J2T Stock Overview

An investment holding company, primarily provides civil engineering services to public and private sectors in Singapore. More details

J2T fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	3/6
Financial Health	6/6
Dividends	3/6

Rewards

Trading at 42.7% below our estimate of its fair value

Earnings have grown 25.6% per year over the past 5 years

Risk Analysis

Unstable dividend track record

Hock Lian Seng Holdings Limited Competitors

PEC

SGX:IX2

S$205.2m

Soilbuild Construction Group

SGX:V5Q

S$137.3m

OKP Holdings

SGX:5CF

S$190.3m

Nordic Group

SGX:MR7

S$135.5m

Price History & Performance

Summary of share price highs, lows and changes for Hock Lian Seng Holdings
Historical stock prices
Current Share Price	S$0.38
52 Week High	S$0.43
52 Week Low	S$0.28
Beta	0.047
1 Month Change	-6.17%
3 Month Change	10.14%
1 Year Change	24.59%
3 Year Change	26.67%
5 Year Change	43.40%
Change since IPO	31.03%

Hock Lian Seng Holdings (SGX:J2T) Will Pay A Larger Dividend Than Last Year At SGD0.018

Apr 05

Is Now The Time To Put Hock Lian Seng Holdings (SGX:J2T) On Your Watchlist?

Jan 23

Recent updates

Hock Lian Seng Holdings (SGX:J2T) Will Pay A Larger Dividend Than Last Year At SGD0.018

Apr 05

Is Now The Time To Put Hock Lian Seng Holdings (SGX:J2T) On Your Watchlist?

Jan 23

Hock Lian Seng Holdings (SGX:J2T) Is Doing The Right Things To Multiply Its Share Price

Aug 12

Hock Lian Seng Holdings (SGX:J2T) Is Increasing Its Dividend To SGD0.015

Apr 25

Impressive Earnings May Not Tell The Whole Story For Hock Lian Seng Holdings (SGX:J2T)

Apr 12

Hock Lian Seng Holdings' (SGX:J2T) Upcoming Dividend Will Be Larger Than Last Year's

Apr 07

If EPS Growth Is Important To You, Hock Lian Seng Holdings (SGX:J2T) Presents An Opportunity

Mar 14

Investors Still Aren't Entirely Convinced By Hock Lian Seng Holdings Limited's (SGX:J2T) Earnings Despite 29% Price Jump

Mar 14

Hock Lian Seng Holdings' (SGX:J2T) Upcoming Dividend Will Be Larger Than Last Year's

Apr 05

Hock Lian Seng Holdings (SGX:J2T) Will Pay A Larger Dividend Than Last Year At S$0.013

Feb 28

Hock Lian Seng Holdings (SGX:J2T) Has Some Difficulty Using Its Capital Effectively

Jan 14

Do Institutions Own Hock Lian Seng Holdings Limited (SGX:J2T) Shares?

Jan 12

These Metrics Don't Make Hock Lian Seng Holdings (SGX:J2T) Look Too Strong

Dec 22

Should You Use Hock Lian Seng Holdings's (SGX:J2T) Statutory Earnings To Analyse It?

Nov 24

Shareholder Returns

	J2T	SG Construction	SG Market
7D	-5.0%	-3.9%	-7.0%
1Y	24.6%	33.6%	6.6%

Return vs Industry: J2T underperformed the SG Construction industry which returned 33.6% over the past year.

Return vs Market: J2T exceeded the SG Market which returned 6.6% over the past year.

Price Volatility

Is J2T's price volatile compared to industry and market?
J2T volatility
J2T Average Weekly Movement	5.8%
Construction Industry Average Movement	7.4%
Market Average Movement	5.3%
10% most volatile stocks in SG Market	14.3%
10% least volatile stocks in SG Market	2.9%

Stable Share Price: J2T has not had significant price volatility in the past 3 months compared to the SG market.

Volatility Over Time: J2T's weekly volatility (6%) has been stable over the past year.

Community vs My Fair Value

Select a narrative for quick price alerts from the community, or create your own.

About the Company

Founded	Employees	CEO	Website
1969	n/a	Siok Peng Chua	www.hlsgroup.com.sg

Hock Lian Seng Holdings Limited, an investment holding company, primarily provides civil engineering services to public and private sectors in Singapore. It operates through three segments: Civil Engineering, Properties Development, and Properties Investment. The Civil Engineering segment engages in infrastructure construction and civil engineering works for bridges, expressways, tunnels, mass rapid transit, port facilities, water and sewage facilities, and other infrastructure works to government and government related bodies.

Hock Lian Seng Holdings Limited Fundamentals Summary

How do Hock Lian Seng Holdings's earnings and revenue compare to its market cap?
J2T fundamental statistics
Market cap	S$194.60m
Earnings (TTM)	S$31.99m
Revenue (TTM)	S$183.46m

6.1x

P/E Ratio

1.1x

P/S Ratio

Is J2T overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
J2T income statement (TTM)
Revenue	S$183.46m
Cost of Revenue	S$153.09m
Gross Profit	S$30.37m
Other Expenses	-S$1.62m
Earnings	S$31.99m

Last Reported Earnings

Dec 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.062
Gross Margin	16.55%
Net Profit Margin	17.44%
Debt/Equity Ratio	0%

How did J2T perform over the long term?

See historical performance and comparison

Dividends

4.7%

Current Dividend Yield

29%

Payout Ratio

Does J2T pay a reliable dividends?

See J2T dividend history and benchmarks

When do you need to buy J2T by to receive an upcoming dividend?
Hock Lian Seng Holdings dividend dates
Ex Dividend Date	May 05 2025
Dividend Pay Date	May 16 2025
Days until Ex dividend	21 days
Days until Dividend pay date	32 days

Does J2T pay a reliable dividends?

