Tiong Woon Corporation Holding Ltd (BQM.SI)
Singapore, SG
Tiong Woon Corporation Holding Ltd operates as an investment holding entity, delivering integrated solutions tailored for the oil and gas, petrochemical, infrastructure, and construction sectors. Its diverse operations are organized into three primary divisions: Heavy Lift and Haulage, Marine Transportation, and Trading. The company provides a comprehensive suite of services, including specialized heavy lifting, overland haulage, and marine transportation, alongside inland logistics. They also perform precise equipment installations for components like trays and structures, offer project engineering for complex lifting and hauling demands, and provide maintenance and repair services. Further specialized services include wall tie installation, foundation anchoring, and jacking-up operations. Tiong Woon maintains a significant fleet of heavy haulage equipment, such as prime movers, low beds, self-propelled modular trailers, tow trucks, and various trailers, available for lease to facilitate the movement of substantial process machinery, modules, and structural components. Moreover, the company is a key supplier of diverse tower crane models for both sale and rental, providing extensive support including refurbishment, delivery, maintenance, jacking down, dismantling, and erection. Within its marine segment, Tiong Woon operates tugboats and barges to support various sea transportation projects. The trading division actively distributes and deals in both new and pre-owned crawler, mobile, and tower cranes. Additionally, the company undertakes the sale and hire of cranes and transport vehicles, as well as the sale, servicing, and leasing of general equipment. Complementary services encompass mechanical and infrastructure engineering, structural work, freight forwarding, and a range of logistics support. As of June 30, 2022, Tiong Woon boasted a substantial asset portfolio, comprising 531 cranes and tower cranes, 280 heavy haulage assets, 7 tugboats, and 8 barges. Its extensive operational presence spans across Singapore, Brunei, the Middle East, India, Malaysia, Thailand, Indonesia, China, Bangladesh, Myanmar, the Philippines, Sri Lanka, and Vietnam. The company was established in 1978 and is headquartered in Singapore.
No mergers or acquisitions recorded for this company.
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| +0.94% | -0.93% | -2.73% | +5.94% | +38.96% | +38.96% | +84.48% | +122.92% | +132.61% | +375.56% | +115.10% |
Revenue flow
Revenue by geography
Revenue by segment
Revenue composition
By product
By geography
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 0 | 0 |
| Buy | 2 | 0 |
| Hold | 0 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
-
Revenue growth Rental & Leasing Services: +9.0%+14.3% ★ Q4'25: +19.2% (vs Q4'23)
-
EPS growth Rental & Leasing Services: +26.5%+5.6% Q4'25: +26.9% (vs Q4'23)
-
FCF margin FCF growth · Rental & Leasing Services: +45.1%+9.0% Q4'25: +25.3% (vs Q4'23)
