OxPay Financial Limited (SG:TVV)
SGX:TVV
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OxPay Financial Limited
(SGX:TVV)
Select Model
Select Model
Rating:41Neutral
Price Target:
S$0.04
▼(-24.00% Downside)
Action:ReiteratedDate:03/24/26
The score is primarily constrained by weak financial performance—large ongoing losses, negative cash flow, and negative shareholders’ equity. Technical indicators also lean bearish with the stock below major moving averages and a negative MACD, while valuation is difficult to support due to negative earnings and no dividend yield.
Positive Factors
Diversified payments revenue
OxPay’s revenue model mixes transaction fees with value‑added software, POS sales and subscription services plus strategic bank/network partnerships. That diversification supports recurring revenue streams and cross‑sell opportunities, improving long‑run revenue stability and scalability.
Negative Factors
Deep and persistent unprofitability
A ~61% net loss margin indicates the business is far from break‑even and faces structural profitability challenges. Persistent large losses erode retained capital, limit reinvestment capacity, and make it harder to demonstrate sustainable unit economics to partners and customers over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified payments revenue
OxPay’s revenue model mixes transaction fees with value‑added software, POS sales and subscription services plus strategic bank/network partnerships. That diversification supports recurring revenue streams and cross‑sell opportunities, improving long‑run revenue stability and scalability.
Read all positive factors
OxPay Financial Limited (TVV) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$10.89M
Dividend YieldN/A
Average Volume (3M)1.00M
Price to Earnings (P/E)―
Beta (1Y)0.38
Revenue Growth23.30%
EPS Growth-46.43%
CountrySG
Employees37
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding311,253,140
10 Day Avg. Volume1,585,830
30 Day Avg. Volume1,003,446
Financial Highlights & Ratios
PEG Ratio0.50
Price to Book (P/B)-11.91
Price to Sales (P/S)3.22
P/FCF Ratio-4.76
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
OxPay Financial Limited Business Overview & Revenue Model
Company Description
OxPay Financial Limited provides merchant payment and digital commerce enabling solutions in Singapore, Malaysia, and Thailand. It offers online-to-offline financial services through its integrated platform with a focus on servicing merchants in t...
How the Company Makes Money
OxPay Financial Limited makes money primarily through transaction fees earned from payment processing services it provides to merchants. These fees are typically charged as a percentage of the transaction value or as fixed charges depending on the...
OxPay Financial Limited Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
22
Negative
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 4.84M | 3.63M | 8.32M | 9.87M | 17.54M |
| Gross Profit | 0.00 | 2.10M | 2.32M | 2.45M | 2.56M | 10.26M |
| EBITDA | -651.00K | -2.69M | -3.03M | -1.19M | -179.00K | -26.63M |
| Net Income | -2.23M | -2.93M | -3.24M | -1.36M | -473.00K | -27.06M |
Balance Sheet | ||||||
| Total Assets | 1.02M | 3.93M | 6.07M | 16.74M | 26.13M | 30.50M |
| Cash, Cash Equivalents and Short-Term Investments | 1.01M | 2.13M | 4.16M | 9.40M | 22.11M | 26.45M |
| Total Debt | 7.17M | 2.23M | 1.20M | 823.00K | 28.00K | 24.00K |
| Total Liabilities | 9.51M | 5.78M | 5.27M | 12.62M | 20.64M | 25.07M |
| Stockholders Equity | -8.49M | -1.31M | 1.26M | 4.53M | 5.83M | 5.89M |
Cash Flow | ||||||
| Free Cash Flow | -649.00K | -3.27M | -5.35M | -13.58M | -4.12M | 19.98M |
| Operating Cash Flow | -649.00K | -3.15M | -5.21M | -13.51M | -3.90M | 20.06M |
| Investing Cash Flow | -548.00K | -136.00K | -141.00K | -71.00K | -198.00K | 1.17M |
| Financing Cash Flow | 291.00K | 1.28M | 126.00K | 765.00K | -190.00K | 1.83M |
OxPay Financial Limited Technical Analysis
Negative
0.05
Price Trends
0.05
Negative
0.05
Negative
0.05
Negative
Market Momentum
>-0.01
Negative
45.81
Neutral
42.86
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:TVV, the sentiment is Negative. The current price of 0.05 is above the 20-day moving average (MA) of 0.04, above the 50-day MA of 0.05, and above the 200-day MA of 0.05, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 45.81 is Neutral, neither overbought nor oversold. The STOCH value of 42.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:TVV.
OxPay Financial Limited Peers Comparison
UnderperformOutperform
Sector (61)
SG:TVV
OxPay Financial Limited
0.04
0.02
84.21%
SG:CYW
TrickleStar Ltd.
0.03
0.00
0.00%
SG:J03
Jadason Enterprises Ltd
0.01
<0.01
40.00%
SG:M11
Manufacturing Integration Technology Ltd.
0.03
0.01
86.67%
SG:NHD
Jubilee Industries Holdings Ltd.
0.02
>-0.01
-9.52%
OxPay Financial Limited Corporate Events
OxPay Links Up With Liquid Group to Broaden Regional QR Wallet Acceptance
Mar 6, 2026
OxPay Financial has entered a strategic partnership with Singapore fintech Liquid Group to integrate its RoamQR payment framework into OxPay’s upgraded payment solutions platform. The tie-up will allow merchants on OxPay’s network to a...
OxPay Wins More Time to Secure Bhutan Money Services Licence
Feb 5, 2026
OxPay Financial has received an extension from Bhutan’s Gelephu Financial Services Office until 26 March 2026 to meet the remaining regulatory pre-conditions tied to its in-principle approval for a financial services licence in Gelephu Mindf...
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.