Added to YB: 2025-07-23
Pitch date: 2025-07-21
AWI.SI [bullish]
Thakral Corporation Ltd
+5.68%
current return
Author Info
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Company Info
Thakral Corporation Ltd, an investment holding company, markets and distributes beauty, fragrance, and lifestyle products in Singapore, India, rest of South Asia, the People’s Republic of China, North America, Australia, Japan, and internationally.
Market Cap
SGD 249.3M
Pitch Price
SGD 1.34
Price Target
3.00 (+111%)
Dividend
3.59%
EV/EBITDA
4.65
P/E
1.44
EV/Sales
0.84
Sector
Distributors
Category
value
Thakral Corporation: A Conglomerate Reimagined
AWI.SI: High-quality assets at 6x normalized earnings & 50% discount to NAV. GemLife (50% of NAV) IPO'd at A$1.58B, now 16.8% owned. Core property (20% NAV) in Japan/Singapore at 96% occupancy. Lifestyle div (20% NAV) profitable since 2022, exclusive DJI drone distributor in 7 countries. Key risks: Australian property market & regulatory scrutiny.
Read full article (12 min)