SEHK:105

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Associated International Hotels

Executive Summary

Associated International Hotels Limited, an investment holding company, engages in the property investment activities in Hong Kong.


Snowflake Analysis

Adequate balance sheet not a dividend payer.

Share Price & News

How has Associated International Hotels's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 105 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

105

5.2%

HK Real Estate

5.0%

HK Market


1 Year Return

-28.3%

105

-13.4%

HK Real Estate

-5.3%

HK Market

Return vs Industry: 105 underperformed the Hong Kong Real Estate industry which returned -13.2% over the past year.

Return vs Market: 105 underperformed the Hong Kong Market which returned -5.2% over the past year.


Shareholder returns

105IndustryMarket
7 Day0%5.2%5.0%
30 Day0%0.9%4.0%
90 Day-10.0%-9.9%-4.0%
1 Year-24.2%-28.3%-9.4%-13.4%-1.9%-5.3%
3 Year-20.7%-32.2%9.5%-3.0%-0.5%-10.9%
5 Year-12.2%-32.5%21.5%0.7%-9.0%-23.5%

Price Volatility Vs. Market

How volatile is Associated International Hotels's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Associated International Hotels undervalued compared to its fair value and its price relative to the market?

0.45x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: 105 (HK$16.2) is trading above our estimate of fair value (HK$11.75)

Significantly Below Fair Value: 105 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 105 is unprofitable, so we can't compare its PE Ratio to the Real Estate industry average.

PE vs Market: 105 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 105's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 105 is overvalued based on its PB Ratio (0.4x) compared to the HK Real Estate industry average (0.4x).


Next Steps

Future Growth

How is Associated International Hotels forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

11.6%

Forecasted Real Estate 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 Associated International Hotels 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.


Next Steps

Past Performance

How has Associated International Hotels performed over the past 5 years?

-51.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 105 is currently unprofitable.

Growing Profit Margin: 105 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 105 is unprofitable, and losses have increased over the past 5 years at a rate of -51% per year.

Accelerating Growth: Unable to compare 105's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 105 is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (2.8%).


Return on Equity

High ROE: 105 has a negative Return on Equity (-3.18%), as it is currently unprofitable.


Next Steps

Financial Health

How is Associated International Hotels's financial position?


Financial Position Analysis

Short Term Liabilities: 105's short term assets (HK$770.1M) exceed its short term liabilities (HK$449.0M).

Long Term Liabilities: 105's short term assets (HK$770.1M) exceed its long term liabilities (HK$284.1M).


Debt to Equity History and Analysis

Debt Level: 105's debt to equity ratio (1.5%) is considered satisfactory.

Reducing Debt: 105's debt to equity ratio has increased from 1.5% to 1.5% over the past 5 years.

Debt Coverage: 105's debt is well covered by operating cash flow (192.6%).

Interest Coverage: 105 is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

What is Associated International Hotels's current dividend yield, its reliability and sustainability?

6.91%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 105's dividend (6.91%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.44%).

High Dividend: 105's dividend (6.91%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.14%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, 105 has been paying a dividend for less than 10 years.

Growing Dividend: 105's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Dividend Coverage: 105 is paying a dividend but the company is unprofitable.


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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

16.4yrs

Average management tenure


CEO

Hooi Cheong (72yo)

no data

Tenure

HK$2,298,000

Compensation

Mr. Hooi Hong Cheong serves as the Chief Executive Officer of Tian Teck Land Limited. Mr. Cheong has been Chairman and an Executive Director of Tian Teck Land Limited since 1983. Mr. Cheong has extensive e ...


CEO Compensation Analysis

Compensation vs Market: Hooi's total compensation ($USD296.51K) is below average for companies of similar size in the Hong Kong market ($USD503.69K).

Compensation vs Earnings: Hooi's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Hooi Cheong
Executive Chairman & CEOno dataHK$2.30m0.58% HK$33.6m
Kheng Cheong
Executive Deputy Chairman & COO36.42yrsHK$3.32m7.11% HK$414.6m
Sim Cheong
Chief Investment Officer & Executive Director36.42yrsHK$2.20m0.51% HK$29.7m
Chong Cheong
Chief Administration Officer & Executive Director13.42yrsHK$1.64m0.44% HK$25.7m
Keng Cheong
Chief Project Officer & Executive Director36.42yrsHK$1.92m3.34% HK$195.0m
So Chan
Financial Controller30.42yrsno datano data
Mei Chan
Accounting Managerno datano datano data
Sau Ng
Company Secretary16.42yrsno datano data

16.4yrs

Average Tenure

63yo

Average Age

Experienced Management: 105's management team is seasoned and experienced (16.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Hooi Cheong
Executive Chairman & CEOno dataHK$2.30m0.58% HK$33.6m
Kheng Cheong
Executive Deputy Chairman & COO36.42yrsHK$3.32m7.11% HK$414.6m
Sim Cheong
Chief Investment Officer & Executive Director36.42yrsHK$2.20m0.51% HK$29.7m
Chong Cheong
Chief Administration Officer & Executive Director13.42yrsHK$1.64m0.44% HK$25.7m
Keng Cheong
Chief Project Officer & Executive Director36.42yrsHK$1.92m3.34% HK$195.0m
Chung Lee
Independent Non Executive Director16.42yrsHK$170.00kno data
Wan Chow
Independent Non-Executive Director16.42yrsHK$170.00kno data
Yiu Wong
Independent Non-Executive Director2.67yrsHK$170.00kno data

26.4yrs

Average Tenure

64.5yo

Average Age

Experienced Board: 105's board of directors are seasoned and experienced ( 26.4 years average tenure).


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Associated International Hotels Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Associated International Hotels Limited
  • Ticker: 105
  • Exchange: SEHK
  • Founded:
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: HK$5.832b
  • Shares outstanding: 360.00m
  • Website: https://aihl.etnet.com.hk

Number of Employees


Location

  • Associated International Hotels Limited
  • iSQUARE
  • 9th Floor
  • Tsim Sha Tsui
  • Kowloon
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
105SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJan 1992

Biography

Associated International Hotels Limited, an investment holding company, engages in the property investment activities in Hong Kong. As of March 31, 2019, its investment properties include iSQUARE complex in Tsim Sha Tsui; various units of Good Luck Industrial Building; a floor of Euro Trade Centre; various units of an industrial property; and two residential properties. The company is based in Tsim Sha Tsui, Hong Kong. Associated International Hotels Limited is a subsidiary of Tian Teck Land Limited. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/05 12:52
End of Day Share Price2020/06/04 00:00
Earnings2019/09/30
Annual Earnings2019/03/31


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.