Toh estimates SIF will enjoy loan growth of 5% y-o-y in the current FY2026, bringing its total book to $2.93 billion.
Toh Xuan Hao of Maybank Securities has initiated coverage of niche SME lender Sing Investments & Finance with a "buy" call and $2.11 target price, given its "resilient" net interest margins and a stable funding base driven by its deposit-funded model.
In his April 12 note, Toh observes that SIF has built a differentiated SME-focused lending franchise, with over 70% of its loan mix tied to SMEs across commercial, hire purchase, and construction-linked financing. "This niche positioning drives steady loan growth, customer stickiness, and repeat lending opportunities."
