- Addvalue Tech (SGX:A31) is one of the rare Asian space/drone plays in a rapid growth mode.
Re-rating higher to global peers’ valuation
- With the potential listing of SpaceX, the wars in Ukraine and Iran, global space and drone valuations have surged in the past few months, especially in the US. Global peers are mostly loss-making and trading at an average price-to-sales multiple of 85.6x, significantly higher than Addvalue Tech’s 11.3x.
- - Read this at SGinvestors.io -
Exploring NASDAQ spinoff listing for IDRS
- - Read this at SGinvestors.io -
- We estimate a potential market cap in the US$200-300m range, allowing Addvalue Tech to raise capital at a much higher valuation and return cash to shareholders.
- SGX-ST concurs with the Addvalue Tech’s view that the Proposed Spin-Off Listing would not amount to a chain listing, subject to compliance with the SGX-ST’s listing requirements and guidelines.
ADRS business gaining momentum
- Read more at SGinvestors.io.
