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
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)
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)