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Pan Hong Holdings Group Limited (P36) AI Stock Analysis

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SG:P36

Pan Hong Holdings Group Limited

(SGX:P36)

Select Model
Rating:48Neutral
Price Target:SGD 0.04â–²(0.00% Upside)
Action:reiterated
Date:09/22/26

The score is held back primarily by weak financial performance, driven by the latest year’s large losses and negative operating/free cash flow. Technicals are a partial offset with the price above major moving averages and a positive MACD, though overbought RSI adds risk. Valuation is middling because the negative P/E reflects loss-making results and dividend support is not available in the provided data.

Positive Factors
Moderate LeverageRelatively moderate leverage gives Pan Hong more flexibility than a highly indebted developer to manage project timing and absorb operating volatility. It can preserve funding capacity for property activities and reduce balance-sheet pressure while management works through the latest loss-making period.
Negative Factors
Severe Profitability DeteriorationThe shift from positive earnings in FY2024–FY2025 to large FY2026 losses weakens confidence in the group's earning power. Strongly negative gross, operating and net margins suggest project economics or valuation-related outcomes are not currently supporting sustainable profitability, making recovery dependent on meaningful operational improvement.

Pan Hong Holdings Group Limited (P36) vs. iShares MSCI Singapore ETF (EWS)

-60%-40%-20%0%20%40%SG:P36-46.15%EWS+12.23%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
SGD 17.93M
Dividend Yield
―
Average Volume (3M)
60.38K
Price to Earnings (P/E)
-0.4
Beta (1Y)
1.48
Revenue Growth
-46.16%
EPS Growth
-1465.67%
Country
Singapore
Employees
41
Sector
Real Estate
Sector Strength
65
Industry
Real Estate - Development

Pan Hong Holdings Group Limited Business Overview & Revenue Model

Company Description

Pan Hong Holdings Group Limited operates as an investment holding company, primarily focusing on the development of residential and commercial real estate within the People's Republic of China. Beyond property construction, the firm provides investme...

How the Company Makes Money

Pan Hong Holdings Group Limited makes money mainly through its property businesses. Its revenue model typically combines: (1) Property development: income generated from the development and sale of properties, where revenue is recognized when qualify...

Pan Hong Holdings Group Limited Financial Statement Overview

Summary

Overall fundamentals are pressured by a sharp swing to heavy losses and negative margins (income statement weakness) alongside a return to negative operating and free cash flow (cash flow weakness). The balance sheet appears only moderately levered, but declining assets/equity and a strongly negative ROE in the latest year elevate financial risk.

Income Statement

27Negative

Balance Sheet

58Neutral

Cash Flow

22Negative
Financial statement breakdown
BreakdownTTMMar 2025Mar 2024Mar 2023Mar 2022Mar 2021
Income Statement
Total Revenue182.58M179.24M319.97M349.08M31.05M314.72M
Gross Profit-85.44M-211.21M67.22M102.62M14.80M108.90M
EBITDA-111.23M-250.15M36.20M69.57M-4.60M114.76M
Net Income-118.01M-255.18M18.66M31.06M-6.33M69.32M
Balance Sheet
Total Assets1.47B1.47B1.94B2.19B2.29B1.83B
Cash, Cash Equivalents and Short-Term Investments13.62M13.62M29.52M93.12M212.28M28.35M
Total Debt106.06M106.06M118.22M102.77M315.61M302.52M
Total Liabilities668.04M668.04M876.16M1.14B1.28B807.11M
Stockholders Equity783.30M783.30M1.04B1.02B994.54M1.00B
Cash Flow
Free Cash Flow-24.90M-28.36M3.22M193.90M25.60M-695.95M
Operating Cash Flow-24.70M-28.04M4.34M194.01M26.60M-693.34M
Investing Cash Flow9.93M19.60M745.00K-116.00K-1.00M18.77M
Financing Cash Flow2.14M-7.28M10.64M-221.23M-9.72M329.99M

Pan Hong Holdings Group Limited Technical Analysis

Technical Analysis SentimentNeutral
Last Price0.04

Price Trends

50DMA0.04Positive
100DMA0.04Positive
200DMA0.05Negative

Market Momentum

MACD0.00Negative
RSI54.95Neutral
STOCH171.43Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:P36, the sentiment is Neutral. The current price of 0.04 is below the 20-day moving average (MA) of 0.04, below the 50-day MA of 0.04, and below the 200-day MA of 0.05, indicating a neutral trend. The MACD of 0.00 indicates Negative momentum. The RSI at 54.95 is Neutral, neither overbought nor oversold. The STOCH value of 171.43 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SG:P36.

Pan Hong Holdings Group Limited Peers Comparison

Overall Rating

UnderperformOutperform
Sector (65)

Financial Indicators

SG:P36 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:CTO54NeutralSGD 29.01M1.8015.13%―――
SG:P36SG:P3648NeutralSGD 17.93M-0.37-27.77%―-46.16%-1465.67%

* Real Estate Sector Average

Performance Comparison

-50%0%50%100%SG:P36SG:1C0SG:1F3SG:CTOSG:PA3Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
SG:P36 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
SG:P36Pan Hong Holdings Group Limited0.04-0.02-41.67%
SG:1C0Emerging Towns & Cities Singapore Ltd0.01-0.02-70.59%
SG:1F3Aspen (Group) Holdings Ltd.0.02-0.02-55.81%
SG:CTOHong Lai Huat Group Limited0.060.0122.45%
SG:PA3TA Corporation Ltd.0.080.016.85%
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: Sep 22, 2026