Stock Idea Look out for these exciting developments that li | FSMOne SG - Research Highlights

Stock Idea

Look out for these exciting developments that lie ahead for Trendlines Group

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• The Trendlines Group, is an Israel-based incubator that invests in early-stage, high growth, innovation-based start-up companies in the medtech and agtech space.

• Trendlines Group announced its proposal to seek a dual primary listing on Israel's Tel-Aviv Stock Exchange (TASE) on 5 April 2021.

• On 6 April 2021, Trendlines Group announced that it has received a non-binding letter of intent (LOI) for the acquisition of a portfolio company by a public corporation.

• Additionally, on 2 May 2021, Trendlines Agrifood has entered into a partnership agreement with Mitsubishi Corporation for the identification of emerging agrifood technologies and start-ups.

• We upgrade our target price to SGD 0.140 for Trendlines Group, based on a fair price-to-book (PB) ratio of 0.85X. Based on the closing price of SGD 0.110 on 9 July 2021, this translates to an upside potential of 27%.

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: Trendlines Group (SGX:42T)