Thakral Corporation - Phillip Securities 2025-08-25: Unlocking Value From GemLife IPO

• Thakral Corp's 1H25 PATMI surged 912% y-o-y, far exceeding our expectations and reaching 350% of our FY25e forecast, driven by the unrealised valuation gain of S$102.4mil from the IPO of GemLife. Excluding this, 1H25 PATMI was in line with estimates. The lifestyle segment continued to deliver growth, with revenue/income rising 26%/11%.
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The Positives

GemLife’s successful ASX listing.

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All lifestyle segments continue to grow.

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Above is an excerpt from a report by Phillip Securities Research.
Clients of Phillip Capital may be the first to access the full PDF report @ https://www.stocksbnb.com/.

Read also Phillip's most recent report:
2025-11-24 Thakral Corporation - Monetising Assets Through IPOs And Divestments.

Price targets by other brokers at Thakral Corp Target Prices.

Listing of research reports at Thakral Corp Analyst Reports.

Relevant links:
Thakral Corp Share Price History,
Thakral Corp Announcements,
Thakral Corp Dividend Payout Dates & Corporate Actions,
Thakral Corp News