Recent developments at Singulus add incremental but important strategic clarity at a time when execution risk remains elevated. The divestment of the non-core Optical Data Storage service business, a structurally declining activity representing only ~1.5% of sales (mwb est.), further sharpens management focus and simplifies the group. More encouragingly, the company secured a new TIMARIS semiconductor order in the mid-single-digit million euro range (mwb est. ~EUR 6–7m), with a down payment already received, underscoring continued demand for its magnetic sensor capabilities and the stickiness of its modular tool platform. While these steps do not resolve near-term visibility or refinancing concerns, they clearly move in the right direction. We reiterate our Speculative BUY and EUR 3.00 price target, balancing very high risk against meaningful medium-term upside. The full update can be downloaded under https://research-hub.de/companies/singulus-technologies-ag