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Independent Equity Research

We provide independent equity research coverage on publicly listed companies.

Fundamental company analysis

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All research publications are prepared in accordance with internal policies governing independence, conflicts of interest, and regulatory requirements.

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Seismic Brew: Food Empire Holdings (SGX: F03) — BUY, TP S$2.74

Seismic Brew: Food Empire Holdings (SGX:…

Summary: FEH trades at attractive 16x FY26F PE, 3.1x PEG, 3.8% Dividend…

OLD CHANG KEE | SGX:OCK FY26 Results – on track for faster growth

OLD CHANG KEE | SGX:OCK FY26…

Summary: Despite Old Chang Kee FY26 results showed record revenues of $103.5…

OLD CHANG KEE | SGX:OCK Faster Growth – coming up the MRT track

OLD CHANG KEE | SGX:OCK Faster…

Summary: OCK’s vertically integrated business model together with the strategic location of…

LMS COMPLIANCE | SGX:LMS Lucrative Asset Protection – S$100mil Mkt Cap

LMS COMPLIANCE | SGX:LMS Lucrative Asset…

Summary: LMS Compliance (LMS), the next S$100mil market cap asset protection provider…

INFO-TECH SYSTEMS | SGX:ITS  The Next Enterprise SaaS breakout at $0.5bn mkt cap

INFO-TECH SYSTEMS | SGX:ITS The Next…

Summary: Info-Tech Systems (ITS) operates a cloud-based HCM platform for Singapore’s SME…

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