-
EBIT margin Rental & Leasing Services: +16.5%+17.4% ★ Q4'25: +40.9% (vs Q4'23)
-
ROIC Rental & Leasing Services: +5.7%+6.1% ★ Q4'25: +30.5% (vs Q4'23)
-
Share dilution Rental & Leasing Services: +0.0%+0.0% Q4'25: +0.0% (vs Q4'23)
-
Debt / EBITDA Net debt/EBITDA · Rental & Leasing Services: 2.72×1.77× ★ Q4'25: 0.59× (vs Q4'23)
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
| Metric |
Jun 2022 actual |
Jun 2023 actual |
Jun 2024 actual |
Jun 2025 actual |
Jun 2026 2 Rev. Ana. 2 EPS Ana. |
Jun 2027 2 Rev. Ana. 2 EPS Ana. |
Jun 2028 2 Rev. Ana. 2 EPS Ana. |
|---|---|---|---|---|---|---|---|
| Revenue |
122.59M
est: 133.30M (-8.0%)
|
135.82M
est: 137.30M (-1.1%)
|
143.13M
est: 158.90M (-9.9%)
|
163.52M
est: 153.20M (+6.7%)
|
187.70M
185.32M – 190.08M
+22.5% YoY
|
212.80M
204.05M – 221.55M
+13.4% YoY
|
221.40M
218.55M – 224.25M
+4.0% YoY
|
| EBITDA |
51.05M
est: 55.23M (-7.6%)
|
56.30M
est: 56.89M (-1.0%)
|
60.30M
est: 65.84M (-8.4%)
|
63.27M
est: 63.48M (-0.3%)
|
77.77M
76.79M – 78.76M
+22.5% YoY
|
88.17M
84.55M – 91.79M
+13.4% YoY
|
91.73M
90.55M – 92.92M
+4.0% YoY
|
| EBIT |
19.16M
est: 22.58M (-15.1%)
|
24.24M
est: 23.25M (+4.2%)
|
27.05M
est: 26.91M (+0.5%)
|
28.51M
est: 25.95M (+9.9%)
|
31.79M
31.38M – 32.19M
+22.5% YoY
|
36.04M
34.56M – 37.52M
+13.4% YoY
|
37.50M
37.01M – 37.98M
+4.0% YoY
|
| Net Income |
11.39M
est: 20.87M (-45.4%)
|
15.70M
est: 17.62M (-10.9%)
|
18.21M
est: 20.63M (-11.8%)
|
19.22M
est: 19.47M (-1.3%)
|
23.20M
21.92M – 24.45M
+19.1% YoY
|
27.60M
25.43M – 34.84M
+19.0% YoY
|
29.85M
27.11M – 37.80M
+8.2% YoY
|
| SGA |
1.13M
est: 1.39M (-18.9%)
|
1.42M
est: 1.43M (-1.0%)
|
1.64M
est: 1.66M (-1.2%)
|
1.93M
est: 1.60M (+20.6%)
|
1.96M
1.93M – 1.98M
+22.5% YoY
|
2.22M
2.13M – 2.31M
+13.4% YoY
|
2.31M
2.28M – 2.34M
+4.0% YoY
|
| EPS |
0.05
est: 0.09 (-45.6%)
|
0.07
est: 0.08 (-10.9%)
|
0.08
est: 0.09 (-11.8%)
|
0.08
est: 0.08 (-1.3%)
|
0.10
0.09 – 0.11
+19.0% YoY
|
0.13
0.11 – 0.15
+30.0% YoY
|
0.14
0.12 – 0.16
+7.7% YoY
|
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-29 | B+ | 3/5 | 1/5 | 3/5 | 4/5 | 2/5 | 4/5 | 5/5 |
| 2026-05-28 | B+ | 3/5 | 1/5 | 3/5 | 4/5 | 2/5 | 4/5 | 5/5 |
| 2026-05-26 | B+ | 3/5 | 1/5 | 3/5 | 4/5 | 2/5 | 4/5 | 5/5 |
| 2026-05-25 | B+ | 3/5 | 1/5 | 3/5 | 4/5 | 2/5 | 4/5 | 5/5 |
| 2026-05-22 | B+ | 3/5 | 1/5 | 3/5 | 4/5 | 2/5 | 4/5 | 5/5 |
| 2026-05-21 | B+ | 3/5 | 1/5 | 3/5 | 4/5 | 2/5 | 4/5 | 5/5 |
| 2026-05-20 | B+ | 3/5 | 1/5 | 3/5 | 4/5 | 2/5 | 4/5 | 5/5 |
| 2026-05-19 | B+ | 3/5 | 1/5 | 3/5 | 4/5 | 2/5 | 4/5 | 5/5 |
| 2026-05-18 | B+ | 3/5 | 1/5 | 3/5 | 4/5 | 2/5 | 4/5 | 5/5 |
| 2026-05-15 | B+ | 3/5 | 1/5 | 3/5 | 4/5 | 2/5 | 4/5 | 5/5 |
| 2026-05-14 | B+ | 3/5 | 1/5 | 3/5 | 4/5 | 2/5 | 4/5 | 5/5 |
| 2026-05-13 | B+ | 3/5 | 1/5 | 3/5 | 4/5 | 2/5 | 4/5 | 5/5 |
| 2026-05-12 | B+ | 3/5 | 1/5 | 3/5 | 4/5 | 2/5 | 4/5 | 5/5 |
| 2026-05-11 | B+ | 3/5 | 1/5 | 3/5 | 4/5 | 2/5 | 4/5 | 5/5 |
| 2026-05-08 | B+ | 3/5 | 1/5 | 3/5 | 4/5 | 2/5 | 4/5 | 5/5 |
