Asiasec Properties Limited (0271) AI Stock Analysis

• Market Cap: HK$217.12M
• Dividend Yield: N/A
• Average Volume (3M): 47.83K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.48
• Revenue Growth: -12.04%
• EPS Growth: -151.81%
• Country: HK
• Employees: 30
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Services
• EPS (TTM): -0.05
• Shares Outstanding: 1,240,669,000
• 10 Day Avg. Volume: 22,362
• 30 Day Avg. Volume: 47,825
• PEG Ratio: 0.02
• Price to Book (P/B): 0.11
• Price to Sales (P/S): 4.17
• P/FCF Ratio: 13.60
• 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: 48 Neutral
• Price Target: HK$0.20 ▲(11.67% Upside)

The overall stock score is primarily impacted by the company's poor financial performance, characterized by consistent net losses and negative margins. While technical analysis shows some positive trends, the valuation remains unattractive due to a negative P/E ratio and lack of dividend yield.

Positive Factors

Strong Asset Backing

A strong equity base provides a solid foundation for the company, offering financial stability and potential leverage for future investments.

Cash Generation Ability

Despite current challenges, the ability to generate cash from operations indicates potential for recovery and financial resilience.

High Gross Profit Margin

A high gross profit margin suggests effective cost management and the potential to maintain profitability if revenue trends improve.

Negative Factors

Consistent Net Losses

Ongoing net losses indicate operational inefficiencies and pose a risk to long-term sustainability unless addressed.

Negative Operating Margins

Sustained negative margins reflect difficulties in covering operating costs, which could hinder future growth and profitability.

Rising Financial Leverage

Increased leverage can strain financial resources and limit strategic flexibility, impacting long-term financial health.

Asiasec Properties Limited Business Overview & Revenue Model

Company Description

Asiasec Properties Limited, an investment holding company, engages in the property investment, property leasing, and estate management businesses primarily in Hong Kong. Its investment properties include commercial and residential properties, as well as carparks. The company also provides financing services. The company was formerly known as Dan Form Holdings Company Limited and changed its name to Asiasec Properties Limited in June 2017. The company was incorporated in 1973 and is based in Wan Chai, Hong Kong. Asiasec Properties Limited is a subsidiary of Autobest Holdings Limited.

How the Company Makes Money

Asiasec Properties Limited generates revenue primarily through the sale and leasing of developed properties. Its core revenue streams include residential sales, commercial leases, and property management fees. The company also profits from investment activities in real estate projects, often partnering with other developers and financial institutions to fund and co-develop large-scale projects. Significant partnerships with local governments and financial organizations enhance its access to capital and development opportunities, contributing to its overall earnings.

Asiasec Properties Limited Financial Statement Overview

Summary

Asiasec Properties Limited is experiencing financial difficulties, with consistent net losses and negative operating margins. Despite a strong equity base, increasing leverage and negative returns on equity are concerning. Cash flow issues further highlight the need for strategic improvements.

Income Statement

The company's revenue has shown mixed trends, with a decline over the past few years. The gross profit margin remains high at 100% in the latest year, but this is due to the zero cost of goods sold, which is uncommon. The net profit margin has been significantly negative, with recent substantial net losses indicating poor profitability. EBIT and EBITDA margins have also been negative, highlighting operational challenges.

Balance Sheet

The balance sheet shows a high stockholders' equity, indicating strong asset backing. However, the debt-to-equity ratio has increased, reflecting rising financial leverage. The equity ratio remains robust, suggesting that the company is primarily equity-financed. Return on equity is negative, aligning with net losses, which raises concerns about shareholder value creation.

Cash Flow

The company has struggled with consistent free cash flow generation, with recent zero free cash flow indicating potential liquidity issues. The operating cash flow to net income ratio is not available due to negative net income, but past positive operating cash flows suggest some underlying cash generation ability.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	35.88M	47.29M	60.24M	50.57M	55.96M	-17.78M
Gross Profit	35.88M	47.29M	53.01M	43.41M	48.84M	70.56M
EBITDA	-50.64M	-41.70M	26.66M	-8.30M	-55.44M	28.68M
Net Income	-89.35M	-74.75M	265.00M	-43.70M	-1.56B	-56.65M
Balance Sheet
Total Assets	2.37B	2.43B	2.60B	1.74B	1.79B	4.54B
Cash, Cash Equivalents and Short-Term Investments	98.73M	121.33M	204.40M	182.81M	162.67M	248.04M
Total Debt	350.00M	515.00M	600.00M	0.00	0.00	0.00
Total Liabilities	696.74M	689.02M	781.22M	187.01M	185.91M	198.58M
Stockholders Equity	1.68B	1.74B	1.82B	1.55B	1.61B	4.35B
Cash Flow
Free Cash Flow	-19.57M	14.50M	31.87M	30.24M	6.78M	84.72M
Operating Cash Flow	-19.57M	14.50M	31.87M	30.24M	7.29M	84.74M
Investing Cash Flow	5.90M	43.58M	-33.70M	2.44M	1.10B	-68.69M
Financing Cash Flow	-50.00M	-119.96M	-15.29M	0.00	-1.18B	-48.74M

Asiasec Properties Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.18
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0271, the sentiment is Negative. The current price of 0.18 is below the 20-day moving average (MA) of 0.19, below the 50-day MA of 0.20, and above the 200-day MA of 0.18, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 34.82 is Neutral, neither overbought nor oversold. The STOCH value of 21.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0271.

Asiasec Properties Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
1971	59 Neutral	HK$170.15M	78.85	0.22%	―	8.56%	―
0287	53 Neutral	HK$163.20M	-1.85	-8.59%	3.43%	-4.92%	-199.32%
1663	52 Neutral	HK$157.70M	-640.00	-0.02%	―	-68.21%	-100.40%
2168	51 Neutral	HK$189.56M	9.94	1.92%	―	-8.64%	―
0271	48 Neutral	HK$217.12M	-1.79	-6.95%	―	-12.04%	-151.81%
0183	45 Neutral	HK$98.64M	-1.48	-4.91%	―	30.19%	72.49%