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← CockpitCompetitor Analysis › U10.SI UOB-Kay Hian Holdings LimitedOpen in the cockpit ↗

UOB-Kay Hian Holdings LimitedU10.SICompetitor analysis, valuation and peers

Singapore · SGD·Financials›Investment Banks/Brokers

One of Southeast Asia's largest stockbroking firms, providing equity brokerage and wealth management across the region.

≈ One of Southeast Asia's largest stockbroking firmsMomentum laggard 12
Mkt cap
$2.36B
US dollars, full cap
Free float
26%
of shares outstanding
$/day
$4.18M
20-day average traded
Fwd P/E
9.4×
forward earnings
ROIC−WACC
n/a
WACC 5.5%
Hurdle
n/a
no reverse DCF
Next earnings
111 days
25 Feb 2027
Close · SGDS$3.06
1D-4.1%
1W-0.7%
1M-14.3%
3M-30.1%
6M-28.8%
YTD+19.1%
1Y+20.9%
ATR %4.4%
52w lowhigh36.1% off high

What UOB-Kay Hian does

One of Southeast Asia's largest stockbroking firms, providing equity brokerage and wealth management across the region.

Earns commissions per trade across several Southeast Asian markets, interest on margin loans to clients buying shares, and wealth-management fees. Income follows trading volumes.

In one line: One of Southeast Asia's largest stockbroking firms.

Products and services

  • Equity brokerage services
  • Futures/derivatives brokerage
  • Wealth management/investment advisory

Customers

  • Retail and institutional investors across Singapor

Where it sits in the supply chain

  • Financial services
  • Stockbroking
  • Wealth management & advisory

What could go right

  • Regional equity trading volume growth
  • Wealth management fee income growth

What could go wrong

  • Brokerage commission fee compression
  • Equity market trading volume cyclicality

Moat: narrow (brand, scale, distribution). Long-established regional brokerage network and brand across multiple Southeast Asian exchanges.

Headquarters: Singapore · Founded: 1976 · Employees: 2,000

Named competitors

UOB-Kay Hian at a glance

Size UOB-Kay Hian (U10.SI) is a Singapore Financials company (Investment Banks/Brokers) with a market value of $2.36B, the 44th largest of 186 Singapore companies the cockpit tracks. Shares closed at S$3.06 on 6 Nov 2026.

Performance Over six months the shares fell 28.8%, against -11.8% for the median peer and -1.2% for the Singapore market (cap-weighted) — lowest of 20 in its peer set.

Growth Revenue grew 36.2% over the last twelve months (peer median +11.1%); the operating margin is 42.5% (peer median 31.7%).

Valuation It trades at 9.4× forward earnings against a peer median of 13.7× (3rd cheapest of 15).

Next results Next results expected around 25 Feb 2027 (exchange calendar; dates can move).

Relative performance

8010011 May 202611 Aug 20266 Nov 2026Peer median 88U10.SI 73
Six months, rebased to 100: UOB-Kay Hian against the median of its 20 peers (local-currency closes).

UOB-Kay Hian financials

Reported figures in SGD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueS$935MS$767MS$698MS$597MS$504M
Revenue growth—+10%+17%+19%—
Gross profitS$771MS$629MS$594MS$506MS$400M
EBITDAS$418MS$318MS$309MS$254MS$174M
Net incomeS$305MS$239MS$224MS$170MS$102M
Free cash flow-S$843MS$108M-S$110MS$432MS$663M
Capital expenditureS$13.6MS$14.8MS$4.75MS$4.78MS$2.66M
Total debtn/aS$1.29BS$833MS$846MS$1.40B

Quarterly statements and history in the cockpit →

UOB-Kay Hian 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

0%+50%-10%0%+10%CFT2855000686601375CMCX8304062233506005FTK600621600927002670CDSLTCAPTATAINVESTU10.SI6-month return →1-month return →
Up and to the right = strong over both horizons. UOB-Kay Hian is the large dot.

Fundamentals: revenue growth against valuation

-150%-100%-50%0%+50%20×40×CFT000686601375CMCXLCLN002500FTK600927CDSLTCAP2691U10.SIRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. UOB-Kay Hian is the large dot.

