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Core Economy Investment Group Ltd (0339) fair value: what the stock is really worth

As of Nov 13, 2026: fair value (intrinsic value) of Core Economy Investment Group Ltd stock HK$0.16, price HK$0.29, that is 43.9% below the price, quality 45 out of 100. Rating: strongly overvalued. Calculated from audited financials with 2 of our 26 valuation models and 37 quality factors, updated daily.

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Financial Services HK · ISIN BMG2423L1019

CE Core Economy Investment Group Ltd logo Thin data Nov 14, 2026

Core Economy Investment Group Ltd

0339 · HK

Far too expensive (fair value 44% below the price) and weak company, but rising price: meets 1 of 3 rules.

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Rising price (uptrend) 
Quality 45/100 
Revenue last quarter 76% below a year ago. 
Fair value HK$0.1600 · Strongly overvalued 
Weak Growth (revenue 5y −34.3 %/yr in HKD) 
Negative free cash flow 
Trails peers (1/7) 
Narrow moat 42/100 · thin data
Thin data 
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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 →

Price vs Fair Value

HK$0.9200 HK$0.0742 Fair Value HK$0.1600 Jul 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 14, 2026.

How to read this chart

60‑month range HK$0.0742 – HK$0.9200 · fair‑value band HK$0.1600 – HK$0.2400 · the HK$0.2850 price screens above the HK$0.1600 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 14, 2026.

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Company profile

Core Economy Investment Group is a publicly owned investment manager. It invests in listed and unlisted companies in Hong Kong and the People's Republic of China.

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The company has interests in China Elegance International Fashion Limited, which engages in investment holding, properties trading, iron ores and steel trading, trading of leather materials, as well as the manufacturing, trading, and distribution of consumer products, including leather and nonleather garments and leatherware products; and China Mobile (Hong Kong) Limited, which engages in the provision of mobile communications and related services in the People's Republic of China.

Core Economy Investment Group is based in Wanchai, Hong Kong.

Stock analysis

Core Economy Investment Group Ltd (0339) currently trades at HK$0.2850, while our model-based Fair Value estimate is HK$0.1600, 44% below the price, so the stock looks overvalued today.

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Valuation

How firm this estimate is: it rests on 2 models at a data quality of 96/100, which puts the data coverage at low.

Scenario range: HK$0.1600 (bear) to HK$0.2400 (bull), the price of HK$0.2850 sits above 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 45/100 (below-average quality), in the Financial Services sector.

Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.

Core Economy Investment Group Ltd reported revenue of HK$76.0K in FY2025 versus HK$603K in FY2021, a compound −40.4%/yr. Reported net income was HK$3.7M in FY2025.

Key figures

Market cap HK$123M (≈ $15.7M) Micro · P/E ratio 70.5 · Return on equity −112% · Return on assets (EBIT) −61.8% (5-year average) · Operating margin −25,101% · Revenue growth (YoY) −76.4% · Free cash flow −HK$3.2M · Net cash HK$4.1M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).

What moves the price

The share trades about 69% below its 52-week high and 113% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at −4% fair-value upside, at −44%, 0339 screens richer than that median.

Fair Value models

Bear HK$0.1600 Fair Value HK$0.1600 Bull HK$0.2400
Price HK$0.2850 · Downside -43.9%
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.
Best data coverage
P/B Multiple HK$0.0200 HK$0.0200 HK$0.0300 55
NCAV (Graham) HK$0.0200 HK$0.0200 HK$0.0300 53
All 2 models by family
Multiples
P/B Multiple HK$0.0200 HK$0.0200 HK$0.0300 55
Asset-Based
NCAV (Graham) HK$0.0200 HK$0.0200 HK$0.0300 53

Open the full fair value analysis →

Quality Score breakdown

Overall quality 45/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 60
How much profit the company makes from its sales and capital
Quality Growth 80
Are margins and returns getting better?
Cashflow 0
Do the profits arrive as real cash?
Financial strength 100
Debt, balance sheet and risk of trouble
Investment 37
Does it invest with discipline instead of growing at any price?
Low Volatility 9
How calm the share price moves, does not count
Price momentum 33
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 60
Distance to the 52-week high, does not count
New shares 0
Buys back shares or issues new ones?

Open the full quality analysis →

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. 2/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
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.
−36.2%
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.
−34.3%
Start year 2020 (pandemic)
Revenue growth 21 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.
−8.9%
Profit margin (trend) ⓘ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.
−1,449.8% (2020) → −3,292.9% (2025)

0339 screens overvalued: fair value 44% below the price. Compare with Blackstone Inc →

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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.Asset Management · 634 stocks

Beats the industry median on 1/6 measures
Overall it trails its industry peers.
Valuation
Quality Score 45 · Bottom 25%
Fair Value upside −43.9% · Bottom 25%
Profitability
Return on assets 25.5% · Top 25%
Growth and dividend
Revenue growth (quarter YoY) −76.4% · Bottom 25%

Valuation Multiplesvs Asset Management median · lower = cheaper

P/E (12 months) 70.5× · Priciest 25%
P/B 10.11× · Priciest 25%

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

Similar stocks

10 more Asset Management stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Raymond James Financial, Inc RJF $168.64 $281.42 +67% vs 0339
Apollo Global Management, Inc APO $123.47 $197.52 +60% vs 0339
Ameriprise Financial, Inc AMP $519.43 $639.69 +23% vs 0339
Exor N.V EXO €73.45 €75.65 +3% vs 0339
State Street Corporation STT $173.45 $166.70 −4% vs 0339
Northern Trust Corporation NTRS $178.24 $133.48 −25% vs 0339
Ares Management Corporation ARES $134.61 $99.35 −26% vs 0339
Blackstone Inc BX $120.19 $52.29 −56% vs 0339
Brookfield Corporation BN $40.97 $13.43 −67% vs 0339
KKR & Co KKR $98.05 $27.63 −72% vs 0339

