UOB-Kay Hian Holdings Limited (SG:U10)
SGX:U10
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UOB-Kay Hian Holdings Limited
(SGX:U10)
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Rating:72Outperform
Price Target:
S$4.50
▲(73.08% Upside)
Action:ReiteratedDate:04/16/26
The score is driven primarily by solid financial performance (strong profitability and improving 2025 growth) but constrained by cash-flow volatility and weaker cash conversion. Technicals add support due to a strong uptrend and positive momentum, though overbought signals suggest near-term risk. Valuation contributes less because the provided P/E is not usable, with only a moderate dividend yield offering support.
Positive Factors
Strong profitability and revenue momentum
Sustained high margins and accelerated 2025 revenue growth point to durable operating leverage in core brokerage and capital markets services. Strong margins provide buffer against market swings, enabling reinvestment in platforms and client services and supporting long‑term earnings power.
Negative Factors
Volatile cash generation and weak cash conversion
Irregular and sometimes negative cash flows make long‑term planning and capital allocation harder for a broker whose revenues track market activity. Weak conversion of earnings to cash increases exposure to funding stress during downturns and constrains reliable shareholder returns or investment programs.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong profitability and revenue momentum
Sustained high margins and accelerated 2025 revenue growth point to durable operating leverage in core brokerage and capital markets services. Strong margins provide buffer against market swings, enabling reinvestment in platforms and client services and supporting long‑term earnings power.
Read all positive factors
UOB-Kay Hian Holdings Limited (U10) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$4.20B
Dividend Yield4.63%
Average Volume (3M)749.30K
Price to Earnings (P/E)―
Beta (1Y)0.81
Revenue Growth9.92%
EPS Growth3.40%
CountrySG
Employees3,123
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)0.22
Shares Outstanding984,188,230
10 Day Avg. Volume641,890
30 Day Avg. Volume749,300
Financial Highlights & Ratios
PEG Ratio2.46
Price to Book (P/B)1.08
Price to Sales (P/S)3.20
P/FCF Ratio22.74
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
S$40.00Price Target Upside1438.46% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.29
Revenue Forecast (FY)S$461.43M
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...
How the Company Makes Money
UOB-Kay Hian primarily makes money by charging fees and earning trading-related income connected to client investing activity. Key revenue streams generally include: (1) Brokerage commissions and fees: The company earns commissions when clients tr...
UOB-Kay Hian Holdings Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
70
Positive
Cash Flow
56
Neutral
| 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
Positive
2.60
Price Trends
3.33
Positive
2.99
Positive
2.70
Positive
Market Momentum
0.21
Negative
66.18
Neutral
79.47
Neutral
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 3.58, below the 50-day MA of 3.33, and below the 200-day MA of 2.70, indicating a bullish trend. The MACD of 0.21 indicates Negative momentum. The RSI at 66.18 is Neutral, neither overbought nor oversold. The STOCH value of 79.47 is Neutral, 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
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | S$98.33B | 6.02 | 24.77% | 4.71% | -5.80% | -2.09% | |
72 Outperform | S$167.26B | 13.78 | 15.25% | 5.06% | -5.26% | -3.07% | |
72 Outperform | S$4.20B | ― | 7.18% | 4.63% | 9.92% | 3.40% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | S$60.61B | 4.02 | 9.22% | 6.49% | -9.13% | -21.93% | |
55 Neutral | S$1.93B | 34.73 | 2.65% | ― | 3.61% | -11.98% | |
49 Neutral | S$939.72M | -1.88 | -0.19% | 3.76% | -32.47% | -101.73% |
* Financial Sector Average
SG:U10
UOB-Kay Hian Holdings Limited
4.27
2.64
161.80%
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UOB-Kay Hian Holdings Limited Corporate Events
UOB-Kay Hian Sells Entire Treasury Shareholding for S$40.2 Million
May 5, 2026
UOB-Kay Hian Holdings Limited has fully disposed of its 9,947,000 treasury shares, representing 1.02% of its issued share capital, via off-market married trades at S$4.04 per share. The sale, completed on 5 May 2026 for total proceeds of S$40.2 mi...
UOB-Kay Hian Trims Treasury Stock in S$222,000 On-Market Sale
May 4, 2026
UOB-Kay Hian Holdings Limited has sold 53,000 treasury shares on 4 May 2026 via on-market transactions at a price of S$4.18185 per share, raising proceeds of S$221,638.05 for general corporate purposes. Following the sale, the company’s trea...
UOB-Kay Hian Expands Hong Kong Footprint With New Insurance Advisory Subsidiary
Feb 9, 2026
UOB-Kay Hian Holdings Limited has incorporated a new indirect wholly owned subsidiary, UOB Kay Hian Insurance Advisors (Hong Kong) Limited, in Hong Kong on 4 November 2024. The unit, fully owned via UOB Kay Hian Overseas Limited and capitalised at...
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.