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VicPlas International Ltd. (SG:569)
SGX:569
Singapore Market

VicPlas International Ltd. (569) AI Stock Analysis

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SG:569

VicPlas International Ltd.

(SGX:569)

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Neutral 42 (OpenAI - 5.2)
Rating:42Neutral
Price Target:
S$0.08
▼(-6.67% Downside)
Action:ReiteratedDate:03/24/26
The score is primarily held back by weaker financial performance—recent losses, deteriorating cash generation, and rising leverage—while technicals are mildly negative with the stock below key moving averages. Valuation is also pressured due to a negative P/E and no stated dividend yield.
Positive Factors
Diversified revenue streams
VicPlas’s dual-segment model (piping systems and medical devices) provides durable revenue diversification across construction and healthcare end markets. Structural demand in both sectors reduces single-market dependence and supports resilience if one end market weakens over the next several months.
Negative Factors
Rising leverage
A rising debt-to-equity ratio signals increased reliance on external financing and higher fixed obligations. Over the medium term this constrains financial flexibility, raises interest burden risk, and reduces capacity for strategic investment if cash generation does not improve.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified revenue streams
VicPlas’s dual-segment model (piping systems and medical devices) provides durable revenue diversification across construction and healthcare end markets. Structural demand in both sectors reduces single-market dependence and supports resilience if one end market weakens over the next several months.
Read all positive factors

VicPlas International Ltd. (569) vs. iShares MSCI Singapore ETF (EWS)

VicPlas International Ltd. Business Overview & Revenue Model

Company Description
Vicplas International Ltd, an investment holding company, engages in the medical devices, and pipes and pipe fittings businesses in Singapore, Malaysia, the People's Republic of China, and the United Kingdom. The company manufactures, trades, and ...

VicPlas International Ltd. Financial Statement Overview

Summary
Mixed fundamentals: a strong 2025 revenue rebound and healthy gross margins are outweighed by a shift to net losses in 2024–2025, rising leverage (debt-to-equity up to ~0.58), and sharply weaker operating cash flow with negative free cash flow in 2024–2025.
Income Statement
46
Neutral
Balance Sheet
55
Neutral
Cash Flow
34
Negative
BreakdownJul 2025Jul 2024Jul 2023Jul 2022Jul 2021
Income Statement
Total Revenue120.81M102.39M129.22M130.81M113.94M
Gross Profit66.57M52.42M66.19M68.06M60.84M
EBITDA7.01M6.93M13.18M17.93M19.03M
Net Income-2.36M-1.36M4.24M8.84M10.40M
Balance Sheet
Total Assets137.71M131.49M119.02M130.34M111.66M
Cash, Cash Equivalents and Short-Term Investments4.71M4.97M8.57M8.89M9.87M
Total Debt41.11M32.47M17.55M28.01M19.57M
Total Liabilities66.32M56.93M40.46M52.03M40.01M
Stockholders Equity71.39M74.57M78.56M78.31M71.64M
Cash Flow
Free Cash Flow-5.99M-7.82M12.53M-2.61M3.83M
Operating Cash Flow388.00K6.72M17.88M10.25M9.01M
Investing Cash Flow-6.36M-14.53M-5.10M-12.79M-5.16M
Financing Cash Flow5.75M4.24M-12.76M1.63M1.86M

VicPlas International Ltd. Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.09
Price Trends
50DMA
0.09
Negative
100DMA
0.09
Negative
200DMA
0.09
Negative
Market Momentum
MACD
>-0.01
Negative
RSI
47.69
Neutral
STOCH
54.76
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:569, the sentiment is Negative. The current price of 0.09 is above the 20-day moving average (MA) of 0.09, below the 50-day MA of 0.09, and below the 200-day MA of 0.09, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 47.69 is Neutral, neither overbought nor oversold. The STOCH value of 54.76 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:569.

VicPlas International Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
74
Outperform
S$56.91M5.1934.20%3.37%1.58%115.29%
51
Neutral
$7.86B-0.30-43.30%2.27%22.53%-2.21%
42
Neutral
S$44.46M-19.74-3.22%13.07%-70.37%
42
Neutral
S$86.67M-22.47-300.34%
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
SG:569
VicPlas International Ltd.
0.09
<0.01
4.82%
SG:1B1
HC Surgical Specialists Ltd
0.37
0.11
40.68%
SG:546
Medtecs International Corporation Ltd.
0.11
-0.02
-11.72%
SG:8YY
Biolidics Ltd.
0.05
0.03
117.39%
SG:FRQ
Singapore Paincare Holdings Limited
0.09
-0.02
-17.92%
SG:MIJ
Alliance Healthcare Group Ltd.
0.16
0.06
55.45%
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.Date of analysis: Mar 24, 2026