SEHK:104

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Asia Commercial Holdings

Executive Summary

Asia Commercial Holdings Limited, an investment holding company, engages in the retail and wholesale of watches in the People’s Republic of China and Switzerland.

Risk Analysis

Does not have a meaningful market cap (HK$254M)



Snowflake Analysis

Overvalued with worrying balance sheet.

Share Price & News

How has Asia Commercial Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 104 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

104

2.9%

HK Specialty Retail

0.7%

HK Market


1 Year Return

-37.0%

104

27.7%

HK Specialty Retail

0.4%

HK Market

Return vs Industry: 104 underperformed the Hong Kong Specialty Retail industry which returned 27.7% over the past year.

Return vs Market: 104 underperformed the Hong Kong Market which returned 0.4% over the past year.


Shareholder returns

104IndustryMarket
7 Day0%2.9%0.7%
30 Day-5.6%-0.5%-1.0%
90 Day-6.8%25.3%9.6%
1 Year-33.4%-37.0%33.0%27.7%4.5%0.4%
3 Year7.2%-8.6%22.7%9.5%0.2%-10.6%
5 Year-17.0%-29.2%49.8%22.4%9.9%-8.5%

Price Volatility Vs. Market

How volatile is Asia Commercial Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Asia Commercial Holdings undervalued compared to its fair value and its price relative to the market?

0.74x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: 104 (HK$0.34) is trading above our estimate of fair value (HK$0.08)

Significantly Below Fair Value: 104 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 104 is unprofitable, so we can't compare its PE Ratio to the HK Specialty Retail industry average.

PE vs Market: 104 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 104's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 104 is good value based on its PB Ratio (0.7x) compared to the HK Specialty Retail industry average (0.9x).


Next Steps

Future Growth

How is Asia Commercial Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

23.3%

Forecasted Retail 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 Asia Commercial Holdings 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 Asia Commercial Holdings performed over the past 5 years?

18.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 104 is currently unprofitable.

Growing Profit Margin: 104 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 104 is unprofitable, but has reduced losses over the past 5 years at a rate of 18.6% per year.

Accelerating Growth: Unable to compare 104's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 104 is unprofitable, making it difficult to compare its past year earnings growth to the Specialty Retail industry (-24.9%).


Return on Equity

High ROE: 104 has a negative Return on Equity (-43.56%), as it is currently unprofitable.


Next Steps

Financial Health

How is Asia Commercial Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 104's short term assets (HK$321.5M) do not cover its short term liabilities (HK$343.5M).

Long Term Liabilities: 104's short term assets (HK$321.5M) exceed its long term liabilities (HK$121.9M).


Debt to Equity History and Analysis

Debt Level: 104's debt to equity ratio (47.3%) is considered high.

Reducing Debt: 104's debt to equity ratio has increased from 26.3% to 47.3% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Insufficient data to determine if 104 has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if 104 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Asia Commercial Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 104's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 104'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 104's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 104's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 104 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 104'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?

13.7yrs

Average board tenure


CEO

Asia Commercial Holdings has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
Yin Eav
Founder & Executive Chairman13.75yrsHK$6.05m52.41%
HK$ 133.1m
Xin Qi Eav
Executive Director5yrsHK$842.00k0.11%
HK$ 276.1k
Feng Ming Eav
Consultant & Executive Director1.83yrsHK$2.55m0.095%
HK$ 240.5k
Siming Lai
Independent Non-Executive Director22yrsHK$238.00kno data
Tat Cheung Lee
Independent Non-Executive Director13.67yrsHK$238.00kno data

13.7yrs

Average Tenure

50yo

Average Age

Experienced Board: 104's board of directors are seasoned and experienced ( 13.7 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

Asia Commercial Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Asia Commercial Holdings Limited
  • Ticker: 104
  • Exchange: SEHK
  • Founded:
  • Industry: Specialty Stores
  • Sector: Retail
  • Market Cap: HK$254.022m
  • Shares outstanding: 747.12m
  • Website: https://www.asiacommercialholdings.com

Number of Employees


Location

  • Asia Commercial Holdings Limited
  • The Hopewell Centre
  • Room 3901
  • Wan Chai
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
104SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDNov 1987

Biography

Asia Commercial Holdings Limited, an investment holding company, engages in the retail and wholesale of watches in the People’s Republic of China and Switzerland. The company operates in two segments, Sale ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/03 12:55
End of Day Share Price2020/07/31 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


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.