TUAN SING HOLDINGS LIMITED (T24) Fair Value & Analysis
Real Estate · SG · Market cap 387M SGD
Fair value as of: Aug 16, 2026
From 6 valuation models · updated 2 days ago
Share price −4.9% over the past month.
A solid business, screening 52% undervalued on our models.
What matters now
- The price is below even our cautious bear case (0.3300 SGD). The market is more pessimistic than our downside scenario.
- Solid quality (55/100) at a price below fair value, the discount is the argument here, not the business quality.
- As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 16, 2026.
How to read this chart
60‑month range 0.2000 SGD – 0.5207 SGD · fair‑value band 0.3300 SGD – 0.5500 SGD · the 0.2900 SGD price screens below the 0.4400 SGD fair value. Dashed = 300-day average. As of Aug 16, 2026.
Analysis
TUAN SING HOLDINGS LIMITED (T24) currently trades at 0.2900 SGD, while our model-based Fair Value estimate is 0.4400 SGD, implying the stock looks roughly 51.7% undervalued today. The Quality Score stands at 55/100 (solid quality), in the Real Estate sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.
Over the trailing twelve months, TUAN SING HOLDINGS LIMITED generated revenue of 146M SGD at a net margin of 22.0%. Revenue declined 12.0% year over year. It earns a return on equity of 2.6%. Net debt stands at 1.2B SGD. Fundamentals as of Aug 16, 2026
Our scenario range runs from 0.3300 SGD (bear case) to 0.5500 SGD (bull case); at 0.2900 SGD, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 21% below its 52-week high and 14% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -34% fair-value upside, at 52%, T24 screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 6 models by family
Widest divergence: Asset-Based (0.6600 SGD) versus Dividend Discount (0.0500 SGD). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 16, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 55 · Market factors (momentum, volatility) 47
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Tuan Sing Holdings Limited, an investment holding company, engages in the real estate investment and development, hospitality, and other businesses in Singapore, Australia, China, Malaysia, and Indonesia.
Full company description
Tuan Sing Holdings Limited, an investment holding company, engages in the real estate investment and development, hospitality, and other businesses in Singapore, Australia, China, Malaysia, and Indonesia. The company develops and invests in residential, commercial, and industrial properties, as well as provides construction management and management consultancy services. It also owns and operates hotels managed by Hyatt International under the Grand Hyatt Melbourne and Residence on Langley Park names in Melbourne, Australia; and operates serviced apartments. In addition, the company provides maritime port services; manufactures and markets polypropylene woven bags; and manufactures and sells printed circuit boards, as well as distributes golf-related lifestyle products; and engages in the treasury and trustee activities. The company was formerly known as Hytex Limited and changed its name to Tuan Sing Holdings Limited in 1983. Tuan Sing Holdings Limited was incorporated in 1969 and is based in Singapore. Tuan Sing Holdings Limited operates as a subsidiary of Nuri Holdings (S) Pte Ltd.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
TUAN SING HOLDINGS LIMITED reported revenue of 146M SGD in FY2025 versus 245M SGD in FY2021, a compound −12.2%/yr. Reported net income was 32.1M SGD in FY2025, compounding −21.3%/yr from FY2021.
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Peer Group
Real Estate - Diversified · 137 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Real Estate - Diversified median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Real Estate - Diversified stocks, each showing price versus our Fair Value estimate (as of Aug 16, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Swiss Prime Site AG SPSN | CHF 128.80 | CHF 44.83 | -65% |
| Central Pattana Public Company CPN | 66.00 THB | 71.37 THB | +8% |
| Prestige Estates Projects Limited PRESTIGE | ₹1,591 | ₹645.21 | -59% |
| The Phoenix Mills Limited PHOENIXLTD | ₹1,905 | ₹701.74 | -63% |
| Umm Al Qura for Development and Construction Company 4325 | 17.55 SAR | 11.60 SAR | -34% |
| Fastighets AB BALDB | kr 54.08 | kr 70.70 | +31% |
| Hainan Airport Infrastructure Co 600515 | ¥2.94 | ¥0.3300 | -89% |
| Parque Arauco S.A PARAUCO | 3,954 CLP | 2,740 CLP | -31% |
| Shenzhen Special Economic Zone Real Estate & Properties (Group) Co 000029 | ¥23.19 | ¥4.60 | -80% |
| Corporación Inmobiliaria Vesta, S.A. VESTA | 59.57 MXN | 52.49 MXN | -12% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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