TipRanks
Go Ultimate55% OFF

Aseana Properties (ASPL) AI Stock Analysis

GB:ASPL

Aseana Properties

(LSE:ASPL)

Select Model
Rating:58Neutral
Price Target:$0.07â–²(4.29% Upside)
Action:reiterated
Date:09/18/26

Overall score reflects mixed fundamentals: improved 2025 profitability and a healthier leverage profile are positives, but weak 2025 cash generation and historically volatile results are the main risks. Valuation is attractive on a low P/E, while technicals are only moderately supportive due to an overbought RSI despite mildly positive trend signals.

Positive Factors
2025 Revenue and Profit ReboundThe sharp 2025 revenue recovery and return to solid profit show that ASPL can generate material earnings when property transactions or development activity progress. This improves near-term financial capacity and provides a stronger base for value realization over the next several quarters.
Negative Factors
Weak Cash ConversionNegative free cash flow despite reported profit indicates that earnings are not currently translating reliably into cash. Persistent cash burn could increase funding needs, restrict investment flexibility, and make ASPL more dependent on asset sales or other financing to sustain its property strategy.

Aseana Properties (ASPL) vs. iShares MSCI United Kingdom ETF (EWC)

-20%-10%0%10%20%30%GB:ASPL-6.67%EWC+23.59%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
$16.02M
Dividend Yield
―
Average Volume (3M)
―
Price to Earnings (P/E)
2.4
Beta (1Y)
-0.20
Revenue Growth
-13.78%
EPS Growth
―
Country
UK
Employees
316
Sector
Real Estate
Sector Strength
65
Industry
Real Estate - Development

Aseana Properties Business Overview & Revenue Model

Company Description

Aseana Properties Limited (ASPL.L) operates as a real estate development firm with its primary focus on Malaysia and Vietnam, additionally serving as an investment holding vehicle. The company's activities encompass the acquisition and construction o...

How the Company Makes Money

ASPL’s earnings are primarily tied to monetising its property interests rather than operating a high-frequency, recurring-revenue service business. Key ways it makes (or is intended to make) money include: (1) Sale or disposal of property interests/l...

Aseana Properties Financial Statement Overview

Summary

Financials are mixed. Income rebounded strongly in 2025 with a swing back to solid net profit, and leverage improved meaningfully (lower debt-to-equity). However, multi-year earnings volatility and weak cash conversion stand out: 2025 operating cash flow was flat-to-negative and free cash flow was negative despite positive net income, increasing funding and sustainability risk.

Income Statement

54Neutral

Balance Sheet

66Positive

Cash Flow

38Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue26.20M32.38M18.48M15.75M11.95M6.27M
Gross Profit18.95M19.77M14.36M15.04M11.25M5.74M
EBITDA12.13M15.29M-1.72M-7.62M-17.15M-4.26M
Net Income8.55M12.21M-9.90M-8.73M-15.87M-5.75M
Balance Sheet
Total Assets126.54M128.51M129.82M137.36M157.17M190.37M
Cash, Cash Equivalents and Short-Term Investments2.70M6.19M5.32M4.27M7.26M7.11M
Total Debt20.95M19.38M28.11M30.73M32.86M44.01M
Total Liabilities71.38M72.59M88.13M80.91M89.37M101.35M
Stockholders Equity55.11M55.87M41.65M63.39M73.21M91.66M
Cash Flow
Free Cash Flow-9.29M-1.45M4.95M-5.63M-4.56M-9.87M
Operating Cash Flow-4.14M-4,0005.10M-5.48M-4.52M-9.83M
Investing Cash Flow-5.15M-1.45M-32.00K-24.00K10.51M668.00K
Financing Cash Flow3.36M-649.00K-3.27M-693.00K-8.77M12.04M

Aseana Properties Technical Analysis

Technical Analysis SentimentPositive
Last Price0.07

Price Trends

50DMA0.07Positive
100DMA0.07Positive
200DMA0.07Negative

Market Momentum

MACD0.00Positive
RSI87.27Negative
STOCH50.00Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:ASPL, the sentiment is Positive. The current price of 0.07 is equal to the 20-day moving average (MA) of 0.07, above the 50-day MA of 0.07, and below the 200-day MA of 0.07, indicating a neutral trend. The MACD of 0.00 indicates Positive momentum. The RSI at 87.27 is Negative, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:ASPL.

Aseana Properties Peers Comparison

Overall Rating

UnderperformOutperform
Sector (65)

Financial Indicators

GB:ASPL against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
GB:CDFFGB:CDFF73OutperformGBP 27.15M20.994.34%1.09%3.71%29.79%
GB:FPOGB:FPO69NeutralGBP 24.02M8.935.63%1.54%15.45%8.98%
Sector *65Neutral$2.17B12.193.79%4.94%3.15%1.96%
GB:ASPLGB:ASPL58Neutral$20.28M2.3715.40%―-13.78%―
GB:PCAGB:PCA54NeutralGBP 29.87M-7.23-11.17%4.79%――
GB:CICGB:CIC40UnderperformGBP 17.89M-1.76-19.67%―120.54%65.03%

* Real Estate Sector Average

Performance Comparison

-20%0%20%GB:ASPLGB:CDFFGB:CICGB:FPOGB:PCAGB:ALSPDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
GB:ASPL and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
GB:ASPLAseana Properties0.07-0.00-6.67%
GB:CDFFThe Cardiff Property2750.00178.646.95%
GB:CICThe Conygar Investment30.00-1.20-3.85%
GB:FPOFirst Property16.251.046.82%
GB:PCAPalace Capital188.00-14.31-7.07%
GB:ALSPAce Liberty & Stone Plc35.005.0016.67%

Aseana Properties Corporate Events

Other

Aseana CEO Boosts Stake with Major Share Purchase

Positive
Sep 3, 2026

Aseana Properties Limited has disclosed that its Chief Executive Officer, Leong Kheng Cheong, has acquired 9,000,000 ordinary shares in the company at a price of US$0.07 per share. The purchase increases his stake to approximately 3.10 per cent of As...

Business Operations and StrategyFinancial Disclosures

Aseana Properties H1 2026 results show stronger underlying performance despite FX hit

Neutral
Aug 18, 2026

Aseana Properties reported unaudited revenue of US$11.0 million for the six months to 30 June 2026, driven mainly by The RuMa Hotel and Residences, alongside steady performance at Sandakan Harbour Mall and the April reopening of the refurbished Sanda...

Business Operations and StrategyFinancial Disclosures

Aseana hands RuMa and Ormond Sandakan management to Ormond Group in related-party deal

Positive
Jul 13, 2026

Aseana Properties has signed hotel management agreements with Ormond Group for The RuMa Hotel and Residences in Kuala Lumpur and the Ormond Sandakan property in Malaysia. The deals align Aseana’s hospitality assets with Ormond’s design-le...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Sep 18, 2026