Asiasec Properties Limited (0271) AI Stock Analysis

• Market Cap: HK$245.65M
• Dividend Yield: N/A
• Average Volume (3M): 47.83K
• Price to Earnings (P/E): 0.8
• Beta (1Y): 0.49
• 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: Hold
• Number of Analyst Covering: 0

• Rating: 48 Neutral
• Price Target: HK$0.00 ▼(-100.00% Downside)

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.

Asiasec Properties Limited Business Overview & Revenue Model

Company Description

Asiasec Properties Limited (0271) is a Hong Kong-based company primarily engaged in property investment and trading. The company focuses on the acquisition, development, and management of commercial and residential properties. Asiasec Properties Limited operates within the real estate sector, offering services that include property leasing, sales, and management. Through strategic investments and property management expertise, the company aims to optimize the value and returns of its property portfolio.

How the Company Makes Money

Asiasec Properties Limited generates revenue primarily through property investment and trading activities. The company earns income by leasing commercial and residential properties, which provides a steady stream of rental income. Additionally, Asiasec Properties Limited engages in property sales, capitalizing on market opportunities to buy and sell properties at a profit. The company's revenue model is also supported by property management services, where it charges management fees for overseeing and maintaining properties on behalf of clients. Strategic partnerships and market conditions, such as property demand and economic trends, significantly influence the company's earnings and profitability.

Asiasec Properties Limited Financial Statement Overview

Summary

Asiasec Properties Limited is facing financial challenges, with consistent net losses and negative operating margins. While the company has a strong equity base, increasing leverage and negative returns on equity pose risks. Cash flow issues further exacerbate financial concerns, indicating the need for strategic improvements to enhance profitability and liquidity.

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	41.12M
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: Positive
• Last Price: 0.20
• 50DMA: Positive
• 100DMA: Positive
• 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 Positive. The current price of 0.2 is below the 20-day moving average (MA) of 0.20, above the 50-day MA of 0.18, and above the 200-day MA of 0.16, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 65.73 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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%
1663	57 Neutral	HK$172.48M	8.43	1.09%	―	-41.41%	-64.22%
2168	52 Neutral	HK$263.53M	13.81	1.92%	―	-8.64%	―
1971	49 Neutral	HK$105.82M	49.04	0.22%	―	8.56%	―
0271	48 Neutral	HK$245.65M	0.82	-6.95%	―	-12.04%	-151.81%
0183	45 Neutral	HK$98.08M	―	-4.91%	―	30.19%	72.49%
0287	43 Neutral	HK$168.00M	―	-7.17%	3.41%	6.63%	-50.19%

Asiasec Properties Limited Corporate Events

Asiasec Properties Limited Reports Increased Losses in H1 2025

Asiasec Properties Limited reported its unaudited interim results for the six months ended June 30, 2025, showing a decrease in revenue to HK$23,370,000 compared to the same period in 2024. The company experienced a significant loss before taxation of HK$64,605,000, primarily due to a substantial loss from changes in the fair value of investment properties. The total comprehensive expense for the period was HK$65,993,000, indicating a challenging financial performance for the company.

Asiasec Properties Limited Enhances Board Diversity and Governance

Asiasec Properties Limited has outlined the terms of reference for its Nomination Committee, emphasizing the importance of diversity and independent judgment within its Board. The committee is tasked with reviewing the Board’s structure, identifying qualified individuals for directorships, and ensuring a balanced composition of executive and non-executive directors. This initiative aims to enhance the company’s corporate strategy and ensure effective governance through a transparent nomination process.

Asiasec Properties Issues Profit Warning Amid Increased Losses

Asiasec Properties Limited has issued a profit warning, indicating a projected net loss between HK$60 million and HK$65 million for the first half of 2025, a significant increase from the HK$17 million loss in the same period of 2024. This decline is primarily due to a higher net decrease in the fair value of its investment properties. The interim results are yet to be finalized and may be subject to adjustments, urging shareholders and potential investors to exercise caution.

Asiasec Properties Schedules Board Meeting for Interim Results and Dividend Consideration

Asiasec Properties Limited has announced a board meeting scheduled for August 21, 2025, to approve the interim results for the first half of the year and consider the payment of an interim dividend. This meeting is significant as it will provide insights into the company’s financial performance and potential returns to shareholders, impacting its market positioning and stakeholder interests.