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.
Price History & Performance
|Historical stock prices|
|Current Share Price||HK$0.25|
|52 Week High||HK$0.22|
|52 Week Low||HK$0.70|
|1 Month Change||-9.09%|
|3 Month Change||-16.67%|
|1 Year Change||0%|
|3 Year Change||-35.90%|
|5 Year Change||-48.98%|
|Change since IPO||-88.49%|
Recent News & Updates
The Strong Earnings Posted By Asia Commercial Holdings (HKG:104) Are A Good Indication Of The Strength Of The Business
Asia Commercial Holdings Limited ( HKG:104 ) recently posted some strong earnings, and the market responded positively...
Is Asia Commercial Holdings (HKG:104) A Risky Investment?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Returns On Capital - An Important Metric For Asia Commercial Holdings (HKG:104)
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. One common...
Does Asia Commercial Holdings (HKG:104) Have A Healthy Balance Sheet?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
|104||HK Specialty Retail||HK Market|
Return vs Industry: 104 underperformed the Hong Kong Specialty Retail industry which returned 22% over the past year.
Return vs Market: 104 underperformed the Hong Kong Market which returned 5% over the past year.
Stable Share Price: 104 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: 104's weekly volatility (9%) has been stable over the past year.
About the Company
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 of Watches and Properties Leasing. It is also involved in the assembly and marketing of gold and jewelry watches; property holding, investment, and leasing activities; and brand development business.
Asia Commercial Holdings Fundamentals Summary
|104 fundamental statistics|
Is 104 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|104 income statement (TTM)|
|Cost of Revenue||HK$932.81m|
Last Reported Earnings
Mar 31, 2021
Next Earnings Date
|Earnings per share (EPS)||0.078|
|Net Profit Margin||5.03%|
How did 104 perform over the long term?See historical performance and comparison
Is Asia Commercial Holdings undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 104 (HK$0.25) is trading below our estimate of fair value (HK$4.89)
Significantly Below Fair Value: 104 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 104 is good value based on its PE Ratio (3.2x) compared to the Hong Kong Specialty Retail industry average (10.3x).
PE vs Market: 104 is good value based on its PE Ratio (3.2x) compared to the Hong Kong market (9.6x).
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 (0.5x) compared to the HK Specialty Retail industry average (1.1x).
How is Asia Commercial Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
How has Asia Commercial Holdings performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 104 has a large one-off gain of HK$16.0M impacting its March 31 2021 financial results.
Growing Profit Margin: 104 became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: 104 has become profitable over the past 5 years, growing earnings by -18.9% per year.
Accelerating Growth: 104 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: 104 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Specialty Retail industry (54.7%).
Return on Equity
High ROE: 104's Return on Equity (13.6%) is considered low.
How is Asia Commercial Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: 104's short term assets (HK$369.8M) exceed its short term liabilities (HK$349.4M).
Long Term Liabilities: 104's short term assets (HK$369.8M) exceed its long term liabilities (HK$56.6M).
Debt to Equity History and Analysis
Debt Level: 104's debt to equity ratio (40.1%) is considered high.
Reducing Debt: 104's debt to equity ratio has increased from 25.1% to 40.1% over the past 5 years.
Debt Coverage: 104's debt is well covered by operating cash flow (83.4%).
Interest Coverage: 104's interest payments on its debt are well covered by EBIT (9.6x coverage).
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.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Asia Commercial Holdings has no CEO, or we have no data on them.
Experienced Board: 104's board of directors are considered experienced (6.2 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Asia Commercial Holdings Limited's employee growth, exchange listings and data sources
- Name: Asia Commercial Holdings Limited
- Ticker: 104
- Exchange: SEHK
- Founded: NaN
- Industry: Specialty Stores
- Sector: Retail
- Market Cap: HK$186.781m
- Shares outstanding: 747.12m
- Website: https://www.asiacommercialholdings.com
Number of Employees
- Asia Commercial Holdings Limited
- The Hopewell Centre
- Room 3901
- Wan Chai
- Hong Kong
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/15 15:37|
|End of Day Share Price||2021/10/15 00:00|
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.