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Trek 2000 International Ltd
(SGX:5AB)
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Rating:64Neutral
Price Target:
S$0.26
▼(-6.43% Downside)
Action:Reiterated
Date:08/28/26
The score is driven primarily by mixed financial performance: a very strong, low-leverage balance sheet and improving revenue/profits are offset by negative TTM operating/free cash flow and weak operating profitability. Valuation is favorable (low P/E and some yield), but technical indicators show only tentative momentum with near-term price weakness versus the 20-day average.
Positive Factors
Revenue Rebound
The revenue rebound indicates renewed business activity and product demand, improving the company’s operating scale. Sustaining this recovery over the next several quarters would support fixed-cost absorption and provide a stronger base for restoring consistent profitability.
Negative Factors
Negative Cash Conversion
Negative operating and free cash flow weaken confidence in the sustainability of reported profits and may constrain investment or distributions. Persistent cash shortfalls would increase execution risk even with a strong balance sheet and could require working-capital or external funding support.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Rebound
The revenue rebound indicates renewed business activity and product demand, improving the company’s operating scale. Sustaining this recovery over the next several quarters would support fixed-cost absorption and provide a stronger base for restoring consistent profitability.
Read all positive factors
Trek 2000 International Ltd (5AB) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$88.03M
Dividend YieldN/A
Average Volume (3M)63.02K
Price to Earnings (P/E)8.7
Beta (1Y)-0.25
Revenue Growth124.58%
EPS Growth1505.56%
CountrySG
Employees44
SectorTechnology
Sector Strength88
IndustryCommunication Equipment
Share Statistics
EPS (TTM)0.02
Shares Outstanding331,116,900
10 Day Avg. Volume20,780
30 Day Avg. Volume63,016
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.76
Price to Sales (P/S)1.26
P/FCF Ratio3.46
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
Trek 2000 International Ltd Business Overview & Revenue Model
Company Description
Trek 2000 International Ltd, an investment holding company established in Singapore in 1999, delivers a comprehensive suite of interactive consumer, wireless, encryption, and enterprise solutions. The company operates through distinct segments: In...
How the Company Makes Money
Revenue would be generated primarily through the sale of the company’s products and related technology, typically via (i) product sales to consumers and/or channel partners (e.g., distributors and retailers), and (ii) licensing or commercializatio...
Trek 2000 International Ltd Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
86
Very Positive
Cash Flow
45
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 43.41M | 19.64M | 27.11M | 16.76M | 16.62M | 37.34M |
| Gross Profit | 5.52M | 2.38M | 1.04M | 1.52M | -2.39M | 1.89M |
| EBITDA | -1.35M | -3.58M | 438.80K | 3.03M | -12.98M | -753.32K |
| Net Income | 6.85M | 4.61M | 334.61K | 2.69M | -13.30M | -1.21M |
Balance Sheet | ||||||
| Total Assets | 47.36M | 41.94M | 32.94M | 34.91M | 30.98M | 45.38M |
| Cash, Cash Equivalents and Short-Term Investments | 32.01M | 33.74M | 22.37M | 28.80M | 19.75M | 34.65M |
| Total Debt | 72.00K | 135.80K | 183.00K | 259.06K | 203.80K | 223.66K |
| Total Liabilities | 11.73M | 8.60M | 3.30M | 5.62M | 4.02M | 6.66M |
| Stockholders Equity | 34.83M | 32.53M | 39.33M | 28.44M | 26.11M | 37.80M |
Cash Flow | ||||||
| Free Cash Flow | -4.35M | 7.16M | -9.77M | 2.87M | -8.52M | 377.18K |
| Operating Cash Flow | -3.91M | 7.64M | -7.03M | 3.11M | -8.50M | 552.86K |
| Investing Cash Flow | 6.32M | 4.45M | 12.84M | 4.84M | 4.89M | -1.66M |
| Financing Cash Flow | -709.36K | -714.36K | 68.63K | 138.72K | -210.02K | -425.73K |
Trek 2000 International Ltd Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | S$88.03M | 8.68 | 14.15% | ― | 124.58% | 1505.56% | |
64 Neutral | S$439.92M | 13.31 | 12.44% | 11.40% | -8.15% | -16.22% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
59 Neutral | S$55.61M | -73.89 | -13.97% | ― | -12.41% | 94.51% |
* Technology Sector Average
SG:5AB
Trek 2000 International Ltd
0.25
0.15
163.44%
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Trek 2000 International Ltd Corporate Events
Trek 2000 Wins US$350,000 AI-Powered Solar Project in Cambodia
Jun 23, 2026
Trek 2000 International’s subsidiary Trek Technology (Singapore) has secured a US$350,000 contract with long-time customer Our HS Convenience to deploy its AI Renewable Energy Solutions (AIRES) Eco-System at a solar farm in Cambodia. The pro...
Trek 2000 Says OSIM-Linked Legal Claims Will Not Proceed
May 28, 2026
Trek 2000 International Ltd has disclosed that a legal dispute initiated by lawyers for Mr. Ron Sim Chye Hock and OSIM International Pte Ltd against the company, its Executive Chairman Wayne Tan, and former Executive Chairman Henn Tan will not be ...
Trek 2000 Says Key Legal Claims Dropped, Urges Investor Caution
May 28, 2026
Trek 2000 International Ltd has announced that a legal dispute involving its Executive Chairman Wayne Tan, former Executive Chairman Henn Tan and claims brought by Ron Sim Chye Hock and OSIM International Pte Ltd has effectively been dropped. A le...
Trek 2000 gains Azure Capital as strategic shareholder, resolves legacy dispute
May 28, 2026
Trek 2000 International Ltd has secured Azure Capital as a new substantial shareholder after the Singapore fund manager acquired a 7.3% stake, joining existing strategic investors such as Kioxia, Creative Technology and CTI II. The investment is a...
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.