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Kim Heng Ltd
(SGX:5G2)
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Rating:45Neutral
Price Target:
S$0.08
▼(-16.67% Downside)
Action:Reiterated
Date:08/07/26
The score is held back primarily by weakening financial performance (2025 net loss, margin compression) and a more leveraged balance sheet that raises risk if profitability remains pressured. Technicals add a modest headwind with price below key moving averages and slightly negative MACD, while valuation is not supportive given the negative P/E and no dividend data.
Positive Factors
Consistent operating cash flow
Persistent positive operating cash flow provides a durable source of liquidity that supports day-to-day operations and working-capital needs even when accounting profits falter. Over 2–6 months this reduces immediate refinancing pressure and gives management time to restore margins or restructure obligations.
Negative Factors
Rising leverage; debt > equity
A materially higher debt-to-equity ratio reduces financial flexibility and increases refinancing and interest-rate vulnerability. If profitability remains pressured, elevated leverage amplifies solvency risk and limits capacity for strategic investment or cushioning against industry downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent operating cash flow
Persistent positive operating cash flow provides a durable source of liquidity that supports day-to-day operations and working-capital needs even when accounting profits falter. Over 2–6 months this reduces immediate refinancing pressure and gives management time to restore margins or restructure obligations.
Read all positive factors
Kim Heng Ltd (5G2) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$48.71M
Dividend Yield2.5%
Average Volume (3M)895.78K
Price to Earnings (P/E)―
Beta (1Y)0.43
Revenue Growth-1.42%
EPS Growth-3225.00%
CountrySG
Employees383
SectorEnergy
Sector Strength52
IndustryOil & Gas Equipment & Services
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding710,000,000
10 Day Avg. Volume1,129,930
30 Day Avg. Volume895,776
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)1.48
Price to Sales (P/S)0.51
P/FCF Ratio-20.12
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
Kim Heng Ltd Business Overview & Revenue Model
Company Description
Kim Heng Limited is a Singapore-based investment holding company delivering a comprehensive suite of integrated services to the offshore and marine sectors across Southeast Asia, Australasia, the Middle East, and Europe. Its operations are divided...
How the Company Makes Money
null...
Kim Heng Ltd Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
42
Neutral
Cash Flow
48
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 113.23M | 120.99M | 122.73M | 101.19M | 79.84M | 63.22M |
| Gross Profit | 33.70M | 22.62M | 30.99M | 32.76M | 27.73M | 16.05M |
| EBITDA | 16.87M | 9.00M | 17.93M | 17.90M | 21.74M | 5.43M |
| Net Income | -1.22M | -8.82M | 270.00K | 1.56M | 7.37M | -5.89M |
Balance Sheet | ||||||
| Total Assets | 175.39M | 169.88M | 181.53M | 167.23M | 153.47M | 131.56M |
| Cash, Cash Equivalents and Short-Term Investments | 5.57M | 5.37M | 3.36M | 10.97M | 12.52M | 7.63M |
| Total Debt | 63.73M | 77.03M | 72.71M | 61.30M | 50.53M | 59.24M |
| Total Liabilities | 111.21M | 121.13M | 123.23M | 103.96M | 89.91M | 76.17M |
| Stockholders Equity | 55.25M | 41.58M | 50.71M | 55.98M | 56.84M | 49.80M |
Cash Flow | ||||||
| Free Cash Flow | -4.95M | -3.05M | 1.15M | -8.90M | 6.61M | -5.13M |
| Operating Cash Flow | 2.81M | 14.20M | 12.73M | 2.55M | 19.05M | 3.69M |
| Investing Cash Flow | -5.29M | -12.13M | -11.04M | -3.85M | -320.00K | 3.34M |
| Financing Cash Flow | 2.19M | -129.00K | -11.16M | -628.00K | -14.13M | -5.66M |
Kim Heng Ltd Technical Analysis
Negative
0.09
Price Trends
0.08
Negative
0.08
Negative
0.09
Negative
Market Momentum
>-0.01
Positive
6.47
Positive
53.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:5G2, the sentiment is Negative. The current price of 0.09 is above the 20-day moving average (MA) of 0.08, above the 50-day MA of 0.08, and above the 200-day MA of 0.09, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 6.47 is Positive, neither overbought nor oversold. The STOCH value of 53.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:5G2.
Kim Heng Ltd Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | S$135.00M | 17.12 | 31.63% | 1.14% | 0.32% | -11.53% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
65 Neutral | S$109.44M | 4.45 | 3.06% | ― | -12.55% | 8.33% | |
64 Neutral | S$190.97M | 9.30 | 5.70% | 1.10% | -21.24% | ― | |
48 Neutral | S$89.27M | -5.50 | -12.28% | 3.16% | -28.60% | -32.84% | |
45 Neutral | S$48.71M | -5.52 | -19.12% | 2.50% | -1.42% | -3225.00% |
* Energy Sector Average
SG:5G2
Kim Heng Ltd
0.07
-0.01
-16.09%
SG:BEZ
Beng Kuang Marine Ltd.
0.45
0.20
80.89%
SG:BTP
Baker Technology Limited
0.44
-0.08
-15.87%
SG:C13
CH Offshore Ltd.
0.01
>-0.01
-7.14%
SG:C9Q
Sinostar PEC Holdings Limited
0.11
-0.04
-26.00%
SG:DU4
Mermaid Maritime Public Co., Ltd.
0.10
-0.01
-11.50%
Kim Heng Ltd Corporate Events
Kim Heng Shareholders Back Board, Fees and Share-Issuance Mandate at AGM
May 12, 2026
Kim Heng Ltd shareholders convened their annual general meeting on 28 April 2026 in Singapore, where the board, led by executive chairman and CEO Thomas Tan Keng Siong, confirmed that a quorum was present and all voting would be conducted by poll....
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.