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International Entertainment Corporation (1009) AI Stock Analysis

HK:1009

International Entertainment Corporation

(HKEX:1009)

Select Model
Rating:40Underperform
Price Target:HKD 0.99â–¼(-18.35% Downside)
Action:downgraded
Date:09/30/26

The overall score is low because rapid revenue growth and improving cash generation are outweighed by persistent large losses, a highly leveraged and weakened balance sheet, and limited cash coverage of debt; weak technicals with the share trading below all major moving averages and showing negative, oversold momentum further pressure the rating, while a negative P/E ratio and lack of visible dividend support mean valuation provides only modest offsetting appeal.

Positive Factors
Revenue GrowthRevenue growth of approximately 52% indicates strong recent expansion in the company’s top line. If the increase is sustained, it can broaden operating scale, support fixed-cost absorption, and provide a larger base from which management can improve profitability over the next several quarters.
Negative Factors
Excessive LeverageThe sharp rise in debt alongside shrinking equity materially weakens financial flexibility. Debt-to-equity near 11.1x increases refinancing and balance-sheet risk, while the reduced equity cushion leaves less capacity to absorb operating setbacks or fund growth without additional financing.

International Entertainment Corporation (1009) vs. iShares MSCI Hong Kong ETF (EWH)

-30%-20%-10%0%10%20%30%HK:1009-2.42%EWH+7.37%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
HKD 1.66B
Dividend Yield
―
Average Volume (3M)
624.64K
Price to Earnings (P/E)
-2.3
Beta (1Y)
0.89
Revenue Growth
50.58%
EPS Growth
-72.39%
Country
Hong Kong
Employees
1,532
Sector
Real Estate
Sector Strength
65
Industry
Real Estate - Services

International Entertainment Corporation Business Overview & Revenue Model

Company Description

International Entertainment Corporation (IEC) operates as an investment holding entity, primarily engaged in the leasing of properties furnished with entertainment facilities across the Philippines, the United Kingdom, and various international marke...

International Entertainment Corporation Financial Statement Overview

Summary

Rapid revenue growth and recent positive operating and free cash flow indicate improving operations, but persistent large net losses, very high debt relative to equity, and thin cash coverage of borrowings keep overall financial performance weak and risky.

Income Statement

37Negative

Balance Sheet

24Negative

Cash Flow

41Neutral
Financial statement breakdown
BreakdownTTMJun 2025Jun 2024Jun 2023Jun 2022Jun 2021
Income Statement
Total Revenue562.10M852.51M391.11M229.79M207.22M64.90M
Gross Profit342.60M443.40M391.11M132.43M136.63M4.52M
EBITDA-25.13M137.78M-85.82M-40.70M89.21M-188.81M
Net Income-179.37M-486.44M-282.14M-131.96M18.28M-242.04M
Balance Sheet
Total Assets3.21B3.21B2.54B2.32B1.90B2.30B
Cash, Cash Equivalents and Short-Term Investments0952.54M580.82M513.81M497.75M617.51M
Total Debt387.24M2.68B1.40B1.11B503.26M524.63M
Total Liabilities2.97B2.97B1.76B1.31B691.27M709.54M
Stockholders Equity240.47M240.47M773.10M1.02B1.21B1.59B
Cash Flow
Free Cash Flow-337.55M84.37M-309.01M-114.22M5.42M-25.18M
Operating Cash Flow-18.56M84.37M-32.26M-30.55M6.66M-9.81M
Investing Cash Flow-392.36M-252.96M-218.76M-570.61M7.22M-15.51M
Financing Cash Flow-36.07M590.07M331.42M562.80M-37.84M-34.16M

International Entertainment Corporation Technical Analysis

Technical Analysis SentimentNeutral
Last Price1.21

Price Trends

50DMA1.34Negative
100DMA1.40Negative
200DMA1.26Negative

Market Momentum

MACD-0.05Negative
RSI46.74Neutral
STOCH64.25Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1009, the sentiment is Neutral. The current price of 1.21 is above the 20-day moving average (MA) of 1.18, below the 50-day MA of 1.34, and below the 200-day MA of 1.26, indicating a neutral trend. The MACD of -0.05 indicates Negative momentum. The RSI at 46.74 is Neutral, neither overbought nor oversold. The STOCH value of 64.25 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:1009.

International Entertainment Corporation Peers Comparison

Overall Rating

UnderperformOutperform
Sector (65)

Financial Indicators

HK:1009 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
HK:0071HK:007171OutperformHKD 6.77B9.893.22%5.41%-10.82%-1.24%
Sector *65Neutral$2.17B12.193.79%4.94%3.15%1.96%
HK:0105HK:010556NeutralHKD 1.80B-3.79-7.04%6.60%-4.29%15.38%
HK:0037HK:003744NeutralHKD 342.40M-51.70-2.26%―-11.66%81.28%
HK:0163HK:016343NeutralHKD 573.70M-0.23-16.66%―39.38%17.91%
HK:0108HK:010842NeutralHKD 7.06B-37.61-18.68%―24.51%80.28%
HK:1009HK:100940UnderperformHKD 1.66B-2.28-108.37%―50.58%-72.39%

* Real Estate Sector Average

Performance Comparison

-50%0%50%100%HK:1009HK:0071HK:0105HK:0163HK:0108HK:0037Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
HK:1009 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:1009International Entertainment Corporation1.21-0.01-0.82%
HK:0071Miramar Hotel & Investment Co 9.790.606.56%
HK:0105Associated International Hotels Limited5.000.112.19%
HK:0163Emperor International Holdings Limited0.10-0.10-47.74%
HK:0108GR Properties Limited2.130.188.97%
HK:0037Far East Hotels & Entertainment Ltd.0.46-0.01-1.09%

International Entertainment Corporation Corporate Events

International Entertainment Revenue Jumps but Loss Deepens on Fair Value Hit

Aug 28, 2026

International Entertainment Corporation reported a sharp increase in revenue to HK$852.5 million for the twelve months ended 30 June 2026, up from HK$566.2 million a year earlier, driven by higher gaming and entertainment activity despite rising cost...

International Entertainment Details Rollout of New PAGCOR-Licensed Online Gaming Platform

Aug 28, 2026

International Entertainment Corporation has issued a supplemental announcement detailing the scope and structure of its new online gaming business under a cooperation arrangement involving subsidiaries NCLI and TGXI. The group is initially concentrat...

International Entertainment flags wider HK$500 million annual loss on convertible note valuation hit

Aug 21, 2026

International Entertainment Corporation has warned that it expects to post a loss attributable to shareholders of about HK$500 million for the year ended 30 June 2026, widening from HK$282.1 million a year earlier, despite notable growth in gross pro...

International Entertainment Sets Board Meeting to Review Interim Results and Dividend

Aug 18, 2026

International Entertainment Corporation has scheduled a board meeting for 28 August 2026 in Hong Kong to review and approve its unaudited consolidated interim results for the twelve months ended 30 June 2026. The board will also consider the declarat...

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 30, 2026