SingAsia Holdings (8293) AI Stock Analysis

• Market Cap: HK$11.83M
• Dividend Yield: N/A
• Average Volume (3M): 40.97K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.43
• 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: 26,000
• 30 Day Avg. Volume: 40,966
• PEG Ratio: -0.08
• Price to Book (P/B): 1.54
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 3.63
• 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: N/A
• Number of Analyst Covering: 0

• Rating: 40 Underperform
• Price Target: HK$0.00 ▼(-100.00%Downside)

The overall score is heavily impacted by SingAsia Holdings' poor financial performance and unattractive valuation metrics. While there is some technical bullish momentum, it is overshadowed by the company's significant financial and valuation challenges.

SingAsia Holdings Business Overview & Revenue Model

Company Description

SingAsia Holdings Limited, an investment holding company, provides workforce solutions in Singapore. The company offers manpower outsourcing, recruitment, and training services. The company also provides cleaning services. It offers workforce solutions for the hotel and resort, retail, and food and beverage sectors. SingAsia Holdings Limited was founded in 2004 and is headquartered in Singapore. SingAsia Holdings Limited is a subsidiary of Centrex Treasure Holdings Limited.

How the Company Makes Money

SingAsia Holdings makes money through its various human resource services, primarily focusing on manpower outsourcing, which involves supplying temporary and permanent staff to clients in accordance with their specific needs. Another significant revenue stream is manpower recruitment, where the company charges fees for finding and placing suitable candidates in client organizations. Additionally, SingAsia offers manpower training services, generating income by providing skill development and training programs to enhance the employability of candidates. The company may also benefit from strategic partnerships with businesses in key sectors, enhancing its service offerings and expanding its market reach.

SingAsia Holdings Financial Statement Overview

Summary

SingAsia Holdings is facing severe financial challenges, with a steep decline in revenue and persistent losses. The balance sheet indicates rising leverage and declining equity, while cash flows are negative, highlighting liquidity concerns.

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
TTM	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020
Income Statement		Total Revenue
9.85M	12.32M	18.52M	9.79M	5.76M	15.86M
	Gross Profit
2.45M	3.02M	4.29M	2.17M	1.48M	4.16M
	EBIT
-2.20M	-1.19M	762.16K	-1.67M	-1.26M	-956.55K
	EBITDA
-2.05M	-2.72M	1.21M	-1.01M	-630.81K	-247.29K
	Net Income Common Stockholders
-3.61M	-3.27M	565.03K	-1.72M	-1.34M	-935.41K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.08M	4.15M	1.72M	271.15K	3.39M	4.47M
	Total Assets
5.23M	7.27M	7.47M	6.61M	5.71M	7.77M
	Total Debt
1.44M	2.85M	1.41M	1.64M	1.41M	1.94M
	Net Debt
365.32K	-1.30M	-149.03K	1.37M	-1.98M	-2.53M
	Total Liabilities
3.39M	4.39M	3.69M	3.34M	2.71M	3.43M
	Stockholders Equity
1.84M	2.88M	3.78M	3.27M	2.99M	4.34M
Cash Flow		Free Cash Flow
-1.28M	-230.35K	1.61M	-2.51M	-291.93K	1.69M
	Operating Cash Flow
-921.38K	129.25K	1.64M	-2.48M	-283.78K	2.07M
	Investing Cash Flow
-1.74M	-362.65K	-41.77K	-36.55K	-8.15K	-375.08K
	Financing Cash Flow
1.52M	2.83M	-323.23K	-608.17K	-786.04K	811.29K

SingAsia Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.06
• 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 0.06 is above the 20-day moving average (MA) of 0.06, above the 50-day MA of 0.05, and above the 200-day MA of 0.06, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 93.93 is Negative, neither overbought nor oversold. The STOCH value of 52.94 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	74 Outperform	HK$902.65M	6.24	10.74%	7.13%	16.07%	0.77%
8031	62 Neutral	HK$45.82M	―	-13.66%	―	1.72%	-41.03%
8462	61 Neutral	HK$55.20M	2.88	15.12%	―	-17.45%	77.78%
Sector *	61 Neutral	$919.11M	5.92	2.43%	4.36%	10.27%	-74.96%
6919	54 Neutral	HK$586.16M	10.94	-5.73%	2.35%	20.23%	-275.42%
8042	49 Neutral	HK$33.60M	―	-4.27%	―	48.57%	38.46%
8293	40 Underperform	HK$11.83M	―	-147.14%	―	-37.78%	-1616.67%