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Breaking 0.18 soon.
seem like will test 0.20 later.....
wasted sia.. this one very obvious on the uptrend
but never wrong to lock in profits..
CheongArgh ( Date: 19-Jan-2026 09:26) Posted:
Sold all 500 lots at 160.
Thank u, Raff Edu !
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Repost for those interested.
SmallSmall ( Date: 16-Dec-2025 09:07) Posted:
&bull Raffles Education has faced significant challenges for more than a decade, including a prolonged legal dispute, failed board ouster attempts, and allegations of high executive perks, and governance issues.
&bull The COVID-19 pandemic exacerbated woes, causing student enrollment drops, and revenue declines, compounded by high debt burdens and China regulatory pressures.
&bull Its stock performance reflects this: From ~S$0.80 in late 2010, shares trended downward over years, hitting a low of S$0.03 in Jan 2025. However, 4Q momentum has pushed it to ~S$0.132.
&bull KGI Securities' initiation report dated Dec 15, 2025 highlights an expected multi-year recovery for Raffles in Asian private education.
&bull Analyst Chen Guangzhi recommends OUTPERFORM for the stock with TP S$0.54, and a TP of S$0.34 when convertible bonds are turned into equity. Read more below ...
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Excerpts from KGI report
Analyst: Chen Guangzhi
| Raffles Education: Undergoing a Multi-year Turnaround |
&bull Core Education segment normalisation with stronger unit economics. Raffles Education&rsquo s student enrolment stabilised above 22,000 in FY22&ndash 25, with the FY25 drop of ~4,800 students largely driven by strategic network rationalisation rather than demand weakness.
The Group shifted towards higher-value programmes, lifting average fees per student from below S$3,700 in FY23 to above S$5,000 in FY25, which helped offset the enrolment decline.
Operating metrics remain healthy: course fees/personnel cost stayed above 1.8× , while a 13.7% YoY rise in personnel expenses&mdash well above typical salary increments&mdash signals active headcount expansion to support growth.
&bull Refined geographic focus: expanding ASEAN, reducing China exposure. ASEAN course-fee revenue grew from S$30.1m in FY2021 to S$46.9m in FY2025, supported by resilient demand for its K12 and higher-education programmes, including the 500 students in Raffles American School Johor.
In contrast, North Asia revenue fell from S$54.6m to S$40.6mn as the Group intentionally scaled back its China footprint through campus rationalisation and exits from lower-margin operations.
This strategic rebalancing positions Raffles Education more squarely in ASEAN&rsquo s structurally high-growth private-education market.
&bull Balance-sheet repair gaining traction through lower gearing and falling interest costs. Profitability has long been constrained by thin interest coverage, but the environment is turning supportive as global rates fall and the Group actively deleverages.
Key initiatives include monetising low yielding core and non-core assets&mdash the proposed disposal of Wanbo College announced on 26 November and the
proposed S$121.8m sale of 51 Merchant Road announced on 1 December&mdash to repay major secured loans, as well as converting approximately S$15.5m of insider funding into equity.
With the recent surge in share price, the convertible bonds are now effectively equity holders are incentivised to convert, given the opportunity to more than double their initial investment.
Beyond the convertible bonds, further balance-sheet repair is expected through continued asset divestments and debt-to-equity conversions, collectively
positioning the Group for a structurally lower interest burden and a more sustainable capital structure.
&bull Attractive asset-value arbitrage from undervalued real estate portfolio. Raffles Education owns sizable rental generating and owner-occupied properties across Singapore, Malaysia, Indonesia, Thailand and China that are carried at historical cost, contributing to its depressed P/NTA.
The rental assets alone are worth roughly the Group&rsquo s entire market cap, implying investors are effectively getting the core education business and remaining land bank for free &mdash offering a wide margin of safety.
Furthermore, the market has yet recognized the value of its intangible assets such as university and colleges licences which the company owns in various countries and the brand name of " Raffles Education" .
We initiate Raffles Education with an OUTPERFORM recommendation at a fully diluted TP of S$0.34 and a current TP of S$0.54 using a DCF valuation methodology with a WACC of 8.0% and a terminal growth rate of 2.5%.
 Chen Guangzhi, analystGiven the decline in debt levels and lower interest rates, should the Group&rsquo s profitability improve substantially onwards with potential increase in school fees.
Outlook: Raffles Education will focus its expansion efforts on ASEAN markets, particularly in Malaysia, Indonesia, and Thailand.
The Group is expected to emerge largely debt-free, except for approximately S$20mn of debt at the OUCHK level.
OUCHK is a separately listed entity on the HKEX. With the substantial reduction in borrowings, the resulting interest savings will be significant.
The Company also plans to re-establish a dividend policy, which will reward shareholders and further strengthen the alignment between management and shareholder interests. |
Risks: The student enrolment decline in FY25 highlights ongoing demand volatility amid competitive and cyclical pressures.
Operating across multiple jurisdictions also exposes the Group to regulatory shifts, while rising staff costs, inflation, and currency movements pose margin risks.
Finally, the business remains highly dependent on brand reputation, where any deterioration in perceived quality could materially impact pricing power and future enrolment.
