1. Singapore Stocks

  2. •

    Industrial services

  3. •

    Engineering & construction
SHS Holdings Ltd.

SHS Holdings Ltd.

SSGX:566
0.11
SGD
0.00
(0.00%)
110.99MMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.69
0.14
0.1
0.08
0.06
0.06
0.04
0.05
0.08
0.14
0.13
0.14
0.43
- -
Basic EPS, GAAP
0.02
0.03
0.1
0.02
-0.03
-0.02
-0.03
-0.03
- -
0.01
- -
0.01
-0.02
- -
Free Cash Flow per Basic Share
0.02
0.02
0.03
-0.03
-0.05
-0.04
-0.02
-0.01
- -
0.01
-0.03
- -
0.01
- -
Dividend per Share
- -
0.01
0.01
0.04
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
0.22
0.25
0.36
0.32
0.3
0.27
0.24
0.2
0.2
0.21
0.22
0.23
0.23
0.24
Tangible Book Value per Share
0.19
0.19
0.32
0.28
0.27
0.25
0.22
0.19
0.19
0.2
0.21
0.22
0.21
0.22
Basic Weighted Avg Shares
421
606
606
662
685
685
685
685
685
630
610
610
610
685
Sales/Revenue/Turnover
290
86
63
56
38
40
26
35
55
87
82
83
262
- -
Operating Margin (%)
3.94
9.83
-7.33
7.03
-49.59
-4.28
-11.36
-40.57
-0.01
8.44
2.99
-0.58
-3.44
- -
Depreciation Expense
3
7
5
3
4
5
5
5
6
5
4
4
6
- -
Net Income, GAAP
8
16
58
12
-18
-11
-22
-19
-3
5
2
3
-13
- -
Effective Tax Rate (%)
23.04
4.66
1.4
- -
- -
- -
- -
- -
- -
1.98
17.94
- -
- -
- -
Profit Margin (%)
2.76
18.21
92.07
21
-48.32
-27.75
-85.2
-54.83
-4.98
5.8
3.04
3.86
-4.99
- -
Working Capital
27
55
129
113
66
55
78
73
82
73
82
82
59
77
LT Debt
- -
- -
- -
4
4
13
16
16
14
6
9
6
52
16
Total Equity
93
152
220
220
206
187
161
134
138
131
137
140
140
158
Return on Invested Capital (%)
5.35
4.12
-2.05
- -
- -
- -
- -
- -
- -
4.55
1.47
- -
- -
- -
Return on Capital (%)
5.51
8.19
26.27
- -
- -
- -
- -
- -
- -
3.27
1.9
- -
- -
- -
Return on Common Equity (%)
9.04
12.92
31.23
5.4
-8.66
-5.7
-12.71
-12.61
-1.97
3.75
1.87
2.32
-9.38
- -

Capital Structure

SGD

•

in mil. unless spec.
Sep'19
Dec'19
Jun'20
ST Debt
8
8
10
LT Borrowings
12
12
11
LT Finance Leases
5
5
5
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
685
685
685
Market Capitalization
116
116
111

Working Capital

SGD

•

in mil. unless spec.
Sep'19
Dec'19
Jun'20
Total Current Assets
89
129
118
Cash, Cash Equivalents & STI
24
31
36
Accounts Receivable, Net
12
10
9
Inventories
15
8
8
Total Current Liabilities
42
51
41
Payables & Accruals
- -
- -
- -
ST Debt
8
8
10
Deferred Revenue
- -
- -
- -

Growth Rates

SGD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-4.19%
0.89%
-0.37%
Free Cash Flow
66.22%
185.91%
53.06%
Net Income, GAAP
-118.61%
-180.05%
-508.21%
Sales/Revenue/Turnover
28.84%
65.25%
215.99%
Total Cash Common Dividend
- -
- -
-19.38%

Semi-annual Revenue

SGD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
83
2025
- -
- -
262
2026
- -
- -
- -

Semi-annual Earnings Per Share

SGD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.01
2025
- -
- -
-0.02
2026
- -
- -
- -

Semi-annual Dividends Per Share

SGD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
- -
2026
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Han Kok Ng
Full Time Employees
317
Sector
Industrial services
Industry
Engineering & construction
Address
19 Tuas Avenue 20 Singapore CE Singapore 638830
IPO Date
Nov 4, 1998
Website
shsholdings.com.sg
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Business
SHS Holdings Ltd. is an investment holding company engaged in engineering and construction, corrosion prevention, solar energy, and refined petroleum products distribution. Founded in 1971 and headquartered at 19 Tuas Avenue 20, Singapore 638830, the company operates primarily in Singapore, with activities extending to Malaysia, Vietnam, Indonesia, the People's Republic of China, Australia, New Zealand, Bangladesh, Mongolia, Hong Kong, South Korea, and Indonesia; its core businesses include the design, engineering, construction, and fabrication of steel, aluminium, and glass structures through subsidiary Hetat Holdings Pte Ltd, which holds S1 accreditation from the Singapore Structural Steel Society and undertakes modular construction, structural steel, and facade projects; corrosion prevention services such as grit blasting, painting, and specialized tank coatings for the marine, oil and gas, construction, and infrastructure sectors, serving as a resident contractor for premier Singapore shipyards; solar energy development, engineering, procurement, and construction of photovoltaic systems, rooftop installations, regional solar inverter distribution, and a completed 50MW solar power plant in Bangladesh; and refined petroleum products distribution, petrochemical blending, and trading via wholly-owned subsidiary TAT Petroleum Pte Ltd, supplying vehicular, agriculture, coating, pharmaceutical, plastic, and electronics industries across Asia Pacific, including as master distributor of a petroleum-based waterproofing product in Singapore. The company maintains strategic investments in Energy Drilling Pte Ltd for offshore drilling vessels and Aenergy Holdings Company Limited for mini-hydropower projects in Indonesia, alongside stakes in real estate developments like Heron Bay Executive Condominium. Recent developments include the completion in June 2025 of the acquisition of 100% equity interests in Guangxi Tidal Precision Technology Co., Ltd. and Nanning Tidal Aluminium Co., Ltd.; a September 2025 share disposal and acquisition of Seabird shares as part of restructuring with Globalfund; appointments of a new Group Chief Financial Officer and Independent Non-Executive Director in 2025; and diversification into solar inverters distribution and ongoing expansion of its geographical and product portfolios.