BH Global Corporation Limited (BQN) AI Stock Analysis

• Market Cap: S$32.40M
• Dividend Yield: 4.63%
• Average Volume (3M): 6.65K
• Price to Earnings (P/E): 18.6
• Beta (1Y): 0.19
• Revenue Growth: -7.22%
• EPS Growth: -38.95%
• Country: SG
• Employees: 156
• Sector: Industrials
• Sector Strength: 72
• Industry: Industrial - Distribution
• EPS (TTM): 0.00
• Shares Outstanding: 300,000,000
• 10 Day Avg. Volume: 6,840
• 30 Day Avg. Volume: 6,646
• PEG Ratio: -0.61
• Price to Book (P/B): 0.63
• Price to Sales (P/S): 0.59
• P/FCF Ratio: -26.44
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 68 Neutral
• Price Target: S$0.12 ▲(7.27% Upside)

The overall stock score is driven primarily by a stable financial performance despite some operational challenges, and a positive technical outlook with short-term bullish momentum. The valuation is moderate with an attractive dividend yield, providing a balanced investment opportunity.

Positive Factors

Cash Flow Management

The substantial improvement in free cash flow growth indicates effective cash management, enhancing the company's ability to fund operations and investments without relying heavily on external financing.

Balance Sheet Stability

A moderate debt-to-equity ratio reflects prudent financial management, providing the company with a stable capital structure and the ability to withstand economic fluctuations.

Gross Profit Margin

A strong gross profit margin indicates efficient cost management and pricing power, which supports long-term profitability and competitive positioning in the market.

Negative Factors

Revenue Decline

A decline in revenue suggests potential market or operational challenges, which could impact the company's ability to sustain growth and maintain its market position over time.

Negative EBIT Margins

Negative EBIT margins indicate operational inefficiencies, which can erode profitability and hinder the company's ability to reinvest in growth initiatives.

Low Operating Cash Flow Ratio

A low operating cash flow ratio suggests difficulties in converting income into cash, which may affect liquidity and the company's ability to meet short-term obligations.

BH Global Corporation Limited Business Overview & Revenue Model

Company Description

BH Global Corporation Limited, an investment holding company, provides a suite of solutions in electrical and technical supply, cyber security, green LED lighting, infrared thermal sensing technology, and integration engineering fields in Singapore and internationally. It operates through Electrical and Technical Supply, Green LED Lighting, Security, and Integration Engineering segments. The company trades in goods for marine cables, lighting equipment, fixtures, and accessories; and offers cybersecurity solutions, marine surveillance systems, thermal scanners, and software consultancy, as well as engineering services comprising marine pipe installation, procurement and construction management for electrical, instrumentation, and telecommunications systems for onshore and offshore facilities. It also provides mass fever screening systems and night vision technologies; engineering, procurement, integration, project management, and piping solutions; and IT electronics products and solutions. In addition, the company offers medical, professional, engineering, scientific, and precision equipment; manufactures and repairs machinery, engineering and scientific instruments, and marine equipment; and engages in the repair and modification of ships and offshore structures. Further, it is involved in the wholesale and retail of electrical goods, appliances, and other products related to marine supply and servicing; electrification of marine propulsion systems; provision of engineering design and consultancy services in energy management and clean energy systems, and marine and offshore related services and products, as well as cyber security services, such as critical info-infrastructure protection and cyber protection, manual and robotic vulnerability assessment and penetration testing, and cyber security advisory and professional services; and energy storage systems. The company was formerly known as BH Global Marine Limited and changed its name to BH Global Corporation Limited in May 2013. The company was founded in 1963 and is headquartered in Singapore. BH Global Corporation Limited is a subsidiary of Beng Hui Holding (S) Pte Ltd.

How the Company Makes Money

BH Global Corporation Limited generates revenue through various streams, primarily from its logistics and supply chain management services. The company earns money by charging clients for transportation, storage, and distribution of goods, which includes both domestic and international shipping solutions. Additionally, BH Global may have service contracts with key partners, allowing for long-term revenue from consistent logistics needs. Strategic partnerships with other logistics companies or technology providers also enhance their service offerings, potentially leading to increased sales and market share. Factors contributing to its earnings include demand for efficient supply chain solutions, the growth of e-commerce, and the company's ability to innovate and adapt to changing market conditions.

BH Global Corporation Limited Financial Statement Overview

Summary

The company shows a mixed financial performance. Revenue has declined by 4.44%, and the EBIT margin is negative, indicating operational challenges. However, it maintains a positive net profit margin of 3.17% and a gross profit margin of 40.16%. The balance sheet is stable with moderate leverage and a strong equity position. Cash flow improvements are notable, but the low operating cash flow ratio indicates potential liquidity concerns.

