Keck Seng Investments (Hong Kong) (0184) AI Stock Analysis

• Market Cap: $833.49M
• Dividend Yield: 4.9%
• Average Volume (3M): 93.55K
• Price to Earnings (P/E): 4.6
• Beta (1Y): 0.34
• Revenue Growth: -3.51%
• EPS Growth: -31.41%
• Country: HK
• Employees: 1,830
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Travel Lodging
• EPS (TTM): 0.03
• Shares Outstanding: 340,200,000
• 10 Day Avg. Volume: 62,643
• 30 Day Avg. Volume: 93,548
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.24
• Enterprise Value/Revenue: 0.61
• Enterprise Value/Gross Profit: 1.25
• Enterprise Value/Ebitda: 2.13
• 1Y Price Target: $2.49
• Price Target Upside: 1.67% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 64 Neutral
• Price Target: HK$2.50 ▲(2.04% Upside)

Keck Seng Investments' overall stock score is primarily driven by its strong financial performance and attractive valuation. However, technical indicators suggest weak market momentum, which slightly offsets the positive aspects. The lack of earnings call and corporate events data means these factors did not influence the score.

Keck Seng Investments (Hong Kong) Business Overview & Revenue Model

Company Description

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: Hotel, Property, and Investment and Corporate. The Hotel segment offers hotel room accommodation services; and food and beverages at hotel restaurant outlets, as well as operates slot machines. The Property segment leases investment properties, which primarily consist of retail, commercial, and office properties; and develops, sells, and markets trading properties, as well as provides management services. The Investment and Corporate segment engages in non-trading and trading securities; financial instruments; and other treasury operations. It operates primarily in Macau, Vietnam, the People's Republic of China, Japan, Canada, the United States, and Hong Kong. The company was incorporated in 1973 and is based in Central, Hong Kong.

How the Company Makes Money

Keck Seng Investments generates revenue through multiple streams primarily centered around its real estate and hospitality operations. The company earns income from leasing its portfolio of commercial, residential, and industrial properties, providing a steady stream of rental income. Additionally, it engages in property development and sales, which can lead to significant profits upon project completion and sale. In the hospitality sector, Keck Seng Investments generates revenue through its hotel operations, which include room rentals, food and beverage sales, and other related services. The company may also benefit from strategic financial investments, contributing to its overall earnings. Significant partnerships with other real estate developers and hospitality operators can enhance its market presence and revenue generation potential.

Keck Seng Investments (Hong Kong) Financial Statement Overview

Summary

Keck Seng Investments shows strong profitability with improved net profit and gross profit margins. The balance sheet is robust with low leverage and a high equity ratio. However, the lack of cash flow data and previous negative trends indicate a need for better cash flow management.

Income Statement

Keck Seng Investments has shown a recovery in profitability with a noticeable increase in net profit margin from 12.63% in 2023 to 15.11% in 2024. The gross profit margin remained strong at 49.03% in 2024. Despite a decline in revenue in 2024 by 2.67%, the company improved its EBIT and EBITDA margins, indicating better operational efficiency.

Balance Sheet

The company's balance sheet is stable, with a debt-to-equity ratio of 0.40 in 2024, reflecting a conservative leverage approach. The equity ratio stands at 57.46%, indicating a strong equity foundation. Return on equity improved to 7.73% in 2024, showcasing better profitability.

Cash Flow

The free cash flow was unavailable for 2024, but the company had a negative trend in previous years. Operating cash flow was not reported for 2024, making it difficult to assess cash generation capabilities. However, past figures suggest a need for improvement in cash flow management.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.69B	1.74B	1.43B	482.88M	665.71M
Gross Profit	829.83M	861.44M	1.30B	438.85M	576.08M
EBITDA	358.62M	549.70M	315.32M	-55.33M	-534.57M
Net Income	255.84M	219.66M	124.20M	-184.20M	-545.96M
Balance Sheet
Total Assets	5.76B	5.80B	5.64B	5.58B	5.75B
Cash, Cash Equivalents and Short-Term Investments	1.53B	1.52B	1.35B	1.19B	1.28B
Total Debt	1.32B	1.49B	1.55B	1.60B	1.60B
Total Liabilities	1.90B	2.06B	2.08B	2.04B	2.02B
Stockholders Equity	3.31B	3.12B	2.94B	2.91B	3.10B
Cash Flow
Free Cash Flow	136.96M	298.43M	290.14M	-48.33M	-282.33M
Operating Cash Flow	295.03M	345.51M	311.79M	-27.33M	-208.04M
Investing Cash Flow	-123.06M	-103.50M	-50.03M	528.32M	148.81M
Financing Cash Flow	-455.97M	-212.06M	-165.71M	-57.75M	-386.47M

