J2T Intrinsic Value Calculator – HOCK LIAN SENG Reports 90.9% Increase in Revenue for Q2 of Fiscal Year 2023
August 15, 2023

☀️Earnings Overview
For the second quarter of Fiscal Year 2023, which ended on June 30, 2023, HOCK LIAN SENG ($SGX:J2T) reported total revenue of SGD 106.2 million – a 90.9% increase compared to the same quarter in the preceding year. Net income also saw a 15.1% year-over-year rise to SGD 8.9 million.
Analysis – J2T Intrinsic Value Calculator
GoodWhale has conducted an analysis of HOCK LIAN SENG’s financials, revealing a fair value of SG$0.4 per share. Our proprietary Valuation Line, which calculates the fair value of a share based on quantitative metrics such as earnings and debt, was used to reach this conclusion. At present, HOCK LIAN SENG’s stock is trading at SG$0.3, indicating that the company’s share price is currently undervalued by 24.5%. This presents an excellent opportunity for investors to purchase shares of HOCK LIAN SENG at a discounted rate. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for J2T. More…
Total Revenues | Net Income | Net Margin |
193.27 | 17.68 | 9.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for J2T. More…
Operations | Investing | Financing |
12.6 | 23.13 | -5.13 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for J2T. More…
Total Assets | Total Liabilities | Book Value Per Share |
340.74 | 99.99 | 0.47 |
Key Ratios Snapshot
Some of the financial key ratios for J2T are shown below. More…
3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
13.1% | -6.7% | 4.4% |
FCF Margin | ROE | ROA |
6.1% | 2.2% | 1.5% |

Peers
The competition between Hock Lian Seng Holdings Ltd and its competitors, Ken Holdings Bhd, SINOPEC Engineering (Group) Co Ltd, and Kandenko Co Ltd, is fierce. All these companies are striving to stay ahead of the competition in their respective fields, and they are constantly innovating and implementing new strategies to remain competitive. It remains to be seen which company will come out on top in the end.
– Ken Holdings Bhd ($KLSE:7323)
Ken Holdings Bhd is a Malaysian-based company that focuses on investments, property development, construction, and manufacturing. The company has just had a market cap of 80.7M as of 2023, which indicates a significant growth since its establishment in 1999. Meanwhile, its Return on Equity (ROE) is 0.73%, which shows that the company is able to generate profits for its shareholders by reinvesting their capital into the business operations. This is a positive indicator for the company, as it showcases their ability to manage their resources efficiently and to successfully grow their business.
– SINOPEC Engineering (Group) Co Ltd ($SEHK:02386)
SINOPEC Engineering (Group) Co Ltd is a Chinese engineering company with a market capitalization of 16.16 billion dollars as of 2023. The company has a high Return on Equity of 5.95%. SINOPEC Engineering specializes in engineering, procurement, and construction (EPC) services for oil & gas, petrochemical, and other energy related projects. It provides services and products, such as oil refining technology and equipment, chemical industry technology and equipment, pipeline construction, and infrastructure construction. It also provides engineering consulting services, such as project management and engineering design services.
– Kandenko Co Ltd ($TSE:1942)
Kandenko Co Ltd is a global engineering and services company that provides innovative solutions for various industries. With a market cap of 217.18B as of 2023, the company is one of the top players in its sector. In addition to its market capitalization, Kandenko Co Ltd has a respectable Return on Equity (ROE) of 6.89%. This indicates that the company has been able to generate good profits for its shareholders with its current asset allocation.
Summary
HOCK LIAN SENG has released its financial results for the second quarter of Fiscal Year 2023, showing strong year-over-year growth in both total revenue and net income. Total revenue increased by 90.9% to SGD 106.2 million, while net income was up 15.1% to SGD 8.9 million. This demonstrates that HOCK LIAN SENG is well positioned to continue to deliver strong returns to investors, as they benefit from the company’s growing success. This marks an encouraging sign for existing investors, as well as a potential opportunity for new investors considering entering the market.
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