SEHK:8293

Stock Analysis Report

Executive Summary

SingAsia Holdings Limited provides workforce solutions in Singapore.

Snowflake

Fundamentals

Mediocre balance sheet with weak fundamentals.

Share Price & News

How has SingAsia Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-3.4%

8293

-11.2%

HK Professional Services

0.3%

HK Market


1 Year Return

-99.0%

8293

-22.9%

HK Professional Services

1.3%

HK Market

Return vs Industry: 8293 underperformed the Hong Kong Professional Services industry which returned -22.9% over the past year.

Return vs Market: 8293 underperformed the Hong Kong Market which returned 1.3% over the past year.


Shareholder returns

8293IndustryMarket
7 Day-3.4%-11.2%0.3%
30 Day-5.0%-12.4%0.5%
90 Day-53.7%-21.1%-4.6%
1 Year-99.0%-99.0%-22.9%-22.9%4.9%1.3%
3 Year-84.6%-84.6%-49.3%-49.8%15.3%3.7%
5 Yearn/a48.5%36.9%20.0%-0.006%

Price Volatility Vs. Market

How volatile is SingAsia Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is SingAsia Holdings undervalued compared to its fair value and its price relative to the market?

2.46x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 8293's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 8293's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 8293 is unprofitable, so we can't compare its PE Ratio to the Professional Services industry average.

PE vs Market: 8293 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 8293's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 8293 is overvalued based on its PB Ratio (2.5x) compared to the HK Professional Services industry average (2.3x).


Next Steps

Future Growth

How is SingAsia Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

37.3%

Forecasted Commercial Services industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as SingAsia Holdings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

  • Take a look at our analysis of 8293’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • SingAsia Holdings competitive advantages and company strategy can generally be found in its financial reports archived here.
  • Explore growth companies in the Commercial Services industry.

Past Performance

How has SingAsia Holdings performed over the past 5 years?

-68.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 8293 is unprofitable, and losses have increased over the past 5 years at a rate of -68.6% per year.

Accelerating Growth: Unable to compare 8293's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 8293 is unprofitable, making it difficult to compare its past year earnings growth to the Professional Services industry (6.5%).


Return on Equity

High ROE: 8293 has a negative Return on Equity (-75.65%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: 8293 is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: 8293 is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is SingAsia Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 8293's short term assets (SGD6.1M) exceeds its short term liabilities (SGD3.9M)

Long Term Liabilities: 8293 has no long term liabilities


Debt to Equity History and Analysis

Debt Level: 8293's debt to equity ratio (23.8%) is considered satisfactory

Reducing Debt: Insufficient data to determine if 8293's debt to equity ratio has reduced over the past 5 years.


Balance Sheet

Inventory Level: 8293 has a low level of unsold assets or inventory.

Debt Coverage by Assets: 8293's debt is covered by short term assets (assets are 5.137480x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: 8293 has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: 8293 has less than a year of cash runway if free cash flow continues to reduce at historical rates of -51.4% each year


Next Steps

Dividend

What is SingAsia Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.3%markettop25%6.2%industryaverage1.5%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate 8293's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 8293's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if 8293's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 8293's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 8293's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

What is the CEO of SingAsia Holdings's salary, the management and board of directors tenure and is there insider trading?

5.2yrs

Average management tenure


CEO

Frey Ng (46yo)

0yrs

Tenure

0

Mr. Meng Choon Ng, also known as Frey, is a Co-Owner of Centrex Treasure Holdings Limited. Mr. Ng serves as General Manager at SingAsia Holdings Limited. Mr. Ng has been General Manager at TCCS and SAR sin ...


Management Age and Tenure

5.2yrs

Average Tenure

46.5yo

Average Age

Experienced Management: 8293's management team is seasoned and experienced (5.2 years average tenure).


