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
19 Aug 21 – UMS Holdings Limited (HOLD TP:S$1.80) – Demand still going strong
17 Aug 21 – Koufu Group Limited (BUY TP:S$0.775) – Seeing light ahead
17 Aug 21 – SG REITs 1H2021 Review
13 Aug 21 – SG Weekly Update (5 Aug 21 – 11 Aug 21)
13 Aug 21 – Grand Venture Technology Limited (HOLD TP:S$1.30) – Growth in all segments
12 Aug 21 – United Global Limited (HOLD TP:S$0.445) – Higher oil prices benefited Group’s lubricant business
11 Aug 21 – Roxy-Pacific Holdings Limited (Non-Rated) – Exiting the bottom
6 Aug 21 – SG Weekly Update (29 Jul 21 – 4 Aug 21)
6 Aug 21 – BRC Asia Limited (HOLD TP:S$1.64) – 3Q21 beat expectations with stronger deliveries
5 Aug 21 – GKE Corporation Limited (BUY TP:S$0.171) – Building up balance sheet, brick by brick
30 Jul 21 – SG Weekly Update (22 Jul 21 – 28 Jul 21)
30 Jul 21 – Samudera Shipping Line Ltd (Non-Rated) – Riding the wave of high freight rates
30 Jul 21 – Koda Limited (HOLD TP:S$1.00) – Furniture ODM manufacturer and brand owner
28 Jul 21 – Sanli Environmental Limited (BUY TP:S$0.249) – Recovering from the trough
23 Jul 21 – SG Weekly Update (15 Jul 21 – 21 Jul 21)
23 Jul 21 – Grand Venture Technology Limited (BUY TP:S$1.18) – Solid growth backed by high demand
16 Jul 21 – SG Weekly Update (8 Jul 21 – 14 Jul 21)
15 Jul 21 – Singapore Strategy 2H21
9 Jul 21 – SG Weekly Update (1 Jul 21 – 7 Jul 21)
2 Jul 21 – SG Weekly Update (24 Jun 21 – 30 Jun 21)
30 Jun 21 – Samudera Shipping Line Ltd (Non-Rated) – Trade activity anchoring shipping demand
28 Jun 21 – Nippecraft Limited (Non-Rated) – Brand and cash value ignored
25 Jun 21 – SG Weekly Update (17 Jun 21 – 23 Jun 21)
15 Jun 21 – Hatten Land Limited (Ceasing Coverage)
11 Jun 21 – SG Weekly Update (3 Jun 21 – 9 Jun 21)
8 Jun 21 – GKE Corporation Limited (BUY TP:S$0.163) – Cementing position as warehousing provider and concrete producer
31 May 21 – SG Weekly Update (24 May 21 – 28 May 21)
28 May 21 – UnUsUaL Limited (Non-Rated) – Net loss widened in FY2021
24 May 21 – SG Weekly Update (17 May 21 – 21 May 21)
18 May 21 – PropNex Limited (HOLD TP:S$1.27) – Asset-light business model showing resilience