SGX Micro Cap — Stage 2 Quality Filter

5 modules · 10 tests · 0 (Green) / 1 (Yellow) / 2 (Red) · total 0–20, lower is better
144 stocks · Generated 2026-10-10 00:53 UTC
Click any test row ▶ to expand its bar chart. Charts show per-year values coloured by threshold.

Summary Rankings

#	Ticker	Company	Sector	Stage 1	Stage 2	Stars	Yrs
1	5IF	Natural Cool Holdings Limited	Industrials	64	2/20	⭐⭐⭐ Strong Screen Match	5
2	42E	Choo Chiang Holdings Ltd.	Technology	93	3/20	⭐⭐⭐ Strong Screen Match	5
3	AVX	HL Global Enterprises Limited	Consumer Cyclical	80	3/20	⭐⭐⭐ Strong Screen Match	5
4	ENV	LS 2 Holdings Limited	Industrials	91	3/20	⭐⭐⭐ Strong Screen Match	5
5	1A1	Wong Fong Industries Limited	Industrials	84	4/20	⭐⭐ Watchlist Match	5
6	595	GKE Corporation Limited	Industrials	84	4/20	⭐⭐ Watchlist Match	5
7	KUH	TSH Corporation Limited	Consumer Cyclical	99	4/20	⭐⭐ Watchlist Match	5
8	KYB	Food Innovators Holdings Limited	Consumer Cyclical	40	4/20	⭐⭐ Watchlist Match	5
9	O9E	Parkson Retail Asia Limited	Consumer Cyclical	81	4/20	⭐⭐ Watchlist Match	4
10	OTX	Medinex Limited	Healthcare	90	4/20	⭐⭐ Watchlist Match	5
11	Y35	AnAn International Limited	Energy	67	4/20	⭐⭐ Watchlist Match	5
12	1V3	Mooreast Holdings Ltd.	Industrials	76	5/20	⭐⭐ Watchlist Match	5
13	41B	Huationg Global Limited	Industrials	87	5/20	⭐⭐ Watchlist Match	5
14	AYN	Global Testing Corporation Limited	Technology	82	5/20	⭐⭐ Watchlist Match	5
15	BEH	China International Holdings Limited	Utilities	40	5/20	⭐⭐ Watchlist Match	5
16	BHU	SUTL Enterprise Limited	Consumer Cyclical	93	5/20	⭐⭐ Watchlist Match	5
17	LMS	LMS Compliance Ltd.	Industrials	80	5/20	⭐⭐ Watchlist Match	5
18	1B6	Ocean Sky International Limited	Industrials	59	6/20	⭐⭐ Watchlist Match	5
19	505	AsiaMedic Limited	Healthcare	58	6/20	⭐⭐ Watchlist Match	5
20	5PF	Jason Marine Group Limited	Technology	74	6/20	⭐⭐ Watchlist Match	5
21	BCV	Qian Hu Corporation Limited	Industrials	32	6/20	⭐⭐ Watchlist Match	5
22	BDU	Federal International (2000) Ltd	Energy	74	6/20	⭐⭐ Watchlist Match	5
23	KIN	Kin Global Limited	Industrials	84	6/20	⭐⭐ Watchlist Match	4
24	1AZ	Audience Analytics Limited	Industrials	90	7/20	⭐ Mixed Screen Match	5
25	1B1	HC Surgical Specialists Limited	Healthcare	87	7/20	⭐ Mixed Screen Match	5
26	42W	Zixin Group Holdings Limited	Consumer Defensive	85	7/20	⭐ Mixed Screen Match	4
27	543	Noel Gifts International Ltd	Consumer Cyclical	38	7/20	⭐ Mixed Screen Match	5
28	5TJ	Far East Group Limited	Industrials	54	7/20	⭐ Mixed Screen Match	5
29	BJV	Yamada Green Resources Limited	Real Estate	60	7/20	⭐ Mixed Screen Match	6
30	K75	Koh Brothers Group Limited	Industrials	57	7/20	⭐ Mixed Screen Match	5
31	N08	New Toyo International Holdings Ltd	Consumer Cyclical	58	7/20	⭐ Mixed Screen Match	5
32	RXS	Pacific Radiance Ltd.	Industrials	84	7/20	⭐ Mixed Screen Match	5
33	Y8E	Samurai 2K Aerosol Limited	Basic Materials	86	7/20	⭐ Mixed Screen Match	5
34	1C0	Emerging Towns & Cities Singapore Ltd.	Consumer Defensive	91	8/20	⭐ Mixed Screen Match	5
35	43Q	Advancer Global Limited	Industrials	47	8/20	⭐ Mixed Screen Match	5
36	51O	MSM International Limited	Consumer Cyclical	53	8/20	⭐ Mixed Screen Match	5
37	540	Tung Lok Restaurants (2000) Ltd	Consumer Cyclical	36	8/20	⭐ Mixed Screen Match	5
38	5AB	Trek 2000 International Ltd	Technology	70	8/20	⭐ Mixed Screen Match	5
39	5CT	ecoWise Holdings Limited	Industrials	54	8/20	⭐ Mixed Screen Match	5
40	5DX	Meta Health Limited	Healthcare	24	8/20	⭐ Mixed Screen Match	4
41	5EF	Adventus Holdings Limited	Consumer Cyclical	27	8/20	⭐ Mixed Screen Match	5
42	5F7	Wilton Resources Corporation Limited	Basic Materials	9	8/20	⭐ Mixed Screen Match	5
43	5TT	Keong Hong Holdings Limited	Industrials	64	8/20	⭐ Mixed Screen Match	5
44	AWK	Fuxing China Group Limited	Consumer Cyclical	58	8/20	⭐ Mixed Screen Match	5
45	AWV	Captii Limited	Communication Services	53	8/20	⭐ Mixed Screen Match	5
46	BFT	Lincotrade & Associates Holdings Limited	Industrials	69	8/20	⭐ Mixed Screen Match	6
47	KJ5	BBR Holdings (S) Ltd	Industrials	76	8/20	⭐ Mixed Screen Match	5
48	M11	Manufacturing Integration Technology Ltd	Technology	14	8/20	⭐ Mixed Screen Match	5
49	Y3D	mDR Limited	Technology	34	8/20	⭐ Mixed Screen Match	5
50	YK9	YKGI Limited	Consumer Cyclical	60	8/20	⭐ Mixed Screen Match	5
51	1D5	Capital World Limited	Real Estate	18	9/20	⭐ Mixed Screen Match	6
52	584	AJJ Medtech Holdings Limited	Healthcare	28	9/20	⭐ Mixed Screen Match	5
53	5HH	Prospera Global Limited	Consumer Cyclical	24	9/20	⭐ Mixed Screen Match	5
54	5OC	Koyo International Limited	Industrials	80	9/20	⭐ Mixed Screen Match	5
55	5OX	Mary Chia Holdings Limited	Consumer Cyclical	26	9/20	⭐ Mixed Screen Match	5
56	AYV	Acma Ltd.	Technology	32	9/20	⭐ Mixed Screen Match	5
57	BDR	Willas-Array Electronics (Holdings) Limited	Technology	53	9/20	⭐ Mixed Screen Match	4
58	BJD	VibroPower Corporation Limited	Industrials	66	9/20	⭐ Mixed Screen Match	4
59	BJZ	Koda Ltd	Consumer Cyclical	54	9/20	⭐ Mixed Screen Match	5
60	F86	MYP Ltd.	Real Estate	44	9/20	⭐ Mixed Screen Match	5
61	I11	Renaissance United Limited	Utilities	16	9/20	⭐ Mixed Screen Match	5
62	QZG	Accrelist Ltd.	Healthcare	32	9/20	⭐ Mixed Screen Match	5
63	RCU	Assurance Healthcare Limited	Technology	24	9/20	⭐ Mixed Screen Match	5
64	SES	Shanaya Limited	Industrials	29	9/20	⭐ Mixed Screen Match	5
65	Z4D	Medi Lifestyle Limited	Healthcare	23	9/20	⭐ Mixed Screen Match	5
66	1E3	Sanli Environmental Limited	Industrials	28	10/20	○ Weak Screen Match	5
67	1F1	Y Ventures Group Ltd.	Consumer Cyclical	24	10/20	○ Weak Screen Match	5
68	1L2	Hiap Seng Industries Limited	Industrials	67	10/20	○ Weak Screen Match	5
69	40N	Versalink Holdings Limited	Industrials	38	10/20	○ Weak Screen Match	5
70	42Z	Eindec Corporation Limited	Industrials	22	10/20	○ Weak Screen Match	5
71	43B	Secura Group Limited	Industrials	49	10/20	○ Weak Screen Match	5
72	53W	Attika Group Ltd.	Industrials	75	10/20	○ Weak Screen Match	5
73	580	Santak Holdings Limited	Technology	17	10/20	○ Weak Screen Match	6
74	5FX	New Wave Holdings Ltd.	Basic Materials	32	10/20	○ Weak Screen Match	5
75	5SR	Zhongmin Baihui Retail Group Ltd.	Consumer Cyclical	59	10/20	○ Weak Screen Match	6
76	BLU	GRP Limited	Technology	25	10/20	○ Weak Screen Match	6
77	LS9	Leader Environmental Technologies Limited	Industrials	50	10/20	○ Weak Screen Match	5
78	N32	Nippecraft Limited	Basic Materials	61	10/20	○ Weak Screen Match	5
79	NEX	Reclaims Global Limited	Industrials	78	10/20	○ Weak Screen Match	5
80	TVV	OxPay Financial Limited	Technology	21	10/20	○ Weak Screen Match	5
81	VI2	Trans-China Automotive Holdings Limited	Consumer Cyclical	33	10/20	○ Weak Screen Match	5
82	VIN	Vin's Holdings Ltd	Consumer Cyclical	14	10/20	○ Weak Screen Match	5
83	YYB	Bacui Technologies International Ltd.	Industrials	48	10/20	○ Weak Screen Match	4
84	1A0	Katrina Group Ltd.	Consumer Cyclical	33	11/20	○ Weak Screen Match	5
85	41T	GCCP Resources Limited	Basic Materials	22	11/20	○ Weak Screen Match	5
86	532	DISA Limited	Technology	17	11/20	○ Weak Screen Match	6
87	596	Pavillon Holdings Ltd.	Consumer Cyclical	21	11/20	○ Weak Screen Match	5
88	5OR	Heatec Jietong Holdings Ltd.	Energy	50	11/20	○ Weak Screen Match	5
89	5UL	Atlantic Navigation Holdings (Singapore) Limited	Industrials	87	11/20	○ Weak Screen Match	5
90	ALK	All-Link Air & Sea Limited	Industrials	64	11/20	○ Weak Screen Match	3
91	BAC	Camsing Healthcare Limited	Consumer Defensive	25	11/20	○ Weak Screen Match	5
92	BKX	Yongmao Holdings Limited	Industrials	44	11/20	○ Weak Screen Match	5
93	CTO	Hong Lai Huat Group Limited	Real Estate	63	11/20	○ Weak Screen Match	5
94	I06	Intraco Limited	Industrials	44	11/20	○ Weak Screen Match	5
95	O08	Ossia International Limited	Consumer Cyclical	52	11/20	○ Weak Screen Match	5
96	RQ1	Overseas Education Limited	Consumer Defensive	44	11/20	○ Weak Screen Match	5
97	SGR	Sheffield Green Ltd.	Industrials	78	11/20	○ Weak Screen Match	5
98	WPC	Vallianz Holdings Limited	Industrials	54	11/20	○ Weak Screen Match	4
99	1H3	Clearbridge Health Limited	Healthcare	24	12/20	○ Weak Screen Match	5
100	508	Fuji Offset Plates Manufacturing Ltd	Industrials	35	12/20	○ Weak Screen Match	5
101	579	Oceanus Group Limited	Consumer Defensive	14	12/20	○ Weak Screen Match	5
102	5GZ	HGH Holdings Ltd.	Industrials	74	12/20	○ Weak Screen Match	5
103	A52	AnnAik Limited	Basic Materials	48	12/20	○ Weak Screen Match	5
104	BKZ	Suntar Eco-City Limited	Consumer Defensive	23	12/20	○ Weak Screen Match	5
105	BLR	Darco Water Technologies Limited	Industrials	38	12/20	○ Weak Screen Match	5
106	BLZ	Advanced Holdings Ltd.	Energy	25	12/20	○ Weak Screen Match	5
107	BRD	Sapphire Corporation Limited	Industrials	35	12/20	○ Weak Screen Match	5
108	BTX	Anchun International Holdings Ltd.	Basic Materials	57	12/20	○ Weak Screen Match	5
109	BXE	CDW Holding Limited	Technology	42	12/20	○ Weak Screen Match	5
110	CHJ	Uni-Asia Group Limited	Industrials	29	12/20	○ Weak Screen Match	5
111	FRQ	Singapore Paincare Holdings Limited	Healthcare	52	12/20	○ Weak Screen Match	6
112	JFQ	Annica Holdings Limited	Energy	33	12/20	○ Weak Screen Match	5
113	L02	Metis Energy Limited	Utilities	15	12/20	○ Weak Screen Match	5
114	MF6	Mun Siong Engineering Limited	Industrials	42	12/20	○ Weak Screen Match	5
115	OTS	OTS Holdings Limited	Consumer Defensive	25	12/20	○ Weak Screen Match	6
116	43E	VCPlus Limited	Industrials	15	13/20	○ Weak Screen Match	5
117	5AI	H2G Green Limited	Consumer Cyclical	22	13/20	○ Weak Screen Match	5
118	5F4	Figtree Holdings Limited	Real Estate	23	13/20	○ Weak Screen Match	5
119	5G9	Tritech Group Limited	Industrials	21	13/20	○ Weak Screen Match	5
120	5I1	KOP Limited	Real Estate	30	13/20	○ Weak Screen Match	5
121	9QX	Beverly Wilshire Ltd.	Healthcare	23	13/20	○ Weak Screen Match	5
122	BFI	Tiong Seng Holdings Limited	Industrials	15	13/20	○ Weak Screen Match	5
123	J03	Jadason Enterprises Ltd	Industrials	48	13/20	○ Weak Screen Match	5
124	QS9	Global Invacom Group Limited	Technology	35	13/20	○ Weak Screen Match	5
125	1F3	Aspen (Group) Holdings Limited	Real Estate	57	14/20	○ Weak Screen Match	5
126	585	Asian Micro Holdings Limited	Energy	30	14/20	○ Weak Screen Match	6
127	5EW	Sevens Atelier Limited	Industrials	33	14/20	○ Weak Screen Match	5
128	5G1	EuroSports Global Limited	Consumer Cyclical	24	14/20	○ Weak Screen Match	5
129	9I7	Bromat Holdings Ltd.	Consumer Cyclical	16	14/20	○ Weak Screen Match	5
130	BFK	Pharmesis International Ltd.	Healthcare	42	14/20	○ Weak Screen Match	5
131	PA3	TA Corporation Ltd	Industrials	88	14/20	○ Weak Screen Match	5
132	SJY	MeGroup Ltd.	Consumer Cyclical	52	14/20	○ Weak Screen Match	5
133	TWL	Memiontec Holdings Ltd.	Utilities	12	14/20	○ Weak Screen Match	5
134	YSV	Khen Energy Limited	Utilities	75	14/20	○ Weak Screen Match	5
135	5CR	Asiatic Group (Holdings) Limited	Utilities	39	15/20	○ Weak Screen Match	5
136	5EG	Zhongxin Fruit and Juice Limited	Consumer Defensive	82	15/20	○ Weak Screen Match	6
137	5FW	Acesian Partners Limited	Industrials	25	15/20	○ Weak Screen Match	5
138	D8DU	First Ship Lease Trust	Industrials	83	15/20	○ Weak Screen Match	5
139	E6R	Le tree Holdings Limited	Basic Materials	47	15/20	○ Weak Screen Match	5
140	P36	Pan Hong Holdings Group Limited	Real Estate	36	15/20	○ Weak Screen Match	5
141	504	HS Optimus Holdings Limited	Consumer Cyclical	44	16/20	○ Weak Screen Match	5
142	5EB	CFM Holdings Limited	Industrials	24	16/20	○ Weak Screen Match	6
143	URR	Sim Leisure Group Ltd.	Consumer Cyclical	94	16/20	○ Weak Screen Match	5
144	UUK	Pasture Holdings Ltd.	Healthcare	33	17/20	○ Weak Screen Match	6

