Should You Invest in EuroSports Global Ltd (SGX: 5G1)?
In Singapore, the electric bicycle market is experiencing significant growth. Revenue is projected to reach USD 77.65 million in 2024, with an anticipated annual growth rate (CAGR) of 3.88% from 2024 to 2029, culminating in a market volume of USD 93.95 million by 2029.
This upward trend reflects a strong consumer shift towards eco-friendly transportation alternatives.
This growth is driven by Singapore’s commitment to sustainable transportation, making it easier than ever to adopt cleaner, greener travel across the city.
EuroSports Global Ltd. (SGX: 5G1) is at the forefront of this revolution through Scorpio Electric. The flagship Scorpio Electric X1, the first ever home-grown electric bike in Singapore, is currently undergoing public road testing, following the special approval of a Special Purpose License from the Land Transport Authority in July 2024.
With advanced connectivity, from phone-to-bike integration to customisable energy regeneration, the X1 offers a personalised electric motorcycle experience unlike any other.
Yet, despite such progress and innovation, EuroSports Global’s share price remains undervalued. Analysts believe that with its pioneering role in the electric vehicle market and a strong growth trajectory, the company is positioned for significant upside.
For investors who have zero position in the company, perhaps this is a good opportunity to invest in them as the market has clearly yet to reflect their true value.
This upward trend reflects a strong consumer shift towards eco-friendly transportation alternatives.
This growth is driven by Singapore’s commitment to sustainable transportation, making it easier than ever to adopt cleaner, greener travel across the city.
EuroSports Global Ltd. (SGX: 5G1) is at the forefront of this revolution through Scorpio Electric. The flagship Scorpio Electric X1, the first ever home-grown electric bike in Singapore, is currently undergoing public road testing, following the special approval of a Special Purpose License from the Land Transport Authority in July 2024.
With advanced connectivity, from phone-to-bike integration to customisable energy regeneration, the X1 offers a personalised electric motorcycle experience unlike any other.
Yet, despite such progress and innovation, EuroSports Global’s share price remains undervalued. Analysts believe that with its pioneering role in the electric vehicle market and a strong growth trajectory, the company is positioned for significant upside.
For investors who have zero position in the company, perhaps this is a good opportunity to invest in them as the market has clearly yet to reflect their true value.
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