Want to see SG:566 full AI Analyst Report?
Top Page
SHS Holdings Ltd.
(SGX:566)
Select Model
Select Model
Rating:46Neutral
Price Target:
S$0.12
▼(-11.54% Downside)
Action:Reiterated
Date:07/01/26
The score is primarily held back by weak financial quality in 2025—margin collapse, a swing to a sizable net loss, and a meaningful increase in leverage—despite strong revenue growth. Valuation is also a major negative due to the extremely high P/E, while technicals are neutral to slightly weak with the stock below longer-term moving averages.
Positive Factors
Robust revenue growth
A 165% YoY revenue surge to 262.2M materially expands the firm’s scale and market footprint. Sustained higher sales provide optionality to invest in capacity, absorb fixed costs, and negotiate with suppliers/customers, strengthening structural growth potential if margins can recover.
Negative Factors
Severe margin compression
Gross margin collapsing to ~3.5% and a -13.1M net loss signal structural erosion of pricing power or cost control. Persistent low margins undermine returns on invested capital, reduce reinvestment capacity, and threaten long-term profitability unless cost structure or pricing is materially adjusted.
Read all positive and negative factors
Positive Factors
Negative Factors
Robust revenue growth
A 165% YoY revenue surge to 262.2M materially expands the firm’s scale and market footprint. Sustained higher sales provide optionality to invest in capacity, absorb fixed costs, and negotiate with suppliers/customers, strengthening structural growth potential if margins can recover.
Read all positive factors
SHS Holdings Ltd. (566) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$77.65M
Dividend Yield1.71%
Average Volume (3M)26.01K
Price to Earnings (P/E)―
Beta (1Y)0.03
Revenue Growth215.99%
EPS Growth-511.54%
CountrySG
Employees388
SectorIndustrials
Sector Strength72
IndustryManufacturing - Metal Fabrication
Share Statistics
EPS (TTM)-0.02
Shares Outstanding678,059,940
10 Day Avg. Volume22,270
30 Day Avg. Volume26,006
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)0.58
Price to Sales (P/S)0.31
P/FCF Ratio19.20
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
SHS Holdings Ltd. Business Overview & Revenue Model
Company Description
SHS Holdings Ltd., established in Singapore in 1971, operates as an investment holding company with a broad presence across Singapore, Malaysia, Vietnam, Indonesia, the People's Republic of China, Australia, and New Zealand. Its primary business r...
SHS Holdings Ltd. Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
52
Neutral
Cash Flow
46
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 262.20M | 82.98M | 82.20M | 87.22M | 55.20M |
| Gross Profit | 9.19M | 11.84M | 12.93M | 19.07M | 9.32M |
| EBITDA | -4.31M | 8.10M | 8.70M | 10.96M | 3.57M |
| Net Income | -13.07M | 3.20M | 2.50M | 5.06M | -2.75M |
Balance Sheet | |||||
| Total Assets | 360.03M | 177.39M | 184.79M | 166.96M | 176.35M |
| Cash, Cash Equivalents and Short-Term Investments | 63.36M | 38.28M | 36.41M | 59.98M | 66.38M |
| Total Debt | 70.43M | 14.50M | 28.69M | 21.35M | 23.90M |
| Total Liabilities | 220.51M | 37.34M | 48.24M | 35.52M | 38.05M |
| Stockholders Equity | 139.22M | 139.58M | 136.16M | 131.13M | 138.40M |
Cash Flow | |||||
| Free Cash Flow | 4.23M | 2.76M | -15.92M | 8.63M | 581.00K |
| Operating Cash Flow | 7.20M | 3.47M | -14.28M | 9.35M | 1.16M |
| Investing Cash Flow | -2.33M | 3.53M | -1.60M | -788.00K | 37.50M |
| Financing Cash Flow | -5.88M | -5.15M | -7.69M | -14.46M | -4.25M |
SHS Holdings Ltd. Technical Analysis
Positive
0.13
Price Trends
0.12
Positive
0.12
Positive
0.12
Negative
Market Momentum
<0.01
Positive
57.45
Neutral
31.03
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:566, the sentiment is Positive. The current price of 0.13 is above the 20-day moving average (MA) of 0.12, above the 50-day MA of 0.12, and above the 200-day MA of 0.12, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 57.45 is Neutral, neither overbought nor oversold. The STOCH value of 31.03 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:566.
SHS Holdings Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
SG:566
SHS Holdings Ltd.
0.12
>-0.01
-2.48%
SG:BKA
Sin Heng Heavy Machinery Limited
0.61
-0.04
-6.49%
SG:595
GKE Corporation Limited
0.08
>-0.01
-9.64%
SG:BKX
Yongmao Holdings Limited
0.29
-0.33
-53.23%
SG:NEX
Reclaims Global Limited
0.20
0.06
43.48%
SG:WPC
Vallianz Holdings Limited
0.05
0.01
34.21%
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.