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Advanced Systems Automation Limited
(SGX:WJ9)
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Rating:44Neutral
Price Target:
S$0.01
▲(0.00% Upside)
Action:N/A
Date:09/24/26
The score is primarily driven by weak financial performance, including severe margin compression, very large losses, negative equity, and a return to negative operating/free cash flow in 2025. Technical analysis is neutral due to missing indicators, and valuation is constrained by a negative P/E (loss-making) with no dividend yield data to offset risk.
Positive Factors
Revenue Base Resilience
The company retains a meaningful revenue base despite the 2025 decline, indicating that its business still generates substantial customer demand. This scale provides an operating platform that management could use to stabilize performance if pricing, production costs, and profitability improve.
Negative Factors
Severe Profitability Deterioration
The sharp gross-margin compression and deeply negative operating and net margins indicate that the current business model is not covering its cost structure. Unless pricing, production costs, or operating expenses improve materially, sustained losses will continue to erode capital and restrict strategic flexibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Base Resilience
The company retains a meaningful revenue base despite the 2025 decline, indicating that its business still generates substantial customer demand. This scale provides an operating platform that management could use to stabilize performance if pricing, production costs, and profitability improve.
Read all positive factors
Advanced Systems Automation Limited (WJ9) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$5.14M
Dividend YieldN/A
Average Volume (3M)9.28M
Price to Earnings (P/E)―
Beta (1Y)1.45
Revenue Growth-5.83%
EPS Growth12.96%
CountrySG
Employees100
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding1,714,649,400
10 Day Avg. Volume4,507,540
30 Day Avg. Volume9,282,665
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)-0.74
Price to Sales (P/S)0.60
P/FCF Ratio-6.46
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
Advanced Systems Automation Limited Business Overview & Revenue Model
Company Description
Established in Singapore in 1978, Advanced Systems Automation Limited focuses on precision engineering and component fabrication for both semiconductor and non-semiconductor industries. Its operations span Asia, the United States, and other intern...
Advanced Systems Automation Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
20
Very Negative
Cash Flow
28
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 12.93M | 16.29M | 17.62M | 12.93M | 15.04M | 18.99M |
| Gross Profit | 3.96M | 2.77M | 4.88M | 3.96M | 4.79M | 5.70M |
| EBITDA | -2.02M | -1.66M | -3.95M | -2.02M | 1.94M | 950.00K |
| Net Income | -4.25M | -15.39M | -6.09M | -4.25M | 23.00K | -244.00K |
Balance Sheet | ||||||
| Total Assets | 16.61M | 14.54M | 30.11M | 16.61M | 17.68M | 19.51M |
| Cash, Cash Equivalents and Short-Term Investments | 4.25M | 2.19M | 4.73M | 4.25M | 4.43M | 3.15M |
| Total Debt | 9.04M | 5.32M | 2.78M | 9.04M | 5.22M | 4.35M |
| Total Liabilities | 24.09M | 29.22M | 30.12M | 24.09M | 20.41M | 21.74M |
| Stockholders Equity | -7.48M | -13.22M | 771.00K | -7.48M | -2.73M | -2.23M |
Cash Flow | ||||||
| Free Cash Flow | -149.00K | -1.52M | -2.91M | -149.00K | 1.47M | -968.00K |
| Operating Cash Flow | 582.00K | -331.00K | -2.13M | 582.00K | 1.99M | 445.00K |
| Investing Cash Flow | -693.00K | -1.55M | -783.00K | -693.00K | -302.00K | -1.28M |
| Financing Cash Flow | -264.00K | -709.00K | 3.58M | -264.00K | -578.00K | 863.00K |
Advanced Systems Automation Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | S$2.44B | 44.26 | 12.58% | 1.59% | 9.88% | 33.33% | |
63 Neutral | S$1.25B | 29.96 | 7.99% | 1.02% | 1.00% | -1.32% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
57 Neutral | S$3.25B | 73.52 | 8.82% | 0.35% | 14.91% | 226.44% | |
44 Neutral | S$5.14M | -0.32 | 247.16% | ― | -5.83% | 12.96% |
* Technology Sector Average
SG:WJ9
Advanced Systems Automation Limited
―
―
―
SG:558
UMS Integration
2.89
1.73
149.14%
SG:575
ASTI Holdings Limited
0.11
0.10
700.00%
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414.03%
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Frencken Group Limited
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Manufacturing Integration Technology Ltd.
0.03
<0.01
52.94%
Advanced Systems Automation Limited Corporate Events
Advanced Systems Automation Updates Zico Capital Legal Dispute, Stresses Going-Concern Status
Sep 16, 2026
Advanced Systems Automation Limited has provided a further update on its legal dispute with Zico Capital, following earlier announcements on a statutory demand for allegedly unpaid fees under engagement agreements. The company has filed an origina...
