Hong Fok Corporation Limited (H30) AI Stock Analysis

Hong Fok Corporation Limited

(SGX:H30)

Select Model

Rating:62Neutral

Price Target:SGD 1.00▲(4.71% Upside)

Action:reiterated

Date:08/18/26

The overall score reflects a stable financial profile with strong margins, conservative leverage, and positive cash flows but constrained by volatile performance and low recent returns on equity. Technicals are mildly weak, with the price below key short- and medium-term averages and momentum indicators pointing to subdued demand rather than a clear downtrend. Valuation appears broadly fair, with a mid-teens to high-teens earnings multiple and a modest dividend yield offering some income but limited valuation-driven upside.

Positive Factors

Conservative leverageDebt at roughly 0.30x equity across the TTM and recent years indicates a conservative capital structure. This should provide Hong Fok with greater resilience through property-market weakness and preserve financial flexibility for asset investment, development activity, and debt servicing.

Negative Factors

Uneven revenue trendTwo consecutive annual revenue declines before the latest modest recovery indicate that Hong Fok lacks a clean, dependable growth trajectory. This uneven top-line performance can make development timing and asset-level earnings less predictable over the next several reporting periods.

Hong Fok Corporation Limited (H30) vs. iShares MSCI Singapore ETF (EWS)

Market Cap: SGD 750.65M
Dividend Yield: 1.05%
Average Volume (3M): 503.44K
Price to Earnings (P/E): 19.8
Beta (1Y): 0.73
Revenue Growth: -0.88%
EPS Growth: 20.85%
Country: Singapore
Employees: 81
Sector: Real Estate
Sector Strength: 65
Industry: Real Estate - Services

Hong Fok Corporation Limited Business Overview & Revenue Model

Company Description

Hong Fok Corporation Limited operates as an investment holding company, with core activities centered on the acquisition, building, expansion, and administration of real estate holdings across Singapore and Hong Kong. The firm develops residential an...

How the Company Makes Money

Revenue and profit are primarily generated through a mix of (1) property development—selling developed residential and/or commercial units and recognizing development profits when projects are completed and sold; (2) property investment—earning recur...

Hong Fok Corporation Limited Financial Statement Overview

Summary

Solid margins, conservative leverage, and consistently positive cash flows support financial strength, but volatile revenue, cash flow swings, and weak recent returns on equity limit the score.

Income Statement

63Positive

Balance Sheet

72Positive

Cash Flow

68Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	106.26M	99.05M	104.32M	110.60M	153.92M	90.50M
Gross Profit	106.26M	69.75M	83.35M	78.44M	98.47M	57.67M
EBITDA	3.79M	61.45M	37.23M	136.63M	265.47M	67.58M
Net Income	30.67M	28.50M	23.74M	88.07M	220.10M	38.91M
Balance Sheet
Total Assets	3.66B	3.67B	3.65B	3.67B	3.58B	3.47B
Cash, Cash Equivalents and Short-Term Investments	48.78M	57.15M	45.08M	80.19M	51.71M	69.94M
Total Debt	678.94M	686.26M	659.58M	712.88M	700.94M	766.09M
Total Liabilities	747.65M	747.60M	719.72M	771.50M	761.37M	850.13M
Stockholders Equity	2.31B	2.32B	2.32B	2.29B	2.21B	2.00B
Cash Flow
Free Cash Flow	59.48M	28.42M	48.38M	53.57M	101.00M	48.65M
Operating Cash Flow	59.48M	28.99M	50.07M	54.51M	101.51M	49.33M
Investing Cash Flow	-3.24M	-44.33M	6.69M	6.22M	7.61M	-1.25M
Financing Cash Flow	-55.59M	14.98M	-89.00M	-28.74M	-125.09M	-41.57M

Hong Fok Corporation Limited Technical Analysis

Technical Analysis SentimentPositive

Last Price0.95

Price Trends

50DMA0.91Positive

100DMA0.91Positive

200DMA0.91Positive

Market Momentum

MACD0.01Negative

RSI57.60Neutral

STOCH89.71Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:H30, the sentiment is Positive. The current price of 0.95 is above the 20-day moving average (MA) of 0.94, above the 50-day MA of 0.91, and above the 200-day MA of 0.91, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 57.60 is Neutral, neither overbought nor oversold. The STOCH value of 89.71 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:H30.

Hong Fok Corporation Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (65)

Financial Indicators

SG:H30 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SG:5AE	69Neutral	SGD 63.47M	11.50	2.75%	―	8.93%	―
SG:5IC	69Neutral	SGD 182.95M	1.30	30.64%	10.96%	3412.03%	1089.66%
Sector *	65Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
SG:O10	65Neutral	SGD 472.30M	10.21	3.27%	9.37%	117.73%	-23.82%
SG:H30	62Neutral	SGD 790.65M	19.81	1.32%	1.05%	-0.88%	20.85%
SG:9CI	59Neutral	SGD 11.97B	43.16	2.21%	5.00%	-15.36%	-57.57%
SG:5JK	47Neutral	SGD 249.40M	5.92	5.59%	2.36%	7.49%	283.69%

* Real Estate Sector Average

Performance Comparison

SG:H30 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
SG:H30	Hong Fok Corporation Limited	0.95	0.20	26.16%
SG:O10	Far East Orchard Ltd.	0.96	-0.26	-21.31%
SG:5AE	Pollux Properties Ltd.	0.02	-0.01	-17.86%
SG:5IC	Sing Holdings Ltd.	0.36	0.01	2.53%
SG:5JK	Hiap Hoe Ltd.	0.53	0.00	0.19%
SG:9CI	CapitaLand Investment Limited	2.40	-0.15	-5.70%

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 18, 2026

Hong Fok Corporation Limited AI Stock Analysis