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An announcement from ValueMax Group Ltd. ( (SG:T6I) ) is now available.
ValueMax Group Limited, a pawnbroking and retail value operator in Singapore, conducts its business through subsidiaries including ValueMax Retail Pte Ltd, which trades in jewellery and luxury goods. The group serves customers looking for asset-backed financing and access to pre-owned branded items, anchoring its position in the local second-hand luxury and collateralised lending market.
The company announced that its subsidiary, ValueMax Retail, has reached an amicable settlement with Louis Vuitton Malletier over an intellectual property infringement lawsuit. The suit has been discontinued without any admission of liability by ValueMax Retail, and the board stated that the resolution will not have a material impact on the group’s financial results for the current financial year.
The most recent analyst rating on (SG:T6I) stock is a Buy with a S$1.50 price target. To see the full list of analyst forecasts on ValueMax Group Ltd. stock, see the SG:T6I Stock Forecast page.
More about ValueMax Group Ltd.
ValueMax Group Limited operates in the pawnbroking and retail value sector through subsidiaries such as ValueMax Retail Pte Ltd, focusing on the sale and financing of jewellery and luxury goods. The group targets consumers seeking asset-backed lending and discounted branded items, positioning itself as a key player in Singapore’s collateral-based financing and second-hand luxury retail space.
Average Trading Volume: 405,241
Technical Sentiment Signal: Buy
Current Market Cap: S$1.1B
See more data about T6I stock on TipRanks’ Stock Analysis page.