Per-Stock Analysis

5IF

Natural Cool Holdings Limited

Industrials · 5 years data · ●1 Yellow

S1: 64/100

S2: 2/20

⭐⭐⭐ Strong Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	7.64×	● Green (1)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-1.97×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+6.2%	● Green (0)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+2.3%	● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	2.57×	● Yellow (1)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-17.1%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+20.3%	● Green (0)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	0.05×	● Green (0)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	1.00×	● Green (0)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+5.4%	● Green (0)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

42E

Choo Chiang Holdings Ltd.

Technology · 5 years data · ●3 Yellow

S1: 93/100

S2: 3/20

⭐⭐⭐ Strong Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	1.28×	● Green (0)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-0.13×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+3.9%	● Yellow (1)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	-1.8%	● Yellow (1)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	-2.80×	● Green (0)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	+0.9%	● Yellow (1)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+28.7%	● Green (0)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	0.36×	● Green (0)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	1.00×	● Green (0)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+3.1%	● Green (0)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

AVX

HL Global Enterprises Limited

Consumer Cyclical · 5 years data · ●1 Red ●1 Yellow

S1: 80/100

S2: 3/20

⭐⭐⭐ Strong Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	1.74×	● Green (0)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-0.93×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+14.7%	● Green (0)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+7.1%	● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	-16.58×	● Green (0)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	+41.1%	● Red (2)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+51.3%	● Green (0)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	0.44×	● Green (0)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.98×	● Green (0)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+13.8%	● Yellow (1)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

ENV

LS 2 Holdings Limited

Industrials · 5 years data · ●2 Yellow

S1: 91/100

S2: 3/20

⭐⭐⭐ Strong Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	2.16×	● Green (1)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-0.14×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+4.7%	● Yellow (1)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+3.4%	● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	-0.68×	● Green (0)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-4.7%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+88.5%	● Green (0)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	0.05×	● Yellow (1)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	1.00×	● Green (0)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+4.8%	● Green (0)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

1A1

Wong Fong Industries Limited

Industrials · 5 years data · ●3 Yellow

S1: 84/100

S2: 4/20

⭐⭐ Watchlist Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	2.36×	● Green (1)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-0.30×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+16.5%	● Green (0)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	-1.9%	● Yellow (1)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	-1.92×	● Green (0)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-11.7%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+43.4%	● Green (0)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	0.15×	● Yellow (1)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.98×	● Green (0)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+16.3%	● Yellow (1)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

595

GKE Corporation Limited

Industrials · 5 years data · ●1 Red ●1 Yellow

S1: 84/100

S2: 4/20

⭐⭐ Watchlist Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	2.54×	● Green (1)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-0.43×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+14.4%	● Green (0)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	-2.3%	● Yellow (1)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	0.81×	● Green (0)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-20.5%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+28.8%	● Green (0)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	0.24×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	1.00×	● Green (0)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+6.9%	● Green (0)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

KUH

TSH Corporation Limited

Consumer Cyclical · 5 years data · ●3 Yellow

S1: 99/100

S2: 4/20

⭐⭐ Watchlist Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	2.53×	● Green (0)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-0.19×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+7.4%	● Green (1)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	-1.2%	● Yellow (1)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	-0.08×	● Green (0)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-69.6%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+73.6%	● Yellow (1)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	0.14×	● Yellow (1)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	1.00×	● Green (0)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+8.9%	● Green (0)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

KYB

Food Innovators Holdings Limited

Consumer Cyclical · 5 years data · ●1 Red ●1 Yellow

S1: 40/100

S2: 4/20

⭐⭐ Watchlist Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	100.59×	● Green (0)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-4.78×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+7.4%	● Green (1)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+10.4%	● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	2.03×	● Yellow (1)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-7.3%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+15.6%	● Green (0)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	0.03×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	1.00×	● Green (0)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+6.1%	● Green (0)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

O9E

Parkson Retail Asia Limited

Consumer Cyclical · 4 years data · ●1 Red ●2 Yellow

S1: 81/100

S2: 4/20

⭐⭐ Watchlist Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	3.48×	● Green (0)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-1.46×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	-3.0%	● Yellow (1)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+0.7%	● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	0.18×	● Green (0)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	+34.6%	● Red (2)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+68.7%	● Green (0)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	0.15×	● Green (0)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.90×	● Yellow (1)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+0.6%	● Green (0)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

OTX

Medinex Limited

Healthcare · 5 years data · ●1 Red ●1 Yellow

S1: 90/100

S2: 4/20

⭐⭐ Watchlist Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	1.22×	● Green (1)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-0.88×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	-3.1%	● Yellow (1)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+3.4%	● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	-0.54×	● Green (0)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	+17.2%	● Red (2)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+80.2%	● Green (0)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	0.22×	● Green (0)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.96×	● Green (0)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+2.8%	● Green (0)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

Y35

AnAn International Limited

Energy · 5 years data · ●1 Red ●2 Yellow

S1: 67/100

S2: 4/20

⭐⭐ Watchlist Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	10.10×	● Green (0)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-2.39×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+7.2%	● Green (0)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+32.3%	● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	0.40×	● Green (0)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	+9.4%	● Yellow (1)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+5.3%	● Green (0)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	0.06×	● Green (0)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.83×	● Red (2)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+13.4%	● Yellow (1)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

1V3

Mooreast Holdings Ltd.

