UOB-Kay Hian Holdings Limited (U10) AI Stock Analysis

• Market Cap: S$3.29B
• Dividend Yield: 4.63%
• Average Volume (3M): 749.30K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.83
• Revenue Growth: 7.87%
• EPS Growth: -4.03%
• Country: SG
• Employees: 3,123
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Capital Markets
• EPS (TTM): 0.15
• Shares Outstanding: 984,188,230
• 10 Day Avg. Volume: 641,890
• 30 Day Avg. Volume: 749,300
• PEG Ratio: 2.46
• Price to Book (P/B): 1.08
• Price to Sales (P/S): 3.20
• P/FCF Ratio: 22.74
• 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: S$40.00
• Price Target Upside: 1438.46% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): 0.29
• Revenue Forecast (FY): S$461.43M

• Rating: 72 Outperform
• Price Target: S$3.50 ▲(34.62% Upside)
• Action: Upgraded Date: 03/04/26
• Date: Action: Upgraded 03/04/26

The score is driven primarily by solid financial performance (strong profitability and a generally sound, improved leverage profile) tempered by cash-flow volatility and weaker cash conversion. Technicals are supportive with a clear uptrend and positive momentum signals, while valuation is reasonably attractive with a moderate P/E and a solid dividend yield.

Positive Factors

High Profitability and Margins

Very high 2025 margins indicate efficient operations and a strong fee-margin business typical of leading brokers. Durable profitability improves the firm’s ability to invest in trading platforms and talent, support dividend distributions, and better weather periods of low trading activity.

Negative Factors

Weak Cash Conversion / Volatile Cash Flow

Operating cash flow at only ~10% of net income despite positive free cash flow in 2025 highlights weak cash conversion and historical volatility. This undermines earnings quality, constrains sustainable dividends and reinvestment, and raises funding vulnerability if trading activity weakens.

UOB-Kay Hian Holdings Limited Business Overview & Revenue Model

Company Description

UOB-Kay Hian Holdings Limited, an investment holding company, provides stockbroking, futures broking, structured lending, investment trading, margin financing, and nominee and research services in Singapore, Hong Kong, Thailand, Malaysia, and inte...

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UOB-Kay Hian Holdings Limited, an investment holding company, provides stockbroking, futures broking, structured lending, investment trading, margin financing, and nominee and research services in Singapore, Hong Kong, Thailand, Malaysia, and inte...

How the Company Makes Money

UOB-Kay Hian generates revenue through multiple key streams. Primarily, the company earns money from brokerage commissions on stock and securities trades conducted by its clients. This includes both retail and institutional trading activities. Add...

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UOB-Kay Hian generates revenue through multiple key streams. Primarily, the company earns money from brokerage commissions on stock and securities trades conducted by its clients. This includes both retail and institutional trading activities. Add...

UOB-Kay Hian Holdings Limited Financial Statement Overview

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	654.91M	767.45M	532.70M	454.47M	444.28M	614.90M
Gross Profit	654.91M	613.21M	241.15M	218.36M	223.19M	303.99M
EBITDA	0.00	318.38M	304.95M	257.38M	178.24M	230.10M
Net Income	209.54M	239.37M	224.22M	170.36M	101.88M	151.88M
Balance Sheet
Total Assets	5.68B	5.68B	4.59B	3.99B	4.32B	4.52B
Cash, Cash Equivalents and Short-Term Investments	1.81B	1.69B	1.22B	1.34B	1.53B	986.70M
Total Debt	1.52B	1.29B	832.58M	846.28M	1.40B	1.46B
Total Liabilities	3.56B	3.39B	2.46B	2.08B	2.52B	2.76B
Stockholders Equity	2.11B	2.27B	2.12B	1.89B	1.78B	1.74B
Cash Flow
Free Cash Flow	-132.03K	107.98M	-96.67M	379.94M	795.70M	63.73M
Operating Cash Flow	5.75M	122.72M	-91.92M	384.09M	798.36M	68.83M
Investing Cash Flow	-5.35M	-15.14M	-4.08M	-3.25M	-1.89M	-2.68M
Financing Cash Flow	669.82M	388.71M	-65.52M	-577.61M	-101.96M	-28.82M

UOB-Kay Hian Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2.60
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:U10, the sentiment is Positive. The current price of 2.6 is below the 20-day moving average (MA) of 3.14, below the 50-day MA of 3.09, and above the 200-day MA of 2.58, indicating a bullish trend. The MACD of 0.04 indicates Negative momentum. The RSI at 60.37 is Neutral, neither overbought nor oversold. The STOCH value of 85.38 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:U10.

UOB-Kay Hian Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
U10	72 Outperform	S$3.29B	―	9.75%	4.63%	7.87%	-4.03%
S41	71 Outperform	S$1.14B	18.75	2.98%	4.87%	-10.51%	-15.79%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
TCU	67 Neutral	S$283.38M	―	22.19%	3.13%	5.17%	-2.09%
HKB	53 Neutral	S$1.44B	22.13	3.46%	―	―	―
YF8	49 Neutral	S$852.71M	-1.88	-0.19%	3.76%	-9.47%	131.72%

UOB-Kay Hian Holdings Limited Corporate Events