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mDR Limited (SG:Y3D)
SGX:Y3D
Singapore Market
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mDR Limited (Y3D) AI Stock Analysis

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SG:Y3D

mDR Limited

(SGX:Y3D)

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Neutral 58 (OpenAI - Gpt-5.6Sol)
Rating:58Neutral
Price Target:
S$0.04
▼(-31.67% Downside)
Action:Reiterated
Date:09/06/26
The score is driven mainly by improving profitability and a healthier balance sheet, but it is held back by weak cash conversion and small/declining free cash flow. Technicals are also soft (below longer-term moving averages with negative MACD), while valuation is a positive offset due to the low P/E and solid dividend yield.
Positive Factors
Earnings Recovery
The return to positive profitability alongside higher revenue indicates that the business has regained operating traction after a weak prior year. If maintained, this recovery can strengthen earnings capacity and provide a more stable base for reinvestment over the coming quarters.
Negative Factors
Weak Cash Conversion
Very low operating cash flow compared with reported earnings raises concerns about earnings quality and the ability to convert profits into usable funds. Persistent weak conversion could limit internally funded investment and reduce flexibility if operating conditions deteriorate.
Read all positive and negative factors
Positive Factors
Negative Factors
Earnings Recovery
The return to positive profitability alongside higher revenue indicates that the business has regained operating traction after a weak prior year. If maintained, this recovery can strengthen earnings capacity and provide a more stable base for reinvestment over the coming quarters.
Read all positive factors

mDR Limited (Y3D) vs. iShares MSCI Singapore ETF (EWS)

mDR Limited Business Overview & Revenue Model

Company Description
mDR Limited operates as an investment holding company, primarily involved in the distribution and retail of telecommunication products and services across Singapore and Malaysia. The company's operations are divided into four distinct segments: Af...
How the Company Makes Money
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mDR Limited Financial Statement Overview

Summary
Profitability has rebounded in the TTM period (revenue up and net margin turning positive), and leverage looks more moderate with improved equity levels. However, cash generation is a major weakness: operating cash flow is very low relative to earnings and free cash flow is small and declining, raising earnings-quality and flexibility risk alongside a history of volatile results.
Income Statement
66
Positive
Balance Sheet
72
Positive
Cash Flow
41
Neutral
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue268.96M248.15M232.03M215.60M175.48M189.28M
Gross Profit49.15M39.15M40.95M32.56M27.52M24.93M
EBITDA15.52M14.29M12.54M-34.67M15.72M10.37M
Net Income12.39M-795.00K5.49M-42.47M7.26M4.08M
Balance Sheet
Total Assets324.47M283.53M223.58M177.68M234.14M224.31M
Cash, Cash Equivalents and Short-Term Investments25.91M12.90M24.19M27.56M25.80M46.34M
Total Debt98.08M114.37M53.07M57.08M66.33M47.77M
Total Liabilities132.81M143.90M74.68M80.58M82.42M66.38M
Stockholders Equity191.13M139.14M148.43M96.62M151.23M159.38M
Cash Flow
Free Cash Flow1.88M1.41M11.12M8.14M4.36M23.42M
Operating Cash Flow2.70M2.05M11.70M8.73M4.89M24.43M
Investing Cash Flow-72.61M-31.80M-32.87M16.35M-28.84M-14.39M
Financing Cash Flow77.11M26.58M20.99M-22.94M11.71M2.65M

mDR Limited Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.06
Price Trends
50DMA
0.04
Negative
100DMA
0.04
Negative
200DMA
0.05
Negative
Market Momentum
MACD
>-0.01
Negative
RSI
41.78
Neutral
STOCH
200.00
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:Y3D, the sentiment is Negative. The current price of 0.06 is above the 20-day moving average (MA) of 0.04, above the 50-day MA of 0.04, and above the 200-day MA of 0.05, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 41.78 is Neutral, neither overbought nor oversold. The STOCH value of 200.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:Y3D.

mDR Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
71
Outperform
S$729.31M111.6634.36%53.91%157.14%
63
Neutral
S$1.09B25.617.99%1.20%1.00%-1.32%
61
Neutral
$37.18B12.37-10.20%1.83%8.50%-7.62%
58
Neutral
S$90.49M7.227.50%4.76%18.77%5.77%
57
Neutral
S$2.78B61.278.82%0.43%14.91%226.44%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
SG:Y3D
mDR Limited
0.04
-0.03
-46.58%
SG:575
ASTI Holdings Limited
0.11
0.10
707.14%
SG:A31
Addvalue Technologies Ltd
0.20
0.17
607.14%
SG:AWX
AEM Holdings Ltd.
8.70
7.16
463.84%
SG:BDR
Willas-Array Electronics (Holdings) Limited
1.11
0.03
2.78%
SG:E28
Frencken Group Limited
2.30
0.88
62.54%

mDR Limited Corporate Events

mDR Limited Expands Quoted Securities Portfolio With S$7.15 Million Acquisition
Aug 28, 2026
mDR Limited reported that between 14 and 26 August 2026, its group acquired quoted securities worth about S$7.15 million, representing 5.1% of its latest audited net tangible assets as at 31 December 2025. Over the same period, it disposed of quot...
mDR Limited Boosts Portfolio of Quoted Securities With New Acquisitions
Aug 17, 2026
mDR Limited has disclosed that it acquired quoted securities valued at approximately S$10.97 million between 6 June and 13 August 2026, representing 7.9% of its latest audited net tangible assets. Over the same period, the Group sold quoted securi...
mDR Limited Details Deployment of Rights Issue Proceeds in Q2 2026
Aug 14, 2026
mDR Limited reported that no warrants were exercised under its Rights cum Warrants Issue during the second quarter of 2026, leaving the warrant-related proceeds unchanged in the period. The company confirmed that its external auditors have verifie...
mDR Updates Utilisation of Rights Issue Proceeds
Aug 13, 2026
mDR Limited has provided an update on the deployment of net proceeds from its earlier Rights cum Warrants Issue, from which it raised S$30.53 million after expenses and loan set-offs. The update shows that S$29.69 million had been utilised prior t...
mDR Limited Boosts Exposure to Quoted Securities With S$6.3 Million Purchase
Jun 9, 2026
mDR Limited has disclosed that it acquired quoted securities worth about S$6.34 million between 27 May and 5 June 2026, representing 4.6% of its latest audited net tangible assets. Over the same period, the Group sold quoted securities with a hist...
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: Sep 06, 2026