OTCPK:ASAS.F

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Asia Standard International Group

Executive Summary

Asia Standard International Group Limited, an investment holding company, invests in, develops, and manages commercial, residential, retail, and hotel properties in Hong Kong, China, and internationally.


Snowflake Analysis

Undervalued second-rate dividend payer.


Similar Companies

Share Price & News

How has Asia Standard International Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ASAS.F's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

ASAS.F

8.3%

US Real Estate

2.7%

US Market


1 Year Return

n/a

ASAS.F

-17.3%

US Real Estate

9.1%

US Market

Return vs Industry: Insufficient data to determine how ASAS.F performed against the US Real Estate industry.

Return vs Market: Insufficient data to determine how ASAS.F performed against the US Market.


Shareholder returns

ASAS.FIndustryMarket
7 Day0%8.3%2.7%
30 Day-29.8%3.7%4.5%
90 Day-31.0%-25.3%2.3%
1 Yearn/a-16.7%-17.3%11.5%9.1%
3 Yearn/a-19.9%-21.7%30.6%22.0%
5 Year-61.5%-61.5%-25.8%-28.0%57.2%39.5%

Price Volatility Vs. Market

How volatile is Asia Standard International Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Asia Standard International Group undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ASAS.F ($0.1) is trading below our estimate of fair value ($0.32)

Significantly Below Fair Value: ASAS.F is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: ASAS.F is good value based on its PE Ratio (1x) compared to the Real Estate industry average (15.7x).

PE vs Market: ASAS.F is good value based on its PE Ratio (1x) compared to the US market (16x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: ASAS.F is good value based on its PB Ratio (0.1x) compared to the US Real Estate industry average (1.1x).


Next Steps

Future Growth

How is Asia Standard International Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

19.3%

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 Asia Standard International Group 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

  • Examine whether Asia Standard International Group is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Asia Standard International Group's filings and announcements here.
  • Explore growth companies in the Real Estate industry.

Past Performance

How has Asia Standard International Group performed over the past 5 years?

8.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ASAS.F has a large one-off gain of HK$447.4M impacting its September 30 2019 financial results.

Growing Profit Margin: ASAS.F's current net profit margins (45.8%) are lower than last year (65.4%).


Past Earnings Growth Analysis

Earnings Trend: ASAS.F's earnings have grown by 8.4% per year over the past 5 years.

Accelerating Growth: ASAS.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: ASAS.F had negative earnings growth (-9.7%) over the past year, making it difficult to compare to the Real Estate industry average (-6.4%).


Return on Equity

High ROE: ASAS.F's Return on Equity (5.9%) is considered low.


Next Steps

Financial Health

How is Asia Standard International Group's financial position?


Financial Position Analysis

Short Term Liabilities: ASAS.F's short term assets (HK$17.2B) exceed its short term liabilities (HK$4.0B).

Long Term Liabilities: ASAS.F's short term assets (HK$17.2B) exceed its long term liabilities (HK$12.9B).


Debt to Equity History and Analysis

Debt Level: ASAS.F's debt to equity ratio (77.8%) is considered high.

Reducing Debt: ASAS.F's debt to equity ratio has increased from 36.3% to 77.8% over the past 5 years.

Debt Coverage: ASAS.F's debt is not well covered by operating cash flow (3.1%).

Interest Coverage: ASAS.F's interest payments on its debt are not well covered by EBIT (2.9x coverage).


Balance Sheet


Next Steps

Dividend

What is Asia Standard International Group's current dividend yield, its reliability and sustainability?

3.07%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ASAS.F's dividend (3.07%) is higher than the bottom 25% of dividend payers in the US market (1.69%).

High Dividend: ASAS.F's dividend (3.07%) is low compared to the top 25% of dividend payers in the US market (4.45%).


Stability and Growth of Payments

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

Growing Dividend: ASAS.F's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (3.2%), ASAS.F's dividend payments are thoroughly 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

How experienced are the management team and are they aligned to shareholders interests?

