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Raffles Interior Ltd. (HK:1376)
:1376
Hong Kong Market
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Raffles Interior Ltd. (1376) AI Stock Analysis

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HK:1376

Raffles Interior Ltd.

(1376)

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Neutral 46 (OpenAI - 4o)
Rating:46Neutral
Price Target:
HK$0.00
▼(-100.00% Downside)
Raffles Interior Ltd. is facing significant financial challenges, with declining revenues and high leverage posing risks to financial stability. The technical analysis indicates a bearish trend, and the negative P/E ratio highlights valuation concerns. The absence of earnings call insights and corporate events leaves these areas unaddressed.

Raffles Interior Ltd. (1376) vs. iShares MSCI Hong Kong ETF (EWH)

Raffles Interior Ltd. Business Overview & Revenue Model

Company DescriptionRaffles Interior Limited, an investment holding company, provides interior fitting-out services in Singapore. The company offers project and construction management services; and interior fitting-out services, including manufacture or installation of ceiling, carpentry, joinery, plastering, floor finishing, woodworks, steel and metal works, painting works, sanitary fittings and wares, MEP works, as well as structural works, such as staircases; and other associated works. It also manufactures, customizes, and supplies carpentry/joinery and integral fixtures, as well as upholstery works; and maintenance services for interior fitting-out projects. The company serves premises in the private commercial sector, such as commercial and light-industrial properties; construction contractors; and professional consultants. Raffles Interior Limited was founded in 1986 and is headquartered in Singapore. Raffles Interior Limited is a subsidiary of Ultimate Global Enterprises Limited.
How the Company Makes MoneyRaffles Interior Ltd. generates revenue through multiple streams, primarily from providing interior design and renovation services. The company earns income by offering bespoke design solutions to residential homeowners and commercial clients, including businesses and property developers. Revenue is also generated from consultation fees, project management services, and the sale of custom-designed furniture and fixtures. Significant partnerships with suppliers and contractors allow the company to enhance its service offerings and maintain competitive pricing, contributing to its overall earnings. By focusing on delivering high-quality and personalized services, Raffles Interior Ltd. secures repeat business and referrals, further bolstering its financial performance.

Raffles Interior Ltd. Financial Statement Overview

Summary
Raffles Interior Ltd. faces significant financial challenges, with declining revenues and profitability issues. The high leverage and low equity ratio present financial stability risks. While the company has managed to maintain a positive cash position, the inconsistency in cash flow generation indicates underlying operational challenges.
Income Statement
45
Neutral
Raffles Interior Ltd. has experienced significant revenue volatility over the years, with a notable decline in 2024. The gross profit margin improved in 2024 to 26.7% from 12.6% in 2023, indicating better cost management. However, the net profit margin turned negative in 2024 at -8.8%, reflecting challenges in achieving profitability. The EBIT and EBITDA margins also show weak performance, highlighting operational inefficiencies.
Balance Sheet
55
Neutral
The company's balance sheet shows a high debt-to-equity ratio of 1.35 in 2024, indicating significant leverage which could pose financial risks. The equity ratio is relatively low at 21.3%, suggesting limited equity buffer. However, the company has managed to maintain a positive cash position, with cash and equivalents exceeding total debt, which provides some financial stability.
Cash Flow
50
Neutral
Raffles Interior Ltd. has shown inconsistent cash flow performance. The free cash flow in 2024 is positive but significantly lower than in 2023, indicating reduced cash generation capability. The operating cash flow to net income ratio is positive, suggesting that cash flows are more stable than accounting profits. However, the free cash flow to net income ratio is weak, reflecting challenges in converting profits into cash.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue62.83M47.12M91.18M66.49M79.58M64.22M
Gross Profit14.78M12.59M11.49M7.73M6.38M-2.58M
EBITDA6.45M2.02M2.32M-25.00K-1.52M-12.89M
Net Income-1.06M-4.15M1.40M-1.36M-1.12M-15.95M
Balance Sheet
Total Assets49.44M38.64M44.22M41.47M57.60M64.34M
Cash, Cash Equivalents and Short-Term Investments6.47M15.80M17.19M4.77M11.58M19.23M
Total Debt8.84M11.13M2.00M7.44M12.54M14.92M
Total Liabilities37.74M30.42M31.86M30.50M45.25M50.87M
Stockholders Equity11.71M8.22M12.36M10.97M12.35M13.47M
Cash Flow
Free Cash Flow-8.63M446.00K18.71M-825.00K-5.05M-4.42M
Operating Cash Flow-8.16M2.29M18.76M-712.00K-4.94M-3.85M
Investing Cash Flow-453.00K-1.98M-52.00K-113.00K1.37M-6.77M
Financing Cash Flow-715.00K-1.49M-5.77M-5.78M-2.85M25.05M

Raffles Interior Ltd. Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.24
Price Trends
50DMA
0.30
Negative
100DMA
0.21
Positive
200DMA
0.14
Positive
Market Momentum
MACD
-0.02
Positive
RSI
37.75
Neutral
STOCH
31.91
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1376, the sentiment is Negative. The current price of 0.24 is below the 20-day moving average (MA) of 0.29, below the 50-day MA of 0.30, and above the 200-day MA of 0.14, indicating a neutral trend. The MACD of -0.02 indicates Positive momentum. The RSI at 37.75 is Neutral, neither overbought nor oversold. The STOCH value of 31.91 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1376.

