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Singapore investors flock to US market as they eye higher investment returns

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Moomoo Singapore unveils crypto trading at MooFest 2024

SINGAPORE, July 8, 2024 /PRNewswire/ — Investors in Singapore are increasingly allocating more to the US market, according to data from Moomoo Financial Singapore Pte. Ltd. (Moomoo Singapore).

This was revealed by Mr Gavin Chia, CEO of Moomoo Singapore, in his keynote presentation at MooFest 2024 — Moomoo Singapore’s largest community event of the year.

“Investors are increasingly allocating more funds into key overseas markets, even as they retain Singapore stocks as a staple in their portfolio,” Chia said.

On average, Moomoo Singapore’s profitable clients in the first six months of 2024 allocated 75% of their equity portfolio to the US market, while Singapore stocks formed approximately 20% of their portfolio.

Winning Portfolio 

On a whole-of-portfolio basis, equities remain the most popular instrument for investors, forming 50% of a typical winning portfolio. Wealth management products also saw significant allocation.

“Investors are looking to generate higher returns by layering on exposure to key growth markets and sectors, such as US tech names, which saw exponential growth in the first half of the year. At the same time, they are also taking advantage of the higher-for-longer interest rate environment by putting their money in money market funds, given their relative safety and attractive returns,” Chia said.

For investors seeking more portfolio diversification, Chia announced that Moomoo Singapore will soon offer cryptocurrency trading on its platform, just months after receiving the Major Payment Institution (MPI) License from the Monetary Authority of Singapore.

“Cryptocurrency has become an increasingly popular asset class among investors globally, and we are thrilled to be able to meet the demands of our clients in every step of their investment journey,” Chia said.

Thinking Forward, Mastering the Future 

Held on 6 July 2024, the event was attended by nearly 3,000 investors — a threefold increase from MooFest 2023.

Among the exciting slew of activities was a series of panel discussions helmed by thought leaders from the financial sector, including a special panel comprising four global stock exchanges, including representatives from Singapore, Japan, and the US.

“This is the first time a financial institution in Singapore has brought together such a star-studded gathering of the brightest minds from key exchanges around the world, highlighting our commitment to play a key role in the local financial ecosystem and be the bridge between investors and the global investment community,” Chia said.

Hiroki Kawai, Senior Executive Officer (Equities, ETF Market Development, Financial Literacy Support and Equities Business Development), Japan Exchange Group, shared a compelling narrative of Japan’s stock market resurgence.

“Now is an opportune moment for retail investors to engage with the Japan stock market. Our corporate transformation initiatives and increased shareholder returns are catalysts for growth,” Kawai said.

He highlighted the strategic restructuring of market segments and the government’s push for asset-based income growth as pivotal elements driving this momentum. “Foreign investment is a vote of confidence in our economic policies,” he added, emphasising the global appeal of the Japanese market.

On the home front in Singapore, real estate investment trusts (REITs) and exchange-traded funds (ETFs) have been the go-to investment options for investors here in today’s investment climate.

“Interest rates have somewhat peaked, and there’s a revived interest in REITs. For example, the latest Fraser Centerpoint Trust placement was 2.5 times oversubscribed, signalling strong investor confidence. This surge in demand indicates a renewed confidence in the stability and income-generating potential of REITs,” said Lily Chia, Head of Regional Equities & FICC Sales, SGX Group.

She also highlighted the growing trend towards passive investing. “The move towards passive investing is unmistakable,” Chia explained. “In a world of geopolitical and economic uncertainty, ETFs offer a sanctuary of stability and growth. Our strong suite of ETFs, which includes equity, fixed income, and commodities like gold, has performed exceptionally well, often outperforming traditional asset management strategies.”

Tech and Innovation as Key Drivers 

As a next-generation digitalised brokerage, Moomoo Singapore is a firm believer in the role of technology and education to empower our clients to meet their financial aspirations.

“Our clients are not just participants; they are pioneers. By democratising access to sophisticated tools and insights, we ensure our investors are well-informed decision-makers,” Echo Zhao, Country Head, Moomoo Singapore, said as part of the panel discussions.

She highlighted moomoo’s commitment to leveraging technology for investor education. “We collaborate with partners like Nasdaq to provide top-tier data and insights,” Zhao added. “Our platform offers a wealth of educational resources, from webinars to live seminars, ensuring our clients can make informed investment decisions.”

James McKeone, Vice President (Head of Investment Intelligence, APAC), Nasdaq, highlighted the critical role of innovation in driving U.S market performance. “US companies like Apple, Nvidia, Microsoft, and Amazon lead the world in innovation,” McKeone explained.

“This innovation translates into significant growth opportunities for investors. Since 2019, retail trading on US stocks has doubled, showcasing the global appeal and confidence in the US market.”

