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
5 March 24 – Megachem – Breaking Dawn
26 Feb24 – Do You Believe in Life After Covid?
23 Jan 24 – Sanli Environmental: Not Just An East Coast Plan
10 Jan 24 – ParkwayLife REIT: It’s Now or Never
21 Dec 23 – Uni-Asia Group Ltd: Possible shipping recovery, spotlight on sustainability
29 Nov 23 – Grand Banks Yachts Ltd: Expanded Capacities and Diversification of Revenue Streams
23 Nov 23 – Hyphens Pharma International Ltd: 3Q23 Business Updates
9 Nov 23 – Soilbuild Construction Group Limited: Post-COVID Triumph: 1H23 marks an inflection?
23 Oct 23 – Hyphens Pharma International Ltd: Pursuing Growth Through Full Acquisition of Ardence Pharma (BUY TP: S$0.33)
25 Aug 23 – KTMG Limited: Seizing Athleisure Demand
18 Aug 23 – Hyphens Pharma International Ltd: Navigating Challenges Amidst Ongoing Improvements
9 Aug 23 – TOTM Technologies Ltd: Awaiting contract wins
4 Aug 23 – SG Weekly (24 Jul – 28 Jul 23)
4 Aug 23 – First REIT: Embracing fixed JPY loan for stability and potential higher rent escalation (BUY TP: S$0.295)
27 Jul 23 – SG Weekly (17 Jul – 21 Jul 23)
21 Jul 23– SG Weekly (10 Jul – 14 Jul 23)
4 July 23 – Uni-Asia Group Limited: On track for an inflection (BUY TP:S$1.20)
27 Jun – SG Weekly (19 Jun – 23 Jun 23)
21 Jun – SG Weekly (12 Jun – 16 Jun 23)
15 Jun 23 – SG Weekly (5 Jun – 9 Jun 23)
6 Jun 23 – SG Weekly (29 May – 2 Jun 23)
1 Jun 23 – Jumbo Group Ltd: Exceeds expectations with yet returning Chinese (BUY TP: S$0.43)
26 May 23 – SG Weekly (22 May – 26 May 2023)
26 May 23- Aspial Lifestyle Limited (Non-Rated): Expanding to Malaysia
25 May 23 – Hyphens Pharma International Ltd: Beyond the shores (BUY TP: S$0.34)
19 May 23 – SG Weekly (15 May – 19 May 2023)
12 May 23 – SG Weekly (8 May – 12 May 2023)
5 May 23 – SG Weekly (1 May – 5 May 2023)
26 Apr 23 – First REIT: Steering a steadier ship (BUY TP: S$0.30)
26 Apr 23 – SG Weekly (20 Apr – 26 Apr 2023)