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Hong Lai Huat Group Limited (CTO) AI Stock Analysis

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SG:CTO

Hong Lai Huat Group Limited

(SGX:CTO)

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Rating:58Neutral
Price Target:SGD 0.06â–²(3.33% Upside)
Action:reiterated
Date:08/17/26

Overall score reflects a strong, low-leverage balance sheet and inexpensive valuation (low P/E), offset by weak operating profitability and persistently negative operating/free cash flow. Technical signals are mixed, with a slightly negative MACD and the stock trading below most key moving averages.

Positive Factors
Very low leverageExtremely low leverage gives Hong Lai Huat substantial financial flexibility and reduces the burden of interest and refinancing obligations. This strengthens its ability to withstand property-cycle volatility and preserve capacity for project funding or other capital needs.
Negative Factors
Negative operating cash flowNegative operating and free cash flow limits the company’s ability to fund development and construction activity from internally generated cash. Continued outflows can increase reliance on its balance sheet and make project timing, working-capital management, and funding discipline more important.

Hong Lai Huat Group Limited (CTO) vs. iShares MSCI Singapore ETF (EWS)

-25%0%25%50%75%100%125%SG:CTO+25.00%EWS+12.23%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
SGD 28.76M
Dividend Yield
―
Average Volume (3M)
615.53K
Price to Earnings (P/E)
1.8
Beta (1Y)
0.44
Revenue Growth
―
EPS Growth
―
Country
Singapore
Employees
7
Sector
Real Estate
Sector Strength
65
Industry
Real Estate - Development

Hong Lai Huat Group Limited Business Overview & Revenue Model

Company Description

Hong Lai Huat Group Limited, a Singapore-headquartered investment holding firm, specializes in real estate and property development within Singapore and Cambodia. The company's activities involve both investing in and constructing a diverse range of...

How the Company Makes Money

The company primarily makes money through (1) property development income and (2) construction-related revenue, with additional contributions from property investment activities. 1) Property development (real estate sales): - Revenue is recognized fr...

Hong Lai Huat Group Limited Financial Statement Overview

Summary

Balance sheet strength (very low leverage; debt-to-equity ~0.003) and improved TTM revenue/gross margin support resilience, but operating performance remains weak (negative EBIT/EBITDA) and cash generation is poor (negative operating cash flow and free cash flow), with profits partly supported by non-operating items.

Income Statement

46Neutral

Balance Sheet

83Very Positive

Cash Flow

28Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue3.70M2.78M102.00K-184.00K1.64M16.73M
Gross Profit2.19M933.00K15.00K-103.00K677.00K10.24M
EBITDA-3.17M-5.71M-4.60M-4.35M-10.93M7.31M
Net Income17.25M14.68M-12.93M-23.21M-12.05M3.48M
Balance Sheet
Total Assets115.33M117.16M110.59M133.35M156.11M171.82M
Cash, Cash Equivalents and Short-Term Investments19.70M21.60M27.48M3.98M11.63M26.17M
Total Debt311.00K356.00K1.08M11.92M5.54M6.04M
Total Liabilities2.17M2.48M5.71M22.06M21.08M23.15M
Stockholders Equity113.21M114.81M105.09M111.28M135.03M148.68M
Cash Flow
Free Cash Flow-2.45M-4.81M-5.82M-6.03M1.28M7.86M
Operating Cash Flow-2.26M-4.58M-5.16M-5.64M1.86M9.09M
Investing Cash Flow5.76M1.73M39.50M-7.05M-14.38M-1.17M
Financing Cash Flow-3.98M-1.77M-8.61M4.51M-3.31M8.42M

Hong Lai Huat Group Limited Technical Analysis

Technical Analysis SentimentNegative
Last Price0.06

Price Trends

50DMA0.07Negative
100DMA0.07Negative
200DMA0.08Negative

Market Momentum

MACD-0.00Negative
RSI21.95Positive
STOCH75.00Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:CTO, the sentiment is Negative. The current price of 0.06 is below the 20-day moving average (MA) of 0.06, below the 50-day MA of 0.07, and below the 200-day MA of 0.08, indicating a bearish trend. The MACD of -0.00 indicates Negative momentum. The RSI at 21.95 is Positive, neither overbought nor oversold. The STOCH value of 75.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:CTO.

Hong Lai Huat Group Limited Peers Comparison

Overall Rating

UnderperformOutperform
Sector (65)

Financial Indicators

SG:CTO against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *65Neutral$2.17B12.193.79%4.94%3.15%1.96%
SG:CTOSG:CTO58NeutralSGD 29.01M1.8015.13%―――
SG:5UXSG:5UX43NeutralSGD 309.11M-6.10-6.17%―-47.76%-721.43%

* Real Estate Sector Average

Performance Comparison

0%50%100%SG:CTOSG:5UXSG:5I1SG:5PCDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
SG:CTO and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
SG:CTOHong Lai Huat Group Limited0.060.0122.45%
SG:5UXOxley Holdings Ltd.0.07-0.03-27.27%
SG:5I1KOP Limited0.04-0.00-10.64%
SG:5PCGoodland Group Ltd.0.10-0.02-15.32%

Hong Lai Huat Group Limited Corporate Events

Hong Lai Huat Sets Up New Subsidiary to Drive Singapore Real Estate Investments

Oct 28, 2026

Hong Lai Huat Group Limited has incorporated a new wholly owned subsidiary in Singapore, Huat Assets Management Pte. Ltd., as part of a push to expand its real estate investment footprint. The vehicle will focus on identifying and pursuing opportunit...

Hong Lai Huat Sets Up Resources Unit to Drive Cambodian Expansion

Oct 5, 2026

Hong Lai Huat Group Limited has incorporated Hong Lai Huat Global Resources Company Limited as a dedicated platform to consolidate and develop its natural resources business in Cambodia, anchored by its existing marble mining operations. The new subs...

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.

Date of analysis: Aug 17, 2026