Industrials · 5 years data · ●2 Red ●1 Yellow

S1: 76/100

S2: 5/20

⭐⭐ Watchlist Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	2.58×	● Green (0)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-0.64×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+52.9%	● Green (0)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+19.4%	● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	2.33×	● Yellow (1)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-59.0%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+44.8%	● Green (0)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	0.21×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	1.00×	● Green (0)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+34.2%	● Red (2)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

41B

Huationg Global Limited

Industrials · 5 years data · ●1 Red ●1 Yellow

S1: 87/100

S2: 5/20

⭐⭐ Watchlist Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	1.81×	● Green (1)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-0.22×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+32.0%	● Green (0)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	-12.0%	● Red (2)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	-0.67×	● Green (0)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-56.9%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+16.5%	● Yellow (2)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	0.39×	● Green (0)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	1.00×	● Green (0)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+9.2%	● Green (0)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

AYN

Global Testing Corporation Limited

Technology · 5 years data · ●1 Red ●3 Yellow

S1: 82/100

S2: 5/20

⭐⭐ Watchlist Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	3.04×	● Green (0)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-0.17×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+11.7%	● Green (0)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	-2.9%	● Yellow (1)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	-2.44×	● Green (0)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-11.9%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+22.1%	● Red (2)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	0.38×	● Yellow (1)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	1.00×	● Green (0)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+12.2%	● Yellow (1)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

BEH

China International Holdings Limited

Utilities · 5 years data · ●1 Red ●2 Yellow

S1: 40/100

S2: 5/20

⭐⭐ Watchlist Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	3.18×	● Green (0)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-6.49×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+17.9%	● Green (0)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+42.0%	● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	1.71×	● Yellow (1)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-54.7%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+46.0%	● Green (1)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	-0.06×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	1.00×	● Green (0)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+13.4%	● Yellow (1)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

BHU

SUTL Enterprise Limited

Consumer Cyclical · 5 years data · ●1 Red ●1 Yellow

S1: 93/100

S2: 5/20

⭐⭐ Watchlist Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	1.05×	● Green (1)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-0.19×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+0.7%	● Yellow (2)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+0.7%	● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	-1.87×	● Green (0)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	+26.0%	● Red (2)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+85.0%	● Green (0)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	0.25×	● Green (0)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.99×	● Green (0)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+3.3%	● Green (0)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

LMS

LMS Compliance Ltd.

Industrials · 5 years data · ●4 Yellow

S1: 80/100

S2: 5/20

⭐⭐ Watchlist Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	1.42×	● Green (0)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-1.23×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+32.5%	● Green (0)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	-4.9%	● Yellow (1)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	-0.74×	● Green (1)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	+10.3%	● Yellow (1)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+86.5%	● Yellow (1)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	0.22×	● Green (0)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	1.00×	● Green (0)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+10.3%	● Yellow (1)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

1B6

Ocean Sky International Limited

Industrials · 5 years data · ●2 Red ●2 Yellow

S1: 59/100

S2: 6/20

⭐⭐ Watchlist Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	0.62×	● Yellow (1)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-0.67×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+27.1%	● Green (0)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	-8.1%	● Red (2)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	-0.22×	● Green (0)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-5.6%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+17.0%	● Green (0)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	0.23×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	1.00×	● Green (0)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+16.2%	● Yellow (1)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

505

AsiaMedic Limited

Healthcare · 5 years data · ●2 Red ●1 Yellow

S1: 58/100

S2: 6/20

⭐⭐ Watchlist Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	1.92×	● Green (0)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	0.84×	● Red (2)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+21.8%	● Green (1)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+1.4%	● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	3.28×	● Red (2)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-2.2%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+94.0%	● Green (0)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	0.06×	● Yellow (1)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	1.00×	● Green (0)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+1.7%	● Green (0)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

5PF

Jason Marine Group Limited

Technology · 5 years data · ●2 Red

S1: 74/100

S2: 6/20

⭐⭐ Watchlist Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	2.18×	● Green (0)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-0.41×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+44.0%	● Green (1)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+12.8%	● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	-1.12×	● Green (1)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-81.9%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+32.3%	● Green (0)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	0.08×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	1.00×	● Green (0)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+47.4%	● Red (2)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

BCV

Qian Hu Corporation Limited

Industrials · 5 years data · ●2 Red ●2 Yellow

S1: 32/100

S2: 6/20

⭐⭐ Watchlist Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	-5.09×	● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-1.13×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+0.7%	● Yellow (1)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+0.7%	● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	-1.07×	● Green (0)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	+2.5%	● Yellow (1)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+35.7%	● Green (0)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	-0.03×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.96×	● Green (0)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+4.5%	● Green (0)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

BDU

Federal International (2000) Ltd

Energy · 5 years data · ●2 Red ●1 Yellow

S1: 74/100

S2: 6/20

⭐⭐ Watchlist Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	4.90×	● Green (0)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-1.60×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+190.0%	● Green (0)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	-103.1%	● Red (2)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	-1.18×	● Green (0)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-46.3%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+16.9%	● Green (1)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	0.15×	● Green (0)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.95×	● Yellow (1)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+133.7%	● Red (2)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

KIN

Kin Global Limited

Industrials · 4 years data · ●3 Red

S1: 84/100

S2: 6/20

⭐⭐ Watchlist Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	1.27×	● Green (0)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-0.36×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+207.0%	● Green (0)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	-102.1%	● Red (2)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	-0.56×	● Green (0)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-238.0%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+17.1%	● Red (2)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	0.36×	● Green (0)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	1.00×	● Green (0)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+106.7%	● Red (2)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

1AZ

Audience Analytics Limited

Industrials · 5 years data · ●2 Red ●2 Yellow

S1: 90/100

S2: 7/20

⭐ Mixed Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	1.03×	● Green (0)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-0.12×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+2.4%	● Yellow (2)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	-11.5%	● Red (2)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	-4.50×	● Green (0)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	+7.3%	● Yellow (1)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+52.2%	● Red (2)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	0.53×	● Green (0)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	1.00×	● Green (0)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+2.1%	● Green (0)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

1B1

HC Surgical Specialists Limited

Healthcare · 5 years data · ●1 Red ●4 Yellow

S1: 87/100

S2: 7/20

⭐ Mixed Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	0.86×	● Yellow (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	0.16×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+1.6%	● Yellow (1)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	-0.6%	● Yellow (1)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	-0.26×	● Green (0)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	+7.2%	● Yellow (1)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+84.3%	● Green (0)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	0.52×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.99×	● Green (0)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+1.7%	● Green (0)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

42W

Zixin Group Holdings Limited

Consumer Defensive · 4 years data · ●3 Red

S1: 85/100

S2: 7/20

⭐ Mixed Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	1.37×	● Green (0)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-0.33×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+33.1%	● Green (0)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+8.3%	● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	-1.23×	● Green (1)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	+39.4%	● Red (2)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+34.0%	● Green (0)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	0.30×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	1.00×	● Green (0)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+37.0%	● Red (2)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

543

Noel Gifts International Ltd

Consumer Cyclical · 5 years data · ●2 Red ●3 Yellow

S1: 38/100

S2: 7/20

⭐ Mixed Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	7.41×	● Green (0)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	0.81×	● Red (2)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	-1.2%	● Yellow (1)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	-2.3%	● Yellow (1)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	18.80×	● Red (2)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-73.8%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+49.1%	● Green (0)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	0.04×	● Yellow (1)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.97×	● Green (0)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+6.5%	● Green (0)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

5TJ

Far East Group Limited

Industrials · 5 years data · ●2 Red ●3 Yellow

S1: 54/100

S2: 7/20

⭐ Mixed Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	8.65×	● Green (0)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	0.22×	● Yellow (1)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	-9.7%	● Red (2)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+10.8%	● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	7.37×	● Red (2)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-1.9%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+21.1%	● Green (0)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	0.12×	● Green (0)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.86×	● Yellow (1)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+24.5%	● Yellow (1)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

BJV

Yamada Green Resources Limited

Real Estate · 6 years data · ●2 Red ●1 Yellow

S1: 60/100

S2: 7/20

⭐ Mixed Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	-1.11×	● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-1.86×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+10.1%	● Green (1)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+14.1%	● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	-1.76×	● Green (1)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-44.7%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+72.3%	● Green (0)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	-0.53×	● Yellow (1)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.98×	● Green (0)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+28.2%	● Red (2)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

K75

Koh Brothers Group Limited

Industrials · 5 years data · ●2 Red ●1 Yellow

S1: 57/100

S2: 7/20

⭐ Mixed Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	3.48×	● Green (0)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	0.15×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+38.2%	● Green (0)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+64.8%	● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	1.01×	● Green (1)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-30.6%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+11.9%	● Green (1)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	0.48×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.92×	● Yellow (1)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+35.6%	● Red (2)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

N08

New Toyo International Holdings Ltd

Consumer Cyclical · 5 years data · ●5 Yellow

S1: 58/100

S2: 7/20

⭐ Mixed Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	5.07×	● Green (0)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-0.46×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	-2.1%	● Yellow (2)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	-4.0%	● Yellow (1)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	-0.49×	● Green (1)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	+10.8%	● Yellow (1)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+10.3%	● Yellow (1)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	0.13×	● Yellow (1)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.98×	● Green (0)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+4.7%	● Green (0)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

RXS

Pacific Radiance Ltd.

