• Home
  • Tiong Seng Holdings

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.

Download presentation slides
Recent Developments

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
Price 0.0850
Market Cap (SGDm) 37.492M
Free Float %
Key financial highlights
Key Highlights 2020 2021 2022  
Revenue (SGD m)
Net Profit
Adjusted net Profit/(Loss) to Owners
Net Asset Value
Net Cash/(Debt)