Singaporean Market Community

A Deeper Look at Frencken Group: Sector, Earnings & Outlook Thinking about investing in a company that is a key player behind the scenes in the technology world? Frencken Group might be on your radar.Read more

DFC based on: Date: August 28, 2025 Forecast Horizon : 5.0 years ## Weighted Average Cost of Capital (WACC) - WACC Value : 0.0296 - Calculation Details : - Equity Market Value : 251,279,184.0 - Debt Market Value : 1,468,357.0 - Total Capital : 252,747,541.0 - Cost of Equity (CAPM) : 0.0292 - Cost of Debt : 0.1276 - Tax Rate : 30.95% ## Capital Asset Pricing Model (CAPM) - Risk-Free Rate : 0.0180 - Beta : 0.41 - Equity Risk Premium (ERP) : 0.0274 - CAPM Formula : Risk-free rate + Beta × ERP - CAPM Value : 0.0292 ## Cost of Debt - Interest Expense : 187,409.0 - Debt Market Value : 1,468,357.0 - Cost of Debt Formula : Interest Expense / Debt Market Value - Cost of Debt Value : 0.1276 ## Growth Model Analysis - Initial Growth Rate : 27.02% - Number of Periods (n) : 5.0 - Terminal Growth Rate : 2.00% ## WACC Data Table | Metric | Value | |:---------------------|-----------------:| | initial FCFF | 1.46232e+07 | | initial growth rate | 0.270176 | | equity market value | 2.51279e+08 | | debt market value | 1.46836e+06 | | tax rate | 0.309485 | | Risk-free rate | 0.018 | | beta | 0.41 | | ERP | 0.0274349 | | terminal growth rate | 0.02 | | forecast horizon | 5 | | Interest expense | 187409 | | number of shares | 4.05289e+08 | ## DCF Fair Value Estimate - Estimated Fair Bear Value: 6.107 - Estimated Fair Base Value: 7.499 - Estimated Fair Bull Value: 11.320 - Expected Value of PERT Distribution: 7.904Read more

An Editorial: Samudera Shipping (S56) – Navigating Volatility Towards Value Samudera Shipping Line Ltd (S56), a key player in Asia's marine shipping landscape, finds itself at a fascinating juncture. Our recent comprehensive valuation analysis, leveraging Discounted Cash Flow (DCF), Dividend Discount Model (DDM), and Market Multiples, suggests a synthesized fair value range of SGD 1.10 to SGD 2.20 per share.Read more

The HourGlass (AGS): A Deep Dive into Intrinsic Value and Future Potential The HourGlass (AGS), a prominent luxury watch retailer based in Singapore, appears to be a compelling investment opportunity, currently trading below its estimated intrinsic value. A thorough analysis, focusing on its operational strength and future prospects, suggests a disconnect between its market price and fundamental worth.Read more

Food Empire (F03) Key Drivers: Product innovation, geographic expansion, and brand building. Potential Growth: Food Empire's growth prospects depend on its ability to execute its expansion plans, maintain brand loyalty, and adapt to changing consumer preferences.Read more

Catalysts Are there any products or services that could move sales or earnings meaningfully? Entry into the EV market with the Scorpio Electric X1 Are there any industry tailwinds this stock is benefitting or hindered from?Read more

Key Takeaways Strong demand for suburban retail space and favorable demographics support high occupancy, stable rental income, and consistent earnings growth. Focus on necessity-driven malls, active asset enhancements, and disciplined capital management provide income resilience and opportunities for future expansion.Read more

Key Takeaways Expansion into multiple asset classes and innovative products diversifies revenue streams and strengthens SGX's competitive position as a gateway for global investors. Technology upgrades, regulatory support, and robust pipeline activity boost operating leverage and support sustainable growth in earnings and revenue diversity.Read more

Key Takeaways Rapid earnings growth expectations from digital and green infrastructure may be overestimated due to integration, competition, legacy exposure, and regulatory risks. Reliance on asset recycling and acquisitions faces execution and market headwinds, while funding and refinancing challenges could constrain future income and margins.Read more