Industrials · 5 years data · ●2 Red ●3 Yellow

S1: 84/100

S2: 7/20

⭐ Mixed Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	-0.10×	● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	0.04×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+25.9%	● Green (0)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+29.1%	● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	-0.35×	● Green (0)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	+42.7%	● Red (2)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+40.2%	● Yellow (1)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	0.71×	● Yellow (1)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	1.00×	● Green (0)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+17.4%	● Yellow (1)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

Y8E

Samurai 2K Aerosol Limited

Basic Materials · 5 years data · ●1 Red ●2 Yellow

S1: 86/100

S2: 7/20

⭐ Mixed Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	1.63×	● Green (1)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	0.42×	● Yellow (1)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+1.2%	● Yellow (2)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+7.7%	● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	-0.87×	● Green (0)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-14.2%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+51.3%	● Green (1)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	0.41×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	1.00×	● Green (0)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+3.6%	● Green (0)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

1C0

Emerging Towns & Cities Singapore Ltd.

Consumer Defensive · 5 years data · ●3 Red

S1: 91/100

S2: 8/20

⭐ Mixed Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	2.48×	● Green (0)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-0.28×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+48.0%	● Green (0)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+27.0%	● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	-0.54×	● Green (1)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	+158.6%	● Red (2)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+83.3%	● Green (1)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	0.16×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	1.00×	● Green (0)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+104.6%	● Red (2)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

43Q

Advancer Global Limited

Industrials · 5 years data · ●4 Red

S1: 47/100

S2: 8/20

⭐ Mixed Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	1.06×	● Green (0)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	1.16×	● Red (2)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+14.9%	● Green (0)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	-8.2%	● Red (2)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	-10.66×	● Green (0)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	+18.9%	● Red (2)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+20.5%	● Green (0)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	0.09×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	1.00×	● Green (0)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+8.2%	● Green (0)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

51O

MSM International Limited

Consumer Cyclical · 5 years data · ●3 Red ●2 Yellow

S1: 53/100

S2: 8/20

⭐ Mixed Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	197.67×	● Green (0)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-71.83×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+31.7%	● Green (0)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	-23.4%	● Red (2)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	6.02×	● Red (2)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-4.9%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+21.6%	● Yellow (1)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	0.00×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	1.00×	● Green (0)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+20.4%	● Yellow (1)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

540

Tung Lok Restaurants (2000) Ltd

Consumer Cyclical · 5 years data · ●2 Red ●3 Yellow

S1: 36/100

S2: 8/20

⭐ Mixed Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	-4.66×	● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-0.32×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	-3.1%	● Yellow (1)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+1.1%	● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	1.61×	● Yellow (2)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-12.1%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+72.5%	● Green (0)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	-0.03×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.92×	● Yellow (1)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+2.4%	● Green (0)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

5AB

Trek 2000 International Ltd

Technology · 5 years data · ●2 Red ●2 Yellow

S1: 70/100

S2: 8/20

⭐ Mixed Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	1.66×	● Green (0)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	1.82×	● Red (2)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	-1.1%	● Yellow (2)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+130.0%	● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	8.08×	● Red (2)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-36.5%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+12.1%	● Green (1)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	1.94×	● Green (0)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.99×	● Green (0)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+10.7%	● Yellow (1)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

5CT

ecoWise Holdings Limited

Industrials · 5 years data · ●3 Red ●2 Yellow

S1: 54/100

S2: 8/20

⭐ Mixed Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	-3.07×	● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-0.24×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	-9.2%	● Red (2)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	-10.8%	● Red (2)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	-22.06×	● Green (0)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-37.0%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+14.9%	● Green (0)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	-0.41×	● Yellow (1)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.91×	● Yellow (1)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+9.3%	● Green (0)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

5DX

Meta Health Limited

Healthcare · 4 years data · ●3 Red ●1 Yellow

S1: 24/100

S2: 8/20

⭐ Mixed Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	0.75×	● Yellow (1)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-0.06×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+455.5%	● Green (0)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+111.3%	● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	-1.80×	● Green (0)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-462.1%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+93.1%	● Green (1)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	-0.99×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.12×	● Red (2)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+308.0%	● Red (2)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

5EF

Adventus Holdings Limited

Consumer Cyclical · 5 years data · ●3 Red ●1 Yellow

S1: 27/100

S2: 8/20

⭐ Mixed Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	-0.74×	● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-0.69×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+33.5%	● Green (0)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+275.2%	● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	87.52×	● Red (2)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-126.1%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+34.4%	● Green (1)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	-1.44×	● Yellow (1)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	1.00×	● Green (0)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+29.5%	● Red (2)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

5F7

Wilton Resources Corporation Limited

Basic Materials · 5 years data · ●3 Red

S1: 9/100

S2: 8/20

⭐ Mixed Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	0.49×		● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-0.19×		● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+27.7%		● Green (0)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+91.1%		● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	-7.15×		● Green (0)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	—	—	● N/A (1)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+62.5%		● Green (1)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	-89.48×		● Green (0)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.32×		● Red (2)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+47.2%		● Red (2)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

5TT

Keong Hong Holdings Limited

Industrials · 5 years data · ●1 Red ●3 Yellow

S1: 64/100

S2: 8/20

⭐ Mixed Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	-0.05×	● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	0.08×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+5.7%	● Green (1)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+339.5%	● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	0.63×	● Green (1)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-61.5%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+7.3%	● Green (1)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	0.76×	● Yellow (1)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.91×	● Yellow (1)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+24.4%	● Yellow (1)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

AWK

Fuxing China Group Limited

Consumer Cyclical · 5 years data · ●4 Red

S1: 58/100

S2: 8/20

⭐ Mixed Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	3.76×	● Green (0)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	1.81×	● Red (2)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	-8.6%	● Red (2)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+16.8%	● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	-2.60×	● Green (0)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-4.1%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+7.4%	● Green (0)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	0.41×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.80×	● Red (2)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+3.3%	● Green (0)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

AWV

Captii Limited

Communication Services · 5 years data · ●3 Red ●1 Yellow

S1: 53/100

S2: 8/20

⭐ Mixed Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	-1.10×	● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-1.06×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	-9.2%	● Red (2)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+17.7%	● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	-10.73×	● Green (1)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-22.0%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+63.9%	● Green (0)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	-0.47×	● Yellow (1)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.69×	● Red (2)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+8.9%	● Green (0)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

BFT

Lincotrade & Associates Holdings Limited

Industrials · 6 years data · ●3 Red ●1 Yellow

S1: 69/100

S2: 8/20

⭐ Mixed Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	-0.29×	● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-0.64×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+75.8%	● Green (0)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+11.3%	● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	-1.22×	● Green (1)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	+16.2%	● Red (2)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+13.3%	● Green (0)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	0.47×	● Yellow (1)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	1.00×	● Green (0)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+42.5%	● Red (2)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

KJ5

BBR Holdings (S) Ltd

Industrials · 5 years data · ●3 Red ●2 Yellow

S1: 76/100

S2: 8/20

⭐ Mixed Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	6.95×	● Green (0)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-3.55×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	-15.8%	● Red (2)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+29.3%	● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	1.76×	● Yellow (1)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-50.8%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+18.2%	● Green (0)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	0.10×	● Yellow (1)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.84×	● Red (2)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+28.1%	● Red (2)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

M11

Manufacturing Integration Technology Ltd

Technology · 5 years data · ●1 Red ●4 Yellow

S1: 14/100

S2: 8/20

⭐ Mixed Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	0.71×	● Yellow (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	0.33×	● Yellow (1)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+62.3%	● Green (0)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+47.8%	● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	-2.46×	● Green (0)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	+9.8%	● Yellow (1)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+11.6%	● Green (1)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	-1.42×	● Yellow (1)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.96×	● Green (0)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+49.3%	● Red (2)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

Y3D

mDR Limited

Technology · 5 years data · ●3 Red ●1 Yellow

S1: 34/100

S2: 8/20

⭐ Mixed Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	-6.75×	● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	8.03×	● Red (2)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+7.0%	● Green (1)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	-1.4%	● Yellow (1)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	-35.86×	● Green (0)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-4.2%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+17.4%	● Green (0)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	-0.02×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	1.00×	● Green (0)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+9.0%	● Green (0)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

YK9

YKGI Limited

Consumer Cyclical · 5 years data · ●2 Red ●1 Yellow

S1: 60/100

S2: 8/20

⭐ Mixed Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	4.52×	● Green (1)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	0.59×	● Red (2)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+6.4%	● Green (1)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	-0.0%	● Yellow (1)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	1.49×	● Green (1)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	+16.6%	● Red (2)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+44.4%	● Green (0)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	0.13×	● Green (0)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	1.00×	● Green (0)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+2.3%	● Green (0)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

1D5

Capital World Limited

Real Estate · 6 years data · ●3 Red ●2 Yellow

S1: 18/100

S2: 9/20

⭐ Mixed Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	0.17×	● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	0.31×	● Yellow (1)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+39.0%	● Green (0)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	-20.6%	● Red (2)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	0.58×	● Green (1)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-58.9%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+99.9%	● Green (0)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	3.51×	● Yellow (1)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	1.00×	● Green (0)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+30.4%	● Red (2)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

584

AJJ Medtech Holdings Limited

Healthcare · 5 years data · ●3 Red ●1 Yellow

S1: 28/100

S2: 9/20

⭐ Mixed Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	0.39×	● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-0.02×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+37.4%	● Green (1)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+62.8%	● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	-0.80×	● Green (1)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-27.5%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+36.8%	● Red (2)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	-2.49×	● Yellow (1)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	1.00×	● Green (0)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+75.3%	● Red (2)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

5HH

Prospera Global Limited

Consumer Cyclical · 5 years data · ●4 Red

S1: 24/100

S2: 9/20

⭐ Mixed Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	0.43×	● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-0.09×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+376.1%	● Green (0)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+6732.8%	● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	20.09×	● Red (2)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-455.4%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+83.9%	● Green (1)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	-0.24×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	1.00×	● Green (0)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+216.8%	● Red (2)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

5OC

Koyo International Limited

Industrials · 5 years data · ●4 Red

S1: 80/100

S2: 9/20

⭐ Mixed Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	5.90×	● Green (0)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-0.26×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+151.3%	● Green (0)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	-107.6%	● Red (2)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	-1.62×	● Green (0)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	+671.1%	● Red (2)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+12.0%	● Green (1)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	0.23×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	1.00×	● Green (0)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+87.0%	● Red (2)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

5OX

Mary Chia Holdings Limited

Consumer Cyclical · 5 years data · ●3 Red ●2 Yellow

S1: 26/100

S2: 9/20

⭐ Mixed Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	1.13×	● Green (0)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-0.29×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	-70.9%	● Red (2)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	-4.1%	● Yellow (1)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	-6.95×	● Green (0)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-6.9%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+28.5%	● Green (1)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	-0.78×	● Yellow (1)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.29×	● Red (2)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+348.6%	● Red (2)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

AYV

Acma Ltd.

