OTCPK:KCKS.F

Stock Analysis Report

Keck Seng Investments (Hong Kong)

Executive Summary

Keck Seng Investments (Hong Kong) Limited, an investment holding company, engages in the hotel and club operations, and property investment and development activities.

Snowflake

Fundamentals

Undervalued with adequate balance sheet.


Similar Companies

Share Price & News

How has Keck Seng Investments (Hong Kong)'s share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-5.7%

KCKS.F

2.1%

US Hospitality

1.0%

US Market


1 Year Return

-26.9%

KCKS.F

3.5%

US Hospitality

6.7%

US Market

Return vs Industry: KCKS.F underperformed the US Hospitality industry which returned 3.5% over the past year.

Return vs Market: KCKS.F underperformed the US Market which returned 6.7% over the past year.


Share holder returns

KCKS.FIndustryMarket
7 Day-5.7%2.1%1.0%
30 Day-5.7%-5.5%-1.8%
90 Day-0.9%-6.1%-1.8%
1 Year-26.9%-26.9%6.0%3.5%9.1%6.7%
3 Year-22.1%-22.1%44.0%34.6%46.0%36.6%
5 Year-33.2%-33.2%42.7%26.9%66.9%48.6%

Price Volatility Vs. Market

How volatile is Keck Seng Investments (Hong Kong)'s share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Keck Seng Investments (Hong Kong) undervalued based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Undervalued: KCKS.F ($0.58) is trading below our estimate of fair value ($1.22)

Significantly Undervalued: KCKS.F is trading below fair value by more than 20%.


Price Based on Earnings

PE vs Industry: KCKS.F is good value based on its PE Ratio (8.6x) compared to the Hospitality industry average (23x).

PE vs Market: KCKS.F is good value based on its PE Ratio (8.6x) compared to the US market (17.5x).


Price Based on Expected Growth

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


Price Based on Value of Assets

PB vs Industry: KCKS.F is good value based on its PB Ratio (0.4x) compared to the US Hospitality industry average (2.1x).


Next Steps

Future Growth

How is Keck Seng Investments (Hong Kong) expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

23.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: KCKS.F's forecast earnings growth (23.4% per year) is above the savings rate (2.7%).

Earnings vs Market: KCKS.F's earnings (23.4% per year) are forecast to grow faster than the US market (14.5% per year).

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

Revenue vs Market: Insufficient data to determine if KCKS.F's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if KCKS.F's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Estimates


Future Return on Equity

High Future ROE: Insufficient data to determine if KCKS.F's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Keck Seng Investments (Hong Kong) performed over the past 5 years?

-11.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: KCKS.F's earnings have declined by -11.8% per year over the past 5 years.

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

Earnings vs Industry: KCKS.F had negative earnings growth (-9.9%) over the past year, making it difficult to compare to the Hospitality industry average (-13.9%).


Return on Equity

High ROE: KCKS.F's Return on Equity (6.7%) is considered low.


Return on Assets

ROA vs Industry: KCKS.F's Return on Assets is below or equal to the Hospitality industry average last year.


Return on Capital Employed

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


Next Steps

Financial Health

How is Keck Seng Investments (Hong Kong)'s financial position?


Financial Position Analysis

Short Term Liabilities: KCKS.F's short term assets ($2.3B) exceeds its short term liabilities ($965.8M)

Long Term Liabilities: KCKS.F's short term assets ($2.3B) exceeds its long term liabilities ($1.5B)


Debt to Equity History and Analysis

Debt Level: KCKS.F's debt to equity ratio (41.1%) is considered high

Reducing Debt: KCKS.F's debt to equity ratio has increased from 11.5% to 41.1% over the past 5 years.

Debt Coverage: KCKS.F's debt is well covered by operating cash flow (26.9%).

Interest Coverage: KCKS.F's interest payments on its debt are well covered by EBIT (23.2x coverage).


Balance Sheet

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

Debt Coverage by Assets: KCKS.F's debt is covered by short term assets (assets are 1.268030x debt).


Next Steps

Dividend

What is Keck Seng Investments (Hong Kong)'s current dividend yield, its reliability and sustainability?

3.55%

Current Dividend Yield


Dividend Yield vs Market

company3.6%marketbottom25%1.5%markettop25%3.8%industryaverage2.3%forecastin3Yearsn/a

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: KCKS.F's dividend (3.56%) is higher than the bottom 25% of dividend payers in the US market (1.46%).

High Dividend: KCKS.F's dividend (3.56%) is low compared to the top 25% of dividend payers in the US market (3.77%).

Stable Dividend: KCKS.F's dividend payments have been volatile in the past 10 years.

Growing Dividend: KCKS.F's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (29.5%), KCKS.F's dividend payments are 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

Management

What is the CEO of Keck Seng Investments (Hong Kong)'s salary, the management and board of directors tenure and is there insider trading?

