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Editorial Desk
Editorial Desk | 08 November 2013
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By: Daxx Chong
Articles (58) Profile

It is difficult not to notice the rejuvenation of the pawnbroking industry. Prolific mass media advertising campaigns, marked by engagement of local celebrities to endorse a brand, have been regular features on our airwaves. A recent visit to the heartland Bedok Central further confirmed the case – within the close vicinity of a 10-minute walking distance, a total of five pawnshops can actually be found!

According to statistic from the government agencies, the number of pawnshops is now past 200 and the amount of loan has close to quadrupled from 2008 to $7.1 billion in 2012. This new shot of life has led us to our cover story on this age-old trade. We not only identified the opportunities and challenges of the industry, but also stacked the three listed pawnbroking chains up against one another.

We further met up with the senior management of ValueMax Group – the latest pawnbroking chain that got listed on the Singapore Exchange. Being the oldest and most established player in the field, we gained valuable ground knowledge as well as an understanding of what lies ahead for the company. Is the local pawnbroking industry near a saturation point? How does the company manoeuvre under such intense competitive landscape?

Next, we turn our attention to Figtree Holdings – an industrial warehouse constructor that will be launching its initial public offering (IPO) on 11 November. Helmed by an experienced top management, the Catalist-bound company has steadily secured contracts and built up a sizeable order book. Coupled with robust financials and moderate valuations, this new entry may well deserve a closer look.

Last but not least, we featured two articles relating to the dimming shine of the Japanese economic recovery and the emerging property hot spots around the world. Incidentally, both subjects are closely related to the extensive use of monetary stimulus.

We hope you have a good read and do stay up to date with the broader happenings around the world!

With a long-standing interest in economics and finance, Daxx is the Senior Research Editor of Shares Investment.

Please click here for more information about this author.

Maxi-Cash Financial Services Corp  0.128 -0.001 -0.78%   
Business: Pawnbroker. [FY18 Turnover] Retail & trading of jewellery & branded merchandise (75.4%), pawnbroking (20.2%), money lending (4.4%).

Insight: May-19, 1Q19 revenue slid 13.5% due to lower sales... Read More
MoneyMax Financial Svcs  -- -- --   
Business: Co is a leading pawnbroker in the region. [FY18 Turnover] Retail & trading of pre-owned jewellery & watches (74.2%), pawnbroking (25.8%).

Insight: May-19, 1Q19 revenue rose 6.6% mainly due to incre... Read More
ValueMax  0.285 -- --   
Business: Co provides pawnbroking services & the retail & trading of pre-owned jewellery & gold. [FY18 Turnover] Retail & trdg of pre-owned jewellery & gold (79.6%), pawnbroking (13.2%), moneylending (7.2%).

Insight: Feb-19, FY18 revenue fell 12.8% to $208.7m due to ... Read More
Figtree Hldgs  -- -- --   
Business: Designs and builds commercial and industrial facilities.

Insight: Mar-19, FY18 revenue tanked 86.5% due to completio... Read More


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