Income Statement

The income statement shows a mixed performance. The TTM data indicates a decline in revenue by 4.44%, and the EBIT margin turned negative, reflecting operational challenges. However, the company maintains a positive net profit margin of 3.17% and a gross profit margin of 40.16%, indicating some level of profitability. Historical data shows fluctuating revenue growth, with a peak in 2022, but recent declines suggest potential market or operational issues.

Balance Sheet

The balance sheet is relatively stable with a debt-to-equity ratio of 0.40 in the TTM period, indicating moderate leverage. The return on equity is modest at 3.21%, suggesting efficient use of equity to generate profits. The equity ratio stands at 60.69%, reflecting a solid capital structure with a significant portion of assets financed by equity.

Cash Flow

Cash flow analysis reveals a significant improvement in free cash flow growth at 94.59% in the TTM period, indicating better cash management. However, the operating cash flow to net income ratio is low at 0.12, suggesting potential challenges in converting income into cash. The free cash flow to net income ratio is strong at 0.76, reflecting efficient cash generation relative to net income.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	55.25M	60.38M	59.15M	55.19M	46.84M	53.22M
Gross Profit	22.19M	24.55M	24.40M	23.14M	19.44M	27.09M
EBITDA	751.00K	5.50M	6.45M	5.40M	7.17M	12.17M
Net Income	1.75M	2.69M	3.46M	2.87M	4.97M	3.22M
Balance Sheet
Total Assets	85.24M	88.84M	88.36M	88.11M	84.63M	86.59M
Cash, Cash Equivalents and Short-Term Investments	3.10M	5.30M	5.30M	5.74M	9.60M	12.07M
Total Debt	20.77M	20.17M	15.98M	16.50M	16.30M	22.42M
Total Liabilities	33.67M	33.32M	32.96M	34.08M	31.14M	36.30M
Stockholders Equity	51.75M	57.12M	56.30M	54.14M	53.17M	49.47M
Cash Flow
Free Cash Flow	2.27M	-1.35M	2.19M	-2.00M	4.64M	12.55M
Operating Cash Flow	2.99M	761.00K	5.34M	-583.00K	6.54M	12.83M
Investing Cash Flow	-1.37M	-1.67M	-2.77M	-1.02M	-727.00K	-788.00K
Financing Cash Flow	-1.43M	1.04M	-2.99M	-2.27M	-8.28M	-6.14M

BH Global Corporation Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.11
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:BQN, the sentiment is Neutral. The current price of 0.11 is above the 20-day moving average (MA) of 0.11, above the 50-day MA of 0.11, and below the 200-day MA of 0.11, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 54.48 is Neutral, neither overbought nor oversold. The STOCH value of 10.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SG:BQN.

BH Global Corporation Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
5UL	76 Outperform	S$52.87M	1.11	5.32%	362.76%	-86.29%	20.88%
BQN	68 Neutral	S$32.40M	18.62	3.27%	4.63%	-7.22%	-38.95%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
BEZ	63 Neutral	S$63.41M	10.34	28.37%	2.26%	-4.17%	-54.26%

BH Global Corporation Limited Corporate Events

BH Global Corporation Limited Announces Change in Company Secretaries

BH Global Corporation Limited has announced a change in its company secretaries, appointing Ms. Cheok Hui Yee and Ms. Tian Wen Yee to replace Ms. Lin Moi Heyang, effective from November 1, 2025. The company expressed gratitude to Ms. Lin for her contributions during her tenure, highlighting the ongoing evolution in its administrative leadership.

BH Global Completes Subsidiary Striking-Off Amid Restructuring

BH Global Corporation Limited has completed the striking-off of its indirect subsidiary, SASA APAC PTE. LTD, as part of a restructuring exercise. This move is not expected to materially impact the company’s consolidated net tangible assets or earnings per share for the financial year ending December 2025, indicating a strategic adjustment without significant financial repercussions.

BH Global Corporation Prepares for Subsidiary Spin-Off with Strategic Restructuring

BH Global Corporation Limited has announced an internal restructuring in preparation for a potential spin-off listing of its subsidiary. This restructuring involves a two-step share swap process, where the company and Mr. George Lee will transfer their shares in SFTS to SFV and subsequently to SFI. The restructuring aims to streamline the group’s structure, potentially enhancing its market positioning and operational focus.

BH Global Updates on Subsidiary’s Liquidation Progress

BH Global Corporation Limited has announced an update regarding the voluntary winding-up of its subsidiary, OMS. The resignation of Mr. Jimmy as one of the joint liquidators has been approved by OMS’s creditors, leaving Mr. Ong Boon Lee as the sole liquidator to oversee the remaining liquidation process. This development is part of the company’s ongoing efforts to manage its subsidiary’s closure effectively, with implications for its operational focus and stakeholder interests.