Want to see SG:TVV full AI Analyst Report?
Top Page
OxPay Financial Limited
(SGX:TVV)
Select Model
Select Model
Rating:42Neutral
Price Target:
S$0.03
▼(-48.00% Downside)
Action:Reiterated
Date:06/09/26
The score is held down primarily by weak financial fundamentals—large ongoing losses, persistent cash burn, and a deteriorated balance sheet with negative equity. Technicals also remain unfavorable with the stock trading below major moving averages and negative MACD. Valuation provides limited support because a negative P/E reflects losses and no dividend yield is available.
Positive Factors
Revenue rebound
The 2025 revenue rebound indicates renewed business activity and customer demand after weaker performance. If sustained, stronger top-line momentum can improve operating leverage, support investment in the platform, and provide a foundation for eventual profitability.
Negative Factors
Negative shareholders’ equity
Negative shareholders’ equity indicates that accumulated losses have materially weakened the capital base. This reduces financial flexibility, makes leverage metrics less favorable, and can increase dependence on new funding to support ongoing operations.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue rebound
The 2025 revenue rebound indicates renewed business activity and customer demand after weaker performance. If sustained, stronger top-line momentum can improve operating leverage, support investment in the platform, and provide a foundation for eventual profitability.
Read all positive factors
OxPay Financial Limited (TVV) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$9.24M
Dividend YieldN/A
Average Volume (3M)44.06K
Price to Earnings (P/E)―
Beta (1Y)0.31
Revenue GrowthN/A
EPS GrowthN/A
CountrySG
Employees37
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding342,094,150
10 Day Avg. Volume35,400
30 Day Avg. Volume44,063
Financial Highlights & Ratios
PEG Ratio0.49
Price to Book (P/B)-11.91
Price to Sales (P/S)3.22
P/FCF Ratio-4.76
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
OxPay Financial Limited Business Overview & Revenue Model
Company Description
OxPay Financial Limited, a Singapore-based company founded in 2005, specializes in providing comprehensive merchant payment and digital commerce enablement solutions across Singapore, Malaysia, and Thailand. The company delivers versatile online-t...
OxPay Financial Limited Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
22
Negative
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.41M | 4.84M | 3.63M | 8.32M | 9.87M | 17.54M |
| Gross Profit | 2.12M | 2.10M | 2.32M | 2.45M | 2.56M | 10.26M |
| EBITDA | -2.64M | -2.69M | -3.03M | -1.19M | -179.00K | -26.63M |
| Net Income | -3.03M | -2.93M | -3.24M | -1.36M | -473.00K | -27.06M |
Balance Sheet | ||||||
| Total Assets | 5.11M | 3.93M | 6.07M | 16.74M | 26.13M | 30.50M |
| Cash, Cash Equivalents and Short-Term Investments | 2.95M | 2.13M | 4.16M | 9.40M | 22.11M | 26.45M |
| Total Debt | 2.88M | 2.23M | 1.20M | 823.00K | 28.00K | 24.00K |
| Total Liabilities | 7.47M | 5.78M | 5.27M | 12.62M | 20.64M | 25.07M |
| Stockholders Equity | -1.76M | -1.31M | 1.26M | 4.53M | 5.83M | 5.89M |
Cash Flow | ||||||
| Free Cash Flow | -2.92M | -3.27M | -5.35M | -13.58M | -4.12M | 19.98M |
| Operating Cash Flow | -2.82M | -3.15M | -5.21M | -13.51M | -3.90M | 20.06M |
| Investing Cash Flow | 585.04K | -136.00K | -141.00K | -71.00K | -198.00K | 1.17M |
| Financing Cash Flow | 101.05K | 1.28M | 126.00K | 765.00K | -190.00K | 1.83M |
OxPay Financial Limited Technical Analysis
Negative
0.05
Price Trends
0.03
Negative
0.04
Negative
0.04
Negative
Market Momentum
>-0.01
Negative
42.05
Neutral
50.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:TVV, the sentiment is Negative. The current price of 0.05 is above the 20-day moving average (MA) of 0.03, above the 50-day MA of 0.03, and above the 200-day MA of 0.04, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 42.05 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:TVV.
OxPay Financial Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | S$230.91M | 11.81 | 46.38% | 4.06% | 37.21% | 80.71% | |
70 Outperform | S$297.00M | 9.68 | 84.24% | 9.29% | -5.54% | -22.51% | |
62 Neutral | S$2.73B | 23.08 | 28.49% | 1.16% | 39.83% | 48.86% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
58 Neutral | S$45.83M | 59.78 | 0.79% | 21.82% | 23.86% | 48.72% | |
42 Neutral | S$9.24M | -2.81 | 214.12% | ― | ― | ― |
* Technology Sector Average
SG:TVV
OxPay Financial Limited
0.03
-0.03
-50.91%
SG:AIY
iFAST Corporation Ltd
8.90
0.27
3.12%
SG:BBW
Azeus Systems Holdings Ltd.
9.90
-4.60
-31.72%
SG:BCY
Powermatic Data Systems Ltd.
3.05
0.63
26.24%
SG:BIX
Ellipsiz Ltd
0.28
0.02
5.77%
SG:ITS
Info-Tech Systems Ltd
0.90
>-0.01
-0.56%
OxPay Financial Limited Corporate Events
OxPay overhauls board committees to boost governance
Aug 3, 2026
OxPay Financial Limited has reconstituted its board committees following the recent appointments of Francis Lee Fook Wah and Tan Suan Tiu Bryan as non-executive independent directors. The changes, effective 4 August 2026, are aimed at strengthenin...
OxPay Fully Deploys Share Subscription Proceeds Into Working Capital
Jul 3, 2026
OxPay Financial Limited has fully utilised the approximately S$963,000 in net proceeds raised from a recent subscription of 30,841,000 new ordinary shares, after deducting costs and expenses of about S$34,000. The funds were earmarked as general w...
OxPay switches to market cap yardstick as NTA turns negative
Jun 24, 2026
OxPay Financial Limited has shifted to using market capitalisation as the benchmark for calculating materiality thresholds for interested person transactions, after its latest audited net tangible assets as at 31 December 2025 turned negative at 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.