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$0.08
▼(-7.78% Downside)
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
Renewable energy exposure
Participation in offshore wind and other renewable projects provides structural diversification from oil & gas cyclicality. Long lead-time wind contracts can create durable revenue backlog, leverage existing offshore logistics expertise, and support longer-term demand as the energy transition progresses.
Negative Factors
Rising leverage
A materially higher debt-to-equity ratio constrains strategic optionality: refinancing and interest costs rise, covenant risk increases, and the company has less buffer to absorb operational shocks. Elevated leverage magnifies downside if margins or cash flows deteriorate further.
Read all positive and negative factors
Positive Factors
Negative Factors
Renewable energy exposure
Participation in offshore wind and other renewable projects provides structural diversification from oil & gas cyclicality. Long lead-time wind contracts can create durable revenue backlog, leverage existing offshore logistics expertise, and support longer-term demand as the energy transition progresses.
Read all positive factors
Kim Heng Ltd (5G2) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$59.30M
Dividend Yield2.5%
Average Volume (3M)895.78K
Price to Earnings (P/E)―
Beta (1Y)0.55
Revenue Growth-1.42%
EPS Growth-3225.00%
CountrySG
Employees383
SectorEnergy
Sector Strength52
IndustryOil & Gas Equipment & Services
Share Statistics
EPS (TTM)0.00
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...
How the Company Makes Money
Kim Heng Ltd generates revenue through multiple streams, primarily focused on its offshore and marine service offerings. The company earns income from vessel chartering, where clients pay to lease its fleet of specialized offshore support vessels....
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$120.68M | 6.30 | 19.38% | 2.11% | -12.27% | -54.40% | |
55 Neutral | S$103.68M | 16.86 | 6.68% | ― | -18.80% | -89.70% | |
55 Neutral | S$226.89M | 7.56 | 3.59% | ― | -6.91% | -92.31% | |
48 Neutral | S$59.30M | ― | -19.12% | 2.50% | -1.42% | -3225.00% | |
46 Neutral | S$100.42M | ― | -5.60% | 4.00% | -47.36% | -240.40% |
* Energy Sector Average
SG:5G2
Kim Heng Ltd
0.08
0.02
21.74%
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Kim Heng Ltd Corporate Events
Kim Heng’s S$945,000 Property Deal Collapses After JTC Blocks Waterfront Sale
Apr 28, 2026
Kim Heng Ltd has disclosed that the proposed sale of its waterfront property at 48 Penjuru Road in Singapore to Greentec Energy Pte. Ltd. has been halted after government agency JTC declined to approve the transaction. JTC ruled that the prospecti...
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.