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Sin Heng Heavy Machinery Limited
(SGX:BKA)
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Rating:65Neutral
Price Target:
S$0.65
▲(11.21% Upside)
Action:Reiterated
Date:08/19/26
The score is supported primarily by strong balance-sheet quality and improved recent cash generation, which provide resilience. This is offset by weakening revenue/margin momentum and clearly bearish technical signals (price below key moving averages with negative MACD), while valuation appears only moderately attractive.
Positive Factors
Conservative Balance Sheet
Minimal leverage reduces financial risk and interest burden, while a substantial equity base provides resilience through cyclical construction demand and preserves flexibility to fund equipment, inventory, and after-sales operations.
Negative Factors
Revenue Contraction
A multi-year decline in revenue indicates weaker demand or reduced activity across the company’s end markets. Continued contraction could lower equipment volumes, reduce service opportunities, and limit operating leverage over the next several months.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Minimal leverage reduces financial risk and interest burden, while a substantial equity base provides resilience through cyclical construction demand and preserves flexibility to fund equipment, inventory, and after-sales operations.
Read all positive factors
Sin Heng Heavy Machinery Limited (BKA) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$67.52M
Dividend Yield1.67%
Average Volume (3M)8.00K
Price to Earnings (P/E)16.4
Beta (1Y)0.17
Revenue Growth-23.53%
EPS Growth-23.86%
CountrySG
Employees122
SectorIndustrials
Sector Strength72
IndustryAgricultural - Machinery
Share Statistics
EPS (TTM)0.04
Shares Outstanding113,413,000
10 Day Avg. Volume8,660
30 Day Avg. Volume8,000
Financial Highlights & Ratios
PEG Ratio-0.83
Price to Book (P/B)0.76
Price to Sales (P/S)1.76
P/FCF Ratio15.06
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
Sin Heng Heavy Machinery Limited Business Overview & Revenue Model
Company Description
Sin Heng Heavy Machinery Limited operates as a key provider of heavy lifting solutions, with its business activities spanning Singapore, Indonesia, Malaysia, Myanmar, Taiwan, Japan, and other global markets. The company's operations are segmented ...
Sin Heng Heavy Machinery Limited Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
86
Very Positive
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 38.20M | 44.10M | 50.28M | 66.23M | 51.57M | 53.73M |
| Gross Profit | 13.16M | 14.72M | 16.72M | 18.43M | 12.84M | 13.39M |
| EBITDA | 9.37M | 12.23M | 13.88M | 16.68M | 11.55M | 12.80M |
| Net Income | 3.99M | 5.11M | 6.27M | 8.00M | 3.65M | 3.77M |
Balance Sheet | ||||||
| Total Assets | 115.31M | 121.12M | 125.70M | 127.83M | 125.70M | 124.11M |
| Cash, Cash Equivalents and Short-Term Investments | 34.55M | 40.47M | 47.85M | 44.64M | 39.85M | 49.82M |
| Total Debt | 5.51M | 6.50M | 5.81M | 8.72M | 9.40M | 4.50M |
| Total Liabilities | 17.35M | 19.22M | 18.16M | 21.63M | 20.96M | 15.31M |
| Stockholders Equity | 97.96M | 101.91M | 107.54M | 106.20M | 104.74M | 108.80M |
Cash Flow | ||||||
| Free Cash Flow | 10.16M | 5.16M | 11.46M | 5.14M | -8.46M | 26.92M |
| Operating Cash Flow | 10.24M | 5.24M | 11.90M | 10.72M | -8.16M | 26.98M |
| Investing Cash Flow | -504.00K | -11.48M | -19.19M | 2.69M | 479.00K | -1.51M |
| Financing Cash Flow | -13.77M | -10.88M | -9.06M | -6.58M | -2.13M | -9.92M |
Sin Heng Heavy Machinery Limited Technical Analysis
Neutral
0.58
Price Trends
0.59
Positive
0.63
Negative
0.64
Negative
Market Momentum
<0.01
Negative
67.41
Neutral
93.75
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:BKA, the sentiment is Neutral. The current price of 0.58 is above the 20-day moving average (MA) of 0.56, below the 50-day MA of 0.59, and below the 200-day MA of 0.64, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 67.41 is Neutral, neither overbought nor oversold. The STOCH value of 93.75 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SG:BKA.
Sin Heng Heavy Machinery Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | S$504.38M | 11.62 | 16.98% | 1.10% | 25.71% | 175.44% | |
69 Neutral | S$393.67M | 3.57 | 41.27% | ― | 10.82% | 60.12% | |
65 Neutral | S$67.52M | 16.39 | 4.95% | 1.74% | -23.53% | -23.86% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
47 Neutral | S$59.91M | 25.37 | 1.31% | 1.57% | ― | ― |
* Industrials Sector Average
SG:BKA
Sin Heng Heavy Machinery Limited
0.60
-0.02
-2.91%
SG:5LY
Marco Polo Marine Ltd.
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JEP Holdings Ltd.
0.48
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84.62%
SG:BKX
Yongmao Holdings Limited
0.68
0.03
3.85%
SG:K75
Koh Brothers Group Limited
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SG:1MZ
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1.00
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40.14%
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.