Invest for a Sustainable Future, Impact Capital Asset Management

ICAM

Established in August 2020, Impact Capital Asset Management Pte. Ltd. (ICAM) was conceived by seasoned professionals Deepak Mawandia and Atul Tetambe. Both have accumulated a wealth of knowledge and experience from their extensive tenures in the financial sector. In 2019, ICAM secured its RFMC license and subsequently introduced a technology-centric venture fund. By 2021, with the acquisition of its CMS license, ICAM witnessed steady growth in its assets under management.

Presently, ICAM manages a portfolio exceeding USD 1 billion, diversified across various countries. Central to ICAM’s foundation is a commitment to offering a platform singularly dedicated to the best interests of its investor clients. The combined expertise of Deepak and Atul firmly establishes ICAM as a notable entity in the wealth management field.

Invest for a Sustainable Future

Impact Capital Asset Management

Established in August 2020, Impact Capital Asset Management Pte. Ltd. (ICAM) was conceived by seasoned professionals Deepak Mawandia and Atul Tetambe. Both have accumulated a wealth of knowledge and experience from their extensive tenures in the financial sector. In 2019, ICAM secured its RFMC license and subsequently introduced a technology-centric venture fund. By 2021, with the acquisition of its CMS license, ICAM witnessed steady growth in its assets under management. Presently, ICAM manages a portfolio exceeding USD 1 billion, diversified across various countries. Central to ICAM’s foundation is a commitment to offering a platform singularly dedicated to the best interests of its investor clients. The combined expertise of Deepak and Atul firmly establishes ICAM as a notable entity in the wealth management field.

Equity Bottom-Up

<ul><li>At initiation, the main questions were whether profitability truly converted into cash, whether deferred membership income flattered earnings quality, and whether the liquid asset base was as usable as it appeared.</li><li>FY2025 did not overturn the core SUTL case, because the group derives most of its revenue from operating activity and still depends mainly on ONE°15 Sentosa for earnings.</li><li>Full-year revenue rose only 1% to S$39.9m, with sales of goods and services at S$29.9m and membership-related fees and management fees at S$10.0m.</li></ul>

At initiation, the main questions were whether profitability truly converted into cash, whether deferred membership income flattered earnings quality, and whether the liquid asset base was as usable as it appeared.FY2025 did not overturn the core SUTL case, because the group derives most of its revenue from operating activity and still depends mainly on ONE°15 Sentosa for earnings.Full-year revenue rose only 1% to S$39.9m, with sales of goods and services at S$29.9m and membership-related fees and management fees at S$10.0m.

SUTL Enterprise

SUTL Enterprise Limited: Results Update