Memiontec Holdings Ltd. Financial Analysis Report
Company Overview
Memiontec Holdings Ltd. is a Singapore-based company incorporated in the Republic of Singapore. The company’s core business operations, business segments, and geographic footprint are not explicitly stated in the report. However, based on the provided financial statements, it appears that the company operates in a single business segment.
Business Description
The company is engaged in an unspecified business segment. The report does not provide detailed information on the company’s core business operations, business segments, or geographic footprint.
Industry Position and Competitors
The report does not provide information on the company’s position within the industry, its competitors, or its market share.
Revenue Streams and Customer Base
The report does not provide detailed information on the company’s revenue streams, customer base, supply chain, or competitive advantage.
Financial Statement Analysis
Income Statement
The company’s net loss for the financial year ended December 31, 2024, was S$7,388,000 (unaudited) and S$7,388,000 (audited), with no variance between the unaudited and audited financial statements.
Balance Sheet
The company’s total assets as of December 31, 2024, were S$49,423,000 (audited) and S$48,328,000 (unaudited), with a variance of S$1,095,000 due to a fair value gain on a financial asset at FVOCI.
Cash Flow Statement
The report does not provide a detailed analysis of the company’s cash flow statement.
Key Facts and Investor Action
The company’s net loss for the financial year ended December 31, 2024, was S$7,388,000.
The company’s total comprehensive income for the period/year was S$(6,484,000) (audited) and S$(7,579,000) (unaudited), with a variance of S$1,095,000 due to a fair value gain on a financial asset at FVOCI.
The company’s financial statements show a variance in the financial asset at FVOCI, which resulted in a fair value gain of S$1,095,000.
Dividend and Earnings
The report does not mention any dividend proposals or payments.
Recommendation
Based on the analysis, we recommend that:
Current investors: Hold or reduce their position in the stock, as the company’s financial performance has not shown significant improvement.
Potential investors: Exercise caution when considering investing in the stock, as the company’s financial performance has been loss-making.
Disclaimer
The recommendation is based solely on the information provided in the report and should not be considered as investment advice.
Date of Report and Financial Year
The report is dated April 10, 2025, and relates to the financial year ended December 31, 2024.
Special Activity or Action
The report does not mention any special activities or actions the company is taking to improve its profitability.
Net Profit Growth or Decline
The company’s net loss remained the same at S$7,388,000 (unaudited and audited).
Net Profit Growth/Decline: 0%
Conclusion
In conclusion, based on the provided financial report, Memiontec Holdings Ltd.’s financial performance has been loss-making, with no significant improvement in the financial year ended December 31, 2024. The company’s financial statements show a variance in the financial asset at FVOCI, which resulted in a fair value gain of S$1,095,000. Investors should exercise caution when considering investing in the stock.
Recommendation for current investors: Hold Recommendation for potential investors: Exercise Caution
View Memiontec Hldgs Historical chart here
