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S.A.I Leisure Group Co. Ltd. (1832) AI Stock Analysis

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HK:1832

S.A.I Leisure Group Co. Ltd.

(HKEX:1832)

Select Model
Rating:41Neutral
Price Target:HKD 0.93â–¼(-4.51% Downside)
Action:reiterated
Date:10/24/26

The score is held down primarily by weak financial performance: ongoing net losses, negative free cash flow, and sharply higher leverage with shrinking equity. Technicals add additional downside risk as the stock trades below all key moving averages with bearish momentum indicators. Valuation provides limited support because negative earnings make the P/E less informative and no dividend yield is available.

Positive Factors
Revenue RecoveryThe recovery in revenue indicates that customer demand and operating activity have improved from the depressed 2022 base. If maintained, this expansion can provide greater fixed-cost absorption and a broader foundation for eventual profitability, although earnings remain negative.
Negative Factors
Persistent UnprofitabilityPersistent operating and net losses show that revenue recovery has not yet translated into sustainable earnings power. The deeply negative 2025 margin limits internal funding capacity and leaves the company more exposed to continued capital strain if profitability does not improve.

S.A.I Leisure Group Co. Ltd. (1832) vs. iShares MSCI Hong Kong ETF (EWH)

-50%0%50%100%150%200%HK:1832+77.27%EWH+7.37%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
HKD 354.60M
Dividend Yield
―
Average Volume (3M)
13.29K
Price to Earnings (P/E)
-2.9
Beta (1Y)
0.59
Revenue Growth
11.53%
EPS Growth
19.24%
Country
Hong Kong
Employees
339
Sector
Consumer Cyclical
Sector Strength
61
Industry
Travel Lodging

S.A.I Leisure Group Co. Ltd. Business Overview & Revenue Model

Company Description

S.A.I. Leisure Group Company Limited operates as an investment holding entity primarily offering tourism and recreational services across Saipan, Guam, and Hawaii. Its operations are structured into three main divisions. The Hotels & Resorts division...

How the Company Makes Money

Detailed, company-specific information on S.A.I Leisure Group Co. Ltd. (1832)’s revenue model, key revenue streams, and significant partnerships was not available from the provided context; therefore: null

S.A.I Leisure Group Co. Ltd. Financial Statement Overview

Summary

Financial statement scores are weak (Income Statement 18, Balance Sheet 12, Cash Flow 20). Revenue has rebounded, but the company remains consistently loss-making with a very negative net margin (~-37% in 2025). Leverage has risen sharply as equity has eroded (debt-to-equity ~5.58 in 2025), and cash generation is unstable with negative operating cash flow again in 2025 and persistently negative free cash flow—raising ongoing funding and balance-sheet risk.

Income Statement

18Very Negative

Balance Sheet

12Very Negative

Cash Flow

20Very Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue47.55M45.18M42.80M36.85M15.75M19.80M
Gross Profit13.64M12.10M14.49M6.10M10.53M15.65M
EBITDA4.52M-2.51M381.00K-7.31M-8.13M-1.68M
Net Income-15.19M-16.60M-18.95M-22.96M-11.43M-5.95M
Balance Sheet
Total Assets125.44M128.02M140.11M157.32M158.51M136.83M
Cash, Cash Equivalents and Short-Term Investments3.50M3.57M3.19M4.44M3.45M8.08M
Total Debt103.52M99.77M93.96M91.50M73.61M37.30M
Total Liabilities116.82M110.88M106.14M106.12M84.33M51.16M
Stockholders Equity9.47M17.87M34.45M51.56M74.52M85.94M
Cash Flow
Free Cash Flow-1.15M-5.19M-986.00K-12.18M-39.31M-45.86M
Operating Cash Flow-192.43K-3.86M1.75M-3.07M-7.19M2.31M
Investing Cash Flow-958.42K-1.26M-2.73M-9.11M-32.13M-47.56M
Financing Cash Flow2.19M5.50M-265.00K13.16M34.69M15.17M

S.A.I Leisure Group Co. Ltd. Technical Analysis

Technical Analysis SentimentNegative
Last Price0.97

Price Trends

50DMA1.33Negative
100DMA1.20Negative
200DMA1.01Negative

Market Momentum

MACD-0.12Positive
RSI16.75Positive
STOCH26.07Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1832, the sentiment is Negative. The current price of 0.97 is below the 20-day moving average (MA) of 1.31, below the 50-day MA of 1.33, and below the 200-day MA of 1.01, indicating a bearish trend. The MACD of -0.12 indicates Positive momentum. The RSI at 16.75 is Positive, neither overbought nor oversold. The STOCH value of 26.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1832.

S.A.I Leisure Group Co. Ltd. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

HK:1832 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
HK:1221HK:122172OutperformHKD 1.70B17.302.28%2.11%3.53%-7.42%
HK:0184HK:018468NeutralHKD 768.85M2.548.45%5.53%6.80%67.22%
HK:1270HK:127067NeutralHKD 1.54B4.463.55%7.36%5.13%585.92%
HK:0201HK:020162NeutralHKD 608.40M16.190.90%―6.29%―
Sector *61Neutral$18.38B12.79-2.54%3.03%1.52%-15.83%
HK:1832HK:183241NeutralHKD 351.00M-2.94-111.14%―11.53%19.24%
HK:0078HK:007838UnderperformHKD 337.04M-0.69-6.04%―49.29%79.61%

* Consumer Cyclical Sector Average

Performance Comparison

0%50%100%150%HK:1832HK:0184HK:1270HK:0201HK:1221HK:0078Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
HK:1832 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:1832S.A.I Leisure Group Co. Ltd.0.970.4277.27%
HK:0184Keck Seng Investments (Hong Kong) 2.260.125.56%
HK:1270Langham Hospitality Investments 0.43-0.04-7.64%
HK:0201Magnificent Hotel Investments Limited0.07-0.00-2.86%
HK:1221Sino Hotels (Holdings) Ltd.1.420.010.57%
HK:0078Regal Hotels International Holdings Limited0.38-0.22-37.50%

S.A.I Leisure Group Co. Ltd. Corporate Events

S.A.I. Leisure Narrows Interim Loss as Revenue Rises in First Half 2026

Aug 28, 2026

S.A.I. Leisure Group Co. Ltd. reported unaudited interim results for the six months ended June 30, 2026, showing revenue of US$23.5 million, up from US$21.1 million a year earlier. The group operates resorts and related leisure services, with income...

S.A.I. Leisure Group Schedules Board Meeting to Review Interim Results and Possible Dividend

Aug 3, 2026

S.A.I. Leisure Group Company Limited has announced that its board of directors will convene on August 28, 2026, to review and approve the group’s interim results for the six months ended June 30, 2026. At the same meeting, the board will also c...

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: Oct 24, 2026