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Raffles Interior Ltd.
(1376)
Raffles Interior Ltd. (1376) vs. iShares MSCI Hong Kong ETF (EWH)
Raffles Interior Ltd. Business Overview & Revenue Model
Raffles Interior Ltd. Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Jun 2022 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 62.83M | 47.12M | 91.18M | 66.49M | 79.58M | 64.22M |
| Gross Profit | 14.78M | 12.59M | 11.49M | 7.73M | 6.38M | -2.58M |
| EBITDA | 6.45M | 2.02M | 2.32M | -25.00K | -1.52M | -12.89M |
| Net Income | -1.06M | -4.15M | 1.40M | -1.36M | -1.12M | -15.95M |
Balance Sheet | ||||||
| Total Assets | 49.44M | 38.64M | 44.22M | 41.47M | 57.60M | 64.34M |
| Cash, Cash Equivalents and Short-Term Investments | 6.47M | 15.80M | 17.19M | 4.77M | 11.58M | 19.23M |
| Total Debt | 8.84M | 11.13M | 2.00M | 7.44M | 12.54M | 14.92M |
| Total Liabilities | 37.74M | 30.42M | 31.86M | 30.50M | 45.25M | 50.87M |
| Stockholders Equity | 11.71M | 8.22M | 12.36M | 10.97M | 12.35M | 13.47M |
Cash Flow | ||||||
| Free Cash Flow | -8.63M | 446.00K | 18.71M | -825.00K | -5.05M | -4.42M |
| Operating Cash Flow | -8.16M | 2.29M | 18.76M | -712.00K | -4.94M | -3.85M |
| Investing Cash Flow | -453.00K | -1.98M | -52.00K | -113.00K | 1.37M | -6.77M |
| Financing Cash Flow | -715.00K | -1.49M | -5.77M | -5.78M | -2.85M | 25.05M |
Raffles Interior Ltd. Technical Analysis
Raffles Interior Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
50 Neutral | HK$118.77M | -3.32 | -5.93% | ― | 50.50% | 27.48% | |
47 Neutral | HK$138.00M | 2.26 | 29.87% | ― | 1.93% | -158.33% | |
47 Neutral | HK$108.48M | -4.63 | -601.82% | ― | 4.00% | 13.57% | |
46 Neutral | HK$137.70M | -3.32 | -57.83% | ― | -3.47% | -57.53% | |
46 Neutral | HK$380.76M | -0.40 | ― | ― | -24.93% | -72.69% | |
41 Neutral | HK$24.76M | -2.54 | -19.25% | ― | 46.11% | 54.20% |
Raffles Interior Ltd. Corporate Events
Raffles Interior Limited has announced that independent non-executive director Gay Soon Watt will resign from the board with effect from 22 January 2026 to focus on personal pursuits, with the company publicly acknowledging his contributions during his tenure. His departure leaves immediate vacancies in key governance roles—chair of the remuneration committee and memberships of the audit and nomination committees—putting the company temporarily in breach of Hong Kong listing rules on the minimum number of independent non-executive directors and the composition of its audit and remuneration committees; the company is seeking suitable candidates and aims to restore full compliance within three months, signaling a short-term governance gap that will be closely watched by regulators and investors.
The most recent analyst rating on (HK:1376) stock is a Hold with a HK$0.16 price target. To see the full list of analyst forecasts on Raffles Interior Ltd. stock, see the HK:1376 Stock Forecast page.
Raffles Interior Limited has announced the current composition of its board of directors, noting that executive director Mr. Zheng Nenghuan’s duties are suspended and that the Board includes one additional executive director, one non-executive director and two independent non-executive directors. The company has also confirmed the membership of its three key board committees, with independent director Mr. Wong Heung Ming Henry serving as acting chairman of the Board and chair of the audit committee, while he and fellow independent director Mr. Chan Chi Keung, Alan, lead the remuneration committee and Mr. Chan chairs the nomination committee, underscoring a governance structure driven largely by independent oversight.
The most recent analyst rating on (HK:1376) stock is a Hold with a HK$0.16 price target. To see the full list of analyst forecasts on Raffles Interior Ltd. stock, see the HK:1376 Stock Forecast page.
Raffles Interior Limited has postponed its extraordinary general meeting (EGM), originally scheduled for 20 January 2026, to 20 March 2026 following a court order linked to an ex parte injunction obtained by shareholder Han Vision Holdings Limited. The board determined that rescheduling the EGM, rather than convening it only to have it adjourned at Han Vision’s request, would avoid unnecessary costs and confirmed that its Cayman legal advisers support the board’s power to change the meeting date. The company has also revised the book closure period for determining shareholder eligibility to attend and vote at the postponed EGM, and clarified that all existing resolutions and previously submitted proxy forms remain valid, signalling continuity of the planned meeting agenda despite the governance-related delays.