See J2T dividend history and benchmarks

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/04/13 00:13
End of Day Share Price	2025/04/11 00:00
Earnings	2024/12/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Hock Lian Seng Holdings Limited is covered by 3 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Man Ng	Phillip Securities Pte Ltd
Edison Chen	UOB Kay Hian Research Pte Ltd
Jinshu Liu	Voyage Research Pte Ltd

J2T Stock Overview

Rewards

Risk Analysis

Hock Lian Seng Holdings Limited Competitors

SGX:IX2

S$205.2m

SGX:V5Q

S$137.3m

SGX:5CF

S$190.3m

SGX:MR7

S$135.5m

Price History & Performance

Recent News & Updates

Hock Lian Seng Holdings (SGX:J2T) Will Pay A Larger Dividend Than Last Year At SGD0.018

Full year 2024 earnings released: EPS: S$0.063 (vs S$0.052 in FY 2023)

Dividend of S$0.018 announced

Hock Lian Seng Holdings Limited, Annual General Meeting, Apr 23, 2025

New minor risk - Financial data availability

Is Now The Time To Put Hock Lian Seng Holdings (SGX:J2T) On Your Watchlist?

Recent updates

Hock Lian Seng Holdings (SGX:J2T) Will Pay A Larger Dividend Than Last Year At SGD0.018

Full year 2024 earnings released: EPS: S$0.063 (vs S$0.052 in FY 2023)

Dividend of S$0.018 announced

Hock Lian Seng Holdings Limited, Annual General Meeting, Apr 23, 2025

New minor risk - Financial data availability

Is Now The Time To Put Hock Lian Seng Holdings (SGX:J2T) On Your Watchlist?

Now 22% undervalued after recent price drop

Now 20% undervalued

Now 21% undervalued

Now 20% undervalued

Hock Lian Seng Holdings Limited Announces Change of Company Secretary

Hock Lian Seng Holdings (SGX:J2T) Is Doing The Right Things To Multiply Its Share Price

First half 2024 earnings released: EPS: S$0.04 (vs S$0.017 in 1H 2023)

Hock Lian Seng Holdings Limited Approves First and Final Dividend (Tax Exempt One-Tier) for the Financial Year Ended 31 December 2023, Payable on 17 May 2024

Less than half of directors are independent

Upcoming dividend of S$0.015 per share

Hock Lian Seng Holdings Limited Appoints Chua Siok Peng as Chief Executive Officer, Effective April 25, 2024

Hock Lian Seng Holdings (SGX:J2T) Is Increasing Its Dividend To SGD0.015

Hock Lian Seng Holdings Limited Appoints Wong Siew Moh as Chief Operating Officer, effective April 25, 2024

Impressive Earnings May Not Tell The Whole Story For Hock Lian Seng Holdings (SGX:J2T)

Hock Lian Seng Holdings' (SGX:J2T) Upcoming Dividend Will Be Larger Than Last Year's

Hock Lian Seng Holdings Limited, Annual General Meeting, Apr 24, 2024

Hock Lian Seng Holdings Limited Announces Retirement of Ong Seh Hong as Non-Executive Chairman and Independent Director

Now 23% overvalued after recent price rise

Now 21% overvalued after recent price rise

If EPS Growth Is Important To You, Hock Lian Seng Holdings (SGX:J2T) Presents An Opportunity

Investors Still Aren't Entirely Convinced By Hock Lian Seng Holdings Limited's (SGX:J2T) Earnings Despite 29% Price Jump

Dividend increased to S$0.015

Full year 2023 earnings released: EPS: S$0.052 (vs S$0.032 in FY 2022)

New major risk - Earnings quality

Hock Lian Seng Holdings Limited Proposes Final Dividend for the Financial Year Ended 31 December 2023, Payable on May 17, 2024

New minor risk - Market cap size

Hock Lian Seng Holdings Limited Announces Appointment of Mr. David Tan Chao Hsiung as an Independent Director

Less than half of directors are independent

First half 2023 earnings released: EPS: S$0.017 (vs S$0.015 in 1H 2022)

Hock Lian Seng Holdings Limited Announces Changes to Composition of Board and Board Committees

New minor risk - Profit margin trend

New minor risk - Market cap size

Upcoming dividend of S$0.01 per share at 3.8% yield

Full year 2022 earnings released

Full year 2022 earnings released: EPS: S$0.032 (vs S$0.049 in FY 2021)

First half 2022 earnings released

Upcoming dividend of S$0.013 per share

Full year 2021 earnings: Revenues in line with analyst expectations

Hock Lian Seng Holdings' (SGX:J2T) Upcoming Dividend Will Be Larger Than Last Year's

Hock Lian Seng Holdings (SGX:J2T) Will Pay A Larger Dividend Than Last Year At S$0.013

Hock Lian Seng Holdings Limited, Annual General Meeting, Apr 21, 2022

Hock Lian Seng Holdings Limited Proposes Final Dividend for the Financial Year Ended 31 December 2021, Payable on 20 May 2022

Full year 2021 earnings: EPS exceeds analyst expectations

Hock Lian Seng Holdings (SGX:J2T) Has Some Difficulty Using Its Capital Effectively

First half 2021 earnings released: EPS S$0.016 (vs S$0.004 in 1H 2020)

Full year 2020 earnings released: EPS S$0.008 (vs S$0.025 in FY 2019)

Joint Company Secretary has left the company

New 90-day low: S$0.24

Hock Lian Seng Holdings Limited, Annual General Meeting, Apr 22, 2021

Full year 2020 earnings released

New 90-day high: S$0.27

Do Institutions Own Hock Lian Seng Holdings Limited (SGX:J2T) Shares?

Hock Lian Seng Holdings Limited Appoints Lim Bok Ngam as an Independent Director