WEE HUR Reports Second Quarter Financial Year 2023 Earnings Results on August 11, 2023
August 15, 2023
🌥️Earnings Overview
On August 11 2023, WEE HUR ($SGX:E3B) announced their financial results for the second quarter of their fiscal year 2023. There was a 15.7% decrease in total revenue, amounting to SGD 99.2 million. Moreover, their net income plummeted from SGD 6.5 million in the same quarter of the previous year to SGD -21.8 million.
Share Price
On Friday, WEE HUR stock opened at SG$0.2 and closed at SG$0.2, down by 0.5% from its prior closing price of 0.2. The share price decline could reflect the volatility of the stock market, as well as overall investor sentiment towards WEE HUR’s performance in the quarter. WEE HUR’s management team is confident that the second quarter financial results will be in line with expectations. Investors should pay close attention to the results of the second quarter of Financial Year 2023 for WEE HUR.
While the stock is currently down 0.5%, the potential for growth is still there. It will be important to pay attention to the company’s outlook and guidance for the remainder of Financial Year 2023 in order to make an informed investment decision. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Wee Hur. More…
| Total Revenues | Net Income | Net Margin |
| 211.99 | 39.57 | -27.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Wee Hur. More…
| Operations | Investing | Financing |
| 76.49 | -84.91 | -4.1 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Wee Hur. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 713.44 | 218.5 | 0.53 |
Key Ratios Snapshot
Some of the financial key ratios for Wee Hur are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 2.7% | -17.1% | 2.4% |
| FCF Margin | ROE | ROA |
| 35.7% | 0.6% | 0.4% |
Analysis
As part of our analysis of WEE HUR‘s financials, our Risk Rating shows that WEE HUR is a medium risk investment when it comes to financial and business aspects. We have identified three risk warnings in the income sheet, balance sheet and cashflow statement. The income sheet shows that WEE HUR has a high degree of debt compared to its overall revenue. This could indicate a higher degree of risk associated with their operations. The balance sheet also indicates that WEE HUR has a low level of assets to liabilities, meaning that they may not have enough collateral to cover their liabilities in the event of a downturn. Finally, the cashflow statement shows that WEE HUR has had a history of low cashflows relative to its expenses. This could be a sign of potential financial difficulties in the future. If you are considering investing in WEE HUR, make sure to check out our full report for the complete breakdown of the company’s financials. To access our comprehensive analysis, register on GoodWhale.com today. More…
Peers
It is one of the most prominent players in the industry, alongside YIT Oyj, Sysma Holdings Ltd, and Nordecon AS. All four companies have achieved considerable success in their respective markets and have established themselves as leaders in the construction and development sector.
– YIT Oyj ($BER:YIT)
YIT Oyj is a Finnish real estate infrastructure services provider, focusing on growth and development of cities, communities and businesses. YIT Oyj’s market capitalization of 443.33M as of 2023 reflects investor confidence in the company’s financial performance. Its return on equity of 5.25% indicates that the company is profitable and efficient in utilizing its equity to generate returns. YIT Oyj provides a wide range of services, including the planning, construction, and maintenance of residential, commercial and industrial properties. The company also offers traffic and transport services, waste management services, landscaping services, and other infrastructure services.
– Sysma Holdings Ltd ($SGX:5UO)
Sysma Holdings Ltd is a Singapore-based construction and engineering company that specializes in providing total construction solutions for residential, commercial, and industrial projects. As of 2023, the company’s market capitalization stands at 31.54M, reflecting its impressive financial performance over the years. The company’s Return on Equity (ROE) stands at 3.63%, which demonstrates its efficient management and utilization of assets. Sysma Holdings Ltd is well-positioned in the competitive construction services sector and is expected to continue to deliver strong returns for investors.
– Nordecon AS ($LTS:0NZ8)
Nordecon AS is a publicly traded construction company headquartered in Estonia. The company specializes in the design and construction of residential and commercial buildings, as well as infrastructure projects such as roads and bridges. Currently, Nordecon AS has a market cap of 23.81M as of 2023, making it one of the most valuable companies on the Estonian stock exchange. Additionally, Nordecon’s return on equity (ROE) stands at -3.76%, a metric which indicates how successful the company’s management has been at utilizing the company’s assets to generate profits.
Summary
Investors should take note of WEE HUR‘s second quarter financial results for 2023, which showed a significant decline in total revenue and net income. Total revenue decreased by 15.7% to SGD 99.2 million, while net income dropped to SGD -21.8 million, a staggering decrease from SGD 6.5 million the same quarter of the previous year. These results suggest investors should be cautious when considering investing in WEE HUR due to the company’s instability. Furthermore, factors such as potential changes in the economy and other external factors could play a role in WEE HUR’s future financial performance.
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