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SY Capital Unveils 'Dual Engine, One Platform' Growth Strategy DBS Reiterates Buy Rating on SY Capital - Sees Great Expansion and Growth Potential

·3-min read


EQS-News / 27/01/2021 / 18:14 UTC+8



[Press Release]

 

SY Capital Unveils "Dual Engine, One Platform" Growth Strategy

DBS Reiterates Buy Rating on SY Capital - Sees Great Expansion and Growth Potential

 

 

Hong Kong, January 27, 2021 - DBS reiterates its buy rating on HKEx-listed Sheng Ye Capital Limited ("SY Capital" or the "Company", HKEx: 6069) following the Company's announcement of its new "dual engine, one platform" growth strategy ("2+1 strategy") on January 22.

 

Under this 3-year initiative, the Company will deepen its technology leadership by integrating supply chain financing technology and its fintech capabilities to unlock more synergies, as well as to create a more efficient supply chain ecosystem. In addition, the Company will also reinforce its commitment towards enhancing its research and development ("R&D") capabilities, integrating more deeply into the supply chain ecosystem and accelerate its transformation towards being a digital fintech platform.

 

DBS published a flash report following the announcement and reiterated its "buy" for the Company with a target price of HK$8.90. Key takeaways from the report include:

 

- END -

 

About Sheng Ye Capital Limited (HKEx: 6069)

Sheng Ye Capital (6069.HK) is a leading data-driven supply chain financial services provider in China and the first commercial factoring company listed on the main board of the Hong Kong Stock Exchange. Powered by fintech capabilities and in-depth understanding of the core industries, Sheng Ye Capital offers a range of flexible financing products and corporate services to meet the vast financing needs of underserved SMEs in the region. Sheng Ye Capital aims to become the most reliable data-driven supply chain fintech platform in Asia.

 

Sheng Ye Capital is part of the MSCI Small Cap China Index, Hang Seng Composite Index and Shenzhen-Hong Kong Stock Connect. The current market capitalization of Sheng Ye Capital is approximately HKD 5.6 billion (USD 720 million). Some of the company's notable institutional investors include China Taiping Insurance, Olympus Capital and Pavilion Capital (a subsidiary of Temasek Holdings).

 

Media Contact

Sheng Ye Capital Limited

Kaylee Zhang

Tel: 0755-6188 0088-842

Email: kaylee.zhang@shengyecapital.com

 

Christensen China Limited

Shirley Chan

Tel: +852 2232 3933

Email: schan@christensenir.com



File: SY Capital Unveils 'Dual Engine, One Platform' Growth Strategy DBS Reiterates Buy Rating on SY Capital - Sees Great Expansion and Growth Potential

27/01/2021 Dissemination of a Marketing Press Release, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

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