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VicPlas International Ltd. (SG:569)
SGX:569
Singapore Market
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VicPlas International Ltd. (569) AI Stock Analysis

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SG:569

VicPlas International Ltd.

(SGX:569)

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Neutral 44 (OpenAI - Gpt-5.6Sol)
Rating:44Neutral
Price Target:
S$0.07
▼(-7.14% Downside)
Action:Reiterated
Date:08/06/26
The score is driven primarily by weak financial quality: despite a strong 2025 revenue rebound and healthy gross margins, recent losses, sharply reduced operating cash flow, and negative free cash flow weigh heavily. Technical indicators are broadly neutral with some short-term momentum, but the longer-term trend remains below key moving averages. Valuation is difficult to support given the negative P/E and lack of dividend yield data.
Positive Factors
2025 Revenue Rebound
The sharp 2025 top-line recovery indicates renewed demand or improved commercial execution. If sustained, higher revenue can improve operating leverage and provide a stronger base for restoring profitability over the next several reporting periods.
Negative Factors
Persistent Net Losses
Recent revenue growth has not yet translated into positive bottom-line earnings. Continued losses weaken retained capital and indicate that operating costs or other charges remain too high for the current revenue base, limiting earnings durability.
Read all positive and negative factors
Positive Factors
Negative Factors
2025 Revenue Rebound
The sharp 2025 top-line recovery indicates renewed demand or improved commercial execution. If sustained, higher revenue can improve operating leverage and provide a stronger base for restoring profitability over the next several reporting periods.
Read all positive factors

VicPlas International Ltd. (569) vs. iShares MSCI Singapore ETF (EWS)

VicPlas International Ltd. Business Overview & Revenue Model

Company Description
Vicplas International Ltd, established in Singapore in 1993, operates as an investment holding company with key business segments in medical devices and piping systems. The company's geographical reach includes Singapore, Malaysia, the People's Re...

VicPlas International Ltd. Financial Statement Overview

Summary
Mixed fundamentals: a strong 2025 revenue rebound (+44.7% YoY) and healthy gross margins (~51–55%) are positives, but the company is loss-making in 2024–2025 (net margin about -1% to -2%). Cash generation is the biggest weakness with operating cash flow dropping to ~S$0.4m in 2025 and negative free cash flow in 2024–2025, while leverage has risen (debt-to-equity ~0.58 in 2025).
Income Statement
46
Neutral
Balance Sheet
55
Neutral
Cash Flow
34
Negative
BreakdownTTMJul 2025Jul 2024Jul 2023Jul 2022Jul 2021
Income Statement
Total Revenue126.34M120.81M102.39M129.22M130.81M113.94M
Gross Profit42.11M66.57M52.42M66.19M68.06M60.84M
EBITDA4.35M7.01M6.93M13.18M17.93M19.03M
Net Income-6.04M-2.36M-1.36M4.24M8.84M10.40M
Balance Sheet
Total Assets136.02M137.71M131.49M119.02M130.34M111.66M
Cash, Cash Equivalents and Short-Term Investments6.51M4.71M4.97M8.57M8.89M9.87M
Total Debt43.91M41.11M32.47M17.55M28.01M19.57M
Total Liabilities67.51M66.32M56.93M40.46M52.03M40.01M
Stockholders Equity68.51M71.39M74.57M78.56M78.31M71.64M
Cash Flow
Free Cash Flow-2.89M-5.99M-7.82M12.53M-2.61M3.83M
Operating Cash Flow1.96M388.00K6.72M17.88M10.25M9.01M
Investing Cash Flow-632.00K-6.36M-14.53M-5.10M-12.79M-5.16M
Financing Cash Flow-2.64M5.75M4.24M-12.76M1.63M1.86M

VicPlas International Ltd. Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.07
Price Trends
50DMA
0.08
Negative
100DMA
0.08
Negative
200DMA
0.09
Negative
Market Momentum
MACD
>-0.01
Positive
RSI
39.51
Neutral
STOCH
20.15
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:569, the sentiment is Negative. The current price of 0.07 is below the 20-day moving average (MA) of 0.07, below the 50-day MA of 0.08, and below the 200-day MA of 0.09, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 39.51 is Neutral, neither overbought nor oversold. The STOCH value of 20.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:569.

VicPlas International Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
74
Outperform
S$30.95M10.2217.85%7.30%-3.11%-21.50%
51
Neutral
$7.86B-0.30-43.30%2.27%22.53%-2.21%
44
Neutral
S$34.24M-5.73-3.22%17.24%-353.85%
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
SG:569
VicPlas International Ltd.
0.07
-0.02
-20.24%
SG:505
Asiamedic Limited
0.02
<0.01
20.00%
SG:546
Medtecs International Corporation Ltd.
0.11
-0.01
-8.80%
SG:584
AJJ Medtech Holdings Limited
0.01
0.00
0.00%
SG:MIJ
Alliance Healthcare Group Ltd.
0.18
0.05
43.65%
SG:OTX
Medinex Ltd.
0.23
0.03
16.75%
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: Aug 06, 2026