Kim Heng Ltd (SG:5G2)
SGX:5G2
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Kim Heng Ltd
(SGX:5G2)
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Rating:48Neutral
Price Target:
S$0.09
▲(4.44% Upside)
Action:ReiteratedDate:03/24/26
The score is held back primarily by weakened financial performance—margin compression, a 2025 net loss, and rising leverage—despite positive operating cash flow. Technicals provide some support with the price trading above major moving averages, but momentum indicators are mixed. Valuation provides limited support because the reported P/E is not meaningful and dividend yield is unavailable.
Positive Factors
Diversified service mix & renewables exposure
Kim Heng's multi-line offshore services (chartering, maintenance, fabrication) and exposure to offshore wind projects create durable revenue diversification. This reduces single-market cyclicality, supports contract continuity and positions the company to capture structural demand from renewable offshore infrastructure over the medium term.
Negative Factors
Rising leverage and weaker equity
Leverage rising to ~1.8x and declining equity materially reduce financial flexibility. Higher debt amplifies refinancing and interest-rate risk, constrains the ability to fund capex or absorb shocks, and leaves the company vulnerable if operating margins or cash flow deteriorate further over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified service mix & renewables exposure
Kim Heng's multi-line offshore services (chartering, maintenance, fabrication) and exposure to offshore wind projects create durable revenue diversification. This reduces single-market cyclicality, supports contract continuity and positions the company to capture structural demand from renewable offshore infrastructure over the medium term.
Read all positive factors
Kim Heng Ltd (5G2) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$61.42M
Dividend Yield2.5%
Average Volume (3M)895.78K
Price to Earnings (P/E)―
Beta (1Y)0.56
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, an investment holding company, provides integrated offshore and marine value chain services in Southeast Asia, Australasia, the Middle East, and Europe. The company operates in two segments, Offshore Rig Services and Supply Chain...
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 | 13.14M | 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 | 74.96M | 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
0.09
Negative
0.09
Negative
0.09
Negative
Market Momentum
>-0.01
Positive
34.03
Neutral
18.52
Positive
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 below the 20-day moving average (MA) of 0.09, above the 50-day MA of 0.09, and above the 200-day MA of 0.09, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 34.03 is Neutral, neither overbought nor oversold. The STOCH value of 18.52 is Positive, 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 |
|---|---|---|---|---|---|---|---|
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
63 Neutral | S$109.08M | 6.30 | 19.38% | 2.11% | -12.27% | -54.40% | |
55 Neutral | S$104.64M | 16.86 | 6.68% | ― | -18.80% | -89.70% | |
55 Neutral | S$230.67M | 25.17 | 3.59% | ― | -6.91% | -92.31% | |
48 Neutral | S$61.42M | ― | -19.12% | 2.50% | -1.42% | -3225.00% | |
46 Neutral | S$102.45M | -4.01 | -5.60% | 4.00% | -47.36% | -240.40% |
* Energy Sector Average
SG:5G2
Kim Heng Ltd
0.09
0.02
35.94%
SG:BEZ
Beng Kuang Marine Ltd.
0.48
0.29
152.63%
SG:BTP
Baker Technology Limited
0.51
-0.05
-8.18%
SG:C13
CH Offshore Ltd.
0.01
>-0.01
-17.65%
SG:C9Q
Sinostar PEC Holdings Limited
0.11
-0.03
-22.14%
SG:DU4
Mermaid Maritime Public Co., Ltd.
0.12
0.02
16.19%
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.