UOB-Kay Hian competitors and peer comparison

Head to head with its named competitors (U10.SI vs D05.SI vs FUTU vs TIGR)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
UOB-Kay Hian U10.SI$2.36B-29%+36%42%9.4×n/a
DBS D05.SI$155B+19%-5%54%17.0×n/a
Futu Holdings Ltd. Sponsored ADR FUTU$13.7B-32%+44%69%6.8×n/a
UP Fintech Holding Ltd. Sponsored ADR TIGR$710M-40%+41%44%4.9×n/a

How UOB-Kay Hian 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.

UOB-Kay Hian against its 20 peers (data as of 6 Nov 2026)
MeasureU10.SIPeer medianRank in peer set
1-month return-14.3%-3.2%4th lowest of 21
6-month return-28.8%-11.8%lowest of 20
Distance from 52-week high-36.1%-24.5%5th lowest of 21
Revenue growth (TTM)+36.2%+11.1%5th highest of 21
Operating margin42.5%31.7%8th highest of 20
Forward P/E9.4×13.7×3rd cheapest of 15

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
UOB-Kay Hian U10.SISingapore$2.36B-29%+36%42%9.4×n/an/a
Compagnie Financiere Tradition CFT.SWSwitzerland$2.37B-15%+3%14%13.1×n/an/a
President Securities 2855.TWTaiwan$2.34B+24%+796%32%n/an/an/a
Northeast Securities 000686.SZChina$2.52B-17%+1%23%11.1×n/an/a
Central China Securities 601375.SSChina$2.19B-6%+35%32%29.3×n/an/a
CMC Markets CMCX.LUnited Kingdom$2.54B+79%+16%27%10.5×n/an/a
Aozora Bank 8304.TJapan$2.60B+17%+12%29%14.4×n/an/a
Lincoln International LCLNUnited States$2.65Bn/a+35%28%18.3×n/an/a
Oshidori International 0622.HKHong Kong$2.67B+52%+71%47%n/an/an/a
Metaplanet 3350.TJapan$2.05B-27%+290%62%n/an/an/a
Capital Securities 6005.TWTaiwan$2.04B-7%+81%46%n/an/an/a
Shanxi Securities 002500.SZChina$2.73B-10%-3%28%16.4×n/an/a
flatexDEGIRO FTK.DEGermany$2.78B-27%+20%45%11.1×n/an/a
Shanghai Chinafortune 600621.SSChina$1.97B-12%-5%25%15.6×n/an/a
Yongan Futures 600927.SSChina$2.83B-12%-139%n/a24.3×n/an/a
Guosheng Securities 002670.SZChina$2.92B-20%-11%11%n/an/an/a
Central Depository Services (India) CDSL.NSIndia$2.95B+5%+3%50%52.1×n/an/a
TP ICAP TCAP.LUnited Kingdom$2.97B-1%+4%11%8.9×n/an/a
Nanhua Futures 2691.HKHong Kong$1.86B-17%-24%47%5.8×n/an/a
HUAXI Securities 002926.SZChina$3.01B-12%+10%36%11.4×n/an/a
Tata Investment TATAINVEST.NSIndia$3.06B-22%+18%89%n/an/an/a

Questions

Who are UOB-Kay Hian's main competitors?
Named competitors: CGS International Securities (private or unlisted), Phillip Securities (private or unlisted), RHB Investment Bank (private or unlisted), DBS Group (D05.SI), OCBC (private or unlisted), Futu Holdings (FUTU). The cockpit's measured peer set (industry) also includes Compagnie Financiere Tradition (CFT.SW), President Securities (2855.TW), Northeast Securities (000686.SZ), Central China Securities (601375.SS), CMC Markets (CMCX.L), Aozora Bank (8304.T).
Is UOB-Kay Hian expensive compared with its peers?
On forward p/e it trades at 9.4× against a peer median of 13.7×, 3rd cheapest of 15 in its peer set.
How has UOB-Kay Hian stock performed?
Over six months to 6 Nov 2026 the shares returned -28.8% against -11.8% for the median peer; over one year +20.9%.

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.