Your value story—reimagined, reaffirmed, recognised.

Unlock your true market value with the Elevate Grant

PwC Singapore is one of the Service Providers for the Elevate Grant under the SGX Value Unlock Programme, helping listed companies to strengthen investor confidence and unlock further growth.

Today’s market increasingly rewards clear strategic direction, strong communication, and robust governance. Even well‑established listed companies see the need to sharpen their value narrative, deepen investor engagement, and unlock new growth pathways.

The SGX Value Unlock helps listed companies bridge this gap and realise their full valuation potential. It encourages boards to look beyond “business as usual,” focus on value creation, pinpoint areas for improvement, and execute—then clearly communicate—strategies that drive long‑term shareholder value. It’s not just about meeting expectations; it’s about shaping them.

What you can gain through this programme

Close the valuation gap by aligning strategy, performance signals, and market communication to elevate market confidence and reflect your company’s true value.

Improve access to capital with a stronger valuation that lowers financing costs and widens funding options.

Attract and retain long‑term investors by showing transparency and strong governance that provide the clarity and stability investors seek.

Unlock growth and build resilience by positioning for M&A, new markets and strategic partnerships, while reinforcing governance for long‑term sustainability.

Get started today

PwC Singapore is appointed as a Service Provider for the Elevate Grant under the SGX Value Unlock Programme and we support listed companies across the full value‑creation journey—from strategy to implementation and execution. Wherever you are in your business lifecycle, our focus on creating and sustaining value helps position you for long‑term success.

Strategy diagnostic

  • Take stock of historical performance and frame ambition for next 5 years
  • Analysis of your balance sheet and capital efficiency
  • Review of the market and competitive environment

Strategy and equity story development

  • Identification of strategic growth opportunities for the business
  • Prioritisation and build-out of business case for growth opportunities (size of prize, rationale, go-to-market case)
  • Development of strategy roadmap for business

Beyond the grant, PwC has the capabilities to continue supporting you with implementation and execution services, encompassing mergers and acquisitions strategy, carve‑outs and divestments, and end‑to‑end transformation support.

Unlocking your company’s full valuation potential can begin here.

Let’s explore your next phase of growth together.

Your journey to unlock value

Phase 1

Diagnosis and assessment

Phase 2

Strategy and equity story development

Phase 1: Diagnosis and assessment

Review of business strategy

  • Review value proposition, competitive positioning, customer segments, and market fundamentals
  • Identify key value drivers and improvement areas
  • Assess high- and under-performing business units
  • Evaluate operating model and cost structure

Balance sheet strength and capital efficiency

  • Analyse balance sheet strength and cost of capital
  • Assess alignment between capital allocation and strategic priorities
  • Review capital efficiency (ROE) drivers
  • Review Total Shareholder Return (TSR) drivers
  • Identify liquidity and cost optimisation avenues

Market perception and industry benchmarking

  • Peer comparison of valuation and financial performance
  • Market and investor perception audit
  • Identify industry best practices and emerging trends

Phase 2: Strategy and equity story development

New strategy development

  • Prioritise strategic initiatives
  • Develop business cases for key initiatives

Implementation roadmap

  • Create roadmap outlining resources, timeframe and systems
  • Design governance and operating model
  • Outline risks with mitigation plans
  • Communicate roadmap internally

Investor relations and equity story

  • Craft equity story linking strategy and value drivers
  • Develop investor communication pack
  • Identify engagement platforms and outreach plan
  • Deliver equity story to investors

Elevate Grant
What you need to know

Read more about the grant

  • Professional consultancy fees in investor relations, corporate strategy or financial management
  • Service provider must be on approved panel

50% funding support, capped at S$200,000 per company

  • Participate in investor/media engagements or maintain active presence on digital platforms
  • Publish targets and plans periodically to enhance shareholder value
  • Share company's experience at network event(s)

January 2026 to December 2028

Mainboard:

  • Min. 6-month average market capitalisation of S$100M
  • Min. free float of 15%
  • Min. average daily traded value of S$100K over the past 6 months

Catalist:

  • Min. 6-month average market capitalisation of S$80M
  • Listed for more than 1 year

Other criteria:

  • Demonstrate growth potential and committed to invest to get to the next level
  • Clean disciplinary record
  • Compelling equity story (validated through consultation with market participants)

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Contact us

Maxime Blein

Maxime Blein

Partner, Strategy& Deals, PwC Singapore

Tel: +65 8125 0437

Girish Sahajwalla

Girish Sahajwalla

Southeast Asia Corporate Finance Leader, PwC Singapore

Tel: +65 8182 5531

Tze Wee Wee

Tze Wee Wee

Partner, Merger and Acquisitions Operations, PwC Singapore

Tel: +65 8218 6342

David Toh

David Toh

Governance, Risk, Controls and Internal Audit Leader, PwC Singapore

Tel: +65 9186 3006

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