Equity Research Coverage Reports

Sheffield Resources Limited (ASX: SFX) - Near Development Heavy Mineral Sands - BFS Complete - WA
Tuesday, April 25, 2017
We have completed a valuation for Sheffield, with this resulting in a Company valuation of $452 million, or $2.50/share, based on the current undiluted capital structure. Over 90% of the value is ascribed to the pre-tax, unfunded valuation of Thunderbird, and any funding scenario will most likely dilute the current capital structure or company equity in the Project, thus decreasing the per share valuation.
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99 Wuxian Limited (ASX: NNW) - Tapping Into The China M-Commerce Market
Tuesday, April 25, 2017
99 Wuxian Limited (ASX: NNW) operates a mobile marketplace in China and a third party loyalty redemption platform and employee incentive redemption platform. The company has 64.3m registered users and a Gross Transactional Value (GTV) of in excess of RMB14b in 2016. Through its relationships with business partners, which includes the top 10 banks in China, the company has grown its registered user base 243.8%
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Proteomics International Laboratories Ltd (ASX: PIQ) - Early Detection of Diabetic Kidney Disease - Commercialisation of Diagnostic Test Kits
Monday, April 10, 2017
Using its Promarker technology platform, the company has identified the biomarkers in the blood (biological fingerprints) of kidney disease in diabetics, specifically Type 2 diabetes. Using this information the company has developed PromarkerD, a diagnostic test that accurately predicts whether people with diabetes will develop chronic kidney disease.
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Oneall International Limited (ASX: 1AL) - Outdoor Furniture - Global Player - 42 Countries
Thursday, April 6, 2017
We have assigned 1AL a target price of $1.32 per share. 1AL designs, manufactures and distributes outdoor furniture around the world. The company owns and operates its manufacturing facility in Guangdong, China, where the company’s key products are produced.
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Todd River Resources Limited (ASX: TRT) - Cashed Up Diversified Explorer - Spin off TNG Ltd - NT
Wednesday, April 5, 2017
Todd River Resources (ASX: TRT, Todd River or“the Company”) is a Northern Territory explorer, with a diverse portfolio of greenfields to advanced exploration and near development assets over a wide range of prospective geological settings, including those with known world-class deposits. Having recently listed on the ASX via an oversubscribed spin out from TNG limited, Todd River is well cashed up, with ~$5.5 million in the bank.
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