13.3yrs

Average board tenure


CEO

Keck Seng Investments (Hong Kong) has no CEO, or we have no data on them.


Board Age and Tenure

13.3yrs

Average Tenure

63.5yo

Average Age

Experienced Board: KCKS.F's board of directors are seasoned and experienced ( 13.3 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.


Recent Insider Transactions

BuyHK$5,40624 Apr 19
Kim Swee Ho
EntityIndividual
Shares8,000
Max PriceHK$0.68
BuyHK$6,76116 Apr 19
Kim Swee Ho
EntityIndividual
Shares10,000
Max PriceHK$0.68
BuyHK$6,18710 Jan 19
Kim Swee Ho
EntityIndividual
Shares10,000
Max PriceHK$0.62
BuyHK$12,68002 Jan 19
Kim Swee Ho
EntityIndividual
Shares20,000
Max PriceHK$0.63
BuyHK$7,17506 Dec 18
Kim Swee Ho
EntityIndividual
Shares10,000
Max PriceHK$0.72
BuyHK$2,94805 Dec 18
Kim Swee Ho
EntityIndividual
Shares4,000
Max PriceHK$0.74
BuyHK$1,53215 Nov 18
Kim Swee Ho
EntityIndividual
Shares2,000
Max PriceHK$0.77
BuyHK$6,33114 Nov 18
Kim Swee Ho
EntityIndividual
Shares8,000
Max PriceHK$0.79
BuyHK$16,25209 Nov 18
Kim Swee Ho
EntityIndividual
Shares20,000
Max PriceHK$0.81

Ownership Breakdown


Management Team

  • Ivan Chan (49yo)

    Executive Director

    • Tenure: 13.3yrs
    • Compensation: HK$829.00k
  • Paul Tse (64yo)

    Executive Director

    • Tenure: 39.8yrs
    • Compensation: HK$215.00k
  • Evelyn Yu (63yo)

    Executive Director

    • Tenure: 13.3yrs
    • Compensation: HK$1.60m
  • Chung Hui Ho (43yo)

    Executive Director

    • Tenure: 11yrs
    • Compensation: HK$608.00k
  • Chung Tao Ho (45yo)

    Executive Director

    • Tenure: 11yrs
    • Compensation: HK$1.87m
  • Sing Beng Ng (53yo)

    Company Secretary

    • Tenure: 6.9yrs
  • Kian Guan Ho (74yo)

    Executive Chairman

    • Tenure: 0yrs
    • Compensation: HK$1.81m
  • Kian Hock Ho (71yo)

    Deputy Executive Chairman

    • Tenure: 0yrs
    • Compensation: HK$1.74m

Board Members

  • David Yu (71yo)

    Independent Non Executive Director

    • Tenure: 6.5yrs
    • Compensation: HK$250.00k
  • Ivan Chan (49yo)

    Executive Director

    • Tenure: 13.3yrs
    • Compensation: HK$829.00k
  • Arthur Kwok (73yo)

    Independent Non-Executive Director

    • Tenure: 24.8yrs
    • Compensation: HK$250.00k
  • Angela Wang (61yo)

    Independent Non-Executive Director

    • Tenure: 15.1yrs
    • Compensation: HK$250.00k
  • Paul Tse (64yo)

    Executive Director

    • Tenure: 39.8yrs
    • Compensation: HK$215.00k
  • Evelyn Yu (63yo)

    Executive Director

    • Tenure: 13.3yrs
    • Compensation: HK$1.60m
  • Chung Hui Ho (43yo)

    Executive Director

    • Tenure: 11yrs
    • Compensation: HK$608.00k
  • Chung Tao Ho (45yo)

    Executive Director

    • Tenure: 11yrs
    • Compensation: HK$1.87m
  • Kian Guan Ho (74yo)

    Executive Chairman

    • Tenure: 0yrs
    • Compensation: HK$1.81m
  • Kian Hock Ho (71yo)

    Deputy Executive Chairman

    • Tenure: 0yrs
    • Compensation: HK$1.74m

Company Information

Keck Seng Investments (Hong Kong) Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Keck Seng Investments (Hong Kong) Limited
  • Ticker: KCKS.F
  • Exchange: OTCPK
  • Founded: 1973
  • Industry: Hotels, Resorts and Cruise Lines
  • Sector: Consumer Services
  • Market Cap: HK$1.531b
  • Listing Market Cap: HK$195.169m
  • Shares outstanding: 340.20m
  • Website: https://www.keckseng.com.hk

Number of Employees


Location

  • Keck Seng Investments (Hong Kong) Limited
  • West Tower
  • Room 2902
  • Central
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
184SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJan 1992
KECDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
KCKS.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992

Biography

Keck Seng Investments (Hong Kong) Limited, an investment holding company, engages in the hotel and club operations, and property investment and development activities. It operates through three segments: H ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 02:52
End of Day Share Price2019/10/11 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.

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