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International Entertainment Corporation
(1009)
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Rating:49Neutral
Price Target:
HK$1.50
▲(26.05% Upside)
Action:Reiterated
Date:06/27/26
Overall score is held down primarily by weak financial performance (widening losses, rising leverage, and ongoing cash burn). Technicals are a meaningful offset with a strong uptrend versus key moving averages and positive momentum indicators. Valuation remains challenged due to negative earnings and no provided dividend yield.
Positive Factors
Sizable asset base
A tangible asset base (~HK$2.54B) provides durable strategic optionality: collateral for secured financing, scope for asset sales, or restructuring to shore liquidity. This balance-sheet resource improves the company's ability to navigate extended operating weakness without immediate insolvency.
Negative Factors
Widening net losses
Large, persistent net losses materially erode equity and restrict reinvestment. Sustained negative profitability undermines internal funding for operations and growth, increases reliance on external financing, and raises the risk that structural fixes will be required to restore viability.
Read all positive and negative factors
Positive Factors
Negative Factors
Sizable asset base
A tangible asset base (~HK$2.54B) provides durable strategic optionality: collateral for secured financing, scope for asset sales, or restructuring to shore liquidity. This balance-sheet resource improves the company's ability to navigate extended operating weakness without immediate insolvency.
Read all positive factors
International Entertainment Corporation (1009) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$2.07B
Dividend YieldN/A
Average Volume (3M)181.75K
Price to Earnings (P/E)―
Beta (1Y)0.62
Revenue Growth93.09%
EPS Growth-42.97%
CountryHK
Employees1,215
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)-0.17
Shares Outstanding1,369,157,200
10 Day Avg. Volume111,400
30 Day Avg. Volume181,750
Financial Highlights & Ratios
PEG Ratio-0.05
Price to Book (P/B)2.11
Price to Sales (P/S)4.17
P/FCF Ratio-5.27
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
International Entertainment Corporation Business Overview & Revenue Model
Company Description
International Entertainment Corporation (IEC) operates as an investment holding entity, primarily engaged in the leasing of properties furnished with entertainment facilities across the Philippines, the United Kingdom, and various international ma...
How the Company Makes Money
null...
International Entertainment Corporation Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
34
Negative
Cash Flow
16
Very Negative
| Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 665.29M | 391.11M | 229.79M | 207.22M | 85.53M | 64.90M |
| Gross Profit | 445.78M | 391.11M | 132.43M | 136.63M | 79.08M | 4.52M |
| EBITDA | -50.12M | -85.82M | -40.70M | 89.21M | -177.52M | -188.81M |
| Net Income | -272.93M | -282.14M | -131.96M | 18.28M | -256.39M | -242.04M |
Balance Sheet | ||||||
| Total Assets | 2.40B | 2.54B | 2.32B | 1.90B | 1.87B | 2.30B |
| Cash, Cash Equivalents and Short-Term Investments | 385.38M | 580.82M | 513.81M | 497.75M | 520.32M | 617.51M |
| Total Debt | 1.50B | 1.40B | 1.11B | 503.26M | 513.57M | 524.63M |
| Total Liabilities | 1.74B | 1.76B | 1.31B | 691.27M | 678.88M | 709.54M |
| Stockholders Equity | 657.25M | 773.10M | 1.02B | 1.21B | 1.20B | 1.59B |
Cash Flow | ||||||
| Free Cash Flow | -331.33M | -309.01M | -114.22M | 5.42M | -4.62M | -25.18M |
| Operating Cash Flow | -12.35M | -32.26M | -30.55M | 6.66M | -763.00K | -9.81M |
| Investing Cash Flow | -335.74M | -218.76M | -570.61M | 7.22M | 3.85M | -15.51M |
| Financing Cash Flow | -11.14M | 331.42M | 562.80M | -37.84M | -30.47M | -34.16M |
International Entertainment Corporation Technical Analysis
Positive
1.19
Price Trends
1.30
Positive
1.18
Positive
1.19
Positive
Market Momentum
0.06
Negative
62.11
Neutral
93.28
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1009, the sentiment is Positive. The current price of 1.19 is below the 20-day moving average (MA) of 1.42, below the 50-day MA of 1.30, and below the 200-day MA of 1.19, indicating a bullish trend. The MACD of 0.06 indicates Negative momentum. The RSI at 62.11 is Neutral, neither overbought nor oversold. The STOCH value of 93.28 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1009.
International Entertainment Corporation Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | HK$6.91B | 10.10 | 3.35% | 5.29% | -9.69% | -9.25% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
49 Neutral | HK$2.07B | -6.63 | -40.42% | ― | 93.09% | -42.97% | |
49 Neutral | HK$1.88B | -3.95 | -3.10% | 10.10% | -4.29% | 15.38% | |
46 Neutral | HK$827.45M | -0.33 | -22.52% | 2.93% | 39.38% | 17.91% | |
46 Neutral | HK$6.88B | -61.47 | -7.01% | ― | 2.63% | 88.12% | |
45 Neutral | HK$376.26M | -56.25 | -6.91% | ― | -11.66% | 81.28% |
* Real Estate Sector Average
HK:1009
International Entertainment Corporation
1.51
0.22
17.05%
HK:0071
Miramar Hotel & Investment Co
10.00
0.95
10.50%
HK:0105
Associated International Hotels Limited
5.22
0.34
6.97%
HK:0163
Emperor International Holdings Limited
0.15
-0.04
-18.92%
HK:0108
GR Properties Limited
2.07
1.36
191.55%
HK:0037
Far East Hotels & Entertainment Ltd.
0.50
0.02
4.17%
International Entertainment Corporation Corporate Events
International Entertainment Moves Into Regulated Online Gaming With TGXI Deal
Jun 9, 2026
International Entertainment Corporation has entered into a cooperation agreement between its unit NCLI and TGXI to launch and operate approved online games and related content connected to the LaVie Resort Casino Manila’s online platform. T...
International Entertainment Completes Second HK$0.8 Billion Convertible Notes Issue, Reshaping Ownership
Jun 2, 2026
International Entertainment Corporation has completed the second tranche of its convertible notes issuance under a specific mandate, placing HK$0.8 billion in Second Subscription Notes with a single subscriber on 2 June 2026. The move follows the ...
International Entertainment Expands Casino Hotel Upgrade with New PHP567 Million Works
May 28, 2026
International Entertainment Corporation’s subsidiary NCLI has signed a new construction contract worth about PHP566.95 million with an existing contractor to undertake additional works at its casino hotel. The scope covers design, constructi...
International Entertainment Changes Financial Year End to Align With Philippine Subsidiaries
May 13, 2026
International Entertainment Corporation has resolved to change its financial year end from 30 June to 31 December to align with the year-end of its Philippine subsidiaries. The board expects this alignment to streamline consolidation, enhance effi...
International Entertainment Plans Online Gaming Expansion in Philippines
Apr 17, 2026
International Entertainment Corporation is preparing to expand from its existing casino operations in the Philippines into online electronic gaming, after its subsidiary NCLI obtained an e-Casino Games Operator license in February 2025. The group ...
International Entertainment Clears Promissory Notes and Bank Debt Using Note Proceeds
Apr 8, 2026
International Entertainment Corporation has completed a significant balance sheet cleanup by fully repaying and redeeming all outstanding promissory notes and settling its secured bank borrowing. The repayments were funded from the net proceeds of...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.