Courage Investment Group (SGX:CIN) Research & Development: S$0.00 Mil (TTM As of Jun. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SGX:CIN Courage Investment Group Ltd SGX:CIN
39 GF Score
Price S$0.02
GF Value S$0.01
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Courage Investment Group Research & Development?

Courage Investment Group SGX:CIN 39 Research & Development is S$0.00 Mil as of Jun. 2025. GuruFocus rates SGX:CIN with a GF Score™ of 39/100 and a GF Value™ of S$0.01 (Significantly Overvalued). The stock has 2 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Courage Investment Group's Research & Development for the six months ended in Jun. 2025 was S$0.00 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Jun. 2025 was S$0.00 Mil.

Courage Investment Group  (SGX:CIN) Research & Development Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.

Courage Investment Group Research & Development Related Terms

Courage Investment Group Research & Development Historical Data

* Premium members only.

The historical data trend for Courage Investment Group's Research & Development can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Courage Investment Group Research & Development Chart

Courage Investment Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Research & Development
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Courage Investment Group Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Research & Development Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00
SGX:CIN
39GF Score
Courage Investment Group Ltd SGX:CIN
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Courage Investment Group Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development for the trailing twelve months (TTM) ended in Jun. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was S$0.00 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Research & Development →
What does a Research & Development of S$0.00 Mil mean?
Courage Investment Group (SGX:CIN) has a Research & Development of S$0.00 Mil as of Jun. 2025. Research and development expense is the total cost for research and development activities. View historical data on Courage Investment Group and its competitors.
Is Courage Investment Group's Research & Development too high?
Courage Investment Group's current Research & Development is S$0.00 Mil. Overall, Courage Investment Group has a GF Score™ of 39/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Courage Investment Group's Research & Development compare to competitors?
Courage Investment Group's Research & Development of S$0.00 Mil can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Research & Development for a Transportation company?
A good Research & Development depends on the Transportation industry context. However, Research & Development should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Research & Development mean?
A high Research & Development can signal that a stock is expensive relative to its fundamentals. Research and development expense is the total cost for research and development activities. View historical data on Courage Investment Group and its competitors. Courage Investment Group's current Research & Development is S$0.00 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Courage Investment Group stock overvalued right now?
Based on GuruFocus' analysis, Courage Investment Group (SGX:CIN) is currently considered Significantly Overvalued. The stock's GF Value™ is S$0.01, compared to a current price of S$0.02 — trading 60% above its estimated fair value. The current Research & Development is S$0.00 Mil. Courage Investment Group's overall GF Score™ is 39/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Research & Development calculated?
Research & Development is calculated from a company's financial statements. For Courage Investment Group (SGX:CIN), the current Research & Development is S$0.00 Mil as of Jun. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Courage Investment Group (SGX:CIN) Overvalued in 2026?

Based on GuruFocus' analysis, Courage Investment Group stock appears to be overvalued. The current stock price of S$0.02 is trading 60% above its estimated GF Value™ of S$0.01. GuruFocus considers Courage Investment Group to be Significantly Overvalued.

Key valuation signals for SGX:CIN:

  • Research & Development: S$0.00 Mil
  • GF Value™: S$0.01 vs. price of S$0.02 (60% above fair value)
  • GF Score™: 39/100 with 2 warning signs

No single metric tells the full story. See the SGX:CIN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Courage Investment Group Business Description

Other Exchanges 01145:Hong Kong
Address 23 Harbour Road, Rooms 1405-1412, 14th Floor, Sun Hung Kai Centre, Wanchai, Hong Kong, HKG
Courage Investment Group Ltd is an investment holding company. The company's reportable segments include Marine transportation, Merchandise trading, Property holding and investment, and Investment holding. It generates maximum revenue from the Marine transportation segment, which comprises mainly the vessel chartering business. Geographically, it derives a majority of its revenue from Hong Kong.
39GF Score

Get the complete analysis for SGX:CIN

Research & Development is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

S$0.02
Price
S$0.01
GF Value