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Tiong Woon Corporation Holding Ltd (BQM.SI)

SGD1.04 -0.01 (-0.95%)
SG SES Industrials Rental & Leasing Services
Address No. 15 Pandan Crescent 128470
Singapore, SG
CEO Guan Hwa Ang
IPO 2000-01-03
ISIN SG1CF7000004

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Description

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.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
SGD1.04 -0.01 (-0.95%)
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Volume Profile
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Liquidity & share structure
Average Volume
208.5K
Beta
0.17
Float Shares
122.72M
Free Float %
52.9%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.94% -0.93% -2.73% +5.94% +38.96% +38.96% +84.48% +122.92% +132.61% +375.56% +115.10%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
1.04
DCF (Unlevered) 8.88 +754.1%
DCF (Levered) 6.51 +525.7%

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.

Ratings Trend (MoM) 100% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 2 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
2.43
Grey zone
Piotroski F-Score
8 / 9
Strong
MOAT Score
5 / 10
Developing
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
3 / 5
Medium
ROA Score
4 / 5
High
D/E Score
2 / 5
Medium
P/E Score
4 / 5
High
P/Book Score
5 / 5
High
Operational MOAT
✗ Below peers
  • 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)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* 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.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.17) × ERP
WACC = 69% × Ke + 31% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 8.88 Current price: 1.04
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
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
Historical Ratings (3M)
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

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
145.80M
OE per share TTM
0.63
Owner's Yield
58.77%
Maintenance CapEx ratio
255.17%
Maint CapEx / Avg PPE
277.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 5 ETFs in our universe
# 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

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
23.3K
Shares Outstanding
231.84M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
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
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits