to Feon Ang, APAC Managing Director, LinkedIn.

It’s all about the payments landscape today as we speak to a pioneer in Singapore’s fintech space. Make a guess – this company also has over 650 self-service kiosks across Singapore and handles over 650 million bill payments since its inception in the year 2000. We’re talking about bills for schools, government, hospitals, insurance, utilities and more. And users also use the kiosks to pay for their fines or as we call it here in Singaporean terms - “summons”. You might have guessed it by now, our guest is indeed payments provider AXS. AXS is an interesting company to look at because of various reasons surrounding its ownership, the changing business environment and recent partnerships.  In July 2023, DBS Bank had agreed to sell a 77.8 per cent stake in AXS to locally based private equity firm Tower Capital Asia. The move was said to provide AXS with the financial backing needed for its regional expansion and technological upgrades. But what should we know on this front, and what has been done one year since the news emerged? Meanwhile, to cater to changing consumer preferences and the increased need for integrated payments solutions, AXS came up with a newly launched app called AXS Drive to simplify parking payments without the need for physical cards. The question though is – how important is this for AXS financially?  On the partnerships front, the firm also teamed up with Aleta Planet to launch remittance service through UnionPay. But what were the reasons behind the move, and how much money is in this space? On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to Jeffrey Goh, Group Chief Executive Officer, AXS. 

It’s all about the pharmaceutical industry today as we check in on one of our earlier guests on “Under the Radar” to find out what’s next for them.  Known as MSD everywhere outside of the US and Canada, our guest aims to harness the power of leading-edge science to improve lives globally, and has been on the path of doing so for over 130 years, through the development of medicines and vaccines.  The firm’s businesses span across three big categories, namely pharmaceuticals, vaccines and animal health, generating US$60.1 billion in worldwide revenue in 2023. It set up shop in Asia Pacific over 60 years ago, and now has a footprint in 12 regional markets such as Australia, Hong Kong, India, Indonesia, Korea, Singapore, Malaysia and more.  Back home, MSD set up its APAC headquarters as well as a Technology Centre here in Singapore. It also recently celebrated its 30 years in the country.  Back home, MSD set up its APAC headquarters as well as a Technology Centre here in Singapore. It also recently celebrated its 30 years in the country.  But why are we speaking to MSD you might ask? Well, MSD’s venture unit is reportedly said to be planning to spend US$38 million across Europe and Asia in the three years from June 2024 to double down on its presence in the two key markets.  But what kind of target firms is the firm looking for? What technologies does MSD want to build along with entrepreneurs in the two identified regions? How will MSD’s Singapore’s technology centre support this? On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to Abdullahi Sheriff, Managing Director, MSD Singapore, Malaysia and Brunei and Julie Olszewski, Executive Director and Communications and Change Management Lead, Chief Technology Office at MSD.

You would have heard of the old proverb that goes “all work and no play makes Jack a dull boy”.  So – we’re going to talk all about play, and in particular about the future of play with our guest today, Toys “R” Us Asia.  Headquartered in Hong Kong, Toys “R” Us Asia operates around 460 stores across Asia, with an aim to fuel imagination and inspire the next generation through the power of toys and play.  That means providing toys and experiences for both children and also what it terms as “kidults”. What is key to note, though, is that Toys”R” Us is independent from the other Toys “R” Us companies we see in the rest of the world. For Toys “R” Us Asia specifically, its footprint spans across Mainland China, Japan, Malaysia, Hong Kong, Taiwan, Singapore, Thailand and Brunei. The firm also licences over 90 additional stores in the Philippines and Macau. Now, Toys “R” Us Asia  is an interesting company to look at because of how drastically the toy industry has changed globally in recent years.  According to a report by market research firm Circana out in June 2024, consumers aged 18 and above spent US$1.5 billion in toy-related purchases from January through April. The numbers meant that the adults outstripped the three-to five-year-old consumer group as the most important demographic age group for the toy industry.  But what opportunities does this present for toy retailers like Toys “R” Us Asia? And what will this mean in terms of store layouts, and products to bring on the shelves? On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to Leo Tsoi, CEO and Board Member at Toys“R”Us Asia.

Today we’re going to catch up with one of our earlier guests who is said to operate a global technology powerhouse with a revenue of US$57 billion.  You might have guessed it by now, yes we’re speaking to electronics maker and IT services provider Lenovo.  To recap, the firm delivers a portfolio of PCs and tablets, monitors, accessories, smart home and collaboration solutions, as well as smart infrastructure data centre solutions around the world.  It has since 1995 shipped over half a billion PCs, and makes three devices every second.  More recently, Lenovo Group had in August revealed that net income grew 38 per cent to US$243 million in the three months ended June, beating estimates amid growing demand for computer hardware and data centres and as companies double down on artificial intelligence spending.  But how does the firm assess demand for its latest performance? How far will generative AI give the recovering computing industry a shot in the arm? Speaking of generative AI, Lenovo had in September 2024 unveiled its latest advancements at Lenovo Innovation World 2024 in Berlin, where it launched a series of artificial intelligence PC devices powered by processors from Intel, Advanced Micro Devices and Qualcomm. But how would the firm assess its relationship with the semiconductor makers and big tech firms, and how does the company assess its market position in the PC and technology space in the AI Era? On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to Amar Babu, President, Lenovo Asia Pacific.