5WJ, T61 & 5UF: Triple Gold Retailers Defy Sector Outflow
In January, the trio of $MoneyMax Fin(5WJ.SI)$, $ValueMax(T6I.SI)$ and $Aspial Lifestyle(5UF.SI)$ recorded the highest net institutional inflows across Singapore’s Consumer Cyclical stocks.
This was by both measures of absolute net inflow and net inflow proportionate to market capitalisation. The three companies, MoneyMax, ValueMax Group and Aspial Lifestyle operate diversified business models centred on pawnbroking and the retail or trading of gold and jewellery, with lending activities forming a key complementary revenue stream.
Each company also maintains a substantial physical presence in Singapore and Malaysia, either directly or through associates, supporting their reach across both markets. Together these three Small-to-Mid Cap (SMID) stocks maintained a combined market capitalisation of S$2.2 billion end-January. All three have also seen step ups in Average Daily Trading Turnover (ADT) from 2024 to 2025 to January 2026.
1. $MoneyMax Fin(5WJ.SI)$ : Gold Rally Drives Record Inflows
MoneyMax attracted S$4.0 million in net institutional inflow in January (0.65% of market cap), with its share price surging 53% amid the global gold rally.
The company received in-principle approval to transfer from Catalist to the SGX Mainboard and issued a positive profit guidance on Feb 2, projecting significantly stronger 2HFY25 results driven by robust pawnbroking performance and higher gold prices. Its average daily turnover skyrocketed from ~S$9k in 2024 to ~S$986k in January 2026.
2. $ValueMax(T6I.SI)$ Earnings Momentum and Network Growth
ValueMax recorded S$2.7 million in net inflow (0.24% of market cap) in January. Singapore's largest pawnbroking and jewelry retail chain reported strong 1HFY25 results with net profit up 35.7% to S$48.8 million, supported by growth across pawnbroking, moneylending and gold trading segments.
The group continues expanding through strategic acquisitions in Singapore and Malaysia while enhancing operational efficiency through digital initiatives. Its average daily turnover increased from ~S$39k in 2024 to ~S$660k in January 2026.
3. $Aspial Lifestyle(5UF.SI)$ : Omnichannel Ecosystem Expansion
Aspial Lifestyle operates an integrated retail-financial model combining jewelry brands (Lee Hwa, Goldheart), pawnbroking services (Maxi-Cash), and secured lending.
The group is scaling its regional footprint through digital tools including the Maxi-Cash App and PayNow integration, while expanding recurring collateral-backed revenue streams. These strategies contributed to improved revenue and margins in 1HFY25. Average daily turnover grew from ~S$19k in 2024 to ~S$710k in January 2026.
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