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191

Lai Sun Garment (International)SEHK:191 Stock Report

Market Cap

HK$2.8b

7D

2.8%

1Y

-38.5%

Updated

18 Oct, 2021

Data

Company Financials
191 fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance0/6
Financial Health1/6
Dividends0/6

191 Overview

Lai Sun Garment (International) Limited, an investment holding company, invests in, develops, leases, manages, and sells properties.

Lai Sun Garment (International) Competitors

Melbourne Enterprises

SEHK:158

HK$3.7b

Sansheng Holdings (Group)

SEHK:2183

HK$1.9b

Safety Godown Company

SEHK:237

HK$1.4b

Tai Sang Land Development

SEHK:89

HK$1.2b

Price History & Performance

Summary of all time highs, changes and price drops for Lai Sun Garment (International)
Historical stock prices
Current Share PriceHK$4.80
52 Week HighHK$3.05
52 Week LowHK$7.70
Beta0.41
1 Month Change-10.78%
3 Month Change54.84%
1 Year Change-38.46%
3 Year Change-51.12%
5 Year Change-42.17%
Change since IPO-88.15%

Recent News & Updates

May 06
Lai Sun Garment (International) (HKG:191) Has Debt But No Earnings; Should You Worry?

Lai Sun Garment (International) (HKG:191) Has Debt But No Earnings; Should You Worry?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Mar 14
Is Lai Sun Garment (International) Limited (HKG:191) Popular Amongst Insiders?

Is Lai Sun Garment (International) Limited (HKG:191) Popular Amongst Insiders?

A look at the shareholders of Lai Sun Garment (International) Limited ( HKG:191 ) can tell us which group is most...

Feb 07
The Lai Sun Garment (International) (HKG:191) Share Price Is Up 59% And Shareholders Are Holding On

The Lai Sun Garment (International) (HKG:191) Share Price Is Up 59% And Shareholders Are Holding On

When we invest, we're generally looking for stocks that outperform the market average. And while active stock picking...

Shareholder Returns

191HK Real EstateHK Market
7D2.8%0.03%1.1%
1Y-38.5%-12.5%5.3%

Return vs Industry: 191 underperformed the Hong Kong Real Estate industry which returned -12.5% over the past year.

Return vs Market: 191 underperformed the Hong Kong Market which returned 5.3% over the past year.

Price Volatility

Is 191's price volatile compared to industry and market?
191 volatility
191 Beta0.41
Industry Beta0.85
Market Beta1

Stable Share Price: 191 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: 191's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19474,500Chai Tuck Yiphttps://www.laisun.com/lai-sun-garment/en-US

Lai Sun Garment (International) Limited, an investment holding company, invests in, develops, leases, manages, and sells properties. The company operates through Property Development and Sales, Property Investment, Hotel Operation, Restaurant Operation, Media and Entertainment, Film and TV Program, Cinema Operation, Theme Park Operation, and Others segments. Its property portfolio includes commercial/retail, office, industrial, residential, and hotel/serviced apartment properties.

Lai Sun Garment (International) Fundamentals Summary

How do Lai Sun Garment (International)'s earnings and revenue compare to its market cap?
191 fundamental statistics
Market CapHK$2.83b
Earnings (TTM)-HK$2.01b
Revenue (TTM)HK$5.38b

0.5x

P/S Ratio

-1.4x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
191 income statement (TTM)
RevenueHK$5.38b
Cost of RevenueHK$4.02b
Gross ProfitHK$1.35b
ExpensesHK$3.36b
Earnings-HK$2.01b

Last Reported Earnings

Jan 31, 2021

Next Earnings Date

Oct 22, 2021

Earnings per share (EPS)-3.41
Gross Margin25.18%
Net Profit Margin-37.38%
Debt/Equity Ratio51.5%

How did 191 perform over the long term?

See historical performance and comparison

Valuation

Is Lai Sun Garment (International) undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 191 (HK$4.8) is trading below our estimate of fair value (HK$39.62)

Significantly Below Fair Value: 191 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 191 is unprofitable, so we can't compare its PE Ratio to the Hong Kong Real Estate industry average.

PE vs Market: 191 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 191's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 191 is good value based on its PB Ratio (0.1x) compared to the HK Real Estate industry average (0.4x).


Future Growth

How is Lai Sun Garment (International) forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

18.0%

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 Lai Sun Garment (International) 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.


Past Performance

How has Lai Sun Garment (International) performed over the past 5 years?

-24.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 191 is currently unprofitable.

Growing Profit Margin: 191 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 191 is unprofitable, and losses have increased over the past 5 years at a rate of 24% per year.

Accelerating Growth: Unable to compare 191's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 191 is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (23.4%).


Return on Equity

High ROE: 191 has a negative Return on Equity (-9.1%), as it is currently unprofitable.


Financial Health

How is Lai Sun Garment (International)'s financial position?


Financial Position Analysis

Short Term Liabilities: 191's short term assets (HK$19.8B) exceed its short term liabilities (HK$10.4B).

Long Term Liabilities: 191's short term assets (HK$19.8B) do not cover its long term liabilities (HK$26.9B).


Debt to Equity History and Analysis

Debt Level: 191's debt to equity ratio (51.5%) is considered high.

Reducing Debt: 191's debt to equity ratio has increased from 36.9% to 51.5% over the past 5 years.

Debt Coverage: 191's debt is not well covered by operating cash flow (2.8%).

Interest Coverage: Insufficient data to determine if 191's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is Lai Sun Garment (International) current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 191's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 191's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 191's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 191's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 191 is not paying a notable dividend for the Hong Kong market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 191's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

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

8.2yrs

Average management tenure


CEO

Chai Tuck Yip (47 yo)

8.17yrs

Tenure

HK$9,973,000

Compensation

Mr. Chai Tuck Yip has been the Chief Executive Officer of Lai Sun Garment (International) Limited since August 19, 2013. Mr. Yip has extensive experience in corporate advisory, business development and inv...


CEO Compensation Analysis

Compensation vs Market: Chai Tuck's total compensation ($USD1.28M) is above average for companies of similar size in the Hong Kong market ($USD342.08K).

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


Leadership Team

Experienced Management: 191's management team is seasoned and experienced (8.2 years average tenure).


Board Members

Experienced Board: 191's board of directors are seasoned and experienced ( 16.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: 191 insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 50%.


Top Shareholders

Company Information

Lai Sun Garment (International) Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Lai Sun Garment (International) Limited
  • Ticker: 191
  • Exchange: SEHK
  • Founded: 1947
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: HK$2.827b
  • Shares outstanding: 588.92m
  • Website: https://www.laisun.com/lai-sun-garment/en-US

Number of Employees


Location

  • Lai Sun Garment (International) Limited
  • AIA Central
  • 19th Floor
  • Central
  • Hong Kong

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/18 15:10
End of Day Share Price2021/10/18 00:00
Earnings2021/01/31
Annual Earnings2020/07/31


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.