Technology · 5 years data · ●4 Red

S1: 32/100

S2: 9/20

⭐ Mixed Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	-0.27×	● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	0.09×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	-16.1%	● Red (2)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+13.6%	● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	0.75×	● Green (1)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-27.1%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+40.5%	● Green (0)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	-0.43×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.56×	● Red (2)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+3.7%	● Green (0)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

BDR

Willas-Array Electronics (Holdings) Limited

Technology · 4 years data · ●4 Red

S1: 53/100

S2: 9/20

⭐ Mixed Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	4.69×	● Green (0)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-0.22×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	-11.5%	● Red (2)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+129.2%	● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	6.27×	● Red (2)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-3.6%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+9.3%	● Green (1)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	0.23×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.69×	● Red (2)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+3.3%	● Green (0)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

BJD

VibroPower Corporation Limited

Industrials · 4 years data · ●4 Red

S1: 66/100

S2: 9/20

⭐ Mixed Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	-11.65×	● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-6.51×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+123.3%	● Green (0)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+201.5%	● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	-0.64×	● Green (0)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-6.8%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+31.9%	● Green (1)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	-0.06×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.83×	● Red (2)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+93.4%	● Red (2)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

BJZ

Koda Ltd

Consumer Cyclical · 5 years data · ●3 Red ●2 Yellow

S1: 54/100

S2: 9/20

⭐ Mixed Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	-2.35×	● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-0.03×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+21.1%	● Green (0)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	-2.8%	● Yellow (1)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	2.06×	● Yellow (2)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	+106.3%	● Red (2)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+30.7%	● Green (0)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	0.11×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	1.00×	● Green (0)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+8.7%	● Green (0)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

F86

MYP Ltd.

Real Estate · 5 years data · ●3 Red ●2 Yellow

S1: 44/100

S2: 9/20

⭐ Mixed Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	3.02×	● Green (0)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-1.81×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+2.8%	● Yellow (2)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	-1.4%	● Yellow (1)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	20.69×	● Red (2)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	+193.1%	● Red (2)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+89.1%	● Green (0)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	0.26×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	1.00×	● Green (0)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+1.4%	● Green (0)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

I11

Renaissance United Limited

Utilities · 5 years data · ●2 Red ●3 Yellow

S1: 16/100

S2: 9/20

⭐ Mixed Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	1.98×	● Green (0)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-0.07×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+7.2%	● Green (1)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+28.4%	● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	5.71×	● Red (2)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	+176.0%	● Red (2)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+17.7%	● Green (1)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	-0.10×	● Yellow (1)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.89×	● Yellow (1)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+21.5%	● Yellow (1)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

QZG

Accrelist Ltd.

Healthcare · 5 years data · ●4 Red ●1 Yellow

S1: 32/100

S2: 9/20

⭐ Mixed Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	-0.45×	● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	2.13×	● Red (2)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+11.5%	● Green (0)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+16.7%	● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	0.56×	● Green (0)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-5.5%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+43.8%	● Green (0)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	-0.17×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.82×	● Red (2)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+22.4%	● Yellow (1)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

RCU

Assurance Healthcare Limited

Technology · 5 years data · ●3 Red ●2 Yellow

S1: 24/100

S2: 9/20

⭐ Mixed Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	0.74×	● Yellow (1)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	0.07×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+26.0%	● Green (0)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+181.2%	● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	1.73×	● Yellow (1)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	+18.4%	● Red (2)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+9.6%	● Green (1)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	-10.26×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	1.00×	● Green (0)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+47.6%	● Red (2)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

SES

Shanaya Limited

Industrials · 5 years data · ●2 Red ●2 Yellow

S1: 29/100

S2: 9/20

⭐ Mixed Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	107.43×		● Green (0)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	117.43×		● Red (2)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+3.4%		● Yellow (1)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	—	—	● N/A (1)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	8.52×		● Red (2)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	+14.6%		● Yellow (1)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	—	—	● N/A (1)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	—	—	● N/A (1)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	1.00×		● Green (0)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+3.8%		● Green (0)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

Z4D

Medi Lifestyle Limited

Healthcare · 5 years data · ●3 Red ●1 Yellow

S1: 23/100

S2: 9/20

⭐ Mixed Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	1.03×	● Green (0)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-0.03×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+139.9%	● Green (0)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	-65.4%	● Red (2)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	-0.25×	● Green (1)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-79.3%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	-1.2%	● Yellow (2)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	71.41×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	1.00×	● Green (0)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+88.0%	● Red (2)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

1E3

Sanli Environmental Limited

Industrials · 5 years data · ●3 Red ●4 Yellow

S1: 28/100

S2: 10/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	-4.72×	● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-0.01×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	-11.4%	● Red (2)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+16.6%	● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	9.40×	● Red (2)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	+3.6%	● Yellow (1)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+11.1%	● Yellow (1)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	0.14×	● Green (0)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.89×	● Yellow (1)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+19.1%	● Yellow (1)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

1F1

Y Ventures Group Ltd.

Consumer Cyclical · 5 years data · ●4 Red ●2 Yellow

S1: 24/100

S2: 10/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	1.29×	● Green (0)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	0.54×	● Red (2)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	-23.9%	● Red (2)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+3.4%	● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	0.80×	● Green (0)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	+25.9%	● Red (2)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+42.8%	● Green (0)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	-0.07×	● Yellow (1)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.76×	● Red (2)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+16.5%	● Yellow (1)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

1L2

Hiap Seng Industries Limited

Industrials · 5 years data · ●3 Red ●2 Yellow

S1: 67/100

S2: 10/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	0.34×	● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	0.12×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+6.8%	● Green (1)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	-19.2%	● Red (2)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	-7.20×	● Green (0)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	+32.9%	● Red (2)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+26.5%	● Green (1)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	0.44×	● Yellow (1)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.98×	● Green (0)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+21.5%	● Yellow (1)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

40N

Versalink Holdings Limited

Industrials · 5 years data · ●4 Red ●1 Yellow

S1: 38/100

S2: 10/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	-0.50×	● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-0.03×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	-7.1%	● Red (2)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+6.4%	● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	0.89×	● Green (0)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-19.2%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+23.9%	● Green (1)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	-0.66×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.83×	● Red (2)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+10.8%	● Yellow (1)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

42Z

Eindec Corporation Limited

Industrials · 5 years data · ●4 Red ●2 Yellow

S1: 22/100

S2: 10/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	0.12×	● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-0.23×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	-6.7%	● Red (2)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	-1.8%	● Yellow (1)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	-6.93×	● Green (0)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-16.0%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+32.4%	● Green (0)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	-0.31×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.38×	● Red (2)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+17.2%	● Yellow (1)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

43B

Secura Group Limited

Industrials · 5 years data · ●2 Red ●4 Yellow

S1: 49/100

S2: 10/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	1.00×	● Green (1)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	0.71×	● Red (2)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	-9.5%	● Red (2)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+1.2%	● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	-8.92×	● Green (0)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	+4.5%	● Yellow (1)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+17.3%	● Green (1)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	0.14×	● Yellow (1)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.89×	● Yellow (1)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+16.8%	● Yellow (1)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

53W

Attika Group Ltd.

Industrials · 5 years data · ●4 Red ●1 Yellow

S1: 75/100

S2: 10/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	1.00×	● Green (1)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-0.30×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	-32.4%	● Red (2)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+24.3%	● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	1.62×	● Yellow (1)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	+39.6%	● Red (2)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+20.5%	● Green (0)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	0.44×	● Green (0)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.68×	● Red (2)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+71.0%	● Red (2)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

580

Santak Holdings Limited

Technology · 6 years data · ●4 Red ●2 Yellow

S1: 17/100

S2: 10/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	0.75×	● Yellow (1)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-0.01×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	-5.6%	● Red (2)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+6.2%	● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	0.50×	● Green (0)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	+24.8%	● Red (2)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	-4.5%	● Red (2)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	8.07×	● Yellow (1)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.81×	● Red (2)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+2.7%	● Green (0)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

5FX

New Wave Holdings Ltd.

Basic Materials · 5 years data · ●3 Red ●3 Yellow

S1: 32/100

S2: 10/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	-0.06×	● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-0.51×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+21.9%	● Green (0)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+2.1%	● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	-15.96×	● Green (0)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	+33.2%	● Red (2)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+17.3%	● Yellow (2)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	-0.39×	● Yellow (1)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.89×	● Yellow (1)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+30.7%	● Red (2)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

5SR

Zhongmin Baihui Retail Group Ltd.

Consumer Cyclical · 6 years data · ●3 Red ●2 Yellow

S1: 59/100

S2: 10/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	2.87×	● Green (0)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	2.71×	● Red (2)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	-3.3%	● Yellow (2)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	-7.6%	● Red (2)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	-11.30×	● Green (1)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-14.9%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+21.4%	● Green (0)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	0.25×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.91×	● Yellow (1)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+2.8%	● Green (0)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

BLU

GRP Limited

Technology · 6 years data · ●4 Red ●1 Yellow

S1: 25/100

S2: 10/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	3.43×	● Green (1)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	0.23×	● Yellow (1)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+174.0%	● Green (0)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+130.9%	● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	5.51×	● Red (2)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-182.4%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+16.1%	● Red (2)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	-0.55×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	1.00×	● Green (0)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+121.1%	● Red (2)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

LS9

Leader Environmental Technologies Limited

Industrials · 5 years data · ●5 Red

S1: 50/100

S2: 10/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	-0.20×	● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	1.13×	● Red (2)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+63.6%	● Green (0)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+33.1%	● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	-2.14×	● Green (0)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-59.1%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+30.2%	● Green (0)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	60.40×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.21×	● Red (2)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+73.9%	● Red (2)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

N32

Nippecraft Limited

Basic Materials · 5 years data · ●5 Red

S1: 61/100

S2: 10/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	1.72×	● Green (0)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	1.48×	● Red (2)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	-5.3%	● Red (2)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	-5.5%	● Red (2)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	-144.43×	● Green (0)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-7.8%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+7.5%	● Green (0)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	0.10×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.77×	● Red (2)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+5.0%	● Green (0)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

