Equity, Bottom-up Analyst, Investics Research

Sameer Taneja

A buy-side analyst with over 18 years of experience investing in Asian markets and specializing in the mid-small cap space, emphasizing value investing in companies with good free cash flows/dividends and long-term holding horizons. 
Exempt Financial Adviser (EFA) under CrossASEAN Research Pte Ltd. It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity, Bottom-up Analyst

Beyond the Beat: CNMC FY2025 Results Signal a Structurally Higher Earnings Base Heading into FY26

OceanaGold Philippines, Inc. (OGP PM): Another Cheap Play On Gold Price

Curator's Cut: Crude Reality, Reshuffling Gold Miners & Banking on Japanese Fintech

CNMC Goldmine Holdings Ltd. (CNMC SP): Cash Rich Gold Play In Singapore

Investics Research

It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity Bottom-up Research

Equity Bottom-Up

<ul>
<li>In our insight, <a href="https://www.smartkarma.com/insights/cnmc-goldmine-holdings-ltd-cncm-sp-cash-rich-gold-play-in-singapore" target="_blank" data-smartkarma-citation="insights:181763" rel="noopener">CNMC Goldmine Holdings Ltd. (CNMC SP): Cash Rich Gold Play In Singapore</a>, we highlighted the potential of <a href="https://www.smartkarma.com/entities/cnmc-goldmine-holdings-ltd" target="_blank" data-smartkarma-citation="entities:9703:1" rel="noopener">CNMC Goldmine Holdings (CNMC SP)</a> as a bullish pure-gold play.</li>
<li>On 29 January 2026 (after going up 4x from April 2025), the Board issued positive profit guidance, confirming a '<a href="https://cnmc.listedcompany.com/newsroom/20260129_200601_5TP_0S0IESMXNLK7S0QM.1.pdf" target="_blank" rel="noopener">significant overall improvement' in net profit for FY2025 vs FY2024</a>.</li>
<li>In our base-case scenario, the stock trades at 10.6x PE and 6.0x EV/EBITDA, with the gold price at 5000 USD/oz, which is undemanding.  </li>
</ul>


In our insight, CNMC Goldmine Holdings Ltd. (CNMC SP): Cash Rich Gold Play In Singapore, we highlighted the potential of CNMC Goldmine Holdings (CNMC SP) as a bullish pure-gold play.
On 29 January 2026 (after going up 4x from April 2025), the Board issued positive profit guidance, confirming a 'significant overall improvement' in net profit for FY2025 vs FY2024.
In our base-case scenario, the stock trades at 10.6x PE and 6.0x EV/EBITDA, with the gold price at 5000 USD/oz, which is undemanding.  


CNMCゴールドマイン（SGX:5TP）：金価格の上昇、生産能力の拡大、利益の急増というパーフェクトストーム