With the weakening SGD, now might be a great time to explore Singapore-listed stocks. One company, EuroSports Global Limited (SGX: 5G1), a specialist in ultra-luxury and luxury automobiles, has been flying under the radar. Known for distributing prestigious brands like Lamborghini and Touring Superleggera across ASEAN, EuroSports has recently entered the EV market through its subsidiary, Scorpio Electric, launching the fully electric Scorpio Electric X1 motorcycle globally.
In Singapore, EuroSports holds a Special Purpose License for their flagship X1 electric maxi-scooter, marking its entry onto local roads. This premium model, with a market price of USD9,800, is poised to become a significant revenue driver for EuroSports, making the company an exciting prospect for investors seeking growth in the EV sector.
