Asiasec Properties Ltd (0271) Fair Value & Analysis

Real Estate · HK · Market cap HK$191M (≈ $24.4M) · ISIN HK0271007608

What is Asiasec Properties Ltd really worth?

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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

What matters 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 price is below even our cautious bear case (HK$0.2900). The market is more pessimistic than our downside scenario.
• The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
• A fairly wide model range (HK$0.2900 to HK$0.5800) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range HK$0.1300 – HK$0.8843 · fair‑value band HK$0.2900 – HK$0.5800 · the HK$0.1490 price screens below the HK$0.3900 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Asiasec Properties Ltd (0271) currently trades at HK$0.1490, while our model-based Fair Value estimate is HK$0.3900, implying the stock looks roughly 61.8% undervalued today. The Quality Score stands at 38/100 (below-average quality), in the Real Estate sector. Bull case: the Asset-Based group reads highest at a median of HK$0.8200 per share, and 2 of the 4 models we run sit above the HK$0.1490 price. Bear case: the Multiples group reads lowest at HK$0.1100, and 2 of the 4 models stay below the price. Evidence for this calculation is low.

Trailing-twelve-month revenue stands at HK$50.3M. Revenue grew 18.5% year over year. It earns a return on equity of −13.1%. Net debt stands at HK$501M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.2900 (bear case) to HK$0.5800 (bull case); at HK$0.1490, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 29% below its 52-week high and 10% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at −23% fair-value upside, at 162%, 0271 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Widest divergence: Asset-Based (HK$0.8200) versus Multiples (HK$0.1100). Highest evidence: EV/EBIT (62).

Key figures & financial health

Quality Score breakdown

About the company

Asiasec Properties Limited, an investment holding company, engages in the property investment, property leasing, and estate management businesses primarily in Hong Kong. The company leases commercial and residential properties, as well as car parks. It also provides financing, property management, and management services.

Full company description

Asiasec Properties Limited, an investment holding company, engages in the property investment, property leasing, and estate management businesses primarily in Hong Kong. The company leases commercial and residential properties, as well as car parks. It also provides financing, property management, and management services. The company was formerly known as Dan Form Holdings Company Limited and changed its name to Asiasec Properties Limited in June 2017. The company was incorporated in 1973 and is based in Wan Chai, Hong Kong. Asiasec Properties Limited operates as a subsidiary of Autobest Holdings Limited.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Asiasec Properties Ltd reported revenue of HK$53.9M in FY2025 versus HK$56.0M in FY2021, a compound −1.0%/yr. Reported net income was −HK$214M in FY2025.

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Peer Group

Real Estate Services · 525 stocks

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.

Valuation Multiples vs Real Estate Services median · lower = cheaper

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

Values & ESG

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

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