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 Nov 19 – BRC Asia Limited (BUY TP:S$1.71) – BRC reported FY19 NPAT ahead of our estimates
19 Nov 19 – ISOTeam Ltd (BUY TP:S$0.325) – ISOTeam off to a good start for FY2020
19 Nov 19 – Hatten Land Limited (BUY TP:S$0.470) – 1QFY2020 profit increased over 500% from last year
18 Nov 19 – SG Weekly Update (11 Nov 19 – 15 Nov 19)
18 Nov 19 – Interra Resources Limited (BUY TP:S$0.089) – Reversed loss from last quarter
11 Nov 19 – SG Weekly Update (4 Nov 19 – 8 Nov 19)
8 Nov 19 – Hyphens Pharma International Limited (BUY TP:S$0.285) – Healthy prospects in ASEAN
4 Nov 20 – SG Weekly Update (28 Oct 19 – 1 Nov 19)
28 Oct 19 – SG Weekly Update (21 Oct 19 – 25 Oct 19)
21 Oct 19 – SG Weekly Update (14 Oct 19 – 18 Oct 19)
16 Oct 19 – SLB Development Ltd (BUY TP:S$0.280) – SLB 1Q2020 results show turnaround
14 Oct 19 – SG Weekly Update (7 Oct 19 – 11 Oct 19)
8 Oct 19 – LHN Limited (Non-Rated) – A landlord with a different twist
8 Oct 19 – Interra Resources Limited (BUY TP:S$0.089) – Commencement of drilling in Kuala Pambuang exploration well
7 Oct 19 – SG Weekly Update (30 Sep 19 – 4 Oct 19)
2 Oct 19 – Lian Beng Group Ltd (Non-Rated) – Home-grown construction enterprise
30 Sep 19 – SG Weekly Update (23 Sep 19 – 27 Sep 19)
25 Sep 19 – UMS Holdings Limited (Non-Rated) – High precision semiconductor specialist
23 Sep 19 – SG Weekly Update (16 Sep 19 – 20 Sep 19)
16 Sep 19 – SG Weekly Update (9 Sep 19 – 13 Sep 19)
9 Sep 19 – SG Weekly Update (2 Sep 19 – 6 Sep 19)
2 Sep 19 – SG Weekly Update (26 Aug 19 – 30 Aug 19)
30 Aug 19 – ISOTeam Ltd (BUY TP:S$0.325) – FY19 revenue surged 63.0%
30 Aug 19 – Hatten Land Limited (BUY TP:S$0.470) – 4QFY2019 profit of RM9.3 million reversed loss from last year
29 Aug 19 – Advancer Global Limited (BUY TP:S$0.200) – 1H19 revenue rose 4.8%, margins affected by higher manpower costs
26 Aug 19 – SG Weekly Update (19 Aug 19 – 23 Aug 19)
20 Aug 19 – Megachem Limited (BUY TP:S$0.500) – 1H2019 revenue impacted by weaker market conditions
20 Aug 19 – United Global Limited (BUY TP:S$0.500) – 1H19 results review
19 Aug 19 – SG Weekly Update (12 Aug 19 – 16 Aug 19)
15 Aug 19 – Advancer Global Limited (Flash Note) – Joint Venture with Fullcast Holdings