Added to YB: 2026-09-14
Pitch date: 2026-08-27
BTJ.SI [neutral]
A-Sonic Aerospace Limited
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-Sonic Aerospace Limited, an investment holding company, engages in the aviation and logistics business in People’s Republic of China, Hong Kong, Australia, Singapore, the United States, and internationally.
Market Cap
SGD 42.3M
Pitch Price
N/A
Price Target
N/A
Dividend
0.93%
EV/EBITDA
0.80
P/E
10.78
EV/Sales
0.02
Sector
Air Freight and Logistics
Category
value
Traverse #1 - Starting Singapore Exchange: #'s-C - A-Sonic Aerospace Limited
BTJ.SI (quick overview): A-Sonic is a stable-looking freight forwarder with a mostly dormant aircraft-trading arm and a newly acquired IT joint venture, trading at negative enterprise value and likely below NCAV. Normalized owner earnings are estimated at 5-8% of market cap while investors wait for better cash deployment; 6% of shares have been retired in two years. The risk is a founder-controlled value trap, underscored by modest buybacks and an opaque acquisition.
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