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Hotung Investment Holdings Limited (SG:BLS)
SGX:BLS
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Hotung Investment Holdings Limited
(SGX:BLS)
Select Model
Select Model
Rating:69Neutral
Price Target:
S$1.50
▲(7.14% Upside)
The score is primarily supported by strong financial health (near-zero leverage) and improving profitability, but is held back by material year-to-year volatility in revenue and cash flow. Technical indicators are largely neutral, and valuation is mixed due to a high dividend yield offset by a negative P/E.
Hotung Investment Holdings Limited (BLS) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$136.60M
Dividend Yield7.76%
Average Volume (3M)12.02K
Price to Earnings (P/E)―
Beta (1Y)0.38
Revenue GrowthN/A
EPS GrowthN/A
CountrySG
Employees2
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)-0.09
Shares Outstanding104,660,670
10 Day Avg. Volume10,450
30 Day Avg. Volume12,020
Financial Highlights & Ratios
PEG Ratio0.29
Price to Book (P/B)0.48
Price to Sales (P/S)6.81
P/FCF Ratio10.02
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
Hotung Investment Holdings Limited Business Overview & Revenue Model
Company DescriptionHotung Investment Holdings Limited, an investment holding company, operates as a venture capital investment company in Taiwan, China, Israel, the United States, the United Kingdom, and internationally. The company operates through Investments and Fund Management segments. It invests in listed, over the counter, and unlisted companies, as well as provides consultancy services. The company was incorporated in 1997 and is based in Hamilton, Bermuda.
How the Company Makes Money
Hotung Investment Holdings Limited Financial Statement Overview
Summary
Strong profitability with improving net margins (~21% in 2022 to ~37% in 2024) and a very conservative balance sheet (near-zero leverage). The main constraint on the score is volatility in revenue and cash flows, including negative operating/free cash flow in 2022 and lower operating cash flow in 2024 vs 2023.Income Statement
Profitability is strong, with very high gross and operating margins across recent years and net profit margin improving from ~21% (2022) to ~30% (2023) and ~37% (2024). Earnings also rebounded sharply after 2022. The key weakness is volatility: revenue swung materially (very strong 2021, sharp decline in 2022, then large rebounds in 2023–2024), which reduces visibility and suggests results may be driven by non-recurring or market-sensitive factors.78
Positive
Balance Sheet
The balance sheet is conservatively positioned with extremely low leverage (debt-to-equity consistently near zero) and a large equity base versus assets. Returns on equity improved versus 2022 and 2023 but remain modest in 2024 (~2.6%), indicating the company is very well-capitalized but not consistently generating high returns on that capital.90
Very Positive
Cash Flow
Cash generation is generally solid in 2021, 2023, and 2024, with free cash flow closely matching net income (near 1:1), supporting earnings quality. However, cash flows are uneven: 2022 showed negative operating and free cash flow, and operating cash flow declined from 2023 to 2024. Overall, the company demonstrates good conversion in positive years but with notable year-to-year swings.73
Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.63M | 431.83M | 325.64M | 230.89M | 1.03B | 47.43M |
| Gross Profit | 8.60M | 337.78M | 244.17M | 142.55M | 914.49M | 47.43M |
| EBITDA | 2.66M | 290.14M | 206.70M | 112.61M | 856.69M | 38.76M |
| Net Income | -2.41M | 158.19M | 96.80M | 49.40M | 624.22M | 24.50M |
Balance Sheet | ||||||
| Total Assets | 5.80B | 6.62B | 6.46B | 6.55B | 6.79B | 315.96M |
| Cash, Cash Equivalents and Short-Term Investments | 1.41B | 1.90B | 1.89B | 1.64B | 2.34B | 51.42M |
| Total Debt | 657.19K | 18.55M | 34.01M | 7.84M | 16.08M | 1.14M |
| Total Liabilities | 12.75M | 389.54M | 330.59M | 265.37M | 333.15M | 18.73M |
| Stockholders Equity | 5.42B | 6.13B | 6.04B | 6.19B | 6.32B | 291.70M |
Cash Flow | ||||||
| Free Cash Flow | 1.40M | 293.45M | 530.87M | -246.04M | 1.75B | 10.88M |
| Operating Cash Flow | 1.45M | 294.13M | 530.87M | -246.04M | 1.75B | 10.88M |
| Investing Cash Flow | -44.45K | -676.00K | 0.00 | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | -11.65M | -268.17M | -278.14M | -551.87M | -483.15M | -13.06M |
Hotung Investment Holdings Limited Peers Comparison
UnderperformOutperform
Sector (68)
SG:BLS
Hotung Investment Holdings Limited
1.43
0.23
19.17%
SG:I49
IFS Capital Ltd.
0.17
0.07
69.61%
SG:S35
Sing Investments & Finance Limited
1.66
0.66
66.00%
SG:S41
Hong Leong Finance Limited
2.75
0.41
17.52%
SG:T55
TIH Limited
0.26
<0.01
3.24%
SG:TCU
Credit Bureau Asia Limited
1.27
0.07
5.83%
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.