Overseas Chinese Town (Asia) Holdings Limited (3366) AI Stock Analysis

• Market Cap: HK$284.38M
• Dividend Yield: N/A
• Average Volume (3M): 1.77M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.53
• Revenue Growth: -62.34%
• EPS Growth: 70.06%
• Country: HK
• Employees: 133
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Development
• EPS (TTM): -0.28
• Shares Outstanding: 748,366,000
• 10 Day Avg. Volume: 3,286,800
• 30 Day Avg. Volume: 1,771,333
• PEG Ratio: 0.01
• Price to Book (P/B): -0.32
• Price to Sales (P/S): 0.17
• P/FCF Ratio: -0.17
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 48 Neutral
• Price Target: HK$0.30 ▼(-21.84% Downside)

The overall score is primarily impacted by severe financial distress, with negative profits and poor cash flow generation. While technical indicators show some positive momentum, the negative valuation metrics and lack of earnings call data or corporate events limit the score.

Positive Factors

Diversified Revenue Streams

Diversified revenue streams from tourism, real estate, and cultural services provide resilience against sector-specific downturns.

Cultural Tourism Focus

The company's focus on cultural tourism aligns with growing global trends, potentially enhancing long-term market positioning.

Partnerships Enhance Market Reach

Strategic partnerships can drive visitor growth and revenue, supporting sustainable business expansion.

Negative Factors

Financial Distress

Ongoing financial distress with negative equity and profits threatens long-term viability and limits investment capacity.

Poor Cash Flow Generation

Inability to generate positive cash flow poses risks to sustaining operations and meeting financial obligations.

Declining Revenue and Margins

Declining revenue and margins indicate operational challenges, reducing profitability and competitive edge.

Overseas Chinese Town (Asia) Holdings Limited Business Overview & Revenue Model

Company Description

Overseas Chinese Town (Asia) Holdings Limited, an investment holding company, engages in the development, equity investment, and fund management businesses in Hong Kong. It operates through three segments: Comprehensive Development Business, Equity Investment and Fund Business, and Finance Lease Business. The company develops and operates tourism theme parks; develops and sells residential properties; develops, manages, and invests in properties; and operates a hotel. It also invests in new urbanization industrial ecosphere, such as domestic and overseas direct investments, industrial funds, and education. In addition, the company provides consulting and management, and finance lease services. Further, it is involved in the tourism and real estate development, and enterprise management activities. The company was founded in 1985 and is headquartered in Hong Kong, Hong Kong. Overseas Chinese Town (Asia) Holdings Limited is a subsidiary of Pacific Climax Limited.

How the Company Makes Money

The company generates revenue through multiple key streams, including ticket sales from its theme parks, fees from hotel accommodations, and sales from its real estate developments. The theme parks, which are a major revenue driver, attract visitors both domestically and internationally, providing a significant income through entrance fees and ancillary services such as food and merchandise sales. Additionally, the company earns from property sales and leasing income from its real estate projects. Partnerships with local governments and tourism organizations also enhance its market reach and contribute to its earnings by facilitating joint ventures and promotional activities that attract more visitors to its properties.

Overseas Chinese Town (Asia) Holdings Limited Financial Statement Overview

Summary

The company is experiencing severe financial distress with declining revenues, persistently negative profits, and an alarming balance sheet with negative equity. High leverage and lack of cash flow generation further exacerbate financial challenges, highlighting the need for strategic restructuring or capital infusion.

Income Statement

The company exhibited declining revenue with a significant drop from 2022 to 2024. Gross profit margins decreased from 24.9% in 2020 to 14.0% in 2024, and net income was negative for five consecutive years. The EBIT margin turned negative, indicating operational challenges and poor profitability.

Balance Sheet

The balance sheet shows a significant equity deficit in 2023 and 2024, with liabilities exceeding assets. The debt-to-equity ratio is not calculable due to negative equity, signifying financial instability. The company is highly leveraged, increasing financial risk.

Cash Flow

The company consistently reported negative operating and free cash flows, indicating poor cash generation capabilities. The inability to generate positive free cash flow poses significant risks to sustaining operations and financing obligations.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	628.76M	966.53M	1.26B	3.07B	1.47B	1.31B
Gross Profit	70.09M	135.02M	139.17M	322.32M	304.15M	316.48M
EBITDA	-260.16M	50.60M	-112.04M	7.07M	59.02M	637.61M
Net Income	-143.27M	-173.14M	-464.53M	-1.91B	-883.25M	63.76M
Balance Sheet
Total Assets	11.53B	11.60B	22.93B	22.78B	26.34B	25.42B
Cash, Cash Equivalents and Short-Term Investments	152.16M	96.91M	2.46B	1.93B	3.35B	4.27B
Total Debt	8.15B	8.21B	11.81B	6.87B	8.11B	8.85B
Total Liabilities	10.46B	10.40B	19.59B	12.90B	13.94B	12.20B
Stockholders Equity	-624.20M	-527.29M	-220.17M	6.19B	8.62B	9.43B
Cash Flow
Free Cash Flow	-67.58M	-1.00B	-931.71M	-1.24B	-2.24B	-2.07B
Operating Cash Flow	-63.15M	-995.69M	-834.00M	-1.04B	-2.18B	-1.86B
Investing Cash Flow	1.42B	1.39B	2.38B	-47.90M	2.15B	1.06B
Financing Cash Flow	-2.69B	-2.78B	-1.01B	-320.08M	-912.92M	3.38B

Overseas Chinese Town (Asia) Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.38
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3366, the sentiment is Positive. The current price of 0.38 is above the 20-day moving average (MA) of 0.29, above the 50-day MA of 0.29, and above the 200-day MA of 0.22, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 71.04 is Negative, neither overbought nor oversold. The STOCH value of 89.63 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:3366.

Overseas Chinese Town (Asia) Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
3366	48 Neutral	HK$284.38M	-1.85	―	―	-62.34%	70.06%
0185	43 Neutral	HK$223.87M	-0.19	-157.74%	―	-14.64%	69.18%
6968	42 Neutral	HK$115.15M	-0.12	-26.32%	―	-70.72%	-667.17%
6158	40 Underperform	HK$126.66M	-0.01	―	―	-70.13%	-16.86%
1996	39 Underperform	HK$116.02M	-0.02	-1347.47%	―	-59.30%	19.71%

Overseas Chinese Town (Asia) Holdings Limited Corporate Events

OCT Asia Renews Connected Property Management Deal for Hefei Project

Overseas Chinese Town (Asia) Holdings has entered into a new three-year framework agreement with the Hefei branch of OCT Property (Group) to provide a full suite of property management services for the Hefei OCT International Town Project from 2026 to 2028, replacing an existing agreement that expires at the end of 2025. The deal, covering maintenance, operations, security, cleaning, landscaping, and management of sales and delivery areas, is classified as a continuing connected transaction under Hong Kong listing rules; because its size ratios fall between 0.1% and 5%, it will require reporting, announcement and annual review but is exempt from independent shareholders’ approval, signaling ongoing intra-group cooperation while maintaining regulatory oversight for minority investors.

The most recent analyst rating on (HK:3366) stock is a Hold with a HK$0.30 price target. To see the full list of analyst forecasts on Overseas Chinese Town (Asia) Holdings Limited stock, see the HK:3366 Stock Forecast page.