BBQF XMH Holdings XMH Holdings, valued at S\$0.365 per share, reported a significant net profit increase to S\$12.6 million for 1HFY2025, up 94.5% from the previous year. Despite a 5.8% decrease in revenue to S\$66.9 million, the company achieved an improved gross profit margin of 36.3%. This rise is attributed to increased demand for engines and spare parts in the Distribution and After-Sales segments and better margins in the Project segment. The Group anticipates that current business trends will persist over the next 6 to 12 months, driven by robust order books and a steady pipeline of deliveries in the Distribution and Project segments. XMH Holdings is capitalized at S\$40.0 million and trades at an annualized P/E of 1.6x and P/B of 0.6x. With a dividend yield of 9.6%, and the potential for higher dividends this year, XMH Holdings recently exited the SGX watchlist. The recommendation is to “Accumulate” due to its low valuations, attractive yield, and optimistic outlook.
