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
20 Oct 22 – SG Weekly Update (13 Oct 2022 – 19 Oct 2022)
13 Oct 22 – SG Weekly Update (6 Oct 22 – 12 Oct 22)
13 Oct 22 – Enviro-Hub Holdings Ltd: Enviro Hub Site Visit to Pharmacy and Glove Factory
30 Sep 22 – SG Weekly Update (22 Sep 2022 – 28 Sep 2022)
23 Sep 22 – SG Weekly Update (15 Sep 2022 – 21 Sep 2022)
19 Sep 22 – Kim Heng Ltd (HOLD TP: S$0.1016): Offshore expertise bolsters windfarm contract wins
16 Sep 22 – SG Weekly Update (8 Sep 2022 – 14 Sep 2022)
9 Sep 22 – Enviro-Hub Holdings Ltd (Non-rated): E-waste recycling buttressed by legislations, hybrid work
8 Sep 22 – SG Weekly Update (1 Sep 2022 – 7 Aug 2022)
5 Sep 22 – Koda Limited (BUY TP:S$0.64) – Macro headwinds ahead
5 Sep 22 – Cordlife Group Ltd (Non-Rated) – Lower births and cut back in discretionary spending
1 Sep 22 – SG Weekly Update (25 Aug 2022 – 31 Aug 2022)
29 Aug 22 – PropNex Ltd (HOLD TP: S$1.78): Rising rates, lower supply impact 2H
26 Aug 22 – SG Weekly Update (18 Aug 2022 – 24 Aug 2022)
22 Aug 22 – BRC Asia: 3QFY22 earnings in line, benefit from robust demand (Maintain HOLD at TP of S$1.92)
22 Aug 22 – UMS Holdings Limited (BUY TP:S$1.75) – Strong 1H, 2H to be better
19 Aug 22 – Hyphens Pharma International Ltd – Growth from organic and acquisition (BUY: maintain)
19 Aug 22 – SG Weekly Update (11 Jul 2022 – 18 Aug 2022)
16 Aug 22 – Megachem – 1H 22 earnings beat our expectations (BUY: maintain)
12 Aug 22 – SG Weekly Update (4 Jul 2022 – 10 Aug 2022)
10 Aug 22 – Pan-United Corporation Limited (BUY TP:S$0.53) – Sector prospect unchanged
8 Aug 22 – First Real Estate Investment Trust (BUY previously HOLD) – Improved risk profile and asset quality
5 Aug 22 – SG Weekly Update (28 Jul 2022 – 3 Aug 2022)
1 Aug 22 – SLB Development Ltd (Non-Rated) – Buoyant residential sales lifted profit and cash flow
1 Aug 22 – Jumbo Group Limited (BUY TP:S$0.38) – Sales rebound from pent-up local and tourists demand
29 Jul 22 – SG Weekly Update (21 Jul 2022 – 27 Jul 2022)
22 Jul 22 – SG Weekly Update (14 Jul 2022 – 20 Jul 2022)
15 Jul 22 – SG Weekly Update (7 Jul 2022 – 13 Jul 2022)
8 Jul 22 – SG Weekly Update (30 Jun 2022 – 06 Jul 2022)
8 Jul 22 – Jason Marine Group Limited (Non-Rated) – Orders are returning