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
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)
19 Nov 21 – SG Weekly Update (11 Nov 21 – 17 Nov 21)
19 Nov 21 – PropNex Limited (BUY TP:S$1.94) – A tireless property market
18 Nov 21 – Pan-United Corporation Limited (BUY TP:S$0.50) – Market leader with a green vision
18 Nov 21 – Hyphens Pharma International Limited (BUY TP:S$0.40) – Strategic acquisition of Novem Group
16 Nov 21 – UnUsUaL Limited (Ceasing Coverage)
12 Nov 21 – SG Weekly Update (4 Nov 21 – 10 Nov 21)
8 Nov 21 – Sanli Environmental Limited (BUY TP:S$0.249) – Reopening to accelerate work progress
5 Nov 21 – SG Weekly Update (28 Oct 21 – 3 Nov 21)
29 Oct 21 – SG Weekly Update (21 Oct 21 – 27 Oct 21)
29 Oct 21 – SG REITs 3Q2021 Review
22 Oct 21 – SG Weekly Update (14 Oct 21 – 20 Oct 21)
19 Oct 21 – Jason Marine Group Limited (Non-Rated) – Trading below cash value
15 Oct 21 – SG Weekly Update (7 Oct 21 – 13 Oct 21)
14 Oct 21 – COSCO Shipping International (Singapore) Co Ltd (Non-Rated) – Fine balancing act between returns and expansion
8 Oct 21 – SG Weekly Update (30 Sep 21 – 6 Oct 21)
1 Oct 21 – SG Weekly Update (23 Sep 21 – 29 Sep 21)
29 Sep 21 – Soon Lian Holdings Limited (Non-Rated) – Higher price and demand for aluminium
24 Sep 21 – Roxy-Pacific Holdings Limited (Non-Rated) – Privatisation Offer
24 Sep 21 – SG Weekly Update (16 Sep 21 – 22 Sep 21)
17 Sep 21 – SG Weekly Update (9 Sep 21 – 15 Sep 21)
10 Sep 21 – SG Weekly Update (2 Sep 21 – 8 Sep 21)
9 Sep 21 – ISOTeam Ltd (Ceasing Coverage)
6 Sep 21 – International Cement Group Ltd (BUY TP: S$0.089) – Demand for cement to remain high in Central Asia
3 Sep 21 – SG Weekly Update (26 Aug 21 – 1 Sep 21)
2 Sep 21 – OTS Holdings Limited (BUY TP: S$0.40) – Home-grown branded food vying for the region
1 Sep 21 – Koda Ltd (BUY TP:S$1.00) – Strongest year for Koda