U10 Stock Analysis: UOB-KAY HIAN HOLDINGS | SG
Capital Markets | SG, Singapore | Market Cap: 4.281m SGD | 12M Return: 88.7% | SG1J21887414 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 3.52M
Warnings
No concerns identified
Tailwinds
Seasonality
UOB-Kay Hian Holdings Limited is a Singapore-based financial services firm providing stockbroking, futures trading, investment banking, and wealth management services. The company operates an integrated business model that serves retail, institutional, and high-net-worth clients across major global markets including Hong Kong, Thailand, Malaysia, and North America.
The firm functions as a diversified intermediary in the capital markets, earning revenue through commission-based brokerage, interest income from margin financing, and advisory fees from corporate finance activities. In the investment banking and brokerage sub-industry, firms often rely on high trading volumes and market volatility to drive brokerage income, while utilizing structured lending to provide liquidity for corporate restructuring and privatizations.
- Trading volume fluctuations in Singapore and Hong Kong markets impact commission income
- Interest rate volatility affects net interest margins on margin financing and lending
- Expansion of wealth management assets under management drives recurring fee revenue
- Regional economic growth in Southeast Asia supports corporate finance and underwriting activity
| Net Income: 239.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.01 > 0.02 and ΔFCF/TA 0.66 > 1.0 |
| NWC/Revenue: 343.5% < 20% (prev 364.3%; Δ -20.80% < -1%) |
| CFO/TA -0.01 > 3% & CFO -67.4m > Net Income 239.4m |
| Net Debt (-1.26b) to EBITDA (183.2m): -6.88 < 3 |
| Current Ratio: 1.64 > 1.5 & < 3 |
| Outstanding Shares: last quarter (974.2m) vs 12m ago 8.24% < -2% |
| Gross Margin: 42.92% > 18% (prev 45.27%; Δ -2.35% > 0.5%) |
| Asset Turnover: 12.14% > 50% (prev 11.60%; Δ 0.55% > 0%) |
| Interest Coverage Ratio: 4.13 > 6 (EBIT TTM 167.7m / Interest Expense TTM 40.6m) |
| A: 0.38 (Total Current Assets 5.49b - Total Current Liabilities 3.34b) / Total Assets 5.68b |
| B: 0.34 (Retained Earnings 1.93b / Total Assets 5.68b) |
| C: 0.03 (EBIT TTM 167.7m / Avg Total Assets 5.14b) |
| D: 0.67 (Book Value of Equity 2.27b / Total Liabilities 3.39b) |
| Altman-Z'' = 4.50 = AA |
| DSRI: 1.03 (Receivables 2.57b/2.13b, Revenue 623.7m/532.7m) |
| GMI: 1.05 (GM 45.27% / 42.92%) |
| AQI: 0.52 (AQ_t 0.03 / AQ_t-1 0.05) |
| SGI: 1.17 (Revenue 623.7m / 532.7m) |
| TATA: 0.05 (NI 239.4m - CFO -67.4m) / TA 5.68b) |
| Beneish M = -3.11 (Cap -4..+1) = AA |
As of August 22, 2026, the stock is trading at SGD 4.16 with a total of 1,138,400 shares traded. Over the past week, the price has changed by -4.37%, over one month by -1.19%, over three months by +4.52% and over the past year by +88.68%.
Current recommended Stop Loss: 3.80 (which is 8.7% or 2.3 ATR below the current price).
UOB-KAY HIAN HOLDINGS has no consensus analysts rating.
P/E Trailing = 17.4
P/E Forward = 11.0011
P/S = 5.9226
P/B = 1.8862
Revenue TTM = 623.7m SGD
EBIT TTM = 167.7m SGD
EBITDA TTM = 183.2m SGD
Long Term Debt = unknown (none)
Short Term Debt = 1.26b SGD (from shortLongTermDebt, last quarter)
Debt = 30.0m SGD (Leases only: 30.0m)
Net Debt = -1.26b SGD (calculated: Debt 30.0m - CCE 1.29b)
Enterprise Value = 3.02b SGD (4.28b + Debt 30.0m - CCE 1.29b)
Interest Coverage Ratio = 4.13 (Ebit TTM 167.7m / Interest Expense TTM 40.6m)
EV/FCF = -36.79x (Enterprise Value 3.02b / FCF TTM -82.1m)
FCF Yield = -2.72% (FCF TTM -82.1m / Enterprise Value 3.02b)
FCF Margin = -13.17% (FCF TTM -82.1m / Revenue TTM 623.7m)
Net Margin = 38.38% (Net Income TTM 239.4m / Revenue TTM 623.7m)
Gross Margin = 42.92% ((Revenue TTM 623.7m - Cost of Revenue TTM 356.0m) / Revenue TTM)
Gross Margin QoQ = none% (prev none%)
Tobins Q-Ratio = 0.53 (Enterprise Value 3.02b / Total Assets 5.68b)
Interest Expense / Debt = 135.5% (Interest Expense 40.6m / Debt 30.0m)
Taxrate = 11.60% (31.4m / 270.9m)
NOPAT = 148.2m (EBIT 167.7m * (1 - 11.60%))
Current Ratio = 1.64 (Total Current Assets 5.49b / Total Current Liabilities 3.34b)
Debt / Equity = 0.01 (Debt 30.0m / totalStockholderEquity, last quarter 2.27b)
Debt / EBITDA = -6.88 (Net Debt -1.26b / EBITDA 183.2m)
Debt / FCF = 15.35 (negative FCF - burning cash) (Net Debt -1.26b / FCF TTM -82.1m)
Total Stockholder Equity = 2.12b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.66% (Net Income 239.4m / Total Assets 5.68b)
RoE = 11.30% (Net Income TTM 239.4m / Total Stockholder Equity 2.12b)
RoCE = 7.18% (EBIT 167.7m / Capital Employed (Total Assets 5.68b - Current Liab 3.34b))
RoIC = 6.43% (NOPAT 148.2m / Invested Capital 2.31b)
WACC = 8.16% (E(4.28b)/V(4.31b) * Re(8.22%) + (debt cost/tax rate unavailable))
Discount Rate = 8.22% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 97.67 | Cagr: 4.14%
[DCF] Fair Price = unknown (Cash Flow -82.1m)
Revenue Correlation: 100.00 | Revenue CAGR: 17.15% | SUE: N/A | # QB: 0
EPS current Year (2026-12-31): EPS=0.30 | Chg30d=+0.00% | Revisions=+0% | GrowthEPS=+18.5% | GrowthRev=+71.5%
EPS next Year (2027-12-31): EPS=0.32 | Chg30d=+0.00% | Revisions=+0% | GrowthEPS=+7.9% | GrowthRev=+7.3%
[Analyst] Revisions Ratio: +0% (up=0, down=0)