0250 GMT - Addvalue Technologies' potential spinoff and U.S. listing of its Inter-Satellite Data Relay System business could see the Singapore-listed company raise funds at a significantly higher valuation, Maybank analyst Jarick Seet says in a note. The analyst estimates the unit could have a market capitalization of US$200 million-US$300 million, noting U.S. peers trade at 70X-200X price-to-sales. A higher valuation could allow Addvalue to sell a stake and return cash to shareholders, Maybank says. The bank has a buy rating and a target price of S$0.120. Shares are up 3.5% at S$0.088. (venkat.pr@wsj.com)
(END) Dow Jones Newswires
March 19, 2026 22:50 ET (02:50 GMT)
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