Investment Matters

Company News: 360 Capital and Traffic Technologies Industries

360 Capital Group

360 Capital Group (TGP) held its Annual General Meeting this week.  The Group highlighted that it currently sees limited opportunities in the real estate market, and as such maintains a large cash holding (gained after the sale of its interest in the Asia Pacific Data Centre Group).  It will look to deploy this in a patient, measured fashion.  The Group is also increasing AMF Finance’s (its real estate funding division) financing, and will seek to diversify its loan book.

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Traffic Technology Industries (extended small model)

We attended Traffic Technologies’ Annual General Meeting last Friday.  The company continues to diversify away from its traditional traffic signal and road sign manufacturing business, into a technology driven services and platform business.  It continues to work towards providing an integrated “Smart Cities” solution that incorporates smart traffic controllers, IoT (internet-of-things) sensors, networked LED road/street lighting and signage, enabling intelligent transport systems and traffic management.  The company is currently completing its first major roll-out of its proprietary “Smart City” software, and is in the final stages of development for its “Smart City” controllers.

-          Paul Grace