Wednesday, October 16th, 2024

Day: October 15, 2024

“Sheffield Green Ltd – FY2024 Analysis: Strategic Expansion Amid Sector Challenges with Strong Cash Reserves

Investment Analysis Report: Sheffield Green Ltd – FY2024 Performance and Strategic Positioning 1. Business Description Core Business Operations: Sheffield Green Ltd. is a Singapore-based human resource services provider for the renewable energy sector. The...

Investment Assessment: Sheffield Green Ltd. – Impact of Audit Adjustments and Lease Commitments on FY2024 Financials

Investment Analysis Report: Sheffield Green Ltd. – Assessment of Material Variances for FY2024 Date of Report: 15 October 2024Financial Year: Ended 30 June 2024 1. Business Description Core Business Operations: Sheffield Green Ltd. (SGL)...

Versalink Holdings Limited (VHL): Resilient Domestic Growth Amid Export Challenges – 1H FY2025 Financial Analysis

1. Business Description Versalink Holdings Limited (VHL) is a Singapore-incorporated investment holding company, listed on the Catalist board of the Singapore Exchange. VHL’s primary business involves manufacturing, marketing, and selling system furniture and related...

Wing Tai Holdings Limited FY2024 Sustainability Report: Strong Property Portfolio and Green Initiatives Signal Long-Term Growth Potential

Business Description Wing Tai Holdings Limited is a leading real estate and retail group with significant operations in Singapore and Malaysia, contributing 95% of the Group’s revenue. Their core business focuses on property investment,...

ICP Ltd. 2024 Financial Report: Revenue Growth Amid Profitability Challenges – Strategic Expansion in Hospitality Sector

Investment Capital Partners Ltd. (ICP Ltd.) Annual Financial Report Analysis – 2024 Business Description ICP Ltd. operates primarily in the hospitality sector, managing and franchising hotels under the Travelodge brand across Asia. Their portfolio...

ST Group’s 2024 Financial Report: Modest Growth Amid Profit Decline and Expansion Challenges

ST Group’s 2024 Financial Report: Modest Growth Amid Profit Decline and Expansion Challenges Business Description ST Group Food Industries Holdings Limited operates primarily in the food and beverage (F&B) industry with a focus on...

Dyna-Mac: Riding the O&G Boom with Strong Growth and Strategic Opportunities

Date: October 14, 2024Broker Name: Maybank Research Pte Ltd Offer Update Hanwha Group has raised its offer to SGD0.67 per share for Dyna-Mac, surpassing the previous target price of SGD0.64. The offer is final,...

Frencken Group Ltd: Positioned for Strong Growth Amid Semiconductor Industry Recovery

Date: October 14, 2024Broker: Maybank Research Pte Ltd Overview of Frencken Group Ltd Frencken Group Ltd (FRKN SP) is a Singapore-based technology hardware manufacturer specializing in the production of high-mix, low-volume, high-complexity components and...

CIMB Group Holdings: Sustained Growth Through Strategic Expansion and Strong Regional Contributions

Date: October 14, 2024Broker: Maybank Investment Bank Berhad Overview of CIMB Group Holdings CIMB Group Holdings (CIMB MK) is a leading financial services provider in Malaysia, offering a broad range of consumer and investment...

Astra International: Resilient Market Leader Amid Weakening Auto Demand and Expanding Ventures

Date of Report: October 14, 2024Broker: Maybank Sekuritas Indonesia Stock Rating and Target Price Current Rating: BUY 12-Month Price Target: IDR 5,250 (+10% upside) Current Share Price: IDR 5,075 Valuation Metrics: FY24E Price-to-Earnings (P/E):...