Keck Seng Investments (Hong Kong) (0184) AI Stock Analysis

• Market Cap: HK$796.07M
• Dividend Yield: 2.99%
• Average Volume (3M): 92.55K
• Price to Earnings (P/E): 3.1
• Beta (1Y): 0.27
• Revenue Growth: -2.67%
• EPS Growth: 16.46%
• Country: HK
• Employees: 1,830
• Sector: Consumer Cyclical
• Sector Strength: 57
• Industry: Travel Lodging
• EPS (TTM): 0.75
• Shares Outstanding: 340,200,000
• 10 Day Avg. Volume: 68,200
• 30 Day Avg. Volume: 92,550
• PEG Ratio: -0.04
• Price to Book (P/B): 0.27
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 2.70
• 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

• Rating: 75 Outperform
• Price Target: HK$2.50 ▲(8.23%Upside)

Keck Seng Investments scores well due to its solid financial performance and attractive valuation. The stock shows positive technical momentum, though the lack of cash flow data and potential issues in cash flow management are concerns. The absence of earnings call data and notable corporate events leaves some uncertainty.

Keck Seng Investments (Hong Kong) Business Overview & Revenue Model

Company Description

Keck Seng Investments (Hong Kong) Limited is a diversified investment holding company operating primarily in the sectors of property development, hotel management, and investment. With a focus on real estate and hospitality, the company engages in the development, management, and leasing of properties, as well as the operation and ownership of hotels. Keck Seng Investments serves a broad market, leveraging its strategic presence in Hong Kong and other regions to provide high-quality services and products.

How the Company Makes Money

Keck Seng Investments (Hong Kong) Limited generates revenue through several key streams. Its primary income comes from property development and leasing, where it develops commercial and residential properties and leases them to tenants, generating steady rental income. Another significant revenue stream is its hotel management and ownership operations, where the company earns income from hotel room bookings, food and beverage sales, and other hospitality services. Keck Seng Investments also engages in strategic investments, which can yield returns through dividends and capital gains. The company's diversified portfolio and strategic partnerships in real estate and hospitality sectors are crucial in enhancing its revenue potential and market presence.

Keck Seng Investments (Hong Kong) Financial Statement Overview

Summary

Keck Seng Investments demonstrates strong profitability and a robust balance sheet, with improved margins and a conservative debt approach. However, cash flow management remains a challenge, which could hinder future growth.

Income Statement

Keck Seng Investments has shown a recovery in profitability with a noticeable increase in net profit margin from 12.63% in 2023 to 15.11% in 2024. The gross profit margin remained strong at 49.03% in 2024. Despite a decline in revenue in 2024 by 2.67%, the company improved its EBIT and EBITDA margins, indicating better operational efficiency.

Balance Sheet

The company's balance sheet is stable, with a debt-to-equity ratio of 0.40 in 2024, reflecting a conservative leverage approach. The equity ratio stands at 57.46%, indicating a strong equity foundation. Return on equity improved to 7.73% in 2024, showcasing better profitability.

Cash Flow

The free cash flow was unavailable for 2024, but the company had a negative trend in previous years. Operating cash flow was not reported for 2024, making it difficult to assess cash generation capabilities. However, past figures suggest a need for improvement in cash flow management.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
1.69B	1.74B	1.43B	482.88M	665.71M
	Gross Profit
829.83M	861.44M	1.30B	438.85M	576.08M
	EBIT
432.18M	362.57M	162.13M	-213.19M	-286.20M
	EBITDA
358.62M	549.70M	315.32M	-55.33M	-534.57M
	Net Income Common Stockholders
255.84M	219.66M	124.20M	-184.20M	-545.96M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.53B	1.52B	1.35B	1.19B	1.28B
	Total Assets
5.76B	5.80B	5.64B	5.58B	5.75B
	Total Debt
1.32B	1.49B	1.55B	1.60B	1.60B
	Net Debt
1.31B	-22.78M	209.51M	423.90M	335.25M
	Total Liabilities
1.90B	2.06B	2.08B	2.04B	2.02B
	Stockholders Equity
3.31B	3.12B	2.94B	2.91B	3.10B
Cash Flow		Free Cash Flow
136.96M	298.43M	290.14M	-48.33M	-282.33M
	Operating Cash Flow
295.03M	345.51M	311.79M	-27.33M	-208.04M
	Investing Cash Flow
-123.06M	-103.50M	-50.03M	528.32M	148.81M
	Financing Cash Flow
-455.97M	-212.06M	-165.71M	-57.75M	-386.47M

Keck Seng Investments (Hong Kong) Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 2.31
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0184, the sentiment is Neutral. The current price of 2.31 is below the 20-day moving average (MA) of 2.31, above the 50-day MA of 2.21, and above the 200-day MA of 2.14, indicating a neutral trend. The MACD of 0.04 indicates Positive momentum. The RSI at 52.22 is Neutral, neither overbought nor oversold. The STOCH value of 13.53 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:0184.

Keck Seng Investments (Hong Kong) Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0184	75 Outperform	HK$796.07M	3.11	7.95%	2.99%	-2.67%	16.46%
Sector *	63 Neutral	$6.94B	11.34	2.80%	4.26%	2.68%	-24.70%
0253	52 Neutral	HK$132.97M	―	-4.03%	―	12.86%	-269.71%
0201	52 Neutral	HK$626.29M	―	-1.07%	―	16.36%	-35.14%
0617	47 Neutral	HK$351.09M	―	-18.37%	―	-2.69%	-53.59%
0219	46 Neutral	HK$301.85M	―	-4.04%	―	12.86%	-297.41%
0078	35 Underperform	HK$611.17M	―	-36.48%	―	1.87%	-42.24%

Keck Seng Investments (Hong Kong) Corporate Events

Keck Seng Investments Approves Key Resolutions at AGM

Keck Seng Investments (Hong Kong) Limited held its Annual General Meeting on June 2, 2025, where all proposed resolutions were approved by a significant majority. Key resolutions included the acceptance of the audited financial statements, the declaration of a final dividend, the re-election of directors, and the reappointment of KPMG as auditors. Additionally, mandates were granted to the directors for share buybacks and issuance of additional shares, reflecting strong shareholder support for the company’s strategic directions.

Keck Seng Investments Announces 2025 AGM and Key Resolutions

Keck Seng Investments (Hong Kong) Limited has announced its 2025 Annual General Meeting, which will be held on June 2, 2025, in Hong Kong. The agenda includes receiving the audited financial statements for the year ending December 31, 2024, declaring a final dividend of HK$0.07 per share, re-electing several directors, re-appointing KPMG as auditors, and authorizing the board to fix their remuneration. Additionally, resolutions will be considered to grant the directors mandates to buy back shares and to issue additional shares during a specified period.

Keck Seng Investments Reports Increased Profits for 2024

Keck Seng Investments (Hong Kong) Limited announced its final results for the year ended December 31, 2024, reporting a consolidated profit attributable to equity shareholders of HK$255,841,000, up from HK$219,656,000 in 2023. Despite a decrease in revenue and a proposed lower final dividend of HK$0.07 per share, the company saw significant gains from the disposal of hotel assets and a reversal of impairment loss on a hotel property, contributing to an increase in operating profit.

Keck Seng Investments Announces Final Dividend for 2024

Keck Seng Investments (Hong Kong) Limited has announced a final cash dividend of HKD 0.07 per share for the financial year ending December 31, 2024. The dividend will be paid on June 26, 2025, following shareholder approval on June 2, 2025, with an ex-dividend date of June 6, 2025. This announcement reflects the company’s ongoing commitment to returning value to its shareholders.