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Tokyo Chuo Auction Holdings Ltd. (HK:1939)
:1939
Hong Kong Market
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Tokyo Chuo Auction Holdings Ltd. (1939) AI Stock Analysis

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HK:1939

Tokyo Chuo Auction Holdings Ltd.

(1939)

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Neutral 52 (OpenAI - 4o)
Rating:52Neutral
Price Target:
HK$9.00
▲(2.27% Upside)
The overall stock score is primarily influenced by the company's mixed financial performance, with positive revenue growth but negative profitability. Technical analysis provides a moderate positive outlook, while valuation remains a concern due to the negative P/E ratio and lack of dividend yield.

Tokyo Chuo Auction Holdings Ltd. (1939) vs. iShares MSCI Hong Kong ETF (EWH)

Tokyo Chuo Auction Holdings Ltd. Business Overview & Revenue Model

Company DescriptionTokyo Chuo Auction Holdings Ltd. (1939) is a prominent auction house based in Japan, specializing in the auctioning of fine art, antiques, and collectibles. The company operates primarily within the auction and appraisal sectors, catering to both individual collectors and institutional clients. With a focus on high-value items, Tokyo Chuo Auction is known for its expertise in Japanese art and culture, offering a platform for sellers to reach a global audience of buyers through live and online auctions.
How the Company Makes MoneyTokyo Chuo Auction Holdings Ltd. generates revenue primarily through auction commissions, which are fees charged to sellers and buyers based on the final sale price of auctioned items. The company earns a percentage of the hammer price from each sale, typically taking a commission from both the seller and the buyer. Additionally, Tokyo Chuo Auction may generate income through appraisal services, where it charges fees for evaluating and authenticating artworks and collectibles. Strategic partnerships with galleries, museums, and cultural institutions also enhance its visibility and potential revenue streams. The company's ability to attract high-value consignments and a discerning clientele contributes significantly to its profitability.

Tokyo Chuo Auction Holdings Ltd. Financial Statement Overview

Summary
The company shows positive revenue growth and a strong gross profit margin, but struggles with profitability due to negative net profit and EBIT margins. The balance sheet is stable with low leverage, yet the negative return on equity indicates inefficiencies. Cash flow has improved, but free cash flow growth remains negative.
Income Statement
45
Neutral
The company shows a mixed performance in its income statement. Revenue growth is positive at 7.82% for the latest period, indicating some recovery. However, the company is struggling with profitability, as evidenced by negative net profit and EBIT margins. The gross profit margin remains strong at 78.14%, but the negative EBIT and net profit margins highlight ongoing operational challenges.
Balance Sheet
60
Neutral
The balance sheet reflects a stable financial position with a manageable debt-to-equity ratio of 0.20, indicating low leverage. However, the return on equity is negative, suggesting inefficiencies in generating returns from equity. The equity ratio is healthy, showing a strong equity base relative to total assets.
Cash Flow
50
Neutral
Cash flow analysis reveals a significant improvement in operating cash flow, turning positive in the latest period. However, free cash flow growth is negative, and the free cash flow to net income ratio is close to 1, indicating that cash generation is not yet robust. The operating cash flow to net income ratio is also positive, showing some improvement in cash conversion.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue57.55M62.05M57.85M72.76M79.60M80.75M
Gross Profit44.23M48.48M46.78M53.32M68.97M70.02M
EBITDA-26.07M-11.68M-18.60M-541.00K22.26M23.52M
Net Income-29.64M-19.46M-26.89M-8.29M8.43M8.36M
Balance Sheet
Total Assets432.27M394.96M396.64M466.00M581.08M594.65M
Cash, Cash Equivalents and Short-Term Investments73.77M76.46M69.05M67.28M108.70M153.63M
Total Debt49.44M43.80M52.25M53.44M68.99M85.47M
Total Liabilities189.66M170.38M157.69M202.91M297.06M308.19M
Stockholders Equity239.10M221.30M235.64M259.32M279.94M282.24M
Cash Flow
Free Cash Flow-32.55M37.05M-10.93M-17.25M-24.19M51.60M
Operating Cash Flow-30.09M37.16M-6.16M-16.52M-23.29M60.79M
Investing Cash Flow-2.24M590.00K-4.55M-549.00K1.69M-7.36M
Financing Cash Flow577.00K-9.56M-6.88M-18.65M-18.74M20.01M

Tokyo Chuo Auction Holdings Ltd. Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price8.80
Price Trends
50DMA
8.23
Positive
100DMA
6.67
Positive
200DMA
3.69
Positive
Market Momentum
MACD
0.25
Positive
RSI
50.86
Neutral
STOCH
33.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1939, the sentiment is Neutral. The current price of 8.8 is below the 20-day moving average (MA) of 9.33, above the 50-day MA of 8.23, and above the 200-day MA of 3.69, indicating a neutral trend. The MACD of 0.25 indicates Positive momentum. The RSI at 50.86 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:1939.

Tokyo Chuo Auction Holdings Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
HK$409.36M6.5217.60%3.27%17.38%15.93%
HK$604.79M40.661.04%-36.58%-84.25%
$18.38B12.79-2.54%3.03%1.52%-15.83%
HK$167.36M36.21-0.06%-14.12%-104.76%
HK$4.47B-230.08-8.52%7.26%27.70%
HK$241.92M-3.11%50.72%-434.09%
HK$632.81M-19.85-3.08%-33.28%91.18%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:1939
Tokyo Chuo Auction Holdings Ltd.
8.80
8.10
1157.14%
HK:1572
China Art Financial Holdings Ltd
0.10
-0.04
-28.57%
HK:1759
Sino Gas Holdings Group Limited
1.14
0.61
115.09%
HK:1861
Precious Dragon Technology Holdings Ltd.
1.66
-0.26
-13.54%
HK:2101
Fulu Holdings Limited
1.57
-0.53
-25.24%
HK:0620
DTXS Silk Road Investment Holdings Company Limited
0.74
0.44
146.67%

Tokyo Chuo Auction Holdings Ltd. Corporate Events

Shangshan Gold Adjusts Share Placement Terms Amid Market Conditions
Oct 20, 2025

Shangshan Gold International Holdings Limited has announced a supplemental agreement to its previous placing agreement, which involves the issuance of new shares under a general mandate. The company has extended the long stop date to fulfill conditions precedent to November 10, 2025, reduced the number of placing shares from 37,825,421 to 11,880,000, and adjusted the placing price to HK$7.71 per share. These changes reflect the company’s response to prevailing market conditions and aim to optimize the share placement process, potentially impacting its market positioning and stakeholder interests.

The most recent analyst rating on (HK:1939) stock is a Hold with a HK$10.50 price target. To see the full list of analyst forecasts on Tokyo Chuo Auction Holdings Ltd. stock, see the HK:1939 Stock Forecast page.

Tokyo Chuo Auction Holdings Announces New Share Placement
Sep 30, 2025

Tokyo Chuo Auction Holdings Ltd., incorporated in Hong Kong, has announced the placement of new shares under a general mandate. The company has entered into an agreement with a placing agent to issue up to 37,825,421 shares at a price of HK$6.53 per share, representing approximately 7.57% of the total issued shares. The gross proceeds from this placement are expected to be around HK$247 million, with net proceeds estimated at HK$245.8 million. This strategic move aims to strengthen the company’s financial position, although the completion of the placement is subject to certain conditions.

The most recent analyst rating on (HK:1939) stock is a Hold with a HK$6.50 price target. To see the full list of analyst forecasts on Tokyo Chuo Auction Holdings Ltd. stock, see the HK:1939 Stock Forecast page.

Shangshan Gold Expands Global Reach with Kinghood Trademark Licensing
Sep 16, 2025

Shangshan Gold International Holdings Limited has announced a trademarks licensing agreement with Shenzhen Kinghood Holding Group Company Limited, allowing its subsidiary, Shangshan Technology, to use Kinghood’s trademarks outside mainland China. This strategic move aims to expand Shangshan’s overseas market presence and leverage Kinghood’s brand influence in the international jewelry and gold industries, potentially accelerating the application of relevant technologies and products and creating new growth opportunities for the company.

The most recent analyst rating on (HK:1939) stock is a Hold with a HK$6.50 price target. To see the full list of analyst forecasts on Tokyo Chuo Auction Holdings Ltd. stock, see the HK:1939 Stock Forecast page.

Shangshan Gold Expands Global Reach with New Licensing and Sales Agreements
Aug 29, 2025

Shangshan Gold International Holdings Limited announced a strategic move involving an intellectual property rights licensing agreement with its subsidiary, Hong Kong Shangshan Technology Development Co., Limited. This agreement allows Shangshan Technology to utilize patents and proprietary technologies for intelligent terminal devices outside of mainland China, enhancing its global market presence. Additionally, a sales contract was established with Smart Gold Management Limited, marking a significant step in expanding its gold-related business operations. These developments are poised to strengthen the company’s position in the gold and jewelry industry by leveraging advanced technological solutions.

The most recent analyst rating on (HK:1939) stock is a Hold with a HK$9.50 price target. To see the full list of analyst forecasts on Tokyo Chuo Auction Holdings Ltd. stock, see the HK:1939 Stock Forecast page.

Shangshan Gold International Holdings Unveils New Identity
Aug 22, 2025

Shangshan Gold International Holdings Limited, formerly known as Tokyo Chuo Auction Holdings Limited, has announced a series of changes including its company name, stock short name, logo, and website. These changes, effective from August 2025, reflect the company’s new identity and branding strategy. The stock code remains unchanged, and the changes will not affect shareholders’ rights or the company’s daily operations.

The most recent analyst rating on (HK:1939) stock is a Hold with a HK$9.50 price target. To see the full list of analyst forecasts on Tokyo Chuo Auction Holdings Ltd. stock, see the HK:1939 Stock Forecast page.

Tokyo Chuo Auction Expands into Gold and Intelligent Equipment Market
Aug 15, 2025

Tokyo Chuo Auction Holdings Ltd. has established a wholly-owned subsidiary, Hong Kong Shangshan Technology Development Co., Limited, to enter the gold and intelligent equipment market. This strategic move aims to diversify the company’s business, reduce reliance on a single revenue stream, and enhance its global market presence. The initiative aligns with the company’s long-term development strategy and is expected to improve operational performance and attract international investors, although it may not significantly impact financial results in the short term.

Tokyo Chuo Auction Holdings Ltd. Reports Unanimous Approval of AGM Resolutions
Aug 13, 2025

Tokyo Chuo Auction Holdings Ltd. announced the successful passing of all proposed resolutions at their Annual General Meeting held on August 13, 2025. The meeting saw full participation with 500,000,000 shares entitled to vote, and all resolutions, including the re-election of directors, were unanimously approved without any opposition. This outcome reflects strong shareholder support and stability within the company’s governance structure.

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: Oct 23, 2025