AMS Public Transport Holdings Limited

AMS Public Transport Holdings Limited

HHKEX:77
0.50
HKD
-0.02
(-4.76%)
114.20MMarket 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
1.34
1.34
1.4
1.4
1.41
1.45
1.34
1.12
1.25
1.38
1.45
1.53
1.6
- -
Basic EPS, GAAP
-0.07
-0.09
0.11
0.11
-0.11
-0.16
-0.13
0.08
-0.07
0.14
-0.04
0.03
0.07
- -
Free Cash Flow per Basic Share
0.02
0.06
0.16
-0.05
0.08
0.08
0.25
0.42
0.25
0.48
0.36
0.37
0.47
- -
Dividend per Share
0.05
0.01
0.05
0.1
0.1
0.05
0.08
0.03
0.07
0.03
0.09
0.04
0.04
- -
Book Value per Share
1.01
0.89
0.95
0.97
0.7
0.47
0.26
0.31
0.17
0.28
0.14
0.13
0.16
0.16
Tangible Book Value per Share
-0.37
-0.34
-0.26
-0.39
-0.43
-0.4
-0.44
-0.29
-0.36
-0.17
-0.18
-0.12
-0.04
-0.04
Basic Weighted Avg Shares
266
266
266
269
271
272
272
272
272
272
272
272
272
272
Sales/Revenue/Turnover
357
356
371
378
384
393
365
303
339
375
394
415
436
- -
Operating Margin (%)
3.43
-2.08
11.1
9.65
3.96
7.34
2.79
14.16
-0.43
15.81
7.09
7.32
8.87
- -
Depreciation Expense
2
2
2
2
3
3
72
70
68
70
71
70
71
- -
Net Income, GAAP
-18
-23
29
30
-29
-43
-36
22
-18
39
-12
8
18
- -
Effective Tax Rate (%)
- -
- -
18.64
17.2
- -
- -
- -
- -
- -
5.9
- -
34.82
26.63
- -
Profit Margin (%)
-5.08
-6.43
7.93
8.05
-7.64
-11.01
-9.96
7.19
-5.42
10.48
-3.04
2.02
4.12
- -
Working Capital
28
27
45
36
7
-19
-51
-42
-78
-9
-39
-43
8
8
LT Debt
147
138
132
166
150
120
143
229
159
118
199
115
74
74
Total Equity
269
237
254
262
189
128
70
83
46
77
39
37
44
44
Return on Invested Capital (%)
- -
- -
8.13
7.88
- -
- -
- -
- -
- -
23.89
- -
9.33
17.25
- -
Return on Capital (%)
- -
- -
8.16
7.92
- -
- -
- -
- -
- -
16.71
- -
5.42
11.14
- -
Return on Common Equity (%)
-6.2
-9.04
11.98
11.8
-12.99
-27.25
-36.79
28.55
-28.48
63.98
-20.61
22.19
44.63
- -

Capital Structure

HKD

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
ST Debt
86
87
41
LT Borrowings
82
78
74
LT Finance Leases
33
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
272
272
272
Market Capitalization
126
111
114

Working Capital

HKD

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
Total Current Assets
77
81
102
Cash, Cash Equivalents & STI
67
71
93
Accounts Receivable, Net
2
4
2
Inventories
- -
- -
- -
Total Current Liabilities
120
124
93
Payables & Accruals
- -
- -
- -
ST Debt
86
87
41
Deferred Revenue
- -
- -
- -

Growth Rates

HKD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-9.57%
-2.56%
19.48%
Free Cash Flow
-2.39%
10.98%
28.92%
Net Income, GAAP
-100.58%
-136.92%
114.02%
Sales/Revenue/Turnover
1.96%
7.57%
5.09%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
394
2025
- -
- -
415
2026
- -
- -
436

Semi-annual Earnings Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
-0.04
2025
- -
- -
0.03
2026
- -
- -
0.07

Semi-annual Dividends Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.09
2025
- -
- -
0.04
2026
- -
- -
0.04

Company Description

CEO
Man Chun Chan
Full Time Employees
1,268
Sector
Transportation
Industry
Other transportation
Address
Abba Commercial Building Hong Kong Hong Kong
IPO Date
Apr 15, 2004
Website
amspt.com
Business
AMS Public Transport Holdings Limited operates as an investment holding company primarily engaged in franchised public light bus (PLB) and residents’ bus transportation services. The company operates 73 franchised PLB routes with a fleet of 354 PLBs and 4 residents’ bus routes with 7 public buses, serving the Hong Kong market extensively. In addition to transportation services, AMS provides repair and maintenance services for PLBs and offers PLB hiring services. The company’s fleet includes eco-friendly public minibuses equipped with advanced passenger comfort facilities. AMS also incorporates technology enhancements such as mobile payment options to improve user convenience. Founded in 1975 and headquartered in Aberdeen, Hong Kong, AMS Public Transport Holdings Limited has established itself as a leading player in the public transportation sector. Its operations encompass key strategic geographic segments within Hong Kong, covering 47 green minibus (GMB) routes on Hong Kong Island, 24 in the New Territories, and additional routes. The company leverages government policies favoring the conversion of residents’ minibuses (RMBs) to green minibuses as part of its growth strategy. Recently, AMS has increased its number of PLB routes from 72 to 73 as of March 2025 and continues to adjust fleet size, service hours, and introduce express routes to better meet passenger demand. It has replaced aged leased PLBs with new units bearing higher rental rates, reflecting a commitment to service quality improvement. The company also focuses on expansion by acquiring other corporate GMB route operators and tendering for new routes. AMS reported revenue growth driven by fare increases and a 2.9% rise in patronage during the 2024-2025 fiscal period. It has maintained a focus on upgrading its technology infrastructure to enhance operational efficiency and customer service. AMS operates within the public transportation industry, targeting daily commuters, residential bus users, and general city transit passengers, with particular focus on Hong Kong and British Virgin Islands markets. The firm remains committed to growth through strategic route network expansions and continuous fleet modernization to meet evolving transportation needs. AMS Public Transport Holdings Limited thus combines core public transport services with strategic operational enhancements and technological adoption to maintain its leadership position in Hong Kong’s mini-bus and residents’ bus transportation sector.