SEHK:129

Stock Analysis Report

Asia Standard International Group

Executive Summary

Asia Standard International Group Limited, an investment holding company, invests in, develops, and manages commercial, residential, retail, and hotel properties in Hong Kong, China, and internationally.

Snowflake

Fundamentals

Fair value with acceptable track record.

Risks

  • Asia Standard International Group is not covered by any analysts.

Similar Companies

Share Price & News

How has Asia Standard International Group's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-2.3%

SEHK:129

0.8%

HK Real Estate

0.7%

HK Market


1 Year Return

-20.5%

SEHK:129

-4.5%

HK Real Estate

-5.3%

HK Market

129 underperformed the Real Estate industry which returned -2.8% over the past year.

129 underperformed the Market in Hong Kong which returned -3.3% over the past year.


Share holder returns

129IndustryMarket
7 Day-2.3%0.8%0.7%
30 Day-2.3%1.5%4.9%
90 Day-11.7%-9.9%-3.7%
1 Year-18.7%-20.5%-0.4%-4.5%-1.8%-5.3%
3 Year-18.6%-22.9%33.7%19.5%16.4%4.6%
5 Year-29.0%-36.0%54.3%27.9%18.0%-1.7%

Price Volatility Vs. Market

How volatile is Asia Standard International Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Asia Standard International Group undervalued based on future cash flows and its price relative to the stock market?

1.22x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Asia Standard International Group's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Asia Standard International Group's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Asia Standard International Group is good value based on earnings compared to the HK Real Estate industry average.

Asia Standard International Group is good value based on earnings compared to the Hong Kong market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Asia Standard International Group, we can't assess if its growth is good value.


Price Based on Value of Assets

Asia Standard International Group is good value based on assets compared to the HK Real Estate industry average.


Next Steps

Future Growth

How is Asia Standard International Group expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

10.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Asia Standard International Group is high growth as no revenue estimate data is available.

Asia Standard International Group's earnings are expected to grow by 10.1% yearly, however this is not considered high growth (20% yearly).

Unable to compare Asia Standard International Group's revenue growth to the Hong Kong market average as no estimate data is available.

Asia Standard International Group's earnings growth is positive but not above the Hong Kong market average.

Asia Standard International Group's earnings growth is expected to exceed the low risk savings rate of 2%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Asia Standard International Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Asia Standard International Group performed over the past 5 years?

7.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Asia Standard International Group's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.

Asia Standard International Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Asia Standard International Group's 1-year earnings growth is negative, it can't be compared to the HK Real Estate industry average.


Return on Equity

Asia Standard International Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Asia Standard International Group used its assets more efficiently than the HK Real Estate industry average last year based on Return on Assets.


Return on Capital Employed

Asia Standard International Group has improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Asia Standard International Group's financial position?


Financial Position Analysis

Asia Standard International Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Asia Standard International Group's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Asia Standard International Group's level of debt (80.8%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (35.9% vs 80.8% today).

Operating cash flow is negative therefore debt is not well covered.

Interest payments on debt are not well covered by earnings (EBIT is 2.6x annual interest expense, ideally 3x coverage).


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 1.1x debt.


Next Steps

Dividend

What is Asia Standard International Group's current dividend yield, its reliability and sustainability?

2.11%

Current Dividend Yield


Dividend Yield and Payments Analysis

Asia Standard International Group's pays a lower dividend yield than the bottom 25% of dividend payers in Hong Kong (2.19%).

Asia Standard International Group's dividend is below the markets top 25% of dividend payers in Hong Kong (6.08%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are thoroughly covered by earnings (39x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Asia Standard International Group's salary, the management and board of directors tenure and is there insider trading?

25.7yrs

Average management tenure


CEO

Richard Poon (64yo)

35.7yrs

Tenure

HK$23,240,000

Compensation

Mr. Jing Poon, also known as Richard, serves as Chief Executive and Executive Director of Asia Standard International Group Ltd. since 1984. Mr. Poon serves as the Managing Director of Asia Orient Holdings ...


