SEHK:271

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Excellent balance sheet with moderate growth potential.


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


Market Performance


7 Day Return

0.6%

271

2.6%

HK Real Estate

2.4%

HK Market


1 Year Return

-60.4%

271

9.7%

HK Real Estate

0.4%

HK Market

Return vs Industry: 271 underperformed the Hong Kong Real Estate industry which returned 9.7% over the past year.

Return vs Market: 271 underperformed the Hong Kong Market which returned 0.4% over the past year.


Shareholder returns

271IndustryMarket
7 Day0.6%2.6%2.4%
30 Day-5.4%-1.8%-2.6%
90 Day-8.1%-11.6%-5.6%
1 Year-59.0%-60.4%13.9%9.7%4.0%0.4%
3 Year-16.3%-41.5%36.7%22.4%15.1%3.5%
5 Year220.0%102.6%59.4%33.8%20.3%0.3%

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?

19.87x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: 271 (HK$1.58) is trading above our estimate of fair value (HK$0.7)

Significantly Undervalued: 271 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 271 is poor value based on its PE Ratio (19.9x) compared to the Real Estate industry average (6.1x).

PE vs Market: 271 is poor value based on its PE Ratio (19.9x) compared to the Hong Kong market (10.3x).


Price to Earnings Growth Ratio

Low 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).


Next Steps

Future Growth

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

23.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 271's forecast earnings growth (23.1% per year) is above the savings rate (2%).

Earnings vs Market: 271's earnings (23.1% per year) are forecast to grow faster than the Hong Kong market (11.2% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if 271's revenue is forecast to grow faster than the Hong Kong market.

High Growth Revenue: Insufficient data to determine if 271'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 271's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Asiasec Properties performed over the past 5 years?

-16.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 271's earnings have declined by -16.2% per year over the past 5 years.

Accelerating Growth: 271's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 271 had negative earnings growth (-25.1%) over the past year, making it difficult to compare to the Real Estate industry average (-12.4%).


Return on Equity

High ROE: 271's Return on Equity (2.2%) is considered low.


Return on Assets

ROA vs Industry: 271's Return on Assets is below or equal to the Real Estate industry average last year.


Return on Capital Employed

ROCE Improving: 271's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Asiasec Properties's financial position?


Financial Position Analysis

Short Term Liabilities: 271's short term assets (HK$420.8M) exceeds its short term liabilities (HK$43.9M)

Long Term Liabilities: 271's short term assets (420.8M) exceeds its long term liabilities (174.2M)


Debt to Equity History and Analysis

Debt Level: 271's debt to equity ratio (0.2%) is considered satisfactory

Reducing Debt: Insufficient data to determine if 271's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 271's debt is well covered by operating cash flow (214.8%).

Interest Coverage: 271 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: 271 has a high level of physical assets or inventory.

Debt Coverage by Assets: 271's debt is covered by short term assets (assets are 41.110680x debt).


Next Steps

Dividend

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

6.33%

Current Dividend Yield


Dividend Yield vs Market

company6.3%marketbottom25%2.3%markettop25%6.3%industryaverage4.5%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: 271's dividend (6.33%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.26%).

High Dividend: 271's dividend (6.33%) is in the top 25% of dividend payers in the Hong Kong market (6.33%)

Stable Dividend: 271 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 271's dividend payments have increased, but the company has only paid a dividend for 7 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (125.8%), 271'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

  • Explore strong dividend paying companies in the Real Estate industry.

Management

What is the CEO of Asiasec Properties's salary, the management and board of directors tenure and is there insider trading?

2.6yrs

Average board tenure


CEO

Lee Shu Yin (52yo)

1.8yrs

Tenure

HK$2,211,000

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 has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the Hong Kong market.

Compensation vs Earnings: Insufficient data to compare Lee Shu's compensation with company performance.


Board Age and Tenure

2.6yrs

Average Tenure

55yo

Average Age

Experienced Board: 271's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.


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

  • Edwin Lo (58yo)

    Executive Director

    • Tenure: 2.9yrs
    • Compensation: HK$10.00k
  • Xiaoguo Ge (67yo)

    Assistant to Chief Executive

    • Tenure: 0yrs
  • Albert Fung (70yo)

    Financial Controller

    • Tenure: 0yrs
  • Patrick Lee (67yo)

    Chairman of the Board

    • Tenure: 1.8yrs
    • Compensation: HK$701.00k
  • Sunny Tao (55yo)

    Executive Director

    • Tenure: 2.9yrs
    • Compensation: HK$489.00k
  • Cynthia Chen (52yo)

    Company Secretary

    • Tenure: 8.3yrs
  • Lily Li (46yo)

    Human Resources Director

    • Tenure: 0yrs
  • Jianqiang Ye (41yo)

    Operation Director

    • Tenure: 0yrs
  • Lee Shu Yin (52yo)

    CEO & Executive Director

    • Tenure: 1.8yrs
    • Compensation: HK$2.21m

Board Members

  • Edwin Lo (58yo)

    Executive Director

    • Tenure: 2.9yrs
    • Compensation: HK$10.00k
  • Patrick Lee (67yo)

    Chairman of the Board

    • Tenure: 1.8yrs
    • Compensation: HK$701.00k
  • Lisa Yang (52yo)

    Independent Non-Executive Director

    • Tenure: 2.6yrs
    • Compensation: HK$96.00k
  • Sunny Tao (55yo)

    Executive Director

    • Tenure: 2.9yrs
    • Compensation: HK$489.00k
  • Chak Hung Li (54yo)

    Independent Non-Executive Director

    • Tenure: 2.6yrs
    • Compensation: HK$121.00k
  • Kin Man Choi (59yo)

    Independent Non-Executive Director

    • Tenure: 2.6yrs
    • Compensation: HK$96.00k
  • Lee Shu Yin (52yo)

    CEO & Executive Director

    • Tenure: 1.8yrs
    • Compensation: HK$2.21m

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$1.961b
  • Shares outstanding: 1.24b
  • Website: https://www.asiasec.com.hk

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
271SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJan 1992

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 Analysis2019/10/16 12:37
End of Day Share Price2019/10/16 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.