Tuan Sing Holdings Limited (T24) AI Stock Analysis

• Market Cap: S$375.03M
• Dividend Yield: 2.15%
• Average Volume (3M): 1.58M
• Price to Earnings (P/E): 12.6
• Beta (1Y): 1.18
• Revenue Growth: -41.12%
• EPS Growth: N/A
• Country: SG
• Employees: 777
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Diversified
• EPS (TTM): 0.01
• Shares Outstanding: 1,262,875,600
• 10 Day Avg. Volume: 1,597,980
• 30 Day Avg. Volume: 1,575,473
• PEG Ratio: 0.01
• Price to Book (P/B): 0.33
• Price to Sales (P/S): 2.78
• P/FCF Ratio: 18.31
• 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: 58 Neutral
• Price Target: S$0.31 ▼(-8.24% Downside)
• Action: Reiterated Date: 03/02/26
• Date: Action: Reiterated 03/02/26

The score is held back mainly by weaker financial quality—sharp revenue decline, elevated leverage with low ROE, and volatile free cash flow—despite a meaningful profitability rebound in 2025. Technicals are a clear positive with price strength above key moving averages and supportive momentum indicators, while valuation is reasonable but not compelling.

Positive Factors

Margin Improvement

A marked improvement in gross and net margins in 2025 indicates stronger project mix or pricing power in the property portfolio. Higher margins sustainably boost operating cash generation, improve debt-service capacity and create headroom for reinvestment or selective development over the medium term.

Negative Factors

Sharp Revenue Decline

A near-halving of revenue over two years materially reduces scale and weakens fixed-cost absorption in an asset-heavy business. Persistent lower top-line will pressure long-term earnings sustainability and cash flows, making results more sensitive to project timing and cyclical property demand.

Tuan Sing Holdings Limited Business Overview & Revenue Model

Company Description

Tuan Sing Holdings Limited, an investment holding company, engages in the property development and investment, hotels investment, and industrial services businesses in Singapore, Australia, China, Malaysia, and Indonesia. It operates through five ...

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Tuan Sing Holdings Limited, an investment holding company, engages in the property development and investment, hotels investment, and industrial services businesses in Singapore, Australia, China, Malaysia, and Indonesia. It operates through five ...

How the Company Makes Money

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Tuan Sing Holdings Limited Financial Statement Overview

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	156.33M	146.00M	192.52M	303.72M	225.30M	248.71M
Gross Profit	71.62M	74.22M	76.23M	89.97M	86.86M	70.12M
EBITDA	38.38M	24.85M	41.65M	71.77M	28.28M	109.22M
Net Income	23.45M	32.14M	2.34M	4.84M	4.59M	83.66M
Balance Sheet
Total Assets	2.71B	2.80B	2.70B	2.62B	2.66B	2.76B
Cash, Cash Equivalents and Short-Term Investments	142.52M	159.81M	151.46M	211.53M	243.12M	376.60M
Total Debt	1.35B	1.40B	1.32B	1.23B	1.28B	1.35B
Total Liabilities	1.52B	1.58B	1.48B	1.39B	1.43B	1.50B
Stockholders Equity	1.19B	1.22B	1.22B	1.23B	1.22B	1.25B
Cash Flow
Free Cash Flow	-26.30M	22.12M	-45.63M	136.43M	43.04M	73.05M
Operating Cash Flow	69.66M	41.27M	79.31M	143.41M	54.91M	79.59M
Investing Cash Flow	-148.65M	-93.67M	-180.06M	-53.30M	-78.24M	485.69M
Financing Cash Flow	49.10M	56.36M	28.16M	-122.55M	-111.93M	-366.55M

Tuan Sing Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.34
• 50DMA: Negative
• 100DMA: Negative
• 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:T24, the sentiment is Negative. The current price of 0.34 is above the 20-day moving average (MA) of 0.32, above the 50-day MA of 0.34, and above the 200-day MA of 0.31, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 39.10 is Neutral, neither overbought nor oversold. The STOCH value of 16.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:T24.

Tuan Sing Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
O10	65 Neutral	S$574.40M	11.27	4.34%	3.17%	-2.21%	-20.80%
5IC	65 Neutral	S$268.67M	1.34	3.30%	2.20%	118.91%	50.78%
BTE	63 Neutral	S$356.62M	40.79	―	8.67%	0.62%	22.60%
T24	58 Neutral	S$375.03M	12.61	1.99%	2.15%	-41.12%	―
LJ3	47 Neutral	S$768.72M	-3.23	-4.89%	1.69%	-1.32%	-211.26%
5UX	41 Neutral	S$356.33M	53.23	-0.79%	―	8.71%	93.81%