Investment Management, 8VantEdge

8VantEdge

Investment Management

8VantEdge offers a hybrid fundamental stock picking combined with algorithmic rules based on human psychology.

Thematic (Sector/Industry)

<ul>
<li>Singapore’s listed secured lenders (two deposit-funded finance companies and two pawnbrokers) provide a complementary source of credit to SMEs and to individuals who borrow against property, vehicles, jewellery and gold, and whose financing needs may be smaller, less standardised or more time-sensitive than those typically prioritised by conventional banks.</li>
<li>This role rests on three things: (1) banks’ underwriting appetite and execution speed differ enough to leave openings in smaller, more bespoke credit; (2) borrowing costs remain supportive of specialty-lending economics; and (3) financing gaps persist that favour alternative underwriting models, particularly asset-backed lending built on collateral value and recoverability.</li>
<li>Demand for specialised financing should hold up alongside Singapore’s established banking system as a result.</li>
</ul>


Singapore’s listed secured lenders (two deposit-funded finance companies and two pawnbrokers) provide a complementary source of credit to SMEs and to individuals who borrow against property, vehicles, jewellery and gold, and whose financing needs may be smaller, less standardised or more time-sensitive than those typically prioritised by conventional banks.
This role rests on three things: (1) banks’ underwriting appetite and execution speed differ enough to leave openings in smaller, more bespoke credit; (2) borrowing costs remain supportive of specialty-lending economics; and (3) financing gaps persist that favour alternative underwriting models, particularly asset-backed lending built on collateral value and recoverability.
Demand for specialised financing should hold up alongside Singapore’s established banking system as a result.


Singapore’s Secured Lenders: Filling the Credit Gap

Singapore Market Roundup, Singapore Market Roundup

Singapore Market Roundup

<ul><li>Loh of OCBC favors pawnbroking, with MoneyMax as the top choice.</li><li>uSmart issues 'hold' rating on Azeus Systems with a target price of $9.45.</li><li>Jefferies begins coverage on Singapore banks, targets DBS at $91.</li></ul>

Loh of OCBC favors pawnbroking, with MoneyMax as the top choice.uSmart issues 'hold' rating on Azeus Systems with a target price of $9.45.Jefferies begins coverage on Singapore banks, targets DBS at $91.

Singapore Market Roundup (23-Sep-2026): Loh of OCBC prefers MoneyMax for pawnbroking.

Vriddhi Consulting

Punit Khanna

Independent Insight Provider

Equity Bottom-Up

<ul>
<li>Reasonably stable ROE business which is well collateralised against downturn</li>
<li>Earnings growth seems to be sustainable, though partly getting benefit of higher gold prices</li>
<li>Plotting on ROE and ROA basis, it looks like one of the stocks in the Singapore market offering reasonable value</li>
</ul>
 <div class="content-highlight">
 <h2>Raising Money for Persons with Disabilities in Singapore</h2>
 For your kind consideration
 This report has been prepared by Vriddhi Consulting, founded by Punit and Debjani Khanna. A portion of the research was contributed by Shubham Khanna, an individual on the autism spectrum.  We are grateful to Smartkarma for providing a platform to share this research and amplify its impact.
 All proceeds from the publication of this report will be donated to support people with disabilities in Singapore. If you find this report valuable, we invite you to support our campaign, “Raising Money for Persons with Disabilities in Singapore.” Every contribution directly benefits the Goh Chok Tong Enable Fund and qualifies for a 250% tax deduction for Singapore tax residents.
 To contribute, <a href="https://www.giving.sg/donate/campaign/raising-money-for-special-needs-persons-in-singapore" target="_blank" rel="noopener">please visit this URL.</a> 
 </div>


Reasonably stable ROE business which is well collateralised against downturn
Earnings growth seems to be sustainable, though partly getting benefit of higher gold prices
Plotting on ROE and ROA basis, it looks like one of the stocks in the Singapore market offering reasonable value

    
    Raising Money for Persons with Disabilities in Singapore
    For your kind consideration
    This report has been prepared by Vriddhi Consulting, founded by Punit and Debjani Khanna. A portion of the research was contributed by Shubham Khanna, an individual on the autism spectrum.  We are grateful to Smartkarma for providing a platform to share this research and amplify its impact.
    All proceeds from the publication of this report will be donated to support people with disabilities in Singapore. If you find this report valuable, we invite you to support our campaign, “Raising Money for Persons with Disabilities in Singapore.” Every contribution directly benefits the Goh Chok Tong Enable Fund and qualifies for a 250% tax deduction for Singapore tax residents.
    To contribute, please visit this URL. 
    
    

ValueMax Group: Largest Listed Moneylender & Pawnshop

Asia's Leading Online Property Group, PropertyGuru

Bjorn Sprengers

Asia's Leading Online Property Group

PropertyGuru

PropertyGuru Pte Ltd owns and operates a real estate property information website. The Company offers facilities to search for condominiums, apartments, Housing and Development Board (HDB) flats, serviced apartments, houses, and commercial properties to rent and buy in Singapore.

