Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.
BDX.SI
STRONG SELLREMOVEGSH Corporation Limited · Industrials · Singapore · $318M · Avg Vol: $19K/d
GSH Corporation is a property developer and hospitality operator in Southeast Asia. It is highly capital-intensive, cyclical, and debt-laden, directly violating our Terry Smith and Buffett preferences for asset-light, high-ROIC businesses.
COMPANY DESCRIPTION
GSH Corporation Limited is a property developer and hospitality group with a portfolio of premium residential and commercial projects, as well as luxury resorts in Malaysia and China. The company's flagship asset, the Sutera Harbour Resort in Sabah, Malaysia, provides a strong foundation of recurring hospitality and tourism revenue. Its competitive advantage lies in its ability to acquire prime waterfront landbanks and develop high-margin, luxury mixed-use properties.
FINANCIAL SUMMARY (USD)
| Year | 2021 | 2022 | 2023 | 2024 | 2025 | CAGR |
|---|---|---|---|---|---|---|
| Revenue | — | 66.6M | 121.1M | 96.8M | 100.8M | 14.8% |
| EPS | -0.01 | -0.01 | -0.00 | -0.00 | — | — |
| Shares | 2.0B | 2.0B | 2.0B | 2.0B | 2.4B | +23.5% |
| Debt | — | 373.9M | 397.1M | 392.1M | 310.4M | -6.0% |
| Equity | — | 230.7M | 259.1M | 273.8M | 361.6M | 16.2% |
| Op CF | — | 50.3M | -12.7M | 27.6M | 26.4M | -19.4% |
| Inv CF | — | -19.6M | -22.9M | -18.4M | 1.2M | — |
| Fin CF | — | -16.4M | 8.8M | -6.2M | -23.7M | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Industrials, ranked by industry match, size, and score similarity. Cross-listings of BDX.SI are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| BDX.SI | GSH Corporation Limited(you) | $318M | 16 | STRONG SELL |
| F9D.SI | Boustead Singapore Limited | $788M | 90 | STRONG BUY |
| BN4.SI | Keppel Ltd. | $15.5B | 38 | HOLD |
| EGG | Enigmatig Limited | $205M | 18 | STRONG SELL |
| S08.SI | Singapore Post Limited | $566M | 15 | STRONG SELL |
| 0842.HK | Leoch International Technology Limited | $202M | 8 | STRONG SELL |
| CIGL | Concorde International Group Ltd | $452M | 0 | STRONG SELL |
| 2236.TW | Patec Precision Industry Co., Ltd. | $266M | 36 | HOLD |
| M14.SI | InnoTek Limited | $144M | 26 | SELL |
| FQ7.SI | Salt Investments Limited | $60M | 14 | STRONG SELL |
Peer medians: ROE 9.0% · P/E 10.4x · Gross margin 24.3%