The most recent analyst rating on (HK:1376) stock is a Hold with a HK$0.19 price target. To see the full list of analyst forecasts on Raffles Interior Ltd. stock, see the HK:1376 Stock Forecast page.
Raffles Interior Limited has received an injunction order from the Grand Court of the Cayman Islands, obtained ex parte by its controlling shareholder Han Vision Holdings Limited, that temporarily restricts the company’s ability to convene board meetings on short notice, alter board agendas without notice to director Zheng Nenghuan, and issue or place new shares without Han Vision’s consent. The order specifically freezes any action related to a proposed placement of 200 million new shares, including engaging placement agents, contacting potential investors, registering new shareholders, or seeking listing approval for those shares, and is expected to result in the adjournment of the 20 January extraordinary general meeting to a date after 20 February 2026, signalling an escalation in the shareholder’s challenge to recent board decisions and creating near-term uncertainty for the company’s capital-raising plans and governance structure.
The most recent analyst rating on (HK:1376) stock is a Hold with a HK$0.19 price target. To see the full list of analyst forecasts on Raffles Interior Ltd. stock, see the HK:1376 Stock Forecast page.
Raffles Interior Limited has disclosed that it received an anonymous complaint letter sent to Hong Kong regulators and the company, alleging that executive director and controlling shareholder Zheng Nenghuan and related parties may have violated PRC foreign exchange control regulations and improperly transferred domestic PRC assets overseas in connection with a proposed HK$300 million acquisition. The complaint questions the recent intra-group transfer of Shenzhen Jinxu Technology Co., Ltd., which holds land-use rights in mainland China, to the acquisition target vehicle ultimately controlled by Zheng, and highlights an apparent absence of required foreign exchange registration under PRC Circular No. 37, warning that proceeding with the deal without rectifying this could expose the company to regulatory risk in China and potentially harm minority shareholders’ interests.
The most recent analyst rating on (HK:1376) stock is a Hold with a HK$0.19 price target. To see the full list of analyst forecasts on Raffles Interior Ltd. stock, see the HK:1376 Stock Forecast page.
Raffles Interior Limited has requested a halt in trading of its shares on the Hong Kong Stock Exchange from 1:00 p.m. on 12 January 2026 after receiving an injunctive order from the Grand Court of the Cayman Islands. As part of the order, the company’s controlling shareholder has undertaken to vote in favour of adjourning an extraordinary general meeting scheduled for 20 January 2026, an arrangement deemed inside information and signalling potential governance or corporate event uncertainty for shareholders and other stakeholders.
The most recent analyst rating on (HK:1376) stock is a Hold with a HK$0.12 price target. To see the full list of analyst forecasts on Raffles Interior Ltd. stock, see the HK:1376 Stock Forecast page.
Raffles Interior Limited has appointed veteran corporate lawyer Mr. Chan Chi Keung, Alan as an independent non-executive director, effective 9 January 2026, as part of its board governance structure. Chan, a qualified solicitor in England, Wales and Hong Kong with nearly three decades of corporate and commercial law experience and prior board and senior legal roles at several Hong Kong–listed companies, will serve under a one-year renewable term with annual remuneration of HK$240,000, subject to shareholder re-election and rotation requirements; the company has emphasized his compliance with independence criteria, underscoring efforts to strengthen oversight and align with Hong Kong listing governance standards.
The most recent analyst rating on (HK:1376) stock is a Hold with a HK$0.12 price target. To see the full list of analyst forecasts on Raffles Interior Ltd. stock, see the HK:1376 Stock Forecast page.
Raffles Interior Limited has announced the current composition of its board of directors, comprising two executive directors (with duties of Mr. Zheng Nenghuan suspended), one non-executive director, and three independent non-executive directors, with Mr. Wong Heung Ming Henry serving as Acting Chairman of the Board and Lead Independent Non-executive Director. The company has also detailed the membership of its three key board committees—Audit, Remuneration and Nomination—now all chaired by independent non-executive directors, underscoring an enhanced governance framework and a stronger role for independent oversight in the company’s decision-making structure.
The most recent analyst rating on (HK:1376) stock is a Hold with a HK$0.12 price target. To see the full list of analyst forecasts on Raffles Interior Ltd. stock, see the HK:1376 Stock Forecast page.
