Independent Investment Research,
Organised for Long-Term Decision-Making
Company notes, side-by-side comparisons, rankings and decision history. Everything is structured so each thesis can be revisited, challenged and updated as facts and prices change.
Current Ranking — SGX
View full ranking →| Rank | Company | Base IRR | Role | View |
|---|---|---|---|---|
| 1 | Food Empire F03 | 13%–17% | Growth compounder | Accumulate |
| 2 | Sembcorp Industries U96 | 12%–16% | Value and growth | Accumulate |
| 3 | Singtel Z74 | 10%–12% | Defensive core | Buy on weakness |
| 4 | Stoneweg Europe Stapled Trust SET / SEB | 10%–14% | High-income satellite | Selective buy |
| 5 | Alpha Integrated REIT M1GU | 9%–12% | Recovery income | Await results |
| 6 | AIMS APAC REIT O5RU | 6%–9% | Quality income | Watch below S$1.55 |
Quick View
Top pick: Food Empire
Best income: Stoneweg Europe
Defensive core: Singtel
Watch next: Alpha Integrated REIT results
Decision Journal
18 Jul 2026
Established initial SGX ranking and valuation ranges.
Next review
Update after material earnings releases or a meaningful price reset.
Featured Company Notes
View all notes →Food Empire (F03)
A net-cash branded consumer platform with double-digit earnings growth, capacity expansion and operating leverage. The opportunity is attractive because normalized earnings remain reasonably valued, but the high Russia and Central Asia concentration deserves a persistent valuation discount.
AccumulateSembcorp Industries (U96)
A diversified power and renewables platform trading at a low normalized earnings multiple. Alinta can materially lift earnings and improve the breadth of the platform, but the acquisition makes leverage and execution the central investment risks.
Buy on weaknessSingtel (Z74)
A lower-risk Asian telecom holding company with strong associates, improving Optus and NCS, asset recycling and buybacks. The valuation is reasonable on a sum-of-the-parts basis rather than cheap on consolidated P/E.
Recent Comparisons
View all comparisons →SGX Growth & Income Ranking
Six-company ranking by expected return, quality, valuation, earnings engine and portfolio role.
Food Empire vs Sembcorp
Organic branded-consumer compounding and net cash versus low valuation and acquisition-led utility growth.
Alpha vs Stoneweg vs AIMS APAC
DPU engines, NPI margins, leverage, management structure and valuation.