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SHS Holdings Ltd.
(SGX:566)
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Rating:46Neutral
Price Target:
S$0.12
▼(-4.17% Downside)
Action:Reiterated
Date:09/06/26
The score is primarily constrained by weakened financial performance: despite strong revenue growth, margins have collapsed into net losses and TTM cash flow has turned negative, while leverage has risen. Technical indicators are broadly neutral and do not add strong positive momentum. Valuation is also challenged by the negative P/E, with only a modest dividend yield offering limited support.
Positive Factors
Strong Revenue Growth
Revenue growth of 19.3% indicates the company is expanding its sales base despite current profitability pressure. If this growth is retained, it can provide greater operating scale and create a foundation for margin recovery over the next several quarters.
Negative Factors
Severe Margin Compression
Very thin gross margins leave little room to absorb cost pressure or pricing weakness, while the net loss shows that revenue growth is not currently translating into earnings. Persistent compression could weaken reinvestment capacity and shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
Revenue growth of 19.3% indicates the company is expanding its sales base despite current profitability pressure. If this growth is retained, it can provide greater operating scale and create a foundation for margin recovery over the next several quarters.
Read all positive factors
SHS Holdings Ltd. (566) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$68.25M
Dividend Yield1.96%
Average Volume (3M)74.89K
Price to Earnings (P/E)―
Beta (1Y)0.04
Revenue Growth291.80%
EPS Growth-721.05%
CountrySG
Employees317
SectorIndustrials
Sector Strength72
IndustryManufacturing - Metal Fabrication
Share Statistics
EPS (TTM)-0.02
Shares Outstanding651,021,800
10 Day Avg. Volume82,700
30 Day Avg. Volume74,893
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)0.58
Price to Sales (P/S)0.31
P/FCF Ratio19.20
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
SHS Holdings Ltd. Business Overview & Revenue Model
Company Description
SHS Holdings Ltd., established in Singapore in 1971, operates as an investment holding company with a broad presence across Singapore, Malaysia, Vietnam, Indonesia, the People's Republic of China, Australia, and New Zealand. Its primary business r...
SHS Holdings Ltd. Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
56
Neutral
Cash Flow
34
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 387.72M | 262.20M | 82.98M | 82.20M | 87.22M | 55.20M |
| Gross Profit | 5.97M | 9.19M | 11.84M | 12.93M | 19.07M | 9.32M |
| EBITDA | -10.00M | -4.31M | 8.10M | 8.70M | 10.96M | 3.57M |
| Net Income | -14.41M | -13.07M | 3.20M | 2.50M | 5.06M | -2.75M |
Balance Sheet | ||||||
| Total Assets | 421.14M | 360.03M | 177.39M | 184.79M | 166.96M | 176.35M |
| Cash, Cash Equivalents and Short-Term Investments | 56.80M | 63.36M | 38.28M | 36.41M | 59.98M | 66.38M |
| Total Debt | 73.00M | 70.43M | 14.50M | 28.69M | 21.35M | 23.90M |
| Total Liabilities | 286.67M | 220.51M | 37.34M | 48.24M | 35.52M | 38.05M |
| Stockholders Equity | 134.14M | 139.22M | 139.58M | 136.16M | 131.13M | 138.40M |
Cash Flow | ||||||
| Free Cash Flow | -6.86M | 4.23M | 2.76M | -15.92M | 8.63M | 581.00K |
| Operating Cash Flow | -3.32M | 7.20M | 3.47M | -14.28M | 9.35M | 1.16M |
| Investing Cash Flow | 26.49M | -2.33M | 3.53M | -1.60M | -788.00K | 37.50M |
| Financing Cash Flow | -4.39M | -5.88M | -5.15M | -7.69M | -14.46M | -4.25M |
SHS Holdings Ltd. Technical Analysis
Negative
0.12
Price Trends
0.12
Negative
0.12
Positive
0.12
Negative
Market Momentum
<0.01
Negative
49.02
Neutral
39.81
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:566, the sentiment is Negative. The current price of 0.12 is below the 20-day moving average (MA) of 0.12, below the 50-day MA of 0.12, and below the 200-day MA of 0.12, indicating a bearish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 49.02 is Neutral, neither overbought nor oversold. The STOCH value of 39.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:566.
SHS Holdings Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
SG:566
SHS Holdings Ltd.
0.12
>-0.01
-5.65%
SG:BKA
Sin Heng Heavy Machinery Limited
0.59
-0.04
-6.65%
SG:595
GKE Corporation Limited
0.07
-0.03
-32.29%
SG:BKX
Yongmao Holdings Limited
0.68
0.03
3.85%
SG:NEX
Reclaims Global Limited
0.21
0.02
9.04%
SG:WPC
Vallianz Holdings Limited
0.06
0.02
36.59%
SHS Holdings Ltd. Corporate Events
SHS Holdings Clarifies CFO Impairment Dispute and Confirms Clean 2025 Audit
Sep 4, 2026
SHS Holdings Ltd. has clarified that a previously disclosed difference of opinion between its outgoing chief financial officer and the Board did not concern the accounting treatment in its unaudited 2025 financial statements, but rather the judgme...
SHS Holdings shareholders back board, fees and share mandate at 2026 AGM
Jul 28, 2026
SHS Holdings Ltd. held its annual general meeting on 29 June 2026 in Singapore, where shareholders adopted the directors’ statement and audited financial statements for the year ended 31 December 2025 by unanimous poll vote. The meeting proc...
SHS Holdings Wins Strong Shareholder Backing for Expanded Share Buy-Back Plans
Jul 28, 2026
Shareholders of SHS Holdings Ltd. approved two key capital management measures at an extraordinary general meeting held on 29 June 2026 in Singapore. Both resolutions received 99.99% support, underscoring strong investor backing for the board̵...
SHS Holdings Board Defends Receivables Assessment After CFO Exit
Jul 9, 2026
SHS Holdings has addressed concerns raised by outgoing group chief financial officer Lou Siew Thong, who resigned citing unresolved differences with the board over the impairment assessment of certain receivables. The board and audit committee emp...
SHS Holdings Subsidiary Reaches RMB 89.4 Million Settlement in Guangxi Construction Dispute
Jul 3, 2026
SHS Holdings’ wholly owned subsidiary Nanning Tidal Aluminium Co., Ltd. has reached a settlement with its construction contractor over a dispute related to the construction of a recycled aluminium production facility in Guangxi, China. The c...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.