Raffles Interior Limited has called an extraordinary general meeting to be held on 20 January 2026 in Singapore to vote on significant changes to its board composition. Shareholders will consider resolutions to remove four current directors, including executive, non-executive, and independent non-executive directors, as well as any directors appointed between the notice date and the meeting date who are not being proposed for appointment at the meeting. In their place, the company is proposing to appoint two new executive directors and three new independent non-executive directors, and to authorize the board to fix directors’ remuneration. The extensive reshuffle signals a major governance reconfiguration that could reshape the company’s strategic direction, with the outcome to be determined by shareholder votes conducted by poll in accordance with Hong Kong listing requirements.
The most recent analyst rating on (HK:1376) stock is a Hold with a HK$0.12 price target. To see the full list of analyst forecasts on Raffles Interior Ltd. stock, see the HK:1376 Stock Forecast page.
Raffles Interior Limited has called an extraordinary general meeting (EGM) for 20 January 2026 to consider a shareholder-driven overhaul of its board, including the potential removal of multiple existing executive, non-executive and independent non-executive directors and the appointment of a new slate of executive and independent non-executive directors. The company will close its register of members from 15 to 20 January 2026 to determine shareholders eligible to attend and vote, signaling a significant governance reshuffle that could alter the company’s leadership structure and strategic direction, with key board positions potentially changing hands if the resolutions are approved.
The most recent analyst rating on (HK:1376) stock is a Hold with a HK$0.08 price target. To see the full list of analyst forecasts on Raffles Interior Ltd. stock, see the HK:1376 Stock Forecast page.
Raffles Interior Limited has received a second requisition notice from shareholder Han Vision Holding Limited, again demanding that the board convene an extraordinary general meeting to vote on resolutions aimed at removing certain existing directors and appointing new ones. The board notes the second notice contains the same proposed resolutions as the earlier requisition and says it is proceeding to arrange a single extraordinary general meeting to address the shareholder’s demands. Separately, controlling shareholder and director Zheng Nenghuan has filed originating summons proceedings in the Cayman Islands seeking extensive disclosure of board papers, announcements, legal claims, financial records and contracts from 10 September 2024 onward, arguing that such information is necessary for him to fulfil his duties as a director and asking the court to order the company to cover his costs. The moves underscore a deepening governance dispute within the company and introduce legal uncertainty that could affect board dynamics, ongoing investigations by an independent board committee, and overall management stability for investors and other stakeholders.
The most recent analyst rating on (HK:1376) stock is a Hold with a HK$0.08 price target. To see the full list of analyst forecasts on Raffles Interior Ltd. stock, see the HK:1376 Stock Forecast page.
Raffles Interior Ltd. has announced updates regarding its Independent Board Committee’s investigation into conduct by a senior executive, Mr. Zheng Nenghuan, who is temporarily suspended from his duties. The investigation reveals potential unauthorized actions, governance concerns, and failure to declare interests, which may impact the company’s governance structure and stakeholder trust.
The most recent analyst rating on (HK:1376) stock is a Hold with a HK$0.12 price target. To see the full list of analyst forecasts on Raffles Interior Ltd. stock, see the HK:1376 Stock Forecast page.
Raffles Interior Limited has announced the establishment of an Independent Board Committee to investigate complaints and inquiries from its external auditors and the Hong Kong Stock Exchange. The committee, composed of independent non-executive directors, aims to address allegations of unauthorized actions by company officers and identify internal control and governance issues, ensuring minimal disruption to external audits.
The most recent analyst rating on (HK:1376) stock is a Hold with a HK$0.12 price target. To see the full list of analyst forecasts on Raffles Interior Ltd. stock, see the HK:1376 Stock Forecast page.
Raffles Interior Ltd. has received a requisition from its major shareholder, Han Vision Holding Limited, to convene an extraordinary general meeting to consider the removal of certain existing directors and the appointment of new directors. This move, driven by a shareholder holding 51% of the company’s shares, signifies a significant shift in the company’s governance structure, potentially impacting its strategic direction and operations.
The most recent analyst rating on (HK:1376) stock is a Hold with a HK$0.12 price target. To see the full list of analyst forecasts on Raffles Interior Ltd. stock, see the HK:1376 Stock Forecast page.
Raffles Interior Limited has announced the resignation of Mr. Tan Chong Huat from his role as an independent non-executive director, chairman of the nomination committee, and member of both the audit and remuneration committees. This resignation has led to a temporary breach of Hong Kong Stock Exchange listing rules regarding committee composition, prompting the company to seek suitable replacements within three months to comply with the regulations.
The most recent analyst rating on (HK:1376) stock is a Hold with a HK$0.12 price target. To see the full list of analyst forecasts on Raffles Interior Ltd. stock, see the HK:1376 Stock Forecast page.