Keck Seng Investments (Hong Kong) Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2.45
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0184, the sentiment is Negative. The current price of 2.45 is below the 20-day moving average (MA) of 2.50, below the 50-day MA of 2.65, and above the 200-day MA of 2.33, indicating a neutral trend. The MACD of -0.05 indicates Positive momentum. The RSI at 38.87 is Neutral, neither overbought nor oversold. The STOCH value of 22.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0184.

Keck Seng Investments (Hong Kong) Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0184	64 Neutral	$833.49M	4.64	5.57%	4.90%	-3.51%	-31.41%
0253	52 Neutral	145.06M	-0.76	―	―	3.58%	-87.78%
0201	52 Neutral	635.24M	-22.90	―	―	3.97%	41.51%
0617	50 Neutral	345.52M	-0.21	-16.08%	―	-2.75%	-17.31%
0219	46 Neutral	296.74M	-0.89	―	―	3.58%	-91.61%
0078	35 Underperform	530.28M	-0.30	―	―	-0.60%	34.74%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%

Keck Seng Investments (Hong Kong) Corporate Events

Keck Seng Investments Reports Decline in 2025 Interim Profits

Keck Seng Investments (Hong Kong) Limited announced its unaudited interim financial results for the first half of 2025, reporting a significant decrease in profit attributable to equity shareholders, down to HK$11,018,000 from HK$87,330,000 in the same period of 2024. The company declared an interim dividend of HK$0.03 per share for 2025, reflecting a decrease from the previous year’s HK$0.05 per share, indicating a challenging financial period for the company, potentially impacting its stakeholders and market positioning.

The most recent analyst rating on (HK:0184) stock is a Buy with a HK$3.00 price target. To see the full list of analyst forecasts on Keck Seng Investments (Hong Kong) stock, see the HK:0184 Stock Forecast page.

Keck Seng Investments Announces Interim Dividend for 2025

Keck Seng Investments (Hong Kong) Limited has announced an interim cash dividend of HKD 0.03 per share for the six months ending June 30, 2025. The dividend will be paid on October 30, 2025, with an ex-dividend date of October 8, 2025. This announcement reflects the company’s ongoing commitment to providing returns to its shareholders and may influence investor sentiment positively.

The most recent analyst rating on (HK:0184) stock is a Buy with a HK$3.00 price target. To see the full list of analyst forecasts on Keck Seng Investments (Hong Kong) stock, see the HK:0184 Stock Forecast page.

Keck Seng Updates Nomination Committee Terms to Strengthen Governance

Keck Seng Investments (Hong Kong) Limited has updated the terms of reference for its Nomination Committee as of August 26, 2025. The committee, primarily composed of independent non-executive directors, is tasked with reviewing the board’s structure and composition, assessing director independence, and making recommendations on board appointments and succession planning. This update aims to enhance corporate governance and ensure the board’s alignment with the company’s strategic goals.

The most recent analyst rating on (HK:0184) stock is a Buy with a HK$3.00 price target. To see the full list of analyst forecasts on Keck Seng Investments (Hong Kong) stock, see the HK:0184 Stock Forecast page.

Keck Seng Investments Announces Upcoming Board Meeting for Interim Results

Keck Seng Investments (Hong Kong) Limited has announced that its board of directors will hold a meeting on August 26, 2025, to consider and approve the interim results for the six months ending June 30, 2025. The meeting will also discuss the potential payment of an interim dividend and other business matters. This announcement indicates the company’s ongoing efforts to maintain transparency and keep stakeholders informed about its financial performance and strategic decisions.