Board Age and Tenure

3.3yrs

Average Tenure

46yo

Average Age

Experienced Board: 8293's board of directors are considered experienced (3.3 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

SellS$4,863,04702 Jul 19
Chun Sing Yeung
EntityIndividual
Shares38,535,000
Max PriceS$0.13
SellS$20,456,80330 Jun 19
Tianqun Sun
EntityIndividual
Shares206,640,000
Max PriceS$0.099
SellS$46,05031 May 19
Centrex Treasure Holdings Limited
EntityCompany
Shares10,000
Max PriceS$4.60
BuyS$826,560,64101 Apr 19
Tianqun Sun
EntityIndividual
Shares206,640,000
Max PriceS$4.00
SellS$474,560,36801 Apr 19
Haifeng Li
EntityIndividual
Shares118,640,000
Max PriceS$4.00
SellS$352,000,27329 Mar 19
Chun Sing Yeung
EntityIndividual
Shares88,000,000
Max PriceS$4.00
SellS$6,300,00118 Feb 19
Haifeng Li
EntityIndividual
Shares1,575,000
Max PriceS$4.00
SellS$5,599,99908 Feb 19
Chun Sing Yeung
EntityIndividual
Shares1,400,000
Max PriceS$4.00
SellS$6,120,00130 Jan 19
Haifeng Li
EntityIndividual
Shares1,530,000
Max PriceS$4.00
SellS$15,749,99615 Jan 19
Haifeng Li
EntityIndividual
Shares3,150,000
Max PriceS$5.00
SellS$8,821,94624 Dec 18
Haifeng Li
EntityIndividual
Shares1,545,000
Max PriceS$5.71
SellS$6,599,99922 Dec 18
Chun Sing Yeung
EntityIndividual
Shares3,300,000
Max PriceS$2.00
SellS$4,998,00310 Dec 18
Chun Sing Yeung
EntityIndividual
Shares840,000
Max PriceS$5.95
SellS$6,699,99410 Dec 18
Chun Sing Yeung
EntityIndividual
Shares3,350,000
Max PriceS$2.00
SellS$1,006,50030 Oct 18
Haifeng Li
EntityIndividual
Shares165,000
Max PriceS$6.10

Ownership Breakdown


Management Team

  • Winston Sim (47yo)

    Chairman & Compliance Officer

    • Tenure: 0yrs
    • Compensation: S$213.85k
  • Serene Tan (41yo)

    Group Director of Finance & Executive Director

    • Tenure: 6.2yrs
    • Compensation: S$235.25k
  • Frey Ng (46yo)

    General Manager

    • Tenure: 0yrs
  • Chee Sin Woo (48yo)

    Group Director of People Affairs

    • Tenure: 5.2yrs
  • Loong Sum

    Company Secretary

    • Tenure: 0.2yrs

Board Members

  • Voon Hoo Jong (46yo)

    Independent Non-Executive Director

    • Tenure: 3.3yrs
    • Compensation: S$30.00k
  • Francis Chan (43yo)

    Independent Non-Executive Director

    • Tenure: 1.7yrs
    • Compensation: S$20.45k
  • Winston Sim (47yo)

    Chairman & Compliance Officer

    • Tenure: 0yrs
    • Compensation: S$213.85k
  • Serene Tan (41yo)

    Group Director of Finance & Executive Director

    • Tenure: 6.2yrs
    • Compensation: S$235.25k
  • Lawrence Lim (49yo)

    Independent Non-Executive Director

    • Tenure: 3.3yrs
    • Compensation: S$30.00k

Company Information

SingAsia Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: SingAsia Holdings Limited
  • Ticker: 8293
  • Exchange: SEHK
  • Founded: 2004
  • Industry: Human Resource and Employment Services
  • Sector: Commercial Services
  • Market Cap: HK$73.750m
  • Shares outstanding: 1.25b
  • Website: https://www.singasia.com.sg

Number of Employees


Location

  • SingAsia Holdings Limited
  • No. 03-01, Lucky Chinatown
  • 211 New Bridge Road
  • Singapore
  • 59432
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
8293SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJul 2016

Biography

SingAsia Holdings Limited provides workforce solutions in Singapore. It offers manpower outsourcing services, manpower recruitment services, and manpower training services. The company also provides cleani ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/23 12:56
End of Day Share Price2019/10/23 00:00
Earnings2019/04/30
Annual Earnings2018/07/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.