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← CockpitCompetitor Analysis › BQM.SI Tiong Woon Corporation Holding LtdOpen in the cockpit ↗

Tiong Woon Corporation Holding LtdBQM.SICompetitor analysis, valuation and peers

Singapore · SGD·Financials›Finance/Rental/Leasing
Momentum weak 28
Mkt cap
$153M
US dollars, full cap
Free float
53%
of shares outstanding
$/day
$46,039
20-day average traded
P/B
0.57×
price to book
ROE
7.2%
delivered
Implied ROE
3.5%
what the price asks
Next earnings
103 days
17 Feb 2027
Close · SGDS$0.84
1D-2.3%
1W-4.5%
1M-7.7%
3M-19.2%
6M-24.3%
YTD+9.1%
1Y+5.7%
ATR %1.8%
52w lowhigh25.7% off high

What Tiong Woon does

Employees: 1,340

Tiong Woon at a glance

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).

Relative performance

809010011 May 202611 Aug 20266 Nov 2026Peer median 87BQM.SI 76
Six months, rebased to 100: Tiong Woon against the median of its 20 peers (local-currency closes).

Tiong Woon financials

Reported figures in SGD; fiscal year ends 2026-06-30. TTM = trailing twelve months.
TTMFY2026FY2025FY2024FY2023
RevenueS$188MS$188MS$164MS$143MS$136M
Revenue growth—+15%+14%+5%—
Gross profitS$76.4MS$76.4MS$61.4MS$59.0MS$54.1M
EBITDAS$111MS$111MS$93.4MS$90.0MS$84.2M
Net incomeS$23.9MS$23.9MS$19.2MS$18.2MS$15.7M
Free cash flowS$39.9MS$39.9MS$4.09MS$12.1MS$37.7M
Capital expenditureS$24.7MS$24.7MS$45.2MS$25.8MS$3.59M
Total debtn/aS$119MS$112MS$92.8MS$99.2M

Quarterly statements and history in the cockpit →

Tiong Woon competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-50%0%+50%-20%0%+20%S35NEWTTFORBSMAB1060250SUSRM0626INDOSTAR9639ASAI04121848SANGHVIMOVCCAPWSBFBETRBQM.SI6-month return →1-month return →
Up and to the right = strong over both horizons. Tiong Woon is the large dot.

Fundamentals: return on equity against price-to-book

-200%-100%0%00×20×40×60×S35NEWTORBSMAB1060250SUS0626ASAI1848SANGHVIMOVBETRBQM.SIReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Tiong Woon is the large dot.

Capital: ROE delivered against the ROE the price implies

-200%-100%0%-200%-100%0%S35NEWTORBSMAB1ASAIBETRBQM.SIROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. Tiong Woon is the large dot.

Tiong Woon competitors and peer comparison

How Tiong Woon compares with its peers

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.

Tiong Woon against its 20 peers (data as of 6 Nov 2026)
MeasureBQM.SIPeer medianRank 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 equity7.2%9.5%7th lowest of 19
Price / book0.57×0.94×3rd cheapest of 20
Trailing P/E8.2×8.6×7th cheapest of 15
ROE the price implies3.5%9.3%2nd least demanding of 20
ROE delivered7.2%9.3%6th lowest of 16

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
Tiong Woon BQM.SISingapore$153M-24%+15%7%0.57×3.5%7.2%
Sing Investments & Finance S35.SISingapore$270M-10%-14%9%0.68×3.3%9.3%
NewtekOne NEWTUnited States$309M-25%+24%14%0.84×10.3%14.5%
Timbercreek Financial TF.TOCanada$310M-21%-5%4%0.67×6.6%3.8%
Eightco ORBSUnited States$313M-9%-38%-157%0.81×15.1%-157.0%
Mortgage Advice Bureau (Holdings) MAB1.LUnited Kingdom$314M-20%+14%17%3.51×34.0%17.1%
NHN KCP 060250.KSSouth Korea$316M-42%+21%19%1.37×10.6%18.9%
S&U SUS.LUnited Kingdom$319M-1%+6%10%0.94×9.6%9.7%
Regional Management RMUnited States$324M+3%+8%13%0.87×9.3%12.6%
7855 7855.TWTaiwan$325Mn/a+2%14%1.18×4.0%n/a
Public Financial 0626.HKHong Kong$328M+58%-7%1%0.33×4.0%1.3%
IndoStar Capital Finance INDOSTAR.NSIndia$329M-15%-2%4%0.82×14.6%n/a
Sankyo Frontier 9639.TJapan$331M+6%+4%11%0.97×5.8%11.5%
ASA International ASAI.LUnited Kingdom$332M+28%+25%45%1.69×30.5%44.9%
Shandong Hi-Speed 0412.HKHong Kong$334M-65%-15%n/an/an/an/a
China Aircraft Leasing 1848.HKHong Kong$340M-11%+19%8%0.57×6.3%8.4%
Inflection Point Acquisition Corp. VI IPFXUnited States$343Mn/an/an/a1.41×7.7%n/a
Sanghvi Movers SANGHVIMOV.NSIndia$343M+11%+30%15%2.47×34.6%n/a
Crescent Capital BDC CCAPUnited States$346M-31%-29%0%0.53×5.6%-0.5%
Waterstone Financial WSBFUnited States$357M+6%+5%9%1.02×8.8%8.7%
Better Home & Finance BETRUnited States$366M-34%+41%-224%6.31×68.0%-224.0%

Questions

Which companies are Tiong Woon's closest peers?
The cockpit's peer set: Sing Investments & Finance (S35.SI), NewtekOne (NEWT), Timbercreek Financial (TF.TO), Eightco (ORBS), Mortgage Advice Bureau (Holdings) (MAB1.L), NHN KCP (060250.KS), S&U (SUS.L), Regional Management (RM).
Is Tiong Woon expensive compared with its peers?
On price / book it trades at 0.57× against a peer median of 0.94×, 3rd cheapest of 20 in its peer set. 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.
How has Tiong Woon stock performed?
Over six months to 6 Nov 2026 the shares returned -24.3% against -10.4% for the median peer; over one year +5.7%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.