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PC Partner
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Shift from HKEX to SGX
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Alignment
Elite |
02-Sep-2026 19:33
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The most resilent AI stock on SGX. | ||||
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ltinvest
Member |
31-Aug-2026 13:41
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COMPANY REPORT, by KGI
Publication Date: 27 Aug 2026 Company Report: PC PARTNER GROUP LTD (PCPG SP / PCT.SI) VALUATION & ACTION Outperform Valuation We reiterate our OUTPERFORM rating with a 12-month DCF value of S$6.33, implying 127.8% upside from S$2.78. |
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sfw2124
Senior |
27-Aug-2026 17:20
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PCT &mdash AI SERVER STORY: WHAT&rsquo S REAL? A quick layman&rsquo s take after checking the latest KGI and PC Partner updates. 1️ ⃣ AI server is no longer just a story. PC Partner reportedly shipped its first AI/GPU server in July 2026, with initial projects in Malaysia and Indonesia. This is an important step from &ldquo AI opportunity&rdquo to actual commercial shipment. 2️ ⃣ Management expects AI servers to contribute in 2H26. The target is around US$150m AI-server revenue in 2H26, roughly 15% of group revenue. Management is also targeting significantly higher AI-server revenue in 2027. 3️ ⃣ Margins are encouraging. AI-server gross margins are guided around 13&ndash 16%, broadly comparable with the core gaming GPU business. 4️ ⃣ KGI has become much more bullish. KGI' s latest 27 Aug report gives OUTPERFORM and reportedly a S$6.33 12-month valuation. This is a very big jump from KGI' s earlier S$2.54 target. 5️ ⃣ But don' t get carried away yet. One shipment does NOT prove that PCT has already built a large, recurring AI-server business. The key things to watch are: 👉 Repeat AI-server orders 👉 More customers / data-centre projects 👉 2027 AI-server revenue actually materialising 👉 Sustained 13&ndash 16% margins 👉 Cash flow keeping pace with earnings 👉 Inventory not growing faster than sales My simple takeaway: PCT is becoming more interesting because the AI-server story has moved from &ldquo potential&rdquo &rarr &ldquo first commercial shipment.&rdquo The real investment test is whether it can progress: 1st shipment &rarr 2H26 revenue &rarr repeat orders &rarr 2027 scale &rarr sustainable profits. So I wouldn' t buy simply because someone says &ldquo KGI TP S$6.33.&rdquo That' s an analyst valuation, not a guarantee. For me, the key question is: CAN PCT TURN ITS FIRST AI-SERVER SHIPMENT INTO A RECURRING, SCALABLE AND PROFITABLE BUSINESS? If YES, the valuation story becomes much more interesting. If NO, the S$6.33 target could prove too optimistic. Not financial advice &mdash just sharing my reading of the latest developments
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superstartup
Supreme |
27-Aug-2026 11:57
Yells: "Enjoy doing Fundamental Research" |
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COMPANY REPORT, by KGIPublication Date:27 Aug 2026
Company Report: PC PARTNER GROUP LTD (PCPG SP / PCT.SI)VALUATION & ACTIONOutperform ValuationWe reiterate our OUTPERFORM rating with a 12-month DCF value of S$6.33, implying 127.8% upside from S$2.78.
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superstartup
Supreme |
27-Aug-2026 11:41
Yells: "Enjoy doing Fundamental Research" |
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20 Aug 2026
PC Partner expects AI server to start contributing in 2H26PC Partner' s post-results briefing confirms its first AI/GPU server shipment in July, with management now guiding AI server gross margins in line with the core gaming GPU business and a significantly higher 2027 AI server revenue target |
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parcvista
Member |
27-Aug-2026 09:11
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That is a huge forcast
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SAINTE
Member |
27-Aug-2026 09:05
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KGI 12 months TP 6.33. wow | ||||
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muifan
Supreme |
17-Aug-2026 16:44
Yells: "Take the leap of faith dont regret 20 years later!" |
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MSW AAA grade also selling off...the rest lower grades one jialat... | ||||
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parcvista
Member |
17-Aug-2026 16:23
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looks like sell on news | ||||
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softdrink
Member |
17-Aug-2026 16:09
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Expected today to be in a range of 3.30-3.45 after the news. I will run for now since it is sell on news. If this dividend news failed to push up share price, I do not know what will. |
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spursfan
Supreme |
17-Aug-2026 14:26
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But also up like seow from beginning of the year. Anyway it all depends when you buy.
