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Renaissance United Limited (SG:I11)
SGX:I11
Singapore Market

Renaissance United Limited (I11) AI Stock Analysis

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SG:I11

Renaissance United Limited

(SGX:I11)

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Neutral 43 (OpenAI - 5.2)
Rating:43Neutral
Price Target:
Action:ReiteratedDate:03/24/26
The score is held down primarily by deteriorating financial performance—declining revenue, margin compression, deeper losses, and negative operating/free cash flow most recently. The low-debt balance sheet provides some risk mitigation but is offset by a shrinking equity base. Valuation is difficult to support due to negative earnings, and technical/earnings-call/event inputs were not available to improve confidence.
Positive Factors
Low leverage / zero debt
The zero-debt position in 2025 materially lowers default and refinancing risk and preserves financial flexibility. Over a multi-month horizon this durable balance-sheet strength gives the company optionality to fund operations, weather cyclical weakness, or pursue non-dilutive financing.
Negative Factors
Contracting revenue
A falling top line reduces scale benefits and weakens the business's ability to cover fixed costs and invest in reliability or growth. Persistent revenue contraction makes margin recovery and return to consistent profitability harder over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / zero debt
The zero-debt position in 2025 materially lowers default and refinancing risk and preserves financial flexibility. Over a multi-month horizon this durable balance-sheet strength gives the company optionality to fund operations, weather cyclical weakness, or pursue non-dilutive financing.
Read all positive factors

Renaissance United Limited (I11) vs. iShares MSCI Singapore ETF (EWS)

Renaissance United Limited Business Overview & Revenue Model

Company Description
Renaissance United Limited, an investment holding company, engages in the distribution of gas to household, commercial, and industrial users. The company operates through five segments: Infrastructure Development and Turnkey Construction; Property...

Renaissance United Limited Financial Statement Overview

Summary
Overall fundamentals are weak. Income statement performance is poor with contracting revenue, compressed gross margin, and deeper losses most recently. Cash flow also deteriorated with negative operating and free cash flow in the latest year. The main offset is a low-leverage balance sheet (zero debt in 2025), though the equity base has been shrinking from sustained losses.
Income Statement
28
Negative
Balance Sheet
56
Neutral
Cash Flow
34
Negative
BreakdownTTMApr 2024Apr 2023Jul 2022Apr 2021Apr 2021
Income Statement
Total Revenue74.57M77.68M93.47M74.24M75.43M77.15M
Gross Profit9.48M10.84M22.56M14.35M16.20M20.13M
EBITDA-8.94M-8.14M-3.35M-1.56M-7.08M9.81M
Net Income-10.45M-9.93M-6.78M-6.06M-12.29M-5.40M
Balance Sheet
Total Assets71.95M73.08M90.07M100.23M117.37M131.75M
Cash, Cash Equivalents and Short-Term Investments10.33M7.29M15.83M10.90M14.58M18.76M
Total Debt0.000.000.0022.48M22.17M22.84M
Total Liabilities50.81M51.16M53.68M53.64M59.62M63.12M
Stockholders Equity16.06M22.03M32.19M38.95M46.48M52.49M
Cash Flow
Free Cash Flow1.33M-4.31M2.52M-3.87M308.00K9.24M
Operating Cash Flow1.37M-1.56M2.71M-3.47M566.00K9.31M
Investing Cash Flow-2.72M-2.73M-194.00K-313.00K-257.00K-60.00K
Financing Cash Flow-3.24M-3.91M1.99M889.00K-861.00K-5.34M

Renaissance United Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (66)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
66
Neutral
$17.65B18.105.60%3.62%6.62%11.55%
43
Neutral
S$6.18M-2.60-48.85%
* Utilities Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
SG:I11
Renaissance United Limited
DE:8900
Memiontec Holdings Ltd.
0.01
>-0.01
-41.18%
SG:5CR
Asiatic Group (Holdings) Ltd.
SG:AJ2
Ouhua Energy Holdings Ltd.
0.03
-0.03
-49.06%
SG:BEH
China International Holdings Limited
0.03
<0.01
42.86%
SG:BJV
Yamada Green Resources Ltd.
0.12
>-0.01
-5.38%
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