China Investments Holdings Ltd (0132) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of China Investments Holdings Ltd stock HK$0.15, price HK$0.15, upside +2.7%, quality 38 out of 100. Rating: fairly valued. Calculated from audited financials with 7 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 3, 2026.
How to read this chart
60‑month range HK$0.0924 – HK$0.5172 · fair‑value band HK$0.1200 – HK$0.3300 · the HK$0.1460 price screens below the HK$0.1500 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 3 fiscal years are left out: there the valuation rested on only a fraction of the usual models. As of Nov 3, 2026.
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Hing Yip Holdings Limited, an investment holding company, engages in the big data, civil explosives, property investment, financial leasing, hotel operation, and wellness elderly care businesses in Hong Kong and Mainland China.
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The company provides finance lease consulting services and financing services; and hotel ownership and management services, as well as leases hotel properties. It also offers financial investment services.
In addition, the company engages in elderly care activities; and industrial internet platform construction, smart city construction, and big data operation and management business.
Further, it manufactures and sells emulsion explosives, emulsion explosive industrial detonating cords, and explosive engineering products; and engages in property trading activities.
The company was formerly known as China Investments Holdings Limited and changed its name to Hing Yip Holdings Limited in January 2024. The company was incorporated in 1993 and is based in Tsim Sha Tsui, Hong Kong. Hing Yip Holdings Limited operates as a subsidiary of Prize Rich Inc.
Stock analysis
China Investments Holdings Ltd (0132) currently trades at HK$0.1460, while our model-based Fair Value estimate is HK$0.1500, so the stock looks roughly fairly valued today (gap 2.7%).
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Valuation
Bull case: the Economic Profit group reads highest at a median of HK$0.4400 per share, and 6 of the 7 models we run sit above the HK$0.1460 price.
Bear case: the Asset-Based group reads lowest at HK$0.2000, and 1 of the 7 models stay below the price. Data coverage for this calculation is low.
Scenario range: HK$0.1200 (bear) to HK$0.3300 (bull), the price of HK$0.1460 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 38/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
China Investments Holdings Ltd reported revenue of HK$884M in FY2025 versus HK$521M in FY2021, a compound +14.1%/yr. Reported net income was HK$12.0M in FY2025.
Key figures
Market cap HK$250M (≈ $31.9M) Micro · P/E ratio 14.1 · P/S ratio 0.19 · Dividend yield 4.1% · Net margin 1.4% · Return on equity 3.6% · Return on assets (EBIT) 0.9% (5-year average) · Operating margin 20.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 30 out of 100 (medium confidence).
What moves the price
The share trades about 44% below its 52-week high and 7% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 5% fair-value upside, at 3%, 0132 screens richer than that median.
Fair Value models
BearHK$0.1200Fair Value HK$0.1500BullHK$0.3300
Price HK$0.1460 · Upside +2.7%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+10.6%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.8%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+24.7%
Start year 2020 (pandemic). Over 10 years: +37.9% a year
Revenue growth 25 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+14.0%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−25.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−29.5%
Dividend (yield on the price)4.1%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−29.5% vs −14.3%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−19% → 17%
Compare China Investments Holdings Ltd with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Conglomerates · 303 stocks
Beats the industry median on 4/13 measures
Overall it trails its industry peers.
Valuation
Quality Score38 · Bottom 25%
Fair Value upside+2.7% · Below median
Profitability
Return on equity (12 months)3.6% · Below median
Return on assets1.0% · Bottom 25%
Net margin (12 months)9.5% · Above median
Operating margin (12 months)20.9% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−5.4% · Bottom 25%
Dividend yield (12 months)4.1% · Top 25%
Balance sheet
Debt / equity3.12× · Highest 25%
Valuation Multiplesvs Conglomerates median · lower = cheaper
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Is China Investments Holdings Ltd (0132) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of HK$0.1500 versus a price of HK$0.1460, about +3% upside (fairly valued).
What is the fair value of 0132?
Our model-based fair value for China Investments Holdings Ltd is HK$0.1500 (as of Nov 3, 2026), built from audited fundamentals. The current price: HK$0.1460.
What is the quality score of 0132?
China Investments Holdings Ltd has a Quality Score of 38/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for China Investments Holdings Ltd (0132)?
Our model-based price target is the fair value of HK$0.1500 (as of Nov 3, 2026) from 7 valuation models. Cautious scenario HK$0.1200, optimistic scenario HK$0.3300. It is a calculation from audited fundamentals, not an analyst target.
What is the China Investments Holdings Ltd stock forecast for 2026?
Our models put fair value at HK$0.1500, about +3% upside versus a price of HK$0.1460 (fairly valued). Cautious scenario HK$0.1200, optimistic scenario HK$0.3300. The calculation is refreshed regularly with new filings.
What is the revenue of China Investments Holdings Ltd (0132)?
