Hor Kew (SGX:BBP) - Stock Price, News & Analysis

BBP Stock Overview

An investment holding company, provides various integrated range of construction-related products and services in Singapore.

About the company

BBP fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	5/6
Financial Health	6/6
Dividends	0/6

Rewards

Trading at 95.7% below our estimate of its fair value

Earnings grew by 1596.9% over the past year

Risk Analysis

Does not have a meaningful market cap (SGD22M)

Volatile share price over the past 3 months

Hor Kew Corporation Limited Competitors

King Wan

SGX:554

S$21.0m

Sanli Environmental

Catalist:1E3

S$22.2m

Tiong Seng Holdings

SGX:BFI

S$27.8m

Lincotrade & Associates Holdings

Catalist:BFT

S$16.9m

Price History & Performance

Summary of all time highs, changes and price drops for Hor Kew
Historical stock prices
Current Share Price	S$0.42
52 Week High	S$0.49
52 Week Low	S$0.20
Beta	0.085
11 Month Change	-2.30%
3 Month Change	18.06%
1 Year Change	73.47%
33 Year Change	80.85%
5 Year Change	203.57%
Change since IPO	-83.81%

Potential Upside For Hor Kew Corporation Limited (SGX:BBP) Not Without Risk

Jul 25

Hor Kew (SGX:BBP) Is Experiencing Growth In Returns On Capital

May 31

Further Upside For Hor Kew Corporation Limited (SGX:BBP) Shares Could Introduce Price Risks After 60% Bounce

Apr 25

Recent updates

Potential Upside For Hor Kew Corporation Limited (SGX:BBP) Not Without Risk

Jul 25

Hor Kew (SGX:BBP) Is Experiencing Growth In Returns On Capital

May 31

Further Upside For Hor Kew Corporation Limited (SGX:BBP) Shares Could Introduce Price Risks After 60% Bounce

Apr 25

Risks To Shareholder Returns Are Elevated At These Prices For Hor Kew Corporation Limited (SGX:BBP)

Apr 02

Shareholder Returns

	BBP	SG Construction	SG Market
7D	0%	1.2%	1.5%
1Y	73.5%	2.9%	3.3%

Return vs Industry: BBP exceeded the SG Construction industry which returned 2.9% over the past year.

Return vs Market: BBP exceeded the SG Market which returned 3.3% over the past year.

Price Volatility

Is BBP's price volatile compared to industry and market?
BBP volatility
BBP Average Weekly Movement	12.1%
Construction Industry Average Movement	6.4%
Market Average Movement	5.0%
10% most volatile stocks in SG Market	14.8%
10% least volatile stocks in SG Market	2.4%

Stable Share Price: BBP has not had significant price volatility in the past 3 months.

Volatility Over Time: BBP's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of SG stocks.

About the Company

Founded	Employees	CEO	Website
1979	n/a	Benjamin Aw	www.horkew.com.sg

Hor Kew Corporation Limited, an investment holding company, provides various integrated range of construction-related products and services in Singapore. It operates through Property Investment and Development; Construction; and Prefabrication segments. The Property Investment and Development segment is involved in the development, sale, and leasing of residential, commercial, and industrial properties.

Hor Kew Corporation Limited Fundamentals Summary

How do Hor Kew's earnings and revenue compare to its market cap?
BBP fundamental statistics
Market cap	S$22.13m
Earnings (TTM)	S$8.88m
Revenue (TTM)	S$89.49m

2.5x

P/E Ratio

0.2x

P/S Ratio

Is BBP overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
BBP income statement (TTM)
Revenue	S$89.49m
Cost of Revenue	S$66.68m
Gross Profit	S$22.81m
Other Expenses	S$13.94m
Earnings	S$8.88m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.17
Gross Margin	25.49%
Net Profit Margin	9.92%
Debt/Equity Ratio	64.6%

How did BBP perform over the long term?

