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Market Cap

HK$1.5b

Last Updated

2021/05/11 10:12 UTC

Data Sources

Company Financials

Executive Summary

Asiasec Properties Limited, an investment holding company, engages in property investment, property leasing, and estate management businesses primarily in Hong Kong. More Details


Snowflake Analysis

Flawless balance sheet and overvalued.


Similar Companies

Share Price & News

How has Asiasec Properties's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 271 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: 271's weekly volatility (2%) has been stable over the past year.


Market Performance


7 Day Return

-0.8%

271

0.6%

HK Real Estate

0.4%

HK Market


1 Year Return

3.3%

271

5.0%

HK Real Estate

24.5%

HK Market

Return vs Industry: 271 underperformed the Hong Kong Real Estate industry which returned 5% over the past year.

Return vs Market: 271 underperformed the Hong Kong Market which returned 24.5% over the past year.


Shareholder returns

271IndustryMarket
7 Day-0.8%0.6%0.4%
30 Day2.5%-0.8%-0.7%
90 Day-1.6%6.4%-3.9%
1 Year3.3%3.3%10.1%5.0%29.3%24.5%
3 Year-52.0%-54.6%-7.6%-19.3%2.5%-8.3%
5 Year29.4%-19.0%68.7%34.3%62.1%34.7%

Long-Term Price Volatility Vs. Market

How volatile is Asiasec Properties's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Asiasec Properties undervalued compared to its fair value and its price relative to the market?

0.35x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 271's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 271's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 271 is unprofitable, so we can't compare its PE Ratio to the Hong Kong Real Estate industry average.

PE vs Market: 271 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 271's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 271 is good value based on its PB Ratio (0.4x) compared to the HK Real Estate industry average (0.5x).


Future Growth

How is Asiasec Properties forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

20.4%

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 Asiasec Properties 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 Asiasec Properties performed over the past 5 years?

-28.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 271 is currently unprofitable.

Growing Profit Margin: 271 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 271 is unprofitable, and losses have increased over the past 5 years at a rate of 28.7% per year.

Accelerating Growth: Unable to compare 271's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 271 is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (5.9%).


Return on Equity

High ROE: 271 has a negative Return on Equity (-1.3%), as it is currently unprofitable.


Financial Health

How is Asiasec Properties's financial position?


Financial Position Analysis

Short Term Liabilities: 271's short term assets (HK$445.8M) exceed its short term liabilities (HK$31.7M).

Long Term Liabilities: 271's short term assets (HK$445.8M) exceed its long term liabilities (HK$166.8M).


Debt to Equity History and Analysis

Debt Level: 271 is debt free.

Reducing Debt: 271 had no debt 5 years ago.

Debt Coverage: 271 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 271 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Asiasec Properties's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 271's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 271'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 271's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 271's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 271 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 271'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?

4.2yrs

Average board tenure


CEO

Lee Shu Yin (53 yo)

3.33yrs

Tenure

HK$4,335,000

Compensation

Mr. Lee Shu Yin has been Chief Executive Officer and Executive Director of Asiasec Properties Ltd since January 4, 2018. He has over twenty years of experience in corporate finance, investment and manageme...


CEO Compensation Analysis

Compensation vs Market: Lee Shu's total compensation ($USD558.27K) is above average for companies of similar size in the Hong Kong market ($USD293.94K).

Compensation vs Earnings: Lee Shu's compensation has increased whilst the company is unprofitable.


Board Members

Experienced Board: 271's board of directors are considered experienced (4.2 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

Asiasec Properties Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Asiasec Properties Limited
  • Ticker: 271
  • Exchange: SEHK
  • Founded: 1973
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: HK$1.526b
  • Shares outstanding: 1.24b
  • Website: https://www.asiasec.com.hk

Number of Employees


Location

  • Asiasec Properties Limited
  • Allied Kajima Building
  • 9th Floor
  • Wan Chai
  • Hong Kong

Listings


Biography

Asiasec Properties Limited, an investment holding company, engages in property investment, property leasing, and estate management businesses primarily in Hong Kong. The company’s investment properties inc...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/11 10:12
End of Day Share Price2021/05/11 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.