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LimTan friday report.
KSH Holdings&rsquo FY26 numbers delivered a strong turnaround
towards profitability, reporting S$6.8mln in net profits versus
a loss of S$5.9mln the year before. Excluding one-off fair
value losses and withholding tax provisions, core earnings
of S$16.2mln represent 94% of our full year forecast. Order
book has quadrupled yoy to $965mln, providing four years of
revenue visibility. The company is working on several tenders
to further increase its order book.
FY27F is likely to be a better year with the company firing on both construction and property development earnings. Backed by a positive outlook, management has increased final dividends to 1.0 S ct (FY25:
0.75 S cts), bringing full year dividends to 1.5 S cts (FY25: 1.25
S cts) and a 4.4% yield.
towards profitability, reporting S$6.8mln in net profits versus
a loss of S$5.9mln the year before. Excluding one-off fair
value losses and withholding tax provisions, core earnings
of S$16.2mln represent 94% of our full year forecast. Order
book has quadrupled yoy to $965mln, providing four years of
revenue visibility. The company is working on several tenders
to further increase its order book.
FY27F is likely to be a better year with the company firing on both construction and property development earnings. Backed by a positive outlook, management has increased final dividends to 1.0 S ct (FY25:
0.75 S cts), bringing full year dividends to 1.5 S cts (FY25: 1.25
S cts) and a 4.4% yield.
cut loss and move on
Alignment ( Date: 06-Jun-2026 21:26) Posted:
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Actually a lot lower. 33.5 cents.
Today 40cents?
Discouted cash flow methodology typically reflects the value of a share if the cashflows are paid to you as soon as you get it, while the discount rate you use reflects an efficient capital structure.
The second assumption is definitely not true in this case, and possibly the first as well.
These issues go a long way in this case in explaining why the share price is where it is.
I have no argument with the idea that it is in management' s control to increase the share price significantly. But for all these years they have chosen not to. Why will this change?
The second assumption is definitely not true in this case, and possibly the first as well.
These issues go a long way in this case in explaining why the share price is where it is.
I have no argument with the idea that it is in management' s control to increase the share price significantly. But for all these years they have chosen not to. Why will this change?
Just buy and hold sure get big reward
OKP was in a similar stage until bb noticed and pushed up to fair value
The question still remains - why have so much cash on balance sheet. As long as management choose to maintain an inefficient capital structure the share price will never reflect the company' s potential.
sell on news
Today 40cents? Dividends increase. NAV 50cents more
piscesmonkey ( Date: 29-May-2026 08:51) Posted:
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KSH swings back into the black in FY2026 as order book hits $965 mil
Listed construction, property development and investment group KSH Holdings returned to profitability in FY2026 ended March 31, posting a net profit attributable to shareholders of $6.8 million, compared to a loss of $5.9 million a year earlier.
huge order book. price expected to run up soon
Business doing well operationally. But will they do better on the capital structure?
KSH has turned profitable for FY2026
KSH Holdings expects to report a profit for its year ended March, reversing from a loss incurred in the preceding year.
The company attributes this to improvements in its construction business.
Two months ago, KSH announced that its order book has reached around $1 billion.
KSH expects to report on or around May 28.
KSH shares closed at 37 cents on May 21, down 1.33% for the day.
KSH Holdings wins new contract worth more than $32 mil total order book above $1 bil
KSH Holdings has won a new contract worth more than $32 million.
With this, its total order book has crossed more than $1 billion.
These existing contracts on hand will provide earnings visibility to its financial year ending March 2030.
KSH Holdings shares closed at 35 cents on March 12, down 2.82% for the day but up 56.82% in the past year.
KSH Holdings has won a new contract worth more than $32 million.
With this, its total order book has crossed more than $1 billion.
These existing contracts on hand will provide earnings visibility to its financial year ending March 2030.
KSH Holdings shares closed at 35 cents on March 12, down 2.82% for the day but up 56.82% in the past year.
A placement benefits the rest of us if the money is used in a good way, increasing the value of the company as whole more than the negative dilution effect of issuing new shares.
The issue here is that KSH already had lots of money and did not appear to need more so no upside is apparent. Meanwhile the downside from dilution was greater than it needed to be had KSH only waited a bit for the results before placing the shares, which it could have done as there was no rush for the money.
The issue here is that KSH already had lots of money and did not appear to need more so no upside is apparent. Meanwhile the downside from dilution was greater than it needed to be had KSH only waited a bit for the results before placing the shares, which it could have done as there was no rush for the money.
Iceycoke ( Date: 26-Feb-2026 10:22) Posted:
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KSH wins new construction contract worth $503 mil
KSH Holdings says it has won a new construction contract worth $503 million, which has brought its order book to $970 million.
This order book will help contribute through to its year ending March 2030.
Analysts Linus Choo and Chan En Jie of Lim and Tan Securities have an &ldquo accumulate&rdquo call and target price of 51 cents for this counter.
KSH Holdings shares closed at 37 cents, unchanged for the day.
Get what you meant for the profit announcement.
As for placement of shares, it benefits us shareholders too. When I see such placement of shares. I get excited.
As for placement of shares, it benefits us shareholders too. When I see such placement of shares. I get excited.
Alignment ( Date: 26-Feb-2026 09:46) Posted:
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