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
30 Mar 22 – Kim Heng Ltd (Non-Rated) – Supportive oil price environment
29 Mar 22 – Pan-United Corporation Limited (BUY TP:S$0.53) – Brightening outlook
25 Mar 22 – SG Weekly Update (17 Mar 2022 – 23 Mar 2022)
23 Mar 22 – International Cement Group Ltd (BUY TP: S$0.062) – Concrete foundation, constructing the next level
18 Mar 22 – Grand Venture Technology Limited (BUY TP:$1.195) – Next phase of growth
18 Mar 22 – SG Weekly (10 Mar 2022 – 16 Mar 2022)
16 Mar 22 – Hyphens Pharma International Ltd (BUY TP:$0.40) – Moving in the right direction
16 Mar 22 – SLB Development Ltd (Non-Rated) – Building recurring income from real estate
15 Mar 22 – Samudera Shipping Line Ltd (Non-Rated) – Bumper year for shipping lines
14 Mar 22 – Megachem Limited (BUY TP: $0.58) – Growth momentum to sustain, but at lower margins
10 Mar 22 – SG Weekly (3 Mar 22 – 9 Mar 22)
8 Mar 22 – PropNex Ltd (HOLD TP: $1.78) – Correction in FY22E, but growth in FY23E
4 Mar 22 – SG Weekly Update (24 Feb 22 – 2 Mar 22)
3 Mar 22 – OTS Holdings Limited (BUY TP: S$0.29) – Weak 1H22, but outlook improving with re-opening
25 Feb 22 – SG Weekly Update (17 Feb 22 – 23 Feb 22)
24 Feb 22 – First REIT (HOLD TP:S$0.320) – Ready to move on
23 Feb 22 – Koda Limited (BUY TP:S$1.14) – Production catch up in 2H
18 Feb 22 – BRC Asia Holdings Ltd (HOLD TP:S$1.92) – Order deliveries picked up pace in 1Q22
18 Feb 22 – SG Weekly Update (10 Feb 22 – 16 Feb 22)
11 Feb 22 – SG Weekly Update (3 Feb 22 – 9 Feb 22)
4 Feb 22 – SG Weekly Update (27 Jan 22 – 2 Feb 22)
4 Feb 22 – Livingstone Health Holdings Ltd (HOLD TP:S$0.168) – Reopening recovery and improved employment outlook
28 Jan 22 – SG Weekly Update (20 Jan 22 – 26 Jan 22)
26 Jan 22 – GKE Corporation Ltd (HOLD TP:S$0.123) – Setback in China RMC business
21 Jan 22 – SG Weekly Update (13 Jan 22 – 19 Jan 22)
14 Jan 22 – SG Weekly Update (06 Jan 22 – 12 Jan 22)
7 Jan 22 – SG Weekly Update (30 Dec 21 – 5 Jan 22)
4 Feb 22 – SG Weekly Update (27 Jan 22 – 2 Feb 22)
4 Jan 22 – Singapore 1Q 2022 Strategy
4 Jan 22 – Marco Polo Marine Ltd (BUY TP:S$0.032) – Tides turning in favor of Marco Polo