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KSH Holdings Limited
(SGX:ER0)
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Rating:61Neutral
Price Target:
S$0.27
▼(-14.37% Downside)
Action:Reiterated
Date:10/17/26
The score is driven primarily by improving financial quality (return to profitability, stronger recent cash generation, and materially lower leverage). Offsetting this, the multi-year revenue decline is a key fundamental risk, and technical signals remain bearish with the stock trading below all major moving averages and a negative MACD. Valuation is supported by a solid dividend yield but tempered by a mid-range P/E.
Positive Factors
Return to profitability
The return to positive net income indicates that execution and cost control improved after two loss-making years. If maintained, renewed profitability can strengthen internal funding capacity and provide a more durable earnings base despite the company’s cyclical construction exposure.
Negative Factors
Multi-year revenue contraction
Several consecutive years of declining revenue point to a weakening top-line base rather than a single-period fluctuation. Continued contraction could reduce operating scale, limit earnings growth, and raise questions about demand, backlog conversion, and the durability of the recent profit recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Return to profitability
The return to positive net income indicates that execution and cost control improved after two loss-making years. If maintained, renewed profitability can strengthen internal funding capacity and provide a more durable earnings base despite the company’s cyclical construction exposure.
Read all positive factors
KSH Holdings Limited (ER0) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$154.93M
Dividend Yield5.45%
Average Volume (3M)170.21K
Price to Earnings (P/E)22.9
Beta (1Y)0.75
Revenue Growth-17.98%
EPS GrowthN/A
CountrySG
Employees25
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.01
Shares Outstanding569,735,660
10 Day Avg. Volume395,020
30 Day Avg. Volume170,213
Financial Highlights & Ratios
PEG Ratio-0.13
Price to Book (P/B)0.66
Price to Sales (P/S)1.27
P/FCF Ratio5.64
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
KSH Holdings Limited Business Overview & Revenue Model
Company Description
KSH Holdings Limited, together with its subsidiaries, engages in the construction business in Singapore and the People’s Republic of China. It operates through Construction, Property Development and Investment, and Others segments. The company ope...
How the Company Makes Money
KSH Holdings makes money primarily through two business segments: (1) Construction: The group earns revenue by delivering construction projects (e.g., building and civil engineering works) under contracts awarded by customers. Revenue is generally...
KSH Holdings Limited Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
70
Positive
Cash Flow
74
Positive
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 149.90M | 182.76M | 214.07M | 297.99M | 240.32M |
| Gross Profit | 19.70M | 19.10M | -16.48M | 19.92M | 15.98M |
| EBITDA | 13.68M | -2.06M | -28.52M | 10.94M | 715.00K |
| Net Income | 6.83M | -5.94M | -31.04M | 22.11M | 24.16M |
Balance Sheet | |||||
| Total Assets | 545.49M | 513.66M | 577.41M | 709.17M | 622.61M |
| Cash, Cash Equivalents and Short-Term Investments | 152.98M | 127.63M | 93.15M | 80.50M | 94.15M |
| Total Debt | 109.14M | 70.06M | 151.92M | 209.80M | 124.52M |
| Total Liabilities | 239.58M | 215.77M | 259.96M | 345.44M | 262.38M |
| Stockholders Equity | 287.24M | 278.05M | 293.83M | 338.16M | 336.32M |
Cash Flow | |||||
| Free Cash Flow | 33.86M | 27.92M | -14.43M | -38.80M | 45.49M |
| Operating Cash Flow | 34.32M | 29.04M | -14.31M | -38.16M | 45.91M |
| Investing Cash Flow | -52.76M | 40.73M | 99.18M | -52.20M | 16.54M |
| Financing Cash Flow | 40.42M | -76.75M | -63.55M | 68.32M | -37.49M |
KSH Holdings Limited Technical Analysis
Negative
0.32
Price Trends
0.29
Negative
0.30
Negative
0.32
Negative
Market Momentum
>-0.01
Negative
44.44
Neutral
58.10
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:ER0, the sentiment is Negative. The current price of 0.32 is above the 20-day moving average (MA) of 0.27, above the 50-day MA of 0.29, and above the 200-day MA of 0.32, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 44.44 is Neutral, neither overbought nor oversold. The STOCH value of 58.10 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:ER0.
KSH Holdings Limited Peers Comparison
UnderperformOutperform
Sector (63)
SG:ER0
KSH Holdings Limited
0.28
-0.12
-29.67%
SG:5TT
Keong Hong Holdings Limited
0.11
-0.06
-37.06%
SG:BFI
Tiong Seng Holdings Limited
0.06
-0.02
-27.59%
SG:J2T
Hock Lian Seng Holdings Limited
0.26
-0.19
-42.95%
SG:K75
Koh Brothers Group Limited
0.20
-0.10
-32.76%
SG:L19
Lum Chang Holdings Limited
0.56
0.12
26.41%
KSH Holdings Limited Corporate Events
KSH Holdings Wins Shareholder Backing for Dividend, Board Mandates at 20th AGM
Aug 28, 2026
KSH Holdings Limited held its 20th Annual General Meeting in Singapore, where shareholders approved the audited financial statements for the year ended 31 March 2026 and endorsed a final one-tier tax-exempt cash dividend of 1.00 Singapore cent per...
KSH Holdings outlines order book strength, revenue pipeline and industrial expansion ahead of AGM
Jul 24, 2026
KSH Holdings addressed shareholder questions ahead of its 31 July 2026 AGM, highlighting a construction order book of S$965 million and working capital needs that are expected to rise as projects progress. Management emphasized that its cash and f...
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.