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The successful Space X listing in the US supports broader US space sector valuations, in our view. This will likely be a positive for Addvalue Tech (SGX:A31) which is currently exploring a potential US listing of its Inter-Satellite Data Relay System (IDRS) unit.
- - Read this at SGinvestors.io -
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Retain BUY with Addvalue Tech's target price of S$0.34, pegged to a 30x FY27E price-to-sales ratio.
Premium space valuations likely to continue
- - Read this at SGinvestors.io -
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We estimate a potential market cap for the IDRS unit in the US$180-250m range and the potential to return some cash to shareholders if the IDRS division successfully lists on Nasdaq. This would put Addvalue Tech at the forefront of Singapore’s space/satellite scene and could lead to M&A opportunities.
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The Singapore valuation could rise if the Nasdaq-listed arm value is higher than Addvalue Tech’s Singapore market cap.
ADRS orders likely to surge in coming months
- Read more at SGinvestors.io.
Above is an excerpt from a report by Maybank Research.
Clients of Maybank Securities may be the first to access the full PDF report @ https://www.maybanktrade.com.sg/.
Jarick Seet CFA Maybank Research | https://www.maybanktrade.com.sg/ 2026-06-30
Previous report by Maybank:
2026-06-08 Addvalue Technologies - USD5.1m Order Wins; New Customer Obtained.
Price targets by other brokers at Addvalue Tech Target Prices.
Listing of research reports at Addvalue Tech Analyst Reports.
Relevant links:
Addvalue Tech Share Price History,
Addvalue Tech Announcements,
Addvalue Tech Dividend Payout Dates & Corporate Actions,
Addvalue Tech News
