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

• Market Cap: HK$952.56M
• Dividend Yield: 4.28%
• Average Volume (3M): 72.60K
• Price to Earnings (P/E): 3.7
• Beta (1Y): 0.30
• Revenue Growth: -2.67%
• EPS Growth: 16.46%
• Country: HK
• Employees: 1,830
• Sector: Consumer Cyclical
• Sector Strength: 69
• Industry: Travel Lodging
• EPS (TTM): 0.75
• Shares Outstanding: 340,200,000
• 10 Day Avg. Volume: 16,400
• 30 Day Avg. Volume: 72,603
• PEG Ratio: -2.64
• Price to Book (P/B): 0.27
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 25.10
• 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: HK$2.51
• Price Target Upside: -10.29% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

• Rating: 74 Outperform
• Price Target: HK$3.00 ▲(7.14%Upside)

Keck Seng Investments is well-positioned with strong profitability, a robust balance sheet, and attractive valuation metrics, particularly the low P/E ratio and reasonable dividend yield. The technical indicators point to a strong upward trend, although there are short-term correction risks due to overbought signals. The lack of current earnings call data and corporate events does not impact the score.

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

Company Description

Keck Seng Investments (Hong Kong) Ltd. is a diversified investment holding company primarily engaged in property investment and development. The company operates across several sectors, including real estate, hospitality, and financial investments. It owns and manages a portfolio of properties, including residential, commercial, and industrial assets, along with investments in hotels and other hospitality-related ventures.

How the Company Makes Money

Keck Seng Investments generates revenue through multiple streams primarily centered around its real estate and hospitality operations. The company earns income from leasing its portfolio of commercial, residential, and industrial properties, providing a steady stream of rental income. Additionally, it engages in property development and sales, which can lead to significant profits upon project completion and sale. In the hospitality sector, Keck Seng Investments generates revenue through its hotel operations, which include room rentals, food and beverage sales, and other related services. The company may also benefit from strategic financial investments, contributing to its overall earnings. Significant partnerships with other real estate developers and hospitality operators can enhance its market presence and revenue generation potential.

Keck Seng Investments (Hong Kong) Financial Statement Overview

Summary

Keck Seng Investments shows strong profitability with improved net profit and gross profit margins. The balance sheet is robust with low leverage and a high equity ratio. However, the lack of cash flow data and previous negative trends indicate a need for better cash flow management.

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
EBITDA	358.62M	549.70M	315.32M	-55.33M	-534.57M
Net Income	255.84M	219.66M	124.20M	-184.20M	-545.96M
Balance Sheet
Total Assets	5.76B	5.80B	5.64B	5.58B	5.75B
Cash, Cash Equivalents and Short-Term Investments	1.53B	1.52B	1.35B	1.19B	1.28B
Total Debt	1.32B	1.49B	1.55B	1.60B	1.60B
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: Positive
• Last Price: 2.80
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0184, the sentiment is Positive. The current price of 2.8 is above the 20-day moving average (MA) of 2.61, above the 50-day MA of 2.43, and above the 200-day MA of 2.21, indicating a bullish trend. The MACD of 0.12 indicates Negative momentum. The RSI at 74.77 is Negative, neither overbought nor oversold. The STOCH value of 93.14 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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	74 Outperform	HK$952.56M	3.72	7.95%	4.28%	-2.67%	16.46%
Sector *	57 Neutral	HK$26.15B	4.16	-2.03%	5.83%	-0.24%	-68.05%
0253	52 Neutral	HK$147.48M	―	-4.03%	―	12.86%	-269.71%
0201	52 Neutral	HK$635.24M	―	-1.07%	―	16.36%	-35.14%
0219	46 Neutral	HK$317.20M	―	-4.04%	―	12.86%	-297.41%
0617	44 Neutral	HK$323.23M	―	-18.37%	―	-2.69%	-53.59%
0078	35 Underperform	€494.33M	―	-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.