Sing Holdings Ltd. (5IC) AI Stock Analysis

• Market Cap: S$184.46M
• Dividend Yield: 2.17%
• Average Volume (3M): 220.90K
• Price to Earnings (P/E): 15.8
• Beta (1Y): 0.19
• Revenue Growth: 118.91%
• EPS Growth: 50.78%
• Country: SG
• Employees: N/A
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Services
• EPS (TTM): 0.01
• Shares Outstanding: 400,994,660
• 10 Day Avg. Volume: 153,890
• 30 Day Avg. Volume: 220,896
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: S$0.50
• Price Target Upside: 8.70% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 53 Neutral
• Price Target: S$0.50 ▲(8.70% Upside)

Sing Holdings Ltd. presents a mixed outlook with financial improvements but operational challenges and high leverage. Technical indicators point to overbought conditions, suggesting caution. Valuation is reasonable, providing some support to the stock price.

Sing Holdings Ltd. Business Overview & Revenue Model

Company Description

Sing Holdings Ltd. (5IC) is a Singapore-based real estate development and investment company. It operates primarily in the real estate sector, focusing on property development and investment. The company is involved in the development of residential, commercial, and industrial properties, offering a range of products from private condominiums to landed housing. Sing Holdings Ltd. is committed to delivering quality properties with innovative designs and sustainable features.

How the Company Makes Money

Sing Holdings Ltd. generates revenue through the development and sale of residential and commercial properties. The company's key revenue streams include the proceeds from the sale of developed properties, rental income from investment properties, and potential gains from property value appreciation. Sing Holdings collaborates with construction firms, architects, and other key stakeholders to optimize project delivery and cost management, contributing to its profitability. Additionally, the company may engage in strategic partnerships or joint ventures to enhance its project portfolio and maximize its market reach.

Sing Holdings Ltd. Financial Statement Overview

Summary

Sing Holdings Ltd. demonstrates a mixed financial profile with recent improvements in profitability and cash flow. Revenue and cash reserves have increased, but operational profitability remains a challenge. High leverage poses risks despite a stable equity base.

Income Statement

Sing Holdings Ltd. has experienced volatility in its revenue and profitability over the years. Recent data shows a sharp increase in revenue from 2023 to 2024, however, this follows a significant decline in previous years. The gross profit margin has improved, but EBIT is zero, reflecting operational challenges. The net profit margin has improved, indicating better cost management or other income sources.

Balance Sheet

The company's balance sheet shows a stable equity base with a slight increase over the years. The debt-to-equity ratio is high, indicating significant leverage, which poses potential risks. However, the equity ratio is relatively strong, and cash reserves have been increasing, providing some financial stability.

Cash Flow

Sing Holdings Ltd. has shown improvement in free cash flow, turning positive in 2024 after negative results in previous years. The operating cash flow to net income ratio is strong, suggesting effective cash management. However, the company has experienced volatility in cash flows historically, which could impact future financial flexibility.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	10.35M	14.97M	5.83M	62.01M	121.73M	173.10M
Gross Profit	12.42M	10.68M	-1.27M	21.16M	28.79M	49.85M
EBITDA	8.72M	12.28M	13.73M	17.03M	22.17M	37.83M
Net Income	10.46M	9.78M	7.97M	10.84M	9.83M	16.56M
Balance Sheet
Total Assets	835.11M	875.16M	770.20M	737.56M	894.62M	553.62M
Cash, Cash Equivalents and Short-Term Investments	80.56M	87.21M	83.15M	102.43M	16.76M	34.72M
Total Debt	294.46M	254.22M	294.57M	294.77M	478.28M	159.59M
Total Liabilities	511.95M	550.17M	445.85M	411.55M	535.11M	202.86M
Stockholders Equity	316.32M	318.11M	317.53M	314.98M	314.25M	311.40M
Cash Flow
Free Cash Flow	-28.09M	48.62M	-3.68M	310.62M	-332.35M	-53.20M
Operating Cash Flow	-27.82M	49.04M	-3.02M	314.72M	-332.34M	-53.19M
Investing Cash Flow	-412.00K	-168.00K	-272.00K	-3.79M	223.00K	-395.00K
Financing Cash Flow	-7.90M	-44.37M	-15.95M	-225.25M	314.40M	33.65M

Sing Holdings Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.46
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:5IC, the sentiment is Positive. The current price of 0.46 is above the 20-day moving average (MA) of 0.45, above the 50-day MA of 0.42, and above the 200-day MA of 0.36, indicating a bullish trend. The MACD of 0.01 indicates Positive momentum. The RSI at 64.68 is Neutral, neither overbought nor oversold. The STOCH value of 26.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:5IC.

Sing Holdings Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
O10	66 Neutral	S$638.22M	10.53	4.25%	3.08%	-2.21%	-20.80%
A30	62 Neutral	S$225.56M	11.22	3.47%	―	26.74%	―
5JK	61 Neutral	S$265.87M	24.25	0.92%	0.44%	21.91%	82.03%
5IC	53 Neutral	S$184.46M	15.81	3.68%	2.17%	118.91%	50.78%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%

Sing Holdings Ltd. Corporate Events

Sing Holdings Limited Conducts Annual General Meeting

Sing Holdings Limited held its Annual General Meeting on April 25, 2025, at the ERA APAC Centre in Singapore. The meeting was chaired by Mr. Lee Sze Leong, with key company directors present. The AGM commenced with the confirmation of a quorum and included updates from the Managing Director and CEO, Mr. Lee Sze Hao, on the company’s operations.