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Core Economy Investment Group Ltd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Core Economy Investment Group Ltd Fair Value". https://www.fairvalue-calculator.com/stock/0339.HK

Frequently asked questions

Is Core Economy Investment Group Ltd (0339) overvalued or undervalued?
As of Nov 14, 2026, our model estimates a fair value of HK$0.1600 versus a price of HK$0.2850, about 44% lower (overvalued).
What is the fair value of 0339?
Our model-based fair value for Core Economy Investment Group Ltd is HK$0.1600 (as of Nov 14, 2026), built from audited fundamentals. The current price: HK$0.2850.
What is the quality score of 0339?
Core Economy Investment Group Ltd has a Quality Score of 45/100. 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 Core Economy Investment Group Ltd (0339)?
Our model-based price target is the fair value of HK$0.1600 (as of Nov 14, 2026) from 2 valuation models. Cautious scenario HK$0.1600, optimistic scenario HK$0.2400. It is a calculation from audited fundamentals, not an analyst target.
What is the Core Economy Investment Group Ltd stock forecast for 2026?
Our models put fair value at HK$0.1600, about 44% lower versus a price of HK$0.2850 (overvalued). Cautious scenario HK$0.1600, optimistic scenario HK$0.2400. The calculation is refreshed regularly with new filings.
What is the intrinsic value of Core Economy Investment Group Ltd (0339)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Core Economy Investment Group Ltd it is HK$0.1600 per share (as of Nov 14, 2026), against a price of HK$0.2850. It is the blended result of 2 valuation models in 2 families (Multiples, Asset-Based).
Is Core Economy Investment Group Ltd stock overvalued or undervalued in 2026?
As of Nov 14, 2026, 0339 trades above its calculated fair value: price HK$0.2850, fair value HK$0.1600, a gap of about −44% (overvalued). 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 0339?
No. The price is what the market pays today (HK$0.2850); the fair value is what the company's own numbers justify (HK$0.1600). For Core Economy Investment Group Ltd the two are HK$0.1250 per share apart. That gap is exactly why we show both numbers side by side.
How much is Core Economy Investment Group Ltd worth?
The market values Core Economy Investment Group Ltd at about HK$123M (market capitalisation, as of Nov 14, 2026). Per share that is HK$0.2850; our models calculate a fair value of HK$0.1600 per share.
What do the bullish and bearish scenarios say about 0339?
Our models span a range for Core Economy Investment Group Ltd: cautious scenario HK$0.1600, base HK$0.1600, optimistic HK$0.2400 per share (as of Nov 14, 2026, price HK$0.2850). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 0339?
Core Economy Investment Group Ltd trades at a price-to-earnings ratio of 70.5 (as of Nov 14, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of HK$0.1600 is built from several models across several years. Other multiples: P/B 10.1.
How solid is the balance sheet of Core Economy Investment Group Ltd (0339)?
Balance-sheet figures for Core Economy Investment Group Ltd (as of Nov 14, 2026): return on equity −112.4%. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is 0339 from its 52-week high?
Core Economy Investment Group Ltd trades at HK$0.2850, about 69% below its 52-week high of HK$0.9200 and 113% above the low of HK$0.1340 (as of Nov 13, 2026). Distance from the high says nothing about value: that is what the fair value of HK$0.1600 is for.
Which stocks are comparable to Core Economy Investment Group Ltd?
From the same area (Financial Services) we also value Blackstone Inc, Brookfield Corporation, KKR & Co, Apollo Global Management, Inc, 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 Core Economy Investment Group Ltd stock attractive at the current price?
The data as of Nov 14, 2026: price HK$0.2850, calculated fair value HK$0.1600 (−44%), Quality Score 45/100, from 2 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 0339 calculated?
We run Core Economy Investment Group Ltd through 2 models from 2 families: Multiples, Asset-Based. Every model gets the same audited fundamentals; the fair value of HK$0.1600 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 13.9% above its aggregate fair value. Core Economy Investment Group Ltd itself currently trades above fair value. 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 Core Economy Investment Group Ltd (0339)?
The closing price on Nov 13, 2026 was HK$0.2850. Our model-based fair value is HK$0.1600, about 44% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Core Economy Investment Group Ltd right now?
The price sits above even our optimistic bull case (HK$0.2400). The favourable scenario is already priced in. Weak quality (45/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.

Key figures of Core Economy Investment Group Ltd

How large is the market capitalisation of Core Economy Investment Group Ltd (0339)?
The market capitalisation of Core Economy Investment Group Ltd is HK$123M (≈ $15.7M). 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 return on equity of Core Economy Investment Group Ltd (0339)?
The return on equity (ROE) of Core Economy Investment Group Ltd is −112% (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 Core Economy Investment Group Ltd (0339)?
On an EBIT basis the return on assets of Core Economy Investment Group Ltd is −61.8% (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 Core Economy Investment Group Ltd (0339)?
The operating margin of Core Economy Investment Group Ltd is −25,101% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Core Economy Investment Group Ltd (0339)?
Revenue at Core Economy Investment Group Ltd is growing −76.4% versus a year earlier (3y avg −36.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Core Economy Investment Group Ltd (0339) generate?
The free cash flow of Core Economy Investment Group Ltd is −HK$3.2M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Core Economy Investment Group Ltd (0339) hold?
Core Economy Investment Group Ltd holds more cash than debt, HK$4.1M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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