See historical performance and comparison

BBP Stock Overview

Rewards

Risk Analysis

Hor Kew Corporation Limited Competitors

SGX:554

S$21.0m

Catalist:1E3

S$22.2m

SGX:BFI

S$27.8m

Catalist:BFT

S$16.9m

Price History & Performance

Recent News & Updates

Potential Upside For Hor Kew Corporation Limited (SGX:BBP) Not Without Risk

Hor Kew (SGX:BBP) Is Experiencing Growth In Returns On Capital

Hor Kew Corporation Limited Appoints Ronnie Wai Chee Leong as an Independent Non-Executive Director, Member of the Audit Committee and Chairman of the Nominating and Remuneration Committees

Hor Kew Corporation Limited Announces Retirement of Chew Yew Meng as Independent Director Member of Audit Committee Chairman of Remuneration Committee Chairman of Nominating Committee

Further Upside For Hor Kew Corporation Limited (SGX:BBP) Shares Could Introduce Price Risks After 60% Bounce

Full year 2023 earnings released: EPS: S$0.14 (vs S$0.033 in FY 2022)

Recent updates

Potential Upside For Hor Kew Corporation Limited (SGX:BBP) Not Without Risk

Hor Kew (SGX:BBP) Is Experiencing Growth In Returns On Capital

Hor Kew Corporation Limited Appoints Ronnie Wai Chee Leong as an Independent Non-Executive Director, Member of the Audit Committee and Chairman of the Nominating and Remuneration Committees

Hor Kew Corporation Limited Announces Retirement of Chew Yew Meng as Independent Director Member of Audit Committee Chairman of Remuneration Committee Chairman of Nominating Committee

Further Upside For Hor Kew Corporation Limited (SGX:BBP) Shares Could Introduce Price Risks After 60% Bounce

Full year 2023 earnings released: EPS: S$0.14 (vs S$0.033 in FY 2022)

Here's Why Hor Kew (SGX:BBP) Has A Meaningful Debt Burden

Hor Kew Corporation Limited, Annual General Meeting, Apr 30, 2024

New major risk - Financial position

Full year 2023 earnings released: EPS: S$0.10 (vs S$0.033 in FY 2022)

New minor risk - Financial data availability

Returns At Hor Kew (SGX:BBP) Are On The Way Up

Hor Kew Corporation Limited Announces Change of Joint Company Secretary

Is Hor Kew (SGX:BBP) Using Too Much Debt?

Returns At Hor Kew (SGX:BBP) Are On The Way Up

First half 2023 earnings released: EPS: S$0.032 (vs S$0.055 in 1H 2022)

Now 20% undervalued

Insufficient new directors

Calculating The Intrinsic Value Of Hor Kew Corporation Limited (SGX:BBP)

Full year 2022 earnings released: EPS: S$0.033 (vs S$0.077 in FY 2021)

Full year 2022 earnings released: EPS: S$0.039 (vs S$0.077 in FY 2021)

Insufficient new directors

Hor Kew (SGX:BBP) Is Doing The Right Things To Multiply Its Share Price

Insufficient new directors

We Think Hor Kew (SGX:BBP) Is Taking Some Risk With Its Debt

Hor Kew (SGX:BBP) Is Experiencing Growth In Returns On Capital

First half 2022 earnings released: EPS: S$0.055 (vs S$0.05 in 1H 2021)

Hor Kew Corporation Limited Approves Appointment of William Chew Yew Meng as an Independent Director

Insufficient new directors

Slowing Rates Of Return At Hor Kew (SGX:BBP) Leave Little Room For Excitement

Full year 2021 earnings released: EPS: S$0.077 (vs S$0.006 in FY 2020)

Hor Kew Corporation Limited, Annual General Meeting, Apr 29, 2022

We Think Hor Kew (SGX:BBP) Is Taking Some Risk With Its Debt

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Do Hor Kew's (SGX:BBP) Earnings Warrant Your Attention?

Insufficient new directors

Hor Kew (SGX:BBP) Seems To Be Using A Lot Of Debt

Hor Kew (SGX:BBP) Might Have The Makings Of A Multi-Bagger

Here's Why I Think Hor Kew (SGX:BBP) Might Deserve Your Attention Today

Does Hor Kew (SGX:BBP) Have A Healthy Balance Sheet?

Full year 2020 earnings released: EPS S$0.006 (vs S$0.017 in FY 2019)

Risks To Shareholder Returns Are Elevated At These Prices For Hor Kew Corporation Limited (SGX:BBP)

Hor Kew Corporation Limited Announces Resignation of Aw Khoon Hwee as Non-Executive Director

Full year 2020 earnings released: EPS S$0.01 (vs S$0.017 in FY 2019)

Third quarter 2020 earnings released: S$0.025 loss per share

Hor Kew Corporation Limited to Report Q3, 2020 Results on Nov 14, 2020

New 90-day high: S$0.28

New 90-day high: S$0.26

Shareholder Returns

Price Volatility

About the Company

Hor Kew Corporation Limited Fundamentals Summary

2.5x

0.2x

Earnings & Revenue