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kye_lin
Master |
17-Aug-2026 14:06
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This one another sell on news.... Drop like seow... | ||||
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spursfan
Supreme |
14-Aug-2026 20:48
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PC Partner reported its 1H2026 interim results on August 14, 2026, featuring a net profit of HK$545.5 million (up 117.9% year-over-year from HK$250.4 million), mainly driven by more orders on ODM/OEM VGA Cards business segment.
Revenue rose 1.5% to HK$6.45 billion, EPS reached HK$1.406 (compared to HK$0.645 last year), and an interim dividend of SGD 0.10 per share was declared. Financial Highlights
Net Profit: HK$545.52 million, surging 117.9% from HK$250.36 million in 1H2025
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Revenue: HK$6.450 billion, increasing 1.5% from HK$6.355 billion in the previous corresponding period.
Earnings Per Share (EPS): HK$1.406, up from HK$0.645 in 1H2025. Interim Dividend: SGD 0.10 per share
The Group remains confident in achieving overall sales revenue growth in 2026. Continued growth in the GPU server and AI related business is likely to become a key driver, helping to offset a potential decline in other business segments caused by supply constraints in the coming years https://links.sgx.com/1.0.0/corporate-announcements/4GEAH2G7RGVJAE5Q/901299_Interim%20Results%20Announcement_14%20Aug%2026.pdf |
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muifan
Supreme |
14-Aug-2026 16:27
Yells: "Take the leap of faith dont regret 20 years later!" |
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durians got different grades, tech stocks also... | ||||
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softdrink
Member |
12-Aug-2026 16:07
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I like the recent movement. Break out soon! | ||||
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Alignment
Elite |
05-Aug-2026 11:19
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Bullish indeed. The strongest AI name on SGX in terms of momentum right now. | ||||
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trader1970
Elite |
04-Aug-2026 09:17
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PC Partner Group Ltd forms bullish " Symmetrical Continuation Triangle" chart pattern Aug 03, 2026 Trading Central has detected a " Symmetrical Continuation Triangle (Bullish)" chart pattern formed on PC Partner Group Ltd (PCT:SGX-ST). This bullish signal indicates that the stock price may rise from the close of 2.870 to the range of 3.550 - 3.650. The pattern formed over 23 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis. Tells Me: The price has broken upward out of a consolidation period, suggesting a continuation of the prior uptrend. A Symmetrical Continuation Triangle (Bullish) shows two converging trendlines as prices reach lower highs and higher lows. Volume diminishes as the price swings back and forth between an increasingly narrow range reflecting uncertainty in the market direction. Then well before the triangle reaches its apex, the price breaks out above the upper trendline with a noticeable increase in volume, confirming the pattern as a continuation of the prior uptrend. This bullish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology. |
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Joelton
Supreme |
20-Jul-2026 11:47
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LC Capital extends PC Partner position Rich Capital raises S$1.28 million in placement agreement [SINGAPORE] Over the five sessions from Jul 10 to 16, more than 50 director interests and substantial shareholdings were filed for 20 primary-listed stocks. Directors or CEOs reported seven acquisitions and three disposals, while substantial shareholders recorded 14 acquisitions and five disposals. These included director or CEO acquisitions filed for HealthBank Holdings : 40B 0%, Nam Cheong : 1MZ 0%, Stamford Land Corporation : H07 +1.02%, SunMoon Food Company : AAJ 0% and UltraGreen.ai : UGS -1.27%. Among the substantial shareholder filings, American Century Investment Management has ceased to be a substantial shareholder of Rex International Holding : 5WH 0% after disposing of 1.593 million shares through a market transaction on Jul 8. The disposal reduced its interest in the oil and gas company from 69.03 million shares or 5.08 per cent, to 67.44 million shares or 4.96 per cent. Share buybacks Also during the five sessions, there were 15 primary-listed companies that conducted buybacks. These buybacks had a total consideration of S$66 million, led by Singtel : Z74 +1.14%, which bought back 11.8 million shares at an average price of S$4.40 apiece. Secondary-listed Jardine Matheson : J36 +1.57% bought back 125,000 shares at an average price of US$61.61. Kopernik builds long-term position in Golden Agri-Resources