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Long time no see bro. Hmm trendliness also got lion investor will it chiong up soon?
machidrain ( Date: 17-Jan-2026 16:25) Posted:
different. GKE only got asdew and ICH. (2 BB)
Raffles got ( Asdew ICH) + ( LION global OCBC, Maybank Asset, Bobby Lim Chye Huat, Roland Ng San Tiong(Tat Seng),Areca Capital, Azure Capital) So many BB
piscesmonkey ( Date: 17-Jan-2026 16:18) Posted:
| But see gke placement at 97 $8m plus? Under wate |
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no 50 cts no sell
This is no brainer buy of the month, more good news in the making as manifested by the Ultra high networth plus established funds taking on the treasury shares, Just long and keep in your closet and before you know, it is 20 cts above. RSI above 70, MACD turns positive.. It will be another " SANLI" and sunny ......
machidrain ( Date: 17-Jan-2026 16:25) Posted:
different. GKE only got asdew and ICH. (2 BB)
Raffles got ( Asdew ICH) + ( LION global OCBC, Maybank Asset, Bobby Lim Chye Huat, Roland Ng San Tiong(Tat Seng),Areca Capital, Azure Capital) So many BB
piscesmonkey ( Date: 17-Jan-2026 16:18) Posted:
| But see gke placement at 97 $8m plus? Under wate |
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It will, just be patient
machidrain ( Date: 19-Jan-2026 11:00) Posted:
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$0.18 otw.... $0.175 +$0.025
Please don' t post target prices. Shorties will act. It will rises to suitable levels. Thanks.
machidrain ( Date: 19-Jan-2026 11:00) Posted:
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200 otw
Short squeeze?...... 20 otw ?....
WATCH...
Stocky901 ( Date: 19-Jan-2026 10:24) Posted:
Support from very strong investors.. today likely can go 17 series.. ✌ ️ ✌ ️
PQTPQK ( Date: 19-Jan-2026 10:07) Posted:
| let see how it will close today .. |
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Support from very strong investors.. today likely can go 17 series.. ✌ ️ ✌ ️
PQTPQK ( Date: 19-Jan-2026 10:07) Posted:
let see how it will close today ...
tedlim ( Date: 18-Jan-2026 12:12) Posted:
The Funds coming in signifies a new beginning for the Group' s shareholder base.
Last time, their mkt cap at peak was S$3.5 BILLION...now mkt cap at about S$250 million.
Remember recent news..XCL Education (similar to Raffles Edu but not much fixed property assets) is looking to be sold for US$1.5 billion
..https://www.businesstimes.com.sg/international/asean/global-private-equity-firms-eye-singapore-based-xcl-education-sources |
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let see how it will close today ...
tedlim ( Date: 18-Jan-2026 12:12) Posted:
The Funds coming in signifies a new beginning for the Group' s shareholder base.
Last time, their mkt cap at peak was S$3.5 BILLION...now mkt cap at about S$250 million.
Remember recent news..XCL Education (similar to Raffles Edu but not much fixed property assets) is looking to be sold for US$1.5 billion
..https://www.businesstimes.com.sg/international/asean/global-private-equity-firms-eye-singapore-based-xcl-education-sources |
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Sold all 500 lots at 160.
Thank u, Raff Edu !
hope so..
shk363 ( Date: 18-Jan-2026 12:50) Posted:
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tmr gap up past 20
The Funds coming in signifies a new beginning for the Group' s shareholder base.
Last time, their mkt cap at peak was S$3.5 BILLION...now mkt cap at about S$250 million.
Remember recent news..XCL Education (similar to Raffles Edu but not much fixed property assets) is looking to be sold for US$1.5 billion
..https://www.businesstimes.com.sg/international/asean/global-private-equity-firms-eye-singapore-based-xcl-education-sources
Look at their fundamentals...
Since establishing its first college in Singapore in 1990, RafflesEducation has grown to provide a full spectrum of education services through a vast network globally, with net assets of S$640.6 million (as at 30 June 2025) that is underpinned by substantial freehold property assets across Asia.
Version 2.0
- Agile business model in the education industry supported by sustained demand for quality education in Asia
- Scalable platform (built over 35 years) for growth with the trusted Raffles education brand
- Low incremental capex to scale our academic programs in ASEAN, with a focus on our premium K-12 enrolments in Asean prioritising growth in Thailand, Malaysia and Indonesia
- Established education ecosystem with full spectrum of education services through a vast network globally
- EBITDA of at least S$20 million on average over past 3 years highlights resiliency of our underlying education business model
- Net assets of S$640.6 million as at 30 June 2025, underpinned by substantial freehold property assets across Asia
- Advancing towards a net cash position and stronger balance sheet with active leveraging initiatives and supported by prudent financial approach
- Strong founder alignment with funding support and increased equity stake through debt conversion
Latest slides here: https://links.sgx.com/FileOpen/RE_IR_PPT_public_06Jan2026.ashx?App=Announcement& FileID=871434
Ya some placement under water some go up very high. Huat ah
machidrain ( Date: 17-Jan-2026 16:25) Posted:
different. GKE only got asdew and ICH. (2 BB)
Raffles got ( Asdew ICH) + ( LION global OCBC, Maybank Asset, Bobby Lim Chye Huat, Roland Ng San Tiong(Tat Seng),Areca Capital, Azure Capital) So many BB
piscesmonkey ( Date: 17-Jan-2026 16:18) Posted:
| But see gke placement at 97 $8m plus? Under wate |
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