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UOB-Kay Hian Holdings Limited
(SGX:U10)
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Rating:65Neutral
Price Target:
S$3.00
▲(15.38% Upside)
Action:Reiterated
Date:10/21/26
The score is supported primarily by solid fundamental profitability/balance-sheet strength and an attractive valuation (low P/E and strong dividend yield). Offsetting these positives are meaningful risks from highly volatile and recently negative cash flow, along with very weak technical trends with the stock trading well below major moving averages and negative momentum.
Positive Factors
Revenue Expansion
The substantial multi-year increase in revenue indicates stronger business activity and a larger earnings base. If maintained, this scale can support operating leverage, broader client reach, and continued investment in brokerage and capital-markets capabilities over the next several quarters.
Negative Factors
Volatile Cash Generation
Repeated periods of negative operating and free cash flow weaken confidence that reported earnings consistently translate into cash. Volatility may constrain funding flexibility and make distributions or reinvestment more dependent on collateral and working-capital movements.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Expansion
The substantial multi-year increase in revenue indicates stronger business activity and a larger earnings base. If maintained, this scale can support operating leverage, broader client reach, and continued investment in brokerage and capital-markets capabilities over the next several quarters.
Read all positive factors
UOB-Kay Hian Holdings Limited (U10) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$3.03B
Dividend Yield3.99%
Average Volume (3M)1.33M
Price to Earnings (P/E)9.9
Beta (1Y)1.10
Revenue Growth36.18%
EPS Growth40.76%
CountrySG
Employees2,000
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)0.31
Shares Outstanding984,188,230
10 Day Avg. Volume2,276,720
30 Day Avg. Volume1,326,696
Financial Highlights & Ratios
PEG Ratio2.47
Price to Book (P/B)1.08
Price to Sales (P/S)3.20
P/FCF Ratio22.74
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
S$26.20Price Target Upside907.50% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.33
Revenue Forecast (FY)S$828.66M
UOB-Kay Hian Holdings Limited Business Overview & Revenue Model
Company Description
UOB-Kay Hian Holdings Limited, established in Singapore in 2000, operates as an investment holding company offering a broad array of financial services to institutions, large corporations, high-net-worth individuals, and retail investors. The comp...
How the Company Makes Money
UOB-Kay Hian makes money mainly by earning fees and trading-related income from facilitating client and institutional transactions in securities markets. Key revenue streams typically include: (1) Brokerage commissions and fees: income earned when...
UOB-Kay Hian Holdings Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
82
Very Positive
Cash Flow
46
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 845.48M | 767.45M | 532.70M | 454.47M | 444.28M | 614.90M |
| Gross Profit | 845.48M | 613.21M | 241.15M | 218.36M | 223.19M | 303.99M |
| EBITDA | 20.17M | 318.38M | 304.95M | 257.38M | 178.24M | 230.10M |
| Net Income | 304.88M | 239.37M | 224.22M | 170.36M | 101.88M | 151.88M |
Balance Sheet | ||||||
| Total Assets | 7.98B | 5.68B | 4.59B | 3.99B | 4.32B | 4.52B |
| Cash, Cash Equivalents and Short-Term Investments | 1.82B | 1.69B | 1.22B | 1.34B | 1.53B | 986.70M |
| Total Debt | 0.00 | 1.29B | 832.58M | 846.28M | 1.40B | 1.46B |
| Total Liabilities | 5.63B | 3.39B | 2.46B | 2.08B | 2.52B | 2.76B |
| Stockholders Equity | 2.35B | 2.27B | 2.12B | 1.89B | 1.78B | 1.74B |
Cash Flow | ||||||
| Free Cash Flow | -927.30M | 107.98M | -96.67M | 379.94M | 795.70M | 63.73M |
| Operating Cash Flow | -913.84M | 122.72M | -91.92M | 384.09M | 798.36M | 68.83M |
| Investing Cash Flow | -13.02M | -15.14M | -4.08M | -3.25M | -1.89M | -2.68M |
| Financing Cash Flow | 833.98M | 388.71M | -65.52M | -577.61M | -101.96M | -28.82M |
UOB-Kay Hian Holdings Limited Technical Analysis
Negative
2.60
Price Trends
3.73
Negative
3.91
Negative
3.66
Negative
Market Momentum
-0.20
Negative
37.26
Neutral
67.01
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:U10, the sentiment is Negative. The current price of 2.6 is below the 20-day moving average (MA) of 3.30, below the 50-day MA of 3.73, and below the 200-day MA of 3.66, indicating a bearish trend. The MACD of -0.20 indicates Negative momentum. The RSI at 37.26 is Neutral, neither overbought nor oversold. The STOCH value of 67.01 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:U10.
UOB-Kay Hian Holdings Limited Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | S$207.82B | 18.47 | 16.23% | 4.35% | -5.30% | -0.44% | |
78 Outperform | S$68.18B | 10.47 | 9.73% | 3.84% | -10.35% | -19.23% | |
77 Outperform | S$131.63B | 16.74 | 13.01% | 3.58% | -2.86% | 7.77% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | S$3.03B | 9.86 | 13.21% | 3.99% | 36.18% | 40.76% | |
54 Neutral | S$748.30M | -5.08 | -5.81% | 17.25% | -73.51% | -131.35% | |
44 Neutral | S$1.92B | <0.01 | 1.40% | ― | 10.60% | -67.55% |
* Financial Sector Average
SG:U10
UOB-Kay Hian Holdings Limited
3.08
0.70
29.47%
SG:D05
DBS Group Holdings
73.13
21.96
42.91%
SG:O39
OCBC
29.29
12.94
79.18%
SG:U11
UOB
41.37
8.08
24.28%
SG:HKB
AMTD IDEA Group Class A
3.38
-0.22
-6.11%
SG:YF8
Yangzijiang Financial Holding Ltd.
0.22
-0.26
-55.11%
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.