AEGISLOG.NSE

Aegis Logistics Ltd.

In this briefing: Singapore Growth Conditions and Recent Institutional Positioning Merger Arb Mondays (13 Apr) - ENN, Skyworth, Makino, Sankei, Olympic, The Global, NSR, Insignia Primer: Aegis Logistics (AGIS IN) - Apr 2026 Primer: Manila Water Co (MWC PM) - Apr 2026 Primer: Electricite De Strasbourg Sa (ELEC FP) - Apr 2026 1. Singapore Growth Conditions and Recent Institutional Positioning Singapore's economy grew 4.6% YoY in 1Q26, with businesses focusing on margin protection and inventory management amid rising costs. April net institutional inflows favored Industrials, Technology, and Utilities, with notable inflows into semiconductor manufacturing and testing sectors. Sembcorp Industries led April inflows, with significant energy platform capacity; Oiltek saw record share price gains and improved liquidity. 2. Merger Arb Mondays (13 Apr) - ENN, Skyworth, Makino, Sankei, Olympic, The Global, NSR, Insignia I summarise the latest spreads and newsflow for the merger arb situations we cover across Hong Kong, Australia, New Zealand, Singapore, Japan, Indonesia, Malaysia, the Philippines, Thailand, and Chinese ADRs.

In this briefing: Merger Arb Mondays (13 Apr) - ENN, Skyworth, Makino, Sankei, Olympic, The Global, NSR, Insignia Primer: Aegis Logistics (AGIS IN) - Apr 2026 Primer: Manila Water Co (MWC PM) - Apr 2026 Primer: Electricite De Strasbourg Sa (ELEC FP) - Apr 2026 ENN Natural Gas (600803) Tactical Outlook: Oversold - Ready to Bounce? 1. Merger Arb Mondays (13 Apr) - ENN, Skyworth, Makino, Sankei, Olympic, The Global, NSR, Insignia I summarise the latest spreads and newsflow for the merger arb situations we cover across Hong Kong, Australia, New Zealand, Singapore, Japan, Indonesia, Malaysia, the Philippines, Thailand, and Chinese ADRs. Highest spreads: Qoria (QOR AU) , Skyworth Group Limited (751 HK) , ENN Energy (2688 HK) , Humm Group (HUM AU) , Bluescope Steel (BSL AU) , Emmerson Resources (ERM AU) . Lowest spreads: Bright Smart Securities (1428 HK) , Sankei Real Estate (2972 JP) , Gunma Bank (8334 JP) , Toho Titanium (5727 JP) , Magnetic Resources Nl (MAU AU) . 2. Primer: Aegis Logistics (AGIS IN) - Apr 2026 Aegis Logistics is a dominant player in India's LPG and chemical logistics sector, strategically positioned to capitalize on the country's rising energy and chemical demand through its 'necklace of terminals' at key ports.

In this briefing: Delhi's EV Draft Policy: Who Wins the Policy Windfall of 2026–2030? Indian Geospatial: Why MapmyIndia’s Platform Beats Genesys’s Project-Led Growth Primer: Nava (NAVA IN) - Apr 2026 Primer: Jubilant Foodworks (JUBI IN) - Apr 2026 Primer: Aegis Vopak Terminals (AEGISVOP IN) - Apr 2026 1. Delhi's EV Draft Policy: Who Wins the Policy Windfall of 2026–2030? Delhi has drafted EV Policy 2026–2030, replacing the 2020 framework, pivoting to scrappage-linked incentives, capping subsidies to mass-market vehicles below Rs 25 lakh, and targeting 36,000 charging points by 2030. With 90 lakh registered vehicles and India's most polluted urban air, Delhi's demand signal carries outsized influence on OEM product roadmaps, capex cycles, and localization timelines through 2030. Legacy OEMs with established service networks (TVS, Bajaj, Hero, Tata Motors, Ashok Leyland) stand to capture disproportionate benefits; pure-play EV startups without scale face a harder road ahead. 2. Indian Geospatial: Why MapmyIndia’s Platform Beats Genesys’s Project-Led Growth With a potential $6 bn TAM by 2030, the Indian geospatial industry is shifting from simple maps to mission-critical infrastructure for governance, e-commerce, logistics, and autonomous mobility.

In this briefing: Indian Geospatial: Why MapmyIndia’s Platform Beats Genesys’s Project-Led Growth Primer: Nava (NAVA IN) - Apr 2026 Primer: Jubilant Foodworks (JUBI IN) - Apr 2026 Primer: Aegis Vopak Terminals (AEGISVOP IN) - Apr 2026 Primer: Aegis Logistics (AGIS IN) - Apr 2026 1. Indian Geospatial: Why MapmyIndia’s Platform Beats Genesys’s Project-Led Growth With a potential $6 bn TAM by 2030, the Indian geospatial industry is shifting from simple maps to mission-critical infrastructure for governance, e-commerce, logistics, and autonomous mobility. Genesys International dominates the high-accuracy engineering Digital-Twins/municipal infra projects with a strong track record and heavy initial investment, while MapmyIndia owns the high-volume consumer/automotive segment with its scalable SaaS ecosystem. We favor MapmyIndia for its recurring revenue model, leadership in private enterprise space and superior ROE stemming from relatively lower reliance on government contracts compared to Genesys’s capital-intensive, project-based business. 2.

