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Associated International Hotels Limited
(0105)
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Rating:56Neutral
Price Target:
HK$5.00
▼(-3.85% Downside)
Action:Reiterated
Date:10/30/26
The score is held up by a conservative balance sheet and consistently positive cash generation, but capped by volatile and currently weak profitability (losses in 2025–2026). Technicals are bearish with oversold momentum, and valuation is mixed: a high dividend yield is attractive, but the negative P/E reflects ongoing earnings weakness.
Positive Factors
Conservative Balance Sheet
Very low leverage limits balance-sheet financial risk and reduces the burden of interest obligations. This gives the company greater resilience through operating volatility and preserves flexibility to maintain assets, fund operations, or pursue opportunities without relying heavily on additional borrowing.
Negative Factors
Recurring Earnings Losses
The recent swing into sizable losses demonstrates that strong gross margins have not translated into dependable bottom-line earnings. Continued earnings volatility weakens visibility into sustainable returns, limits internally generated equity growth, and remains the company’s central fundamental concern.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Very low leverage limits balance-sheet financial risk and reduces the burden of interest obligations. This gives the company greater resilience through operating volatility and preserves flexibility to maintain assets, fund operations, or pursue opportunities without relying heavily on additional borrowing.
Read all positive factors
Associated International Hotels Limited (0105) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.80B
Dividend Yield6.6%
Average Volume (3M)5.53K
Price to Earnings (P/E)―
Beta (1Y)0.11
Revenue Growth-4.29%
EPS Growth15.38%
CountryHK
Employees35
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)-1.32
Shares Outstanding360,000,000
10 Day Avg. Volume0
30 Day Avg. Volume5,533
Financial Highlights & Ratios
PEG Ratio0.26
Price to Book (P/B)0.29
Price to Sales (P/S)6.12
P/FCF Ratio14.42
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Associated International Hotels Limited Business Overview & Revenue Model
Company Description
Associated International Hotels Limited operates as an investment holding firm, concentrating its real estate ventures within Hong Kong. The company's property portfolio is extensive, featuring the prominent iSQUARE shopping and entertainment comp...
Associated International Hotels Limited Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
72
Positive
Cash Flow
66
Positive
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 305.80M | 299.01M | 292.14M | 299.28M | 301.32M |
| Gross Profit | 207.64M | 204.53M | 197.84M | 213.93M | 212.15M |
| EBITDA | -437.31M | -520.03M | 417.74M | 192.03M | -1.09B |
| Net Income | -474.43M | -560.63M | 376.76M | -1.58B | -1.12B |
Balance Sheet | |||||
| Total Assets | 7.03B | 7.61B | 8.32B | 8.07B | 9.80B |
| Cash, Cash Equivalents and Short-Term Investments | 533.21M | 510.84M | 506.52M | 452.42M | 440.76M |
| Total Debt | 201.23M | 200.00M | 201.41M | 201.49M | 200.00M |
| Total Liabilities | 471.74M | 465.80M | 461.53M | 449.54M | 482.93M |
| Stockholders Equity | 6.55B | 7.15B | 7.86B | 7.62B | 9.32B |
Cash Flow | |||||
| Free Cash Flow | 129.86M | 140.43M | 181.96M | 132.26M | 185.82M |
| Operating Cash Flow | 133.09M | 143.24M | 183.69M | 137.19M | 187.99M |
| Investing Cash Flow | 5.89M | 20.10M | 22.55M | -4.31M | 18.80M |
| Financing Cash Flow | -126.22M | -159.03M | -152.15M | -121.22M | -139.72M |
Associated International Hotels Limited Technical Analysis
Negative
5.20
Price Trends
5.02
Negative
5.05
Negative
5.06
Negative
Market Momentum
>-0.01
Negative
27.16
Positive
42.56
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0105, the sentiment is Negative. The current price of 5.2 is above the 20-day moving average (MA) of 5.00, above the 50-day MA of 5.02, and above the 200-day MA of 5.06, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 27.16 is Positive, neither overbought nor oversold. The STOCH value of 42.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0105.
Associated International Hotels Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | HK$6.77B | 9.89 | 3.22% | 5.41% | -10.82% | -1.24% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | HK$680.88M | 13.02 | 0.71% | 3.28% | -7.15% | ― | |
56 Neutral | HK$1.80B | -3.79 | -7.04% | 6.60% | -4.29% | 15.38% | |
46 Neutral | HK$7.06B | -37.61 | -18.68% | ― | 24.51% | 80.28% | |
44 Neutral | HK$342.40M | -51.70 | -2.26% | ― | -11.66% | 81.28% | |
41 Neutral | HK$489.66M | -2.21 | -11.01% | ― | -33.47% | -345.18% |
* Real Estate Sector Average
HK:0105
Associated International Hotels Limited
5.00
0.11
2.19%
HK:0071
Miramar Hotel & Investment Co
9.80
0.60
6.56%
HK:0224
Pioneer Global Group Limited
0.59
0.03
5.36%
HK:0108
GR Properties Limited
2.13
0.18
8.97%
HK:0037
Far East Hotels & Entertainment Ltd.
0.46
>-0.01
-1.09%
HK:0727
Crown International Corporation Limited
0.39
-0.42
-52.29%
Associated International Hotels Limited Corporate Events
Associated International Hotels Wins Strong Shareholder Backing at AGM
Sep 4, 2026
Associated International Hotels Limited, a Hong Kong-listed hospitality company, focuses on hotel ownership and management, serving both local and international guests through its regional portfolio. The firm maintains a standard governance model ...
Associated International Hotels Proposes Re-Appointment of KPMG as Auditor
Aug 3, 2026
Associated International Hotels Limited has issued a supplemental announcement to its AGM materials detailing the proposed re-appointment of KPMG as its external auditor for the next financial year. The board, acting on the recommendation of its a...
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.