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Hiap Hoe Ltd.
(SGX:5JK)
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Rating:65Neutral
Price Target:
S$0.74
▲(31.43% Upside)
Action:Reiterated
Date: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)
Market Cap
S$305.86M
Dividend Yield0.46%
Average Volume (3M)16.61K
Price to Earnings (P/E)10.1
Beta (1Y)0.17
Revenue Growth7.69%
EPS Growth360.71%
CountrySG
Employees544
SectorConsumer Cyclical
Sector Strength84
IndustryReal Estate - Services
Share Statistics
EPS (TTM)0.07
Shares Outstanding474,557,400
10 Day Avg. Volume17,750
30 Day Avg. Volume16,613
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)0.35
Price to Sales (P/S)1.95
P/FCF Ratio5.72
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
Hiap Hoe Ltd. Business Overview & Revenue Model
Company Description
Hiap Hoe Limited functions as a diversified investment holding company, overseeing a substantial portfolio of hospitality, retail, commercial, and residential assets spanning Australia, Singapore, and the United Kingdom. Its operations are divided...
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
Income Statement
62
Positive
Balance Sheet
55
Neutral
Cash Flow
58
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 135.00M | 111.89M | 111.89M | 119.40M | 93.69M |
| Gross Profit | 67.82M | 40.28M | 81.61M | 116.10M | 89.88M |
| EBITDA | 42.66M | 87.91M | 77.08M | 31.09M | 72.38M |
| Net Income | 30.37M | 6.57M | 5.56M | -22.00M | 21.20M |
Balance Sheet | |||||
| Total Assets | 1.70B | 1.59B | 1.59B | 1.57B | 1.63B |
| Cash, Cash Equivalents and Short-Term Investments | 601.15M | 468.16M | 354.08M | 347.17M | 345.14M |
| Total Debt | 853.52M | 768.30M | 759.27M | 743.99M | 772.17M |
| Total Liabilities | 953.05M | 871.94M | 866.38M | 848.31M | 872.80M |
| Stockholders Equity | 744.02M | 715.12M | 719.74M | 718.45M | 752.51M |
Cash Flow | |||||
| Free Cash Flow | 46.08M | 2.94M | 5.59M | 43.17M | 28.32M |
| Operating Cash Flow | 48.26M | 37.70M | 30.30M | 45.52M | 29.66M |
| Investing Cash Flow | -47.28M | 24.61M | -11.31M | 17.36M | -29.32M |
| Financing Cash Flow | 68.31M | -50.56M | -25.55M | -54.85M | 3.93M |
Hiap Hoe Ltd. Technical Analysis
Positive
0.56
Price Trends
0.66
Negative
0.67
Negative
0.61
Positive
Market Momentum
>-0.01
Negative
49.64
Neutral
69.70
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 0.65, below the 50-day MA of 0.66, and below the 200-day MA of 0.61, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 49.64 is Neutral, neither overbought nor oversold. The STOCH value of 69.70 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | S$765.82M | 20.61 | 0.67% | 1.20% | -5.87% | 20.27% | |
65 Neutral | S$305.86M | 10.06 | 1.13% | 0.46% | 7.69% | 360.71% | |
65 Neutral | S$546.10M | 10.09 | 4.34% | 3.17% | 29.06% | -8.70% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
51 Neutral | S$240.60M | 1.62 | 2.23% | 2.20% | 3944.45% | 1355.90% | |
50 Neutral | S$71.75M | 43.33 | -0.28% | ― | -1.52% | 500.00% |
* Consumer Cyclical Sector Average
SG:5JK
Hiap Hoe Ltd.
0.65
0.13
25.24%
SG:O10
Far East Orchard Ltd.
1.10
0.04
3.29%
SG:5AE
Pollux Properties Ltd.
0.03
<0.01
22.73%
SG:H30
Hong Fok Corporation Limited
0.91
0.11
14.18%
SG:5IC
Sing Holdings Ltd.
0.47
0.19
69.71%
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.