In this briefing: Primer: Precision Drilling Corp (PDS US) - Apr 2026 Primer: Vermilion Energy (VET CN) - Apr 2026 Primer: Nuvista Energy (NVA CN) - Apr 2026 Primer: TerraVest Industries (TVK CN) - Apr 2026 Primer: Aegis Vopak Terminals (AEGISVOP IN) - Apr 2026 1. Primer: Precision Drilling Corp (PDS US) - Apr 2026 Precision Drilling is a leading North American onshore drilling contractor with a strong market position, particularly in Canada, and a high-quality fleet of 'Super Series' rigs. The company's financial performance is intrinsically linked to volatile oil and gas prices, leading to cyclical revenue and earnings, but it has consistently generated strong free cash flow, prioritizing debt reduction. Future growth is tied to the demand for technologically advanced, efficient rigs, international expansion, and the continued adoption of its Alpha™ automation technologies and EverGreen™ environmental solutions. This content is AI-generated and displayed for general informational purposes only.

In this briefing: Primer: Nava (NAVA IN) - Apr 2026 Primer: Jubilant Foodworks (JUBI IN) - Apr 2026 Primer: Aegis Vopak Terminals (AEGISVOP IN) - Apr 2026 Primer: Aegis Logistics (AGIS IN) - Apr 2026 Primer: Finolex Industries (FNXP IN) - Apr 2026 1. Primer: Nava (NAVA IN) - Apr 2026 Nava is a diversified conglomerate with synergistic operations in high-growth sectors, primarily Ferroalloys and Power, complemented by interests in Mining and Agribusiness. Its integrated model, with captive power and mining assets, provides a cost advantage and operational resilience. The company is well-positioned to capitalize on favorable industry tailwinds, including rising steel demand in India driving ferroalloy consumption and growing energy needs in both India and Zambia. Strategic diversification into agribusiness, particularly the large-scale avocado plantation in Zambia, offers a new, non-cyclical growth vector. Key risks include the cyclicality of the ferroalloy market, high energy costs in India, and geopolitical and counterparty risks associated with its Zambian operations, particularly concerning receivables from the state-owned utility, ZESCO.

In this briefing: Primer: Nava (NAVA IN) - Apr 2026 Primer: Jubilant Foodworks (JUBI IN) - Apr 2026 Primer: Aegis Vopak Terminals (AEGISVOP IN) - Apr 2026 Primer: Itochu Techno Solutions (4739 JP) - Apr 2026 Primer: Aegis Logistics (AGIS IN) - Apr 2026 1. Primer: Nava (NAVA IN) - Apr 2026 Nava is a diversified conglomerate with synergistic operations in high-growth sectors, primarily Ferroalloys and Power, complemented by interests in Mining and Agribusiness. Its integrated model, with captive power and mining assets, provides a cost advantage and operational resilience. The company is well-positioned to capitalize on favorable industry tailwinds, including rising steel demand in India driving ferroalloy consumption and growing energy needs in both India and Zambia. Strategic diversification into agribusiness, particularly the large-scale avocado plantation in Zambia, offers a new, non-cyclical growth vector. Key risks include the cyclicality of the ferroalloy market, high energy costs in India, and geopolitical and counterparty risks associated with its Zambian operations, particularly concerning receivables from the state-owned utility, ZESCO.

In this briefing: Primer: Nava (NAVA IN) - Apr 2026 Primer: Jubilant Foodworks (JUBI IN) - Apr 2026 Primer: Aegis Vopak Terminals (AEGISVOP IN) - Apr 2026 Primer: Itochu Techno Solutions (4739 JP) - Apr 2026 Primer: Aegis Logistics (AGIS IN) - Apr 2026 1. Primer: Nava (NAVA IN) - Apr 2026 Nava is a diversified conglomerate with synergistic operations in high-growth sectors, primarily Ferroalloys and Power, complemented by interests in Mining and Agribusiness. Its integrated model, with captive power and mining assets, provides a cost advantage and operational resilience. The company is well-positioned to capitalize on favorable industry tailwinds, including rising steel demand in India driving ferroalloy consumption and growing energy needs in both India and Zambia. Strategic diversification into agribusiness, particularly the large-scale avocado plantation in Zambia, offers a new, non-cyclical growth vector. Key risks include the cyclicality of the ferroalloy market, high energy costs in India, and geopolitical and counterparty risks associated with its Zambian operations, particularly concerning receivables from the state-owned utility, ZESCO.

In this briefing: Primer: Jubilant Foodworks (JUBI IN) - Apr 2026 Primer: Aegis Vopak Terminals (AEGISVOP IN) - Apr 2026 Primer: Itochu Techno Solutions (4739 JP) - Apr 2026 Primer: Aegis Logistics (AGIS IN) - Apr 2026 Primer: Scsk Corp (9719 JP) - Apr 2026 1. Primer: Jubilant Foodworks (JUBI IN) - Apr 2026 Dominant Market Leader Facing Margin Headwinds: Jubilant Foodworks is the largest Quick Service Restaurant (QSR) operator in India, primarily driven by its master franchise for Domino's Pizza. While the company demonstrates strong revenue growth and market share gains, it faces significant pressure on profitability from rising input costs and intense competition. Diversification Strategy is Key to Future Growth: The company is actively diversifying its portfolio beyond Domino's by expanding other international brands like Popeyes and its own homegrown brands such as Hong's Kitchen. The successful scaling of these new ventures is critical for long-term, sustainable growth and reducing reliance on the mature pizza category.