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

S.A.I Leisure Group Co. Ltd.

(HKEX:1832)

Select Model

Rating:39Underperform

Price Target:HKD 0.92▼(-5.54% Downside)

Action:reiterated

Date:10/24/26

Severe financial weakness is the primary concern, driven by continued losses, high leverage, shrinking equity, and unreliable cash generation. Weak technical momentum and the negative P/E provide little additional support, although deeply oversold momentum indicators modestly reduce the downside assessment.

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)

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

Revenue growth is outweighed by persistent losses, sharply declining gross margins, severely eroded equity, high leverage, negative returns on equity, and weak operating and free cash flow.

Income Statement

18Very Negative

Balance Sheet

22Negative

Cash Flow

15Very Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	47.55M	45.18M	42.80M	36.85M	15.75M	19.80M
Gross Profit	13.64M	12.10M	14.49M	6.10M	10.53M	15.65M
EBITDA	4.52M	-2.51M	381.00K	-7.31M	-8.13M	-1.68M
Net Income	-15.19M	-16.60M	-18.95M	-22.96M	-11.43M	-5.95M
Balance Sheet
Total Assets	125.44M	128.02M	140.11M	157.32M	158.51M	136.83M
Cash, Cash Equivalents and Short-Term Investments	3.50M	3.57M	3.19M	4.44M	3.45M	8.08M
Total Debt	103.52M	99.77M	93.96M	91.50M	73.61M	37.30M
Total Liabilities	116.82M	110.88M	106.14M	106.12M	84.33M	51.16M
Stockholders Equity	9.47M	17.87M	34.45M	51.56M	74.52M	85.94M
Cash Flow
Free Cash Flow	-1.15M	-5.19M	-986.00K	-12.18M	-39.31M	-45.86M
Operating Cash Flow	-192.43K	-3.86M	1.75M	-3.07M	-7.19M	2.31M
Investing Cash Flow	-958.42K	-1.26M	-2.73M	-9.11M	-32.13M	-47.56M
Financing Cash Flow	2.19M	5.50M	-265.00K	13.16M	34.69M	15.17M

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
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HK:1221	72Outperform	HKD 1.70B	17.30	2.28%	2.11%	3.53%	-7.42%
HK:0184	68Neutral	HKD 768.85M	2.54	8.45%	5.53%	6.80%	67.22%
HK:1270	67Neutral	HKD 1.54B	4.46	3.55%	7.36%	5.13%	585.92%
HK:0201	62Neutral	HKD 608.40M	16.19	0.90%	―	6.29%	―
Sector *	61Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
HK:1832	39Underperform	HKD 351.00M	-2.94	-111.14%	―	11.53%	19.24%
HK:0078	38Underperform	HKD 337.04M	-0.69	-6.04%	―	49.29%	79.61%

* Consumer Cyclical Sector Average

Performance Comparison

HK:1832 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
HK:1832	S.A.I Leisure Group Co. Ltd.	0.97	0.42	77.27%
HK:0184	Keck Seng Investments (Hong Kong)	2.26	0.12	5.56%
HK:1270	Langham Hospitality Investments	0.43	-0.04	-7.64%
HK:0201	Magnificent Hotel Investments Limited	0.07	-0.00	-2.86%
HK:1221	Sino Hotels (Holdings) Ltd.	1.42	0.01	0.57%
HK:0078	Regal Hotels International Holdings Limited	0.38	-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

S.A.I Leisure Group Co. Ltd. AI Stock Analysis