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TrickleStar Ltd.
(SGX:CYW)
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Rating:50Neutral
Price Target:
S$0.10
▲(216.67% Upside)
Action:Reiterated
Date:07/01/26
The score is held down primarily by weak and volatile operating performance (recent losses, steep 2025 revenue contraction) and recent cash burn (negative operating and free cash flow). These risks are partly offset by a very low-leverage balance sheet and a technically improved longer-term price trend versus key longer moving averages.
Positive Factors
Low leverage / conservative balance sheet
Very low debt and a sizeable equity base reduce solvency risk and preserve flexibility to absorb operating volatility. Over a 2–6 month horizon this capitalization supports funding working capital needs, pursuing restructuring or product investments without immediate refinancing pressure.
Negative Factors
Sharp 2025 revenue decline
A near 60% revenue contraction undermines economies of scale, destabilizes fixed-cost absorption, and reduces predictability of future earnings. Sustained top-line weakness over several quarters would pressure margins, cash flow and the firm's ability to fund strategic initiatives without external support.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / conservative balance sheet
Very low debt and a sizeable equity base reduce solvency risk and preserve flexibility to absorb operating volatility. Over a 2–6 month horizon this capitalization supports funding working capital needs, pursuing restructuring or product investments without immediate refinancing pressure.
Read all positive factors
TrickleStar Ltd. (CYW) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$20.94M
Dividend YieldN/A
Average Volume (3M)2.42M
Price to Earnings (P/E)―
Beta (1Y)2.42
Revenue Growth-50.20%
EPS Growth86.42%
CountrySG
Employees11
SectorTechnology
Sector Strength88
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding237,928,560
10 Day Avg. Volume1,024,640
30 Day Avg. Volume2,416,176
Financial Highlights & Ratios
PEG Ratio0.27
Price to Book (P/B)0.67
Price to Sales (P/S)0.60
P/FCF Ratio-10.05
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
TrickleStar Ltd. Business Overview & Revenue Model
Company Description
TrickleStar Limited, founded in 2007 and based in Kuala Lumpur, Malaysia, specializes in developing and supplying innovative energy optimization solutions. These products empower consumers in the United States and Canada to significantly reduce th...
How the Company Makes Money
null...
TrickleStar Ltd. Financial Statement Overview
Summary
Income Statement
35
Negative
Balance Sheet
72
Positive
Cash Flow
40
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 5.81M | 11.48M | 10.29M | 13.82M | 11.29M |
| Gross Profit | 2.01M | 2.14M | 2.39M | 3.50M | 1.80M |
| EBITDA | -52.02K | -561.50K | -149.79K | -34.70K | -1.62M |
| Net Income | -155.48K | -665.21K | -282.16K | 164.30K | -2.39M |
Balance Sheet | |||||
| Total Assets | 6.12M | 7.14M | 8.58M | 8.82M | 9.11M |
| Cash, Cash Equivalents and Short-Term Investments | 1.48M | 1.24M | 3.28M | 2.74M | 3.13M |
| Total Debt | 104.71K | 82.40K | 138.12K | 193.30K | 557.17K |
| Total Liabilities | 956.98K | 2.58M | 3.45M | 3.50M | 4.04M |
| Stockholders Equity | 5.16M | 4.56M | 5.12M | 5.32M | 5.06M |
Cash Flow | |||||
| Free Cash Flow | -345.16K | -1.99M | 590.76K | 213.28K | -408.23K |
| Operating Cash Flow | -325.92K | -1.92M | 677.54K | 364.36K | 550.21K |
| Investing Cash Flow | -19.24K | -68.35K | -80.76K | -147.72K | -957.84K |
| Financing Cash Flow | 558.37K | -61.35K | -63.11K | 701.00K | -1.57M |
TrickleStar Ltd. Technical Analysis
Neutral
0.03
Price Trends
0.09
Positive
0.06
Positive
0.04
Positive
Market Momentum
>-0.01
Positive
44.04
Neutral
35.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:CYW, the sentiment is Neutral. The current price of 0.03 is below the 20-day moving average (MA) of 0.10, below the 50-day MA of 0.09, and below the 200-day MA of 0.04, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 44.04 is Neutral, neither overbought nor oversold. The STOCH value of 35.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SG:CYW.
TrickleStar Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | S$470.79M | 22.88 | 11.96% | 5.24% | -7.63% | -33.33% | |
73 Outperform | S$667.60M | 15.64 | 12.85% | 17.05% | -30.42% | -43.04% | |
62 Neutral | S$80.37M | 12.99 | 0.90% | ― | -3.37% | 926.32% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
50 Neutral | S$20.94M | -42.59 | -1.41% | ― | -50.20% | 86.42% |
* Technology Sector Average
SG:CYW
TrickleStar Ltd.
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TrickleStar Ltd. Corporate Events
TrickleStar Reshapes Board and Committees Amid Leadership Transition
Jun 18, 2026
TrickleStar Limited has reshaped its board, appointing Chua Hoi Tek as a non-executive, non-independent director and member of both the audit and nominating committees, and bringing in Yong Jiunn Run as a non-executive, independent director and ch...
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.