NEX

Reclaims Global Limited

Industrials · 5 years data · ●4 Red ●2 Yellow

S1: 78/100

S2: 10/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	0.46×	● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	0.02×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+4.8%	● Yellow (1)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+9.5%	● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	-3.29×	● Green (0)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	+47.6%	● Red (2)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+48.3%	● Yellow (1)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	0.30×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	1.00×	● Green (0)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+49.5%	● Red (2)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

TVV

OxPay Financial Limited

Technology · 5 years data · ●4 Red

S1: 21/100

S2: 10/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	1.02×	● Green (1)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-0.04×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+34.0%	● Green (0)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	-35.6%	● Red (2)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	-0.01×	● Green (0)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-34.7%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+46.8%	● Green (1)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	-1.35×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.49×	● Red (2)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+45.3%	● Red (2)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

VI2

Trans-China Automotive Holdings Limited

Consumer Cyclical · 5 years data · ●4 Red ●1 Yellow

S1: 33/100

S2: 10/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	-0.60×	● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-0.42×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	-21.9%	● Red (2)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+144.6%	● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	-71.67×	● Green (0)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-66.2%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+0.2%	● Yellow (2)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	-29.79×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.50×	● Red (2)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+6.0%	● Green (0)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

VIN

Vin's Holdings Ltd

Consumer Cyclical · 5 years data · ●4 Red ●2 Yellow

S1: 14/100

S2: 10/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	7.90×	● Green (0)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-2.46×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	-6.1%	● Red (2)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+9.0%	● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	13.95×	● Red (2)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	+55.6%	● Red (2)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+15.2%	● Green (0)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	0.03×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.89×	● Yellow (1)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+12.3%	● Yellow (1)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

YYB

Bacui Technologies International Ltd.

Industrials · 4 years data · ●4 Red

S1: 48/100

S2: 10/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	-4.01×	● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-2.03×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+7.6%	● Green (0)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	-8.2%	● Red (2)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	—	● N/A (1)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-82.9%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+84.4%	● Green (1)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	0.01×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	1.00×	● Green (0)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+76.1%	● Red (2)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

1A0

Katrina Group Ltd.

Consumer Cyclical · 5 years data · ●5 Red ●1 Yellow

S1: 33/100

S2: 11/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	-5.48×	● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-1.16×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	-16.0%	● Red (2)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	-15.3%	● Red (2)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	1.47×	● Green (0)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-11.3%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+11.4%	● Yellow (1)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	-0.53×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.71×	● Red (2)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+4.7%	● Green (0)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

41T

GCCP Resources Limited

Basic Materials · 5 years data · ●5 Red

S1: 22/100

S2: 11/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	2.54×	● Green (0)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	1.47×	● Red (2)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+56.1%	● Green (0)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+70.3%	● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	-0.13×	● Green (0)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	+3391.9%	● Red (2)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+40.5%	● Green (1)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	-4.06×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.21×	● Red (2)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+83.4%	● Red (2)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

532

DISA Limited

Technology · 6 years data · ●3 Red ●3 Yellow

S1: 17/100

S2: 11/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	0.98×	● Green (0)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	0.26×	● Yellow (1)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	-67.3%	● Red (2)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+102.0%	● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	1.06×	● Green (1)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	+144.9%	● Red (2)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+43.3%	● Green (1)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	-2.00×	● Yellow (1)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.18×	● Red (2)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+24.7%	● Yellow (1)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

596

Pavillon Holdings Ltd.

Consumer Cyclical · 5 years data · ●5 Red ●1 Yellow

S1: 21/100

S2: 11/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	-0.02×	● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-1.15×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	-7.4%	● Red (2)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	-5.8%	● Red (2)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	10.08×	● Red (2)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-42.8%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+42.9%	● Green (0)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	-1.71×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.91×	● Yellow (1)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+9.0%	● Green (0)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

5OR

Heatec Jietong Holdings Ltd.

Energy · 5 years data · ●4 Red ●2 Yellow

S1: 50/100

S2: 11/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	-2.34×	● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-0.45×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+1.0%	● Yellow (2)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	-7.0%	● Red (2)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	5.96×	● Red (2)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-19.9%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+33.1%	● Green (0)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	-0.11×	● Green (0)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.81×	● Red (2)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+18.9%	● Yellow (1)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

5UL

Atlantic Navigation Holdings (Singapore) Limited

Industrials · 5 years data · ●4 Red ●1 Yellow

S1: 87/100

S2: 11/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	1.47×	● Green (1)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	0.35×	● Yellow (1)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+110.3%	● Green (0)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	-27.7%	● Red (2)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	-2.53×	● Green (0)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-173.1%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+55.7%	● Green (1)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	0.55×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.31×	● Red (2)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+98.2%	● Red (2)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

ALK

All-Link Air & Sea Limited

Industrials · 3 years data · ●5 Red ●1 Yellow

S1: 64/100

S2: 11/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	-1.27×	● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-0.13×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+3.6%	● Yellow (1)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	-19.0%	● Red (2)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	-2.12×	● Green (0)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	+1739.7%	● Red (2)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+12.0%	● Red (2)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	0.71×	● Green (0)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	1.00×	● Green (0)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+976.5%	● Red (2)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

BAC

Camsing Healthcare Limited

Consumer Defensive · 5 years data · ●3 Red ●4 Yellow

S1: 25/100

S2: 11/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	0.41×	● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	0.47×	● Yellow (1)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	-14.2%	● Red (2)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	-3.3%	● Yellow (1)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	-3.03×	● Green (1)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-20.1%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+55.1%	● Yellow (1)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	-0.41×	● Yellow (1)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.67×	● Red (2)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+9.7%	● Green (0)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

BKX

Yongmao Holdings Limited

Industrials · 5 years data · ●3 Red ●4 Yellow

S1: 44/100

S2: 11/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	-1.91×	● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-2.48×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	-13.3%	● Red (2)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+2.3%	● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	2.27×	● Yellow (2)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	+5.0%	● Yellow (1)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+29.6%	● Green (0)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	0.06×	● Yellow (1)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.83×	● Red (2)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+14.3%	● Yellow (1)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

CTO

Hong Lai Huat Group Limited

Real Estate · 5 years data · ●5 Red

S1: 63/100

S2: 11/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	-0.31×	● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	1.30×	● Red (2)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+2626.5%	● Green (0)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+7386.9%	● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	5.51×	● Red (2)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-2448.2%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+54.5%	● Green (1)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	9.67×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	1.00×	● Green (0)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+1509.5%	● Red (2)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

I06

Intraco Limited

Industrials · 5 years data · ●4 Red ●2 Yellow

S1: 44/100

S2: 11/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	4.54×	● Green (0)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	2.04×	● Red (2)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	-15.5%	● Red (2)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	-1.8%	● Yellow (1)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	73.74×	● Red (2)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-3.4%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+2.6%	● Green (1)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	0.41×	● Green (0)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.80×	● Red (2)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+22.2%	● Yellow (1)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

O08

Ossia International Limited

Consumer Cyclical · 5 years data · ●4 Red ●3 Yellow

S1: 52/100

S2: 11/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	-0.93×	● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	1.50×	● Red (2)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	-29.0%	● Red (2)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	-0.6%	● Yellow (1)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	-10.78×	● Green (0)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-36.5%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+51.8%	● Yellow (1)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	0.42×	● Green (0)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.70×	● Red (2)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+16.5%	● Yellow (1)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

RQ1

Overseas Education Limited

Consumer Defensive · 5 years data · ●2 Red ●5 Yellow

S1: 44/100

S2: 11/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	75.24×	● Green (0)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-28.87×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	-5.0%	● Yellow (2)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	-11.2%	● Red (2)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	1.79×	● Yellow (2)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	+8.9%	● Yellow (1)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+38.6%	● Yellow (1)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	0.01×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.95×	● Green (0)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+10.5%	● Yellow (1)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

SGR

Sheffield Green Ltd.

Industrials · 5 years data · ●4 Red ●1 Yellow

S1: 78/100

S2: 11/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	2.71×	● Green (0)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-0.92×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+12.1%	● Green (1)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	-5.5%	● Red (2)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	-2.23×	● Green (0)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	+7.2%	● Yellow (1)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+28.1%	● Green (1)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	0.18×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.76×	● Red (2)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+138.0%	● Red (2)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

WPC

Vallianz Holdings Limited

Industrials · 4 years data · ●5 Red

S1: 54/100

S2: 11/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	1.65×	● Green (0)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-0.77×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	-33.3%	● Red (2)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+24.5%	● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	3.97×	● Red (2)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	+222.4%	● Red (2)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+8.1%	● Green (1)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	0.39×	● Green (0)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.67×	● Red (2)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+134.8%	● Red (2)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

1H3

Clearbridge Health Limited

Healthcare · 5 years data · ●4 Red ●3 Yellow

S1: 24/100

S2: 12/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	0.21×	● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-0.73×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+0.3%	● Yellow (1)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+5.6%	● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	-0.20×	● Green (1)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	+39.0%	● Red (2)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+51.0%	● Yellow (1)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	-2.55×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.60×	● Red (2)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+20.0%	● Yellow (1)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

508

Fuji Offset Plates Manufacturing Ltd

Industrials · 5 years data · ●4 Red ●3 Yellow

S1: 35/100

S2: 12/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	0.14×	● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	2.07×	● Red (2)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	-9.8%	● Red (2)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+0.2%	● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	59.45×	● Red (2)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-2.9%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+31.0%	● Green (1)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	0.82×	● Yellow (1)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.90×	● Yellow (1)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+10.3%	● Yellow (1)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

579

Oceanus Group Limited

Consumer Defensive · 5 years data · ●4 Red ●2 Yellow

S1: 14/100

S2: 12/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	2.36×	● Green (1)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-2.03×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	-3.4%	● Yellow (2)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	-1.0%	● Yellow (1)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	10.17×	● Red (2)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-4.2%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+6.6%	● Green (0)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	-0.42×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.81×	● Red (2)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+33.2%	● Red (2)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

5GZ

HGH Holdings Ltd.

