Singapore Small-Mid Caps - UOB Kay Hian 2025-07-02: Screening For Cash-rich Stocks That Could Be Privatisation Targets

• We did a screening of SGX-listed companies with high net cash as a % of market cap to identify potential privatisation targets and deep value stocks.
  • Stocks we like under our coverage are China Sunsine (1.7x 2025F ex-cash P/E, 5.3% yield) and Valuetronics (3.7x 2025F ex-cash P/E, 6.3% yield).
  • - Read this at SGinvestors.io -

Number of privatisation offers for SGX-listed companies remains elevated in 2025.

• - Read this at SGinvestors.io -
• lack of funding requirements; and
• backing from new partners.
• The highest premium offered in 2024 and 2025 were 174% and 78% vs the last closing price for Isetan (SGX:I15) and Singapore Paincare (SGX:FRQ).

Majority of stocks that receive privatisation offers are trading at or below book value.

• Read more at SGinvestors.io.

Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.

More views on Singapore stock market outlook & investment strategy:
Analysts Say Analyst Reports on Singapore Stock Strategy

Latest research on Singapore stocks @
Analysts Say Stocks & REITs Research Reports
Analysts Say Sector / Industry Research Reports

Latest Stock Ratings & Price Targets @
Analysts Say Price Targets & Stock Ratings Changes
Analysts Say Consensus Target Prices