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Singapore Institute of Advanced Medicine Holdings Ltd. (9G2) AI Stock Analysis

SG:9G2

Singapore Institute of Advanced Medicine Holdings Ltd.

(SGX:9G2)

Select Model
Rating:42Neutral
Price Target:SGD 0.02â–¼(-17.39% Downside)
Action:reiterated
Date:10/14/26

The score is held down primarily by weak financial performance—deep losses, negative cash generation, and a material revenue decline—despite positive equity and some improvement in operating cash burn. Technicals are also soft with the stock trading below major moving averages and only neutral momentum signals. Valuation provides limited support because the company is loss-making (negative P/E) and no dividend yield is available.

Positive Factors
Strong Gross MarginA gross margin near 92% indicates attractive underlying economics in the company’s clinical service offering. If revenue stabilizes, this margin structure could provide meaningful operating leverage, allowing a greater share of incremental revenue to support overhead and move the business toward breakeven.
Negative Factors
Material Revenue DeclineA roughly 20% revenue contraction weakens operating leverage and makes fixed overhead harder to absorb. Because the company is already loss-making, further pressure on the revenue base could delay breakeven, reduce funding capacity, and undermine the durability of its specialist healthcare expansion.

Singapore Institute of Advanced Medicine Holdings Ltd. (9G2) vs. iShares MSCI Singapore ETF (EWS)

-50%0%50%100%150%200%SG:9G2-20.69%EWS+12.23%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
SGD 39.65M
Dividend Yield
―
Average Volume (3M)
902.04K
Price to Earnings (P/E)
-0.7
Beta (1Y)
-0.33
Revenue Growth
-1.27%
EPS Growth
16.67%
Country
Singapore
Employees
104
Sector
Healthcare
Sector Strength
51
Industry
Medical - Care Facilities

Singapore Institute of Advanced Medicine Holdings Ltd. Business Overview & Revenue Model

Company Description

Singapore Institute of Advanced Medicine Holdings Ltd. operates as a holding company primarily focused on delivering healthcare services. Its operations include providing pharmaceutical products, surgical supplies, and medical laboratory services. Th...

Singapore Institute of Advanced Medicine Holdings Ltd. Financial Statement Overview

Summary

Overall fundamentals are weak: the company is deeply unprofitable with severely negative net margins (about -152% in 2026) and a sharp revenue decline (~20% YoY in 2026). Cash flow remains negative with ongoing operating cash outflows and negative free cash flow, implying continued funding risk despite some narrowing of operating cash burn in 2026. The balance sheet is not distressed (positive equity) but remains moderately leveraged (debt-to-equity ~1.05–1.16) and returns on equity are strongly negative.

Income Statement

18Very Negative

Balance Sheet

34Negative

Cash Flow

22Negative
Financial statement breakdown
BreakdownTTMJun 2025Jun 2024Jun 2024Jun 2023Jun 2022
Income Statement
Total Revenue19.74M15.72M16.65M15.71M16.23M13.81M
Gross Profit-8.36M14.50M15.36M14.42M-2.60M-4.31M
EBITDA-12.37M-8.97M-13.42M-11.08M-10.60M-8.02M
Net Income-30.81M-23.90M-37.45M-26.16M-18.07M-12.43M
Balance Sheet
Total Assets122.30M132.10M138.76M124.71M159.52M174.36M
Cash, Cash Equivalents and Short-Term Investments2.48M15.18M3.16M2.84M11.05M15.84M
Total Debt58.62M61.28M46.10M58.21M80.77M87.30M
Total Liabilities78.02M79.18M57.01M69.07M114.60M120.31M
Stockholders Equity44.28M52.92M81.74M55.64M44.93M54.05M
Cash Flow
Free Cash Flow-5.61M-4.14M-14.80M-10.78M-19.89M-11.26M
Operating Cash Flow-5.00M-3.65M-14.26M-10.63M-5.45M-7.15M
Investing Cash Flow-166.41K-67.04K-263.72K113.13K-1.45M3.72M
Financing Cash Flow2.29M15.83M6.64M10.20M2.11M9.18M

Singapore Institute of Advanced Medicine Holdings Ltd. Technical Analysis

Technical Analysis SentimentNegative
Last Price0.02

Price Trends

50DMA0.03Negative
100DMA0.03Negative
200DMA0.04Negative

Market Momentum

MACD-0.00Positive
RSI1.28Positive
STOCH25.00Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:9G2, the sentiment is Negative. The current price of 0.02 is above the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.03, and below the 200-day MA of 0.04, indicating a bearish trend. The MACD of -0.00 indicates Positive momentum. The RSI at 1.28 is Positive, neither overbought nor oversold. The STOCH value of 25.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:9G2.

Singapore Institute of Advanced Medicine Holdings Ltd. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (51)

Financial Indicators

SG:9G2 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
SG:1B1SG:1B172OutperformSGD 52.29M8.0429.03%6.12%1.42%-17.12%
SG:BSLSG:BSL66NeutralSGD 1.55B22.406.42%3.66%-3.18%6.71%
Sector *51Neutral$7.86B-0.30-43.30%2.27%22.53%-2.21%
SG:A50SG:A5048NeutralSGD 1.27B-41.13-6.42%―6.44%38.89%
SG:9G2SG:9G242NeutralSGD 39.65M-0.72-73.80%―-1.27%16.67%

* Healthcare Sector Average

Performance Comparison

0%50%100%SG:9G2SG:BSLSG:A50SG:1B1SG:40TSG:5WADec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
SG:9G2 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
SG:9G2Singapore Institute of Advanced Medicine Holdings Ltd.0.02-0.01-28.13%
SG:BSLRaffles Medical Group 0.82-0.14-14.58%
SG:A50Thomson Medical Group Ltd.0.05-0.01-20.00%
SG:1B1HC Surgical Specialists Ltd0.340.037.94%
SG:40TISEC Healthcare Ltd0.31-0.02-6.91%
SG:5WAOUE Lippo Healthcare Limited0.050.0268.97%

Singapore Institute of Advanced Medicine Holdings Ltd. Corporate Events

Singapore Institute of Advanced Medicine revamps board, races to restore committee compliance

Sep 30, 2026

Singapore Institute of Advanced Medicine Holdings Ltd. has announced changes to its board and board committees, including the resignation of independent director Gurdip Singh, who also served as chairman of the Audit Committee and member of the Remun...

Singapore Institute of Advanced Medicine Details Use of S$14.94 Million Rights Issue Proceeds

Sep 29, 2026

Singapore Institute of Advanced Medicine Holdings Ltd. has detailed how it is deploying net proceeds of about S$14.94 million raised from a renounceable non-underwritten rights cum warrants issue. The capital is being channelled primarily into genera...

Singapore Institute of Advanced Medicine Details Use of S$14.9m Rights Issue Proceeds

Aug 6, 2026

Singapore Institute of Advanced Medicine Holdings Ltd. has provided an update on the deployment of approximately S$14.94 million in net proceeds from its renounceable non-underwritten rights cum warrants issue. The company reports that about S$7.13 m...

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: Oct 14, 2026