EuroSports Global Limited (SGX: 5G1): An Undervalued Gem in the EV Space

With the Singapore dollar currently weakening, the time might be ripe to explore opportunities in the Singapore stock market. One company that stands out isEuroSports Global Limited (SGX: 5G1), a specialist in distributing ultra-luxury cars like Lamborghini and Touring Superleggera across Southeast Asia.

However, EuroSports is more than just a luxury car distributor—it’s making strides in the electric vehicle (EV) market with its wholly-owned subsidiary,Scorpio Electric Pte. Ltd.. Their flagship product, theScorpio Electric X1, is a premium electric maxi-scooter that has recently secured a Special Purpose License from the Land Transport Authority (LTA) of Singapore, enabling it to hit the roads.

With a global launch and a competitive USD9,800 price point, the X1 is poised to be a major growth driver for EuroSports. For investors seeking to capitalise on Singapore’s emerging EV market,EuroSports Globalcould be a hidden gem worth considering.