Advanced Systems Automation Shareholders Approve AGM Resolutions and Board Changes
Sep 11, 2026
Advanced Systems Automation Limited reported the results of its annual general meeting held on 11 September 2026 in Singapore, where shareholders voted by poll on key ordinary and special business resolutions. The company’s audited financial...
Advanced Systems Automation Withdraws Director Re-Election Resolution Ahead of AGM
Sep 10, 2026
Advanced Systems Automation Limited has withdrawn Resolution No. 3 from its upcoming annual general meeting, originally scheduled to address the re-election of director Lim Chen Chong. The resolution was deemed no longer applicable after Lim notif...
Advanced Systems Automation Sets Interim Governance Measures Amid Committee Shortfall
Sep 10, 2026
Advanced Systems Automation Limited has announced that the retirement of Non-Independent and Non-Executive Director Lim Chen Chong at its 11 September 2026 AGM will leave its Audit and Remuneration Committees temporarily below the minimum composit...
Advanced Systems Automation Corrects Governance Details in 2025 Annual Report
Sep 10, 2026
Advanced Systems Automation Limited has issued a corrigendum to its Annual Report 2025 after identifying typographical and clerical errors in the versions released on SGXNet in late August 2026. The corrections primarily affect the listing of its ...
Advanced Systems Automation Presses On With Restructuring After Injunction Bid Fails
Sep 8, 2026
Advanced Systems Automation has provided an update on its legal dispute with Zico Capital, after the Singapore High Court dismissed the company’s application for an interim injunction to prevent potential winding-up proceedings over an alleg...
Advanced Systems Automation Flags Significant Control Gaps in FY2025 Review
Sep 2, 2026
Advanced Systems Automation Limited has completed an FY2025 internal controls review led by Acclime Risk Advisory, revealing 25 deficiencies across governance, procurement, treasury, IT general controls, interested person transactions and sustaina...
Advanced Systems Automation Completes First Settlement Instalment to ASTI
Aug 29, 2026
Advanced Systems Automation has completed the first instalment payment to ASTI Holdings as part of previously agreed settlement arrangements over outstanding payables. The payment covers the company’s obligations to ASTI for the financial ye...
Advanced Systems Automation Faces Audit Disclaimer on FY2025 Accounts
Aug 25, 2026
Advanced Systems Automation has disclosed that its independent auditor, CLA Global TS Public Accounting Corporation, issued a disclaimer of opinion on the Group’s FY2025 audited financial statements. The disclaimer stems from insufficient su...
Advanced Systems Automation’s Auditor to Retire as Company Seeks Replacement
Aug 25, 2026
Advanced Systems Automation Limited has announced that its current external auditor, CLA Global TS Public Accounting Corporation, will not seek re‑appointment at the annual general meeting for the financial year ended 31 December 2025 and wi...
Advanced Systems Automation Further Extends Deadline for Major Debt-to-Equity Swap
Aug 18, 2026
Advanced Systems Automation Limited has entered into a third supplemental letter with Advance Opportunities Fund I to amend the terms of its proposed debt-to-equity swap involving the issuance of 555,555,555 new ordinary shares at S$0.0036 each. U...
Advanced Systems Automation Updates Investors on Legal Dispute With Zico Capital
Jul 23, 2026
Advanced Systems Automation Limited, incorporated in Singapore in 1986 and listed on the local exchange, operates through a group of subsidiaries and is subject to sponsor oversight under Singapore’s regulatory framework.The company has upda...
Advanced Systems Automation Sues Adviser Zico Capital Over Disputed Fees
Jul 22, 2026
Advanced Systems Automation Limited has initiated legal proceedings in the Singapore High Court against its former financial adviser and continuing sponsor, Zico Capital Pte. Ltd., following a statutory demand for professional fees linked to the L...
Advanced Systems Automation Disputes Statutory Demand Threatening Winding-Up Action
Jul 2, 2026
Advanced Systems Automation has disclosed that it received a statutory demand from Zico Capital’s lawyers on 1 July 2026, seeking S$643,534.82 for alleged unpaid invoices tied to continuing sponsorship work, advisory services on the LSO Orga...
Advanced Systems Automation flags delay to FY2025 AGM amid ongoing audit queries
Jun 30, 2026
Advanced Systems Automation Limited has warned that it is unlikely to meet its previously announced 15 July 2026 deadline to hold its annual general meeting for the financial year ended 31 December 2025. The delay stems from ongoing efforts by man...
Advanced Systems Automation Revises Timeline for First ASTI Settlement Payment
Jun 26, 2026
Advanced Systems Automation has updated the market on its settlement arrangements with ASTI Holdings, confirming a revised schedule for the S$1.0 million first instalment of a S$6.0 million settlement. The company will now pay S$300,000 by 1 July ...
Advanced Systems Automation Extends Deadline for Major Debt-to-Equity Swap
Jun 24, 2026
Advanced Systems Automation Limited has entered into a second supplemental agreement with Advance Opportunities Fund I to amend the terms of a previously announced debt-to-equity swap involving the issuance of 555,555,555 new ordinary shares at S$...
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.