SG small/mid cap stocks are blasting off!

LionGlobal Singapore Trust Fund has just reached an important milestone - assets under management of SG$1.25 billion.

It marks an important achievement for Singapore’s Equity Market Development Programme (EQDP) that has sparked interest in the Singaporean stock market.

TLDR: there’s been growing interest in SG stocks recently. We’d love your quick thoughts - please help us answer 2 questions to shape our direction forward (takes <30 seconds).

👉 Take the survey here.

Cheers,
InvestKaki Team 🤜🤛

Moving on, here are the news that shocked the world…

Ceasefire $SPX ( ▼ 0.11% ): The U.S. and Iran has agreed to a 2-week ceasefire, which means that the Strait of Hormuz will reopen [Read More]

Neurocrine X Soleno $NBIX ( ▼ 2.09% ) $SLNO ( ▲ 0.23% ): Neurocrine is buying Soleno for US$2.9 billion as it seeks to expand its endocrinology and rare disease portfolio [Read More]

Pershing X UMG $PSTH ( ▲ 0.05% ) $UMGP ( ▼ 23.69% ): Pershing is planning to buy Universal Music Group for a whopping US$64 billion as it views UMG’s share price to be undervalued [Read More]

Intel X Elon Musk $INTC ( ▲ 1.07% ) $XCORP ( 0.0% ): Elon Musk is working together with Intel in the Terafab project to produce specialised AI chips for X, Tesla and SpaceX [Read More]

Novo Nordisk $NVO ( ▲ 0.21% ): Novo Nordisk is releasing a higher-dose weight loss medication, Wegovy in the United States that has proven to reduce weight by up to 25% [Read More]

Here are the news covering the Asia market…

ByteDance: BytdeDance, the company behind TikTok, is now valued at US$600 billion after a proposed equity sale [Read More]

Govt Support: The Singaporean government has announced SG$1 billion in policy support which includes tax rebates, cost of living payment increases, and grocery vouchers [Read More]

Link REIT: Link REIT has entered into talks with Jack Investment to divest its Swing By @ Thompson Plaza asset for SG$250 million [Read More]

Digital Realty: Digital Realty is investing SG$7 billion in Singapore to develop new data centres and an AI inference hub [Read More]

Oiltek: Oiltek has secured a US$350 million contract from Bioseaga Industries to build a sustainable aviation fuel plant in Sabah [Read More]

LionGlobal Singapore Trust Fund is managed by Lion Global Investor, and more specifically by fund manager, Erica Lau.

It focuses on small- and mid-cap stocks on the Singapore exchange.

And its performance has been strong. Its net asset value has doubled in the past 3 years, and the fund gained 38% in 2025 alone. This strong performance was driven by the EQDP program that aimed to inject funds into the Singaporean market.

The fund has been a main beneficiary.

Its portfolio is heavily weighted towards the financial, industrial, communication and information technology sectors, where they make up 77.2% of their portfolio. Their biggest holdings are

Lastly, the fund’s strategy and outlook is simple:

Invest in Singapore equities and diversify across the sectors as they are supported by MAS and SGX market revitalistion efforts.

How this long-term investor played the long game.

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Astera Labs designs manufactures and sells semiconductor-based connectivity solutions for cloud and AI infrastructure.

Why we like this: In its latest 2025 full-year results, revenue more than doubled to $825 million on the back of higher demand for its Intelligent Connectivity Platform services.

It has also recently became profitable, registering a profit of $219 million, after years of losses. Earnings are projected to grow by 29% for the next financial year, as Astera Labs services are tightly linked to the AI industry.

Valuations are expensive at this point, as its price-to-earnings ratio is trading at 102 times, but analysts are bullish on the stock. Target price is set at $204 with an implied upside of +58%.

FirstSun Capital Bancorp is a bank that provides consumer and commercial banking to customers in the United States.

Why we like this: FirstSun Capital Bancorp is fresh off its merger with First Foundation that has effectively enlarged its loan portfolio base. In 2025, revenue increased at a rate of 8.4%, while profits are up by 29%.

Earnings are projected to grow by 43.6% for the next financial year, and its potentially 46.1% undervalued by discounted cash flow (DCF) valuation.

Hesai Technology makes light detection and ranging (lidar) solutions for the global market. Its solutions are used in vehicles and the AI industry.

Why we like this: It has recently became profitable in 2025, generating $435.9 million after years of losses. Revenue also grew by 45.8% driven by ADAS and Robotics lidar products.

According to Gasgoo, it is also the market leader in the long-range automotive lidar industry with 40% market share. Earnings are projected to grow by 27.3% for the next financial year.

Analysts are projecting the company at a bullish rate. Target price is set at US$30.4 with an implied upside of +39.5%.

BillionToOne is a precision diagnostics company in the oncology and prenatal industries.

Why we like this: Revenue has just doubled to US$305 million in the latest financial year of 2025. It has also become profitable, generating about US$2.9 million.

The company has strong price-setting power, as its average selling price per test has increased by 47% in 4Q 2025 to $561 per test.

Earnings are projected to grow by 39.1% for the next financial year. Analysts are setting a target price of US$116.7 with an implied upside of +41.5%.

Precigen discovers and develops gene cell therapies to target immuno-oncology, autoimmune disorders, and infectious diseases.

Why we like this: Another healthcare company that is getting investors’ attention. Earnings are projected to grow by 68.3% for the next financial year.

According to DCF valuation, the company is considered 90% undedrvalued.

Cheers,
James Yeo