International Entertainment Corporation (1009) AI Stock Analysis

• Market Cap: HK$1.49B
• Dividend Yield: N/A
• Average Volume (3M): 181.75K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.69
• Revenue Growth: 146.39%
• EPS Growth: -113.80%
• Country: HK
• Employees: 1,215
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Services
• EPS (TTM): -0.14
• Shares Outstanding: 1,369,157,200
• 10 Day Avg. Volume: 111,400
• 30 Day Avg. Volume: 181,750
• PEG Ratio: -0.05
• Price to Book (P/B): 2.11
• Price to Sales (P/S): 4.17
• P/FCF Ratio: 0.00
• 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: 46 Neutral
• Price Target: HK$1.00 ▼(-15.97% Downside)

The overall score is primarily affected by the company's weak financial performance, characterized by significant losses and negative cash flows. Technical indicators offer some stabilization signs, but the negative valuation metrics highlight ongoing profitability issues. Improvement in operational efficiency and revenue growth is critical for a positive outlook.

Positive Factors

Revenue Growth

Despite past inconsistencies, the company's ability to achieve a 79.69% revenue growth rate indicates potential for future expansion and market capture.

Corporate Governance

The formation of a Nomination Committee reflects a commitment to improved governance, potentially leading to better strategic decisions and investor confidence.

Business Expansion

Engaging in major construction projects indicates strategic expansion efforts, which could enhance revenue streams and strengthen market position in the hospitality sector.

Negative Factors

Negative Cash Flow

Persistent negative cash flow highlights cash constraints, limiting the company's ability to invest in growth opportunities and meet financial obligations without external financing.

High Operating Expenses

High operating expenses reduce profitability and can strain financial resources, impacting long-term sustainability and operational efficiency.

Negative Return on Equity

Negative return on equity indicates inefficiency in generating returns for shareholders, potentially deterring investment and affecting long-term growth prospects.

International Entertainment Corporation Business Overview & Revenue Model

Company Description

International Entertainment Corporation, an investment holding company, engages in the leasing of properties equipped with entertainment equipment in the Philippines, the United Kingdom, and internationally. The company operates through Hotel, Leasing, and Live Events segments. It also operates hotels in Metro Manila that includes restaurants, business centers, swimming pool, and fitness centers, and live poker events. The company was formerly known as Cyber On-Air Group Company Limited and changed its name to International Entertainment Corporation in December 2004. The company was founded in 1998 and is headquartered in Central, Hong Kong. International Entertainment Corporation is a subsidiary of Brighten Path Limited.

How the Company Makes Money

International Entertainment Corporation generates revenue through the operation of its casino and hotel facilities, primarily by offering gaming services, accommodations, food and beverage services, and entertainment activities. The company earns money through customer spending on gaming activities, room bookings, dining, and events hosted at its properties. Additionally, partnerships with local and international tour operators and marketing efforts help drive customer traffic to their venues, enhancing revenue streams. Factors such as location, customer service quality, and the range of entertainment options available significantly contribute to its earnings.

International Entertainment Corporation Financial Statement Overview

Summary

The company faces significant financial challenges, with persistent losses and negative cash flows. Despite a strong gross profit margin, high operating expenses and a reliance on financing activities undermine financial stability. The balance sheet shows moderate leverage but is affected by increasing liabilities and negative return on equity.

Income Statement

The income statement reflects a challenging financial position for the company. The TTM (Trailing-Twelve-Months) data shows a negative net income of -190.86 million and an EBITDA of -45.58 million, indicating operating losses. The gross profit margin is relatively high at approximately 82.11%, but this is overshadowed by negative net and EBIT margins due to significant operating expenses. Revenue growth has been inconsistent, with a substantial decline since 2020.

Balance Sheet

The balance sheet shows a moderate level of financial stability. The debt-to-equity ratio is approximately 0.63 in the TTM, indicating a manageable level of leverage. However, the company's equity ratio of about 35.29% and return on equity is negative due to the net loss, suggesting inefficiency in generating returns on shareholder equity. While total assets have grown, the increase in liabilities is a concern.

Cash Flow

The cash flow statement highlights significant challenges in cash generation. The TTM period shows a negative operating cash flow of -122.90 million and a free cash flow of -141.09 million, indicating cash constraints. The free cash flow to net income ratio is negative due to persistent losses. There is a heavy reliance on financing activities to sustain operations.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	566.36M	391.11M	229.79M	207.22M	85.53M	64.90M
Gross Profit	386.15M	391.11M	132.43M	136.63M	79.08M	4.52M
EBITDA	-88.09M	-85.82M	-40.70M	89.21M	-177.52M	-188.81M
Net Income	-282.14M	-282.14M	-131.96M	18.28M	-256.39M	-242.04M
Balance Sheet
Total Assets	2.54B	2.54B	2.32B	1.90B	1.87B	2.30B
Cash, Cash Equivalents and Short-Term Investments	580.82M	580.82M	513.81M	497.75M	520.32M	617.51M
Total Debt	1.40B	1.40B	1.11B	503.26M	513.57M	524.63M
Total Liabilities	1.76B	1.76B	1.31B	691.27M	678.88M	709.54M
Stockholders Equity	773.10M	773.10M	1.02B	1.21B	1.20B	1.59B
Cash Flow
Free Cash Flow	-46.52M	0.00	-114.22M	5.42M	-4.62M	-25.18M
Operating Cash Flow	-46.52M	0.00	-30.55M	6.66M	-763.00K	-9.81M
Investing Cash Flow	1.17M	0.00	-570.61M	7.22M	3.85M	-15.51M
Financing Cash Flow	489.06M	0.00	562.80M	-37.84M	-30.47M	-34.16M

