Valuemax Group Ltd (Valuemax) offers pawn broking, money lending, and retail of jewelry, timepieces, and precious metals in Singapore and Malaysia. As of 15 December 2019, Valuemax is worth S$ 170.7 million in market capitalisation. In this article, I’ll cover its recent financial results and valuation figures.
Thus, here are 12 things to know about Valuemax before you invest.
- Network Expansion
Valuemax was listed on the SGX in 2013 with 23 retail outlets where 18 were situated in Singapore and the remaining 5 situated in Malaysia. In the last 5 years, Valuemax has expanded its retail network to 43 outlets with 33 outlets situated in Singapore and the remaining 10 are situated in Malaysia.
In addition, it has stakes in 2 retail outlets which are run by its associates in Singapore. Its increase in retail network is attributed to Valuemax’s efforts in acquiring individual pawn shops which include: