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Raffles Interior Ltd.
(1376)
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Rating:47Neutral
Price Target:
HK$0.12
â–²(52.50% Upside)
Action:Downgraded
Date:01/27/26
The score is held down primarily by weak financial performance (declining revenue, negative profitability, and high leverage) and a bearish technical profile with the stock trading below all major moving averages. Valuation is also constrained by a negative P/E and lack of dividend yield data.
Positive Factors
Improved Gross Margin
A sustained improvement in gross margin suggests the company has implemented effective cost controls or shifted sales mix toward higher‑margin projects. If maintained, this structural margin expansion supports longer-term profitability and provides more headroom to absorb SG&A and financing costs.
Negative Factors
Declining Revenue & Negative Profitability
A structural decline in revenue combined with sustained negative net margins signals underlying demand or pricing issues. Persistent unprofitability constrains reinvestment, weakens stakeholder confidence, and limits the firm's ability to build scale or fund strategic initiatives organically.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Gross Margin
A sustained improvement in gross margin suggests the company has implemented effective cost controls or shifted sales mix toward higher‑margin projects. If maintained, this structural margin expansion supports longer-term profitability and provides more headroom to absorb SG&A and financing costs.
Read all positive factors
Raffles Interior Ltd. (1376) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$96.00M
Dividend YieldN/A
Average Volume (3M)7.73M
Price to Earnings (P/E)4.2
Beta (1Y)-0.13
Revenue Growth1.93%
EPS Growth-158.33%
CountryHK
Employees376
SectorIndustrials
Sector Strength72
IndustryConsulting Services
Share Statistics
EPS (TTM)<0.01
Shares Outstanding1,000,000,000
10 Day Avg. Volume5,395,200
30 Day Avg. Volume7,728,533
Financial Highlights & Ratios
PEG Ratio-0.88
Price to Book (P/B)4.36
Price to Sales (P/S)0.76
P/FCF Ratio80.30
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
Raffles Interior Ltd. Business Overview & Revenue Model
Company Description
Raffles Interior Limited operates as an investment holding company, specializing in comprehensive interior fit-out solutions across Singapore. The company offers a broad spectrum of services, encompassing full project and construction management, ...
How the Company Makes Money
Raffles Interior Ltd. generates revenue through multiple streams, primarily through project-based fees for interior design services and consultancy. The company charges clients for design consultations, which can include initial assessments and de...
Raffles Interior Ltd. Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
55
Neutral
Cash Flow
50
Neutral
| 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 | 10.47M | 446.00K | 18.71M | -825.00K | -5.05M | -4.42M |
| Operating Cash Flow | 21.66M | 2.29M | 18.76M | -712.00K | -4.94M | -3.85M |
| Investing Cash Flow | -12.10M | -1.98M | -52.00K | -113.00K | 1.37M | -6.77M |
| Financing Cash Flow | -5.21M | -1.49M | -5.77M | -5.78M | -2.85M | 25.05M |
Raffles Interior Ltd. Technical Analysis
Negative
0.08
Price Trends
0.10
Negative
0.12
Negative
0.17
Negative
Market Momentum
>-0.01
Negative
33.28
Neutral
100.00
Negative
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 0.08 is below the 20-day moving average (MA) of 0.10, below the 50-day MA of 0.10, and below the 200-day MA of 0.17, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 33.28 is Neutral, neither overbought nor oversold. The STOCH value of 100.00 is Negative, 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
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | HK$1.33B | 4.93 | 7.54% | 8.00% | -14.36% | -16.69% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
50 Neutral | HK$190.40M | -5.04 | -96.37% | ― | 27.86% | 75.80% | |
50 Neutral | HK$146.48M | -9.14 | -6.59% | ― | -17.69% | -241.71% | |
47 Neutral | HK$96.00M | 4.17 | -10.63% | ― | 1.93% | -158.33% | |
42 Neutral | HK$283.86M | -4.27 | -75.76% | ― | -30.47% | -57.80% | |
41 Neutral | HK$56.64M | -3.51 | 476.40% | ― | 9.01% | 38.27% |
* Industrials Sector Average
HK:1376
Raffles Interior Ltd.
0.10
0.02
23.08%
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Sundart Holdings Ltd.
0.61
-0.04
-6.15%
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Standard Development Group Limited
0.19
0.05
31.03%
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0.56
0.28
96.49%
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>-0.01
-6.35%
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150.85%
Raffles Interior Ltd. Corporate Events
Raffles Interior Flags Governance Gaps After Independent Director Resigns
Jan 22, 2026
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 durin...
Raffles Interior Announces Board and Committee Composition Changes
Jan 22, 2026
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-executi...
Raffles Interior Postpones Extraordinary General Meeting to March Amid Shareholder Court Order
Jan 19, 2026
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...
Raffles Interior Hit by Cayman Court Injunction Over Share Issue and Board Actions
Jan 15, 2026
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 b...
Raffles Interior Faces Complaint Over Alleged PRC FX Breaches Tied to HK$300 Million Deal
Jan 13, 2026
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 P...
Raffles Interior Halts Trading After Cayman Court Issues Injunction
Jan 12, 2026
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 comp...
Raffles Interior Names Veteran Corporate Lawyer Alan Chan as Independent Non-Executive Director
Jan 12, 2026
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 a...
Raffles Interior Sets Out Board and Committee Structure, Elevating Independent Oversight
Jan 12, 2026
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, ...
Raffles Interior Calls EGM to Overhaul Board and Appoint New Directors
Jan 5, 2026
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, inclu...
Raffles Interior Calls January EGM for Major Boardroom Overhaul
Dec 31, 2025
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 no...
Raffles Interior Faces Fresh Shareholder Requisition and Legal Action From Controlling Shareholder
Dec 31, 2025
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 direct...
Raffles Interior Ltd Updates on Independent Board Committee Investigation
Dec 17, 2025
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 u...
Raffles Interior Forms Independent Board Committee for Investigation
Dec 15, 2025
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 di...
Raffles Interior Ltd. Faces Major Board Reshuffle
Dec 15, 2025
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 m...
Raffles Interior Faces Compliance Challenge Following Director Resignation
Dec 10, 2025
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 h...
Raffles Interior Limited Announces Board Composition and Roles
Dec 10, 2025
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 ...
Raffles Interior Faces Leadership Suitability Concerns
Nov 28, 2025
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 lit...
Raffles Interior Faces Trading Halt Amid Internal Investigations
Nov 25, 2025
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 ...
Raffles Interior Limited Announces Trading Halt Amid Internal Investigation
Nov 25, 2025
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 a...
Raffles Interior Faces Governance Challenges Amid Allegations
Nov 24, 2025
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 companyR...
Raffles Interior Faces Fraud Allegations Over Land Deal
Nov 24, 2025
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...
Leadership Changes at Raffles Interior Limited
Nov 23, 2025
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 per...
Raffles Interior Faces Potential Stake Transfer Amid Legal Dispute
Nov 20, 2025
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 potenti...
Raffles Interior Clarifies Trading Suspension and Acquisition Attempt
Nov 10, 2025
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...
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.