Singapore's Tuan Sing Holdings H1 net profit drops on weaker investments and hospitality

About this update from Tuan Sing Holdings Limited

OverviewSingapore real estate developer's 1H2026 revenue fell 4% yr/yrNet profit attributable to shareholders declined 75% yr/yr, mainly from weaker Other investments and hospitalityEarnings per share for 1H2026 was 0.29 cents, down from 1.16 cents in 1H2025OutlookCo says it remains committed to develop and enhance its asset portfolio, explore potential strategic partnerships and acquisitions to expand its footprintResult DriversLOWER REAL ESTATE DEVELOPMENT AND HOSPITALITY - Co said revenue fell mainly due to weaker performance in Real Estate Development and Hospitality segmentsWEAKER OTHER INVESTMENTS - Co said net profit decline was mainly due to lower contributions from Other Investments, especially GulTech, as rising material costs compressed marginLOWER FAIR VALUE GAINS - Co said net profit was also hurt by lower net fair value gains from property revaluations in Singapore, Australia and ChinaCompany press release:Key DetailsMetricBeat/MissActualConsensus EstimateH1 RevenueS$67.40 mlnH1 Net IncomeS$3.60 mlnH1 Adjusted EBITS$14.10 mlnH1 Gross ProfitS$35.50 mlnH1 Net Income AttributableS$3.60 mlnAnalyst CoverageThe stock recently traded at 15 times the next 12-month earnings vs. a P/E of 17 three months agoReuters Recommended ReadsAug 6 - Singapore's Far East Orchard HY revenue more than doublesAug 5 - Singapore's IREIT Global H1 gross revenue fallsAug 6 - EfTEN United Q2 profit drops 75% on property investment revaluationsFor questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

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