| 2026-05-07 | B+ | 3/5 | 1/5 | 3/5 | 4/5 | 2/5 | 4/5 | 5/5 |
| 2026-05-06 | B+ | 3/5 | 1/5 | 3/5 | 4/5 | 2/5 | 4/5 | 5/5 |
| 2026-05-05 | B+ | 3/5 | 1/5 | 3/5 | 4/5 | 2/5 | 4/5 | 5/5 |
| 2026-05-04 | B+ | 3/5 | 1/5 | 3/5 | 4/5 | 2/5 | 4/5 | 5/5 |
| 2026-04-30 | B+ | 3/5 | 1/5 | 3/5 | 4/5 | 2/5 | 4/5 | 5/5 |
| 2026-04-29 | B+ | 3/5 | 1/5 | 2/5 | 4/5 | 2/5 | 4/5 | 5/5 |
| 2026-04-28 | B+ | 3/5 | 1/5 | 2/5 | 4/5 | 2/5 | 4/5 | 5/5 |
| 2026-04-27 | B+ | 3/5 | 1/5 | 2/5 | 4/5 | 2/5 | 4/5 | 5/5 |
| 2026-04-24 | B+ | 3/5 | 1/5 | 2/5 | 4/5 | 2/5 | 4/5 | 5/5 |
| 2026-04-23 | B | 3/5 | 1/5 | 2/5 | 4/5 | 1/5 | 4/5 | 5/5 |
| 2026-04-22 | B | 3/5 | 1/5 | 2/5 | 4/5 | 1/5 | 4/5 | 5/5 |
| 2026-04-21 | B | 3/5 | 1/5 | 2/5 | 4/5 | 1/5 | 4/5 | 5/5 |
| 2026-04-20 | B | 3/5 | 1/5 | 2/5 | 4/5 | 1/5 | 4/5 | 5/5 |
| 2026-04-17 | B | 3/5 | 1/5 | 2/5 | 4/5 | 1/5 | 4/5 | 5/5 |
| 2026-04-16 | B | 3/5 | 1/5 | 2/5 | 4/5 | 1/5 | 4/5 | 5/5 |
Owner Earnings
Ownership Overview
Ownership breakdown not available.
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional history not available.
Top holders not available.
ETF Ownership
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | Dimensional - International Small Cap ETF DFIS | 0.00% | 129.5K | 0.39% |
| 2 | Dimensional - International Core Equity 2 ETF DFIC | 0.00% | 120.2K | 0.22% |
| 3 | Dimensional World ex U.S. Core Equity 2 ETF DFAX | 0.00% | 23.5K | 0.28% |
| 4 | Dimensional - International Vector Equity ETF DXIV | 0.00% | 239.81 | 0.53% |
| 5 | Dimensional - International Small Cap Value ETF DISV | 0.00% | 2.2K | 0.42% |
Insider Activity
No insider activity available.
Insider history not available.
No recent insider transactions.
Executive team
Executive compensation
Executive compensation not available.
No CEO compensation history available.
Proxy statements
No proxy statements available for this company yet.
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Kah Hong Ang | Executive Chairman | 2M | male |
| Guan Hwa Ang | Chief Executive Officer & Executive Director | 947.0K | male |
| Boon Chang Ang | Executive Director | 529.0K | male |
| Kha King Ang | Executive Director | 529.0K | male |
| Swee Gek Tan | Joint Company Secretary | — | female |
| Beng Hong Ong | Joint Company Secretary | — | female |
| Yuet Jin Tan | Group Financial Controller | — | male |
| Guan Liang Tan | Group Chief Operating Officer | — | male |
| Kwang Hwee Tan | Group Chief Financial Officer | — | male |
| Siew Chien Ang | Group Chief People Officer | — | female |
No data available for this company.
No Senate trading activity found for this company.
No House trading activity found for this company.
Share your view on this stock and instantly see how the community has voted over the last 6 months.
Community Opinion for BQM.SI
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

MSCI World Index (MSC)
NASDAQ Composite (NASDAQ)
FTSE China A50 Index (FGI)
STOXX Europe 600 (SIX)
Nikkei 300 (OSA)
NIFTY 50 (NSE)
DAX Performance Index (XETRA)
FTSE 100 (FGI)
CAC 40 (EURONEXT)