26.3yrs

Average management tenure


CEO

Richard Poon (64yo)

36.33yrs

Tenure

HK$23,240,000

Compensation

Mr. Jing Poon, also known as Richard, serves as Chief Executive and Executive Director of Asia Standard International Group Ltd. since 1984. Mr. Poon serves as the Managing Director of Asia Orient Holdings ...


CEO Compensation Analysis

Compensation vs Market: Richard's total compensation ($USD3.00M) is above average for companies of similar size in the US market ($USD587.77K).

Compensation vs Earnings: Richard's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Siu To Fung
Executive Chairman of the Boardno dataHK$2.93mno data
Jing Poon
MD, CEO & Executive Director36.33yrsHK$23.24m0.099% HK$148.6k
Pui Kan Lun
Finance Director & Executive Director26.33yrsHK$3.54mno data
Po Lam Kwan
Executive Director34.33yrsHK$4.75mno data
Hai Poon
Executive Director7.83yrsHK$15.18mno data
Yeung Poon
Executive Director4.42yrsHK$12.47mno data
Patrick Lok
Finance Managerno datano datano data
Yin Cheng Lim
Deputy Chairman & CEO of Asia Standard Hotelno dataHK$1.56mno data
Kwok Lui Tung
Company Secretary6.33yrsno datano data
Wei Chun Woo
Executive Director & Group Financial Controller of Asia Standard Hotelno datano datano data

26.3yrs

Average Tenure

55yo

Average Age

Experienced Management: ASAS.F's management team is seasoned and experienced (26.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Siu To Fung
Executive Chairman of the Boardno dataHK$2.93mno data
Jing Poon
MD, CEO & Executive Director36.33yrsHK$23.24m0.099% HK$148.6k
Pui Kan Lun
Finance Director & Executive Director26.33yrsHK$3.54mno data
Po Lam Kwan
Executive Director34.33yrsHK$4.75mno data
Hai Poon
Executive Director7.83yrsHK$15.18mno data
Yeung Poon
Executive Director4.42yrsHK$12.47mno data
Yin Cheng Lim
Deputy Chairman & CEO of Asia Standard Hotelno dataHK$1.56mno data
Wei Chun Woo
Executive Director & Group Financial Controller of Asia Standard Hotelno datano datano data
Bok Koon
Independent Non-Executive Director20.42yrsHK$250.00kno data
Chi Keung Wong
Independent Non-Executive Director15.67yrsHK$200.00kno data

20.4yrs

Average Tenure

62yo

Average Age

Experienced Board: ASAS.F's board of directors are seasoned and experienced ( 20.4 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.


Ownership Breakdown

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


Top Shareholders

Company Information

Asia Standard International Group Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Asia Standard International Group Limited
  • Ticker: ASAS.F
  • Exchange: OTCPK
  • Founded: 1984
  • Industry: Diversified Real Estate Activities
  • Sector: Real Estate
  • Market Cap: HK$1.161b
  • Listing Market Cap: HK$149.816m
  • Shares outstanding: 1.32b
  • Website: https://www.asiastandard.com

Number of Employees


Location

  • Asia Standard International Group Limited
  • YF Life Tower
  • 30th Floor
  • Wanchai
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
129SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJan 1992
ASAS.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992

Biography

Asia Standard International Group Limited, an investment holding company, invests in, develops, and manages commercial, residential, retail, and hotel properties in Hong Kong, China, and internationally. It operates through four segments: Property Sales, Property Leasing, Hotel and Travel, and Financial Investments. The company also owns and operates five hotels under the Empire brand in Hong Kong. In addition, it provides real estate agency, financing, management, project management, securities investment, travel agency, catering, and construction services. The company was founded in 1984 and is headquartered in Wanchai, Hong Kong. Asia Standard International Group Limited is a subsidiary of Asia Orient Holdings Limited. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/29 03:47
End of Day Share Price2020/05/08 00:00
Earnings2019/09/30
Annual Earnings2019/03/31


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.