Associated International Hotels Limited (0105) AI Stock Analysis

• Market Cap: HK$1.87B
• Dividend Yield: 10.1%
• Average Volume (3M): 4.87K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.10
• Revenue Growth: -2.39%
• EPS Growth: 61.81%
• Country: HK
• Employees: 36
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Services
• EPS (TTM): -0.41
• Shares Outstanding: 360,000,000
• 10 Day Avg. Volume: 8,200
• 30 Day Avg. Volume: 4,866
• PEG Ratio: 0.01
• Price to Book (P/B): 0.25
• Price to Sales (P/S): 5.96
• P/FCF Ratio: 12.69
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 49 Neutral
• Price Target: HK$5.00 ▼(-3.85% Downside)

The overall stock score is primarily influenced by the company's financial performance and technical analysis. Significant financial challenges, including negative profitability metrics and limited cash flow improvements, weigh heavily on the score. Technical indicators further suggest bearish momentum. While the high dividend yield is a positive aspect, it is overshadowed by the negative P/E ratio and overall financial difficulties.

Positive Factors

Strong Gross Profit Margin

A strong gross profit margin indicates effective cost management and pricing power, which can support long-term profitability despite current challenges.

Low Leverage

Low leverage provides financial flexibility and reduces risk, allowing the company to navigate economic downturns and invest in growth opportunities.

Cash Generation Ability

Good cash generation relative to net income indicates the company's ability to sustain operations and invest in future growth, despite profitability issues.

Negative Factors

Negative Net Profit Margin

A deeply negative net profit margin reflects substantial losses, which can hinder reinvestment in the business and affect long-term viability.

Negative Return on Equity

Negative return on equity suggests inefficient use of shareholder funds, which can deter investment and impact future growth potential.

Negative Free Cash Flow Growth

Negative free cash flow growth limits the company's ability to fund new projects, pay down debt, or return capital to shareholders, impacting long-term strategic flexibility.

Associated International Hotels Limited Business Overview & Revenue Model

Company Description

Associated International Hotels Limited, an investment holding company, engages in the property investment activities in Hong Kong. Its investment properties include iSQUARE, a shopping and entertainment complex located in Tsim Sha Tsui MTR station; various units of Good Luck Industrial Building; a floor of Euro Trade Centre; units of an industrial property; and two residential properties. The company was incorporated in 1983 and is based in Tsim Sha Tsui, Hong Kong. Associated International Hotels Limited is a subsidiary of Tian Teck Land Limited.

How the Company Makes Money

The company generates revenue through multiple streams, primarily from room bookings, food and beverage sales, and event hosting services. Room bookings account for a significant portion of its income, driven by both direct sales and online travel agency partnerships. Additionally, Associated International Hotels Limited earns revenue from on-site dining establishments, bars, and catering services within its properties. Event hosting, including weddings, corporate meetings, and conferences, also contributes to the revenue, as the company provides comprehensive facilities and services to meet clients' needs. Strategic partnerships with travel companies and loyalty programs further enhance customer acquisition and retention, contributing positively to overall earnings.

Associated International Hotels Limited Financial Statement Overview

Summary

The company faces significant financial challenges, with a deeply negative net profit margin and negative EBIT and EBITDA margins, indicating operational difficulties. Despite a strong gross profit margin and low leverage, the negative return on equity and limited cash flow improvements highlight profitability and liquidity concerns.

Income Statement

The company has experienced significant volatility in its income statement metrics. Despite a strong gross profit margin of 68.4% in the latest year, the net profit margin is deeply negative at -187.5%, indicating substantial losses. Revenue growth is positive at 0.75%, but the EBIT and EBITDA margins are also negative, reflecting operational challenges.

Balance Sheet

The balance sheet shows a strong equity position with a low debt-to-equity ratio of 0.028, suggesting low leverage. However, the return on equity is negative, indicating that the company is not generating positive returns on its equity base. The equity ratio is healthy, reflecting a solid capital structure.

