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Attika Group Ltd.
(SGX:53W)
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Rating:56Neutral
Price Target:
S$0.17
▼(-55.26% Downside)
Action:Reiterated
Date:06/12/26
The score is driven primarily by improving operating performance and profitability (income statement strength), offset by balance-sheet leverage risk and volatile free-cash-flow conversion. Technical indicators show weak near-term momentum, while valuation is moderately supported by the dividend yield but limited by the lack of a usable P/E.
Positive Factors
Revenue rebound & profitability
A sharp revenue rebound in 2025 coupled with consistently positive earnings provides a more resilient earnings base and signals renewed contract wins and demand. Over the next 2–6 months this supports operating stability, backlog conversion and the ability to invest in projects without relying solely on external funding.
Negative Factors
Historically high leverage
A history of very high debt-to-equity creates ongoing sensitivity to project delays, cost overruns and rate moves. Although improved, meaningful debt remains in 2025, constraining financial flexibility, increasing refinancing and covenant risk, and elevating downside exposure if revenues falter in the next few quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue rebound & profitability
A sharp revenue rebound in 2025 coupled with consistently positive earnings provides a more resilient earnings base and signals renewed contract wins and demand. Over the next 2–6 months this supports operating stability, backlog conversion and the ability to invest in projects without relying solely on external funding.
Read all positive factors
Attika Group Ltd. (53W) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$53.95M
Dividend Yield2.76%
Average Volume (3M)25.35K
Price to Earnings (P/E)16.1
Beta (1Y)-0.11
Revenue GrowthN/A
EPS GrowthN/A
CountrySG
Employees99
SectorGeneral
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.01
Shares Outstanding270,876,300
10 Day Avg. Volume45,000
30 Day Avg. Volume25,353
Financial Highlights & Ratios
PEG Ratio-0.45
Price to Book (P/B)4.84
Price to Sales (P/S)1.63
P/FCF Ratio19.14
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
S$0.31Price Target Upside-18.42% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Attika Group Ltd. Business Overview & Revenue Model
Company Description
Attika Group Ltd. operates as an investment holding company with diverse business activities. The firm provides electrical solutions throughout Singapore and specializes in end-to-end interior design and fit-out projects. Its services encompass th...
Attika Group Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
48
Neutral
Cash Flow
55
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 37.55M | 55.52M | 26.97M | 24.91M | 25.72M |
| Gross Profit | 7.70M | 8.38M | 5.86M | 4.35M | 3.03M |
| EBITDA | 5.09M | 4.52M | 3.70M | 2.87M | 1.93M |
| Net Income | 3.36M | 2.82M | 2.28M | 2.07M | 1.43M |
Balance Sheet | |||||
| Total Assets | 44.42M | 35.02M | 24.66M | 18.65M | 18.53M |
| Cash, Cash Equivalents and Short-Term Investments | 6.82M | 9.18M | 2.71M | 882.27K | 594.00K |
| Total Debt | 14.70M | 11.76M | 16.17M | 8.80M | 10.04M |
| Total Liabilities | 31.76M | 24.73M | 21.90M | 15.83M | 16.98M |
| Stockholders Equity | 12.66M | 10.30M | 2.76M | 2.82M | 1.54M |
Cash Flow | |||||
| Free Cash Flow | 3.20M | 10.77M | -603.00K | 2.73M | -2.36M |
| Operating Cash Flow | 3.25M | 10.86M | 5.67M | 2.79M | -2.26M |
| Investing Cash Flow | -1.34M | -840.00K | -6.55M | 228.32K | 58.66K |
| Financing Cash Flow | -4.07M | -3.89M | 2.85M | -2.73M | 1.96M |
Attika Group Ltd. Technical Analysis
Neutral
0.38
Price Trends
0.20
Positive
0.20
Positive
0.19
Positive
Market Momentum
<0.01
Positive
50.54
Neutral
44.44
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:53W, the sentiment is Neutral. The current price of 0.38 is above the 20-day moving average (MA) of 0.20, above the 50-day MA of 0.20, and above the 200-day MA of 0.19, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 50.54 is Neutral, neither overbought nor oversold. The STOCH value of 44.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SG:53W.
Attika Group Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
SG:53W
Attika Group Ltd.
0.20
0.04
25.00%
SG:ER0
KSH Holdings Limited
0.32
0.02
5.35%
SG:BFI
Tiong Seng Holdings Limited
0.08
>-0.01
-10.59%
SG:J2T
Hock Lian Seng Holdings Limited
0.29
-0.10
-26.21%
SG:L19
Lum Chang Holdings Limited
0.56
0.19
49.73%
SG:ZQM
Soilbuild Construction Group Ltd.
0.65
0.15
29.74%
Attika Group Ltd. Corporate Events
Attika Group Shareholders Approve Dividend, Board Mandates at 2026 AGM
May 12, 2026
Attika Group Ltd. held its annual general meeting in Singapore on 30 April 2026, with a quorum of shareholders and the full board in attendance, and conducted all voting by poll in line with SGX Catalist rules. Shareholders received and adopted th...
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.