UltraGreen.ai's Ample Cash Position Set to Drive Further Growth, Market Penetration -- Market Talk

Dow Jones03-06 09:46

0146 GMT - UltraGreen.ai's ample net cash position of US$173 million is poised to drive further growth and market penetration, UOB Kay Hian analysts say in a research report. Management guided for 2026 revenue of US$170 million-US$190 million, supported by core business growth, the full-year effects of 2025 pricing initiatives, and further market expansion, the analysts note. The Singapore-based player in the fluorescence-guided surgery space is expected to maintain strong pricing power, supported by its market leadership and relatively low cost of indocyanine green as a percentage of overall surgical expenses. The brokerage keeps its buy rating on the stock, but trims the target price to US$1.95 from US$2.00 based on 26x 2026 P/E. Shares 1.3% lower at US$1.49. (ronnie.harui@wsj.com)

 

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March 05, 2026 20:46 ET (01:46 GMT)

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