Jinwu Financial News | Huatong Securities International Development Research indicates that in December 2024, COOLLINK (08491) and Zusimeng Group reached a strategic cooperation agreement. According to public information, Zusimeng Group is currently launching products such as sneakers, custom equipment, handbags, belts, and glasses. The Zusimeng brand has reached nearly 1,000 franchise stores. It is currently the only technology wear brand nationwide that uses franchise store service terminals to consumer customers. This strategic cooperation project is expected to enable enterprises to integrate and utilize customer advantages on the consumer side to expand the market, and then seek multi-point growth and cross-market strategic layout on the profit side.
According to the bank, according to the Singapore Tourism Board's forecast, it is expected that the Singapore tourism industry will continue to recover in 2024, and the number of inbound visitors is expected to reach 15 million to 16 million, while bringing in tourism revenue of S$26 billion to S$27.5 billion. Revenue from food wholesale and retail and catering tourism is expected to increase further, and suppliers are also expected to benefit accordingly.
The bank said that the company has more than 20 years of industry experience in the Singaporean ship supply industry and has established stable relationships with suppliers and customers. It is expected that as the number of ships arriving in Singapore and inbound visitors increases, the company's revenue from ship supply customers and other wholesale and retail customers is also expected to increase. The bank estimates that the company's 2024-2026 revenue will be S$3,30.3593, 35.5463 and $37.948 million; EPS will be HK$0.04, 0.06, and 0.18 HKD/share (HKD/SGD exchange rate set at 6.01), respectively. Based on reasonable valuation estimates, combined with stock price catalyst factors, the company will be given a “recommended (first)” investment rating.