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 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
5 Jul 22 – Singapore 3Q 2022 Strategy
1 Jul 22 – SG Weekly Update (23 Jun 2022 – 29 Jun 2022)
29 Jun 22 – Dyna-Mac Holdings Ltd (Non-Rated) – A force to be reckoned with
24 Jun 22 – SG Weekly Update (16 Jun 2022 – 22 Jun 2022)
20 Jun 22 – Megachem Limited (BUY TP:S$0.58) – FY22 could be another record year
17 Jun 22 – SG Weekly Update (9 Jun 2022 – 15 Jun 2022)
10 Jun 22 – ParkwayLife REIT (HOLD TP:S$4.69) – Stable growth with potential catalysts await
10 Jun 22 – SG Weekly Update (2 Jun 2022 – 8 Jun 2022)
7 Jun 22 – Hyphens Pharma International Ltd (BUY TP:S$0.46) – Receives S$6m fund infusion, digital assets valued at S$60m
3 Jun 22 – SG Weekly Update (26 May 2022 – 1 Jun 2022)
31 May 22 – Livingstone Health Holdings Ltd (HOLD TP:S$0.156) – Higher costs for staff and supplies begin to bite
27 May 22 – SG Weekly Update (19 May 2022 – 25 May 2022)