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Hiap Hoe Ltd.
(SGX:5JK)
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Rating:61Neutral
Price Target:
S$0.65
▲(16.79% Upside)
Action:Reiterated
Date:08/17/26
The score is supported primarily by improving financial performance (strong recent revenue growth, healthy margins, and solid free cash flow) and reasonable valuation (low P/E with a modest dividend). This is tempered by weak technical signals (below key moving averages and negative MACD) and balance-sheet/earnings-volatility risk (debt slightly above equity and low ROE).
Positive Factors
Improving Revenue and Profitability
The sharp improvement in revenue and margins indicates stronger recent project contribution and earnings recovery. If sustained, this can improve internal funding capacity and support the company’s property development and investment activities.
Negative Factors
Moderately Leveraged Balance Sheet
Debt exceeding equity reduces financial flexibility and increases sensitivity to refinancing conditions, interest costs, and property-market weakness. Leverage may constrain new development capacity or require asset sales if cash generation deteriorates.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving Revenue and Profitability
The sharp improvement in revenue and margins indicates stronger recent project contribution and earnings recovery. If sustained, this can improve internal funding capacity and support the company’s property development and investment activities.
Read all positive factors
Hiap Hoe Ltd. (5JK) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$279.98M
Dividend Yield2.1%
Average Volume (3M)205.85K
Price to Earnings (P/E)6.6
Beta (1Y)0.18
Revenue Growth7.49%
EPS Growth283.69%
CountrySG
Employees544
SectorConsumer Cyclical
Sector Strength84
IndustryReal Estate - Development
Share Statistics
EPS (TTM)0.09
Shares Outstanding474,557,400
10 Day Avg. Volume6,080
30 Day Avg. Volume205,853
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)0.35
Price to Sales (P/S)1.95
P/FCF Ratio5.72
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
Hiap Hoe Ltd. Business Overview & Revenue Model
Company Description
Hiap Hoe Limited, an investment holding company, develops a portfolio of hospitality, retail, commercial, and residential assets in Australia, the United Kingdom, and Singapore. The company operates through several segments: Rental Income from inv...
How the Company Makes Money
Hiap Hoe Ltd. primarily makes money through real estate development and property investment activities. Revenue is generated when it develops properties (e.g., residential or commercial projects) and recognizes sales proceeds upon the sale of comp...
Hiap Hoe Ltd. Financial Statement Overview
Summary
Income Statement
71
Positive
Balance Sheet
56
Neutral
Cash Flow
68
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 138.28M | 135.00M | 111.89M | 111.89M | 119.40M | 93.69M |
| Gross Profit | 123.21M | 67.82M | 40.28M | 81.61M | 116.10M | 89.88M |
| EBITDA | 44.72M | 42.66M | 87.91M | 77.08M | 31.09M | 72.38M |
| Net Income | 42.09M | 30.37M | 6.57M | 5.56M | -22.00M | 21.20M |
Balance Sheet | ||||||
| Total Assets | 1.72B | 1.70B | 1.59B | 1.59B | 1.57B | 1.63B |
| Cash, Cash Equivalents and Short-Term Investments | 630.78M | 601.15M | 468.16M | 354.08M | 347.17M | 345.14M |
| Total Debt | 859.39M | 853.52M | 768.30M | 759.27M | 743.99M | 772.17M |
| Total Liabilities | 957.25M | 953.05M | 871.94M | 866.38M | 848.31M | 872.80M |
| Stockholders Equity | 760.96M | 744.02M | 715.12M | 719.74M | 718.45M | 752.51M |
Cash Flow | ||||||
| Free Cash Flow | 44.23M | 46.08M | 2.94M | 5.59M | 43.17M | 28.32M |
| Operating Cash Flow | 46.80M | 48.26M | 37.70M | 30.30M | 45.52M | 29.66M |
| Investing Cash Flow | -60.83M | -47.28M | 24.61M | -11.31M | 17.36M | -29.32M |
| Financing Cash Flow | 6.88M | 68.31M | -50.56M | -25.55M | -54.85M | 3.93M |
Hiap Hoe Ltd. Technical Analysis
Negative
0.56
Price Trends
0.63
Negative
0.65
Negative
0.63
Negative
Market Momentum
>-0.01
Negative
38.36
Neutral
63.25
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:5JK, the sentiment is Negative. The current price of 0.56 is below the 20-day moving average (MA) of 0.61, below the 50-day MA of 0.63, and below the 200-day MA of 0.63, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 38.36 is Neutral, neither overbought nor oversold. The STOCH value of 63.25 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:5JK.
Hiap Hoe Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | S$506.74M | 10.96 | 3.27% | 8.74% | 117.73% | -23.82% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | S$279.98M | 6.64 | 5.59% | 2.10% | 7.49% | 283.69% | |
60 Neutral | S$85.54M | 15.50 | 2.75% | ― | 8.93% | ― | |
57 Neutral | S$197.99M | 1.41 | 30.64% | 10.13% | 3412.03% | 1089.66% | |
49 Neutral | S$745.12M | 18.67 | 1.32% | 1.11% | -0.88% | 20.85% |
* Consumer Cyclical Sector Average
SG:5JK
Hiap Hoe Ltd.
0.60
0.02
3.84%
SG:O10
Far East Orchard Ltd.
1.03
-0.23
-18.19%
SG:5AE
Pollux Properties Ltd.
0.03
<0.01
24.00%
SG:H30
Hong Fok Corporation Limited
0.90
0.09
11.52%
SG:5IC
Sing Holdings Ltd.
0.40
0.06
18.26%
Hiap Hoe Ltd. Corporate Events
Hiap Hoe Shareholders Approve Dividend, Board Re-Elections and Share Issue Mandate at AGM
May 26, 2026
Hiap Hoe Ltd. held its annual general meeting in Singapore on 30 April 2026, where the board presented the group’s business and financial performance for the year ended 31 December 2025 and confirmed that shareholders’ queries on opera...
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.