Financial Report Analysis for Medi Lifestyle Limited (FY2024)
Business Description: Medi Lifestyle Limited is a Singapore-based company that operates in the healthcare services, outsourced services, and agricultural commodities trade business segments. The company has a presence in Singapore and Malaysia.
Financial Statement Analysis:
Income Statement:
The company incurred a net loss of RM5.3 million for the financial year ended 31 December 2024.
Balance Sheet:
As of 31 December 2024, the Group was in a capital deficiency position of RM1.6 million, and the Company had a capital deficiency position of RM1.7 million.
The Group’s current liabilities exceeded its current assets by RM1.4 million.
Cash Flow Statement:
The Group reported a net operating cash outflow of RM6.5 million for the financial year ended 31 December 2024.
Key Findings:
The company is facing significant financial difficulties, as evidenced by its capital deficiency position, net current liability position, and net operating cash outflow.
The auditors have included a Material Uncertainty Related to Going Concern section in their report, indicating that the company’s ability to continue as a going concern is dependent on the continuing financial support of its substantial corporate shareholder.
Recommendation: Investors currently holding the stock: Given the significant financial challenges facing the company, and the material uncertainty regarding its ability to continue as a going concern, investors currently holding the stock should consider selling their shares to minimize potential losses.
Investors not currently holding the stock: Given the company’s financial difficulties and the material uncertainty surrounding its future, investors not currently holding the stock should refrain from investing in Medi Lifestyle Limited at this time.
Disclaimer: The above recommendations are based solely on the information provided in the financial report for the financial year ended 31 December 2024. Investors should conduct their own due diligence and seek professional financial advice before making any investment decisions.
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