SING HOLDINGS Reports Second Quarter Financial Results for FY2023
August 10, 2023
🌥️Earnings Overview
On August 8 2023, SING HOLDINGS ($SGX:5IC) announced its financial results for the second quarter of FY2023, which ended on June 30 2023. Total revenue came in at SGD 3.6 million, a decrease of 92.8% from the corresponding period the year before. Net income was SGD 2.5 million, a decrease of 54.5% year over year.
Share Price
The financial results gave insight into SING HOLDINGS‘ performance in the second quarter.
Additionally, cash flow from operations increased by 10% compared to the same period last year. This resulted in an overall positive outlook for the company’s financial health. Furthermore, SING HOLDINGS announced a number of initiatives to boost their growth and profitability. These included launching new products and services, expanding overseas operations, and investing in research and development. The company also launched a new website and marketing campaigns to help reach its goals. The company’s stock opened at SG$0.3 and closed at SG$0.4, indicating positive investor sentiment in the stock. Furthermore, the company’s initiatives to boost growth and profitability should help it continue to perform well in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Sing Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 14.98 | 7.84 | 51.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Sing Holdings. More…
| Operations | Investing | Financing |
| 99.42 | -3.61 | -42.74 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Sing Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 737.66 | 418.06 | 0.78 |
Key Ratios Snapshot
Some of the financial key ratios for Sing Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -63.9% | -65.3% | 47.6% |
| FCF Margin | ROE | ROA |
| 636.8% | 1.4% | 0.6% |
Analysis
GoodWhale has evaluated the financials of SING HOLDINGS and found it to have an intermediate health score of 6/10 with regard to its cashflows and debt. This indicates that SING HOLDINGS is likely to be able to pay off its debt and fund future operations. We have classified SING HOLDINGS as a ‘cow’, a type of company that has a track record of paying out consistent and sustainable dividends. This makes SING HOLDINGS an attractive option for investors who are looking for a steady return on their investment. SING HOLDINGS is strong in asset, dividend, medium in profitability and weak in growth. This suggests that it is more suitable for investors who prioritize security over high returns. Investors looking for long-term stability are likely to benefit from investing in SING HOLDINGS. More…
Peers
The competition in the global marketplace is fierce, and SING Holdings Ltd is no exception. It faces stiff competition from several major players in the industry, including China Resources Mixc Lifestyle Services Ltd, CIFI Ever Sunshine Services Group Ltd, and Reginn hf. All of these companies are vying to provide the best services and products to their customers, and SING Holdings Ltd must continually strive to stay ahead of its competitors if it wishes to remain competitive.
– China Resources Mixc Lifestyle Services Ltd ($SEHK:01209)
China Resources Mixc Lifestyle Services Ltd. is a lifestyle services company that provides retail and shopping mall services, including advertising, sales, and property management services. The company has a market capitalization of 87.31 billion as of 2023, making it one of the largest companies in China. It has also achieved an impressive Return on Equity (ROE) of 13.11%, which reflects its strong performance in terms of generating profits from its operations. This profitability is a result of the company’s success in providing quality services to its customers and creating a positive brand image.
– CIFI Ever Sunshine Services Group Ltd ($SEHK:01995)
At the end of 2023, Ever Sunshine Services Group Ltd had a market capitalization of 5.34 billion USD. This indicates that the company is highly valuable and has been able to generate a large amount of wealth for its shareholders. The company’s Return on Equity also stood at 14.27%, showing that Ever Sunshine Services Group Ltd has been able to produce a healthy return on shareholders’ equity. As a leading Chinese real estate and hotel services provider, Ever Sunshine Services Group Ltd specializes in asset management, property development, hotel operations, and other related services. The company’s high market cap and strong ROE demonstrate that it is well-positioned for continued success in the future.
Summary
SING HOLDINGS has released its financial results for the second quarter of FY2023, showing a 92.8% decrease in total revenue compared to the same period last year, amounting to SGD 3.6 million. Net income also declined 54.5% year over year to SGD 2.5 million. For investors, these results indicate a weak outlook for the company from an investing standpoint, and a potential lack of momentum in the near term. As such, investors should proceed with caution when considering an investment in SING HOLDINGS, and may wish to wait for more positive news before entering or exiting positions in the stock.
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