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Ho Bee Land Limited
(SGX:H13)
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Rating:57Neutral
Price Target:
S$2.00
▼(-9.09% Downside)
Action:Reiterated
Date:10/16/26
The score is primarily driven by a mixed financial picture—stronger recent profitability and cash flow but capped by cyclical earnings volatility and low ROE. Technicals detract meaningfully due to a clear downtrend and negative MACD, while reasonable valuation (P/E ~12 and ~2.7% yield) provides partial support.
Positive Factors
Profitability recovery
The latest TTM results show a meaningful recovery in operating profitability, with a high net margin and substantial EBIT relative to revenue. This provides a stronger earnings base for the next several months and indicates that the property portfolio can generate significant profits when conditions are supportive.
Negative Factors
Cyclical earnings volatility
The sizeable 2023 net loss demonstrates that reported earnings can change materially across the property cycle. Sensitivity to valuation and revaluation effects makes profits less predictable than recent TTM results alone suggest, creating a durable risk to earnings stability over the coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability recovery
The latest TTM results show a meaningful recovery in operating profitability, with a high net margin and substantial EBIT relative to revenue. This provides a stronger earnings base for the next several months and indicates that the property portfolio can generate significant profits when conditions are supportive.
Read all positive factors
Ho Bee Land Limited (H13) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$1.25B
Dividend Yield2.65%
Average Volume (3M)90.14K
Price to Earnings (P/E)12.4
Beta (1Y)0.52
Revenue Growth5.35%
EPS Growth-32.58%
CountrySG
Employees250
SectorReal Estate
Sector Strength53
IndustryReal Estate - Diversified
Share Statistics
EPS (TTM)0.15
Shares Outstanding703,338,000
10 Day Avg. Volume160,300
30 Day Avg. Volume90,140
Financial Highlights & Ratios
PEG Ratio-1.25
Price to Book (P/B)0.39
Price to Sales (P/S)3.33
P/FCF Ratio9.01
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)0.17
Revenue Forecast (FY)S$448.00M
Ho Bee Land Limited Business Overview & Revenue Model
Company Description
Established in 1987, Ho Bee Land Limited operates as a real estate firm. Since its listing on the Singapore Exchange Mainboard in 1999, the company has expanded its presence internationally, with interests across Australia, China, the United Kingd...
How the Company Makes Money
Ho Bee Land Limited makes money primarily through its real estate activities. Key revenue streams typically include: (1) Property development income, where the company develops residential or commercial properties and recognizes revenue and profit...
Ho Bee Land Limited Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
62
Positive
Cash Flow
57
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 499.56M | 440.05M | 528.04M | 444.87M | 435.62M | 347.69M |
| Gross Profit | 499.56M | 261.46M | 288.14M | 284.51M | 289.18M | 225.03M |
| EBITDA | 1.40M | 257.48M | 313.01M | -49.70M | 270.41M | 400.38M |
| Net Income | 101.52M | 100.20M | 109.56M | -259.85M | 165.88M | 330.51M |
Balance Sheet | ||||||
| Total Assets | 6.58B | 6.55B | 6.58B | 6.98B | 7.60B | 6.74B |
| Cash, Cash Equivalents and Short-Term Investments | 223.70M | 253.26M | 183.12M | 175.20M | 344.77M | 123.42M |
| Total Debt | 2.52B | 2.53B | 2.62B | 3.06B | 3.42B | 2.55B |
| Total Liabilities | 2.77B | 2.77B | 2.88B | 3.37B | 3.67B | 2.79B |
| Stockholders Equity | 3.80B | 3.77B | 3.69B | 3.60B | 3.92B | 3.93B |
Cash Flow | ||||||
| Free Cash Flow | 238.54M | 162.84M | 254.24M | 150.44M | 46.95M | 51.84M |
| Operating Cash Flow | 238.54M | 177.11M | 278.86M | 319.10M | 57.09M | 54.16M |
| Investing Cash Flow | -48.53M | 140.18M | 116.96M | 204.32M | -890.97M | -41.65M |
| Financing Cash Flow | -111.36M | -274.16M | -385.65M | -681.86M | 1.05B | -8.06M |
Ho Bee Land Limited Technical Analysis
Negative
2.20
Price Trends
2.00
Negative
2.03
Negative
2.10
Negative
Market Momentum
-0.03
Positive
41.87
Neutral
22.22
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:H13, the sentiment is Negative. The current price of 2.2 is above the 20-day moving average (MA) of 1.95, above the 50-day MA of 2.00, and above the 200-day MA of 2.10, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 41.87 is Neutral, neither overbought nor oversold. The STOCH value of 22.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:H13.
Ho Bee Land Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | S$6.56B | 12.54 | 4.44% | 2.33% | 1.56% | 21.82% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
60 Neutral | S$2.40B | 29.35 | 2.03% | 3.67% | -24.16% | -12.68% | |
59 Neutral | S$6.35B | 7.65 | 8.76% | 4.36% | 36.24% | 326.79% | |
57 Neutral | S$1.25B | 12.37 | 2.68% | 2.65% | 5.35% | -32.58% | |
54 Neutral | S$1.09B | 46.39 | 0.80% | 2.74% | 168.17% | ― | |
50 Neutral | S$609.43M | -1.79 | -12.74% | 2.27% | 1.25% | -179.12% |
* Real Estate Sector Average
SG:H13
Ho Bee Land Limited
1.88
-0.32
-14.43%
SG:C09
City Developments
7.00
-0.03
-0.46%
SG:U14
UOL Group
7.77
-0.26
-3.20%
SG:F17
GuocoLand Limited
2.13
0.11
5.39%
SG:LJ3
OUE Ltd.
0.87
-0.35
-28.45%
SG:W05
Wing Tai Holdings Limited
1.43
0.02
1.42%
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.