Review on the 5 Recent Catalist IPO Companies

Despite the delisting wave, many companies have stepped up and list on the Singapore Exchange. In particular, the Catalist Board has seen a flurry of new listings, which is good news for the secondary board, as there has been a lack of new listings in recent years.

With that, we will be looking into these 5 Catalist Companies, which are:

• OTS Holdings Limited (SGX: OTS)
• Econ Healthcare (Asia) Limited (SGX: EHG)
• Aedge Group Limited (SGX: XVG)
• Singapore Paincare Holdings Limited (SGX: FRQ)
• Southern Alliance Mining Limited (SGX: QNS)

1) OTS Holdings Limited (SGX: OTS)

Established in 1993, OTS Holdings Limited is a brand builder and food manufacturing group in the consumer industry with a strong niche in ready-to-eat and ready-to-cook meat products.

The Group's products are distributed under six house brands - "Golden Bridge", "Kelly's", "Golden Lion" and "Orchid" for its non-halal food products, and "El-Dina" and "Kizmiq" for its halal food products. The Group's food products have been marketed and sold in more than 25 countries, including Singapore, Malaysia, Brunei, Hong Kong, Myanmar, India and countries in the European Union.

OTS Holdings Limited first listed on SGX on 17 June 2021 with an IPO price of S$0.23. Within the first 3 days of trading, its share price shot up by more than 70% and hit a high of S$0.395, before easing back and hovering at a range of between S$0.31 and S$0.325.

OTS Holdings Limited’s last trade price stood at S$0.315. This translates into a gain of 36.96% when compared against its IPO price. Currently, its market capitalisation stood at S$67.41 million.

Click here for a recent interview with OTS Holdings Limited’s management.

2) Econ Healthcare (Asia) Limited (SGX: EHG)

Econ Healthcare (Asia) Limited (“Econ Healthcare”) is the largest Private Nursing Home Operator in Singapore and Malaysia with presence in China. Econ Healthcare has over 33 years of experience and is the leading premium private nursing home operator in Singapore and Malaysia.

Currently, Econ Healthcare operates 11 Medicare Centres and nursing homes that are spread across Singapore, Malaysia and China.

Econ Healthcare’s IPO debut was on 19 April 2021 with an IPO price of S$0.28. Similar to OTS Holdings Limited, Econ Healthcare’s share price saw a huge surge within the first few days of trading.

Its share price saw a jump of more than 50% to a high of S$0.435, before falling back and trading at a range of between S$0.325 and S$0.35.

Econ Healthcare’s last trade price stood at S$0.325. This translates into a gain of 16.07% when compared against its IPO price. Currently, its market capitalisation stood at S$83.52 million.

To find out more quick facts about Econ Healthcare, click here.

3) Aedge Group Limited (SGX: XVG)

Established in 2000, Aedge Group Limited is a Singapore-based multi-services provider of three (3) principal services, namely:

• Engineering services.
• Transport services and
• Security and manpower services.

Being a multi service provider enables the Group to offer a comprehensive range of services to meet the diverse needs of its customers across many industries. The Group has built a diverse customer base comprising government agencies, multi-national companies, government linked companies and established large corporations, over the years.

Aedge Group Limited was first listed on SGX on 14 December 2020, with an IPO price of S$0.20. After consolidating for a few months around S$0.20 and S$0.215, its share price surged to a high of S$0.255 by mid may.

Aedge Group Limited’s last trade price stood at S$0.24. This translates into a gain of 20.00% when compared against its IPO price. Currently, its market capitalisation stood at S$25.44 million.

To find out more quick facts about Aedge Group Limited, click here.

4) Singapore Paincare Holdings Limited (SGX: FRQ)

Singapore Paincare Holdings Limited (“Singapore Paincare”) is a medical services group engaged in pain care, primary care and other services. The Group focuses on the treatment of patients suffering from chronic pain and its pain care services include, among others, minimally invasive procedures, cancer pain treatment, specialised injections, pharmacotherapy, and cognitive behavioural therapy.

In addition to pain care treatment, Singapore Paincare’s suite of services includes general medical consultation, management of chronic and acute conditions, health screening and dermatology services.

Singapore Paincare was listed on 23 July 2020 with an IPO price of S$0.22. At the beginning, its share price was trading below the IPO price. Towards mid-November 2020, its share price started to break above the IPO price and hit a high of S$0.23. However, its share price has been on a declining trend since then.

Singapore Paincare’s last trade price stood at S$0.20. This translates into a loss of 9.09% when compared against its IPO price. Currently, its market capitalisation stood at S$35.92 million.

To find out more quick facts about Singapore Paincare, click here.

5) Southern Alliance Mining Limited (SGX: QNS)

Southern Alliance Mining Limited (“Southern Alliance”) is an established producer of high-grade iron ore products in Malaysia. Headquartered in Pahang, Malaysia, the Group is principally involved in the exploration, mining and processing of iron ore for subsequent sale.

The Group sells:

• Iron ore concentrate of low level of impurities with total Fe grade of between 62% to 65% to steel mills and trading companies mainly located in Malaysia and China; and
• Pipe coating materials that are crushed iron ore with a natural characteristic of a higher density for subsea pipes.

Southern Alliance was first listed on SGX on 23 July 2020, with an IPO price of S$0.25. Since its listing, its share price has been relatively stable and on a slow uptrend. However, the commodity boom accelerated this trend and its share price hit a record high of S$1.43 by mid-May 2021. After a minor correction, its share price has been consolidating around the S$1.00 level.

Southern Alliance’s last trade price stood at S$0.95. This translates into a gain of 280.00% when compared against its IPO price. Currently, its market capitalisation stood at S$464.55 million.

To find out more quick facts about Southern Alliance, click here.

Conclusion

Although newly listed companies may not have the track record of established companies, the fact that they are able to trade above its IPO price is testament to the positive market sentiment and good prospects of these companies.

On the other hand, investors who wishes to invest in them should look deeper into their individual business model and financial performance, before taking on the next step.

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