Tiong Woon Corporation Holding (SGX:BQM) Margin Compression Challenges Bullish Growth Narrative

Simply Wall St.

Feb 15

Tiong Woon Corporation Holding (SGX:BQM) has reported new figures for H1 2026, with H2 2025 revenue at S$84.7 million and basic EPS of S$0.0309. Trailing 12 month net profit margins were 11.8% ...

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Trailing 12 month net profit margins were 11.8% ...</p>\n\n<a href=\"https://simplywall.st/stocks/sg/commercial-services/sgx-bqm/tiong-woon-corporation-holding-shares/news/tiong-woon-corporation-holding-sgxbqm-margin-compression-cha\">Source Link</a>\n\n</div>\n","source":"simplywall_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tiong Woon Corporation Holding (SGX:BQM) Margin Compression Challenges Bullish Growth Narrative</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTiong Woon Corporation Holding (SGX:BQM) Margin Compression Challenges Bullish Growth Narrative\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-02-15 14:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://simplywall.st/stocks/sg/commercial-services/sgx-bqm/tiong-woon-corporation-holding-shares/news/tiong-woon-corporation-holding-sgxbqm-margin-compression-cha><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tiong Woon Corporation Holding (SGX:BQM) has reported new figures for H1 2026, with H2 2025 revenue at S$84.7 million and basic EPS of S$0.0309. Trailing 12 month net profit margins were 11.8% ...</p>\n\n<a href=\"https://simplywall.st/stocks/sg/commercial-services/sgx-bqm/tiong-woon-corporation-holding-shares/news/tiong-woon-corporation-holding-sgxbqm-margin-compression-cha\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6504","symbol_name":"工业制品概念","start_time":0,"source_url":"https://simplywall.st/stocks/sg/commercial-services/sgx-bqm/tiong-woon-corporation-holding-shares/news/tiong-woon-corporation-holding-sgxbqm-margin-compression-cha","article_id":"2611262711","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/industry/3112100-choice2-main-header/1585186903084"],"rights":{"source":"simplywall_highlight","url":"https://simplywall.st/stocks/sg/commercial-services/sgx-bqm/tiong-woon-corporation-holding-shares/news/tiong-woon-corporation-holding-sgxbqm-margin-compression-cha","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2611262711","pubTimestamp":1771136517,"columns":[],"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"Tiong Woon Corporation Holding (SGX:BQM) has reported new figures for H1 2026, with H2 2025 revenue at S$84.7 million and basic EPS of S$0.0309. Trailing 12 month net profit margins were 11.8% compared with 12.7% a year earlier, and year on year earnings growth was 5.5%. The company’s total revenue increased from S$67.9 million in H2 2024 to S$84.7 million in H2 2025, while basic EPS moved from S$0.0321 to S$0.0309 across the same periods. These figures give investors information to weigh a...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK6504":"工业制品概念","BLSG":"2倍做多BLSH ETF-Leverage Shares","BK6054":"综合支持服务","BQM.SI":"长运","BK4112":"金融交易所和数据","BLSX":"Tradr 2X Long BLSH Daily ETF"},"translate_title":"Tiong Woon Corporation Holding(SGX：BQM)利润率压缩挑战看涨增长叙事","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BLSG":0.6,"BLSX":0.6,"BQM.SI":1.98},"content_text":"Tiong Woon Corporation Holding (SGX:BQM) has reported new figures for H1 2026, with H2 2025 revenue at S$84.7 million and basic EPS of S$0.0309. Trailing 12 month net profit margins were 11.8% compared with 12.7% a year earlier, and year on year earnings growth was 5.5%. The company’s total revenue increased from S$67.9 million in H2 2024 to S$84.7 million in H2 2025, while basic EPS moved from S$0.0321 to S$0.0309 across the same periods. These figures give investors information to weigh a multi year earnings growth record and forecast gains against the recent margin compression and more measured near term profit pickup. See our full analysis for Tiong Woon Corporation Holding. With the headline figures in place, the next step is to see how these results compare with the widely held stories around Tiong Woon’s growth, profitability and risks, and where the numbers either support those views or challenge them. Curious how numbers become stories that shape markets? Explore Community Narratives SGX:BQM Earnings & Revenue History as at Feb 2026 AdvertisementFive year earnings growth at 22.6% p.a.  Across the last five years, reported earnings growth of 22.6% per year sits alongside trailing 12 month net income of S$19.2 million and trailing EPS of S$0.0829 based on the latest data. What stands out for a bullish view is how that 22.6% multi year earnings pace compares with the more recent 5.5% yearly increase, which\n     highlights that the long run record looks stronger than the latest single year, even though the trailing net profit margin of 11.8% remains close to last year's 12.7% level, and supports the idea that a track record across several years can matter more than a quieter 12 month period when you are judging how steady a business model might be.    Strong multi year growth combined with a more modest recent step up often leads long term focused investors to look more closely at how durable those earnings could be if current trends hold. 📊 Read the full Tiong Woon Corporation Holding Consensus Narrative. 11.8% margin versus 12.7% last year  The trailing net profit margin is 11.8%, slightly lower than the 12.7% margin a year ago, while trailing 12 month revenue is S$163.5 million compared with S$146.7 million a year earlier. Critics focus on that margin decline and the 5.5% one year earnings growth rate, arguing it softens the picture against the 22.6% five year pace. However,\n     the fact that margins are still in double digits alongside S$19.2 million of trailing net income suggests profitability remains solid in absolute terms, and the combination of higher trailing revenue and only a small margin shift keeps the debate open on whether this is simply normal variability or something more structural.    P/E of 11.7x with DCF fair value at S$9.19  Tiong Woon is quoted at S$0.97 per share on a P/E of 11.7x, compared with 17.2x for the broader Asian Commercial Services industry and 22.1x for peers, while the DCF fair value in the data is S$9.19. Supporters of a bullish setup point to that P/E discount and the wide gap between the S$0.97 share price and the DCF fair value of S$9.19, and they also highlight\n     forecast earnings growth of about 11.5% per year and revenue growth of about 7.5% per year, which are both noted as higher than Singapore market averages, and the contrast between those growth forecasts and the current valuation levels as a reason some investors may see the shares as pricing in a more cautious future than the data provided suggests.    If you want to see how other investors connect the dots between these growth rates, margins and valuation gaps, have a look at Curious how numbers become stories that shape markets? Explore Community Narratives  Next Steps Don't just look at this quarter; the real story is in the long-term trend. We've done an in-depth analysis on Tiong Woon Corporation Holding's growth and its valuation to see if today's price is a bargain. Add the company to your watchlist or portfolio now so you don't miss the next big move. See What Else Is Out There Compared with its 22.6% five year earnings pace, Tiong Woon’s 5.5% recent growth and slightly lower 11.8% margin point to a more muted near term picture. If that softer growth patch has you looking for stronger momentum backed by valuation support, check out our 229 high quality undervalued stocks that filters for companies where the numbers look more compelling right now.  This article by Simply Wall St is general in nature. We provide commentary based on historical data\n    and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your\n    financial situation. We aim to bring you long-term focused analysis driven by fundamental data.\n    Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.\n    Simply Wall St has no position in any stocks mentioned.Valuation is complex, but we're here to simplify it.Discover if Tiong Woon Corporation Holding might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.Access Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}