NTT DC REIT IPO - Thoughts on Valuation
NTT DC REIT (NTTDCR SP) (NDC), a data center REIT, aims to raise up to US$810m in its Singapore IPO. In this note, we talk about valuations.
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Tenaga Nasional Placement - Has Sold Before but past Deals Haven’t Done Much
Khazanah is looking to raise up to US$300m via selling 1.5% of Tenaga Nasional (TNB MK). In this note, we talk about the deal dynamics.
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Beverly JCG - Company Update - Balancing Between Dilution and Value Creation
In this note, we provide a company update as well as our thoughts on the Beverly JCG's latest sale and purchase agreement with KL Wellness City...
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Old Chang Kee Initiation - Defying the Dip, Resilience Amidst F&B Headwinds
We initiate non-rated coverage on Old Chang Kee. Post-COVID, the firm’s revenue had steadily recovered to pre-COVID levels by FY23, with a notable...
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IWOW Technology - FY25 Earnings Update - Sales Declined but Order Book Growth Signals Hope
IWOW Technology Ltd (IWOW SP) is a one-stop end-to-end wireless IoT technology provider. The firm reported its FY25 results on 29th May 2025. In...
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