GS Holdings Ltd. (Singapore) (SG:43A)
SGX:43A
Want to see SG:43A full AI Analyst Report?
Top Page
GS Holdings Ltd. (Singapore)
(SGX:43A)
Select Model
Select Model
Rating:45Neutral
Price Target:
S$0.06
▲(45.00% Upside)
Action:Reiterated
Date:01/20/26
The score is driven primarily by weak financial performance, including large losses and high leverage, which outweighs the benefit of revenue growth. Technicals are supportive due to an uptrend, but overbought indicators elevate near-term downside risk. Valuation is constrained by negative earnings and no dividend support.
Positive Factors
Diversified Business Model
GS Holdings' exposure across restaurants, catering, hotels and property rental creates multiple revenue streams that reduce single-segment volatility. This structural diversification supports resilience versus peers, allows cross-selling and resource reallocation, and stabilizes cash flow over months.
Negative Factors
Negative Profitability
Deeply negative margins show core operations are loss-making, eroding retained earnings and hampering reinvestment. Persistent unprofitability undermines long-term viability, forces reliance on external financing, and makes it harder to fund growth or absorb shocks over the coming months.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified Business Model
GS Holdings' exposure across restaurants, catering, hotels and property rental creates multiple revenue streams that reduce single-segment volatility. This structural diversification supports resilience versus peers, allows cross-selling and resource reallocation, and stabilizes cash flow over months.
Read all positive factors
GS Holdings Ltd. (Singapore) (43A) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$53.99M
Dividend YieldN/A
Average Volume (3M)502.27K
Price to Earnings (P/E)―
Beta (1Y)-0.26
Revenue GrowthN/A
EPS GrowthN/A
CountrySG
Employees106
SectorConsumer Cyclical
Sector Strength84
IndustryRestaurants
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding1,038,175,800
10 Day Avg. Volume196,480
30 Day Avg. Volume502,266
Financial Highlights & Ratios
PEG Ratio0.07
Price to Book (P/B)2.74
Price to Sales (P/S)1.61
P/FCF Ratio-31.02
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
GS Holdings Ltd. (Singapore) Business Overview & Revenue Model
Company Description
GS Holdings Limited, established in Singapore in 2014, operates as an investment holding company with a primary focus on the food and beverage industry. Its operations extend across Singapore and Brunei, where it manages, operates, and leases its ...
How the Company Makes Money
GS Holdings Ltd. generates revenue primarily through its diverse business segments. The food and beverage sector contributes significantly to its earnings, with income derived from restaurant operations, catering services, and franchise agreements...
GS Holdings Ltd. (Singapore) Financial Statement Overview
Summary
Income Statement
35
Negative
Balance Sheet
30
Negative
Cash Flow
40
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 13.23M | 9.23M | 9.23M | 7.11M | 5.96M | 13.58M |
| Gross Profit | 2.22M | 1.72M | 1.86M | 1.43M | -9.00K | 7.35M |
| EBITDA | -2.23M | -116.00K | -113.00K | -5.52M | -9.25M | 3.12M |
| Net Income | -3.08M | -2.43M | -14.49M | -6.30M | -8.86M | 657.00K |
Balance Sheet | ||||||
| Total Assets | 100.84M | 9.75M | 4.50M | 27.53M | 36.55M | 43.92M |
| Cash, Cash Equivalents and Short-Term Investments | 1.83M | 5.75M | 593.00K | 5.02M | 6.04M | 5.86M |
| Total Debt | 68.97M | 2.35M | 3.72M | 3.25M | 5.00M | 4.46M |
| Total Liabilities | 89.57M | 4.34M | 8.07M | 11.98M | 13.16M | 12.16M |
| Stockholders Equity | 11.27M | 5.42M | -2.11M | 12.64M | 20.03M | 27.08M |
Cash Flow | ||||||
| Free Cash Flow | 242.00K | -478.00K | -35.00K | 629.00K | -515.00K | 2.49M |
| Operating Cash Flow | 391.00K | -247.00K | 616.00K | 668.00K | -404.00K | 2.56M |
| Investing Cash Flow | -4.24M | -2.26M | -651.00K | 540.00K | 459.00K | -18.00K |
| Financing Cash Flow | 4.19M | 7.66M | -573.00K | -1.85M | 373.00K | -2.60M |
GS Holdings Ltd. (Singapore) Technical Analysis
Neutral
0.04
Price Trends
0.06
Negative
0.06
Negative
0.05
Negative
Market Momentum
>-0.01
Negative
47.06
Neutral
83.33
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:43A, the sentiment is Neutral. The current price of 0.04 is below the 20-day moving average (MA) of 0.05, below the 50-day MA of 0.06, and below the 200-day MA of 0.05, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 47.06 is Neutral, neither overbought nor oversold. The STOCH value of 83.33 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SG:43A.
GS Holdings Ltd. (Singapore) Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | S$142.01M | 27.69 | 8.96% | 1.79% | 1.49% | -15.83% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
59 Neutral | S$78.39M | 36.53 | 3.98% | 3.75% | 5.51% | -7.73% | |
47 Neutral | S$21.28M | -3.18 | -41.54% | ― | -16.75% | 15.23% | |
45 Neutral | S$53.99M | -18.21 | ― | ― | ― | ― |
* Consumer Cyclical Sector Average
SG:43A
GS Holdings Ltd. (Singapore)
0.05
0.01
36.84%
SG:5OI
Japan Foods Holding
0.12
-0.08
-38.38%
SG:42R
Jumbo Group Ltd. (Singapore)
0.28
0.04
14.75%
SG:533
ABR Holdings Limited
0.39
<0.01
1.30%
SG:540
Tung Lok Restaurants (2000) Ltd
0.05
-0.03
-33.33%
SG:5ML
Old Chang Kee Ltd.
1.17
0.21
21.87%
GS Holdings Ltd. (Singapore) Corporate Events
GS Holdings Unit Wins Exclusive Tsingtao Beer Distribution Rights in Singapore’s Retail Channel
Jan 19, 2026
GS Holdings’ subsidiary Octopus Distribution Networks has secured an exclusive two-year agreement with Tsingtao Brewery Co., Ltd to import, market and distribute seven stock-keeping units of Tsingtao Beer and Tsingtao Draft Beer across Singa...
GS Holdings Completes Strike-Off of Dormant Chinese Subsidiary
Dec 2, 2025
GS Holdings Limited, a company incorporated in Singapore, has completed the strike-off of its direct wholly-owned subsidiary, PMAS International Trading (Hainan) Co., Ltd., in the People’s Republic of China. This move is part of the company&...
GS Holdings Announces Board Restructuring with New Appointment
Nov 10, 2025
GS Holdings Limited, a company based in Singapore, has announced a change in the composition of its Board of Directors and Board Committees. The company has appointed Mr. Mark Neal Barnard as an Independent Director and a member of the Audit and R...
GS Holdings Enhances Board with Beverage Industry Veteran
Nov 10, 2025
GS Holdings Limited has appointed Mr. Mark Neal Barnard as an Independent Director to enhance its global beverage expertise. Mr. Barnard brings extensive experience from his previous roles at Octopus Distribution Networks, Diageo PLC, and Unilever...
GS Holdings Expands Beverage Portfolio with Dyspatchr Acquisition
Nov 3, 2025
GS Holdings Ltd has acquired Dyspatchr Pte. Ltd., a local distributor of fine beer, wine, and spirits, for S$1.52 million. This acquisition marks the company’s third beverage distribution business purchase in six months, enhancing its portfo...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.