S&T Holdings Ltd. (3928) AI Stock Analysis

• Market Cap: HK$936.00M
• Dividend Yield: N/A
• Average Volume (3M): 19.73K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.17
• Revenue Growth: 0.59%
• EPS Growth: 23.81%
• Country: HK
• Employees: 184
• Sector: Industrials
• Sector Strength: 82
• Industry: Engineering & Construction
• EPS (TTM): >-0.01
• Shares Outstanding: 480,000,000
• 10 Day Avg. Volume: 33,800
• 30 Day Avg. Volume: 19,733
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• 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: N/A
• Number of Analyst Covering: 0

S&T Holdings Ltd. struggles with financial performance due to negative profitability and high leverage, which significantly impact its overall stock score. Technical analysis suggests bearish momentum with the stock trading below key moving averages. Valuation metrics further indicate challenges, as reflected by a negative P/E ratio and no dividend yield. These factors underscore the need for strategic improvements to enhance shareholder value.

S&T Holdings Ltd. Business Overview & Revenue Model

Company Description

S&T Holdings Limited, an investment holding company, engages in the provision of construction and property investment services in Singapore. The company offers civil engineering works, including road, earth, drainage, earth retaining stabilizing structure, and soil improvement. It also provides building construction works primarily for industrial buildings, such as substructure, piling, addition and alteration, and electrical and mechanical works; and other ancillary services comprising logistics and transportation services of construction materials. In addition, the company invests in and leases residential and industrial properties. It serves government and commercial corporations. The company was founded in 1998 and is headquartered in Singapore. S&T Holdings Limited is a subsidiary of HG TEC Holdings Limited.

How the Company Makes Money

S&T Holdings Ltd. Financial Statement Overview

Summary

S&T Holdings Ltd. faces significant financial challenges, characterized by negative profitability and high leverage. While the company maintains some balance sheet stability, ongoing net losses and inconsistent cash flow generation highlight strategic and operational issues. Improvement in revenue growth and cost management are essential for stronger financial performance.

Income Statement

S&T Holdings Ltd. has struggled with profitability over the past years, exhibiting negative net income and EBIT margins. The gross profit margin has been positive but declining, indicating pressure on revenue conversion. Revenue growth has been inconsistent, with a notable decline in recent years. The company's EBIT and EBITDA margins are negative, reflecting operational challenges.

Balance Sheet

The company's balance sheet shows a moderate equity ratio, suggesting a reasonable level of financial stability. However, the debt-to-equity ratio is relatively high, indicating significant leverage, which poses potential financial risk. Return on equity is negative due to persistent net losses, reflecting inefficiencies in generating shareholder value.

Cash Flow

Operating cash flow has been positive, but the free cash flow growth rate is inconsistent, reflecting challenges in maintaining cash generation after capital expenditures. The free cash flow to net income ratio is positive, but high leverage and negative net income indicate difficulties in translating cash flow into profits.

Breakdown
Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020
Income Statement		Total Revenue
55.97M	56.06M	67.09M	47.43M	41.52M
	Gross Profit
4.80M	3.81M	3.22M	-5.03M	-2.04M
	EBIT
-830.42K	-3.13M	-3.26M	-11.00M	-6.26M
	EBITDA
286.70K	2.02M	-125.04K	-7.49M	-2.69M
	Net Income Common Stockholders
-784.15K	-1.04M	-1.49M	-11.19M	-7.09M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
6.14M	9.15M	8.96M	9.31M	10.09M
	Total Assets
69.65M	63.61M	73.44M	75.74M	81.49M
	Total Debt
18.56M	19.50M	25.41M	28.91M	28.86M
	Net Debt
12.43M	11.21M	16.45M	19.60M	18.77M
	Total Liabilities
42.47M	35.65M	44.44M	45.25M	39.80M
	Stockholders Equity
27.17M	27.96M	29.00M	30.49M	41.68M
Cash Flow		Free Cash Flow
1.22M	1.41M	1.39M	1.46M	-6.40M
	Operating Cash Flow
3.14M	2.94M	1.39M	1.77M	-4.85M
	Investing Cash Flow
-1.57M	3.64M	3.75M	891.54K	-2.31M
	Financing Cash Flow
-3.28M	-6.91M	-5.79M	-3.34M	-3.62M

S&T Holdings Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.95
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3928, the sentiment is Negative. The current price of 1.95 is below the 20-day moving average (MA) of 2.07, below the 50-day MA of 2.44, and below the 200-day MA of 2.91, indicating a bearish trend. The MACD of -0.15 indicates Negative momentum. The RSI at 30.96 is Neutral, neither overbought nor oversold. The STOCH value of 49.79 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:3928.

S&T Holdings Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	64 Neutral	$4.30B	11.84	5.23%	249.82%	4.06%	-10.21%
3928	41 Neutral	HK$936.00M	―	-2.82%	―	0.59%	23.81%
1238	36 Underperform	HK$1.45B	―	-16.13%	―	10.08%	-118.45%

S&T Holdings Ltd. Corporate Events

China Next-Gen Commerce Announces Leadership Change

China Next-Gen Commerce and Supply Chain Limited has announced a change in its company secretary and authorized representative. Ms. Fung Mei Ling has resigned from her position, and Mr. Law Ka Wing Eric, a non-executive director with extensive experience in finance and management advisory, has been appointed to replace her. This change is effective from March 31, 2025, and is not expected to impact the company’s operations or stakeholder relations.

China Next-Gen Commerce Announces New Hong Kong Office Location

China Next-Gen Commerce and Supply Chain Limited announced a change in the address of its head office and principal place of business in Hong Kong, effective from March 31, 2025. The relocation to the China Overseas Building in Wanchai signifies a strategic move, although the company’s contact details remain unchanged, indicating stability in its operations and communications.

China Next-Gen Commerce and Supply Chain Limited Announces Unanimous Approval of AGM Resolutions

China Next-Gen Commerce and Supply Chain Limited announced that all resolutions proposed at their annual general meeting on March 14, 2025, were unanimously approved. This includes the re-election of all directors, the re-appointment of auditors, and granting mandates for share allotment and repurchase, indicating strong shareholder support and stability in the company’s governance.