Added to YB: 2026-09-21
Pitch date: 2026-09-17
KUH.SI [bullish]
TSH Corporation Limited
Author Info
Deep Value Insights is a 24-year-old finance & accounting master’s student searching for undervalued stocks. Sign up for the newsletter.
Company Info
TSH Corporation Limited, an investment holding company, operates a chain of pubs and bars in Singapore.
Market Cap
SGD 6.7M
Pitch Price
SGD 0.15
Price Target
N/A
Dividend
3.31%
EV/EBITDA
2.11
P/E
5.02
EV/Sales
0.47
Sector
Hotels, Restaurants and Leisure
Category
value
Overlooked net-net at 5x earnings - TSH Corporation Limited
KUH.SI: TSH is a profitable Singapore whisky-bar, importer and independent bottler trading at 4.8x earnings and 77% of NCAV, with S$9.77m of largely aged-whisky inventory versus a S$6.39m market cap. Bank debt has been repaid and dividends have begun; the Auld Alliance acquisition adds vintage inventory and customers. Illiquidity, high management pay and the 64% shareholder’s control are the key risks.
Read full article (9 min)