Research

Equity Research

We provide independent and objective equity research coverage for sectors and companies listed on the SGX, with a niche in small and mid-cap companies. We believe in deep-dive analysis of a company’s fundamentals and the operating landscape, to help investors appraise its value and make sound investment decisions. Our aim is to enhance shareholders’ value for the companies.
Report Title
28 Jun 21 – Nippecraft Limited (Non-Rated) – Brand and cash value ignored
25 Jun 21 – SG Weekly Update (17 Jun 21 – 23 Jun 21)
15 Jun 21 – Hatten Land Limited (Ceasing Coverage)
11 Jun 21 – SG Weekly Update (3 Jun 21 – 9 Jun 21)
8 Jun 21 – GKE Corporation Limited (BUY TP:S$0.163) – Cementing position as warehousing provider and concrete producer
31 May 21 – SG Weekly Update (24 May 21 – 28 May 21)
28 May 21 – UnUsUaL Limited (Non-Rated) – Net loss widened in FY2021
24 May 21 – SG Weekly Update (17 May 21 – 21 May 21)
18 May 21 – PropNex Limited (HOLD TP:S$1.27) – Asset-light business model showing resilience
18 May 21 – BRC Asia Limited (HOLD TP:S$1.64) – Virus resurgence clouds 2H
17 May 21 – SG Weekly Update (10 May 21 – 14 May 21)
13 May 21 – UMS Holdings Limited (HOLD TP:S$1.46) – Good start to the year
10 May 21 – SG Weekly Update (3 May 21 – 7 May 21)
7 May 21 – Cordlife Group Limited (Non-Rated) – Lifeguarding your child’s future
4 May 21 – Choo Chiang Holdings Ltd (Non-Rated) – Rides on strong home sales and copper price
3 May 21 – SG Weekly Update (26 Apr 21 – 30 Apr 21)
26 Apr 21 – SG Weekly Update (19 Apr 21 – 23 Apr 21)
19 Apr 21 – SG Weekly Update (12 Apr 21 – 16 Apr 21)
14 Apr 21 – SG REITs 1Q2021 Review
12 Apr 21 – SG Weekly Update (5 Apr 21 – 9 Apr 21)
7 Apr 21 – Roxy-Pacific Holdings Limited (Non-Rated) – A diversified property owner and developer
5 Apr 21 – SG Weekly Update (29 Mar 21 – 2 Apr 21)
29 Mar 21 – SG Weekly Update (22 Mar 21 – 26 Mar 21)
22 Mar 21 – SG Weekly Update (15 Mar 21 – 19 Mar 21)
22 Mar 21 – Advancer Global Limited (BUY TP:S$0.134) – FY20 profit held up by government grant
18 Mar 21 – United Global Limited (HOLD TP:S$0.445) – Seeking new business opportunities
17 Mar 21 – Hyphens Pharma International Limited (BUY TP:S$0.370) – Growing regional presence
15 Mar 21 – SG Weekly Update (8 Mar 21 – 12 Mar 21)
10 Mar 21 – UMS Holdings Limited (BUY TP:S$1.38) – Growth trajectory to continue in 2021
10 Mar 21 – International Cement Group Ltd (BUY TP: S$0.089) – FY2020 net profit set back by forex loss