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
8 Feb 23 – SG Weekly (30 Jan – 3 Feb 2023)
20 Jan 23 – TOTM Technologies Ltd: Strengthening Through Partnership
11 Jan 23 – TOTM Technologies Ltd: Huge potential of contracts
7 Dec 22 – Jumbo Group Ltd (BUY TP: S$0.41): Riding on the tailwinds of reopening
6 Dec 22 – TOTM Technologies Ltd (Non-rated): Breaking into the field of identity management
18 Nov 22 – SG Weekly (10 Nov – 16 Nov 22)
17 Nov 22 – First REIT (BUY TP: S$0.33) – 2.0 Growth Strategy Executing Well
11 Nov 22 – SG Weekly (03/11 – 09/11/22) – How low can you go? (Part 2)
3 Nov 22 – SG Weekly (27/10 – 02/11/22) – How low can you go?
27 Oct 22 – SG Weekly Update (20 Oct 2022 – 26 Oct 2022)
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)