Hock Lian Seng Holdings Limited (SG:J2T)
SGX:J2T
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Hock Lian Seng Holdings Limited
(SGX:J2T)
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Rating:60Neutral
Price Target:
S$0.39
▼(-11.59% Downside)
Action:Reiterated
Date:02/27/26
The score is primarily driven by mixed financial quality: a very strong, low-debt balance sheet is offset by materially weak and volatile cash flow (including a large 2025 outflow) and some margin/revenue inconsistency. Technical indicators suggest only modest momentum, while valuation is reasonable with a moderate P/E and a supportive dividend yield.
Positive Factors
Low leverage / Strong balance sheet
Extremely low leverage provides durable financial flexibility in a cyclical construction sector. It reduces refinancing and solvency risk during downturns, supports competitive bidding, allows the firm to absorb project delays or claims, and underpins capacity to invest in equipment or take larger public works contracts.
Negative Factors
Volatile cash conversion
Material swings in operating and free cash flow, including a very large 2025 outflow, indicate working-capital and project billing timing risks. Poor cash conversion can force external financing, constrain bidding capacity, harm supplier relationships, and weaken resilience to multi-project execution stress.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / Strong balance sheet
Extremely low leverage provides durable financial flexibility in a cyclical construction sector. It reduces refinancing and solvency risk during downturns, supports competitive bidding, allows the firm to absorb project delays or claims, and underpins capacity to invest in equipment or take larger public works contracts.
Read all positive factors
Hock Lian Seng Holdings Limited (J2T) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$189.48M
Dividend Yield4.29%
Average Volume (3M)191.41K
Price to Earnings (P/E)11.1
Beta (1Y)0.43
Revenue Growth1.53%
EPS Growth-46.88%
CountrySG
Employees339
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.02
Shares Outstanding512,104,000
10 Day Avg. Volume198,500
30 Day Avg. Volume191,406
Financial Highlights & Ratios
PEG Ratio-0.27
Price to Book (P/B)0.73
Price to Sales (P/S)1.14
P/FCF Ratio-2.05
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
Hock Lian Seng Holdings Limited Business Overview & Revenue Model
Company Description
Hock Lian Seng Holdings Limited operates as an investment holding company, with its main business revolving around providing civil engineering services to both public and private clients in Singapore. The company's operations are divided into thre...
How the Company Makes Money
Hock Lian Seng primarily makes money by winning and executing construction and civil engineering contracts. Revenue is generally recognized as work progresses on these projects (based on certified progress claims and/or contractual milestones), an...
Hock Lian Seng Holdings Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
86
Very Positive
Cash Flow
34
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 186.26M | 183.46M | 201.96M | 142.71M | 168.62M |
| Gross Profit | 15.25M | 30.37M | 23.20M | 10.40M | 17.05M |
| EBITDA | 22.48M | 39.95M | 33.16M | 23.14M | 33.26M |
| Net Income | 17.01M | 31.99M | 26.56M | 16.51M | 25.13M |
Balance Sheet | |||||
| Total Assets | 399.31M | 352.54M | 341.00M | 345.34M | 342.51M |
| Cash, Cash Equivalents and Short-Term Investments | 111.36M | 181.92M | 148.99M | 120.76M | 76.45M |
| Total Debt | 45.45M | 411.00K | 85.00K | 0.00 | 0.00 |
| Total Liabilities | 106.40M | 68.07M | 81.92M | 108.19M | 114.86M |
| Stockholders Equity | 292.18M | 283.99M | 258.69M | 237.31M | 227.70M |
Cash Flow | |||||
| Free Cash Flow | -103.58M | 28.79M | -6.91M | 49.89M | 6.08M |
| Operating Cash Flow | -99.98M | 32.46M | -6.23M | 51.06M | 6.73M |
| Investing Cash Flow | -5.79M | 1.62M | 34.34M | -3.37M | 1.99M |
| Financing Cash Flow | 34.51M | -7.36M | -4.67M | -6.40M | -1.28M |
Hock Lian Seng Holdings Limited Technical Analysis
Negative
0.44
Price Trends
0.38
Negative
0.40
Negative
0.41
Negative
Market Momentum
>-0.01
Negative
45.13
Neutral
66.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:J2T, the sentiment is Negative. The current price of 0.44 is above the 20-day moving average (MA) of 0.37, above the 50-day MA of 0.38, and above the 200-day MA of 0.41, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 45.13 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:J2T.
Hock Lian Seng Holdings Limited Peers Comparison
UnderperformOutperform
Sector (63)
SG:J2T
Hock Lian Seng Holdings Limited
0.37
-0.03
-7.12%
SG:ER0
KSH Holdings Limited
0.33
0.09
37.71%
SG:5TT
Keong Hong Holdings Limited
0.13
0.02
14.78%
SG:BFI
Tiong Seng Holdings Limited
0.10
0.02
19.05%
SG:K75
Koh Brothers Group Limited
0.37
0.18
101.66%
SG:L19
Lum Chang Holdings Limited
0.50
0.19
59.74%
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.