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Jasper Investments
(SGX:FQ7)
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Rating:48Neutral
Price Target:
S$0.01
▼(-83.33% Downside)
Action:Reiterated
Date:07/01/26
The score is held back primarily by continued large losses and persistent negative operating/free cash flow despite improving revenue and gross margin. A low-debt balance sheet with positive equity provides some downside support, but valuation remains challenged by negative earnings and there is no usable technical or earnings-call detail to improve conviction.
Positive Factors
Revenue growth
A near-doubling of revenue in 2026 signals durable top-line traction versus prior years. For a midstream business, sustained revenue growth improves the prospect of leveraging fixed-cost infrastructure, unlocking operating leverage and enabling a pathway to scale if the company maintains commercial momentum over the next several quarters.
Negative Factors
Persistent cash burn
Consistent negative operating cash flow and free cash flow show the business currently cannot self-fund operations or growth. Over months this necessitates external financing or equity issuance, which can dilute holders and constrain capital allocation, limiting the company's ability to invest in growth or absorb shocks.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue growth
A near-doubling of revenue in 2026 signals durable top-line traction versus prior years. For a midstream business, sustained revenue growth improves the prospect of leveraging fixed-cost infrastructure, unlocking operating leverage and enabling a pathway to scale if the company maintains commercial momentum over the next several quarters.
Read all positive factors
Jasper Investments (FQ7) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$52.09M
Dividend YieldN/A
Average Volume (3M)N/A
Price to Earnings (P/E)―
Beta (1Y)0.44
Revenue GrowthN/A
EPS Growth-50.00%
CountrySG
Employees181
SectorIndustrials
Sector Strength72
IndustryMarine Shipping
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding26,045,000,000
10 Day Avg. VolumeN/A
30 Day Avg. VolumeN/A
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)4.78
Price to Sales (P/S)4.63
P/FCF Ratio-22.70
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
Jasper Investments Business Overview & Revenue Model
Company Description
Salt Investments Limited operates as an investment holding company with a core focus on the maritime sector. The firm delivers specialized engineering and maintenance solutions for diverse seagoing vessels, including tankers and other oceangoing c...
Jasper Investments Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
24
Negative
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 14.69M | 2.13M | 0.00 | 0.00 | 0.00 |
| Gross Profit | 1.98M | 143.00K | 0.00 | -2.75K | -24.27K |
| EBITDA | -12.96M | -5.98M | -752.30K | -1.02M | -673.64K |
| Net Income | -13.38M | -6.03M | -839.00K | -1.05M | ― |
Balance Sheet | |||||
| Total Assets | 21.70M | 23.33M | 345.00K | 9.00K | 412.57K |
| Cash, Cash Equivalents and Short-Term Investments | 4.79M | 5.59M | 344.00K | 1.00K | 136.62K |
| Total Debt | 146.00K | 62.00K | 229.00K | 1.53M | 1.44M |
| Total Liabilities | 6.83M | 3.01M | 1.67M | 2.49M | 1.85M |
| Stockholders Equity | 14.25M | 19.46M | -1.32M | -2.48M | -1.44M |
Cash Flow | |||||
| Free Cash Flow | -3.00M | -6.93M | -501.00K | -331.37K | -848.14K |
| Operating Cash Flow | -2.95M | -3.43M | -501.00K | -328.71K | -841.37K |
| Investing Cash Flow | -3.35M | -9.63M | 0.00 | -2.66K | -6.76K |
| Financing Cash Flow | 5.49M | 18.31M | 844.00K | 206.12K | 976.64K |
Jasper Investments Peers Comparison
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Sector (63)
SG:FQ7
Jasper Investments
―
―
―
SG:566
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0.12
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0.93
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16.21%
Jasper Investments Corporate Events
Salt Investments Earmarks Placement Proceeds for Oil/Chemical Tanker Purchase
Jun 23, 2026
Salt Investments Limited has earmarked US$1.15 million from recent private placement proceeds to fund the purchase of an oil/chemical tanker vessel for its maritime operations, paying US$90,000 as a deposit with the balance due on completion. The ...
Salt Investments Rides Maritime Push to 589% Revenue Surge Despite Impairment-Driven Loss
Jun 1, 2026
Salt Investments reported a 589% surge in FY2026 revenue to S$14.69 million and an 814% jump in gross profit to S$1.98 million, driven mainly by contributions from TT Oil and Prosper Excel Engineering, though bottom-line results remained in the re...
Salt Investments Sets Up Harbourworld Units to Expand Oil Logistics and Trading
May 31, 2026
Salt Investments has incorporated two majority-owned subsidiaries, Harbourworld Energy Limited in the British Virgin Islands and Harbourworld Energy Pte. Ltd. in Singapore, both currently dormant. The new entities are structured with 51% ownership...
Salt Investments’ TT Oil Wins EUROTEC Lubricants Mandate Across ASEAN and Africa
May 13, 2026
Salt Investments’ principal subsidiary TT Oil (Singapore), a supplier of marine and industrial lubricants, has been appointed by Sinova Group SA as an authorized, non-exclusive distributor of EUROTEC brand lubricants across selected ASEAN ma...
Salt Investments Raises S$4.8 Million to Accelerate Marine and Infrastructure Expansion
May 10, 2026
Salt Investments Limited has completed a S$4.8 million private placement of 1.75 billion new shares, drawing in prominent institutional investors such as Ginko-AGT Global Growth Fund, Lion Global Investors and Value Partners Hong Kong, alongside c...
Mencast and Salt Investments Forge Marine Oily-Waste Alliance in Singapore
Apr 28, 2026
Mencast Holdings and Salt Investments have entered a binding strategic collaboration through Mencast Offshore Marine and Prosper Excel Engineering to deliver integrated marine oily-waste management services in Singapore. The partnership combines ...
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.