SGX:BTE

Stock Analysis Report

Bund Center Investment

Executive Summary

Bund Center Investment Ltd, an investment holding company, owns a hotel; and owns and manages commercial and retail properties in the People’s Republic of China.

Snowflake

Fundamentals

Flawless balance sheet unattractive dividend payer.

Share Price & News

How has Bund Center Investment's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-1.9%

BTE

-1.1%

SG Real Estate

-0.7%

SG Market


1 Year Return

-11.9%

BTE

0.6%

SG Real Estate

4.0%

SG Market

Return vs Industry: BTE underperformed the SG Real Estate industry which returned 0.6% over the past year.

Return vs Market: BTE underperformed the SG Market which returned 4% over the past year.


Shareholder returns

BTEIndustryMarket
7 Day-1.9%-1.1%-0.7%
30 Day-4.6%-1.0%1.3%
90 Day-1.9%0.2%2.0%
1 Year-8.4%-11.9%3.7%0.6%8.2%4.0%
3 Year-19.6%-27.8%7.0%-1.5%19.0%6.3%
5 Year-22.8%-34.3%-0.1%-13.3%10.9%-7.6%

Price Volatility Vs. Market

How volatile is Bund Center Investment's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Bund Center Investment undervalued compared to its fair value and its price relative to the market?

33.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BTE (SGD0.52) is trading below our estimate of fair value (SGD0.78)

Significantly Below Fair Value: BTE is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: BTE is poor value based on its PE Ratio (15.7x) compared to the Real Estate industry average (10x).

PE vs Market: BTE is poor value based on its PE Ratio (15.7x) compared to the SG market (13.2x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: BTE is overvalued based on its PB Ratio (0.9x) compared to the SG Real Estate industry average (0.5x).


Next Steps

Future Growth

How is Bund Center Investment forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

4.4%

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 Bund Center 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 Bund Center Investment performed over the past 5 years?

-5.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BTE has high quality earnings.

Growing Profit Margin: BTE's current net profit margins (22.5%) are lower than last year (23.1%).


Past Earnings Growth Analysis

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

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

Earnings vs Industry: BTE had negative earnings growth (-9.3%) over the past year, making it difficult to compare to the Real Estate industry average (-9.3%).


Return on Equity

High ROE: BTE's Return on Equity (5.8%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Bund Center Investment's financial position?


Financial Position Analysis

Short Term Liabilities: BTE's short term assets (SGD150.5M) exceeds its short term liabilities (SGD20.7M)

Long Term Liabilities: BTE's short term assets (SGD150.5M) exceeds its long term liabilities (17.0M)


Debt to Equity History and Analysis

Debt Level: BTE is debt free.

Reducing Debt: BTE has no debt compared to 5 years ago when its debt to equity ratio was 12.1%.

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

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


Balance Sheet

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

Debt Coverage by Assets: BTE's debt is not covered by short term assets (assets are -1.0846973745718E+19x debt).


Next Steps

Dividend

What is Bund Center Investment's current dividend yield, its reliability and sustainability?

4.23%

Current Dividend Yield


Dividend Yield vs Market

company4.2%marketbottom25%2.5%markettop25%5.5%industryaverage3.3%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: BTE's dividend (4.23%) is higher than the bottom 25% of dividend payers in the SG market (2.5%).

High Dividend: BTE's dividend (4.23%) is low compared to the top 25% of dividend payers in the SG market (5.5%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (66.4%), BTE's dividend payments are 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

What is the CEO of Bund Center Investment's salary, the management and board of directors tenure and is there insider trading?

9.8yrs

Average board tenure


CEO

Djafar Widjaja (62yo)

10.8yrs

Tenure

0

Mr. Frankle Widjaja, also known as Djafar, serves as the Executive Chairman of Bund Center Investment Ltd and has been its Chief Executive Officer since 2009. Mr. Widjaja is primarily responsible for all a ...


Board Age and Tenure

9.8yrs

Average Tenure

62yo

Average Age

Experienced Board: BTE's board of directors are considered experienced (9.8 years average tenure).


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

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


Management Team

  • Djafar Widjaja (62yo)

    Executive Chairman & CEO

    • Tenure: 10.8yrs
  • Kimberley Lye

    Company Secretary

    • Tenure: 0yrs
  • Yow Foo Chew (59yo)

    CFO & Executive Director

    • Tenure: 10.2yrs
  • Deborah Widjaja (35yo)

    Deputy CEO & Executive Director

    • Tenure: 7.5yrs
  • Lai Foong Nin

    Head of Internal Audit - Monitoring Function

    • Tenure: 0yrs
  • John Woo

    Chief Risk Officer

    • Tenure: 0yrs

Board Members

  • Djafar Widjaja (62yo)

    Executive Chairman & CEO

    • Tenure: 10.8yrs
  • Meng-Kee Foo (69yo)

    Independent Director

    • Tenure: 1.5yrs
  • Franky Widjaja (61yo)

    Non-Executive Director

    • Tenure: 10.2yrs
  • Steven Lim (63yo)

    Lead Independent Director

    • Tenure: 0yrs
  • Yow Foo Chew (59yo)

    CFO & Executive Director

    • Tenure: 10.2yrs
  • Willy Shee (70yo)

    Independent Director

    • Tenure: 9.8yrs
  • Deborah Widjaja (35yo)

    Deputy CEO & Executive Director

    • Tenure: 7.5yrs

Company Information

Bund Center Investment Ltd's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bund Center Investment Ltd
  • Ticker: BTE
  • Exchange: SGX
  • Founded: 2009
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: S$402.147m
  • Shares outstanding: 758.77m
  • Website: https://www.bundcenter.com

Location

  • Bund Center Investment Ltd
  • No. 17-07 Shenton House
  • 3 Shenton Way
  • Singapore
  • 68805
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BTESGX (Singapore Exchange)YesOrdinary SharesSGSGDJun 2010

Biography

Bund Center Investment Ltd, an investment holding company, owns a hotel; and owns and manages commercial and retail properties in the People’s Republic of China. It operates through Hotel and Property Leas ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/21 12:43
End of Day Share Price2019/11/21 00:00
Earnings2019/09/30
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.