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GS Holdings Ltd. (Singapore)
(SGX:43A)
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Rating:44Neutral
Price Target:
S$0.05
▲(17.50% Upside)
Action:Reiterated
Date:07/01/26
Overall score is weighed down primarily by high leverage and continued net losses despite improved cash flow and a sharp revenue rebound. Technicals add additional pressure as the stock trades below major moving averages, while valuation remains constrained due to negative earnings and no provided dividend yield.
Positive Factors
Diversified Business Model
GS Holdings' exposure across restaurants, catering, hotels and property rental creates multiple revenue streams that reduce single-segment volatility. This structural diversification supports resilience versus peers, allows cross-selling and resource reallocation, and stabilizes cash flow over months.
Negative Factors
Negative Profitability
Deeply negative margins show core operations are loss-making, eroding retained earnings and hampering reinvestment. Persistent unprofitability undermines long-term viability, forces reliance on external financing, and makes it harder to fund growth or absorb shocks over the coming months.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified Business Model
GS Holdings' exposure across restaurants, catering, hotels and property rental creates multiple revenue streams that reduce single-segment volatility. This structural diversification supports resilience versus peers, allows cross-selling and resource reallocation, and stabilizes cash flow over months.
Read all positive factors
GS Holdings Ltd. (Singapore) (43A) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$49.83M
Dividend YieldN/A
Average Volume (3M)502.27K
Price to Earnings (P/E)―
Beta (1Y)-0.23
Revenue GrowthN/A
EPS GrowthN/A
CountrySG
Employees106
SectorConsumer Cyclical
Sector Strength84
IndustryRestaurants
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding1,038,175,800
10 Day Avg. Volume196,480
30 Day Avg. Volume502,266
Financial Highlights & Ratios
PEG Ratio0.43
Price to Book (P/B)5.04
Price to Sales (P/S)0.96
P/FCF Ratio6.96
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
GS Holdings Ltd. (Singapore) Business Overview & Revenue Model
Company Description
GS Holdings Limited, established in Singapore in 2014, operates as an investment holding company with a primary focus on the food and beverage industry. Its operations extend across Singapore and Brunei, where it manages, operates, and leases its ...
GS Holdings Ltd. (Singapore) Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
22
Negative
Cash Flow
55
Neutral
| Breakdown | TTM | Mar 2026 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 13.23M | 62.93M | 9.23M | 9.23M | 7.11M | 5.96M |
| Gross Profit | 2.22M | 1.54M | 1.72M | 1.86M | 1.43M | -9.00K |
| EBITDA | -2.23M | -528.00K | -116.00K | -113.00K | -5.52M | -9.25M |
| Net Income | -3.08M | -2.11M | -2.43M | -14.49M | -6.30M | -8.86M |
Balance Sheet | ||||||
| Total Assets | 100.84M | 91.22M | 9.75M | 4.50M | 27.53M | 36.55M |
| Cash, Cash Equivalents and Short-Term Investments | 1.83M | 3.94M | 5.75M | 593.00K | 5.02M | 6.04M |
| Total Debt | 68.97M | 60.91M | 2.35M | 3.72M | 3.25M | 5.00M |
| Total Liabilities | 89.57M | 79.28M | 4.34M | 8.07M | 11.98M | 13.16M |
| Stockholders Equity | 11.27M | 11.94M | 5.42M | -2.11M | 12.64M | 20.03M |
Cash Flow | ||||||
| Free Cash Flow | 242.00K | 8.65M | -478.00K | -35.00K | 629.00K | -515.00K |
| Operating Cash Flow | 391.00K | 8.68M | -247.00K | 616.00K | 668.00K | -404.00K |
| Investing Cash Flow | -4.24M | -2.07M | -2.26M | -651.00K | 540.00K | 459.00K |
| Financing Cash Flow | 4.19M | -9.30M | 7.66M | -573.00K | -1.85M | 373.00K |
GS Holdings Ltd. (Singapore) Technical Analysis
Negative
0.04
Price Trends
0.05
Negative
0.06
Negative
0.05
Negative
Market Momentum
>-0.01
Negative
37.18
Neutral
83.33
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:43A, the sentiment is Negative. The current price of 0.04 is below the 20-day moving average (MA) of 0.05, below the 50-day MA of 0.05, and below the 200-day MA of 0.05, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 37.18 is Neutral, neither overbought nor oversold. The STOCH value of 83.33 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:43A.
GS Holdings Ltd. (Singapore) Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | S$143.22M | 27.96 | 8.96% | 1.79% | 1.49% | -15.83% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
59 Neutral | S$82.41M | 36.61 | 3.98% | 3.75% | 5.51% | -7.73% | |
47 Neutral | S$20.93M | -3.13 | -41.54% | ― | -16.75% | 15.23% | |
44 Neutral | S$49.83M | -15.00 | ― | ― | ― | ― |
* Consumer Cyclical Sector Average
SG:43A
GS Holdings Ltd. (Singapore)
0.05
0.01
29.73%
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SG:42R
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SG:5ML
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18.00%
GS Holdings Ltd. (Singapore) Corporate Events
Octopus (APAC) Holdings Names New Group Managing Director, Keeps Board Committees Unchanged
Jun 4, 2026
Octopus (APAC) Holdings Limited has appointed Ms. Teh Chooi Peng as Group Managing Director and Executive Director with effect from 4 June 2026, strengthening its executive leadership at the board level. Following her appointment, the board will c...
Octopus (APAC) Names Founder Dato Elaine Teh Group MD to Drive Regional Beverage Growth
Jun 4, 2026
Octopus (APAC) Holdings has appointed founder Dato Elaine Teh as Group Managing Director, formalising her leadership of the alcohol distribution platform that underpins the company’s business. Teh, who founded principal subsidiary Octopus Di...
Octopus (APAC) Shareholders Unanimously Approve Switch of Auditor to KPMG
May 7, 2026
Octopus (APAC) Holdings Limited, a Singapore-listed holding company on the SGX Catalist board, operates from its Octopus Building in Ubi and is overseen by a mix of executive and independent non-executive directors. The company’s governance ...
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.