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
29 Jun 20 – SG Weekly Update (22 Jun 20 – 26 Jun 20)
22 Jun 20 – SG Weekly Update (15 Jun 20 – 19 Jun 20)
15 Jun 20 – SG Weekly Update (8 Jun 20 – 12 Jun 20)
12 Jun 20 – BRC Asia Limited (BUY TP:S$1.64) – 1HFY20 NPAT beats our estimates
8 Jun 20 – SG Weekly Update (1 Jun 20 – 5 Jun 20)
5 Jun 20 – SLB Development Ltd (Ceasing Coverage)
1 Jun 20 – SG Weekly Update (25 May 20 – 29 May 20)
25 May 20 – SG Weekly Update (18 May 20 – 22 May 20)
22 May 20 – Interra Resources Limited (HOLD TP:S$0.066) – Turned around in Q4 2019, announced placement to strategic investor
18 May 20 – SG Weekly Update (11 May 20 – 15 May 20)
11 May 20 – SG Weekly Update (4 May 20 – 8 May 20)
4 May 20 – SG Weekly Update (27 Apr 20 – 1 May 20)
2 Mar 20 – SG Weekly Update (24 Feb 20 – 28 Feb 20)
27 Apr 20 – SG Weekly Update (20 Apr 20 – 24 Apr 20)
20 Apr 20 – SG Weekly Update (13 Apr 20 – 17 Apr 20)
13 Apr 20 – SG Weekly Update (6 Apr 20 – 10 Apr 20)
6 Apr 20 – SG Weekly Update (30 Mar 20 – 3 Apr 20)
30 Mar 20 – SG Weekly Update (23 Mar 20 – 27 Mar 20)
26 Mar 20 – Megachem Limited (BUY TP:S$0.500) – Earnings recovery in 2H2019, FY2019 impacted marginally by economic uncertainty
23 Mar 20 – SG Weekly Update (16 Mar 20 – 20 Mar 20)
16 Mar 20 – SG Weekly Update (9 Mar 20 – 13 Mar 20)
9 Mar 20 – SG Weekly Update (2 Mar 20 – 6 Mar 20)
24 Feb 20 – SG Weekly Update (17 Feb 20 – 21 Feb 20)
17 Feb 20 – SG Weekly Update (10 Feb 20 – 14 Feb 20)
10 Feb 20 – SG Weekly Update (3 Feb 20 – 7 Feb 20)
4 Feb 20 – Elite Commercial REIT (IPO Alert)
3 Feb 20 – SG Weekly Update (27 Jan 20 – 31 Jan 20)
27 Jan 20 – SG Weekly Update (20 Jan 20 – 24 Jan 20)
24 Jan 20 – Lian Beng Group Ltd (Non-Rated) – 2QFY20 net profit grew 51.1%
23 Jan 20 – First REIT (Non-Rated) – Riding the wave of healthcare growth in Indonesia