-
We raise our FY27/28E estimates by 3.7% and 2.3%, resulting in a higher Addvalue Tech's target price of S$0.34 from S$0.31, pegged to 30x FY27E price-to-sales, a 65% discount to global peers.
One of our top small-cap picks
- - Read this at SGinvestors.io -
-
We expect a rapid growth phase in the next few years after its turnaround in FY25 and it thus ranks as one of our top picks in the small-cap tech space.
Strong Growth Momentum Likely To Continue
-
Addvalue Technologies (SGX:A31) reported strong FY26 PATMI of US$4.8m, up 148% y-o-y, led by a 60% y-o-y revenue growth, above our expectation. It is also currently undergoing renovations to double its capacity to 200 units per annum and is currently exploring a potential listing of its IDRS (Inter-Satellite Data Relay System) business in the US.
Anti-drone and space solutions to drive growth
- - Read this at SGinvestors.io -
-
Based on feedback from customers, management expects more terminals to be delivered accompanied by more satellite launches in the next 12 months. The ADRS segment is also gaining traction from the anti-drone and smart RF sensing industries. We expect FY27E to continue to be a much stronger year for Addvalue Tech as it is doubling its production capacity.
NASDAQ listing – potential game-changer
- Read more at SGinvestors.io.
