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China Investments Holdings Ltd (0132) fair value: what the stock is really worth

As of Sep 24, 2026: fair value of China Investments Holdings Ltd HK$0.28, price HK$0.14, upside +100.0%, quality 38 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? No
  3. Add to watchlist

Industrials · HK · ISIN BMG210751092

CI Thin data Sep 24, 2026

China Investments Holdings Ltd

0132 · HK

Cheap, value-trap riskThe stock looks deeply undervalued, but low quality raises value-trap risk.

✓Fair value HK$0.2800 · Strongly undervalued (+100%)
!Quality 38/100
!Expensive Growth (revenue 5y +24.7 %/yr)
!Thin margins · 1.4% net margin (TTM)
!High debt · negative free cash flow
·4.29% dividend yield
!Mixed vs. peers (6/13)
!Narrow moat 34/100
!Evidence only low, so the estimate is less certain
!Weak on past: 17 out of 100

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

HK$0.5336 HK$0.0953 Fair Value HK$0.2800 May 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.

How to read this chart

60‑month range HK$0.0953 – HK$0.5336 · fair‑value band HK$0.1020 – HK$0.2800 · the HK$0.1400 price screens below the HK$0.2800 fair value. Dashed = 300-day average. As of Sep 24, 2026.

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Company profile

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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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. 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$0.1400, while our model-based Fair Value estimate is HK$0.2800, implying the stock looks roughly 50.0% undervalued today.

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Valuation

Bull case: the Asset-Based group reads highest at a median of HK$0.4700 per share, and 4 of the 6 models we run sit above the HK$0.1400 price.

Bear case: the Multiples group reads lowest at HK$0.1200, and 2 of the 6 models stay below the price. Evidence for this calculation is low.

Scenario range: HK$0.1020 (bear) to HK$0.2800 (bull), the price of HK$0.1400 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$324M (≈ $41.3M) · P/E ratio 18.9 · P/S ratio 0.26 · Dividend yield 4.3% · Net margin 1.4% · Return on equity 4.3% · Return on assets (EBIT) 0.9% · Operating margin 17.4%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).

What moves the price

The share trades about 48% below its 52-week high and 2% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Industrials peers we cover trades at 16% fair-value upside, at 100%, 0132 screens cheaper than that median.

Fair Value models

Bear HK$0.1020 Fair Value HK$0.2800 Bull HK$0.2800
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. 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. Evidence ⓘEvidence = 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.
Highest evidence
Owner Earnings n/a n/a HK$1.82 73
Residual Income HK$0.4700 HK$0.4300 HK$0.3100 71
Graham-Dodd HK$0.0500 HK$0.3300 HK$0.4600 63
All 7 models by family
DCF Models
Owner Earnings n/a n/a HK$1.82 73
Earnings-Based
Graham-Dodd HK$0.0500 HK$0.3300 HK$0.4600 63
Lynch FV HK$0.1000 HK$0.1400 HK$0.1900 61
Multiples
P/E Multiple HK$0.1200 HK$0.1500 HK$0.1900 63
P/B Multiple HK$0.0900 HK$0.1200 HK$0.1500 55
Asset-Based
NCAV (Graham) HK$0.3500 HK$0.4700 HK$0.6900 54
Economic Profit
Residual Income HK$0.4700 HK$0.4300 HK$0.3100 71

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Quality Score breakdown

Overall quality 38/100

Of which business quality 32 · Market factors (momentum, volatility) 19

Profitability 13
Margins and returns on capital today
Quality Growth 48
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 9
Balance sheet, leverage, solvency risk
Investment 88
Disciplined investing over empire-building
Low Volatility 51
Calm price path (market factor)
Momentum 8
Price trend over the last 3–12 months (market factor)
52W Momentum 1
Distance to the 52-week high (market factor)
Net Issuance 82
Share count: buybacks or dilution?