Raffles Interior Limited has announced the composition of its board of directors and the roles within its committees. The board includes executive directors, a non-executive director, and independent non-executive directors, with specific members assigned to the audit, remuneration, and nomination committees. This announcement clarifies the governance structure, potentially impacting the company’s strategic direction and stakeholder confidence.
The most recent analyst rating on (HK:1376) stock is a Hold with a HK$0.12 price target. To see the full list of analyst forecasts on Raffles Interior Ltd. stock, see the HK:1376 Stock Forecast page.
Raffles Interior Ltd. has announced the receipt of a complaint letter questioning the suitability of its Chairman, Mr. Zheng Nenghuan, to act as a director. The complaint, filed by an anonymous minority shareholder, highlights multiple ongoing litigations involving Mr. Zheng, including financial loan disputes and other legal issues, which could potentially impact the company’s reputation and governance. The Board is reviewing the allegations and has raised inquiries with Mr. Zheng regarding the non-disclosure of these litigations.
The most recent analyst rating on (HK:1376) stock is a Hold with a HK$0.12 price target. To see the full list of analyst forecasts on Raffles Interior Ltd. stock, see the HK:1376 Stock Forecast page.
Raffles Interior Limited has announced a trading halt on its shares on the Hong Kong Stock Exchange as of November 25, 2025. The halt is due to internal investigations involving the formation of an investigation board committee and the engagement of external forensic experts. Additionally, the company’s controlling shareholder and Chairman has requested the removal of all other directors, which the Board views as retaliatory. The Board is considering its next steps to protect shareholder interests and will provide further updates.
The most recent analyst rating on (HK:1376) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Raffles Interior Ltd. stock, see the HK:1376 Stock Forecast page.
Raffles Interior Limited, a company listed on the Stock Exchange of Hong Kong, has announced a trading halt in its shares as of November 25, 2025. This decision follows the company’s move to form an investigation board committee and engage an external forensic expert to conduct an internal investigation, which involves inside information. This development could have significant implications for the company’s operations and stakeholders.
The most recent analyst rating on (HK:1376) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Raffles Interior Ltd. stock, see the HK:1376 Stock Forecast page.
Raffles Interior Limited has received a letter from its external auditors highlighting serious allegations against its Chairman, Mr. Zheng Nenghuan, regarding an unauthorized acquisition. These allegations pose significant risks to the company’s financial reporting and governance, necessitating immediate action from the Board and Audit Committee. The company is considering internal and external investigations to address these concerns and ensure compliance with financial reporting requirements.
The most recent analyst rating on (HK:1376) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Raffles Interior Ltd. stock, see the HK:1376 Stock Forecast page.
Raffles Interior Ltd. has received a complaint letter alleging a conspiracy to defraud the company and its minority shareholders, involving a land acquisition deal. The complaint suggests that the land’s value is significantly lower than the agreed contract price, raising concerns about potential financial misconduct by the company’s chairman. The board has decided not to proceed with the acquisition and is taking steps to ensure the agreement’s termination, advising shareholders to exercise caution.
The most recent analyst rating on (HK:1376) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Raffles Interior Ltd. stock, see the HK:1376 Stock Forecast page.
Raffles Interior Limited has announced the resignation of Mr. Tan Chong Huat, an independent non-executive director, and Ms. Cheong Kuei Jung, the chief financial officer. Mr. Tan’s resignation is effective from December 10, 2025, due to personal reasons, while Ms. Cheong will leave her position on February 4, 2026, citing the new leadership’s draconian approach as her reason for departure. The company is actively seeking replacements for these roles and will update stakeholders accordingly.
The most recent analyst rating on (HK:1376) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Raffles Interior Ltd. stock, see the HK:1376 Stock Forecast page.
Raffles Interior Limited has announced the receipt of a demand letter from an international law firm on behalf of a claimant concerning a deed of advisory service with the company’s chairman, Mr. Zheng Nenghuan. The letter outlines a potential transfer of Mr. Zheng’s controlling stake in the company if he fails to fulfill a payment obligation of HK$10 million. The board is investigating the matter and seeking legal advice, as the situation could impact the company’s operations and shareholder interests.
The most recent analyst rating on (HK:1376) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Raffles Interior Ltd. stock, see the HK:1376 Stock Forecast page.
Raffles Interior Limited announced a clarification regarding a trading suspension that occurred without prior announcement due to a significant acquisition attempt by its new Chairman, Mr. Zheng Nenghuan. The acquisition involved purchasing a Hong Kong company with substantial assets in Shenzhen, but faced internal board disagreements over its feasibility and legality. The board ultimately decided not to proceed with the acquisition and has applied for the resumption of trading.
The most recent analyst rating on (HK:1376) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Raffles Interior Ltd. stock, see the HK:1376 Stock Forecast page.