Industrials · 5 years data · ●5 Red

S1: 74/100

S2: 12/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	-0.10×	● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-0.24×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+156.3%	● Green (0)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	-26.8%	● Red (2)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	0.85×	● Green (1)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	+40.1%	● Red (2)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+25.5%	● Green (1)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	0.37×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	1.00×	● Green (0)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+90.7%	● Red (2)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

A52

AnnAik Limited

Basic Materials · 5 years data · ●4 Red ●3 Yellow

S1: 48/100

S2: 12/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	-14.01×	● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-5.68×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	-24.4%	● Red (2)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+2.7%	● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	1.74×	● Yellow (2)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	+4.5%	● Yellow (1)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+32.6%	● Green (0)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	-0.04×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.44×	● Red (2)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+21.3%	● Yellow (1)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

BKZ

Suntar Eco-City Limited

Consumer Defensive · 5 years data · ●5 Red

S1: 23/100

S2: 12/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	-11.88×		● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	3.74×		● Red (2)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	-39.2%		● Red (2)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+90.7%		● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	—	—	● N/A (1)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-35.7%		● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+16.4%		● Green (1)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	0.61×		● Green (0)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.18×		● Red (2)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+104.8%		● Red (2)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

BLR

Darco Water Technologies Limited

Industrials · 5 years data · ●5 Red ●1 Yellow

S1: 38/100

S2: 12/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	-0.21×	● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-0.11×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	-13.1%	● Red (2)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	-33.7%	● Red (2)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	0.69×	● Green (0)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-19.0%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+12.3%	● Yellow (2)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	-0.77×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.66×	● Red (2)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+3.1%	● Green (0)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

BLZ

Advanced Holdings Ltd.

Energy · 5 years data · ●6 Red

S1: 25/100

S2: 12/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	0.10×	● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	0.01×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+50.2%	● Green (0)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+30.3%	● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	6.76×	● Red (2)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-137.3%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	-0.6%	● Red (2)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	91.34×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.47×	● Red (2)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+54.4%	● Red (2)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

BRD

Sapphire Corporation Limited

Industrials · 5 years data · ●4 Red ●3 Yellow

S1: 35/100

S2: 12/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	-9.51×	● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	2.54×	● Red (2)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+11.8%	● Green (0)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	-1.0%	● Yellow (1)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	0.39×	● Green (0)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	+15.5%	● Red (2)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+2.2%	● Yellow (2)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	0.45×	● Yellow (1)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	1.00×	● Green (0)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+310.9%	● Red (2)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

BTX

Anchun International Holdings Ltd.

Basic Materials · 5 years data · ●4 Red ●3 Yellow

S1: 57/100

S2: 12/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	-0.67×		● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	0.39×		● Yellow (1)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	-15.4%		● Red (2)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+10.9%		● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	—	—	● N/A (1)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-12.5%		● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+26.2%		● Yellow (1)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	0.37×		● Yellow (1)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.82×		● Red (2)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+31.6%		● Red (2)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

BXE

CDW Holding Limited

Technology · 5 years data · ●4 Red ●4 Yellow

S1: 42/100

S2: 12/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	-0.81×	● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-0.02×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+1.8%	● Yellow (1)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	-4.5%	● Yellow (1)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	285.39×	● Red (2)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-1.1%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+15.1%	● Yellow (1)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	-0.20×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.59×	● Red (2)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+15.0%	● Yellow (1)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

CHJ

Uni-Asia Group Limited

Industrials · 5 years data · ●6 Red

S1: 29/100

S2: 12/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	0.24×	● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-3.93×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+103.1%	● Green (0)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+38.8%	● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	3.69×	● Red (2)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-28.5%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+18.0%	● Red (2)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	0.11×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.56×	● Red (2)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+86.9%	● Red (2)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

FRQ

Singapore Paincare Holdings Limited

Healthcare · 6 years data · ●3 Red ●1 Yellow

S1: 52/100

S2: 12/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	-5.16×	● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-2.59×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	—	● N/A (2)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	—	● N/A (1)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	1.13×	● Green (1)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	—	● N/A (1)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+78.3%	● Yellow (1)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	-0.04×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	1.00×	● Green (0)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+30.3%	● Red (2)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

JFQ

Annica Holdings Limited

Energy · 5 years data · ●5 Red ●1 Yellow

S1: 33/100

S2: 12/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	-0.37×	● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-0.49×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	-42.0%	● Red (2)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+11.9%	● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	-1.09×	● Green (0)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	+57.3%	● Red (2)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+50.4%	● Green (1)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	-0.87×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.46×	● Red (2)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+23.9%	● Yellow (1)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

L02

Metis Energy Limited

Utilities · 5 years data · ●5 Red ●1 Yellow

S1: 15/100

S2: 12/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	0.47×	● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-0.71×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	-2.5%	● Yellow (1)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	-11.0%	● Red (2)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	-70.57×	● Green (0)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	+71.0%	● Red (2)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+84.4%	● Green (1)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	-3.18×	● Green (0)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.37×	● Red (2)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+51.5%	● Red (2)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

MF6

Mun Siong Engineering Limited

Industrials · 5 years data · ●4 Red ●2 Yellow

S1: 42/100

S2: 12/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	-0.50×	● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-0.14×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+7.0%	● Green (1)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	-35.5%	● Red (2)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	4.11×	● Red (2)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-7.3%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+4.3%	● Yellow (2)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	-1.80×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.97×	● Green (0)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+11.2%	● Yellow (1)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

OTS

OTS Holdings Limited

Consumer Defensive · 6 years data · ●5 Red ●2 Yellow

S1: 25/100

S2: 12/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	0.03×	● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-0.05×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	-9.7%	● Red (2)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	-12.9%	● Red (2)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	18.14×	● Red (2)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-2.0%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+21.2%	● Yellow (1)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	-0.34×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.88×	● Yellow (1)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+5.0%	● Green (0)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

43E

VCPlus Limited

Industrials · 5 years data · ●6 Red

S1: 15/100

S2: 13/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	0.55×	● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-0.65×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	-75.2%	● Red (2)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	-21.3%	● Red (2)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	0.46×	● Green (1)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-24.8%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	-358.1%	● Red (2)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	3.67×	● Green (0)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.23×	● Red (2)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+91.6%	● Red (2)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

5AI

H2G Green Limited

Consumer Cyclical · 5 years data · ●6 Red ●1 Yellow

S1: 22/100

S2: 13/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	0.28×	● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	0.08×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	-29.3%	● Red (2)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	-9.6%	● Red (2)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	-0.38×	● Green (0)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	+11.1%	● Yellow (1)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+42.8%	● Green (0)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	-2.08×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.71×	● Red (2)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+46.1%	● Red (2)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

5F4

Figtree Holdings Limited

Real Estate · 5 years data · ●6 Red

S1: 23/100

S2: 13/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	0.54×	● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-0.32×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	-73.5%	● Red (2)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+14.9%	● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	-3.80×	● Green (0)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	+57.6%	● Red (2)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+22.9%	● Green (1)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	-6.32×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.08×	● Red (2)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+60.6%	● Red (2)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

5G9

Tritech Group Limited

Industrials · 5 years data · ●6 Red ●1 Yellow

S1: 21/100

S2: 13/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	0.55×	● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-0.08×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	-26.7%	● Red (2)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	-15.3%	● Red (2)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	-1.96×	● Green (0)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-18.7%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+23.5%	● Red (2)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	-0.82×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.66×	● Red (2)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+13.2%	● Yellow (1)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

5I1

KOP Limited

Real Estate · 5 years data · ●5 Red ●2 Yellow

S1: 30/100

S2: 13/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	0.87×	● Yellow (1)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-0.00×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	-71.5%	● Red (2)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+37.6%	● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	3.18×	● Red (2)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	+12.3%	● Yellow (1)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+63.4%	● Green (1)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	-0.29×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.25×	● Red (2)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+71.1%	● Red (2)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

9QX

Beverly Wilshire Ltd.

Healthcare · 5 years data · ●6 Red ●1 Yellow

S1: 23/100

S2: 13/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	-24.48×	● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	7.35×	● Red (2)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+59.7%	● Green (0)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+12.5%	● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	3.20×	● Red (2)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	+15.3%	● Red (2)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+56.1%	● Green (0)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	0.01×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.89×	● Yellow (1)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+49.0%	● Red (2)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

BFI

Tiong Seng Holdings Limited

Industrials · 5 years data · ●6 Red

S1: 15/100

S2: 13/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	0.93×	● Green (0)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	0.13×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	-43.9%	● Red (2)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	-60.3%	● Red (2)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	-2.90×	● Green (0)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	+113.5%	● Red (2)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	-0.4%	● Green (1)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	29.74×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.56×	● Red (2)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+40.1%	● Red (2)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

J03

Jadason Enterprises Ltd

Industrials · 5 years data · ●5 Red ●2 Yellow

S1: 48/100

S2: 13/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	-1.58×	● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	1.93×	● Red (2)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+14.9%	● Green (0)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	-2.6%	● Yellow (1)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	7.30×	● Red (2)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-10.9%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+11.2%	● Green (1)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	0.44×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.90×	● Yellow (1)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+27.1%	● Red (2)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

QS9

Global Invacom Group Limited

Technology · 5 years data · ●4 Red ●3 Yellow

S1: 35/100

S2: 13/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	0.42×	● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	0.33×	● Yellow (1)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	-12.1%	● Red (2)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+14.6%	● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	1.44×	● Green (1)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	+40.0%	● Red (2)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+46.2%	● Green (1)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	-0.16×	● Yellow (1)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.42×	● Red (2)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+18.9%	● Yellow (1)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

1F3

Aspen (Group) Holdings Limited

Real Estate · 5 years data · ●5 Red ●3 Yellow

S1: 57/100

S2: 14/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	-5.43×	● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-0.57×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	-18.5%	● Red (2)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	-3.7%	● Yellow (1)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	15.84×	● Red (2)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	+0.8%	● Yellow (1)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+23.7%	● Green (1)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	-0.37×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.74×	● Red (2)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+12.9%	● Yellow (1)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

585

Asian Micro Holdings Limited

Energy · 6 years data · ●7 Red

S1: 30/100

S2: 14/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	-21.98×	● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	4.45×	● Red (2)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	-31.6%	● Red (2)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+0.1%	● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	-0.93×	● Green (0)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	+39.6%	● Red (2)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+25.7%	● Green (0)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	0.04×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.68×	● Red (2)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+43.4%	● Red (2)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

5EW

Sevens Atelier Limited

Industrials · 5 years data · ●7 Red

S1: 33/100

S2: 14/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	-0.09×	● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-0.73×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	-10.3%	● Red (2)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	-37.6%	● Red (2)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	0.37×	● Green (0)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-45.2%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+11.4%	● Red (2)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	-5.88×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.57×	● Red (2)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+78.7%	● Red (2)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

5G1

EuroSports Global Limited

Consumer Cyclical · 5 years data · ●7 Red

S1: 24/100

S2: 14/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	-1.27×	● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	0.15×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	-22.8%	● Red (2)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+20.1%	● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	12.71×	● Red (2)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	+757.4%	● Red (2)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+14.9%	● Green (0)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	-0.14×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.68×	● Red (2)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+90.8%	● Red (2)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

9I7

Bromat Holdings Ltd.

