TT International Limited (T09) AI Stock Analysis

• Market Cap: S$14.68M
• Dividend Yield: N/A
• Average Volume (3M): N/A
• Price to Earnings (P/E): ―
• Beta (1Y): N/A
• Revenue Growth: -23.26%
• EPS Growth: 28.07%
• Country: US
• Employees: N/A
• Sector: Services
• Sector Strength: N/A
• Industry: Consumer Electronics
• EPS (TTM): N/A
• Shares Outstanding: 1,048,392,000
• 10 Day Avg. Volume: N/A
• 30 Day Avg. Volume: N/A
• PEG Ratio: 0.25
• Price to Book (P/B): -0.05
• Price to Sales (P/S): 0.73
• P/FCF Ratio: -74.91
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 43 Neutral
• Price Target: ―

The score is held down primarily by high financial risk: deeply negative equity, heavy leverage, and unstable cash generation, despite a notable FY2025 revenue rebound and sharply reduced losses. Technical and valuation inputs are unavailable, so they contribute neutral impact.

Positive Factors

Revenue Rebound

The significant revenue rebound in FY2025 indicates a potential recovery in business operations, suggesting improved market conditions or successful strategy adjustments.

Loss Reduction

Narrowing losses and improved margins show operational improvements, which could lead to future profitability if sustained.

Stable Gross Margins

Stable gross margins suggest consistent cost management and pricing strategies, providing a foundation for future profitability improvements.

Negative Factors

High Financial Risk

The company's high leverage and negative equity position indicate significant financial risk, limiting its ability to invest in growth or weather downturns.

Inconsistent Cash Flow

Inconsistent cash flow generation undermines financial stability and limits the company's ability to fund operations and growth initiatives.

Restructuring Challenges

The ongoing restructuring and legal challenges create uncertainty and could impact the company's ability to execute its business strategy effectively.

TT International Limited Business Overview & Revenue Model

Company Description

TT International Limited (T09) is a prominent player in the investment management sector, specializing in asset management services for institutional and high-net-worth clients. The company operates across various sectors, including equities, fixed income, and alternative investments, offering a diverse range of financial products and advisory services designed to meet the unique needs of its clientele. TT International is known for its research-driven investment approach and commitment to delivering long-term value for its investors.

How the Company Makes Money

TT International Limited generates revenue primarily through management fees charged on the assets under management (AUM) for its investment funds and portfolios. The company also earns performance fees based on the investment returns it achieves for clients, incentivizing superior performance. Key revenue streams include fees from equity funds, fixed-income funds, and alternative investments. Additionally, significant partnerships with institutional investors and pension funds enhance its credibility and client base, contributing to stable revenue generation. The company may also benefit from strategic alliances with financial institutions that facilitate access to additional investment opportunities and resources.

TT International Limited Financial Statement Overview

Summary

TT International Limited faces significant financial challenges, characterized by high leverage, inconsistent revenue growth, and persistent profitability issues. The company's financial health is precarious, with negative equity and cash flow volatility posing risks to its stability. Strategic improvements in operational efficiency and financial management are essential for future sustainability.

Income Statement

The company has experienced significant revenue fluctuations, with a notable 79.3% growth in the most recent year. However, profitability remains a concern, as evidenced by negative net profit margins and EBIT margins over the past years. The gross profit margin has been relatively stable, but the company struggles to convert sales into profits, indicating operational inefficiencies.

Balance Sheet

The balance sheet reveals a high level of leverage, with negative stockholders' equity and a negative debt-to-equity ratio, indicating financial instability. The return on equity is minimal, reflecting the company's inability to generate returns for shareholders. The equity ratio is negative, highlighting a precarious financial position with liabilities exceeding assets.

Cash Flow

Cash flow analysis shows inconsistent free cash flow growth, with recent negative growth rates. The operating cash flow to net income ratio is weak, suggesting challenges in converting earnings into cash. The free cash flow to net income ratio is positive but volatile, indicating potential liquidity issues.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	13.94M	20.07M	25.75M	30.19M	33.50M	44.18M
Gross Profit	3.90M	7.71M	10.94M	10.36M	13.25M	-4.85M
EBITDA	-1.93M	-1.58M	-8.74M	25.23M	3.37M	-37.17M
Net Income	-3.37M	-626.00K	-10.91M	21.67M	-3.15M	-40.92M
Balance Sheet
Total Assets	18.25M	19.58M	23.07M	32.65M	43.29M	64.69M
Cash, Cash Equivalents and Short-Term Investments	260.00K	522.00K	804.00K	1.18M	3.03M	3.14M
Total Debt	248.33M	247.69M	248.65M	249.93M	393.72M	404.09M
Total Liabilities	335.93M	335.37M	335.69M	334.38M	561.30M	568.15M
Stockholders Equity	-317.65M	-315.77M	-312.36M	-301.64M	-333.71M	-324.42M
Cash Flow
Free Cash Flow	352.00K	-195.00K	929.00K	-3.16M	1.02M	-229.00K
Operating Cash Flow	648.00K	-65.00K	1.26M	-2.67M	1.05M	-64.00K
Investing Cash Flow	-254.00K	-109.00K	-310.00K	-647.00K	10.83M	4.12M
Financing Cash Flow	-442.00K	-86.00K	-1.31M	1.49M	-11.21M	-2.76M

TT International Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
F10	46 Neutral	S$11.87M	-0.79	-61.57%	―	-22.91%	-169.23%
T09	43 Neutral	S$14.68M	―	―	―	-23.26%	28.07%

TT International Limited Corporate Events

TT International Wins Adjournment of OCBC Winding-Up Bid to January 2026

TT International Limited has provided an update on its ongoing legal and restructuring proceedings, which have included multiple court-sanctioned schemes, extension applications and amendments tied to revised funding arrangements. The company announced that the Singapore court has adjourned the hearing of a winding-up application filed by creditor OCBC to 22 January 2026, where it will be heard together with the company’s amendment application related to the implementation of its updated restructuring scheme, extending the timeline and leaving the firm’s future and creditor recoveries contingent on the outcome of the consolidated hearing.

TT International Faces Winding Up Application Amid New Scheme Terms

TT International Limited has announced the receipt of a winding up application from OCBC, despite the New Scheme terms prohibiting such actions until its termination. The company is currently evaluating the impact of this application and plans to keep stakeholders informed of any significant developments.

TT International’s Scheme Meeting Outcome Reflects Creditor Divisions

TT International Limited announced that at the Scheme General Meeting held on 12 November 2025, the proposal to adjourn the meeting to a date on or before 9 January 2026 was not approved by the requisite majority of Eligible Secured Creditors but was approved by the requisite majority of Eligible Unsecured Creditors. This decision reflects the ongoing complexities in the company’s financial restructuring efforts and highlights the differing perspectives among its creditors, which could impact the company’s future financial strategies and stakeholder relations.

TT International Faces Statutory Demand from OCBC

TT International Limited has received a statutory demand from Oversea-Chinese Banking Corporation Limited (OCBC) for repayment of significant secured and unsecured debts. The company is evaluating the impact of this demand, which could lead to a winding-up order if not addressed within 21 days, and will keep stakeholders informed of any developments.