Keck Seng Investments (Hong Kong) Limited, an investment holding company, engages in the hotel and club operations, and property investment and development activities.
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Excellent balance sheet and fair value.
Share Price & News
How has Keck Seng Investments (Hong Kong)'s share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 184's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 184 underperformed the Hong Kong Hospitality industry which returned -24.7% over the past year.
Return vs Market: 184 underperformed the Hong Kong Market which returned -20.1% over the past year.
Price Volatility Vs. Market
How volatile is Keck Seng Investments (Hong Kong)'s share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StWhat Is Keck Seng Investments (Hong Kong)'s (HKG:184) P/E Ratio After Its Share Price Tanked?
2 weeks ago | Simply Wall StKeck Seng Investments (Hong Kong) (HKG:184) Has A Pretty Healthy Balance Sheet
1 month ago | Simply Wall StHere's What Keck Seng Investments (Hong Kong) Limited's (HKG:184) P/E Ratio Is Telling Us
Is Keck Seng Investments (Hong Kong) undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 184 (HK$2.65) is trading below our estimate of fair value (HK$10.08)
Significantly Below Fair Value: 184 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 184 is poor value based on its PE Ratio (163.4x) compared to the Hospitality industry average (11.8x).
PE vs Market: 184 is poor value based on its PE Ratio (163.4x) compared to the Hong Kong market (9x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 184's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 184 is good value based on its PB Ratio (0.2x) compared to the HK Hospitality industry average (0.7x).
How is Keck Seng Investments (Hong Kong) forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Consumer Services industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Keck Seng Investments (Hong Kong) has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Examine whether Keck Seng Investments (Hong Kong) is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Keck Seng Investments (Hong Kong) competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Consumer Services industry.
How has Keck Seng Investments (Hong Kong) performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 184 has a large one-off loss of HK$209.1M impacting its December 31 2019 financial results.
Growing Profit Margin: 184's current net profit margins (0.3%) are lower than last year (9.7%).
Past Earnings Growth Analysis
Earnings Trend: 184's earnings have declined by -14.9% per year over the past 5 years.
Accelerating Growth: 184's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 184 had negative earnings growth (-97.2%) over the past year, making it difficult to compare to the Hospitality industry average (-3.4%).
Return on Equity
High ROE: 184's Return on Equity (2.8%) is considered low.
How is Keck Seng Investments (Hong Kong)'s financial position?
Financial Position Analysis
Short Term Liabilities: 184's short term assets (HK$2.4B) exceed its short term liabilities (HK$2.3B).
Long Term Liabilities: 184's short term assets (HK$2.4B) exceed its long term liabilities (HK$188.0M).
Debt to Equity History and Analysis
Debt Level: 184's debt to equity ratio (43.2%) is considered high.
Reducing Debt: 184's debt to equity ratio has reduced from 52.6% to 43.2% over the past 5 years.
Debt Coverage: 184's debt is well covered by operating cash flow (25.9%).
Interest Coverage: 184's interest payments on its debt are well covered by EBIT (116.4x coverage).
Inventory Level: 184 has a high level of physical assets or inventory.
Debt Coverage by Assets: 184's debt is covered by short term assets (assets are 1.3x debt).
What is Keck Seng Investments (Hong Kong)'s current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: 184's dividend (3.02%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.67%).
High Dividend: 184's dividend (3.02%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.33%).
Stability and Growth of Payments
Stable Dividend: 184's dividend payments have been volatile in the past 10 years.
Growing Dividend: 184's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (493.4%), 184's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Keck Seng Investments (Hong Kong) has no CEO, or we have no data on them.
|Executive Chairman||no data||HK$1.81m||no data|
|Deputy Executive Chairman||no data||HK$1.74m||no data|
|Executive Director||40.25yrs||HK$215.00k||0.085% HK$765.1k|
|Executive Director||13.67yrs||HK$1.60m||no data|
|Executive Director||13.67yrs||HK$829.00k||no data|
|Executive Director||11.42yrs||HK$1.87m||no data|
|Executive Director||11.42yrs||HK$608.00k||no data|
|Independent Non Executive Director||6.92yrs||HK$250.00k||no data|
|Independent Non-Executive Director||25.17yrs||HK$250.00k||no data|
|Independent Non-Executive Director||15.5yrs||HK$250.00k||no data|
Experienced Board: 184's board of directors are seasoned and experienced ( 13.7 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Keck Seng Investments (Hong Kong) Limited's company bio, employee growth, exchange listings and data sources
- Name: Keck Seng Investments (Hong Kong) Limited
- Ticker: 184
- Exchange: SEHK
- Founded: 1973
- Industry: Hotels, Resorts and Cruise Lines
- Sector: Consumer Services
- Market Cap: HK$901.530m
- Shares outstanding: 340.20m
- Website: https://www.keckseng.com.hk
Number of Employees
- Keck Seng Investments (Hong Kong) Limited
- West Tower
- Room 2902
- Hong Kong
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|184||SEHK (The Stock Exchange of Hong Kong Ltd.)||Yes||Ordinary Shares||HK||HKD||Jan 1992|
|KEC||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jan 1992|
|KCKS.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Jan 1992|
Keck Seng Investments (Hong Kong) Limited, an investment holding company, engages in the hotel and club operations, and property investment and development activities. It operates through three segments: Hotel, Property, and Investment and Corporate. The Hotel segment offers hotel room accommodation services; and food and beverages at hotel restaurant outlets, as well as operates slot machines. The Property segment leases investment properties, which primarily consist of retail, commercial, and office properties; and develops, sells, and markets trading properties, as well as offers management services. The Investment and Corporate segment is involved in the non-trading and trading securities; financial instruments; and other treasury operations. It has operations in Hong Kong, Macau, the People's Republic of China, Vietnam, the United States, Canada, and Japan. The company was founded in 1973 and is based in Central, Hong Kong.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/28 12:45|
|End of Day Share Price||2020/03/27 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.