In Part 2 of our 4 part series we address the outlook for the rental market for private residential:<ul><li>The URA’s rental price index for private homes fell 10.6 percent between Q3 2013 and Q3 2016. Analysts are forecasting a significant drop in rents of up to 15 percent this year.</li><li>The volume of foreign manpower is still increasing but at a slower pace. The slowdown in the global economy and the volatility in some industries has resulted in numerous layoffs and renters tightening their belts.</li><li>Renters are expected to focus their attention on the OCR for good rental deals, as prices there fell the most by 6.7 percent in 2016.</li><li> Landlords are expected to provide more incentives to attract tenants, such as flexible lease terms and furnishings to prevent their units from being left vacant over long periods of time</li></ul>

In Part 2 of our 4 part series we address the outlook for the rental market for private residential:The URA’s rental price index for private homes fell 10.6 percent between Q3 2013 and Q3 2016. Analysts are forecasting a significant drop in rents of up to 15 percent this year.The volume of foreign manpower is still increasing but at a slower pace. The slowdown in the global economy and the volatility in some industries has resulted in numerous layoffs and renters tightening their belts.Renters are expected to focus their attention on the OCR for good rental deals, as prices there fell the most by 6.7 percent in 2016. Landlords are expected to provide more incentives to attract tenants, such as flexible lease terms and furnishings to prevent their units from being left vacant over long periods of time

Singapore Residential - Property Market Outlook - Green Shoots Emerging (Part 2 of 4)

In Part 1 of our 4 part series we address the outlook for the sales market for private residential:<ul><li>Private home prices in the Outside Central Region (OCR) are expected to drop by about 2.5 percent in 2017, down from 3.1 percent in 2016 and 3.7 percent in the year before.</li><li>Home buyer affordability will be affected by the ongoing cooling measures, particularly the Total Debt Servicing Ratio (TDSR) and Mortgage Servicing Ratio (MSR).</li><li>In a bid to prevent an oversupply situation in the market, fewer government land sales sites will be released. This will cut the housing supply by a few thousand units in the next two years.</li><li>New private home sales are expected to reach about 8,000 units in 2017. Pent-up demand in the market is likely to contribute to better take-up rates at projects with good location and pricing attributes. </li></ul>

In Part 1 of our 4 part series we address the outlook for the sales market for private residential:Private home prices in the Outside Central Region (OCR) are expected to drop by about 2.5 percent in 2017, down from 3.1 percent in 2016 and 3.7 percent in the year before.Home buyer affordability will be affected by the ongoing cooling measures, particularly the Total Debt Servicing Ratio (TDSR) and Mortgage Servicing Ratio (MSR).In a bid to prevent an oversupply situation in the market, fewer government land sales sites will be released. This will cut the housing supply by a few thousand units in the next two years.New private home sales are expected to reach about 8,000 units in 2017. Pent-up demand in the market is likely to contribute to better take-up rates at projects with good location and pricing attributes.   

Singapore Residential - Property Market Outlook - Green Shoots Emerging (Part 1 of 4)

Singapore

ValueMax Group provides pawnbroking and moneylending services, alongside the retail and trading of pre-owned jewelry and gold. They offer collateralized loans against valuables like jewelry, gold, and watches, as well as secured and unsecured loans for businesses and the automotive industry. The company also sells new and pre-owned jewelry, gold, watches, and luxury bags. Headquartered in Singapore, the group established its first pawnbroking outlet in 1988.

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ValueMax Group (VMAX SP)

Singapore’s Secured Lenders: Filling the Credit Gap

Singapore’s listed secured lenders (two deposit-funded finance companies and two pawnbrokers) provide a complementary source of credit to SMEs and...

8VantEdge

Singapore Market Roundup (23-Sep-2026): Loh of OCBC prefers MoneyMax for pawnbroking.

Loh of OCBC prefers pawnbroking, naming MoneyMax as the top pick. uSmart rates Azeus Systems 'hold' with a $9.45 target; Jefferies targets DBS at $91.

Singapore Market Roundup

ValueMax Group: Largest Listed Moneylender & Pawnshop

Stock in Singapore market offer reasonable value with sustainable earnings growth and stable ROE, collateralised against downturn and benefiting...

Punit Khanna

Singapore Residential - Property Market Outlook - Green Shoots Emerging (Part 2 of 4)

In Part 2 of our 4 part series we address the outlook for the rental market for private residential: The URA’s rental price index for private homes...

PropertyGuru

Singapore Residential - Property Market Outlook - Green Shoots Emerging (Part 1 of 4)

In Part 1 of our 4 part series we address the outlook for the sales market for private residential: Private home prices in the Outside Central...

PropertyGuru

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Singapore’s Secured Lenders: Filling the Credit Gap

Singapore’s listed secured lenders (two deposit-funded finance companies and two pawnbrokers) provide a complementary source of credit to SMEs and...

8VantEdge

Singapore Market Roundup (23-Sep-2026): Loh of OCBC prefers MoneyMax for pawnbroking.

Loh of OCBC prefers pawnbroking, naming MoneyMax as the top pick. uSmart rates Azeus Systems 'hold' with a $9.45 target; Jefferies targets DBS at $91.

Singapore Market Roundup

ValueMax Group: Largest Listed Moneylender & Pawnshop

​Stock in Singapore market offer reasonable value with sustainable earnings growth and stable ROE, collateralised against downturn and benefiting...

Punit Khanna

Singapore Residential - Property Market Outlook - Green Shoots Emerging (Part 2 of 4)

In Part 2 of our 4 part series we address the outlook for the rental market for private residential: The URA’s rental price index for private homes...

PropertyGuru

Singapore Residential - Property Market Outlook - Green Shoots Emerging (Part 1 of 4)

In Part 1 of our 4 part series we address the outlook for the sales market for private residential: Private home prices in the Outside Central...

PropertyGuru

Stock in Singapore market offer reasonable value with sustainable earnings growth and stable ROE, collateralised against downturn and benefiting...