Cash Flow

Cash flow metrics reveal a mixed picture. The operating cash flow to net income ratio is above 1, indicating good cash generation relative to net income. However, free cash flow growth is negative, and the free cash flow to net income ratio is close to 1, suggesting limited cash flow improvements.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	296.78M	299.01M	292.14M	299.28M	301.32M	434.18M
Gross Profit	203.24M	204.53M	197.84M	213.93M	212.15M	341.82M
EBITDA	-47.34M	-520.03M	417.74M	192.03M	-1.09B	-1.47B
Net Income	-571.20M	-560.63M	376.76M	-1.58B	-1.12B	-1.53B
Balance Sheet
Total Assets	7.84B	7.61B	8.32B	8.07B	9.80B	11.06B
Cash, Cash Equivalents and Short-Term Investments	591.12M	510.84M	506.52M	452.42M	440.76M	373.70M
Total Debt	200.00M	200.00M	201.41M	201.49M	200.00M	201.65M
Total Liabilities	561.11M	465.80M	461.53M	449.54M	482.93M	481.00M
Stockholders Equity	7.28B	7.15B	7.86B	7.62B	9.32B	10.58B
Cash Flow
Free Cash Flow	160.29M	140.43M	181.96M	132.26M	185.82M	145.93M
Operating Cash Flow	160.82M	143.24M	183.69M	137.19M	187.99M	147.63M
Investing Cash Flow	24.69M	20.10M	22.55M	-4.31M	18.80M	-12.71M
Financing Cash Flow	-276.09M	-159.03M	-152.15M	-121.22M	-139.72M	-183.13M

Associated International Hotels Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 5.20
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0105, the sentiment is Positive. The current price of 5.2 is above the 20-day moving average (MA) of 5.17, above the 50-day MA of 5.12, and above the 200-day MA of 4.97, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 87.50 is Negative, neither overbought nor oversold. The STOCH value of 25.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0105.

Associated International Hotels Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0071	69 Neutral	HK$7.16B	10.29	3.35%	5.29%	-2.09%	-28.30%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
1686	63 Neutral	HK$12.30B	12.48	18.68%	2.54%	9.90%	7.68%
0014	61 Neutral	HK$19.48B	-62.20	-0.48%	5.77%	2.60%	50.07%
2602	58 Neutral	HK$22.36B	17.62	7.08%	1.77%	5.75%	-31.63%
0105	49 Neutral	HK$1.87B	-8.58	-3.07%	10.10%	-2.39%	61.81%

Associated International Hotels Limited Corporate Events

Associated International Hotels Reports Interim Loss Amid Property Valuation Challenges

Associated International Hotels Limited reported its unaudited interim results for the six months ending September 30, 2025, revealing a decrease in revenue and a significant loss due to valuation changes in investment properties. Despite a gross profit of HK$99.8 million, the company faced a comprehensive income loss of HK$148.4 million, highlighting challenges in maintaining profitability amidst fluctuating property valuations.

The most recent analyst rating on (HK:0105) stock is a Hold with a HK$5.00 price target. To see the full list of analyst forecasts on Associated International Hotels Limited stock, see the HK:0105 Stock Forecast page.

Associated International Hotels Limited Declares Interim Dividend

Associated International Hotels Limited announced an interim dividend of HKD 0.14 per share for the six months ending September 30, 2025. This decision reflects the company’s financial stability and commitment to returning value to its shareholders, with the payment date set for January 8, 2026. The announcement may positively impact the company’s market positioning by demonstrating financial health and shareholder value focus.

The most recent analyst rating on (HK:0105) stock is a Hold with a HK$5.00 price target. To see the full list of analyst forecasts on Associated International Hotels Limited stock, see the HK:0105 Stock Forecast page.

Associated International Hotels Limited Schedules Board Meeting for Interim Results

Associated International Hotels Limited has scheduled a board meeting on November 27, 2025, to approve and publish its interim results for the six months ending September 30, 2025. The meeting will also consider the payment of an interim dividend, which could impact shareholder returns and market perception.

The most recent analyst rating on (HK:0105) stock is a Hold with a HK$5.00 price target. To see the full list of analyst forecasts on Associated International Hotels Limited stock, see the HK:0105 Stock Forecast page.