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
26 May 22 – UMS Holdings Limited (BUY TP:S$1.55) – Navigating well in a challenging environment
26 May 22 – BRC Asia Holdings Ltd (HOLD TP:S$1.92) – A record half
20 May 22 – SG Weekly Update (12 May 2022 – 18 May 2022)
17 May 22 – Avi-Tech Holdings Limited (Non-Rated) – Recovery tied to Automotive semiconductor market
17 May 22 – Hyphens Pharma International Limited (BUY TP:S$0.40) – Sterling 1Q22 backed by re-opening tailwind
13 May 22 – PropNex Limited (HOLD TP: S$1.78) – 1Q22 results in line, expect stronger 2H
12 May 22 – SG Weekly Update (5 May 2022 – 11 May 2022)
9 May 22 – China Shenshan Orchard Holdings (BUY TP:S$0.70) – An undervalued Chinese kiwifruit producer
6 May 22 – SG Weekly Update (28 Apr 2022 – 4 May 2022)
4 May 22 – HG Metal Manufacturing Limited (Non-Rated) – Higher construction output to drive forward earnings
29 April 22 – SG Weekly Update (14 Apr 2022 – 20 Apr 2022)
22 April 22 – SG Weekly Update (21 Apr 2022 – 27 Apr 2022)
22 April 22 – SG REITs 1Q2022 Review
15 April 22 – SG Weekly Update (7 Apr 2022 – 13 Apr 2022)
8 April 22 – Cordlife Group Limited (Non-Rated) – Signs of recovery
8 April 22 – SG Weekly Update (31 Mar 2022 – 6 Apr 2022)
5 April 22 – Singapore 2Q 2022 Strategy
4 April 22 – China Shenshan Orchard Holdings (Non-Rated) – A Chinese kiwifruit producer
4 April 22 – UMS Holdings Limited (HOLD TP:S$1.39) – Result of tax appeal to influence subsequent years’ earnings
1 April 22 – SG Weekly Update (24 Mar 2022 – 30 Mar 2022)
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