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4.4bil shares, not easy to trade. Maybe can consider share consolidation. Trade with care.
student ( Date: 11-Feb-2026 18:25) Posted:
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This one will surge IF instittions join the play.
Look like big buyers collecting at 14, 15 & 16 today.
who will want to short an alrdy oversold stock..
kt3152 ( Date: 11-Feb-2026 14:56) Posted:
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No panic...
Cover short nia
Cover short nia
kt3152 ( Date: 11-Feb-2026 14:56) Posted:
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Those who short today. Panic liao....
Thanks for advice.
Yup... this week never short already..
Observing ... 14/15 now ...
Yup... this week never short already..
Observing ... 14/15 now ...
Newbie85 ( Date: 11-Feb-2026 07:02) Posted:
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Wow so many negative comments...looks like all given up....may be can try to buy some...
No meet liao, left bone
Yes this counter good to short everyday
But after yesterday. Not so wise to do so now
But after yesterday. Not so wise to do so now
BlueKnight ( Date: 06-Feb-2026 17:33) Posted:
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Here' s a comprehensive overview of Hiap Seng Industries Limited (SGX: 1L2) and the factors behind its recent share price decline:
Company Overview
Hiap Seng Industries is a Singapore-based engineering services company founded in 1950. It provides:
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Engineering, Procurement, and Construction (EPC) services
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Plant maintenance for oil and gas, petrochemical, chemical, power, and pharmaceutical industries
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Mechanical construction including process piping, pressure vessels, and modular compression systems
The company was relisted on SGX Mainboard in February 2024 following a complex restructuring through a Scheme of Arrangement after being under judicial management since 2020
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Recent Share Price Decline: Key Factors
The stock has experienced significant volatility with multiple sharp drops:
1. Severe Revenue Decline
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FY2025 revenue: S$22.86 million (down 8.3% from FY2024' s S$24.94 million)
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Revenue has declined 17% over the past year and 6.7% over the past three years in aggregate
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This contrasts sharply with the construction industry' s expected 40% growth forecast
2. Earnings Collapse
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Net income plummeted 69%: From S$20.07 million in FY2024 to just S$6.2 million in FY2025
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EPS diluted crashed 79%: From S$0.007 in FY2024 to only S$0.002 in FY2025
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The FY2024 results were artificially inflated by S$19.32 million in one-off gains (debt restructuring/discharge) that didn' t repeat in FY2025
3. Extreme Valuation Disconnect
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The stock trades at a Price-to-Sales ratio of 4.6x&ndash 5.5x, while half of Singapore' s construction industry trades below 0.8x P/S
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This premium valuation is difficult to justify given the declining revenue trajectory versus industry growth expectations
4. Share Dilution from Capital Raising
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Massive share issuance has diluted existing shareholders:
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Shares outstanding grew from 3,060 million (FY2024) to 3,873 million (FY2025) &mdash a 27% increase
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This dilution directly contributed to the 73% EPS decline
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5. Insider Selling
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Substantial insider selling in Q4 2025: Director Tian Yuan dumped S$3.7 million worth of shares
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This signals lack of confidence from key management figures
6. Profitability Warning Signs
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The company has identified 6 warning signs in its financials (2 considered particularly concerning)
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Free cash flow turned negative at -S$40,750 in the trailing twelve months
Recent Price Action
| Timeframe | Decline |
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| Past month | -27% to -32%
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| Past 3 months | -12%
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Despite these drops, the stock is still up approximately 450% annually due to earlier speculative momentum following its relisting
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Summary
The rapid decline reflects a correction from overvaluation as investors recognize that:
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The FY2024 earnings were unsustainable (boosted by one-off restructuring gains)
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Core operations remain weak with declining revenue in a growing industry
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Massive dilution is destroying shareholder value
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Insider selling confirms management' s lack of confidence
The stock appears to be undergoing a painful repricing as the market adjusts expectations from the initial post-restructuring euphoria to the reality of challenging operational fundamentals in the oil & gas engineering sector.
No impact and they will exercise it as it is a sure profit due to low exercise price. The company will end up with more cash flow from these exercise.
f unexercised, shall lapse and cease to be valid for any purpose.
Stocky901 ( Date: 10-Feb-2026 19:50) Posted:
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Any impact if they just let the options expired without exercising? 🤔
kt3152 ( Date: 10-Feb-2026 15:49) Posted:
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Hold bullets for 13th...see any last min sell off...
kt3152 ( Date: 10-Feb-2026 15:49) Posted:
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TY got 2 more days to exercise the option....interesting....
Rebounce now... tomorrow will see more to come...
the gap at 12 finally covered.. likely a big support here..
lets see..those bought at 40s nursing big lossess if nvr cut..
cham when STI at new highs
lets see..those bought at 40s nursing big lossess if nvr cut..
cham when STI at new highs
piscesmonkey ( Date: 09-Feb-2026 17:08) Posted:
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10m selling at 12 closing look like tmr can go down 8 liao
Jialat liao.. that chau ah qua aragosta back side itchy again.. enduring for so long now finally got a rare chance to throw out cock&bull stories on hsi.. even somebody just mentioned the word 'gangster' ..so desperate.. hahaha.. but as usual don't expect anything new from the koyo postings.. all the same cock&bull stories.. really outdated & sia suay kia .. hahaha.. and even gangsters also ignore this idiot ..😭