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A-Smart Holdings Ltd.
(SGX:BQC)
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Rating:45Neutral
Price Target:
S$0.09
▼(-3.33% Downside)
Action:Reiterated
Date:10/02/26
The score is held back primarily by weak financial quality—especially ongoing cash burn and higher leverage in 2026—despite strong revenue growth. Technicals also point to a weak price trend with negative momentum, and valuation is difficult to support with a negative P/E and no dividend yield data.
Positive Factors
Strong Revenue Growth
The sharp 2026 revenue increase indicates stronger business activity and expanding topline scale. If the company can sustain this growth while improving cash conversion and profitability, greater operating scale could support a more durable earnings base over the next several quarters.
Negative Factors
Persistent Cash Burn
Repeatedly negative operating cash flow shows that reported business activity has not translated into internally generated liquidity. Continued cash burn can force reliance on external funding or balance-sheet capacity, limiting financial flexibility and making growth more difficult to sustain.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
The sharp 2026 revenue increase indicates stronger business activity and expanding topline scale. If the company can sustain this growth while improving cash conversion and profitability, greater operating scale could support a more durable earnings base over the next several quarters.
Read all positive factors
A-Smart Holdings Ltd. (BQC) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$23.88M
Dividend YieldN/A
Average Volume (3M)8.27K
Price to Earnings (P/E)―
Beta (1Y)0.83
Revenue Growth35.93%
EPS GrowthN/A
CountrySG
Employees57
SectorIndustrials
Sector Strength72
IndustrySpecialty Business Services
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding268,312,260
10 Day Avg. Volume12,320
30 Day Avg. Volume8,270
Financial Highlights & Ratios
PEG Ratio-1.00
Price to Book (P/B)0.92
Price to Sales (P/S)2.47
P/FCF Ratio-3.93
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...
A-Smart Holdings Ltd. Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
63
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Jul 2026 | Jul 2025 | Jul 2024 | Jul 2023 | Jul 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.71M | 9.55M | 7.03M | 7.45M | 6.34M | 6.14M |
| Gross Profit | 3.54M | 1.11M | 3.72M | 3.80M | 3.76M | 3.11M |
| EBITDA | -518.00K | 1.18M | -596.00K | -64.00K | 929.00K | -382.00K |
| Net Income | -1.07M | 236.00K | -1.27M | -927.00K | 113.00K | -1.10M |
Balance Sheet | ||||||
| Total Assets | 38.87M | 56.82M | 38.90M | 36.66M | 28.21M | 19.80M |
| Cash, Cash Equivalents and Short-Term Investments | 1.76M | 10.79M | 3.67M | 6.56M | 7.10M | 6.05M |
| Total Debt | 6.93M | 17.90M | 7.22M | 7.68M | 6.86M | 2.98M |
| Total Liabilities | 13.88M | 30.93M | 13.10M | 8.89M | 8.11M | 4.78M |
| Stockholders Equity | 24.92M | 25.69M | 25.71M | 27.66M | 19.96M | 14.87M |
Cash Flow | ||||||
| Free Cash Flow | -2.06M | -6.00M | -2.55M | -8.43M | -3.56M | -730.00K |
| Operating Cash Flow | -2.04M | -5.92M | -2.48M | -8.38M | -3.34M | -688.00K |
| Investing Cash Flow | -27.00K | -87.00K | -57.00K | -6.00K | -121.00K | -30.00K |
| Financing Cash Flow | -190.00K | 13.87M | -1.00M | 7.88M | 4.52M | -806.00K |
A-Smart Holdings Ltd. Technical Analysis
Negative
0.09
Price Trends
0.09
Negative
0.10
Negative
0.11
Negative
Market Momentum
>-0.01
Positive
41.12
Neutral
4.35
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 below the 20-day moving average (MA) of 0.10, below the 50-day MA of 0.09, and below the 200-day MA of 0.11, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 41.12 is Neutral, neither overbought nor oversold. The STOCH value of 4.35 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
-0.02
-14.42%
SG:43B
Secura Group Ltd.
0.06
>-0.01
-12.50%
SG:5NV
Chasen Holdings Limited
0.09
<0.01
3.33%
SG:5WF
ISOTeam Ltd
0.06
-0.02
-25.00%
SG:L23
Enviro-Hub Holdings Ltd.
0.02
-0.01
-40.00%
SG:NEX
Reclaims Global Limited
0.20
>-0.01
-1.96%
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...
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.