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Revenue & earnings trend

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%
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.
−25.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−29.5%
Dividend (yield on the price)4.3%
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.−30% vs −14%, 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%
Start year 2020 (pandemic)

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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 · 377 stocks

Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 38 · Bottom 25%
Fair Value upside +100% · Top 25%
Profitability
Return on equity (TTM) 4% · Below median
Return on assets 1% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 17% · Top 25%
Growth and dividend
Revenue growth 20% · Top 25%
Dividend yield (TTM) 4.3% · Top 25%
Balance sheet
Debt / equity 3.12× · Highest 25%

Valuation Multiplesvs Conglomerates median · lower = cheaper

P/E (TTM) 18.9× · Pricier than median
P/B 0.27× · Cheapest 25%
P/S (TTM) 0.37× · Cheaper than median
EV/EBITDA 14.1× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 33
FUTURE (revenue growth)100 · sector 17
PAST (return on equity)17 · sector 19
HEALTH (low debt)0 · sector 89
DIVIDEND (yield)86 · sector 41

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

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3M Company MMM $170.30 $71.86 −58%
Honeywell International Inc HON $211.79 $244.82 +16%
CITIC Limited 0267 HK$13.08 HK$26.16 +100%
Poste Italiane S.p.A PST €25.71 €9.10 −65%
Swire Pacific Limited 0019 HK$102.80 HK$28.34 −72%
CK Hutchison Holdings 0001 HK$67.60 HK$135.20 +100%
SK Inc 034730 611,000 KRW 351,594 KRW −42%
Jardine Matheson Holdings J36 $57.30 $79.11 +38%
Kingboard Holdings 0148 HK$55.55 HK$85.25 +53%
SGH Limited SGH A$36.69 A$42.47 +16%

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Cite: Fair Value Calculator (2026). "China Investments Holdings Ltd Fair Value". https://www.fairvalue-calculator.com/stock/0132

Frequently asked questions

Is China Investments Holdings Ltd (0132) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of HK$0.2800 versus a price of HK$0.1400, about +100% upside (undervalued).
What is the fair value of 0132?
Our model-based fair value for China Investments Holdings Ltd is HK$0.2800 (as of Sep 24, 2026), built from audited fundamentals. The current price: HK$0.1400.
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$0.2800 (as of Sep 24, 2026) from 7 valuation models. Cautious scenario HK$0.1020, optimistic scenario HK$0.2800. 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$0.2800, about +100% upside versus a price of HK$0.1400 (undervalued). Cautious scenario HK$0.1020, optimistic scenario HK$0.2800. 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$884M (latest available figure, as of Sep 24, 2026).
Does China Investments Holdings Ltd pay a dividend?
China Investments Holdings Ltd currently shows a dividend yield of about 4.29% relative to its recent price (as of Sep 24, 2026).
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$0.2800 per share (as of Sep 24, 2026), against a price of HK$0.1400. It is the blended result of 7 valuation models (cash flow, earnings, asset, dividend).
Is China Investments Holdings Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 0132 trades below its calculated fair value: price HK$0.1400, fair value HK$0.2800, a gap of about +100% (undervalued). 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$0.1400); the fair value is what the company's own numbers justify (HK$0.2800). For China Investments Holdings Ltd the two are HK$0.1400 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$324M (market capitalisation, as of Sep 24, 2026). Per share that is HK$0.1400; our models calculate a fair value of HK$0.2800 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$0.1020, base HK$0.2800, optimistic HK$0.2800 per share (as of Sep 24, 2026, price HK$0.1400). 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 18.9 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of HK$0.2800 is built from several models across several years. Other multiples: P/B 0.3, P/S 0.4, EV/EBITDA 14.1.
How solid is the balance sheet of China Investments Holdings Ltd (0132)?
Balance-sheet figures for China Investments Holdings Ltd (as of Sep 24, 2026): return on equity 4.3%, 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$0.1400, about 48% below its 52-week high of HK$0.2700 and 2% above the low of HK$0.1370 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of HK$0.2800 is for.
Which stocks are comparable to China Investments Holdings Ltd?
From the same area (Industrials) we also value 3M Company, Honeywell International Inc, CITIC Limited, Poste Italiane S.p.A, 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 Sep 24, 2026: price HK$0.1400, calculated fair value HK$0.2800 (+100%), 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 four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of HK$0.2800, 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 14.0 % above its aggregate fair value. China Investments Holdings Ltd currently trades 100 % 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 Sep 24, 2026 was HK$0.1400. Our model-based fair value is HK$0.2800, about +100% upside (undervalued). 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 large discount to fair value meets weak quality (38/100). That raises the risk this is a value trap rather than a bargain. The model range is unusually wide (HK$0.1020 to HK$0.2800). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

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$324M (≈ $41.3M). 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 0.26 (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 4.3%. 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% (fiscal year 2025). 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 4.3% (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 17.4% (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 +20.0% 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 −92.3% 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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