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Tiong Seng
About Tiong Seng Holdings Limited Established in 1959 and listed on the Mainboard of the Singapore Exchange since 2010, Tiong Seng Holdings Limited (SGX: BFI) is principally engaged in three core pillars of business: Building Construction & Civil Engineering, Property Development and Engineering Solutions. Tiong Seng is one of the leading building and civil engineering contractors in Singapore, and holds the highest grading of A1 from the Building and Construction Authority (BCA) for both general building and civil engineering, qualifying the Group to undertake public sector projects with unlimited contract value. For over 60 years, Tiong Seng has built up a comprehensive track record of private and public sector projects of different complexity, uses and sizes. On the property development front, Tiong Seng has successfully developed both residential and commercial projects in various second and third-tier cities in China, including Tianjin, Suzhou and Yangzhou. The Group currently has three ongoing projects in the Bohai Economic Rim, one of the main economic zones in China. More recently, the Group made headway in the Singapore property market with acquisitions of residential landbanks in the prime districts 9 and 10. As a technological frontrunner, Tiong Seng has developed a diverse portfolio of innovative innovations which encompasses Engineering Solutions, the Group’s third business segment. This segment provides building solutions as a service and comprises a blend of engineering capabilities such as Prefabricated Prefinished Volumetric Construction (“PPVC”), Pre-cast, Structural Steel, Mass Engineered Timber (“MET”) and Tunnel Segment production. With this assetlight business model, the Group is positioned to capture rising industry demand for modern and efficient building solutions.
Recent Developments
- 6 Nov 2025 General Announcement::Settlement of Legal Proceedings Against The Former Managing Director of Subsidiary And Others
- 31 Oct 2025 General Announcement::Use of Net Proceeds From Placement
- 17 Sep 2025 Asset Acquisitions and Disposals::Proposed Disposal Of Property Located At 6 Tuas South Street 11 - Completion Of Proposed Disposal
- 8 Aug 2025 General Announcement::Filing And Withdrawal of Winding Up Petition In Relation To Subsidiary In Malaysia
- 28 Aug 2025 General Announcement::Tiong Seng Unit Signs MOU To Develop Advanced Precast Solutions For Ghana
Investment Merits
- Established track record of 60 years
- Experienced and dedicated management team
- Strong focus on cost efficiencies, quality and reliability
- Capable of handling a wide spectrum of projects
- Complementary business segments and ability to leverage our experience across these business segments
Stock Information
(as of 02 September 2024)
| Price | Market Cap (SGDm) | Enterprise Value (SGDm) |
|---|---|---|
| SGD 0.0630 | 27.79 | 54.40 |
Key Financial Highlights
| Key Highlights | TTM (SGD) |
|---|---|
| Revenue | 563.91M |
| Net Income Available to Common | 8.34M |
| Profit Margin | 1.48% |
| Return on Assets | 0.34% |
| Return on Equity | 9.11% |
| Price/Sales (ttm) | 0.05 |
| Price/Book (mrq) | 0.36 |
| Enterprise Value/Revenue | 0.10 |
| Enterprise Value/EBITDA | 2.29 |
| Total Cash (mrq) | 68.23M |
| Total Debt/Equity (mrq) | 117.70% |
| Levered Free Cash Flow (ttm) | -34.1M |