China Investments Holdings Ltd reported trailing-twelve-month revenue of about HK$861M (latest available figure, as of Nov 3, 2026).
Does China Investments Holdings Ltd pay a dividend?
China Investments Holdings Ltd currently shows a dividend yield of 4.11% relative to its recent price (as of Nov 3, 2026).
How much is the dividend of China Investments Holdings Ltd (0132) and when is the ex-dividend date?
China Investments Holdings Ltd pays a dividend of HK$0.006 per share a year, a dividend yield of 4.1%. The last ex-dividend date was Jul 3, 2026. The payout ratio is 85.9% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of China Investments Holdings Ltd (0132)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For China Investments Holdings Ltd it is HK$0.1500 per share (as of Nov 3, 2026), against a price of HK$0.1460. It is the blended result of 7 valuation models in 5 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Economic Profit).
Is China Investments Holdings Ltd stock overvalued or undervalued in 2026?
As of Nov 3, 2026, 0132 trades below its calculated fair value: price HK$0.1460, fair value HK$0.1500, a gap of about +3% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 0132?
No. The price is what the market pays today (HK$0.1460); the fair value is what the company's own numbers justify (HK$0.1500). For China Investments Holdings Ltd the two are HK$0.0040 per share apart. That gap is exactly why we show both numbers side by side.
How much is China Investments Holdings Ltd worth?
The market values China Investments Holdings Ltd at about HK$250M (market capitalisation, as of Nov 3, 2026). Per share that is HK$0.1460; our models calculate a fair value of HK$0.1500 per share.
What do the bullish and bearish scenarios say about 0132?
Our models span a range for China Investments Holdings Ltd: cautious scenario HK$0.1200, base HK$0.1500, optimistic HK$0.3300 per share (as of Nov 3, 2026, price HK$0.1460). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 0132?
China Investments Holdings Ltd trades at a price-to-earnings ratio of 14.1 (as of Nov 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of HK$0.1500 is built from several models across several years. Median P/E at fiscal year-end, 6 fiscal years (2017 to 2025), reported earnings: 13.6. Other multiples: P/B 0.2, P/S 2.0, EV/EBITDA 101.9.
How solid is the balance sheet of China Investments Holdings Ltd (0132)?
Balance-sheet figures for China Investments Holdings Ltd (as of Nov 3, 2026): return on equity 3.6%, debt of 3.12 per unit of equity. They feed the Quality Score of 38/100, which measures business quality independently of the share price.
How far is 0132 from its 52-week high?
China Investments Holdings Ltd trades at HK$0.1460, about 44% below its 52-week high of HK$0.2617 and 7% above the low of HK$0.1360 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of HK$0.1500 is for.
Which stocks are comparable to China Investments Holdings Ltd?
From the same area (Industrials) we also value 3M Company, Honeywell International Inc, Swire Pacific Limited, SGH Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is China Investments Holdings Ltd stock attractive at the current price?
The data as of Nov 3, 2026: price HK$0.1460, calculated fair value HK$0.1500 (+3%), Quality Score 38/100, from 7 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 0132 calculated?
We run China Investments Holdings Ltd through 7 models from 5 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of HK$0.1500 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. China Investments Holdings Ltd currently trades 3% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of China Investments Holdings Ltd (0132)?
The closing price on Nov 9, 2026 was HK$0.1460. Our model-based fair value is HK$0.1500, about +3% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with China Investments Holdings Ltd right now?
The model range is unusually wide (HK$0.1200 to HK$0.3300). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of China Investments Holdings Ltd
How large is the market capitalisation of China Investments Holdings Ltd (0132)?
The market capitalisation of China Investments Holdings Ltd is HK$250M (≈ $31.9M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of China Investments Holdings Ltd (0132)?
The price-to-sales ratio of China Investments Holdings Ltd is 0.19 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of China Investments Holdings Ltd (0132)?
The dividend yield of China Investments Holdings Ltd is 4.1%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of China Investments Holdings Ltd (0132)?
The net margin of China Investments Holdings Ltd is 1.4% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of China Investments Holdings Ltd (0132)?
The return on equity (ROE) of China Investments Holdings Ltd is 3.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of China Investments Holdings Ltd (0132)?
On an EBIT basis the return on assets of China Investments Holdings Ltd is 0.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of China Investments Holdings Ltd (0132)?
The operating margin of China Investments Holdings Ltd is 20.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at China Investments Holdings Ltd (0132)?
Revenue at China Investments Holdings Ltd is growing −5.4% versus a year earlier (3y avg +8.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at China Investments Holdings Ltd (0132)?
Earnings per share at China Investments Holdings Ltd are growing −3.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does China Investments Holdings Ltd (0132) generate?
The free cash flow of China Investments Holdings Ltd is −HK$781M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does China Investments Holdings Ltd (0132) carry?
The net debt of China Investments Holdings Ltd is HK$5.4B (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Nov 3, 2026