Jinwu Financial News | Huadong Securities International Research pointed out that in December 2024, COOL LINK (08491) reached a strategic cooperation agreement with Zu Si Meng Group. According to public information, Zu Si Meng Group currently offers products in sports shoes, customized equipment, handbags, belts, glasses, and more. The number of Zu Si Meng brand franchise stores has nearly reached 1,000. It is currently the only technology wearable brand in the country serving end-consumer clients through chain franchise stores. This strategic cooperation is expected to help the company integrate and leverage customer advantages on the consumer side, expand the market, and subsequently seek multi-point growth and cross-market strategic layout in terms of profits.

According to the bank, the Singapore Tourism Board predicts that the tourism industry in Singapore will continue to recover in 2024, with inbound tourists expected to reach 15 million to 16 million, generating tourism revenue of 26 billion Singapore dollars to 27.5 billion Singapore dollars. It is anticipated that revenue from food wholesale retail and dining tourism will further grow, benefiting the suppliers accordingly.

The bank stated that the company has over 20 years of industry experience in the ship supply industry in Singapore and has established solid relationships with suppliers and customers. It is expected that with the increase in the number of ships arriving in Singapore and growing inbound tourists, the company's revenue from ship supply clients and other wholesale and retail clients will also likely increase. The bank estimates that the company's revenue for 2024-2026 will be 3.30, 35.5463, and 37.948 million Singapore dollars respectively; EPS will be 0.04, 0.06, and 0.18 Hong Kong dollars per share (with an Exchange Rates of 6.01). Based on reasonable valuation calculations and considering factors that may catalyze the stock price, the company is given a 'Recommended (Initial)' investment rating.