James also emphasised the importance of data and education in navigating the complexities of the U.S. market. “Working with Moomoo, we ensure that investors have access to the best market data,” McKeone said. “Our educational initiatives, including videos and content in local languages, help investors understand and leverage this data for informed decision-making.

He stressed that understanding the market depth is crucial. “In your moomoo app, for U.S stocks, you have 60 levels of pricing and quote information,” McKeone explained. “This market depth data allows investors to see under the surface, providing insights into support levels and market sentiment.”

– End –

About Moomoo Singapore 

Moomoo Financial Singapore Pte. Ltd. (Moomoo Singapore) is an award-winning advanced financial technology company transforming the investing experience through our digitalised brokerage and wealth management platform – moomoo. Moomoo enhances the user experience with market data, news, and powerful analytical tools. Moomoo also embeds a unique digitalised investment community to connect all users, investors, companies, analysts, media and key opinion leaders.

In Singapore, Moomoo Financial Singapore Pte. Ltd. (www.moomoo.com/sg) offers investment products for trading via the moomoo platform, and it is a capital markets services license holder regulated by the Monetary Authority of Singapore (Licence No. CMS101000), Major Payment Institution (Licence No. PS20200617) holder with the Exempt Financial Adviser Status. In April 2024, Moomoo Singapore reached the 1 million users milestone in Singapore.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/singapore-investors-flock-to-us-market-as-they-eye-higher-investment-returns-302190731.html

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Galloway Company Expansion Nearly Doubles United States Industrial Sweetened Condensed Milk Capacity

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NEENAH, Wis., Jan. 9, 2025 /PRNewswire/ — Galloway Company, a leader in premium dairy ingredients, announces the completion of a major expansion to its production capabilities. The addition of a custom-built evaporator will nearly double the United States’ total capacity for industrial sweetened condensed milk. The expansion comes at a critical time, relieving a highly constrained market for premium concentrated dairy ingredients in the United States.

The expansion will set new industry benchmarks in capacity, operational efficiency, and quality.

The expansion will allow the company to serve existing clients with the same premium quality ingredients they’ve come to rely on, while also welcoming new customers for the first time in four years.

“Over the last four years, we’ve seen growing constraints from the bakery and confectionery markets, with extended lead times and maxed-out production capacities,” said Mike Hasler, Director of Industrial Sales, Galloway Company. “This expansion ensures we can not only meet the demand of our existing customers but also welcome new business.”

With the addition of the second evaporator, Galloway Company is building redundancy into its production process, minimizing the risk of service interruptions for clients. The new system will also enable greater customization of products, allowing the company to meet the needs of clients of all sizes—from full tanker trucks to smaller batches packaged in totes and 5-gallon pails.

The expansion will set new industry benchmarks in capacity, operational efficiency, and quality. The upgraded system includes high-efficiency motors and precision-engineered valve systems, with a fully automated homogenization process, advanced lactose seeding technologies, and state-of-the-art cooling systems. These updates minimize energy consumption and reduce environmental impact while advanced quality control measures ensure consistent performance and accuracy. 

For more information or to place an order, please visit gallowaycompany.com or contact Mike Hasler at mhasler@gallowaycompany.com.

About Galloway Company

Galloway Company is the number one supplier of cream liqueur bases and sweetened condensed milk in the U.S. Located in Neenah, Wisconsin, Galloway specializes in producing unique formulations of condensed dairy blends and beverage bases. Classic Mix Partners, a subsidiary of Galloway Company, is the largest manufacturer of frozen dairy dessert mixes in Wisconsin, serving customers nationwide. For more information on our complete line of innovative dairy product mixes and bases, visit gallowaycompany.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/galloway-company-expansion-nearly-doubles-united-states-industrial-sweetened-condensed-milk-capacity-302346533.html

SOURCE Galloway Company

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SOCi Scales its AI Agent Solutions While Bolstering Path to Profitability

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SAN DIEGO, Jan. 9, 2025 /PRNewswire/ — SOCi, Inc., the leader in AI-powered marketing solutions for multi-location businesses, today announced initial results from its AI Agent strategy. In less than eight months, SOCi’s Genius AI™ solutions now account for more than 10% of the company’s annual recurring revenue (ARR). These results cap off a year of remarkable milestones for SOCi, including surpassing $100 million in ARR—a feat that places the company among the elite Centaur SaaS organizations globally.

In 2025, the company plans to continue to enhance and expand its advanced Genius AI™ technology, allowing SOCi’s AI Agents to take on even more local marketing tasks at scale and deliver unprecedented efficiency and value for SOCi’s nearly 1,000 multi-location customers. Additionally, SOCi is committed to accelerating its journey to profitability by strategically realigning resources to focus on high-impact areas with proven success. This reorganization is designed to enhance efficiency, drive scalability, and position the company for sustainable, long-term growth.

