tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

MoneyMax Seeks Upgrade to SGX Main Board After Profit Surge

Story Highlights
  • MoneyMax has applied to move its SGX listing from Catalist to the Main Board.
  • The planned transfer follows strong profit growth and aims to boost visibility and investor reach.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
MoneyMax Seeks Upgrade to SGX Main Board After Profit Surge

Claim 70% Off TipRanks Premium

The latest update is out from MoneyMax Financial Services Ltd. ( (SG:5WJ) ).

MoneyMax Financial Services has applied to transfer its listing from the Singapore Exchange’s Catalist board to the Main Board, seeking to leverage its sustained growth and stronger financial performance since its 2013 listing. Management expects the move to raise the company’s corporate profile, broaden its reach to institutional and international investors, and strengthen investor confidence, following a period in which net profit attributable to shareholders nearly doubled from S$19.8 million in FY2021 to S$38.2 million in FY2024 and continued to grow in the first half of 2025.

More about MoneyMax Financial Services Ltd.

MoneyMax Financial Services Ltd. is a leading Southeast Asian financial services provider that also operates as a retailer and trader of luxury products. Listed on SGX Catalist since 2013, the group has built a strong operating track record, sustained growth and an expanding scale, positioning itself as an established and reputable brand in its niche markets.

Average Trading Volume: 199,751

Technical Sentiment Signal: Buy

Current Market Cap: S$433.4M

Learn more about 5WJ stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1