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Which day the surge started?
Stocky901 ( Date: 04-May-2026 17:53) Posted:
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Back to above 160 soon.. after all contra selloff.. 🧐 ✌ ️
Market cap only $536M unless MAS injection to value about 3 times lah ...price maybe 31c ?
Temasek likely to inject funds first before Nasdaq spin off.. 🧐
ysh2006 ( Date: 04-May-2026 14:32) Posted:
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The morning BT report and comments on this stock any listing issue in Nasdaq can MAS/SGX help to settle or AV better don' t go anywhere stay in here hide under MAS/SGX umbella.?
Addvalue should rethink value-unlocking move
The business it plans to spin off may garner a lofty valuation on Nasdaq, but its own shares may be plagued by a holding company discount
[SINGAPORE] When Addvalue Technologies said on Mar 13 that it had formed a working team to realise the full potential of its Inter-Satellite Data Relay System (IDRS) business, it appeared to be embracing the shareholder value-focused mindset that the Monetary Authority of Singapore (MAS) and the Singapore Exchange (SGX) have been trying to encourage through their Value Unlock programme.
It was not long before the working team came up with an actual plan. Before the market opened last Monday (Apr 27), the satellite communications and wireless connectivity group said an application had been submitted to SGX on a proposed spinoff and listing of its IDRS business on Nasdaq.
Addvalue said that it intends to maintain a 51 per cent stake at least in the separately listed unit, and that SGX had concurred with its view that the move would not amount to a chain listing.
The immediate reaction in the market was unequivocally positive. Addvalue&rsquo s shares rocketed on very strong trading volume, ending the day 36.4 per cent higher at S$0.161. Its shares closed on Thursday at S$0.143, up 21.2 per cent over the holiday-shortened week.
Some investors might have misgivings about the longer-term implications of Addvalue&rsquo s value-unlocking strategy, though.
While the IDRS business may garner a lofty valuation on Nasdaq, it is unclear whether the market value of Addvalue&rsquo s stake in this separately listed entity will always be fully reflected in its own share price.
In my view, Addvalue should explain how it would address any potential holding company discount that opens up, and how it would ensure that its own shareholders reap the full benefit of the long-term growth potential of the separately listed IDRS business.
Addvalue should also spell out why its shareholders would not be better off if the IDRS business remained a wholly owned unit of the group &ndash especially in light of the very strong performance of its shares even before the IDRS spinoff was mooted, and the ongoing effort to revitalise the local market.
More relevant than ever
This column suggested last month that Addvalue is one of the few Singapore-listed companies with a business profile overtly aligned with today&rsquo s geopolitical currents.
The largest contributor to the group&rsquo s revenue during the six months to Sep 30, 2025, was its advanced digital radio business &ndash which is riding on demand for unmanned aerial systems, phased array radar used in the aerospace and defence sectors, multi-orbit mobile satellite networks, and complex test and measurement instruments.
The group&rsquo s second-largest revenue generator was its space connectivity division, which encompasses its IDRS business. This business enables on-demand data communication with low earth orbit satellites.
With the imminent listing of SpaceX, the intensifying US-China space race, and rising defence spending around the world, Addvalue has arguably never been more relevant to investors.
For the six months to Sep 30, 2025, Addvalue reported a 53.6 per cent year-on-year increase in revenue to nearly US$8.8 million. Its earnings came in at nearly US$2 million, versus less than US$100,000 for the corresponding six-month period the previous year.
The group&rsquo s space connectivity division achieved a 64.7 per cent increase in revenue to US$3.2 million during the period, while its advanced digital radio division&rsquo s revenue rose 76.6 per cent to more than US$5 million.
On Apr 28, Addvalue said its space connectivity division had secured further new orders worth US$2.9 million from three clients, including one new account. This was on top of the US$13.6 million worth of new orders for IDRS terminals previously announced since November last year, Addvalue said.
Together with the new orders, the group&rsquo s total order book expanded to US$24.9 million.
This stream of new orders, and the company&rsquo s improving profitability, have not gone unnoticed by the market. Even before the spinoff announcement on Apr 27, Addvalue&rsquo s shares had climbed 66.2 per cent since the beginning of the year.
Including the strong gains last week, its shares are up 101.4 per cent so far this year.
Holding company discount?
The way I see it, Addvalue&rsquo s proposed spinoff and listing of its IDRS business on Nasdaq are premature at best.
Even after the strong rally in its shares, the company is still something of a minnow, with a market capitalisation of only S$526.7 million. While a separate listing for IDRS business would enable it to raise equity capital directly and pursue mergers and acquisitions, the move could also dilute investor interest in Addvalue&rsquo s own shares.
This could result in a significant holding company discount &ndash which has plagued a number of companies that own major stakes in separately listed businesses.
For now, the interests of Addvalue&rsquo s shareholders might best be served by the group retaining full ownership of both its key revenue drivers, and putting more resources towards engaging analysts and investors about its growth potential as a combined entity listed in Singapore.
With the implementation of the slew of recommendations by the Equities Market Review Group, the conditions for companies like Addvalue to thrive in the local market are now falling into place.
