Employees: 1,340
Size Tiong Woon (BQM.SI) is a Singapore Financials company (Finance/Rental/Leasing) with a market value of $153M, the 183rd largest of 186 Singapore companies the cockpit tracks. Shares closed at S$0.84 on 6 Nov 2026.
Performance Over six months the shares fell 24.3%, against -10.4% for the median peer and -1.2% for the Singapore market (cap-weighted) — 6th lowest of 19 in its peer set.
Growth Revenue grew 14.8% over the last twelve months (peer median +4.6%); the operating margin is 39.5% (peer median 24.4%).
Valuation It trades at 0.57× book value against a peer median of 0.94× (3rd cheapest of 20).
Price implies The share price implies a return on equity of about 3.5%; Tiong Woon delivers 7.2%, so the price asks less than the business earns today.
Next results Next results expected around 17 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | S$188M | S$188M | S$164M | S$143M | S$136M |
| Revenue growth | — | +15% | +14% | +5% | — |
| Gross profit | S$76.4M | S$76.4M | S$61.4M | S$59.0M | S$54.1M |
| EBITDA | S$111M | S$111M | S$93.4M | S$90.0M | S$84.2M |
| Net income | S$23.9M | S$23.9M | S$19.2M | S$18.2M | S$15.7M |
| Free cash flow | S$39.9M | S$39.9M | S$4.09M | S$12.1M | S$37.7M |
| Capital expenditure | S$24.7M | S$24.7M | S$45.2M | S$25.8M | S$3.59M |
| Total debt | n/a | S$119M | S$112M | S$92.8M | S$99.2M |
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Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | BQM.SI | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -7.7% | +1.1% | 6th lowest of 21 |
| 6-month return | -24.3% | -10.4% | 6th lowest of 19 |
| Return on equity | 7.2% | 9.5% | 7th lowest of 19 |
| Price / book | 0.57× | 0.94× | 3rd cheapest of 20 |
| Trailing P/E | 8.2× | 8.6× | 7th cheapest of 15 |
| ROE the price implies | 3.5% | 9.3% | 2nd least demanding of 20 |
| ROE delivered | 7.2% | 9.3% | 6th lowest of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Tiong Woon BQM.SI | Singapore | $153M | -24% | +15% | 7% | 0.57× | 3.5% | 7.2% |
| Sing Investments & Finance S35.SI | Singapore | $270M | -10% | -14% | 9% | 0.68× | 3.3% | 9.3% |
| NewtekOne NEWT | United States | $309M | -25% | +24% | 14% | 0.84× | 10.3% | 14.5% |
| Timbercreek Financial TF.TO | Canada | $310M | -21% | -5% | 4% | 0.67× | 6.6% | 3.8% |
| Eightco ORBS | United States | $313M | -9% | -38% | -157% | 0.81× | 15.1% | -157.0% |
| Mortgage Advice Bureau (Holdings) MAB1.L | United Kingdom | $314M | -20% | +14% | 17% | 3.51× | 34.0% | 17.1% |
| NHN KCP 060250.KS | South Korea | $316M | -42% | +21% | 19% | 1.37× | 10.6% | 18.9% |
| S&U SUS.L | United Kingdom | $319M | -1% | +6% | 10% | 0.94× | 9.6% | 9.7% |
| Regional Management RM | United States | $324M | +3% | +8% | 13% | 0.87× | 9.3% | 12.6% |
| 7855 7855.TW | Taiwan | $325M | n/a | +2% | 14% | 1.18× | 4.0% | n/a |
| Public Financial 0626.HK | Hong Kong | $328M | +58% | -7% | 1% | 0.33× | 4.0% | 1.3% |
| IndoStar Capital Finance INDOSTAR.NS | India | $329M | -15% | -2% | 4% | 0.82× | 14.6% | n/a |
| Sankyo Frontier 9639.T | Japan | $331M | +6% | +4% | 11% | 0.97× | 5.8% | 11.5% |
| ASA International ASAI.L | United Kingdom | $332M | +28% | +25% | 45% | 1.69× | 30.5% | 44.9% |
| Shandong Hi-Speed 0412.HK | Hong Kong | $334M | -65% | -15% | n/a | n/a | n/a | n/a |
| China Aircraft Leasing 1848.HK | Hong Kong | $340M | -11% | +19% | 8% | 0.57× | 6.3% | 8.4% |
| Inflection Point Acquisition Corp. VI IPFX | United States | $343M | n/a | n/a | n/a | 1.41× | 7.7% | n/a |
| Sanghvi Movers SANGHVIMOV.NS | India | $343M | +11% | +30% | 15% | 2.47× | 34.6% | n/a |
| Crescent Capital BDC CCAP | United States | $346M | -31% | -29% | 0% | 0.53× | 5.6% | -0.5% |
| Waterstone Financial WSBF | United States | $357M | +6% | +5% | 9% | 1.02× | 8.8% | 8.7% |
| Better Home & Finance BETR | United States | $366M | -34% | +41% | -224% | 6.31× | 68.0% | -224.0% |