Addvalue Tech

Key questions raised cover financial reporting transparency, strategic investors

The group’s order book now stands at about US$20.2 million

The satellite communications firm’s net profit for the half-year is up 48.5% at US$2.9 million

Two corporate transactions have been quietly telling a bigger story about Singapore’s market this week. One involves a landmark S$3.9 billion deal that puts one of Orchard Road’s most recognisable assets into new hands. The other involves a home-grown tech company chasing a Nasdaq listing for its most exciting business unit. Together they say a lot about where Singapore’s market is strong, where it is still lagging and what the revitalisation push is really up against.

The business it plans to spin off may garner a lofty valuation on Nasdaq, but its own shares may be plagued by a holding company discount

Addvalue Solutions deals with the group’s activities involving the Inter-Satellite Data Relay System

Addvalue is also a ‘rare Asian space/drone play in rapid growth mode’, say analysts

It aims to realise the business’ full potential via strategic options, particularly US opportunities

ST Engineering and local telcos are among the expected potential beneficiaries