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Hong Lai Huat Group Limited
(SGX:CTO)
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Rating:46Neutral
Price Target:
S$0.08
▲(18.57% Upside)
Action:Reiterated
Date:07/01/26
The score is held down primarily by weak recent cash flow and inconsistent core profitability despite a sharp 2025 earnings rebound. A conservatively levered balance sheet provides stability, but technicals are soft in the near-to-medium term and valuation signals are not interpretable due to the negative P/E and missing dividend yield.
Positive Factors
Conservative balance sheet
Low leverage materially reduces refinancing and interest-rate risk for a cyclical developer. A conservatively funded balance sheet preserves optionality to fund projects, hold assets through downturns, or pursue opportunistic acquisitions without immediate pressure to sell, supporting medium-term resilience.
Negative Factors
Weak recent cash conversion
Sustained negative operating and free cash flow over several years indicates poor cash conversion of reported profits, likely driven by project timing or working-capital strain. Persisting cash deficits threaten funding for development, may force asset disposals or external financing, and limit capital allocation flexibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Low leverage materially reduces refinancing and interest-rate risk for a cyclical developer. A conservatively funded balance sheet preserves optionality to fund projects, hold assets through downturns, or pursue opportunistic acquisitions without immediate pressure to sell, supporting medium-term resilience.
Read all positive factors
Hong Lai Huat Group Limited (CTO) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$36.74M
Dividend YieldN/A
Average Volume (3M)493.98K
Price to Earnings (P/E)2.7
Beta (1Y)0.37
Revenue GrowthN/A
EPS GrowthN/A
CountrySG
Employees7
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)0.03
Shares Outstanding483,464,800
10 Day Avg. Volume688,680
30 Day Avg. Volume493,980
Financial Highlights & Ratios
PEG Ratio-0.01
Price to Book (P/B)0.34
Price to Sales (P/S)14.14
P/FCF Ratio-8.18
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
Hong Lai Huat Group Limited Business Overview & Revenue Model
Company Description
Hong Lai Huat Group Limited, a Singapore-headquartered investment holding firm, specializes in real estate and property development within Singapore and Cambodia. The company's activities involve both investing in and constructing a diverse range ...
How the Company Makes Money
The company makes money mainly by generating returns from its property-related activities and, where applicable, from agricultural/food operations. In real estate, revenue is typically earned through (i) property development sales—recognising reve...
Hong Lai Huat Group Limited Financial Statement Overview
Summary
Income Statement
42
Neutral
Balance Sheet
74
Positive
Cash Flow
35
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.78M | 102.00K | -184.00K | 1.64M | 16.73M |
| Gross Profit | 933.00K | 15.00K | -103.00K | 677.00K | 10.24M |
| EBITDA | -5.71M | -4.60M | -4.35M | -10.93M | 7.31M |
| Net Income | 14.68M | -12.93M | -23.21M | -12.05M | 3.48M |
Balance Sheet | |||||
| Total Assets | 117.16M | 110.59M | 133.35M | 156.11M | 171.82M |
| Cash, Cash Equivalents and Short-Term Investments | 21.60M | 27.48M | 3.98M | 11.63M | 26.17M |
| Total Debt | 356.00K | 1.08M | 11.92M | 5.54M | 6.04M |
| Total Liabilities | 2.48M | 5.71M | 22.06M | 21.08M | 23.15M |
| Stockholders Equity | 114.81M | 105.09M | 111.28M | 135.03M | 148.68M |
Cash Flow | |||||
| Free Cash Flow | -4.81M | -5.82M | -6.03M | 1.28M | 7.86M |
| Operating Cash Flow | -4.58M | -5.16M | -5.64M | 1.86M | 9.09M |
| Investing Cash Flow | 1.73M | 39.50M | -7.05M | -14.38M | -1.17M |
| Financing Cash Flow | -1.77M | -8.61M | 4.51M | -3.31M | 8.42M |
Hong Lai Huat Group Limited Technical Analysis
Negative
0.07
Price Trends
0.08
Negative
0.09
Negative
0.07
Positive
Market Momentum
>-0.01
Negative
41.14
Neutral
54.55
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:CTO, the sentiment is Negative. The current price of 0.07 is below the 20-day moving average (MA) of 0.08, below the 50-day MA of 0.08, and below the 200-day MA of 0.07, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 41.14 is Neutral, neither overbought nor oversold. The STOCH value of 54.55 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:CTO.
Hong Lai Huat Group Limited Peers Comparison
UnderperformOutperform
Sector (65)
SG:CTO
Hong Lai Huat Group Limited
0.08
0.03
65.22%
SG:5UX
Oxley Holdings Ltd.
0.08
-0.02
-16.67%
SG:5I1
KOP Limited
0.04
<0.01
7.32%
SG:5PC
Goodland Group Ltd.
0.12
>-0.01
-6.25%
SG:F1E
Low Keng Huat Singapore Ltd
0.78
0.35
81.40%
SG:PH0
Hatten Land Limited
0.01
0.00
0.00%
Hong Lai Huat Group Limited Corporate Events
Hong Lai Huat shareholders back 2025 accounts, board slate and fee cut at AGM
May 26, 2026
Shareholders of Hong Lai Huat Group Limited convened at the company’s annual general meeting in Singapore, where all formalities, including quorum confirmation, notice adoption and poll voting procedures, were completed under the oversight o...
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.