“We remain committed to revolutionizing the industry with our AI Agent innovation and Genius solutions, delivering the first digital workforce to drive unparalleled value for our customers,” said Afif Khoury, CEO of SOCi. “Simultaneously, we are focused on achieving sustainable growth by prioritizing financial stability and operational efficiency, solidifying our position as the leader in marketing innovation.”

Recently recognized as an Inc. 5000 fastest-growing company for the seventh consecutive year, and named one of Fast Company Most Innovative Companies, SOCi continues to expand its reach into new high-growth markets with its cutting-edge local marketing solutions. Over the past two years, the company has forged partnerships with iconic enterprises such as Ford, Jersey Mike’s Subs, and Ace Hardware, while establishing a strong presence in the Financial Services and Insurance sectors with notable partners like Liberty Tax and Motto Mortgage.

About SOCi, Inc.
SOCi is the leader in AI-powered marketing solutions for multi-location businesses. With its proprietary Genius AI™ and suite of Genius Agents™, SOCi provides a first-of-its-kind, AI-powered digital workforce capable of handling the workload of 1,000 local marketers™, empowering brands to achieve unmatched digital visibility, strengthen customer engagement, and scale faster than ever before.

SOCi is recognized by Fast Company as one of the World’s Most Innovative Companies, and is trusted by nearly 1,000 top brands—including Ford, Ace Hardware, Kumon, Liberty Tax, and more—to automate and optimize local marketing tasks across all locations. Founded in 2012 and backed by leading strategic investors, SOCi is transforming how multi-location brands manage and scale their marketing efforts. Learn more at www.soci.ai or contact us at hello@soci.ai.

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SOURCE SOCi, Inc.

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Verdantas Acquires M-H-M, Inc. Expanding Water Services Throughout Northern California

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TAMPA, Fla., Jan. 9, 2025 /PRNewswire/ — Verdantas, a leader in digitally enabled technical consulting solutions for the environment, water, and energy transition markets, backed by Sterling Investment Partners, is pleased to announce the acquisition of M-H-M, Inc. (MHM). The acquisition aims to enhance Verdantas’ expertise in the northern California water market and expand the services offered by both firms.

Based in Marysville, California, MHM brings invaluable expertise and experience to Verdantas, broadening the depth and range of services within the water, and land development markets with strong relationships with municipalities, public agencies, and private clients. The integration of MHM into Verdantas enhances its water service capabilities bringing valuable expertise in water supply and storage, distribution, irrigation, water master planning, flood control, storm drainage, as well as land development and surveying.

Jesse Kropelnicki, CEO of Verdantas, stated about the acquisition: “Integrating MHM into Verdantas will continue our growth strategy by further diversifying our business on the west coast, and by furthering our capabilities in the water market. This expansion enhances our expertise and ability to serve water clients more effectively in northern California. Additionally, MHM improves our land development and surveying capabilities, which will enhance other services we provide in the same geography. We look forward to providing their team with new opportunities for growth while they continue to contribute to our mission.”

California brings unique engineering design complexities. By partnering with Verdantas, we can now integrate robust in-house geotechnical and geological, structural engineering, and environmental expertise into our projects that we previously outsourced,” stated Sean Minard, President of MHM. “Our collaboration with Verdantas aims to expand our service offerings, providing comprehensive solutions in flood control, storm drainage, and water resource management as well as land development. This growth will add value to our current clients in Northern California, enabling us to deliver a more extensive suite of engineering and environmental solutions.”

James Soldano, Partner at Sterling, said, “We are proud to support Verdantas in this strategic acquisition of MHM. This move reflects our shared vision of growing Verdantas’ presence throughout the western United States and addresses the critical need for water-related expertise in a region facing challenges related to water resources and flood control.”

This acquisition is a vital component of the company’s sustainable service offerings objectives. By participating in significant projects, Verdantas plans to address critical water challenges, advocate for conservation, improve water quality, and encourage sustainable practices.

About Verdantas

Verdantas is a leader in digitally enabled technical consulting solutions for the environment, water, and energy transition markets. Blending balanced strengths in environmental and engineering expertise, we partner with clients and communities to create comprehensive solutions that contribute to a sustainable future. With a team of over 1,700 professionals nationwide, we harness diverse skills and innovative technologies to address complex challenges, protect vital resources, and foster resilient communities. For more information, visit www.verdantas.com.

About Sterling Investment Partners

Sterling Investment Partners is a leading private equity firm that has been building leading middle-market companies for over 30 years with a highly experienced, cohesive team of senior investment professionals. Sterling focuses on control investments in value-added distribution and business services, acquiring businesses that the firm believes have strong, sustainable competitive advantages and significant opportunities for value creation. Over its history, Sterling has completed over 230 transactions, representing over $31 billion in aggregate value, and was recently ranked a Top 10 performing middle market private equity firm globally by Dow Jones-HEC Paris. For more information, visit www.sterlinglp.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/verdantas-acquires-m-h-m-inc-expanding-water-services-throughout-northern-california-302346364.html

SOURCE Verdantas LLC

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