Raffles Interior Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
$10.79B15.437.44%2.01%2.89%-14.66%
HK$97.98M-2.95%-2.17%-188.41%
HK$242.00M-39.0329.87%1.93%-158.33%
HK$167.96M-24.93%-72.69%
HK$105.40M-48.06%-10.74%-81.54%
HK$31.23M-22.97%-41.70%12.59%
HK$47.04M-617.73%-8.22%-7.28%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:1376
Raffles Interior Ltd.
0.24
0.08
50.00%
HK:3893
CROSSTEC Group Holdings Ltd.
0.90
0.32
55.17%
HK:8040
Coolpoint Innonism Holding Limited
0.31
-0.19
-38.00%
HK:8173
Hephaestus Holdings Limited
0.13
-0.14
-51.85%
HK:8455
Lai Group Holding Co Ltd
0.05
0.03
150.00%
HK:8501
Sanbase Corporation Limited
0.50
0.22
78.57%

Raffles Interior Ltd. Corporate Events

Raffles Interior’s Cash Offer by Han Vision Concludes with Minimal Uptake
Oct 2, 2025

Raffles Interior Limited, a company listed on the Hong Kong Stock Exchange, recently concluded a mandatory unconditional cash offer made by Han Vision Holdings Limited to acquire all issued shares and outstanding convertible notes not already owned by Han Vision. The offer closed on October 2, 2025, without any revisions or extensions. The results showed minimal acceptance, with only 456,000 shares tendered, representing a mere 0.046% of the company’s total issued share capital. Consequently, Han Vision’s stake in Raffles Interior increased slightly to 51.0%. The settlement process for the cash consideration is underway, with remittances expected to be dispatched by October 14, 2025.

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 Appoints New Executive Director and Chairman
Sep 10, 2025

Raffles Interior Limited has announced the appointment of Mr. Zheng Nenghuan as the new executive director and chairman of the board, effective September 10, 2025. Mr. Zheng, a seasoned entrepreneur with over 30 years of experience in corporate strategic development, is expected to bring significant expertise to the company, potentially enhancing its market position and operational capabilities. This leadership change reflects the company’s strategic direction towards innovation and growth in the high-technology and infrastructure sectors.

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. Announces Board Composition and Committee Roles
Sep 10, 2025

Raffles Interior Ltd. has announced the composition of its board of directors and the roles and functions of its board committees. The board includes executive, non-executive, and independent non-executive directors, with specific members assigned to the audit, remuneration, and nomination committees. This announcement is crucial for stakeholders as it outlines the governance structure and leadership roles within the company, potentially impacting its strategic direction and operational effectiveness.

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. Announces Dispatch of Composite Document for Cash Offers
Sep 9, 2025

Raffles Interior Ltd. and Han Vision Holdings Limited have jointly announced the dispatch of a composite document regarding mandatory unconditional cash offers by Get Nice Securities Limited. This document outlines the terms of the offers, recommendations, and advice for shareholders and note holders, marking a significant step in the acquisition process by Han Vision Holdings Limited.

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. Reports Strong Interim Results for 2025
Aug 29, 2025

Raffles Interior Ltd. announced its interim results for the six months ending June 30, 2025, showing a significant increase in revenue and profit from continuing operations compared to the same period in 2024. The company’s revenue rose to S$39,989,000 from S$23,423,000, and profit from continuing operations increased to S$3,487,000 from S$709,000, indicating strong operational performance and improved market positioning.

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 Delays Dispatch of Composite Document for Cash Offers
Aug 28, 2025

Raffles Interior Limited announced a delay in the dispatch of its Composite Document related to mandatory unconditional cash offers made by Han Vision Holdings Limited. The delay is due to the need for additional time to finalize certain information, with the new dispatch date set on or before September 11, 2025. This delay may impact the timeline for shareholders and note holders to receive and respond to the offers, potentially affecting the company’s acquisition process and market positioning.

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 Issues Positive Profit Alert for H1 2025
Aug 26, 2025

Raffles Interior Limited has issued a positive profit alert, anticipating a significant increase in net profit for the six months ending June 2025, compared to the same period in 2024. This expected growth is attributed to increased revenue, a fair value gain from remeasurement of convertible bonds, and the absence of losses from discontinued operations. However, the profit alert has not been reported in accordance with the Takeovers Code, and stakeholders are advised to exercise caution when assessing the company’s financial position.

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 Appoints WRise Capital as Financial Adviser for Offers
Aug 8, 2025

Raffles Interior Limited has appointed WRise Capital Limited as the Independent Financial Adviser to guide the Independent Board Committee regarding the Offers from Han Vision Holdings Limited. This strategic appointment aims to ensure that the Offers are evaluated for fairness and reasonableness, potentially impacting shareholder decisions and the company’s market positioning.

Han Vision Holdings Acquires Majority Stake in Raffles Interior
Aug 7, 2025

Raffles Interior Limited announced a significant change in its ownership structure with Han Vision Holdings Limited acquiring 51% of its issued share capital. This acquisition triggers mandatory unconditional cash offers for the remaining shares and outstanding convertible notes, potentially impacting the company’s market positioning and shareholder dynamics.

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.Date of analysis: Nov 01, 2025