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...
344 Views
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...
317 Views
Beverly JCG Initiation - Maiden Profit Turnaround After 12 Years
We initiate non-rated coverage on Beverly JCG (BJCG). In 1Q25, the firm has turned its first quarterly profit after 12 years in operation, with...
213 Views
Hyphens Pharma Initiation - Decent Fundamentals, Weak Valuations
We initiate rated coverage on Hyphens with a TP of S$0.365, pegged to 9.5x FY25E P/E, representing an upside of approximately 28.1%.
387 Views
Goodwill Entertainment Holding - FY24 Earnings Update - Broadening Reach Within F&B and Nightlife
We maintain our BUY rating on GEH with a TP of S$0.23, pegged to 4.6x FY25E EV/EBITDA, representing an upside of approximately 42.9%.
369 Views