Stock research on global mid-cap companies

Evaluate Research

Evaluate Research provides institutional quality stock research on small-cap and  mid-cap companies on a global basis, thus helping connect investors with the company.

At Evaluate Research, we provide free of cost to all investors a 20-25 page Initiation Report which evaluates in great detail all aspects of the company:  growth opportunities, catalysts, business description, competitive positioning, SWOT analysis, risks, etc.  In addition, we determine specific price targets for the company based on detailed 5-year complete forecasts of financial statements including IS, BS, CF, ratios, etc.  Finally, whereas many sell-side brokers offer sketchy and irregular ongoing maintenance research of companies, if not outright dropped or termination of coverage, at Evaluate Research we systematically monitor and regularly publish Update Notes covering quarterly earnings, major corporate events, etc.

All of the research reports are broadly and freely disseminated globally to leading Fund Managers and analysts who invest specifically in mid-size equities, and also on leading investment information platforms including: Bloomberg, Thomson Reuters, FactSet etc.

Stock research on global mid-cap companies, Evaluate Research

Equity Bottom-Up

For the fourth quarter ended December 2017, Haw Par reported revenue of SG$48 mn, up 2.2% YoY. Gross profit increased by 3.9% YoY to 30.6 mn while EPS declined by 21.5% to SG7.2 cents. The decline in EPS was mainly due to increase in distribution and marketing expenses as the company continued its strategy of product and geographical expansion. SGA for the period increased by 70% YoY from SG$5.7 mn in 4Q2016 to SG$9.8 mn in 4Q2017. For the full year FY2017, revenues increased by 10.5% to SG$222.8 mn while EPS remained flat at SG57 cents.
Analyst: Ajeya Patil

For the fourth quarter ended December 2017, Haw Par reported revenue of SG$48 mn, up 2.2% YoY. Gross profit increased by 3.9% YoY to 30.6 mn while EPS declined by 21.5% to SG7.2 cents. The decline in EPS was mainly due to increase in distribution and marketing expenses as the company continued its strategy of product and geographical expansion. SGA for the period increased by 70% YoY from SG$5.7 mn in 4Q2016 to SG$9.8 mn in 4Q2017. For the full year FY2017, revenues increased by 10.5% to SG$222.8 mn while EPS remained flat at SG57 cents.
Analyst: Ajeya Patil

Haw Par Corp

Slow Quarter