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Hong Fok Corporation Limited
(SGX:H30)
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Rating:61Neutral
Price Target:
S$0.93
▲(11.81% Upside)
Action:Reiterated
Date:08/18/26
The score is primarily supported by stable overall financials—conservative leverage, solid current profitability, and positive free cash flow—offset by uneven multi-year earnings quality and weak recent returns on equity. Technicals meaningfully drag the score, with the stock trading below key moving averages and negative MACD. Valuation is neutral, with a ~19.8 P/E and a modest ~1.14% dividend yield providing limited support.
Positive Factors
Conservative Leverage
Controlled leverage reduces balance-sheet risk and interest burden, giving Hong Fok greater resilience through property-cycle weakness and financial flexibility to maintain operations without relying heavily on additional borrowing.
Negative Factors
Uneven Revenue Trend
Recent stabilization has not yet established a durable growth trajectory. Two annual revenue declines indicate exposure to cyclical property activity or project timing, which can constrain visibility and make future earnings growth less predictable.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Leverage
Controlled leverage reduces balance-sheet risk and interest burden, giving Hong Fok greater resilience through property-cycle weakness and financial flexibility to maintain operations without relying heavily on additional borrowing.
Read all positive factors
Hong Fok Corporation Limited (H30) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$728.56M
Dividend Yield1.14%
Average Volume (3M)571.99K
Price to Earnings (P/E)18.2
Beta (1Y)0.88
Revenue Growth-0.88%
EPS Growth20.85%
CountrySG
Employees81
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)0.05
Shares Outstanding870,612,100
10 Day Avg. Volume512,580
30 Day Avg. Volume571,993
Financial Highlights & Ratios
PEG Ratio0.93
Price to Book (P/B)0.23
Price to Sales (P/S)5.34
P/FCF Ratio18.62
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 Fok Corporation Limited Business Overview & Revenue Model
Company Description
Hong Fok Corporation Limited operates as an investment holding company, with core activities centered on the acquisition, building, expansion, and administration of real estate holdings across Singapore and Hong Kong. The firm develops residential...
How the Company Makes Money
null...
Hong Fok Corporation Limited Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
74
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 106.26M | 99.05M | 104.32M | 110.60M | 153.92M | 90.50M |
| Gross Profit | 106.26M | 69.75M | 83.35M | 78.44M | 98.47M | 57.67M |
| EBITDA | 0.00 | 61.45M | 37.23M | 136.63M | 265.47M | 67.58M |
| Net Income | 30.67M | 28.50M | 23.74M | 88.07M | 220.10M | 38.91M |
Balance Sheet | ||||||
| Total Assets | 3.66B | 3.67B | 3.65B | 3.67B | 3.58B | 3.47B |
| Cash, Cash Equivalents and Short-Term Investments | 0.00 | 57.15M | 45.08M | 80.19M | 51.71M | 69.94M |
| Total Debt | 678.94M | 686.26M | 659.58M | 712.88M | 700.94M | 766.09M |
| Total Liabilities | 747.65M | 747.60M | 719.72M | 771.50M | 761.37M | 850.13M |
| Stockholders Equity | 2.31B | 2.32B | 2.32B | 2.29B | 2.21B | 2.00B |
Cash Flow | ||||||
| Free Cash Flow | 59.48M | 28.42M | 48.38M | 53.57M | 101.00M | 48.65M |
| Operating Cash Flow | 59.48M | 28.99M | 50.07M | 54.51M | 101.51M | 49.33M |
| Investing Cash Flow | -3.24M | -44.33M | 6.69M | 6.22M | 7.61M | -1.25M |
| Financing Cash Flow | -55.59M | 14.98M | -89.00M | -28.74M | -125.09M | -41.57M |
Hong Fok Corporation Limited Technical Analysis
Negative
0.83
Price Trends
0.91
Negative
0.94
Negative
0.88
Positive
Market Momentum
>-0.01
Positive
40.44
Neutral
30.48
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:H30, the sentiment is Negative. The current price of 0.83 is below the 20-day moving average (MA) of 0.89, below the 50-day MA of 0.91, and below the 200-day MA of 0.88, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 40.44 is Neutral, neither overbought nor oversold. The STOCH value of 30.48 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:H30.
Hong Fok Corporation Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | S$80.02M | 14.50 | 0.87% | ― | 8.93% | ― | |
72 Outperform | S$284.69M | 6.75 | 5.59% | 0.46% | 7.49% | 283.69% | |
70 Outperform | S$526.42M | 11.38 | 3.87% | 3.17% | 117.73% | -23.82% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
63 Neutral | S$13.32B | 51.74 | 2.05% | 4.82% | -15.36% | -57.57% | |
61 Neutral | S$728.56M | 18.15 | 1.32% | 1.20% | -0.88% | 20.85% | |
59 Neutral | S$210.52M | 1.50 | 36.61% | 2.20% | 3412.03% | 1089.66% |
* Real Estate Sector Average
SG:H30
Hong Fok Corporation Limited
0.88
0.08
9.79%
SG:O10
Far East Orchard Ltd.
1.07
-0.09
-7.92%
SG:5AE
Pollux Properties Ltd.
0.03
<0.01
38.10%
SG:5IC
Sing Holdings Ltd.
0.42
0.12
38.16%
SG:5JK
Hiap Hoe Ltd.
0.61
0.05
9.21%
SG:9CI
CapitaLand Investment Limited
2.67
0.08
2.97%
Hong Fok Corporation Limited Corporate Events
Hong Fok Profit Rises on Property Valuations as AGM Backs 2025 Accounts
May 29, 2026
Hong Fok reported that for the financial year ended 31 December 2025, revenue fell about 6% due to lower residential sales at Concourse Skyline, but group profit rose roughly S$16 million on lower finance and staff costs and higher fair value gain...
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.