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Hiap Hoe Ltd. (SG:5JK)
SGX:5JK
Singapore Market

Hiap Hoe Ltd. (5JK) AI Stock Analysis

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SG:5JK

Hiap Hoe Ltd.

(SGX:5JK)

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Neutral 65 (OpenAI - 5.2)
Rating:65Neutral
Price Target:
S$0.74
â–²(31.43% Upside)
Action:ReiteratedDate:03/04/26
The score is driven by a solid 2025 financial rebound and improved free cash flow, supported by attractive valuation (moderate P/E and very high dividend yield). Offsetting this are leverage around ~1.15x debt-to-equity, low operating cash flow coverage versus debt, and a history of cyclical/volatile results, while technicals are neutral with a longer-term uptrend but recent softness versus the 20-day average.
Positive Factors
2025 Financial Rebound
A meaningful profitability rebound in 2025 indicates the company can generate positive operating earnings when market conditions or project timing align. Sustained ability to return to EBIT-positive operations supports long-term viability of development pipelines and gives management scope to deleverage or reinvest.
Negative Factors
Elevated Leverage
Leverage around or above 1x limits financial flexibility and raises refinancing and interest-rate risk for a development-led business. In property cycles this magnifies earnings swings and constrains capacity to pursue new projects without raising equity or selling assets.
Read all positive and negative factors
Positive Factors
Negative Factors
2025 Financial Rebound
A meaningful profitability rebound in 2025 indicates the company can generate positive operating earnings when market conditions or project timing align. Sustained ability to return to EBIT-positive operations supports long-term viability of development pipelines and gives management scope to deleverage or reinvest.
Read all positive factors

Hiap Hoe Ltd. (5JK) vs. iShares MSCI Singapore ETF (EWS)

Hiap Hoe Ltd. Business Overview & Revenue Model

Company Description
Hiap Hoe Limited, an investment holding company, engages in the development of portfolio of hospitality, retail, commercial, and residential assets in Australia, Singapore, and the United Kingdom. It operates through Development Properties, Rental...
How the Company Makes Money
Hiap Hoe Ltd. generates revenue primarily through the sale and leasing of residential and commercial properties. The company earns significant income from its property development projects, where it develops and sells residential units and commerc...

Hiap Hoe Ltd. Financial Statement Overview

Summary
2025 showed a notable rebound (net margin ~22.5%, EBIT positive, ~4.9% revenue growth) and stronger free cash flow (~46.1m, ~95% of net income). However, results have been cyclical with prior losses/weak years, leverage is elevated (debt-to-equity ~1.15x with higher debt in 2025), operating cash flow remains low versus debt (~0.18 coverage), and the 2025 gross profit reported as zero reduces confidence in margin comparability.
Income Statement
62
Positive
Balance Sheet
55
Neutral
Cash Flow
58
Neutral
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue128.64M135.00M111.89M111.89M119.40M93.69M
Gross Profit99.74M61.48M40.28M81.61M116.10M89.88M
EBITDA37.81M42.66M87.91M77.08M31.09M72.38M
Net Income10.97M30.37M6.57M5.56M-22.00M21.20M
Balance Sheet
Total Assets1.58B1.70B1.59B1.59B1.57B1.63B
Cash, Cash Equivalents and Short-Term Investments475.63M601.15M468.16M354.08M347.17M345.14M
Total Debt768.37M853.52M768.30M759.27M743.99M772.17M
Total Liabilities863.21M953.05M871.94M866.38M848.31M872.80M
Stockholders Equity716.18M744.02M715.12M719.74M718.45M752.51M
Cash Flow
Free Cash Flow33.98M46.08M2.94M5.59M43.17M28.32M
Operating Cash Flow37.80M48.26M37.70M30.30M45.52M29.66M
Investing Cash Flow-2.99M-47.28M24.61M-11.31M17.36M-29.32M
Financing Cash Flow-37.08M68.31M-50.56M-25.55M-54.85M3.93M

Hiap Hoe Ltd. Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.56
Price Trends
50DMA
0.68
Positive
100DMA
0.61
Positive
200DMA
0.58
Positive
Market Momentum
MACD
>-0.01
Negative
RSI
60.34
Neutral
STOCH
78.88
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:5JK, the sentiment is Positive. The current price of 0.56 is below the 20-day moving average (MA) of 0.68, below the 50-day MA of 0.68, and below the 200-day MA of 0.58, indicating a bullish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 60.34 is Neutral, neither overbought nor oversold. The STOCH value of 78.88 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:5JK.

Hiap Hoe Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
73
Outperform
S$1.19B12.096.39%4.18%-42.76%-9.23%
65
Neutral
S$336.45M8.681.52%0.46%21.91%82.03%
65
Neutral
S$569.49M11.274.34%3.17%-2.21%-20.80%
65
Neutral
S$282.70M1.343.30%2.20%118.91%50.78%
61
Neutral
$18.38B12.79-2.54%3.03%1.52%-15.83%
59
Neutral
S$576.28M-15.94-2.34%2.05%-39.12%-326.51%
47
Neutral
S$775.64M-3.23-4.89%1.69%-1.32%-211.26%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
SG:5JK
Hiap Hoe Ltd.
0.72
0.21
42.43%
SG:B61
Bukit Sembawang Estates Limited
4.60
1.42
44.52%
SG:LJ3
OUE Ltd.
1.12
0.24
26.98%
SG:O10
Far East Orchard Ltd.
1.16
0.21
22.49%
SG:5IC
Sing Holdings Ltd.
0.71
0.38
120.31%
SG:F1E
Low Keng Huat Singapore Ltd
0.78
0.49
172.73%
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.Date of analysis: Mar 04, 2026