Sinostar PEC Holdings Limited (C9Q.SI)

Sinostar PEC Holdings Limited (C9Q.SI) — VMCI valuation read

Headline read on C9Q.SI: VMCI of 65/100 versus a Energy sector median of 50. The 15-point above-median position is what makes Sinostar PEC Holdings Limited a relative-value candidate in the mid-cap cohort, before any pillar-level review.

Form 4 filings on C9Q.SI: zero in the trailing 30 days. The absence of insider transactions is itself a data point, just a low-information one. The thesis runs on financials and price action until that changes.

**Investor frame.** Three reads on C9Q.SI: value (C9Q.SI trades at 21.0x earnings, 17% above the Energy median of 18.0x), quality (ROIC of 11.0% sits 1.0pp above the Energy median (10.0%)), and risk (net debt to EBITDA of 2.4x is the rate-sensitivity line to watch). The value read also implies an EV/EBITDA gap of +4.0x against the Energy 12.0x baseline.

C9Q.SI fell 2.7% over the trailing 7 days, with a +5.4% read on a 30-day basis.