Asia Orient Holdings Limited

Asia Orient Holdings Limited

HHKEX:214
0.20
HKD
+0.01
(+6.32%)
210.22MMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
1.8
1.72
1.78
2.23
2.29
2.88
3.13
3.26
3.32
2.74
2.26
2.98
7.64
- -
Basic EPS, GAAP
1.07
0.65
0.67
1.21
0.97
0.96
0.66
1.2
-1.08
0.51
-4.48
-2.66
-1.29
- -
Free Cash Flow per Basic Share
-1.21
-0.56
-0.51
0.08
-4.83
-4.52
0.04
2.57
-0.84
1.03
-1.02
2.54
2.7
- -
Dividend per Share
0.01
0.01
0.01
- -
0.02
0.02
0.02
- -
0.04
- -
- -
- -
- -
- -
Book Value per Share
12.3
12.11
12.53
13.81
14.9
15.57
14.54
17.45
12.46
15.05
11.31
9.23
8.55
8.55
Tangible Book Value per Share
12.3
12.11
12.53
13.81
14.9
15.57
14.54
17.45
12.46
15.05
11.31
9.23
8.55
8.55
Basic Weighted Avg Shares
725
790
820
834
841
841
841
841
841
841
841
841
841
841
Sales/Revenue/Turnover
1,308
1,359
1,461
1,862
1,925
2,420
2,632
2,740
2,789
2,303
1,903
2,509
6,421
- -
Operating Margin (%)
47.25
53.98
53.74
58.54
58.38
68.41
72.42
81.39
-26.62
-2.74
-290.53
-58.67
-1.44
- -
Depreciation Expense
165
169
166
199
212
196
218
204
224
223
217
212
220
- -
Net Income, GAAP
774
513
550
1,011
814
810
554
1,007
-906
429
-3,769
-2,235
-1,088
- -
Effective Tax Rate (%)
1.36
0.11
1.12
- -
1.48
2.05
0.43
3.93
- -
10.79
- -
- -
- -
- -
Profit Margin (%)
59.19
37.78
37.64
54.3
42.31
33.48
21.03
36.74
-32.48
18.62
-198.02
-89.11
-16.94
- -
Working Capital
7,923
7,210
8,219
8,917
12,281
14,720
11,516
11,751
7,442
9,601
4,332
2,081
3,572
3,572
LT Debt
4,460
5,499
6,408
6,710
9,992
12,729
12,647
13,178
13,550
12,865
12,050
10,855
10,207
10,207
Total Equity
19,005
19,902
20,730
22,084
23,768
24,830
23,126
27,448
20,051
23,956
18,118
14,884
13,772
13,772
Return on Invested Capital (%)
6.61
3.74
4.57
- -
5.04
4.87
3.83
4.78
- -
1.86
- -
- -
- -
- -
Return on Capital (%)
0.67
0.67
1.2
- -
1.12
1.47
1.79
1.46
- -
1.33
- -
- -
- -
- -
Return on Common Equity (%)
8.78
5.38
5.44
9.19
6.75
6.32
4.37
7.48
-7.2
3.71
-34.02
-25.89
-14.55
- -

Capital Structure

HKD

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
ST Debt
5,080
7,031
4,053
LT Borrowings
10,855
7,713
10,207
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
841
841
841
Market Capitalization
286
256
210

Working Capital

HKD

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
Total Current Assets
10,278
8,601
8,194
Cash, Cash Equivalents & STI
2,552
3,977
3,082
Accounts Receivable, Net
91
48
126
Inventories
6,355
2,696
3,227
Total Current Liabilities
8,197
7,788
4,622
Payables & Accruals
- -
- -
- -
ST Debt
5,080
7,031
4,053
Deferred Revenue
- -
- -
- -

Growth Rates

HKD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-2.67%
-11.43%
-7.47%
Free Cash Flow
-94.06%
-179.51%
6.19%
Net Income, GAAP
-129.44%
-281.7%
-51.35%
Sales/Revenue/Turnover
22.42%
30.95%
155.96%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
1,903
2025
- -
- -
2,509
2026
- -
- -
6,421

Semi-annual Earnings Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
-4.48
2025
- -
- -
-2.66
2026
- -
- -
-1.29

Semi-annual Dividends Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
- -
2026
- -
- -
- -

Company Description

CEO
Jing Poon
Full Time Employees
250
Sector
Finance
Industry
Real estate development
Address
YF Life Tower Hong Kong Hong Kong
IPO Date
Jan 6, 1986
Business
Asia Orient Holdings Limited, incorporated in 1996 and headquartered in Wanchai, Hong Kong, operates as an investment holding company primarily engaged in property management, development, and investment, hotel operations, and financial investments. The company’s core business spans property sales, leasing, hotel operations, and financial investment portfolio management, with geographical operations focused mainly in Hong Kong, Mainland China, and Vancouver, Canada. Its property development includes high-profile residential projects such as High Park in Hung Shui Kiu, the luxury development High Peak on Po Shan Road, and joint ventures in Beijing and Vancouver. The hotel segment manages five hotels located in key Hong Kong tourist districts, benefitting from strong tourism recovery. Financial investments largely include listed debt and equity securities primarily issued by PRC-based real estate companies. In its latest financial cycle ending September 2025, Asia Orient Holdings reported a significant revenue surge of 230% to HK$5.38 billion, driven mainly by property sales including the completion and delivery of High Park residential units and ongoing sales from luxury and mass-market developments. The group recorded a statutory loss attributable to shareholders of HK$219 million, primarily due to net losses on financial investments and fair value losses on investment properties. Notably, the company continues strategic repositioning to focus on its core pillars of property development, leasing, and hotel operations while actively reducing its net debt by 14% to HK$12.2 billion, improving its gearing ratio. Recent developments include expansion plans in Hong Kong’s luxury and mass-market residential segments, substantial progress on major projects in Mainland China and Vancouver, and maintaining high hotel occupancies with a positive outlook tied to Greater Bay Area initiatives and tourism growth. Asia Orient Holdings Ltd also holds a significant stake in Pan Ocean International Group Limited, and manages various subsidiaries including property management firms and hotel operations entities. The company emphasizes financial prudence, capital structure optimization, and diversification to mitigate market volatility. It has also undergone recent corporate governance enhancements and board composition adjustments during 2025 to comply with listing requirements. The company does not recommend an interim dividend for the period ending September 2025, reflecting continued investment and operational focus in challenging market conditions. Overall, Asia Orient Holdings Limited presents a diversified real estate and investment portfolio with concentrated efforts on premium and strategic property development, hotel business recovery, and strengthening financial footing in its key markets.