Raffles Interior Ltd. (1376) AI Stock Analysis

• Market Cap: HK$242.00M
• Dividend Yield: N/A
• Average Volume (3M): 9.15M
• Price to Earnings (P/E): ―
• Beta (1Y): -0.27
• Revenue Growth: -48.30%
• EPS Growth: -395.18%
• Country: HK
• Employees: 376
• Sector: Industrials
• Sector Strength: 78
• Industry: Consulting Services
• EPS (TTM): N/A
• Shares Outstanding: 1,000,000,000
• 10 Day Avg. Volume: 4,840,800
• 30 Day Avg. Volume: 9,148,533
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• 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: HK$0.50
• Price Target Upside: 78.57% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 45 Neutral
• Price Target: HK$0.50 ▲(78.57% Upside)

Raffles Interior Ltd. faces significant financial and valuation challenges, with declining revenues and profitability issues. The high leverage and low equity ratio present financial stability risks. Technical analysis shows mixed signals, with a high RSI indicating an overbought condition despite some bullish momentum. The negative P/E ratio and lack of dividend yield further detract from the stock's attractiveness.

Raffles Interior Ltd. Business Overview & Revenue Model

Company Description

Raffles 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 Money

Raffles 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. While the balance sheet shows manageable leverage, negative cash flows and inconsistent operational performance indicate potential liquidity concerns.

Income Statement

Raffles Interior Ltd. has faced significant revenue fluctuations, with a notable decline from 2023 to 2024. The gross profit margin improved in 2024 due to cost control, but a negative net income in recent years indicates struggling profitability. The EBIT and EBITDA margins have been volatile, reflecting operational challenges.

Balance Sheet

The company's debt-to-equity ratio has increased, suggesting higher leverage, but remains manageable. The equity ratio shows a moderate level of equity financing, providing some stability. Return on equity has been negative due to recent losses, impacting shareholder returns.

Cash Flow

Raffles Interior Ltd. has struggled with cash flow generation, as evidenced by negative free cash flow in recent years. Operating cash flow has also been inconsistent, failing to cover net income, which raises concerns about liquidity and operational efficiency.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	47.12M	91.18M	66.49M	79.58M	64.22M
Gross Profit	12.59M	11.49M	7.73M	6.38M	-2.58M
EBITDA	2.02M	2.32M	-25.00K	-1.52M	-12.89M
Net Income	-4.15M	1.40M	-1.36M	-1.12M	-15.95M
Balance Sheet
Total Assets	38.64M	44.22M	41.47M	57.60M	64.34M
Cash, Cash Equivalents and Short-Term Investments	15.80M	17.19M	4.77M	11.58M	19.23M
Total Debt	11.13M	2.00M	7.44M	12.54M	14.92M
Total Liabilities	30.42M	31.86M	30.50M	45.25M	50.87M
Stockholders Equity	8.22M	12.36M	10.97M	12.35M	13.47M
Cash Flow
Free Cash Flow	446.00K	18.71M	-825.00K	-5.05M	-4.42M
Operating Cash Flow	2.29M	18.76M	-712.00K	-4.94M	-3.85M
Investing Cash Flow	-1.98M	-52.00K	-113.00K	1.37M	-6.77M
Financing Cash Flow	-1.49M	-5.77M	-5.78M	-2.85M	25.05M

Raffles Interior Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.28
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1376, the sentiment is Positive. The current price of 0.28 is above the 20-day moving average (MA) of 0.23, above the 50-day MA of 0.15, and above the 200-day MA of 0.11, indicating a bullish trend. The MACD of 0.04 indicates Positive momentum. The RSI at 70.70 is Negative, neither overbought nor oversold. The STOCH value of 43.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1376.

Raffles Interior Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	64 Neutral	$10.95B	16.37	8.81%	1.96%	2.68%	-15.33%
8173	56 Neutral	HK$43.72M	―	-22.97%	―	-41.70%	12.59%
8501	49 Neutral	HK$89.07M	―	-2.95%	―	-2.17%	-188.41%
3893	46 Neutral	HK$83.98M	―		―	151.24%	46.43%
8040	46 Neutral	HK$102.00M	―	-48.06%	―	-10.74%	-81.54%
1376	45 Neutral	HK$242.00M	―	5.82%	―	-48.30%	-395.18%
8455	41 Neutral	HK$52.80M	―	-617.73%	―	-8.22%	-7.28%

Raffles Interior Ltd. Corporate Events

Raffles Interior Appoints WRise Capital as Financial Adviser for Offers

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

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.

Raffles Interior Limited Announces Trading Halt Pending Inside Information Release

Raffles Interior Limited, a company listed on the Hong Kong Stock Exchange, has announced a trading halt of its shares effective from July 25, 2025. This halt is pending the release of an announcement containing inside information, in accordance with the Stock Exchange’s listing rules and the Code on Takeovers and Mergers of Hong Kong. The trading halt indicates potential significant developments within the company that could impact its market positioning and stakeholders.

Raffles Interior Faces Legal Battle Over Acquisition Dispute

Raffles Interior Limited has announced an update regarding legal proceedings involving the acquisition of a 51% equity interest in a previous subsidiary. The company has filed a writ of summons against the original vendor for misrepresentation and breach of the acquisition agreement, particularly concerning the misrepresented trademark ownership and unauthorized loan. The original vendor has countered with a writ of summons against Raffles Interior, claiming the issuance of a convertible note. Raffles Interior plans to contest this claim and seeks to consolidate the court actions due to their related subject matter.

Raffles Interior Ltd. Appoints New Non-Executive Director

Raffles Interior Ltd. has appointed Ms. Loke Pui San as a non-executive director and a member of the nomination committee, effective June 1, 2025. Ms. Loke brings over a decade of diverse corporate experience across multiple industries, enhancing the company’s strategic operations and governance. Her appointment is expected to strengthen the company’s board with her leadership and operational excellence.

Raffles Interior Ltd. Announces Board Composition and Leadership Roles

Raffles Interior Ltd. has announced the composition of its board of directors and the roles they will undertake within the company. 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, which are essential for strategic decision-making and operational oversight.

Raffles Interior Limited AGM Resolutions Unanimously Approved

Raffles Interior Limited successfully passed all proposed resolutions at its Annual General Meeting held on May 23, 2025. Key resolutions included the re-election of directors, re-appointment of auditors, and granting mandates for share issuance and repurchase, all receiving unanimous support from shareholders.