Mid-market focused investment bank within SE Asia, Evolve Capital Advisory Pte Ltd

Evolve Capital Research

Mid-market focused investment bank within SE Asia

Evolve Capital Advisory Pte Ltd

Equity Bottom-Up

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<li>
<a href="https://www.smartkarma.com/entities/zixin-group-holdings-limited" target="_blank" data-smartkarma-citation="entities:7007:1" rel="noopener">Zixin Group (ZXGH SP)</a> is an SGX Catalist-listed, vertically integrated sweet potato value chain operator. </li>
<li>The group harnesses proprietary biotechnology across a closed-loop model spanning seedling research and cultivation, food processing, brand building and distribution, and agricultural waste recovery.</li>
<li>We initiate non-rated coverage on Zixin Group. While Zixin’s post-COVID recovery stood out remarkably amongst SGX Catalist names , a key concern for investors remains the firm’s S-chip overhang.</li>
</ul>



Zixin Group (ZXGH SP) is an SGX Catalist-listed, vertically integrated sweet potato value chain operator. 
The group harnesses proprietary biotechnology across a closed-loop model spanning seedling research and cultivation, food processing, brand building and distribution, and agricultural waste recovery.
We initiate non-rated coverage on Zixin Group. While Zixin’s post-COVID recovery stood out remarkably amongst SGX Catalist names , a key concern for investors remains the firm’s S-chip overhang.


Zixin Group Initiation - Valuations Attractive but S-Chip Concerns Linger

External broker reports(aggregated public sources), KGI Securities Singapore

KGI Securities

External broker reports(aggregated public sources)

KGI Securities Singapore

We are a pioneer Securities & Derivatives, Trading and Clearing Member of Singapore Exchange as well as a pioneer member of ICE Futures Singapore & ICE Clear Singapore. We offer our valued clients round the clock (24 hour) single-touch point for multi-asset clients and 24 hour high-touch desk for global products. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>Favourable policy backdrop. At the policy level, recent No. 1 Central Documents, the Grain Security Law and the 2024–2035 Agricultural Plan all point to a long runway of support for staple crops, high standard farmland and seed innovation.</li><li>Within that framework, potatoes and sweet potatoes have been positioned as flexible “buffer crops,” with an explicit push since 2015 to treat sweet potatoes and other tubers as staple food and to industrialise potatobased staples including sweet potatoes.</li><li>We see Zixin’s integrated model in seedlings, cultivation and processing as a direct beneficiary of these structural tailwinds</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Favourable policy backdrop. At the policy level, recent No. 1 Central Documents, the Grain Security Law and the 2024–2035 Agricultural Plan all point to a long runway of support for staple crops, high standard farmland and seed innovation.Within that framework, potatoes and sweet potatoes have been positioned as flexible “buffer crops,” with an explicit push since 2015 to treat sweet potatoes and other tubers as staple food and to industrialise potatobased staples including sweet potatoes.We see Zixin’s integrated model in seedlings, cultivation and processing as a direct beneficiary of these structural tailwindsContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Zixin Group Holdings Ltd. (ZXGH SP): Policy Tailwinds and Hainan Visibility...

<ul>
<li>Since the Evolve Capital team began its foray into equity research in late 2024, we’ve been active in providing coverage within the small-mid cap space.</li>
<li>Singapore’s economy has outperformed expectations despite tariff-related headwinds. In light of this resilience, we remain constructive on Singapore’s prospects in the year ahead.  </li>
<li>In this note, we present our top ten picks within the SGX Catalist for 2026, which we have primarily selected through bottom-up analysis.</li>
</ul>


Since the Evolve Capital team began its foray into equity research in late 2024, we’ve been active in providing coverage within the small-mid cap space.
Singapore’s economy has outperformed expectations despite tariff-related headwinds. In light of this resilience, we remain constructive on Singapore’s prospects in the year ahead.  
In this note, we present our top ten picks within the SGX Catalist for 2026, which we have primarily selected through bottom-up analysis.


<ul><li>Company Update:10 June 2025 Replicating value chain into Hainan.Expansion into Hainan is underway.</li><li>Zixin Group is actively extending its sweet potato value chain beyond Liancheng County, Fujian, into Lingao County, Hainan, through a revitalisation project spanning 8,961.33 hectares across 12 villages.</li><li>The Hainan site is significantly larger than the Group’s original operations in Fujian, offering considerable potential for replication and scale.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Company Update:10 June 2025 Replicating value chain into Hainan.Expansion into Hainan is underway.Zixin Group is actively extending its sweet potato value chain beyond Liancheng County, Fujian, into Lingao County, Hainan, through a revitalisation project spanning 8,961.33 hectares across 12 villages.The Hainan site is significantly larger than the Group’s original operations in Fujian, offering considerable potential for replication and scale.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Zixin Group Holdings Ltd. (ZXGH SP/42W.SI): More Growth Tailwinds Ahead

<ul><li>Further expansion into Hainan. Zixin Group is expanding its sweet potato value chain from Liancheng County, Fujian, to Lingao County, Hainan, through a Revitalisation Project covering 8,961.33 hectares across 12 villages.</li><li>This new land in Hainan is significantly larger than their original area in Fujian, offering substantial replication potential.</li><li>Although currently in the initial stages, the group anticipates realizing profits from this expansion starting in FY2027. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Further expansion into Hainan. Zixin Group is expanding its sweet potato value chain from Liancheng County, Fujian, to Lingao County, Hainan, through a Revitalisation Project covering 8,961.33 hectares across 12 villages.This new land in Hainan is significantly larger than their original area in Fujian, offering substantial replication potential.Although currently in the initial stages, the group anticipates realizing profits from this expansion starting in FY2027. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Zixin Group Holdings Ltd. - Strong Supply Chain Position Presents Growth Potential

Singapore

Zixin Group is a Singapore-based sweet potato biotech-focused value chain operator in China. The company's core activities include cultivation and supply, product innovation and snack production, brand building, marketing, distribution, and recovery and recycling services. They are involved in the research and development of sweet potato varieties, cultivation of seedlings, supply of fresh sweet potatoes, and production of sweet potato snack products. Headquartered in Singapore, the company was founded in 2007.

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Zixin Group (ZXGH SP)

Zixin Group Initiation - Valuations Attractive but S-Chip Concerns Linger

We initiate non-rated coverage on Zixin Group. While Zixin’s post-COVID recovery stood out remarkably amongst SGX Catalist names , a key concern...

Evolve Capital Advisory Pte Ltd

Zixin Group Holdings Ltd. (ZXGH SP): Policy Tailwinds and Hainan Visibility...

Favourable policy backdrop. At the policy level, recent No. 1 Central Documents, the Grain Security Law and the 2024–2035 Agricultural Plan all...

KGI Securities

Catalist GEMs Poised to Shine (2026)

In this note, we present our top ten picks within the SGX Catalist for 2026, which we have primarily selected through bottom-up analysis.

Evolve Capital Advisory Pte Ltd

Zixin Group Holdings Ltd. (ZXGH SP/42W.SI): More Growth Tailwinds Ahead

The Hainan site is significantly larger than the Group’s original operations in Fujian, offering considerable potential for replication and scale.

KGI Securities

Zixin Group Holdings Ltd. - Strong Supply Chain Position Presents Growth Potential

Zixin Group is expanding its sweet potato value chain from Liancheng County, Fujian, to Lingao County, Hainan, through a Revitalisation Project...

KGI Securities

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