Want to see SG:BQM full AI Analyst Report?
Top Page
Tiong Woon Corporation Holding Ltd
(SGX:BQM)
Select Model
Select Model
Rating:64Neutral
Price Target:
S$1.00
▲(28.21% Upside)
Action:Downgraded
Date:08/30/26
The score is driven primarily by improving fundamentals (growth, margins, and moderate leverage), tempered by inconsistent cash conversion. Technical indicators are the biggest near-term drag (price below key moving averages with negative MACD), while valuation is supportive but not enough to overcome weak momentum.
Positive Factors
Steady Revenue and Earnings Growth
Sustained revenue expansion and faster earnings growth indicate improving demand and operating execution. For a project-based heavy-lift provider, this supports stronger fleet utilization and a larger earnings base over the next several quarters.
Negative Factors
Inconsistent Cash Conversion
Uneven conversion of accounting earnings into cash may reflect working-capital swings, project timing, or reinvestment needs. This can constrain debt reduction and equipment spending, making reported profit less reliable as a measure of financial capacity.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady Revenue and Earnings Growth
Sustained revenue expansion and faster earnings growth indicate improving demand and operating execution. For a project-based heavy-lift provider, this supports stronger fleet utilization and a larger earnings base over the next several quarters.
Read all positive factors
Tiong Woon Corporation Holding Ltd (BQM) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$227.59M
Dividend Yield1.79%
Average Volume (3M)66.59K
Price to Earnings (P/E)9.5
Beta (1Y)0.56
Revenue Growth14.77%
EPS Growth24.37%
CountrySG
Employees1,320
SectorIndustrials
Sector Strength72
IndustryRental & Leasing Services
Share Statistics
EPS (TTM)0.10
Shares Outstanding232,235,240
10 Day Avg. Volume51,920
30 Day Avg. Volume66,586
Financial Highlights & Ratios
PEG Ratio0.49
Price to Book (P/B)0.69
Price to Sales (P/S)1.26
P/FCF Ratio5.77
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
S$1.33Price Target Upside70.51% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.13
Revenue Forecast (FY)S$212.80M
Tiong Woon Corporation Holding Ltd Business Overview & Revenue Model
Company Description
Tiong Woon Corporation Holding Ltd operates as an investment holding entity, delivering integrated solutions tailored for the oil and gas, petrochemical, infrastructure, and construction sectors. Its diverse operations are organized into three pri...
How the Company Makes Money
Tiong Woon makes money primarily by delivering heavy lift and heavy transport services on a project and contract basis. Its core revenue streams are (1) crane and lifting services, where it earns service fees from planning and executing lifts usin...
Tiong Woon Corporation Holding Ltd Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
63
Positive
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 187.68M | 163.52M | 143.13M | 135.81M | 122.59M |
| Gross Profit | 76.45M | 61.44M | 58.98M | 54.15M | 49.34M |
| EBITDA | 111.32M | 63.27M | 60.30M | 56.30M | 51.05M |
| Net Income | 23.90M | 19.22M | 18.21M | 15.70M | 11.39M |
Balance Sheet | |||||
| Total Assets | 568.96M | 532.32M | 519.06M | 491.51M | 476.26M |
| Cash, Cash Equivalents and Short-Term Investments | 86.99M | 64.83M | 81.30M | 75.69M | 56.19M |
| Total Debt | 118.93M | 111.78M | 92.81M | 99.25M | 116.27M |
| Total Liabilities | 227.32M | 210.01M | 209.70M | 198.22M | 195.36M |
| Stockholders Equity | 341.63M | 322.29M | 309.35M | 293.36M | 280.92M |
Cash Flow | |||||
| Free Cash Flow | 40.99M | 6.28M | 13.73M | 39.93M | 23.75M |
| Operating Cash Flow | 64.79M | 51.45M | 39.52M | 43.52M | 36.96M |
| Investing Cash Flow | -18.91M | -34.43M | -9.98M | 5.33M | -9.78M |
| Financing Cash Flow | -23.59M | -33.38M | -24.53M | -29.22M | -17.00M |
Tiong Woon Corporation Holding Ltd Technical Analysis
Negative
0.78
Price Trends
1.02
Negative
1.04
Negative
0.97
Positive
Market Momentum
-0.02
Negative
45.98
Neutral
45.70
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:BQM, the sentiment is Negative. The current price of 0.78 is below the 20-day moving average (MA) of 0.98, below the 50-day MA of 1.02, and below the 200-day MA of 0.97, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 45.98 is Neutral, neither overbought nor oversold. The STOCH value of 45.70 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:BQM.
Tiong Woon Corporation Holding Ltd Peers Comparison
UnderperformOutperform
Sector (63)
SG:BQM
Tiong Woon Corporation Holding Ltd
0.98
0.20
25.64%
SG:G0I
Nam Lee Pressed Metal Industries Limited
0.57
0.10
20.25%
SG:ER0
KSH Holdings Limited
0.31
-0.10
-23.94%
SG:ZB9
Union Steel Holdings Limited
0.48
-0.09
-16.67%
SG:BQF
XMH Holdings Ltd.
0.50
0.11
27.74%
SG:K75
Koh Brothers Group Limited
0.24
-0.08
-26.10%
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.