Hiap Hoe Ltd. (5JK) AI Stock Analysis

• Market Cap: S$242.34M
• Dividend Yield: 1.94%
• Average Volume (3M): 51.54K
• Price to Earnings (P/E): 36.8
• Beta (1Y): -0.06
• Revenue Growth: 12.04%
• EPS Growth: 18.64%
• Country: SG
• Employees: 340
• Sector: Real Estate
• Sector Strength: 63
• Industry: Real Estate - Services
• EPS (TTM): 0.01
• Shares Outstanding: 474,557,400
• 10 Day Avg. Volume: 39,020
• 30 Day Avg. Volume: 51,543
• PEG Ratio: 0.08
• Price to Book (P/B): 0.49
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 8.17
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 58 Neutral
• Price Target: S$0.50 ▼(-3.85%Downside)

The overall stock score for Hiap Hoe Ltd. reflects a stable but cautious outlook. The company's strong operational efficiency and stable financial position are positive, but challenges in profitability and valuation concerns weigh down the score. Technical analysis suggests a neutral trend, adding to the cautious sentiment. Improvement in profitability and a more attractive valuation could enhance the stock's appeal.

Hiap Hoe Ltd. Business Overview & Revenue Model

Company Description

Hiap Hoe Ltd. (5JK) is a Singapore-based real estate development and investment company. The company operates in sectors such as property development, property investment, and hospitality. Hiap Hoe is known for its high-quality residential, commercial, and mixed-use developments across Singapore and Australia. The company also invests in and manages hospitality assets, providing a diverse portfolio that includes hotels and serviced apartments.

How the Company Makes Money

Hiap Hoe Ltd. makes money primarily through its property development and investment activities. The company generates revenue by selling residential, commercial, and mixed-use properties that it develops. Additionally, Hiap Hoe earns recurring income from its property investment segment, which involves leasing office, retail spaces, and other properties. The hospitality sector, which includes hotels and serviced apartments, contributes to its revenue through room bookings, events, and other hospitality services. Hiap Hoe's earnings are further supported by strategic partnerships and joint ventures that enhance its development capabilities and market reach.

Hiap Hoe Ltd. Financial Statement Overview

Summary

Hiap Hoe Ltd. shows strong operational efficiency with robust gross and EBIT margins. The balance sheet is stable, but profitability remains inconsistent, with challenges in net income and equity returns. Cash flow management is sound, though variability in free cash flow growth is a concern.

Income Statement

The company has shown a strong gross profit margin with consistent gross profit growth over the years, indicating efficient core operations. The revenue growth rate has been positive, and EBIT margin improvements are notable, showcasing enhanced operational efficiency. However, net profit margins remain volatile, with occasional losses, suggesting challenges in cost management or non-operational expenses impacting net income.

Balance Sheet

Hiap Hoe Ltd. maintains a moderate debt-to-equity ratio, reflecting a balanced approach to leveraging. The equity ratio is stable, indicating a solid asset base funded by equity, which is reassuring for long-term stability. However, the return on equity has been inconsistent, with some periods of negative returns, highlighting concerns over profitability and efficient use of equity.

Cash Flow

The company's cash flow from operations is healthy, with consistent positive free cash flow, suggesting good cash management. The operating cash flow to net income ratio is favorable, reflecting effective conversion of earnings to cash. However, free cash flow growth has been uneven, and capital expenditures sometimes exceed operating cash flow, indicating potential liquidity constraints.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
111.89M	111.89M	119.40M	93.69M	79.55M
	Gross Profit
40.28M	77.86M	116.10M	89.88M	75.26M
	EBIT
-8.47M	48.90M	14.03M	5.83M	4.19M
	EBITDA
77.05M	77.08M	31.09M	72.38M	10.07M
	Net Income Common Stockholders
6.57M	5.56M	-22.00M	21.20M	-36.71M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
468.16M	354.08M	316.05M	345.14M	302.06M
	Total Assets
1.59B	1.59B	1.57B	1.63B	1.59B
	Total Debt
768.30M	759.27M	743.99M	772.17M	754.21M
	Net Debt
698.46M	747.09M	725.10M	742.59M	733.89M
	Total Liabilities
871.94M	866.38M	848.31M	872.80M	852.36M
	Stockholders Equity
715.12M	719.74M	718.45M	752.51M	737.45M
Cash Flow		Free Cash Flow
2.94M	5.59M	43.17M	28.32M	18.04M
	Operating Cash Flow
37.70M	30.30M	45.52M	29.66M	19.55M
	Investing Cash Flow
24.61M	-11.31M	17.36M	-29.32M	8.77M
	Financing Cash Flow
-50.56M	-25.55M	-54.85M	3.93M	-29.53M

Hiap Hoe Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.52
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 0.52 is above the 20-day moving average (MA) of 0.51, above the 50-day MA of 0.51, and below the 200-day MA of 0.54, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 58.09 is Neutral, neither overbought nor oversold. The STOCH value of 100.00 is Negative, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
B61	73 Outperform	S$1.04B	9.13	7.43%	4.11%	83.05%	130.71%
F1E	68 Neutral	S$232.73M	112.50	0.35%	4.76%	31.28%	―
O10	67 Neutral	S$489.10M	8.29	4.28%	1.00%	4.49%	-10.72%
5IC	64 Neutral	S$140.35M	14.34	3.08%	2.86%	102.45%	22.61%
Sector *	61 Neutral	$2.86B	10.96	0.41%	6.08%	5.73%	-21.25%
5JK	58 Neutral	S$242.34M	36.79	0.92%	1.94%	12.04%	18.64%
LJ3	57 Neutral	S$692.54M	―	-8.35%	2.13%	3.76%	-480.94%

Hiap Hoe Ltd. Corporate Events

Hiap Hoe Ltd. Cancels Treasury Shares to Boost Shareholder Value

Hiap Hoe Ltd. has announced the cancellation of 3,999,850 treasury shares, which were previously held as excess and unutilized. This move is aimed at enhancing shareholder value by reducing the number of issued ordinary shares, effectively increasing the value of remaining shares. The cancellation represents 0.843% of the total issued ordinary shares before the cancellation and brings the treasury shares to zero, indicating a strategic decision to optimize capital structure.

Hiap Hoe Limited Conducts Annual General Meeting

Hiap Hoe Limited held its Annual General Meeting on April 30, 2025, at Aloft Singapore Novena, with key company directors and shareholders in attendance. The meeting included a presentation by CEO Mr. Marc Teo on the company’s business and financial performance, followed by a Q&A session where shareholders raised questions about the company’s operations.