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.


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

8.3%

129

4.8%

HK Real Estate

3.1%

HK Market


1 Year Return

-9.7%

129

11.7%

HK Real Estate

0.5%

HK Market

Return vs Industry: 129 underperformed the Hong Kong Real Estate industry which returned 11.7% over the past year.

Return vs Market: 129 underperformed the Hong Kong Market which returned 0.5% over the past year.


Shareholder returns

129IndustryMarket
7 Day8.3%4.8%3.1%
30 Day2.3%1.2%-1.8%
90 Day-16.0%-9.1%-4.8%
1 Year-7.7%-9.7%16.0%11.7%4.1%0.5%
3 Year-15.7%-20.1%39.1%24.7%15.8%4.2%
5 Year-21.9%-29.6%60.5%34.7%18.9%-0.9%

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 compared to its fair value and its price relative to the market?

1.24x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: 129 (HK$1.31) is trading above our estimate of fair value (HK$0.31)

Significantly Undervalued: 129 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 129 is good value based on its PE Ratio (1.2x) compared to the Real Estate industry average (6.1x).

PE vs Market: 129 is good value based on its PE Ratio (1.2x) compared to the Hong Kong market (10.3x).


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate 129's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 129 is good value based on its PB Ratio (0.1x) compared to the HK Real Estate industry average (0.5x).


Next Steps

Future Growth

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

10.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 129's forecast earnings growth (10.3% per year) is above the savings rate (2%).

Earnings vs Market: 129's earnings (10.3% per year) are forecast to grow slower than the Hong Kong market (11.3% per year).

High Growth Earnings: 129's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if 129's revenue is forecast to grow faster than the Hong Kong market.

High Growth Revenue: Insufficient data to determine if 129's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if 129's Return on Equity is forecast to be high in 3 years time


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

Earnings Trend: 129's earnings have grown by 7.2% per year over the past 5 years.

Accelerating Growth: 129's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 129 had negative earnings growth (-5.1%) over the past year, making it difficult to compare to the Real Estate industry average (-12.4%).


Return on Equity

High ROE: 129's Return on Equity (7.1%) is considered low.


Return on Assets

ROA vs Industry: 129 has a higher Return on Assets than the Real Estate industry average last year.


Return on Capital Employed

ROCE Improving: 129 has improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Asia Standard International Group's financial position?


Financial Position Analysis

Short Term Liabilities: 129's short term assets (HK$17.9B) exceeds its short term liabilities (HK$4.9B)

Long Term Liabilities: 129's short term assets (17.9B) exceeds its long term liabilities (12.6B)


Debt to Equity History and Analysis

Debt Level: 129's debt to equity ratio (80.8%) is considered high

Reducing Debt: 129's debt to equity ratio has increased from 35.9% to 80.8% over the past 5 years.

Debt Coverage: 129's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 129's interest payments on its debt are not well covered by EBIT (2.6x coverage).


Balance Sheet

Inventory Level: 129 has a low level of unsold assets or inventory.

Debt Coverage by Assets: 129's debt is covered by short term assets (assets are 1.083620x debt).


Next Steps

Dividend

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

2.06%

Current Dividend Yield


Dividend Yield vs Market

company2.1%marketbottom25%2.3%markettop25%6.3%industryaverage4.4%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: 129's dividend (2.06%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.27%).

High Dividend: 129's dividend (2.06%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.25%).

Stable Dividend: 129's dividend payments have been volatile in the past 10 years.

Growing Dividend: 129's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (2.6%), 129's dividend payments are thoroughly 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.


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?

25.8yrs

Average management tenure


CEO

Richard Poon (64yo)

35.8yrs

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

Compensation vs. Market: Richard's total compensation ($USD2.96M) is about average for companies of similar size in the Hong Kong market ($USD287.08K).

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


Management Age and Tenure

25.8yrs

Average Tenure

55yo

Average Age

Experienced Management: 129's management team is seasoned and experienced (25.8 years average tenure).


Board Age and Tenure

19.8yrs

Average Tenure

62yo

Average Age

Experienced Board: 129's board of directors are seasoned and experienced ( 19.8 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Richard Poon (64yo)

    MD, CEO & Executive Director

    • Tenure: 35.8yrs
    • Compensation: HK$23.24m
  • Ricky Lun (55yo)

    Finance Director & Executive Director

    • Tenure: 25.8yrs
    • Compensation: HK$3.54m
  • Phileas Kwan (60yo)

    Executive Director

    • Tenure: 33.8yrs
    • 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: 5.8yrs
  • Richard Poon (33yo)

    Executive Director

    • Tenure: 7.3yrs
    • 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: 35.8yrs
    • Compensation: HK$23.24m
  • Ricky Lun (55yo)

    Finance Director & Executive Director

    • Tenure: 25.8yrs
    • Compensation: HK$3.54m
  • Phileas Kwan (60yo)

    Executive Director

    • Tenure: 33.8yrs
    • 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: 15.1yrs
    • Compensation: HK$200.00k
  • Richard Poon (33yo)

    Executive Director

    • Tenure: 7.3yrs
    • 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$1.623b
  • 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 Analysis2019/10/17 12:34
End of Day Share Price2019/10/17 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.