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 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
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)