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
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
8 Mar 21 – SG Weekly Update (1 Mar 21 – 5 Mar 21)
5 Mar 21 – Starbust Holdings Limited (Non-Rated) – Profit shot into the black
5 Mar 21 – Koufu Group Limited (BUY TP:S$0.770) – Earnings rebound in FY2021
1 Mar 21 – SG Weekly Update (22 Feb 21 – 26 Feb 21)
1 Mar 21 – Megachem Limited (BUY TP:S$0.500) – Remained resilient amidst challenging business climate
22 Feb 21 – SG Weekly Update (15 Feb 21 – 19 Feb 21)
15 Feb 21 – SG Weekly Update (8 Feb 21 – 12 Feb 21)
8 Feb 21 – SG Weekly Update (1 Feb 21 – 5 Feb 21)
1 Feb 21 – SG Weekly Update (25 Jan 21 – 29 Jan 21)
25 Jan 21 – SG Weekly Update (18 Jan 21 – 22 Jan 21)
22 Jan 21 – International Cement Group Ltd (BUY TP: S$0.089) – Cementing a foothold in Central Asia
18 Jan 21 – SG Weekly Update (11 Jan 21 – 15 Jan 21)
11 Jan 21 – SG Weekly Update (4 Jan 21 – 8 Jan 21)
23 Dec 20 – SAC Year End Review 2020
21 Dec 20 – SG Weekly Update (14 Dec 20 – 18 Dec 20)
14 Dec 20 – SG Weekly Update (7 Dec 20 – 11 Dec 20)
9 Dec 20 – UMS Holdings Limited (BUY TP:S$1.26) – Semiconductor industry tailwind to persist
7 Dec 20 – SG Weekly Update (30 Nov 20 – 4 Dec 20)
7 Dec 20 – Don Agro International Limited (Non-Rated) – A russian agriculture play
30 Nov 20 – SG Weekly Update (23 Nov 20 – 27 Nov 20)
23 Nov 20 – SG Weekly Update (16 Nov 20 – 20 Nov 20)
19 Nov 20 – UnUsUaL Limited (Non-Rated) – Road ahead still uncertain
19 Nov 20 – Hyphens Pharma International Limited (BUY TP:S$0.390) – Q3 set-back, longer-term growth is priority
16 Nov 20 – SG Weekly Update (9 Nov 20 – 13 Nov 20)