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Wee Hur Holdings Ltd.
(SGX:E3B)
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Rating:71Outperform
Price Target:
S$0.67
▼(-8.92% Downside)
Action:Reiterated
Date:10/29/26
The score is driven primarily by strong recent financial performance (robust growth and healthy margins) and attractive valuation (low P/E with a dividend). These positives are partially offset by mixed technicals (below key longer-term moving averages and negative MACD) and balance sheet/cash-flow variability risks (rising debt vs 2024 and uneven cash conversion).
Positive Factors
Strong Revenue and Profitability
The combination of sharp top-line growth and healthy gross, operating, and net margins indicates strong recent operating performance. If project activity remains supportive, this profitability provides resources for reinvestment and improves the company’s ability to absorb normal cost or execution pressures.
Negative Factors
Rising Debt and Leverage
The recent debt increase and higher leverage reduce financial flexibility compared with the 2024 position. Greater borrowing can make results more sensitive to construction-cycle weakness and places more importance on maintaining project profitability and sufficient cash generation over the coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue and Profitability
The combination of sharp top-line growth and healthy gross, operating, and net margins indicates strong recent operating performance. If project activity remains supportive, this profitability provides resources for reinvestment and improves the company’s ability to absorb normal cost or execution pressures.
Read all positive factors
Wee Hur Holdings Ltd. (E3B) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$546.95M
Dividend Yield2.52%
Average Volume (3M)1.12M
Price to Earnings (P/E)7.3
Beta (1Y)1.48
Revenue Growth22.37%
EPS Growth186.90%
CountrySG
Employees217
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.08
Shares Outstanding935,916,100
10 Day Avg. Volume1,311,960
30 Day Avg. Volume1,123,833
Financial Highlights & Ratios
PEG Ratio0.38
Price to Book (P/B)1.06
Price to Sales (P/S)2.32
P/FCF Ratio1.94
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
S$0.98Price Target Upside31.98% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)0.08
Revenue Forecast (FY)S$342.20M
Wee Hur Holdings Ltd. Business Overview & Revenue Model
Company Description
Founded in Singapore in 1980, Wee Hur Holdings Ltd. operates as an investment holding company with diverse operations across Singapore and Australia. Its multifaceted business is structured into eight core segments: Building Construction, Workers'...
How the Company Makes Money
Wee Hur Holdings generates revenue primarily through (1) real estate-related income and (2) construction/project-related income. In real estate, the company earns money from property development by selling completed residential or commercial units...
Wee Hur Holdings Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
72
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 303.03M | 295.44M | 200.79M | 224.84M | 215.89M | 188.62M |
| Gross Profit | 121.07M | 133.92M | 77.99M | 53.60M | 25.36M | 5.59M |
| EBITDA | 80.27M | 94.85M | 49.09M | 175.88M | -20.61M | -18.19M |
| Net Income | 75.05M | 68.43M | 54.03M | 98.57M | 67.92M | 662.00K |
Balance Sheet | ||||||
| Total Assets | 1.21B | 1.22B | 1.03B | 973.77M | 1.39B | 1.37B |
| Cash, Cash Equivalents and Short-Term Investments | 236.42M | 253.70M | 101.85M | 107.57M | 38.77M | 55.19M |
| Total Debt | 395.86M | 389.67M | 215.69M | 221.08M | 115.85M | 624.15M |
| Total Liabilities | 539.34M | 579.20M | 369.76M | 344.93M | 688.79M | 758.04M |
| Stockholders Equity | 687.49M | 648.36M | 653.49M | 606.14M | 490.04M | 449.09M |
Cash Flow | ||||||
| Free Cash Flow | 169.75M | 353.68M | 79.73M | 83.66M | 41.77M | 10.05M |
| Operating Cash Flow | 171.69M | 354.92M | 80.60M | 84.76M | 42.15M | 10.74M |
| Investing Cash Flow | -296.18M | -310.56M | -84.98M | -28.68M | -18.59M | -116.54M |
| Financing Cash Flow | 114.19M | 103.81M | 7.46M | -2.21M | -29.57M | 102.92M |
Wee Hur Holdings Ltd. Technical Analysis
Neutral
0.74
Price Trends
0.62
Negative
0.64
Negative
0.69
Negative
Market Momentum
>-0.01
Negative
49.23
Neutral
66.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:E3B, the sentiment is Neutral. The current price of 0.74 is above the 20-day moving average (MA) of 0.59, above the 50-day MA of 0.62, and above the 200-day MA of 0.69, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 49.23 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SG:E3B.
