Tiong Seng Holdings

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
- 06 Feb 2025 General Announcement::Secured Loan Facilities of Up to S$90,000,000
- 21 Jan 2025 Disclosure of Interest/ Changes in Interest of Substantial Shareholder(s)/ Unitholder(s)::Change in interest of Substantial Shareholder
- 21 Jan 2025 Disclosure of Interest/ Changes in Interest of Director/ Chief Executive Officer::Change in interest of Director
- 20 Jan 2025 Placements::PROPOSED PLACEMENT OF 20,000,000 NEW ORDINARY SHARES - COMPLETION OF PROPOSED PLACEMENT
- 13 Jan 2025 REPL::Placements::PROPOSED PLACEMENT OF 20,000,000 NEW ORDINARY SHARES - RECEIPT OF APPROVAL IN-PRINCIPLE
- 30 Dec 2024 General Announcement::Tiong Seng and Continental Steel Boost Strategic Partnership
- 30 Dec 2024 Placements::PROPOSED PLACEMENT OF 20,000,000 NEW ORDINARY SHARES IN THE CAPITAL
- 30 Dec 2024 Change - Announcement of Appointment::Appointment of Chief Financial Officer
- 30 Dec 2024 Change - Announcement of Cessation::Cessation of Chief Financial Officer
- 14 Nov 2024 Announcement in Relation to Regulatory Actions by SGX and/or Other Authorities::Quarterly Update Pursuant To Rule 1313(2) Of The Listing Manual
- 30 Oct 2024 General Announcement::Changes In The Composition of The Board of Directors And Board Committees
- 29 Oct 2024 Change - Announcement of Appointment::Appointment Of Non-Executive Non-Independent Director
- 29 Oct 2024 Change - Announcement of Cessation::Resignation of Non-Independent Non-Executive Director
- 22 Oct 2024 General Announcement::Minutes of the Annual General Meeting
- 15 Oct 2024 General Announcement::Tiong Seng Opens First Senior Care Facility in Tianjin to Tap on China's Growing Silver Economy
- 16 Sep 2024 General Announcement::Change of Company Secretaries
- 06 Sep 2024 General Announcement::Contract Awarded For New Building Construction
- 12 Aug 2024 General Announcement::Contract Awarded For The Proposed Additions & Alterations To The Singapore Aviation Academy
- 12 Aug 2024 Announcement in Relation to Regulatory Actions by SGX and/or Other Authorities::Quarterly Update Pursuant To Rule 1313(2) Of The Listing Manual
- 12 Aug 2024 Asset Acquisitions and Disposals::Announcement Pursuant To Rule 706A Of The Listing Manual Of The SGX-ST
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 |