1. Singapore Stocks

  2. •

    Process industries

  3. •

    Containers/Packaging
Tat Seng Packaging Group Ltd

Tat Seng Packaging Group Ltd

SSGX:T12
0.95
SGD
-0.02
(-2.07%)
160.34MMarket Cap
Tat Seng Packaging Group Ltd
SGX:T12
(Singapore Exchange)

Recent

price

0.95

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
SGD
0.98
1.06
1.14
1.37
1.43
1.47
1.45
1.93
2.12
1.84
1.93
2.34
2.14
1.65
1.62
1.47
- -
Revenue per Share
0.04
0.03
0.05
0.08
0.06
0.08
0.09
0.13
0.12
0.09
0.15
0.15
0.13
0.12
0.12
0.11
- -
Basic EPS, GAAP
0.02
-0.02
- -
- -
0.01
0.13
0.06
-0.15
-0.02
0.18
0.15
0.06
0.15
0.21
0.16
0.11
- -
Free Cash Flow per Basic Share
0.01
0.01
0.01
0.01
0.02
0.02
0.03
0.04
0.03
0.03
0.02
0.04
0.04
0.05
0.05
0.04
- -
Dividend per Share
0.36
0.39
0.42
0.51
0.56
0.63
0.66
0.74
0.82
0.85
1.02
1.17
1.18
1.22
1.29
1.35
1.01
Book Value per Share
0.35
0.38
0.41
0.5
0.55
0.62
0.66
0.74
0.81
0.85
1.01
1.16
1.17
1.21
1.28
1.34
1.01
Tangible Book Value per Share
157
157
157
157
157
157
157
157
157
157
157
157
157
157
157
157
157
Basic Weighted Avg Shares
153
167
180
216
225
231
229
303
333
289
303
368
336
259
254
231
- -
Sales/Revenue/Turnover
6.04
4.34
6.53
8.1
7.06
7.73
9.84
9.5
8.1
6.97
10.73
8.66
6.83
9.49
8.62
7.73
- -
Operating Margin (%)
3
4
5
5
6
6
6
6
7
10
11
11
11
10
10
10
- -
Depreciation Expense
6
4
8
12
9
12
15
20
19
14
23
23
21
19
19
17
- -
Net Income, GAAP
21.13
22.59
15.52
18.07
28.85
23.39
25.55
17.57
18.46
21.74
16.22
18.52
11.02
23.11
17.86
14.29
- -
Effective Tax Rate (%)
4.06
2.66
4.3
5.49
4.23
5.38
6.35
6.72
5.8
4.97
7.63
6.34
6.15
7.28
7.41
7.3
- -
Profit Margin (%)
29
33
32
35
36
47
54
59
69
72
96
113
108
101
106
123
75
Working Capital
6
10
10
6
1
1
1
- -
18
18
12
4
7
6
6
9
6
LT Debt
59
64
70
86
94
105
111
126
139
143
171
196
197
203
213
223
171
Total Equity
10.09
6.5
9.81
13.33
9.73
11.51
12.38
13.97
10.84
7.68
12.05
10.24
8
7.03
6.57
5.49
- -
Return on Invested Capital (%)
9.4
7.15
10.46
12.49
9.67
10.95
10.22
11.28
9.08
7.17
10.12
8.69
7.93
6.89
6.74
5.85
- -
Return on Capital (%)
11.25
7.51
12.14
16.22
11.27
13.32
14.29
18.36
15.74
10.91
15.74
13.59
11.22
10.01
9.56
8.16
- -
Return on Common Equity (%)

Capital Structure

SGD

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
ST Debt
56
58
54
LT Borrowings
- -
3
- -
LT Finance Leases
6
6
6
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
157
157
157
Market Capitalization
143
139
160

Working Capital

SGD

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
Total Current Assets
194
219
166
Cash, Cash Equivalents & STI
97
121
64
Accounts Receivable, Net
42
47
48
Inventories
21
25
24
Total Current Liabilities
88
95
91
Payables & Accruals
- -
- -
- -
ST Debt
56
58
54
Deferred Revenue
- -
- -
- -

Growth Rates

SGD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.98%
5.57%
4.27%
Free Cash Flow
-154.56%
15.92%
-29.96%
Net Income, GAAP
5.76%
-5.96%
-10.29%
Sales/Revenue/Turnover
1.19%
-4.21%
-8.87%
Total Cash Common Dividend
- -
- -
-20%

Semi-annual Revenue

SGD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
254
2025
- -
- -
231
2026
- -
- -
- -

Semi-annual Earnings Per Share

SGD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.12
2025
- -
- -
0.11
2026
- -
- -
- -

Semi-annual Dividends Per Share

SGD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.05
2025
- -
- -
0.04
2026
- -
- -
- -
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Business
Tat Seng Packaging Group Ltd Tat Seng Packaging Group Ltd engages in the design, manufacture, and sale of corrugated paper products and other packaging solutions primarily in Singapore and the People's Republic of China (PRC), where the majority of its revenue originates. The company offers a range of core products including corrugated paper boards, corrugated paper cartons, die-cut boxes, assembly cartons, and heavy-duty corrugated paper products; it also provides other packaging-related items and custom design services to meet specifications for multinational corporations and local manufacturers in sectors such as food and beverage, electronics and electrical, pharmaceutical and chemical, plastic and metal stamping, and exporting industries. Founded in 1968 and headquartered at 28 Senoko Drive in Singapore, Tat Seng Packaging Group Ltd operates production facilities in Singapore, Suzhou, Nantong Rugao, Nantong Tongzhou, Hefei, and Tianjin, and functions as a subsidiary of Hanwell Holdings Limited, which holds a majority stake. In recent developments, Singapore billionaire Sam Goi Seng Hui, through his control of PSC Corp, launched a mandatory unconditional cash offer in August 2025 to acquire Tat Seng Packaging Group Ltd at S$0.899 per share, valuing the company at approximately S$110 million, following his takeover of PSC Corp in July 2025; the offer closed on September 19, 2025, with Goi increasing his stake and signaling confidence in the company's prospects amid ongoing insider purchases.