Hock Lian Seng Holdings (SGX:J2T) Gross Margin %: -103.33% (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SGX:J2T Hock Lian Seng Holdings Ltd SGX:J2T
49 GF Score
Price S$0.29
GF Value S$0.24
Valuation Modestly Overvalued
! 6 Warning Signs
View Full Analysis

What is Hock Lian Seng Holdings Gross Margin %?

Hock Lian Seng Holdings SGX:J2T 49 Gross Margin % is -103.33% as of Jun. 2026. GuruFocus rates SGX:J2T with a GF Score™ of 49/100 and a GF Value™ of S$0.24 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,731 Construction companies, Hock Lian Seng Holdings ranks worse than 99.19% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Hock Lian Seng Holdings's Gross Profit for the six months ended in Jun. 2026 was S$-52.4 Mil. Hock Lian Seng Holdings's Revenue for the six months ended in Jun. 2026 was S$50.7 Mil. Therefore, Hock Lian Seng Holdings's Gross Margin % for the quarter that ended in Jun. 2026 was -103.33%.


The historical rank and industry rank for Hock Lian Seng Holdings's Gross Margin % or its related term are showing as below:

SGX:J2T' s Gross Margin % Range Over the Past 10 Years
Min: -33.66   Med: 10.92   Max: 25.62
Current: -33.66


During the past 13 years, the highest Gross Margin % of Hock Lian Seng Holdings was 25.62%. The lowest was -33.66%. And the median was 10.92%.

SGX:J2T's Gross Margin % is ranked worse than
99.19% of 1731 companies
in the Construction industry
Industry Median: 20.79 vs SGX:J2T: -33.66

Hock Lian Seng Holdings had a gross margin of -103.33% for the quarter that ended in Jun. 2026 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Hock Lian Seng Holdings was 3.00% per year.


Hock Lian Seng Holdings  (SGX:J2T) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Hock Lian Seng Holdings had a gross margin of -103.33% for the quarter that ended in Jun. 2026 => No sustainable competitive advantage


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


Hock Lian Seng Holdings Gross Margin % Related Terms


Hock Lian Seng Holdings Gross Margin % Historical Data

* Premium members only.

The historical data trend for Hock Lian Seng Holdings's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Hock Lian Seng Holdings Gross Margin % Chart

Hock Lian Seng Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.11 7.29 11.48 16.55 8.19

Hock Lian Seng Holdings Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 21.33 10.85 7.60 8.92 -103.33

SGX:J2T vs PWR, FIX, EME: Gross Margin % Comparison

For the Engineering & Construction subindustry, Hock Lian Seng Holdings's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Hock Lian Seng Holdings Gross Margin % vs Construction Industry

For the Construction industry and Industrials sector, Hock Lian Seng Holdings's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Hock Lian Seng Holdings's Gross Margin % falls into.


SGX:J2T
49GF Score
Hock Lian Seng Holdings Ltd SGX:J2T
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hock Lian Seng Holdings Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Hock Lian Seng Holdings's Gross Margin for the fiscal year that ended in Dec. 2025 is calculated as

Gross Margin % (A: Dec. 2025 )=Gross Profit (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=15.3 / 186.259
=(Revenue - Cost of Goods Sold) / Revenue
=(186.259 - 171.008) / 186.259
=8.19 %

Hock Lian Seng Holdings's Gross Margin for the quarter that ended in Jun. 2026 is calculated as


Gross Margin % (Q: Jun. 2026 )=Gross Profit (Q: Jun. 2026 ) / Revenue (Q: Jun. 2026 )
=-52.4 / 50.697
=(Revenue - Cost of Goods Sold) / Revenue
=(50.697 - 103.08) / 50.697
=-103.33 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of -103.33% mean?
Hock Lian Seng Holdings (SGX:J2T) has a Gross Margin % of -103.33% as of Jun. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Hock Lian Seng Holdings and its competitors. According to the industry distribution chart, Hock Lian Seng Holdings ranks #1717 out of 1731 companies in the Construction industry, placing it in the top 99.2%.
Is Hock Lian Seng Holdings' Gross Margin % too high?
Hock Lian Seng Holdings' current Gross Margin % is -103.33%. Based on the distribution chart, Hock Lian Seng Holdings ranks #1717 out of 1731 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Hock Lian Seng Holdings has a GF Score™ of 49/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hock Lian Seng Holdings' Gross Margin % compare to PWR and FIX?
According to the Construction industry distribution chart, Hock Lian Seng Holdings ranks #1717 out of 1731 companies for Gross Margin %. This places Hock Lian Seng Holdings in the lower half of its industry. The industry median Gross Margin % is 20.79. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Construction company?
The median Gross Margin % among Construction companies is 20.79, based on 1,731 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Hock Lian Seng Holdings and its competitors. For the Construction industry, the median Gross Margin % is 20.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hock Lian Seng Holdings's current Gross Margin % is -103.33%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hock Lian Seng Holdings stock overvalued right now?
Based on GuruFocus' analysis, Hock Lian Seng Holdings (SGX:J2T) is currently considered Modestly Overvalued. The stock's GF Value™ is S$0.24, compared to a current price of S$0.29 — trading 20.8% above its estimated fair value. The current Gross Margin % is -103.33%. Hock Lian Seng Holdings' overall GF Score™ is 49/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Hock Lian Seng Holdings (SGX:J2T), the current Gross Margin % is -103.33% as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Hock Lian Seng Holdings (SGX:J2T) Overvalued in 2026?

Based on GuruFocus' analysis, Hock Lian Seng Holdings stock appears to be overvalued. The current stock price of S$0.29 is trading 20.8% above its estimated GF Value™ of S$0.24. GuruFocus considers Hock Lian Seng Holdings to be Modestly Overvalued.

Key valuation signals for SGX:J2T:

  • Gross Margin %: -103.33%
  • GF Value™: S$0.24 vs. price of S$0.29 (20.8% above fair value)
  • GF Score™: 49/100 with 6 warning signs

No single metric tells the full story. See the SGX:J2T stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hock Lian Seng Holdings Business Description

Address 80 Marine Parade Road, No. 16-08, Parkway Parade, Singapore, SGP, 449269
Hock Lian Seng Holdings Ltd is a civil engineering group undertaking projects for both the public and private sectors in Singapore. The Group carries out civil engineering works for bridges, expressways, tunnels, Mass Rapid Transit, port facilities, water and sewage facilities, and other infrastructure works. Its key customers include government and government-related bodies of Singapore, such as the Land Transport Authority, Housing Development Board, Port of Singapore Authority, etc. Additionally, the Group is involved in property development and property investment businesses with various industrial and residential projects in its portfolio. Its reportable operating segments are: Civil engineering, which generates the maximum revenue, Properties development, and Properties investment.
49GF Score

Get the complete analysis for SGX:J2T

Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

S$0.29
Price
S$0.24
GF Value