Tuan Sing Holdings Limited (T24) AI Stock Analysis

Tuan Sing Holdings Limited

(SGX:T24)

Select Model

Rating:51.4Neutral

Price Target:SGD 0.29▲(10.19% Upside)

Action:reiterated

Date:08/19/26

The overall score reflects a real estate platform with acceptable profitability and positive cash generation but tempered by shrinking revenues, low returns on equity, and volatile cash flows as the dominant considerations. Technical signals currently show weak momentum and a mildly bearish trend, adding downside risk rather than support. Valuation appears broadly neutral given the mid-teens P/E and modest yield, providing limited compensation for the financial and technical uncertainties.

Positive Factors

Recovered profitabilityCurrent gross and net margins provide an earnings base for the property and hospitality portfolio, indicating that operations can remain profitable despite uneven growth. If maintained, this profitability can support reinvestment and help absorb fluctuations in development timing and asset income over coming quarters.

Negative Factors

Elevated leverage and low returnsDebt running above equity increases the financial burden carried by the property portfolio, while a 1.7% return on equity indicates limited earnings productivity from the capital base. Together, these conditions constrain financial flexibility and may limit internally funded growth over the next several quarters.

Tuan Sing Holdings Limited (T24) vs. iShares MSCI Singapore ETF (EWS)

Market Cap: SGD 342.98M
Dividend Yield: 2.59%
Average Volume (3M): 354.13K
Price to Earnings (P/E): 15.9
Beta (1Y): 1.14
Revenue Growth: -8.50%
EPS Growth: -9.57%
Country: Singapore
Employees: 777
Sector: Real Estate
Sector Strength: 65
Industry: Real Estate - Diversified

Tuan Sing Holdings Limited Business Overview & Revenue Model

Company Description

Tuan Sing Holdings Limited operates as an investment holding company with a diversified portfolio spanning property development and investment, hotel ownership, and various industrial services. Its extensive operations cover Singapore, Australia, Chi...

Tuan Sing Holdings Limited Financial Statement Overview

Summary

Financials show solid current margins and positive cash generation, but multi-year revenue declines, low returns on equity, and volatile cash flows point to a mixed and cyclical profile rather than consistently strong performance.

Income Statement

58Neutral

Balance Sheet

52Neutral

Cash Flow

49Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	143.04M	146.00M	192.52M	303.72M	225.30M	248.71M
Gross Profit	73.39M	74.22M	76.23M	89.97M	86.86M	70.12M
EBITDA	22.77M	24.85M	41.72M	71.77M	28.28M	109.22M
Net Income	21.28M	32.14M	2.34M	4.84M	4.59M	83.66M
Balance Sheet
Total Assets	2.88B	2.80B	2.70B	2.62B	2.66B	2.76B
Cash, Cash Equivalents and Short-Term Investments	171.92M	159.81M	151.46M	211.53M	243.12M	376.60M
Total Debt	1.38B	1.40B	1.32B	1.23B	1.28B	1.35B
Total Liabilities	1.64B	1.58B	1.48B	1.39B	1.43B	1.50B
Stockholders Equity	1.24B	1.22B	1.22B	1.23B	1.22B	1.25B
Cash Flow
Free Cash Flow	21.86M	22.12M	-45.63M	136.43M	43.04M	73.05M
Operating Cash Flow	41.29M	41.27M	79.31M	143.41M	54.91M	79.59M
Investing Cash Flow	-75.23M	-93.67M	-180.06M	-53.30M	-78.24M	485.69M
Financing Cash Flow	62.05M	56.36M	28.16M	-122.55M	-111.93M	-366.55M

Tuan Sing Holdings Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price0.27

Price Trends

50DMA0.27Negative

100DMA0.29Negative

200DMA0.31Negative

Market Momentum

MACD-0.00Positive

RSI47.99Neutral

STOCH46.67Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:T24, the sentiment is Negative. The current price of 0.27 is below the 20-day moving average (MA) of 0.27, below the 50-day MA of 0.27, and below the 200-day MA of 0.31, indicating a bearish trend. The MACD of -0.00 indicates Positive momentum. The RSI at 47.99 is Neutral, neither overbought nor oversold. The STOCH value of 46.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:T24.

Tuan Sing Holdings Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (65)

Financial Indicators

SG:T24 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
SG:F17	60Neutral	SGD 2.40B	29.35	2.03%	3.24%	-24.16%	-12.68%
SG:H13	57Neutral	SGD 1.26B	12.43	2.68%	2.63%	5.35%	-32.58%
SG:B61	56Neutral	SGD 1.14B	8.76	7.90%	5.00%	-37.17%	12.57%
SG:W05	54Neutral	SGD 1.07B	45.10	0.80%	2.14%	168.17%	―
SG:T24	51Neutral	SGD 342.98M	15.88	1.73%	2.59%	-8.50%	-9.57%
SG:5UX	43Neutral	SGD 309.11M	-6.10	-6.17%	―	-47.76%	-721.43%

* Real Estate Sector Average

Performance Comparison

SG:T24 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
SG:T24	Tuan Sing Holdings Limited	0.27	-0.06	-18.92%
SG:F17	GuocoLand Limited	2.16	0.09	4.35%
SG:B61	Bukit Sembawang Estates Limited	4.40	0.36	8.94%
SG:5UX	Oxley Holdings Ltd.	0.07	-0.03	-27.27%
SG:H13	Ho Bee Land Limited	1.90	-0.32	-14.30%
SG:W05	Wing Tai Holdings Limited	1.40	0.02	1.45%

Tuan Sing Holdings Limited Corporate Events

Tuan Sing Reshapes Board and Committees After Director Changes

Aug 6, 2026

Tuan Sing Holdings has reshuffled its board and key board committees, following the earlier appointment of Dr Foo Say Mui (Bill) as a non-executive and independent director effective 6 August 2026 and the cessation of non-executive independent direct...

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 17, 2026

Tuan Sing Holdings Limited AI Stock Analysis