SGX:H13Real Estate
Ho Bee Land (SGX:H13) Stock Faces Margin Squeeze And Weak Interest Cover
Ho Bee Land stock closed at SGD2.04 on 7 August, capping a weak three month stretch with the share price down about 6% over 90 days. The market has treated it like just another soft property play. The headline from these H1 2026 numbers is different. Earnings still look high quality and the main story now sits on the balance sheet and valuation strain.
Net profit margins have slipped to 20.3% from 29.5%, while interest costs are not well covered by earnings. At the same time the stock trades...