SEHK:194

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Liu Chong Hing Investment

Executive Summary

Liu Chong Hing Investment Limited, an investment holding company, engages in the investment, development, and management of real estate properties in Hong Kong and the People’s Republic of China. More Details


Snowflake Analysis

Excellent balance sheet average dividend payer.

Share Price & News

How has Liu Chong Hing Investment's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 194 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.0%

194

-2.2%

HK Real Estate

-2.8%

HK Market


1 Year Return

-42.6%

194

-15.1%

HK Real Estate

-1.7%

HK Market

Return vs Industry: 194 underperformed the Hong Kong Real Estate industry which returned -14.5% over the past year.

Return vs Market: 194 underperformed the Hong Kong Market which returned 0.5% over the past year.


Shareholder returns

194IndustryMarket
7 Day-1.0%-2.2%-2.8%
30 Day-1.1%-4.3%2.7%
90 Day-5.3%-6.4%-0.4%
1 Year-38.3%-42.6%-10.6%-15.1%2.3%-1.7%
3 Year-44.7%-53.9%-9.1%-23.4%-8.7%-18.6%
5 Year-12.4%-32.7%31.3%5.3%13.7%-5.4%

Price Volatility Vs. Market

How volatile is Liu Chong Hing Investment's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Liu Chong Hing Investment undervalued compared to its fair value and its price relative to the market?

15.78x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 194 (HK$6.22) is trading above our estimate of fair value (HK$5.44)

Significantly Below Fair Value: 194 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 194 is poor value based on its PE Ratio (15.8x) compared to the HK Real Estate industry average (8.7x).

PE vs Market: 194 is poor value based on its PE Ratio (15.8x) compared to the Hong Kong market (10.9x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 194's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 194 is good value based on its PB Ratio (0.2x) compared to the HK Real Estate industry average (0.4x).


Next Steps

Future Growth

How is Liu Chong Hing Investment forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

18.1%

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 Liu Chong Hing Investment 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 Liu Chong Hing Investment performed over the past 5 years?

7.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 194 has high quality earnings.

Growing Profit Margin: 194's current net profit margins (17.7%) are lower than last year (41.4%).


Past Earnings Growth Analysis

Earnings Trend: 194's earnings have grown by 7.2% per year over the past 5 years.

Accelerating Growth: 194's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 194 had negative earnings growth (-83.5%) over the past year, making it difficult to compare to the Real Estate industry average (-6.4%).


Return on Equity

High ROE: 194's Return on Equity (1.3%) is considered low.


Next Steps

Financial Health

How is Liu Chong Hing Investment's financial position?


Financial Position Analysis

Short Term Liabilities: 194's short term assets (HK$3.6B) exceed its short term liabilities (HK$871.6M).

Long Term Liabilities: 194's short term assets (HK$3.6B) exceed its long term liabilities (HK$1.4B).


Debt to Equity History and Analysis

Debt Level: 194's debt to equity ratio (12.8%) is considered satisfactory.

Reducing Debt: 194's debt to equity ratio has reduced from 28.6% to 12.8% over the past 5 years.

Debt Coverage: 194's debt is not well covered by operating cash flow (3.3%).

Interest Coverage: 194's interest payments on its debt are well covered by EBIT (5.5x coverage).


Balance Sheet


Next Steps

Dividend

What is Liu Chong Hing Investment current dividend yield, its reliability and sustainability?

9.65%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 194's dividend (9.65%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.26%).

High Dividend: 194's dividend (9.65%) is in the top 25% of dividend payers in the Hong Kong market (6.97%)


Stability and Growth of Payments

Stable Dividend: 194's dividends per share have been stable in the past 10 years.

Growing Dividend: 194's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (134.5%), 194'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.


Next Steps

Management

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

3.5yrs

Average management tenure


CEO

Lit Chi Liu (80 yo)

6.58yrs

Tenure

HK$10,150,000

Compensation

Mr. Lit Chi Liu has been the Chief Executive Officer of Liu Chong Hing Investment Limited since February 26, 2014. Mr. Liu serves as the Chief Executive Officer and Managing Director of Liu Chong Hing Bank ...


CEO Compensation Analysis

Compensation vs Market: Lit Chi's total compensation ($USD1.31M) is above average for companies of similar size in the Hong Kong market ($USD334.70K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Lit Chi Liu
Chairman of the Board6.58yrsHK$10.15m0.0063%
HK$ 149.8k
Kam Fai Liu
Deputy MD & Executive Director23.58yrsHK$6.47m0.73%
HK$ 17.2m
Wai Hung Lee
Company Secretary & Executive Director26.08yrsHK$4.28mno data
Chi Chung Luk
Head of Finance Management & Information Technology3.5yrsno datano data
Salla Tin
Head of Human Resources0.83yrno datano data
Eva Liu
Head of Property Development3.5yrsno datano data
Tse Hon Tong
Head of Leasing3.5yrsno datano data
Yuet Lam Yan
Head of China Budget Hotel3.5yrsno datano data
Sze Yuen Pan
Head of Project Development3.5yrsno datano data
Kwok Wai Jan
Head of China Property Development3.5yrsno datano data
Shuk Yee Hung
Head of Property & Facilities Management Department3.42yrsno datano data

3.5yrs

Average Tenure

54yo

Average Age

Experienced Management: 194's management team is considered experienced (3.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Lit Chi Liu
Chairman of the Board6.58yrsHK$10.15m0.0063%
HK$ 149.8k
Kam Fai Liu
Deputy MD & Executive Director23.58yrsHK$6.47m0.73%
HK$ 17.2m
Wai Hung Lee
Company Secretary & Executive Director26.08yrsHK$4.28mno data
Mo Chi Cheng
Independent Non Executive Director21.17yrsHK$300.00kno data
Lit Man Liu
Honorary Chairman10.92yrsHK$120.00kno data
Yuk Wo Cheng
Independent Non-Executive Director6.58yrsHK$300.00kno data
Hung Ming Ma
Independent Non-Executive Director7.83yrsHK$300.00kno data
Eng Tjoan Kho
Non-Executive Director9.42yrsHK$300.00kno data
Kam Yuen Au
Independent Non-Executive Director8.75yrsHK$300.00kno data
Tsun Sum Tong
Independent Non-Executive Director2.58yrsHK$300.00kno data

9.1yrs

Average Tenure

59yo

Average Age

Experienced Board: 194's board of directors are considered experienced (9.1 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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Liu Chong Hing Investment Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Liu Chong Hing Investment Limited
  • Ticker: 194
  • Exchange: SEHK
  • Founded: 1970
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: HK$2.362b
  • Shares outstanding: 378.58m
  • Website: https://www.lchi.com.hk

Number of Employees


Location

  • Liu Chong Hing Investment Limited
  • Chong Hing Bank Centre
  • 23rd Floor
  • Central
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
194SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJan 1992

Biography

Liu Chong Hing Investment Limited, an investment holding company, engages in the investment, development, and management of real estate properties in Hong Kong and the People’s Republic of China. The compa ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/30 12:44
End of Day Share Price2020/10/30 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.