Yong Ping Ong
Assistant Manager at Itochu Singapore- Claim this Profile
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Bio
Experience
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ITOCHU Singapore Pte Ltd
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Singapore
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International Trade and Development
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1 - 100 Employee
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Assistant Manager
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Mar 2012 - Present
• Portfolio of trading products expanded to all Aromatics including Benzene and Mixed Aromatics. • Developed and employed hedging systems/strategies (including physical swaps, derivatives) to minimise market risk amid volatility. • Monitored daily markets though close contacts with business partners including buyer, manufacturer and brokers. • Managed company’s overall risk with well-balanced pool of fixed profit and risk taking positions. • Devised simple demand-supply models to analyse price trends from market fundamentals • Proposed long and short-term market directions and strategies for internal and external parties. • Established strategic business partners depending on target markets and/or products. • Appointed as sole manager in charge of trading and distribution in several Southeast Asian markets i.e. Vietnam/Indonesia. • Managed domestic inventory for Indonesia and Vietnam business to ensure availability while optimising physical stock turnaround. • Cross-sold and marketed new products by pursuing potential leads/relationship referrals. • Maximised profits and minimised losses by adhering strictly to Company’s Trading and Operational guidelines. • Developed relationship with portfolio of upstream and downstream counterparties, catering to their supply and demand needs. • Worked closely with compliance and finance departments to consolidate month-end reports pertaining to outstanding Inventory and open Foreign Exchange positions in line with the company’s Risk Management policies. Show less
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TJS Pte Ltd
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Singapore
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Export Executive
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May 2011 - Feb 2012
• Exported various solvent products to developing countries like Myanmar, Cambodia, Bangladesh, Sri Lanka and Pakistan. • Established relationship with various stakeholders to achieve company’s monthly targets. • Exported various solvent products to developing countries like Myanmar, Cambodia, Bangladesh, Sri Lanka and Pakistan. • Established relationship with various stakeholders to achieve company’s monthly targets.
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ITOCHU Singapore Pte Ltd
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Singapore
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International Trade and Development
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1 - 100 Employee
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Business Executive
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Apr 2008 - Oct 2010
• Traded and distributed Petrochemical products (Toluene and Xylene) regionally, facilitating expansion in target markets, namely Indonesia, Vietnam, China and India. • Exceeded Company sales targets by 30%, shipping more than 30,000 metric tonnes of cargo yearly, achieved 10 % growth for local distribution in Indonesia and started local distribution in Vietnam. • Traded and distributed Petrochemical products (Toluene and Xylene) regionally, facilitating expansion in target markets, namely Indonesia, Vietnam, China and India. • Exceeded Company sales targets by 30%, shipping more than 30,000 metric tonnes of cargo yearly, achieved 10 % growth for local distribution in Indonesia and started local distribution in Vietnam.
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Hitachi Capital Asia Pacific
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Singapore
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Financial Services
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1 - 100 Employee
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Relationship Manager
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Nov 2006 - Mar 2008
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Education
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National University of Singapore
Bachelor’s in Arts and Social Science, Economics