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    Real estate development
Aspen (Group) Holdings Ltd.

Aspen (Group) Holdings Ltd.

SSGX:1F3
0.02
SGD
0.00
(0.00%)
63.91MMarket Cap
Aspen (Group) Holdings Ltd.
SGX:1F3
(Singapore Exchange)

Recent

price

0.02

P/E

ratio

- -

div

yld

- -

ROIC.AI

2014
2015
2016
2017
2018
2019
2020
2021
2023
2024
2025
2026
TTM
MYR
- -
0.06
0.11
0.59
0.62
0.3
0.28
0.17
0.25
0.22
0.23
0.19
- -
Revenue per Share
-0.01
0.01
- -
0.11
0.04
0.02
0.07
-0.07
-0.18
0.04
0.06
-0.02
- -
Basic EPS, GAAP
-0.05
-0.01
0.09
-0.08
-0.02
-0.3
-0.03
0.21
0.12
0.08
-0.06
0.09
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.02
0.04
0.05
0.32
0.42
0.43
0.52
0.45
0.18
0.21
0.27
0.22
0.4
Book Value per Share
0.02
0.04
0.01
0.29
0.4
0.43
0.52
0.45
0.18
0.21
0.27
0.22
0.4
Tangible Book Value per Share
867
867
867
768
926
964
996
1,083
1,083
1,083
1,083
1,083
968
Basic Weighted Avg Shares
- -
53
100
453
570
288
283
185
270
233
247
201
- -
Sales/Revenue/Turnover
- -
16.8
5.51
28.27
14.1
15
9.57
-22.76
-5.25
-5.19
31.24
-3.73
- -
Operating Margin (%)
- -
1
3
5
6
9
13
18
18
10
7
4
- -
Depreciation Expense
-8
5
- -
82
41
19
73
-76
-195
38
66
-17
- -
Net Income, GAAP
- -
12.15
117.39
25.61
35.09
41.78
13.17
- -
- -
- -
12.94
- -
- -
Effective Tax Rate (%)
- -
8.93
-0.31
18.13
7.18
6.49
25.72
-40.82
-72.31
16.39
26.83
-8.68
- -
Profit Margin (%)
45
104
78
284
353
289
313
54
-8
-12
6
155
268
Working Capital
46
34
45
62
116
289
298
324
100
32
18
19
307
LT Debt
21
35
42
297
429
471
628
578
213
287
351
434
447
Total Equity
- -
6.21
-0.55
33.17
10.46
3.41
2.38
- -
- -
- -
16.39
- -
- -
Return on Invested Capital (%)
- -
4.47
-0.57
25.36
7.66
2.4
7.34
- -
- -
- -
19.89
- -
- -
Return on Capital (%)
- -
17.97
-0.87
51.27
11.92
4.55
14.82
-14.3
-57.3
18.25
25.32
-6.58
- -
Return on Common Equity (%)

Capital Structure

MYR

•

in mil. unless spec.
Sep'19
Dec'19
Jun'20
ST Debt
85
124
134
LT Borrowings
333
276
295
LT Finance Leases
6
13
12
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
963
964
983
Market Capitalization
353
231
196

Working Capital

MYR

•

in mil. unless spec.
Sep'19
Dec'19
Jun'20
Total Current Assets
1,074
739
739
Cash, Cash Equivalents & STI
115
68
59
Accounts Receivable, Net
335
43
69
Inventories
576
502
531
Total Current Liabilities
509
450
472
Payables & Accruals
- -
- -
- -
ST Debt
85
124
134
Deferred Revenue
- -
- -
- -

Growth Rates

MYR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
71.96%
1.9%
23.55%
Free Cash Flow
-120.13%
-268.54%
-238.67%
Net Income, GAAP
-2,708.31%
-43.66%
-126.37%
Sales/Revenue/Turnover
40.4%
-2.99%
-18.52%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

MYR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
94
233
2025
- -
145
247
2026
- -
136
201

Semi-annual Earnings Per Share

MYR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
-0.05
0.04
2025
- -
- -
0.06
2026
- -
-0.01
-0.02

Semi-annual Dividends Per Share

MYR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
- -
2026
- -
- -
- -
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Business
Aspen (Group) Holdings Limited is a Malaysia-based investment holding and property development company specializing in affordable residential and commercial real estate, master-planned townships, food and beverage retail, and corporate management services. Founded in 2013 and headquartered in George Town, Penang, Malaysia, the group primarily serves middle-income homebuyers, retail consumers, and commercial tenants across Malaysia and Singapore. The company operates through three principal business segments: Property Development, Food and Beverage, and Investment Holdings and Management Services. Its core products and services encompass: integrated mixed-use township developments, prominently featuring the 247-acre Aspen Vision City in Batu Kawan, Penang, developed in joint venture with Ikano Retail; residential real estate projects, including high-rise condominiums, executive apartments, and landed housing under developments such as Vertu Resort, Vivo Executive Apartment, Versa, Viluxe, Tri Pinnacle, and Beacon Executive Suites; commercial and retail properties, comprising the Vervea commercial trade precinct and retail shop offices; food and beverage operations, consisting of the franchise ownership and operation of the authentic Japanese ramen restaurant chain Kanada-Ya across outlets in Singapore and Malaysia; and corporate support capabilities, including project management, construction support, and information technology services. In recent strategic developments, Aspen (Group) Holdings Limited has advanced a portfolio rationalization program aimed at de-risking its financial position and reallocating capital toward flagship property pipelines. The group completed key joint-venture divestments, including the disposal of equity stakes in Tanjung Bungah Development Sdn. Bhd. and Kerjaya Property Aspen Sdn. Bhd., alongside the orderly liquidation of non-core subsidiaries following the earlier cessation of its medical examination glove manufacturing business under Aspen Glove Sdn. Bhd. Concurrently, the group strengthened its commercial pipeline through a strategic collaboration with Kerjaya Prospek, securing a major transit-oriented mixed-use development project awarded by the Railway Assets Corporation in Perai, Penang, while executing comprehensive board governance and operational reorganizations to enhance long-term financial stability.