International Entertainment Corporation Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.19
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1009, the sentiment is Negative. The current price of 1.19 is above the 20-day moving average (MA) of 1.14, above the 50-day MA of 1.18, and below the 200-day MA of 1.21, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 24.92 is Positive, neither overbought nor oversold. The STOCH value of 56.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1009.

International Entertainment Corporation 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%
0105	49 Neutral	HK$1.88B	-8.60	-3.07%	10.10%	-2.39%	61.81%
0237	49 Neutral	HK$826.20M	-2.92	-7.65%	3.94%	-7.47%	-300.57%
1009	46 Neutral	HK$1.49B	-5.29	-31.53%	―	146.39%	-113.80%
0163	46 Neutral	HK$1.14B	-0.32	-21.92%	2.93%	76.62%	2.27%
0727	45 Neutral	HK$890.29M	-38.67	-7.00%	―	-49.07%	94.90%
0037	41 Neutral	HK$398.84M	-19.49	-4.23%	―	-32.80%	57.37%

International Entertainment Corporation Corporate Events

International Entertainment Delays Key Circular on Convertible Notes and Whitewash Waiver

International Entertainment Corporation has announced a further delay in sending to shareholders a circular relating to its proposed issue of convertible notes under a specific mandate, an application for a whitewash waiver, and a special deal involving the early repayment of promissory notes. The company said it needs additional time to finalise key elements of the document, including group financial information such as its statement of indebtedness, a valuation report on its properties and an independent financial adviser’s opinion, and has applied for and expects to receive regulatory consent to push the latest despatch date back to 9 February 2026, advising investors to exercise caution when dealing in its shares during this extended offer period.

The most recent analyst rating on (HK:1009) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on International Entertainment Corporation stock, see the HK:1009 Stock Forecast page.

International Entertainment Corporation Delays Circular Dispatch

International Entertainment Corporation has announced a delay in the dispatch of a circular related to the issuance of convertible notes, a whitewash waiver application, and a special deal for early repayment of promissory notes. The delay is due to the need for additional time to finalize the circular’s contents, including financial information and valuation reports. The company has applied for an extension to the dispatch date, which has been tentatively approved, moving it from December 8, 2025, to January 9, 2026.

The most recent analyst rating on (HK:1009) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on International Entertainment Corporation stock, see the HK:1009 Stock Forecast page.

International Entertainment Corporation’s AGM Resolutions Approved

International Entertainment Corporation announced that all resolutions proposed at their Annual General Meeting held on December 1, 2025, were approved by shareholders. The resolutions included re-election of directors, authorization of the Board to fix directors’ remuneration, re-appointment of BDO Limited as auditor, and granting mandates to issue and repurchase shares. This successful approval of resolutions reflects strong shareholder support and positions the company for continued operational stability and strategic flexibility.

The most recent analyst rating on (HK:1009) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on International Entertainment Corporation stock, see the HK:1009 Stock Forecast page.

International Entertainment Corporation Announces Convertible Notes Issuance

International Entertainment Corporation has announced a significant financial maneuver involving the issuance of convertible notes worth up to HK$1.6 billion under a specific mandate. This move is part of a strategic effort to enhance its capital structure and potentially alter its shareholder composition, as the conversion of these notes could result in the Subscriber gaining a majority stake in the company. The company has also applied for a Whitewash Waiver to avoid a mandatory general offer, highlighting the potential for significant changes in its ownership dynamics.

The most recent analyst rating on (HK:1009) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on International Entertainment Corporation stock, see the HK:1009 Stock Forecast page.

International Entertainment Corporation Announces AGM and Key Resolutions

International Entertainment Corporation has announced its upcoming Annual General Meeting (AGM) scheduled for December 1, 2025, in Hong Kong. Key resolutions to be discussed include the re-election of directors, re-appointment of auditors, and authorization for the board to manage share allotments and related financial instruments. These decisions are crucial for the company’s governance and operational strategies, potentially impacting its market positioning and stakeholder interests.

The most recent analyst rating on (HK:1009) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on International Entertainment Corporation stock, see the HK:1009 Stock Forecast page.