Jimmy Chai Equity Research

Independent equity analysis focused on understanding the business behind the stock.

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Latest Reports

The latest published reports appear below.

UMS Integration Limited

558.SI | Singapore

UMS Integration combines improving revenue, strong margins, free cash flow and low leverage, while valuation now depends on continued execution.

Rating: OVERWEIGHT | Horizon: 3-6 months

Report date: 2026-10-02

Sphere Entertainment Co.

SPHR | United States

Sphere Entertainment has differentiated live-entertainment assets and improving cash generation, but negative earnings, leverage and execution risk limit conviction.

Rating: UNDERWEIGHT | Horizon: 3-6 months

Report date: 2026-10-01

Live Nation Entertainment, Inc.

LYV | United States

Live Nation remains a strong live-events franchise with substantial cash flow, while valuation, leverage and earnings volatility keep the report cautious.

Rating: UNDERWEIGHT | Horizon: 3-6 months

Report date: 2026-10-01

City Developments Limited

C09.SI | Singapore

City Developments screens inexpensive on earnings and book value, but weak cash conversion, rising net debt and a broken price trend argue for caution.

Rating: UNDERWEIGHT | Horizon: 3-6 months

Report date: 2026-10-01

Advanced Micro Devices, Inc.

AMD | United States

Advanced Micro Devices has strong momentum and growth support, but the report favors staged exposure because valuation, beta and volatility remain elevated.

Rating: OVERWEIGHT | Horizon: 3-6 months

Report date: 2026-09-30

AEM Holdings Ltd.

AWX.SI | Singapore

AEM Holdings is profitable, cash generative and technically constructive, but valuation and semicap cycle risk argue for staged exposure rather than aggressive buying.

Rating: OVERWEIGHT | Horizon: 3-6 months

Report date: 2026-09-29

Addvalue Technologies Ltd

A31.SI | Singapore

Addvalue has improved profitability and balance-sheet strength, but valuation, limited disclosure and weak recent price action support a reduced exposure stance.

Rating: UNDERWEIGHT | Horizon: 1-3 months

Report date: 2026-09-27

QUALCOMM Incorporated

QCOM | United States

QUALCOMM has a credible AI and diversification story, reasonable forward valuation and strong cash flow, while handset exposure and rates remain key risks.

Rating: OVERWEIGHT | Horizon: 3-6 months

Report date: 2026-09-24

Oracle Corporation

ORCL | United States

Oracle has durable enterprise software strength and a credible cloud and AI investment case, balanced against heavy capex, negative free cash flow and elevated leverage.

Rating: OVERWEIGHT | Horizon: 6-12 months

Report date: 2026-09-20

EQT Corporation

EQT | United States

EQT has real cash-flow support and gas-price leverage, but the report emphasizes an unrepaired downtrend, commodity sensitivity and valuation headwinds.

Rating: UNDERWEIGHT | Horizon: 3-6 months

Report date: 2026-09-20

Nebius Group N.V.

NBIS | United States

Nebius offers growth and AI-infrastructure exposure, but the report treats it as a high-volatility position because funding, dilution and execution risks remain material.

Rating: OVERWEIGHT | Horizon: 3-6 months

Report date: 2026-09-20

Oversea-Chinese Banking Corporation Limited

O39.SI | Singapore

OCBC remains a high-quality Singapore bank, but the report favors a core holding rather than aggressive additions while valuation and momentum look balanced.

Rating: HOLD | Horizon: 3-6 months

Report date: 2026-09-20

NVIDIA Corporation

NVDA | United States

NVIDIA retains elite profitability and a constructive trend structure, while high beta, valuation sensitivity and AI-demand expectations call for measured sizing.

Rating: OVERWEIGHT | Horizon: 3-6 months

Report date: 2026-09-19

What The Research Covers

Each report is designed to make the important moving parts of a company easier to understand.

Business

What the company does, how it earns revenue, and where it competes.

Financials

Revenue, profitability, balance sheet strength, and other key figures.

Valuation

How the market price compares with the company's fundamentals.

Catalysts

Events or developments that could change how investors view the business.

Risks

Business, market, and financial risks that could affect the company.