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
6 Aug 21 – SG Weekly Update (29 Jul 21 – 4 Aug 21)
6 Aug 21 – BRC Asia Limited (HOLD TP:S$1.64) – 3Q21 beat expectations with stronger deliveries
5 Aug 21 – GKE Corporation Limited (BUY TP:S$0.171) – Building up balance sheet, brick by brick
30 Jul 21 – SG Weekly Update (22 Jul 21 – 28 Jul 21)
30 Jul 21 – Samudera Shipping Line Ltd (Non-Rated) – Riding the wave of high freight rates
30 Jul 21 – Koda Limited (HOLD TP:S$1.00) – Furniture ODM manufacturer and brand owner
28 Jul 21 – Sanli Environmental Limited (BUY TP:S$0.249) – Recovering from the trough
23 Jul 21 – SG Weekly Update (15 Jul 21 – 21 Jul 21)
23 Jul 21 – Grand Venture Technology Limited (BUY TP:S$1.18) – Solid growth backed by high demand
16 Jul 21 – SG Weekly Update (8 Jul 21 – 14 Jul 21)
15 Jul 21 – Singapore Strategy 2H21
9 Jul 21 – SG Weekly Update (1 Jul 21 – 7 Jul 21)
2 Jul 21 – SG Weekly Update (24 Jun 21 – 30 Jun 21)
30 Jun 21 – Samudera Shipping Line Ltd (Non-Rated) – Trade activity anchoring shipping demand
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)