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A-Smart Holdings Ltd.
(SGX:BQC)
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Rating:44Neutral
Price Target:
S$0.09
▼(-5.56% Downside)
Action:Reiterated
Date:08/06/26
Overall score reflects weak financial performance (declining growth, losses, and negative cash flow) and bearish technical signals (price below key moving averages with negative MACD). Valuation offers limited support due to negative earnings (negative P/E) and no available dividend yield.
Positive Factors
Moderate leverage and stable equity ratio
A moderate debt-to-equity ratio and a stable equity ratio provide durable financial flexibility despite operating losses. This balance sheet stability reduces refinancing and covenant risk, enabling management to pursue restructuring or targeted investments over the next several quarters.
Negative Factors
Declining revenue
A double-digit revenue decline undermines scale and market traction. Persistent top-line contraction makes it harder to cover fixed costs, erodes bargaining power with suppliers and customers, and lengthens the recovery period needed to regain sustainable profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Moderate leverage and stable equity ratio
A moderate debt-to-equity ratio and a stable equity ratio provide durable financial flexibility despite operating losses. This balance sheet stability reduces refinancing and covenant risk, enabling management to pursue restructuring or targeted investments over the next several quarters.
Read all positive factors
A-Smart Holdings Ltd. (BQC) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$24.15M
Dividend YieldN/A
Average Volume (3M)7.58K
Price to Earnings (P/E)―
Beta (1Y)0.95
Revenue Growth-14.09%
EPS Growth-73.91%
CountrySG
Employees57
SectorIndustrials
Sector Strength72
IndustrySpecialty Business Services
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding268,312,260
10 Day Avg. Volume6,050
30 Day Avg. Volume7,583
Financial Highlights & Ratios
PEG Ratio-1.52
Price to Book (P/B)0.89
Price to Sales (P/S)3.25
P/FCF Ratio-8.93
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
A-Smart Holdings Ltd. Business Overview & Revenue Model
Company Description
A-Smart Holdings Ltd. functions as an investment holding company, offering a wide array of print management solutions to clients both within Singapore and across international markets. The company structures its diverse operations across several d...
How the Company Makes Money
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A-Smart Holdings Ltd. Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
55
Neutral
Cash Flow
40
Negative
| Breakdown | TTM | Jul 2025 | Jul 2024 | Jul 2023 | Jul 2022 | Jul 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.71M | 7.03M | 7.45M | 6.34M | 6.14M | 5.89M |
| Gross Profit | 3.54M | 3.72M | 3.80M | 3.76M | 3.11M | 3.23M |
| EBITDA | -518.00K | -596.00K | -64.00K | 929.00K | -382.00K | 128.00K |
| Net Income | -1.07M | -1.27M | -927.00K | 113.00K | -1.10M | -701.00K |
Balance Sheet | ||||||
| Total Assets | 38.87M | 38.90M | 36.66M | 28.21M | 19.80M | 21.11M |
| Cash, Cash Equivalents and Short-Term Investments | 1.76M | 3.67M | 6.56M | 7.10M | 6.05M | 7.55M |
| Total Debt | 6.93M | 7.22M | 7.68M | 6.86M | 2.98M | 3.71M |
| Total Liabilities | 13.88M | 13.10M | 8.89M | 8.11M | 4.78M | 5.08M |
| Stockholders Equity | 24.92M | 25.71M | 27.66M | 19.96M | 14.87M | 15.84M |
Cash Flow | ||||||
| Free Cash Flow | -2.06M | -2.55M | -8.43M | -3.56M | -730.00K | -737.00K |
| Operating Cash Flow | -2.04M | -2.48M | -8.38M | -3.34M | -688.00K | -541.00K |
| Investing Cash Flow | -27.00K | -57.00K | -6.00K | -121.00K | -30.00K | -96.00K |
| Financing Cash Flow | -190.00K | -1.00M | 7.88M | 4.52M | -806.00K | -731.00K |
A-Smart Holdings Ltd. Technical Analysis
Negative
0.09
Price Trends
0.09
Negative
0.10
Negative
0.11
Negative
Market Momentum
>-0.01
Negative
46.72
Neutral
<0.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:BQC, the sentiment is Negative. The current price of 0.09 is above the 20-day moving average (MA) of 0.09, below the 50-day MA of 0.09, and below the 200-day MA of 0.11, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 46.72 is Neutral, neither overbought nor oversold. The STOCH value of <0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:BQC.
A-Smart Holdings Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
SG:BQC
A-Smart Holdings Ltd.
0.09
<0.01
11.11%
SG:43B
Secura Group Ltd.
0.07
>-0.01
-8.45%
SG:5NV
Chasen Holdings Limited
0.11
0.04
55.71%
SG:5WF
ISOTeam Ltd
0.06
-0.02
-28.09%
SG:L23
Enviro-Hub Holdings Ltd.
0.02
-0.01
-36.67%
SG:NEX
Reclaims Global Limited
0.21
0.02
9.04%
A-Smart Holdings Ltd. Corporate Events
A-Smart Sets Off Shareholder Loan Against Rights Issue Subscriptions, Targets S$13.1m Net Proceeds
Aug 5, 2026
A-Smart Holdings Ltd. has updated investors on financing arrangements linked to its proposed renounceable non-underwritten rights issue, including an additional unsecured shareholder loan of S$7.84 million from MWD at 3% interest. This brings tota...
A-Smart Seeks Whitewash Waiver and Updates Rights Issue Proceeds
Jun 29, 2026
A-Smart Holdings has applied to the Securities Industry Council for a whitewash waiver in connection with its proposed renounceable, non-underwritten rights issue, a step that will determine whether controlling shareholders can increase their stak...
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.