Consumer Cyclical · 5 years data · ●6 Red ●1 Yellow

S1: 16/100

S2: 14/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	0.72×	● Yellow (1)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-0.02×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	-87.9%	● Red (2)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	-206.1%	● Red (2)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	-2.22×	● Green (1)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-12.0%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	-646.1%	● Red (2)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	1.89×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.04×	● Red (2)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+28.4%	● Red (2)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

BFK

Pharmesis International Ltd.

Healthcare · 5 years data · ●6 Red ●1 Yellow

S1: 42/100

S2: 14/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	-0.62×	● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	0.22×	● Yellow (1)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	-35.3%	● Red (2)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+0.9%	● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	-4.87×	● Green (1)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-31.0%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+36.2%	● Red (2)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	-0.27×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.65×	● Red (2)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+42.8%	● Red (2)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

PA3

TA Corporation Ltd

Industrials · 5 years data · ●5 Red ●2 Yellow

S1: 88/100

S2: 14/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	0.57×	● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	0.32×	● Yellow (1)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	+26.5%	● Green (0)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	-23.8%	● Red (2)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	2.21×	● Yellow (2)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-56.5%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+49.5%	● Green (1)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	0.88×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.34×	● Red (2)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+44.4%	● Red (2)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

SJY

MeGroup Ltd.

Consumer Cyclical · 5 years data · ●6 Red ●2 Yellow

S1: 52/100

S2: 14/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	-8.41×	● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-4.69×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	-12.9%	● Red (2)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	-3.6%	● Yellow (1)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	4.17×	● Red (2)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	+18.8%	● Red (2)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+11.8%	● Green (0)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	-0.04×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.75×	● Red (2)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+13.0%	● Yellow (1)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

TWL

Memiontec Holdings Ltd.

Utilities · 5 years data · ●7 Red

S1: 12/100

S2: 14/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	0.19×	● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-0.28×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	-51.0%	● Red (2)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	+27.8%	● Green (0)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	-1.35×	● Green (0)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	+95.6%	● Red (2)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	-6.5%	● Red (2)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	5.66×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.39×	● Red (2)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+55.3%	● Red (2)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

YSV

Khen Energy Limited

Utilities · 5 years data · ●6 Red ●2 Yellow

S1: 75/100

S2: 14/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	-0.02×	● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	0.96×	● Red (2)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	-15.5%	● Red (2)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	-0.5%	● Yellow (1)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	-4.76×	● Green (0)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	+70.0%	● Red (2)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+70.7%	● Green (0)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	10.25×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.85×	● Red (2)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+20.5%	● Yellow (1)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

5CR

Asiatic Group (Holdings) Limited

Utilities · 5 years data · ●6 Red ●1 Yellow

S1: 39/100

S2: 15/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	-0.12×	● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-1.02×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	-4.4%	● Yellow (2)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	-5.3%	● Red (2)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	5.73×	● Red (2)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-25.4%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+48.0%	● Green (1)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	-2.94×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.47×	● Red (2)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+31.4%	● Red (2)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

5EG

Zhongxin Fruit and Juice Limited

Consumer Defensive · 6 years data · ●5 Red ●3 Yellow

S1: 82/100

S2: 15/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	1.65×	● Green (1)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-0.14×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	-23.0%	● Red (2)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	-3.5%	● Yellow (1)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	1.73×	● Yellow (2)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	+25.0%	● Red (2)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+16.4%	● Yellow (1)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	0.61×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.77×	● Red (2)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+50.0%	● Red (2)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

5FW

Acesian Partners Limited

Industrials · 5 years data · ●7 Red ●1 Yellow

S1: 25/100

S2: 15/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	0.47×	● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-0.32×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	-20.8%	● Red (2)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	-36.9%	● Red (2)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	14.13×	● Red (2)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-25.3%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+22.4%	● Red (2)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	-1.84×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.16×	● Red (2)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+19.9%	● Yellow (1)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

D8DU

First Ship Lease Trust

Industrials · 5 years data · ●6 Red ●1 Yellow

S1: 83/100

S2: 15/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	0.65×	● Yellow (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	0.72×	● Red (2)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	-28.4%	● Red (2)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	-25.7%	● Red (2)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	-5.08×	● Green (0)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-71.6%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+64.1%	● Green (1)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	1.77×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.25×	● Red (2)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+32.2%	● Red (2)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

E6R

Le tree Holdings Limited

Basic Materials · 5 years data · ●5 Red

S1: 47/100

S2: 15/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	-0.14×		● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	1.00×		● Red (2)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	—	—	● N/A (1)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	—	—	● N/A (1)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	—		● N/A (1)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	—	—	● N/A (1)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+2.7%		● Red (2)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	285.36×		● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.07×		● Red (2)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	—	—	● N/A (1)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

P36

Pan Hong Holdings Group Limited

Real Estate · 5 years data · ●7 Red

S1: 36/100

S2: 15/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	0.11×		● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-0.01×		● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	-44.0%		● Red (2)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	-370.2%		● Red (2)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	-0.37×		● Green (0)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	—	—	● N/A (1)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	-117.8%		● Red (2)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	1.21×		● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.51×		● Red (2)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+606.7%		● Red (2)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

504

HS Optimus Holdings Limited

Consumer Cyclical · 5 years data · ●7 Red ●1 Yellow

S1: 44/100

S2: 16/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	0.19×	● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	2.28×	● Red (2)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	-6.2%	● Red (2)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	-13.7%	● Red (2)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	6.54×	● Red (2)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	-69.8%	● Green (0)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+19.1%	● Green (1)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	1.06×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.89×	● Yellow (1)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+27.2%	● Red (2)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

5EB

CFM Holdings Limited

Industrials · 6 years data · ●8 Red

S1: 24/100

S2: 16/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	0.54×	● Red (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	0.20×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	-14.1%	● Red (2)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	-28.5%	● Red (2)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	27.30×	● Red (2)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	+15.5%	● Red (2)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+13.8%	● Red (2)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	-0.45×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.71×	● Red (2)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+8.6%	● Green (0)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

URR

Sim Leisure Group Ltd.

Consumer Cyclical · 5 years data · ●8 Red

S1: 94/100

S2: 16/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	1.78×	● Green (0)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	0.51×	● Red (2)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	-17.7%	● Red (2)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	-24.7%	● Red (2)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	0.49×	● Green (0)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	+73.4%	● Red (2)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+34.6%	● Red (2)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	0.85×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.82×	● Red (2)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+59.9%	● Red (2)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

UUK

Pasture Holdings Ltd.

Healthcare · 6 years data · ●7 Red ●1 Yellow

S1: 33/100

S2: 17/20

○ Weak Screen Match↑ summary

Module A — Earnings Quality
A1	Cash Conversion	0.85×	● Yellow (2)▶
Cash Conversion — Operating cash flow as a ratio of net income — measures earnings quality and cash backing. ≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	-0.05×	● Green (0)▶
Non-Operating Income — Share of net income not explained by operating income — high values flag reliance on non-recurring items. ≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
Module B — Business Momentum
B1	Revenue Growth YoY	-21.9%	● Red (2)▶
Revenue Growth YoY — Year-over-year revenue growth rate — trend deterioration adds a penalty point. ≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	-22.2%	● Red (2)▶
Operating Leverage — Gross profit growth minus revenue growth — positive means margins are expanding with scale. ≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
Module C — Balance Sheet Trajectory
C1	Net Debt / EBITDA	3.87×	● Red (2)▶
Net Debt / EBITDA — Financial leverage ratio — rising leverage over time adds a penalty point. ≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	+37.0%	● Red (2)▶
Receivables vs Revenue Δ — Receivables growth minus revenue growth — excess receivables growth can signal revenue quality issues. ≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
Module D — Profitability Sustainability
D1	Gross Margin 3Y Change	+20.0%	● Green (1)▶
Gross Margin 3Y Change — 3-year gross margin change plus volatility check — persistent margin erosion scores Red. ≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	-0.50×	● Red (2)▶
NI / GP Stability — Deviation of NI/GP ratio from its historical median — spikes or crashes both flag earnings quality risk. ≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
Module E — Sector Cycle Risk
E1	Revenue vs 5-Year Peak	0.68×	● Red (2)▶
Revenue vs 5-Year Peak — Current revenue as a fraction of 5-year peak — a large gap signals cyclical trough or structural decline. ≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	+36.4%	● Red (2)▶
Revenue Growth Volatility — Standard deviation of YoY revenue growth rates — high volatility indicates cyclical or unpredictable business. ≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red

▸ Framework Reference — 10 Tests & Thresholds

Each test 0/1/2 points. A1, B1, C1 carry a +1 trend penalty if last 3 years show >10% adverse movement (cap 2).

Test	Name	Thresholds
A1	Cash Conversion	≥ 0.9× Green \| ≥ 0.6× Yellow \| < 0.6× Red
A2	Non-Operating Income	≤ 20% Green \| ≤ 50% Yellow \| > 50% Red
B1	Revenue Growth YoY	≥ +5% Green \| ≥ −5% Yellow \| < −5% Red
B2	Operating Leverage	≥ 0pp Green \| ≥ −5pp Yellow \| < −5pp Red
C1	Net Debt / EBITDA	≤ 1.5× Green \| ≤ 3.0× Yellow \| > 3.0× Red
C2	Receivables vs Revenue Δ	≤ 0pp Green \| ≤ +15pp Yellow \| > +15pp Red
D1	Gross Margin 3Y Change	≥ −2pp Green \| ≥ −8pp Yellow \| < −8pp Red
D2	NI / GP Stability	≤ ±30% dev Green \| ≤ ±80% Yellow \| > ±80% Red
E1	Revenue vs 5-Year Peak	≥ 95% Green \| ≥ 85% Yellow \| < 85% Red
E2	Revenue Growth Volatility	≤ 10% σ Green \| ≤ 25% Yellow \| > 25% Red