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
10 Mar 22 – SG Weekly (3 Mar 22 – 9 Mar 22)
8 Mar 22 – PropNex Ltd (HOLD TP: $1.78) – Correction in FY22E, but growth in FY23E
4 Mar 22 – SG Weekly Update (24 Feb 22 – 2 Mar 22)
3 Mar 22 – OTS Holdings Limited (BUY TP: S$0.29) – Weak 1H22, but outlook improving with re-opening
25 Feb 22 – SG Weekly Update (17 Feb 22 – 23 Feb 22)
24 Feb 22 – First REIT (HOLD TP:S$0.320) – Ready to move on
23 Feb 22 – Koda Limited (BUY TP:S$1.14) – Production catch up in 2H
18 Feb 22 – BRC Asia Holdings Ltd (HOLD TP:S$1.92) – Order deliveries picked up pace in 1Q22
18 Feb 22 – SG Weekly Update (10 Feb 22 – 16 Feb 22)
11 Feb 22 – SG Weekly Update (3 Feb 22 – 9 Feb 22)
4 Feb 22 – SG Weekly Update (27 Jan 22 – 2 Feb 22)
4 Feb 22 – Livingstone Health Holdings Ltd (HOLD TP:S$0.168) – Reopening recovery and improved employment outlook
28 Jan 22 – SG Weekly Update (20 Jan 22 – 26 Jan 22)
26 Jan 22 – GKE Corporation Ltd (HOLD TP:S$0.123) – Setback in China RMC business
21 Jan 22 – SG Weekly Update (13 Jan 22 – 19 Jan 22)
14 Jan 22 – SG Weekly Update (06 Jan 22 – 12 Jan 22)
7 Jan 22 – SG Weekly Update (30 Dec 21 – 5 Jan 22)
4 Feb 22 – SG Weekly Update (27 Jan 22 – 2 Feb 22)
4 Jan 22 – Singapore 1Q 2022 Strategy
4 Jan 22 – Marco Polo Marine Ltd (BUY TP:S$0.032) – Tides turning in favor of Marco Polo
31 Dec 21 – Halcyon Agri Corporation Limited (Non-Rated) – Riding on rubber demand
31 Dec 21 – SG Weekly Update (23 Dec 21 – 29 Dec 21)
24 Dec 21 – SG Weekly Update (16 Dec 21 – 22 Dec 21)
17 Dec 21 – Pan-United Corporation Limited (BUY TP:S$0.50) – Gearing up for re-opening ramp
17 Dec 21 – SG Weekly Update (9 Dec 21 – 15 Dec 21)
10 Dec 21 – SG Weekly Update (2 Dec 21 – 8 Dec 21)
6 Dec 21 – BRC Asia Limited (HOLD TP:$1.64) – Demand intact, order execution to accelerate
3 Dec 21 – SG Weekly Update (25 Nov 21 – 1 Dec 21)
29 Nov 21 – ST Group Food Industries Holdings Ltd (BUY TP:S$0.26) – Re-opening to drive recovery
26 Nov 21 – SG Weekly Update (18 Nov 21 – 24 Nov 21)