Liu Chong Hing Investment Limited (0194) AI Stock Analysis

• Market Cap: HK$1.57B
• Dividend Yield: 64.31%
• Average Volume (3M): 37.69K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.22
• Revenue Growth: 26.14%
• EPS Growth: -2.71%
• Country: HK
• Employees: 546
• Sector: Financial
• Sector Strength: 76
• Industry: Real Estate - Development
• EPS (TTM): -2.21
• Shares Outstanding: 378,583,440
• 10 Day Avg. Volume: 44,200
• 30 Day Avg. Volume: 37,686
• PEG Ratio: -0.40
• Price to Book (P/B): 0.22
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -10.16
• 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: 54 Neutral
• Price Target: ―

Liu Chong Hing Investment Limited shows a mixed financial outlook with significant profitability and cash flow challenges. While technical indicators suggest moderate positive momentum, the negative P/E ratio underscores profitability issues despite a high dividend yield. The company's strong balance sheet provides some stability, but operational improvements are needed to enhance earnings and liquidity.

Liu Chong Hing Investment Limited Business Overview & Revenue Model

Company Description

Liu Chong Hing Investment Limited (0194) is a diversified investment holding company headquartered in Hong Kong. It primarily engages in property development and investment, hospitality, and property management services. The company operates across several sectors, including real estate development, hotel operations, and property leasing, with a focus on delivering high-quality services and developments in Hong Kong and Mainland China.

How the Company Makes Money

Liu Chong Hing Investment Limited generates revenue through multiple streams, primarily centered around its real estate and hospitality operations. The company earns money from the sale and leasing of residential, commercial, and retail properties developed by its real estate division. Additionally, it operates hotels and serviced apartments, generating income from room bookings, food and beverage services, and other hospitality-related activities. The property management arm provides services to properties within its portfolio, contributing to a steady stream of management fees. Key factors contributing to its earnings include strategic partnerships for joint developments, market demand for premium real estate, and the company’s ability to attract and retain tenants and guests across its properties.

Liu Chong Hing Investment Limited Financial Statement Overview

Summary

Liu Chong Hing Investment Limited faces profitability and cash flow challenges, with negative net income and inadequate cash flow generation in recent years. While the company maintains a low leverage ratio and a stable equity position, its ability to generate consistent profits and cash flows remains a key concern. The financial trajectory suggests a need for operational improvements to stabilize earnings and enhance liquidity.

Income Statement

The company has shown fluctuating revenues with a recent uptrend, from HKD 732 million in 2023 to HKD 933 million in 2024. However, net profit margins have been negative, with a significant net loss in 2024, indicating profitability challenges. EBIT and EBITDA margins have also been volatile, reflecting unstable operating performance.

Balance Sheet

The balance sheet shows a strong equity base, with a debt-to-equity ratio of 0.32 for 2024, indicating low leverage. However, stockholders' equity has decreased from HKD 12.6 billion in 2022 to HKD 10.5 billion in 2024, suggesting a decline in shareholder wealth. The equity ratio remains robust, reflecting a stable financial position relative to total assets.

Cash Flow

Cash flow operations are concerning, as operating cash flow was zero in 2024, and free cash flow was negative in 2023. The operating cash flow to net income ratio cannot be assessed due to zero operating cash flow in 2024, highlighting potential liquidity issues.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
933.03M	732.31M	715.24M	835.16M	771.62M
	Gross Profit
495.60M	-142.49M	389.73M	472.90M	446.94M
	EBIT
113.78M	-464.84M	252.46M	697.14M	295.09M
	EBITDA
215.79M	-360.19M	354.80M	772.55M	370.95M
	Net Income Common Stockholders
-837.06M	-814.94M	86.15M	427.30M	162.56M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
2.24B	1.22B	1.65B	2.03B	1.96B
	Total Assets
14.89B	15.00B	15.83B	16.18B	14.94B
	Total Debt
3.37B	2.41B	2.21B	1.87B	1.48B
	Net Debt
1.33B	1.25B	614.04M	-10.48M	-396.73M
	Total Liabilities
4.35B	3.39B	3.17B	2.95B	2.27B
	Stockholders Equity
10.51B	11.57B	12.60B	13.15B	12.58B
Cash Flow		Free Cash Flow
291.14M	126.83M	-270.17M	151.88M	275.36M
	Operating Cash Flow
307.84M	169.12M	-227.75M	169.61M	285.08M
	Investing Cash Flow
-79.35M	-532.43M	-128.29M	83.34M	-183.95M
	Financing Cash Flow
656.26M	-62.14M	125.36M	-268.52M	-302.83M

Liu Chong Hing Investment Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 4.19
• 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:0194, the sentiment is Positive. The current price of 4.19 is above the 20-day moving average (MA) of 4.16, above the 50-day MA of 4.01, and above the 200-day MA of 3.90, indicating a bullish trend. The MACD of 0.05 indicates Positive momentum. The RSI at 60.38 is Neutral, neither overbought nor oversold. The STOCH value of 13.33 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0194.

Liu Chong Hing Investment Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	64 Neutral	$12.73B	9.92	7.90%	78.88%	12.06%	-7.95%
1321	63 Neutral	€1.23B	2.21	9.93%	―	207.10%	―
0194	54 Neutral	HK$1.57B	―	-7.58%	64.31%	26.14%	-2.71%
0563	52 Neutral	HK$1.41B	2.80	-2.45%	9.83%	56.41%	-167.15%
0230	43 Neutral	€1.32B	―	-102.67%	―	-21.75%	-246.70%
1668	38 Underperform	€1.33B	―		12.50%	―	―
1238	36 Underperform	HK$1.22B	―	-16.13%	―	10.08%	-118.45%

Liu Chong Hing Investment Limited Corporate Events

Liu Chong Hing Investment Limited AGM Approves Key Resolutions

Liu Chong Hing Investment Limited held its Annual General Meeting on May 22, 2025, where all proposed resolutions were approved by shareholders. Key resolutions included the adoption of financial statements, approval of a final cash dividend, re-election of directors, and re-appointment of auditors, reflecting strong shareholder support and stability in the company’s governance.

Liu Chong Hing Investment Limited Announces 2025 AGM and Key Resolutions

Liu Chong Hing Investment Limited has announced its annual general meeting scheduled for May 22, 2025, where shareholders will address key matters including the adoption of financial statements for 2024, approval of a final cash dividend, re-election of directors, and fixing of directors’ remuneration. Additionally, the company seeks approval for a share buy-back program, allowing the repurchase of up to 10% of its issued shares, which could impact its market positioning and shareholder value.