Wee Hur Holdings Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | S$546.95M | 7.29 | 11.24% | 2.52% | 22.37% | 186.90% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | S$138.27M | 8.11 | 5.90% | 4.17% | -28.51% | -325.38% | |
61 Neutral | S$149.30M | 22.08 | 2.37% | 5.66% | -17.98% | ― |
* Industrials Sector Average
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Wee Hur Holdings Ltd. Corporate Events
Wee Hur Extends Tuas Dormitory Lease, Bolstering Recurring Income
Oct 27, 2026
Wee Hur Holdings has secured a 2-year-8-month extension of the land lease for its 15,744-bed Tuas View Dormitory from JTC Corporation, stretching the tenure to 30 June 2029. Tuas View, held via a joint venture in which Wee Hur owns a 60% effective...
Wee Hur and BE Education name founding head for new Wycombe Abbey School in Singapore
Oct 23, 2026
Wee Hur Holdings and BE Education have appointed Craig Considine, currently Chief Executive Officer of Tanglin Trust School, as the founding head of Wycombe Abbey School (Singapore), a new co-educational day school slated to open fully in Septembe...
Wee Hur Secures Sydney Site Option for 471-Bed Student Housing Project
Oct 20, 2026
Wee Hur Holdings has secured an unconditional option to acquire a 2,744 sq m site on Nicholson Street in Wollstonecraft, Sydney, to develop a 12-storey, 471-bed purpose-built student accommodation project. Located within the New South Wales govern...
Wee Hur Wins 1,398-Bed NTU Student Housing Deal, Enters Singapore PBSA Market
Oct 16, 2026
Wee Hur Holdings is deepening its footprint in purpose-built student accommodation with a new 1,398-bed project on Nanyang Technological University’s Yunnan Campus. The facility, which will be branded under the Group’s Y Suites platfor...
Wee Hur launches sustainability financing framework with ‘Good’ rating from Sustainable Fitch
Oct 14, 2026
Wee Hur Holdings has introduced its inaugural Sustainability Financing Framework, enabling the group to raise green, social, or sustainability-linked bonds and loans under defined eligibility, governance, and reporting criteria as part of its capi...
Wee Hur Wins ‘Good’ Rating for New Sustainability Financing Framework
Oct 14, 2026
Sustainable Fitch has issued a Second-Party Opinion on Wee Hur Holdings Ltd.’s sustainability financing framework, rating its alignment with leading green, social and sustainability bond and loan principles as “Good.” The framewo...
Wee Hur Builds Earnings and Recurring Income on Construction and Lodging Growth
Aug 14, 2026
Wee Hur Holdings posted a 17.1% rise in attributable net profit to S$45.3 million for the first half of 2026, with revenue up 4.9% to S$163.6 million and a stronger underlying performance once last year’s one-off Fund I fee is excluded. Grow...
Wee Hur Delivers Strong 1H 2026 Results on Construction and Dormitory Growth
Aug 14, 2026
Wee Hur Holdings reported a 17% rise in net profit to S$45.3 million for the first half of 2026, as group revenue increased 5% year-on-year to S$163.6 million on stronger construction and workers’ dormitory performance. The group’s gro...
Wee Hur donates S$1.5m to SUTD to boost student innovation and entrepreneurship
Aug 6, 2026
Wee Hur Holdings Ltd, a diversified Singapore-based property and construction group with operations in workers’ dormitories, purpose-built student accommodation and fund management, continues to build on its reputation for disciplined, long-...
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.