TipRanks
Go Ultimate55% OFF

TrickleStar Ltd. (CYW) AI Stock Analysis

SG:CYW

TrickleStar Ltd.

(SGX:CYW)

Select Model
Rating:47Neutral
Price Target:SGD 0.08â–¼(-1.25% Downside)
Action:reiterated
Date:10/03/26

The overall score of 47.0 is driven mainly by solid balance-sheet strength offset by weak profitability and cash generation, while technical indicators show an upward price trend but only mixed momentum, and valuation offers limited support given negative earnings and no dividend.

Positive Factors
Revenue reboundThe strong TTM revenue rebound indicates that the company can regain demand and scale its top line over time. If this growth persists, it could broaden the revenue base, improve operating leverage, and create a foundation for rebuilding profitability.
Negative Factors
Margin deteriorationThe sharp gross-margin decline shows that revenue growth is not currently translating efficiently into profit. Persistently lower margins would weaken operating leverage, reduce the earnings benefit of additional sales, and make a durable return to profitability more difficult.

TrickleStar Ltd. (CYW) vs. iShares MSCI Singapore ETF (EWS)

-50%0%50%100%150%200%250%300%350%SG:CYW+166.67%EWS+12.23%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
SGD 19.03M
Dividend Yield
―
Average Volume (3M)
619.74K
Price to Earnings (P/E)
-7.8
Beta (1Y)
2.53
Revenue Growth
-58.91%
EPS Growth
-134.48%
Country
Singapore
Employees
11
Sector
Technology
Sector Strength
61
Industry
Electrical Equipment & Parts

TrickleStar Ltd. Business Overview & Revenue Model

Company Description

TrickleStar Limited, founded in 2007 and based in Kuala Lumpur, Malaysia, specializes in developing and supplying innovative energy optimization solutions. These products empower consumers in the United States and Canada to significantly reduce their...

TrickleStar Ltd. Financial Statement Overview

Summary

A strong, low-leverage balance sheet with rising equity provides resilience, but persistent net losses and negative operating and free cash flows keep overall financial quality weak and volatile.

Income Statement

32Negative

Balance Sheet

70Positive

Cash Flow

30Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue6.77M5.81M11.48M10.29M13.82M11.29M
Gross Profit1.68M2.01M2.14M2.39M3.50M1.80M
EBITDA-1.20M-52.02K-561.50K-149.79K-34.70K-1.62M
Net Income-1.33M-155.48K-665.21K-282.16K164.30K-2.39M
Balance Sheet
Total Assets7.22M6.12M7.14M8.58M8.82M9.11M
Cash, Cash Equivalents and Short-Term Investments3.40M1.48M1.24M3.28M2.74M3.13M
Total Debt74.22K104.71K82.40K138.12K193.30K557.17K
Total Liabilities967.88K956.98K2.58M3.45M3.50M4.04M
Stockholders Equity6.26M5.16M4.56M5.12M5.32M5.06M
Cash Flow
Free Cash Flow-902.98K-345.16K-1.99M590.76K213.28K-408.23K
Operating Cash Flow-874.50K-325.92K-1.92M677.54K364.36K550.21K
Investing Cash Flow-27.59K-19.24K-68.35K-80.76K-147.72K-957.84K
Financing Cash Flow2.06M558.37K-61.35K-63.11K701.00K-1.57M

TrickleStar Ltd. Technical Analysis

Technical Analysis SentimentNegative
Last Price0.08

Price Trends

50DMA0.08Negative
100DMA0.09Negative
200DMA0.07Positive

Market Momentum

MACD-0.00Positive
RSI46.60Neutral
STOCH43.33Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:CYW, the sentiment is Negative. The current price of 0.08 is below the 20-day moving average (MA) of 0.08, below the 50-day MA of 0.08, and above the 200-day MA of 0.07, indicating a neutral trend. The MACD of -0.00 indicates Positive momentum. The RSI at 46.60 is Neutral, neither overbought nor oversold. The STOCH value of 43.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:CYW.

TrickleStar Ltd. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

SG:CYW against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
SG:BN2SG:BN271OutperformSGD 408.16M19.928.07%6.53%-7.63%-33.33%
SG:8AZSG:8AZ62NeutralSGD 293.28M8.8012.44%30.26%-8.15%-16.22%
Sector *61Neutral$37.18B12.37-10.20%1.83%8.50%-7.62%
SG:5ABSG:5AB47NeutralSGD 57.83M6.3520.35%2.78%124.58%1505.56%
SG:CYWSG:CYW47NeutralSGD 19.03M-7.83-23.29%―-58.91%-134.48%

* Technology Sector Average

Performance Comparison

0%100%200%300%SG:CYWSG:BN2SG:5ABSG:8AZSG:BDRSG:S69Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
SG:CYW and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
SG:CYWTrickleStar Ltd.0.080.05158.06%
SG:BN2Valuetronics Holdings 0.940.1315.81%
SG:5ABTrek 2000 International Ltd0.180.0762.16%
SG:8AZAztech Global Ltd.0.38-0.21-35.81%
SG:BDRWillas-Array Electronics (Holdings) Limited0.40-0.64-61.54%
SG:S69Serial System Ltd0.05-0.03-32.91%

TrickleStar Ltd. Corporate Events

TrickleStar Announces Change of Company Secretaries in Singapore

Sep 30, 2026

TrickleStar Limited, a Singapore-incorporated listed company, maintains a governance framework that relies on appointed company secretaries to manage corporate compliance and regulatory filings. Its engagement of PrimePartners Corporate Finance Pte....

TrickleStar Reshapes Board After Independent Director Resignation

Sep 8, 2026

TrickleStar Limited is a Singapore-incorporated company listed on the Catalist board, operating through a group structure with an Executive Chairman and Group CEO leading a Board of non-executive directors. Its governance relies on Audit, Nominating,...

TrickleStar Reshapes Board Committees After Lead Independent Director Resigns

Sep 3, 2026

TrickleStar Limited has announced the resignation of its Lead Independent Director, Jeremy John Figgins, effective 11 September 2026. His departure triggers immediate changes to his roles as chairman of the Audit Committee and member of the Nominatin...

TrickleStar reshapes board committees with new remuneration appointment

Aug 6, 2026

TrickleStar Limited has reshuffled its board committees, appointing non-executive non-independent director Chua Hoi Tek to the remuneration committee with effect from 6 August 2026, replacing executive chairman and group CEO Tan Ong Huat. The company...

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 03, 2026