UOB-Kay Hian Holdings Limited (U10) AI Stock Analysis

• Market Cap: €2.44B
• Dividend Yield: 4.74%
• Average Volume (3M): 749.30K
• Price to Earnings (P/E): 11.1
• Beta (1Y): 0.76
• Revenue Growth: 7.87%
• EPS Growth: -4.03%
• Country: SG
• Employees: 3,123
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Capital Markets
• EPS (TTM): 0.11
• Shares Outstanding: 984,188,230
• 10 Day Avg. Volume: 641,890
• 30 Day Avg. Volume: 749,300
• PEG Ratio: 0.26
• Price to Book (P/B): 0.73
• Price to Sales (P/S): 2.90
• P/FCF Ratio: -15.98
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 66 Neutral
• Price Target: S$2.50 ▼(-0.40% Downside)

UOB-Kay Hian Holdings Limited's overall stock score is driven by its strong profitability and attractive valuation. However, the declining revenue and negative operating cash flow are significant concerns. The technical indicators suggest a neutral market sentiment, contributing to a moderate overall score.

UOB-Kay Hian Holdings Limited Business Overview & Revenue Model

Company Description

UOB-Kay Hian Holdings Limited (U10) is one of the largest securities firms in Singapore and a prominent player in the Asian financial services sector. The company operates primarily in the financial services industry, offering a wide range of services including brokerage, wealth management, investment advisory, and corporate finance. UOB-Kay Hian serves both retail and institutional clients, facilitating access to various investment products across local and international markets.

How the Company Makes Money

UOB-Kay Hian generates revenue through multiple key streams. Primarily, the company earns money from brokerage commissions on stock and securities trades conducted by its clients. This includes both retail and institutional trading activities. Additionally, UOB-Kay Hian offers wealth management services, charging fees for portfolio management and advisory services. The company also engages in corporate finance activities, earning fees from underwriting, mergers and acquisitions, and other advisory services. Significant partnerships with financial institutions and market access providers enhance its service offerings, while proprietary research and investment insights attract clients and contribute to its earnings.

UOB-Kay Hian Holdings Limited Financial Statement Overview

Summary

UOB-Kay Hian Holdings Limited demonstrates strong profitability with a high net profit margin and improved leverage. However, it faces challenges with declining revenue and negative operating cash flow, indicating potential liquidity issues. The company needs to address these issues to sustain its financial health.

Income Statement

UOB-Kay Hian Holdings Limited shows strong profitability with a high net profit margin of 42.09% for 2024. However, the revenue growth rate is negative at -12.15%, indicating a decline in revenue compared to the previous year. The EBIT and EBITDA margins are robust, suggesting efficient cost management. Overall, the income statement reflects solid profitability but highlights concerns about declining revenue.

Balance Sheet

The company's debt-to-equity ratio has improved to 0.39 in 2024, showing a reduction in leverage compared to previous years. Return on equity is healthy at 10.59%, indicating effective use of equity to generate profits. The equity ratio is stable, suggesting a balanced capital structure. However, the company should continue to monitor its debt levels to maintain financial stability.

Cash Flow

The cash flow statement reveals challenges with negative operating cash flow in 2024, indicating potential liquidity issues. Despite this, the free cash flow to net income ratio is positive at 1.05, suggesting that the company is generating sufficient free cash flow relative to its net income. The significant growth in free cash flow from the previous year is a positive sign, but the negative operating cash flow remains a concern.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	654.91M	532.70M	539.01M	503.54M	644.17M	603.77M
Gross Profit	654.91M	241.15M	302.90M	223.19M	303.99M	279.88M
EBITDA	0.00	304.95M	253.70M	178.18M	230.14M	254.31M
Net Income	209.54M	224.22M	170.36M	101.88M	151.88M	159.41M
Balance Sheet
Total Assets	5.68B	4.59B	3.99B	4.32B	4.52B	4.64B
Cash, Cash Equivalents and Short-Term Investments	1.81B	1.22B	1.34B	1.53B	547.59M	509.95M
Total Debt	1.52B	832.58M	846.28M	1.40B	1.46B	1.50B
Total Liabilities	3.56B	2.46B	2.08B	2.52B	2.76B	2.99B
Stockholders Equity	2.11B	2.12B	1.89B	1.78B	1.74B	1.64B
Cash Flow
Free Cash Flow	-132.03K	-96.50M	379.94M	795.70M	63.73M	-248.37M
Operating Cash Flow	5.75M	-91.75M	384.09M	798.36M	68.83M	-242.82M
Investing Cash Flow	-5.35M	-4.25M	-3.25M	-1.89M	-2.68M	-5.88M
Financing Cash Flow	669.82M	-65.52M	-577.61M	-101.96M	-28.82M	311.34M

UOB-Kay Hian Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2.51
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:U10, the sentiment is Positive. The current price of 2.51 is above the 20-day moving average (MA) of 2.45, above the 50-day MA of 2.49, and above the 200-day MA of 2.05, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 56.17 is Neutral, neither overbought nor oversold. The STOCH value of 64.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:U10.

UOB-Kay Hian Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
S41	72 Outperform	S$1.17B	13.99	4.02%	4.87%	-10.51%	-15.79%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
U10	66 Neutral	€2.44B	11.07	10.50%	4.74%	7.87%	-4.03%
YF8	61 Neutral	S$3.69B	11.08	8.61%	3.25%	-9.47%	131.72%
HKB	58 Neutral	S$1.44B	22.83	―	―	―	―

UOB-Kay Hian Holdings Limited Corporate Events

UOB-Kay Hian Announces Board Restructuring and Committee Merger

UOB-Kay Hian Holdings Limited has announced several significant changes effective from 1 October 2025, aimed at rejuvenating its Board and enhancing operational efficiency. The changes include the resignation of long-serving Independent Directors Mr. Kuah Boon Wee and Mr. Andrew Suckling, the appointment of Ms. Chan Lay Hoon as the new Chairman of the Audit Committee, and the merger of the Nominating and Remuneration Committees to streamline the review process for appointments and compensation. These changes are expected to impact the company’s governance structure and improve its strategic oversight.