EQS-News / 27/01/2021 / 18:14 UTC+8 
[Press Release] 
 
SY Capital Unveils "Dual Engine, One Platform" Growth Strategy 
DBS Reiterates Buy Rating on SY Capital - Sees Great Expansion and Growth Potential 
 
 
Hong Kong, January 27, 2021 - DBS reiterates its buy rating on HKEx-listed Sheng Ye Capital Limited ("SY Capital" or 
the "Company", HKEx: 6069) following the Company's announcement of its new "dual engine, one platform" growth strategy 
("2+1 strategy") on January 22. 
 
Under this 3-year initiative, the Company will deepen its technology leadership by integrating supply chain financing 
technology and its fintech capabilities to unlock more synergies, as well as to create a more efficient supply chain 
ecosystem. In addition, the Company will also reinforce its commitment towards enhancing its research and development 
("R&D") capabilities, integrating more deeply into the supply chain ecosystem and accelerate its transformation towards 
being a digital fintech platform. 
 
DBS published a flash report following the announcement and reiterated its "buy" for the Company with a target price of 
HKUSD8.90. Key takeaways from the report include: 
  ? Great structural growth opportunity. SY Capital is well-positioned to benefit from China's fast-growing commercial 
    factoring segment, supported by favourable policies to promote small, medium and micro enterprises ("SMEs") 
    financing. 
  ? Substantial balance sheet expansion potential. The strong supply chain financing demand, along with its low 
    leverage ratio, implies good balance sheet expansion potential and hence, profitability. 
  ? Under this new "2+1" strategy, DBS sees following positive catalysts favouring SY Capital in the long-term: 
      ? Further enhancement of SY Capital's business model driven by technology and usage of data; 
      ? Better connectivity and integration of supply-demand dynamics within the supply chain financing ecosystem 
        through "Platformisation"; 
      ? Increase sources of funding through SY Capital's integrated model. 
 
- END - 
 
About Sheng Ye Capital Limited (HKEx: 6069) 
Sheng Ye Capital (6069.HK) is a leading data-driven supply chain financial services provider in China and the first 
commercial factoring company listed on the main board of the Hong Kong Stock Exchange. Powered by fintech capabilities 
and in-depth understanding of the core industries, Sheng Ye Capital offers a range of flexible financing products and 
corporate services to meet the vast financing needs of underserved SMEs in the region. Sheng Ye Capital aims to become 
the most reliable data-driven supply chain fintech platform in Asia. 
 
Sheng Ye Capital is part of the MSCI Small Cap China Index, Hang Seng Composite Index and Shenzhen-Hong Kong Stock 
Connect. The current market capitalization of Sheng Ye Capital is approximately HKD 5.6 billion (USD 720 million). Some 
of the company's notable institutional investors include China Taiping Insurance, Olympus Capital and Pavilion Capital 
(a subsidiary of Temasek Holdings). 
 
Media Contact 
Sheng Ye Capital Limited 
Kaylee Zhang 
Tel: 0755-6188 0088-842 
Email: kaylee.zhang@shengyecapital.com 
 
Christensen China Limited 
Shirley Chan 
Tel: +852 2232 3933 
Email: schan@christensenir.com 
File: SY Capital Unveils 'Dual Engine, One Platform' Growth Strategy DBS Reiterates Buy Rating on SY Capital - Sees 
Great Expansion and Growth Potential 
27/01/2021 Dissemination of a Marketing Press Release, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
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(END) Dow Jones Newswires

January 27, 2021 05:14 ET (10:14 GMT)