Added to YB: 2025-09-08
Pitch date: 2025-09-04
AYN.SI [bullish]
Global Testing Corporation Limited
-2.96%
current return
Author Info
Kubang Pasu Capital is an experienced investor with over 6 years in equity research and market analysis. Focused on identifying undervalued opportunities and building long-term value through disciplined investment strategies. Sign up for the newsletter.
Company Info
Global Testing Corporation Limited, an investment holding company, provides semiconductor testing services in Taiwan, the Republic of China, Japan, the United States, Singapore, Thailand, and internationally.
Market Cap
SGD 35.2M
Pitch Price
SGD 1.35
Price Target
3.22 (+146%)
Dividend
1.84%
EV/EBITDA
1.10
P/E
4.85
EV/Sales
0.30
Sector
Semiconductors and Semiconductor Equipment
Category
value
Global Testing Corporation Ltd - $AYN.SI
AYN.SI: Semiconductor test house at ~1.1x EV/EBITDA despite US$45.5M LTM revenue, US$12.38M EBITDA, US$21.58M net cash. Mid-cycle re-rating to 5x EV/EBITDA targets S$3.22 (+136%). Risks: customer concentration (68% from top 3), SGX illiquidity. Catalysts: EBITDA stability, buybacks, new program wins.
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