Last week, MAS and SGX responded to feedback gathered through public consultations on the introduction of the new Global Listing Board (GLB), which will serve as a dual-listing bridge between SGX and Nasdaq.
Under the initiative, the GLB will adopt rules and processes harmonised with Nasdaq, in order to enable companies with market capitalisations of S$2 billion or more to obtain a dual listing with a single prospectus.
Supporting demand for potential listings on the GLB is the Equities Market Development Programme, which is in the process of allocating S$6.5 billion to fund management firms with a strong focus on Singapore-listed companies.
This may kick-start a virtuous circle of rising demand for, and supply of, high-quality dual-listed stocks that help to further enliven the whole market.
Under the circumstances, Addvalue should probably shelve its proposal to spin off one of its most exciting business divisions.
In a couple of years, the higher valuation it is hoping to achieve with a separate Nasdaq listing of its IDRS business may well be achieved anyway &ndash by simply keeping the whole group intact and listed in Singapore.
With market cap only $526M, how this counter can go Nasdaq to list ?.....Mas can help or institution SS to push up the shares three times more ?
Ah Moh Durian season
May is good Durian season
May is good Durian season
yup.. huge gap to cover.. lets wait out
sgtrader ( Date: 30-Apr-2026 13:03) Posted:
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I saw that Seatrium has dual listing but share price is so so.....
is there other list SGX counter that does dual listing in NASDAQ? Can do some references.
is there other list SGX counter that does dual listing in NASDAQ? Can do some references.
Trainner ( Date: 01-May-2026 19:03) Posted:
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Let's observe the movement first
How much is the cost of listing? Is it very high?
TA_Expert ( Date: 01-May-2026 16:15) Posted:
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Looked at how did Maybank helps its clients to make millions.
https://sginvestors.io/analysts/research/2026/03/addvalue-technologies-maybank-research-2026-03-19
From $0.12 to $0.31.
AddValue has to give him a big red packet.....
https://sginvestors.io/analysts/research/2026/03/addvalue-technologies-maybank-research-2026-03-19
From $0.12 to $0.31.
AddValue has to give him a big red packet.....
The Spin-Off Group has not submitted any formal listing application to any relevant regulatory authorities. The Proposed Spin-Off Listing is dependent on, inter alia, the results of the preparatory work to be undertaken, requisite approvals from relevant regulatory authorities and any relevant third parties, and the then-prevailing market conditions, amongst others. Accordingly, there is no assurance that the Proposed Spin-Off Listing will materialise.
The Proposed Spin-Off Listing would be subject to approval of the Shareholders.
Shareholders of the Company and potential investors should note that the Proposed Spin-Off Listing and the final structure of the Spin-Off Group are in their PROPOSED SPIN-OFF LISTING OF A WHOLLY-OWNED SUBSIDIARY, ADDVALUE SOLUTIONS PTE. LTD., ON THE NASDAQ STOCK MARKET 3 preliminary stages and are dependent on and subject to, among others, the prevailing market conditions and approvals from the relevant authorities. Accordingly, there is no assurance as to whether and when the Proposed Spin-Off Listing will be implemented or completed.
Shareholders and potential investors are reminded to exercise caution when dealing in the securities of the Company and should consult their stockbrokers, bank managers, solicitors, accountants or other professional advisers if they are in doubt about the actions they should take.
The Proposed Spin-Off Listing would be subject to approval of the Shareholders.
Shareholders of the Company and potential investors should note that the Proposed Spin-Off Listing and the final structure of the Spin-Off Group are in their PROPOSED SPIN-OFF LISTING OF A WHOLLY-OWNED SUBSIDIARY, ADDVALUE SOLUTIONS PTE. LTD., ON THE NASDAQ STOCK MARKET 3 preliminary stages and are dependent on and subject to, among others, the prevailing market conditions and approvals from the relevant authorities. Accordingly, there is no assurance as to whether and when the Proposed Spin-Off Listing will be implemented or completed.
Shareholders and potential investors are reminded to exercise caution when dealing in the securities of the Company and should consult their stockbrokers, bank managers, solicitors, accountants or other professional advisers if they are in doubt about the actions they should take.
ysh2006 ( Date: 01-May-2026 07:52) Posted:
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Singapore government can help it listing in overseas ?
ysh2006 ( Date: 01-May-2026 07:52) Posted:
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Wht is the market Cap this stock for Nasdaq isting ?
I felt that too. Shares up on good news & subsequently sell down. Look like " sell in May, go for holiday or break & come back in August" has ard started.
Taylor ( Date: 30-Apr-2026 12:57) Posted:
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sgx buy in 630lots those shorted and leave naked high near 169 huat ka xiao. easy money shorting
Waiting for price to come back to $0.125.. Stay Patience. Let money come to me.
Market moment not so good
Any chance must get out
I'm not sure sell in may coming 😔
Cash 💰 over weekend
Can buy again Monday
Any chance must get out
I'm not sure sell in may coming 😔
Cash 💰 over weekend
Can buy again Monday