Kopernik Global Investors has steadily increased its interest in Golden Agri-Resources : E5H 0% over the past three years. Its latest filing saw its deemed interest rise from 6.97 to 7.07 per cent, after the acquisition of 13.8 million shares on Jul 10 at S$0.275 apiece. The latest increase extends a position that re-emerged above the substantial shareholder threshold in June 2023. At the time, Kopernik acquired 54.2 million shares at S$0.26 apiece, increasing its interest from 4.998 to 5.425 per cent. It subsequently increased its stake to 6.07 per cent in June 2025 through the acquisition of 14.2 million shares at S$0.25 apiece. The 2026 filing lifts Kopernik&rsquo s deemed interest to 897 million shares. The interest, as noted in the filing, is deemed because Kopernik has discretionary disposal power over the shares in its role as investment adviser. The increase follows a period in which Golden Agri-Resources reported resilient operating performance. Its revenue increased 6 per cent year on year to US$3.23 billion in the first quarter of FY2026, supported by higher downstream merchandising volumes. Gross profit rose 4 per cent to US$450 million. The company highlighted higher biofuel mandates, constrained vegetable oil supplies and developing El Nino conditions as factors supporting crude palm oil prices. At its April annual meeting, Golden Agri-Resources noted that artificial intelligence technologies are already being deployed across its operations to enhance efficiency and support management processes. It also highlighted accelerated replanting and productivity initiatives aimed at improving plantation yields over the coming years. Substantial shareholder disclosures provide a transparent record of institutional conviction. Kopernik&rsquo s interest has increased from 5.425 per cent in June 2023 to 7.07 per cent in July 2026, reflecting a multi-year accumulation of Golden Agri-Resources shares by a global value-oriented investment manager. LC Capital extends deemed interest in PC Partner above 11% LC Capital Management increased its deemed interest in PC Partner Group : PCT -2.26% from 9.01 to 11.01 per cent across filings on Jul 13 and Jul 15. Its deemed interest increased from 34.96 million to 42.73 million shares, reflecting both the addition of a discretionary managed account that came under its investment authority from Jul 13 and the acquisition of 516,400 shares through a market transaction on Jul 14. The latest increase extends a series of stake increases through which LC Capital became a substantial shareholder on Apr 1. It subsequently increased its interest above the 6 per cent, 7 per cent, 8 per cent and 9 per cent thresholds on Apr 20, May 7, Jun 10 and Jul 6, respectively. The Jul 13 and Jul 15 filings lifted its deemed interest above the 10 and 11 per cent thresholds, respectively. LC Capital&rsquo s deemed interest arises from shares held by sub-funds under its discretionary management as well as shares held in discretionary managed accounts, over which it exercises investment discretion and voting control. LC Capital&rsquo s flagship fund is a global long-bias fundamental equity fund benchmarked to the MSCI World Equity Index. Volare emerges as substantial shareholder in BBR Holdings Volare Group emerged as a significant shareholder of BBR Holdings : KJ5 -2.22% this week through two off-market acquisitions completed on Jul 10 and Jul 13. The Swiss-based investment group acquired a total of 43 million shares for S$12.9 million, increasing its direct interest from 1.35 to 14.69 per cent within three days. The first transaction on Jul 10 saw Volare acquire 13.5 million shares for S$4.05 million, lifting its stake to 5.54 per cent and making it a substantial shareholder. A second acquisition of 29.5 million shares for S$8.85 million on Jul 13 subsequently increased its interest to 14.69 per cent. Both transactions were conducted off market. The filings also disclosed that Volare is 93 per cent owned and controlled by Cielo Holding, which is wholly owned and controlled by Daniel Sieber. As a result, both Cielo Holding and Daniel Sieber reported corresponding deemed interests in BBR Holdings. Independent director increases stake in UltraGreen.ai Nicky Tan, an independent non-executive director of UltraGreen.ai, acquired 25,000 shares in the company through an open-market transaction on Jul 13 for a total consideration of S$39,500. The acquisition increased his direct interest from 105,000 to 130,000 shares. The purchase followed an earlier open-market acquisition on Apr 20, when Tan acquired 24,800 shares for US$32,736, increasing his direct interest from 80,200 to 105,000 shares. Across the two disclosed transactions, he acquired a total of 49,800 shares. The April and July purchases were completed at average prices of US$1.32 and S$1.58 per share, respectively. The differing currencies reflect UltraGreen.ai&rsquo s dual-currency trading structure, with