SingAsia Holdings (8293) AI Stock Analysis

• Market Cap: HK$26.23M
• Dividend Yield: N/A
• Average Volume (3M): 418.69K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.72
• Revenue Growth: -37.78%
• EPS Growth: -1616.67%
• Country: HK
• Employees: 69
• Sector: Services
• Sector Strength: N/A
• Industry: Staffing & Employment Services
• EPS (TTM): -0.20
• Shares Outstanding: 215,040,100
• 10 Day Avg. Volume: 171,640
• 30 Day Avg. Volume: 418,686
• PEG Ratio: -0.06
• Price to Book (P/B): 2.36
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -3.38
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 0

• Rating: 49 Neutral
• Price Target: HK$0.00 ▼(-100.00%Downside)

The overall stock score of 49 reflects significant financial challenges, with persistent losses and declining revenues being the primary concerns. While technical analysis indicates recent bullish momentum, the high RSI suggests overbought conditions, creating a risk of reversal. The negative P/E ratio further highlights valuation concerns.

SingAsia Holdings Business Overview & Revenue Model

Company Description

SingAsia Holdings (8293) is a company listed on the Hong Kong Stock Exchange. The company primarily operates in the human resource management sector, offering staffing and recruitment services. SingAsia Holdings provides a range of services including temporary staffing, outsourced human resource management, and recruitment services across various industries.

How the Company Makes Money

SingAsia Holdings generates revenue primarily through its staffing and recruitment services. The company charges clients for temporary staffing services, which involves supplying temporary workers to businesses in need of short-term labor. Additionally, it earns fees from recruitment services, which include sourcing, screening, and placing candidates in permanent positions for client companies. The company also benefits from human resource outsourcing services, where it manages certain HR functions for its clients. Partnerships with businesses requiring workforce solutions and a diverse client base across multiple industries contribute significantly to its earnings.

SingAsia Holdings Financial Statement Overview

Summary

SingAsia Holdings faces significant financial challenges characterized by declining revenues, persistent losses, and operational inefficiencies. The balance sheet shows rising leverage and declining equity, while cash flow statements highlight liquidity concerns. The company needs to address its operational inefficiencies and stabilize its cash flows to improve its financial health and sustainability.

Income Statement

SingAsia Holdings has experienced a declining revenue trend, with a notable decrease from $18.5 million in 2023 to $9.85 million in the TTM period. This represents a significant revenue drop of approximately 46.8%. The company has consistently reported negative EBIT and net income, resulting in negative profit margins and indicating ongoing operational challenges. Gross profit margin has also declined, further impacting profitability.

Balance Sheet

The company has a moderate debt-to-equity ratio, but the declining equity over the years raises concerns about financial stability. Stockholders' equity has decreased significantly, from $4.3 million in 2020 to $1.8 million in the TTM period. The equity ratio is relatively low at 35.2%, suggesting potential leverage concerns and a reduced buffer to absorb financial shocks.

Cash Flow

Operating cash flow has turned negative in the TTM period, reflecting potential cash management issues. The free cash flow has remained negative, indicating cash outflows exceed inflows. The company's ability to generate cash from operations is concerning, especially given the consistent negative operating and free cash flows highlighted by recent periods.

Breakdown	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020
Income Statement
Total Revenue	12.32M	18.52M	9.79M	5.76M	15.86M
Gross Profit	3.02M	4.29M	2.17M	1.48M	4.16M
EBITDA	-2.72M	1.21M	-1.01M	-630.81K	-247.29K
Net Income	-3.27M	565.03K	-1.72M	-1.34M	-935.41K
Balance Sheet
Total Assets	7.27M	7.47M	6.61M	5.71M	7.77M
Cash, Cash Equivalents and Short-Term Investments	4.15M	1.72M	271.15K	3.39M	4.47M
Total Debt	2.85M	1.41M	1.64M	1.41M	1.94M
Total Liabilities	4.39M	3.69M	3.34M	2.71M	3.43M
Stockholders Equity	2.88M	3.78M	3.27M	2.99M	4.34M
Cash Flow
Free Cash Flow	-230.35K	1.61M	-2.51M	-291.93K	1.69M
Operating Cash Flow	129.25K	1.64M	-2.48M	-283.78K	2.07M
Investing Cash Flow	-362.65K	-41.77K	-36.55K	-8.15K	-375.08K
Financing Cash Flow	2.83M	-323.23K	-608.17K	-786.04K	811.29K

SingAsia Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.12
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:8293, the sentiment is Positive. The current price of 0.12 is above the 20-day moving average (MA) of 0.09, above the 50-day MA of 0.07, and above the 200-day MA of 0.06, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 79.10 is Negative, neither overbought nor oversold. The STOCH value of 78.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:8293.

SingAsia Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2180	70 Neutral	HK$1.01B	6.97	10.74%	6.38%	16.07%	0.77%
8031	63 Neutral	HK$56.17M	―	-13.66%	―	―	―
8462	62 Neutral	HK$77.40M	4.22	15.12%	―	-17.45%	77.78%
Sector *	56 Neutral	HK$2.72B	5.15	-9.32%	8.02%	12.55%	-102.16%
8042	50 Neutral	HK$32.00M	―	-4.27%	―	48.57%	38.46%
8293	49 Neutral	HK$26.23M	―	-147.14%	―	-37.78%	-1616.67%
6919	48 Neutral	HK$610.64M	10.94	-5.73%	2.26%	20.23%	-275.42%