Added to YB: 2026-09-14
Pitch date: 2026-08-27
BQC.SI [bearish]
A-Smart Holdings Ltd.
Author Info
Whiteout Capital is a software engineer and private investor publishing independent research focused on global microcaps. Sign up for the newsletter.
Company Info
A-Smart Holdings Ltd. provides print manufacturing, smart technologies, real estate, and investment solutions in Singapore and internationally.
Market Cap
SGD 31.4M
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
-83.89
P/E
-29.35
EV/Sales
5.55
Sector
Commercial Services and Supplies
Category
special_situation
Traverse #1 - Starting Singapore Exchange: #'s-C - A-Smart Holdings Ltd.
BQC.SI (overview): A-Smart is a tiny financial printer risking substantial capital on luxury real estate in Timor-Leste. If completed and sold near management’s assumptions, the project could generate value exceeding the company’s $18m market cap on estimated GDV of $86-90m, but only 35 of 324 planned units have paid bookings, completion has slipped from May 2022 to the end of Q1 2027, and considerable funding remains necessary.
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