1932.Hk
1932.HK is an investment holding company that operates within the financial sector, primarily engaged in investment activities and holding interests in various businesses.
Business. 1932.HK is an investment holding company that operates within the financial sector, primarily engaged in investment activities and holding interests in various businesses.
At a glance
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
1932.HK is an investment holding company that operates within the financial sector, primarily engaged in investment activities and holding interests in various businesses.
The company's capital structure is characterized by a market price of 0.241 and a market cap of 241,000,000.0, indicating a relatively low valuation. The price-to-book ratio is 0.68, suggesting that the company is trading at a discount to its book value. The debt-to-equity ratio is 0.48, which is relatively low, indicating a conservative capital structure. However, the company's liquidity is rated as medium, and it has a negative net cash position after subtracting total debt, which could pose a liquidity risk.
In terms of profitability, the company reported a net income of -45,982,000.0 and an operating income of -39,403,000.0, indicating a significant loss. The return on equity is -0.1302, and the return on assets is -0.0651, both of which are negative, suggesting poor performance relative to industry standards. The company's gross profit is 100,578,000.0, but this is not sufficient to offset the operating losses.
The company's revenue is concentrated in a single segment, as it is an investment holding company. There is no detailed breakdown of geographic exposure or segment performance provided in the available data. The company's revenue is derived from its investment activities, but the specific geographic regions or segments contributing to this revenue are not disclosed.
The company's growth trajectory is uncertain, as it has reported a negative net income and operating income. The outlook for the current fiscal year is not provided, but the company's financial performance suggests a challenging environment. The company's revenue history indicates a decline, and there are no clear indicators of future growth.
The company faces several risk factors, including a medium liquidity risk and a negative net cash position. The dilution potential is rated as low, but the company's financial performance and liquidity position could lead to increased dilution in the future. The risk assessment indicates that the company's liquidity is a concern, and the negative net cash position could impact its ability to meet short-term obligations.
Recent events and filings do not provide specific details about the company's operations or financial performance. The company's financial statements indicate a challenging operating environment, but there are no recent events or transcripts that provide additional context. The company's financial performance and liquidity position are the primary concerns highlighted in the available data.
- The company is trading at a discount to its book value, as indicated by a price-to-book ratio of 0.68.
- The company's financial performance is poor, with a negative return on equity of -0.1302 and a negative return on assets of -0.0651.
- The company's liquidity is a concern, with a medium liquidity risk rating and a negative net cash position.
- The company's growth trajectory is uncertain, with a negative net income and operating income.
- The company's capital structure is relatively conservative, with a debt-to-equity ratio of 0.48.
- **margin_outlook_rationale**: The company's margin outlook is negative due to a significant decline in profitability, as evidenced by a negative net income and operating income.
- **rd_outlook_rationale**: The company's research and development outlook is not applicable, as it is an investment holding company and does not engage in R&D activities.
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Estimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
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- Return On Equitynet_income / total_equity
- Price To Bookmarket_price / (adjusted_book_value / shares_outstanding_diluted)
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Market Priceinput from market-data provider (delayed close or quote-shim mid)
- Market Capmarket_price * shares_outstanding_diluted
- Ev To Revenueenterprise_value / revenue
- 1932.HK Market data — financials · 2026-05-26