CEO Compensation Analysis

Richard's remuneration is higher than average for companies of similar size in Hong Kong.

Richard's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

25.7yrs

Average Tenure

55yo

Average Age

The average tenure for the Asia Standard International Group management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

19.8yrs

Average Tenure

62yo

Average Age

The average tenure for the Asia Standard International Group board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Richard Poon (64yo)

    MD, CEO & Executive Director

    • Tenure: 35.7yrs
    • Compensation: HK$23.24m
  • Ricky Lun (55yo)

    Finance Director & Executive Director

    • Tenure: 25.7yrs
    • Compensation: HK$3.54m
  • Phileas Kwan (60yo)

    Executive Director

    • Tenure: 33.7yrs
    • Compensation: HK$4.75m
  • Yin Cheng Lim (74yo)

    Deputy Chairman & CEO of Asia Standard Hotel

    • Tenure: 0yrs
    • Compensation: HK$1.56m
  • Clement Fung (70yo)

    Executive Chairman of the Board

    • Tenure: 0yrs
    • Compensation: HK$2.93m
  • Joseph Woo (55yo)

    Executive Director & Group Financial Controller of Asia Standard Hotel

    • Tenure: 0yrs
  • Kwok Lui Tung (46yo)

    Company Secretary

    • Tenure: 5.7yrs
  • Richard Poon (33yo)

    Executive Director

    • Tenure: 7.2yrs
    • Compensation: HK$15.18m
  • Roderick Poon (30yo)

    Executive Director

    • Tenure: 3.8yrs
    • Compensation: HK$12.47m
  • Patrick Lok

    Finance Manager

    • Tenure: 0yrs

Board Members

  • Richard Poon (64yo)

    MD, CEO & Executive Director

    • Tenure: 35.7yrs
    • Compensation: HK$23.24m
  • Ricky Lun (55yo)

    Finance Director & Executive Director

    • Tenure: 25.7yrs
    • Compensation: HK$3.54m
  • Phileas Kwan (60yo)

    Executive Director

    • Tenure: 33.7yrs
    • Compensation: HK$4.75m
  • Yin Cheng Lim (74yo)

    Deputy Chairman & CEO of Asia Standard Hotel

    • Tenure: 0yrs
    • Compensation: HK$1.56m
  • Clement Fung (70yo)

    Executive Chairman of the Board

    • Tenure: 0yrs
    • Compensation: HK$2.93m
  • Alan Koon (78yo)

    Independent Non-Executive Director

    • Tenure: 19.8yrs
    • Compensation: HK$250.00k
  • Joseph Woo (55yo)

    Executive Director & Group Financial Controller of Asia Standard Hotel

    • Tenure: 0yrs
  • Chi Keung Wong (64yo)

    Independent Non-Executive Director

    • Tenure: 15yrs
    • Compensation: HK$200.00k
  • Richard Poon (33yo)

    Executive Director

    • Tenure: 7.2yrs
    • Compensation: HK$15.18m
  • Roderick Poon (30yo)

    Executive Director

    • Tenure: 3.8yrs
    • Compensation: HK$12.47m

Company Information

Asia Standard International Group Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Asia Standard International Group Limited
  • Ticker: 129
  • Exchange: SEHK
  • Founded: 1984
  • Industry: Diversified Real Estate Activities
  • Sector: Real Estate
  • Market Cap: HK$1.676b
  • Shares outstanding: 1.32b
  • Website: https://www.asiastandard.com

Number of Employees


Location

  • Asia Standard International Group Limited
  • YF Life Tower
  • 30th Floor
  • Wanchai
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
129SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJan 1992
ASAS.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992

Biography

Asia Standard International Group Limited, an investment holding company, invests in, develops, and manages commercial, residential, retail, and hotel properties in Hong Kong, China, and internationally. I ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/17 12:34
End of Day Share Price2019/09/17 00:00
Earnings2019/03/31
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.