the company maintaining both US dollar and Singapore dollar trading counters on the Singapore Exchange that represent the same underlying shares. Tan is chairman of the Intellectual Property Office of Singapore (Ipos) and heads nTan Corporate Advisory. Prior to establishing the advisory firm, he held senior corporate finance and financial advisory leadership positions at Arthur Andersen Singapore and Asean, and PwC Singapore and Asia-Pacific. He has served on the boards of Singtel, Fraser and Neave, Sembcorp Industries and Singtel Optus. HealthBank Holdings: S$2.7 million placement to support new business and acquisition opportunities HealthBank Holdings : 40B 0% announced on Jul 13 that it has entered into subscription agreements with three investors for the placement of up to 70.7 million new shares at S$0.0378 apiece, raising gross proceeds of about S$2.67 million. The company intends to use the estimated net proceeds of about S$2.66 million to finance new businesses, strategic investments, acquisitions and expansion opportunities. The placement follows a two-tranche subscription completed in October 2025 and January 2026, and the receipt of a listing and quotation notice for a separate placement in April 2026. Listed on Catalist, HealthBank has said that it is focused on growing new businesses, strategic investments and acquisitions as it seeks to generate sustainable long-term shareholder value and diversify its revenue streams. The latest placement will fully utilise the company&rsquo s shareholder mandate for non-pro-rata share issuances approved at its April annual general meeting. For FY2025 ended Dec 31, HealthBank reported revenue of 140,000 yuan (US$20,670) and a net loss of 3.29 million yuan, improving from a net loss of 8.22 million yuan in FY2024. The group ended FY2025 with 1.68 million yuan in cash and bank balances, and net assets of 14.1 million yuan. Rich Capital Holdings: S$1.28 million placement to fund new business opportunities and working capital Rich Capital Holdings : 1U8 0% announced on Jul 15 that it has entered into a placement agreement for up to 18 million new shares at S$0.071 apiece, raising gross proceeds of up to S$1.28 million. The issue price represents an 8.97 per cent discount to the volume weighted average price of the shares on Jul 14. The company expects net proceeds of approximately S$1.22 million, with 50 per cent intended for new business opportunities including projects, investments, partnerships and acquisitions, and the remaining 50 per cent for general working capital. If fully subscribed, the placement shares will represent 49.03 per cent of the company&rsquo s existing issued share capital. Listed on Catalist, Rich Capital Holdings is engaged in property development, property investment, project management and specialist construction services in Singapore and the region. The company said that the placement will strengthen its financial position, support future growth opportunities, broaden its shareholder base and improve trading liquidity. The move follows the completion of the disposal of Rich Batam and its subsidiary in May 2025. For FY2026 ended Mar 31, Rich Capital reported revenue of S$1.01 million, compared with S$1.24 million in FY2025. The group broke even in FY2026, compared with a net loss of S$1.07 million in FY2025, supported by a S$1.07 million gain from the disposal of Rich Batam and its subsidiary. As at Mar 31, equity attributable to owners of the company stood at S$1.90 million, net asset value per share was S$0.0518 and cash and cash equivalents were about S$1.73 million. |
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Alignment
Elite |
19-Jul-2026 00:39
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AI story being challenged again in US with concerns about overspend and value for money given availability of new high performance Chinese AI models. And especially whether there is demand outside the US for the US models if the US government can just switch off access at any time. Difficult to know how things will play out but in terms of keeping AI exposure on SGX this is certainly one of the names to have. Better value than the other ones, and operationally clearly very strong. A lower risk option, relatively speaking. |
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chiachiawee
Elite |
17-Jul 12:47
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Assuming 6 months double EPS it will be HKD1.27, approximately S$0.2 for this half year, and annualised for the full year will be S$0.4. At this price, it is trading at a single-digit P/E. Also note that one fund management company has been actively increasing its stake over the past 6 months, with the most recent purchase on 15 July for 516k shares at $2.54 apiece, reaching 11.01% shareholding. I have certainly missed a gem here. Time to allocate some funds to pick this up. Cheers. | ||||
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