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V2Y Corporation Ltd.
(SGX:V2Y)
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Rating:44Neutral
Price Target:
S$0.01
▲(10.00% Upside)
Action:Reiterated
Date:09/24/26
The score is driven primarily by very weak financial performance—ongoing losses, sustained cash burn, and negative equity with rising debt—creating elevated solvency and funding risk. Technical signals are neutral-to-weak (price near moving averages, flat/slightly negative MACD, very low stochastic), while valuation is constrained by negative earnings and no dividend yield data.
Positive Factors
Revenue Rebound
The sharp TTM revenue rebound indicates that the company has regained some commercial activity and may be reaching more customers or securing additional business. If sustained, this top-line expansion could provide a base for operating leverage, although profitability has not yet followed.
Negative Factors
Persistent Large Losses
Persistent and substantial losses show that the current business model has not established a sustainable cost structure. Even with strong revenue growth, continued deficits can consume capital, restrict reinvestment, and make future profitability dependent on a significant improvement in margins or expenses.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Rebound
The sharp TTM revenue rebound indicates that the company has regained some commercial activity and may be reaching more customers or securing additional business. If sustained, this top-line expansion could provide a base for operating leverage, although profitability has not yet followed.
Read all positive factors
V2Y Corporation Ltd. (V2Y) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$3.71M
Dividend Yield108.21%
Average Volume (3M)305.10K
Price to Earnings (P/E)―
Beta (1Y)0.98
Revenue Growth-82.62%
EPS Growth-71.05%
CountrySG
Employees4
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding530,480,500
10 Day Avg. Volume305,100
30 Day Avg. Volume305,100
Financial Highlights & Ratios
PEG Ratio-0.05
Price to Book (P/B)-1.50
Price to Sales (P/S)503.75
P/FCF Ratio-3.74
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
V2Y Corporation Ltd. Business Overview & Revenue Model
Company Description
Oceanscape International Limited, together with its subsidiaries, engages in the commodities trading and renewable energy business in Singapore. It operates through Commodities Trading and Renewable Energy segments. The company offers trade of met...
V2Y Corporation Ltd. Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
8
Very Negative
Cash Flow
10
Very Negative
| Breakdown | TTM | Dec 2025 | Mar 2025 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 240.00K | 7.00K | 911.00K | 215.00K | 304.00K | 1.09M |
| Gross Profit | 8.00K | -66.00K | 99.00K | 95.00K | 109.00K | 404.00K |
| EBITDA | -3.55M | -2.60M | -1.37M | -909.00K | -2.00M | -1.41M |
| Net Income | -3.47M | -2.34M | -1.63M | -921.00K | -2.19M | -1.79M |
Balance Sheet | ||||||
| Total Assets | 5.87M | 453.00K | 2.89M | 923.00K | 1.90M | 2.95M |
| Cash, Cash Equivalents and Short-Term Investments | 2.86M | 203.00K | 134.00K | 664.00K | 1.62M | 1.62M |
| Total Debt | 5.73M | 1.12M | 1.83M | 263.00K | 431.00K | 483.00K |
| Total Liabilities | 9.87M | 2.80M | 3.30M | 1.06M | 1.12M | 1.89M |
| Stockholders Equity | -4.00M | -2.35M | -446.00K | -137.00K | 784.00K | 1.06M |
Cash Flow | ||||||
| Free Cash Flow | -2.55M | -943.00K | -1.89M | -825.00K | -1.77M | -769.00K |
| Operating Cash Flow | -2.53M | -926.00K | -1.19M | -825.00K | -1.77M | -765.00K |
| Investing Cash Flow | -36.00K | -264.00K | -705.00K | 4.00K | 0.00 | -4.00K |
| Financing Cash Flow | 4.37M | 1.26M | 1.36M | -138.00K | 1.76M | 395.00K |
V2Y Corporation Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
44 Neutral | S$3.71M | -1.23 | 135.92% | 108.21% | -82.62% | -71.05% | |
44 Neutral | S$4.88M | -1.53 | -12.90% | ― | -11.22% | -100.88% | |
40 Underperform | S$16.88M | -0.91 | -1026.01% | 159.44% | 2810.24% | -8.42% |
* Industrials Sector Average
SG:V2Y
V2Y Corporation Ltd.
0.01
0.00
0.00%
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V2Y Corporation Ltd. Corporate Events
OceanScape Settles Director Fee Dispute as Legal Actions Continue Against Ex-Board Members
Sep 15, 2026
OceanScape International Limited has resolved a legal dispute with former director Yip Mun Foong, reaching an amicable settlement over its claim against him and his counterclaim for outstanding director’s fees. Both parties filed notices of ...
OceanScape Ends Major Iron Ore Supply Deal Amid Market Shifts
Aug 21, 2026
OceanScape International Limited has mutually agreed with Eldon Development Ltd to terminate a previously approved 12‑month contract that would have allowed its subsidiary to supply up to 1.2 million metric tonnes of 50%–54% grade iron...
OceanScape Explores 300MW Off-Grid Solar Project for Kelantan Mining Hub
Jun 30, 2026
OceanScape International Limited is a Singapore-based energy infrastructure company, working through its wholly owned unit SeaScape Energy (Malaysia) Sdn. Bhd. The Group is moving into utility-scale off-grid solar and storage projects tailored to ...
OceanScape Signs Conditional Off-Grid Solar PPA With Malaysian Manganese Miner
Jun 27, 2026
OceanScape International Limited, formerly V2Y Corporation Ltd, is a Singapore-based group that is building a portfolio of renewable energy infrastructure projects in the region. Through its Malaysian subsidiary SeaScape Energy, the company provid...
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.