Risk factor
Very poor trading liquidity
Profitability factor
Strong growth
About
As an investment holding entity, ValueMax Group Limited operates a multifaceted business, predominantly within Singapore, encompassing pawnbroking, moneylending, the sale of jewelry and watches, and gold trading. Its pawnbroking division facilitates loans against a range of valuables, including yellow and white gold pieces, diamond-set jewelry, luxury timepieces, and bullion in the form of gold, platinum, or silver bars and coins. Beyond this, the company extends both secured and unsecured term financing solutions to entrepreneurs and corporations, alongside offering hire purchase and floor stock financing specifically tailored for the automotive sector. Its retail operations showcase a selection of new and pre-owned items, including gold and diamond jewelry, gold bars and coins, esteemed watch brands, and luxury accessories like Hermès bags, available in its various stores. Furthermore, ValueMax participates in the gold market by acquiring scrap gold from fellow pawnbrokers and jewelry dealers, and subsequently supplies refined gold bars to manufacturers, distributors, and retailers within the jewelry industry. The Group maintains a physical presence through its network of pawn and retail establishments located across Singapore and Malaysia. Its ancillary activities also encompass offering management and IT support, business management and consultancy, in addition to managing property holdings. Established in Singapore in 1988, ValueMax Group Limited functions as a subsidiary under the ownership of Yeah Holdings Pte. Ltd.
Company Valuation
Based on key historical and expected multiples, the stock is fairly valued relative to its peers. In particular, the stock is underpriced on P/E, 'expensive' on EV/EBITD.
Target Price
The average target price of T6I.SI is 1.45 and suggests 45% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to incr