GS Holdings Ltd. (Singapore) AI Stock Analysis
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GS Holdings Ltd. (Singapore) (43A) AI Stock Analysis
GS Holdings Ltd. (Singapore)
(SGX:43A)
The score is held down primarily by weak profitability and high balance-sheet leverage despite a sharp revenue rebound and improved cash flow. Technically, the stock remains below major moving averages (downtrend), with only modest positive momentum signals. Valuation is also a negative factor because earnings are negative and there is no dividend yield support.
GS Holdings Ltd. (Singapore) (43A) vs. iShares MSCI Singapore ETF (EWS)
- Market Cap
- SGD 43.63M
- Dividend Yield
- ―
- Average Volume (3M)
- 315.07K
- Price to Earnings (P/E)
- -18.1
- Beta (1Y)
- 0.13
- Revenue Growth
- ―
- EPS Growth
- ―
- Country
- Singapore
- Employees
- 110
- Sector
- Consumer Cyclical
- Sector Strength
- 61
- Industry
- Packaged Foods
GS Holdings Ltd. (Singapore) Business Overview & Revenue Model
Company Description
Octopus (APAC) Holdings Limited is a Singapore-based investment holding company that has transitioned to focus on the import, distribution, brand management, and logistics of premium beverages across the Asia-Pacific region. The company was formerly...
GS Holdings Ltd. (Singapore) Financial Statement Overview
Summary
Revenue rebounded sharply in 2026, and operating/free cash flow turned positive (~8.7M). However, profitability remains weak with very thin gross margin (~2.4%), negative EBIT margin (~-2.5%), and a net loss (~2.1M). Balance sheet risk is elevated due to a large leverage jump (debt-to-equity ~5.1x) and negative ROE (~-17.7%), reducing financial flexibility despite improved cash generation.
Income Statement
28NegativeBalance Sheet
22NegativeCash Flow
55Neutral| 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 | -9,000 |
| EBITDA | -1.99M | -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
Price Trends
Market Momentum
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 0.04, below the 50-day MA of 0.04, and below the 200-day MA of 0.05, indicating a bearish trend. The MACD of -0.00 indicates Negative momentum. The RSI at 45.58 is Neutral, neither overbought nor oversold. The STOCH value of 94.44 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
Overall Rating
SG:5ML66Neutral
SG:53346Neutral- SG:43A44Neutral
SG:5OI37Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| SG:5ML | 66Neutral | SGD 143.22M | 15.02 | 15.24% | 1.66% | 1.49% | -15.83% |
| Sector * | 61Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% |
| SG:533 | 46Neutral | SGD 78.39M | 97.50 | 0.82% | 3.85% | 0.46% | -78.95% |
| SG:43A | 44Neutral | SGD 43.63M | -18.09 | -24.29% | ― | ― | ― |
| SG:5OI | 37Underperform | SGD 19.19M | -6.11 | -21.00% | ― | -18.19% | 67.09% |
* Consumer Cyclical Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| SG:43A | GS Holdings Ltd. (Singapore) | 0.04 | -0.01 | -24.00% | |
| SG:5OI | Japan Foods Holding | 0.11 | -0.06 | -34.91% | |
| SG:42R | Jumbo Group Ltd. (Singapore) | 0.24 | -0.02 | -8.24% | |
| SG:533 | ABR Holdings Limited | 0.39 | -0.01 | -1.76% | |
| SG:540 | Tung Lok Restaurants (2000) Ltd | 0.06 | -0.03 | -33.33% | |
| SG:5ML | Old Chang Kee Ltd. | 1.18 | 0.05 | 4.52% |
GS Holdings Ltd. (Singapore) Corporate Events
Octopus (APAC) to Run Key Cellarbration Channels in Direct-to-Consumer Push
Octopus (APAC) Holdings’ subsidiary Octopus Distribution Networks has signed a management and licensing agreement to run selected retail outlets, e-commerce and corporate event channels of Singapore alcohol retailer Cellarbration from October 2026. T...
Octopus launches Wildfire APAC joint venture to scale global beverage brands across Asia-Pacific
Octopus (APAC) Holdings Limited has formed a Singapore-based joint venture, Wildfire APAC, with Wildfire Advisory co-founders Conor Hardy and Mark Livings to help alcoholic and non-alcoholic beverage brands enter and scale across Asia-Pacific. The ne...
Octopus (APAC) Launches APAC Drinks Advisory JV to Boost Beverage Distribution Reach
Octopus (APAC) Holdings Limited has entered a joint venture and shareholders’ agreement with Wild Spark Global and Binary Star Investment to form Wildfire APAC Pte. Ltd. in Singapore. The new JV company will act as a drinks advisory agency focused on...
Octopus (APAC) Flags S$4.9 Million Revenue Hit From Loss of Corona and Budweiser Rights
Octopus (APAC) Holdings Limited has quantified the impact of the termination of its distribution agreements for Corona and Budweiser with Interbrew China Holding Limited and Anheuser-Busch InBev Vietnam Brewery Company Limited. The company estimates...
Octopus (APAC) Holdings AGM Backs Board, Fees and Share Issuance Mandate
Octopus (APAC) Holdings Limited held its annual general meeting in Singapore on 28 August 2026, confirming a quorum and conducting all shareholder voting by poll in line with SGX Catalist rules. The board reported that responses to investor questions...
Octopus APAC Details Profitability Drive and ABI Termination Response
Octopus (APAC) Holdings laid out key priorities to turning its loss-making distribution operations profitable, emphasizing portfolio and pricing discipline, improved sales productivity, and tighter fixed cost efficiency. Management highlighted off-tr...
Octopus (APAC) Wins Exclusive Angostura Distribution Deal in Singapore
Octopus (APAC) Holdings has secured the exclusive Singapore distributorship for Angostura, the Trinidad and Tobago-based producer of Angostura Aromatic Bitters and premium Caribbean rums. Under a three-year appointment starting 5 August 2026, its sub...
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: Oct 15, 2026