Lien Hoe Corporation Bhd
Lien Hoe Corporation Berhad operates as a property and investment holding company in Malaysia. The company operates Hotel Armada located in Petaling Jaya. The company was incorporated in 1969 and is based in Petaling Jaya, Malaysia. Lien Hoe Corporation Berhad operates as a subsidiary of Christine Holding Sdn Bhd.
Lien Hoe Corporation Bhd (3573) - Net Assets
Latest net assets as of September 2025: RM233.72 Million MYR
Based on the latest financial reports, Lien Hoe Corporation Bhd (3573) has net assets worth RM233.72 Million MYR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM324.07 Million) and total liabilities (RM90.35 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM233.72 Million |
| % of Total Assets | 72.12% |
| Annual Growth Rate | -0.81% |
| 5-Year Change | -36.73% |
| 10-Year Change | 0.14% |
| Growth Volatility | 35.14 |
Lien Hoe Corporation Bhd - Net Assets Trend (2012–2024)
This chart illustrates how Lien Hoe Corporation Bhd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Lien Hoe Corporation Bhd (2012–2024)
The table below shows the annual net assets of Lien Hoe Corporation Bhd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM240.34 Million | -3.44% |
| 2023-12-31 | RM248.90 Million | -5.75% |
| 2022-12-31 | RM264.08 Million | -11.43% |
| 2021-12-31 | RM298.15 Million | -21.51% |
| 2020-12-31 | RM379.87 Million | -19.00% |
| 2019-12-31 | RM468.99 Million | -2.19% |
| 2018-12-31 | RM479.47 Million | -7.74% |
| 2017-12-31 | RM519.71 Million | -0.43% |
| 2016-12-31 | RM521.95 Million | +117.48% |
| 2015-12-31 | RM240.00 Million | -6.98% |
| 2014-12-31 | RM258.00 Million | -3.37% |
| 2013-12-31 | RM267.00 Million | +0.75% |
| 2012-12-31 | RM265.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Lien Hoe Corporation Bhd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 72.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM107.33 Million | 44.66% |
| Common Stock | RM142.19 Million | 59.16% |
| Total Equity | RM240.34 Million | 100.00% |
Lien Hoe Corporation Bhd Competitors by Market Cap
The table below lists competitors of Lien Hoe Corporation Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Techfast Holdings Bhd
KLSE:0084
|
$1.95 Million |
|
Applied Development Holdings Limited
PINK:ADHLF
|
$1.95 Million |
|
E. Pairis S.A
AT:PAIR
|
$1.95 Million |
|
Associate Global Partners Ltd
AU:APL
|
$1.95 Million |
|
A.S.T. GROUPE INH.EO 036
F:9NA
|
$1.94 Million |
|
Soco Corporation Ltd
AU:SOC
|
$1.94 Million |
|
TechnoDex Bhd
KLSE:0132
|
$1.94 Million |
|
Kings Entertainment Group Inc.
PINK:KENGF
|
$1.94 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Lien Hoe Corporation Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 248,904,000 to 240,340,000, a change of -8,564,000 (-3.4%).
- Net loss of 8,564,000 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM-8.56 Million | -3.56% |
| Total Change | RM- | -3.44% |
Book Value vs Market Value Analysis
This analysis compares Lien Hoe Corporation Bhd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.22x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.11x to 0.22x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | RM1.52 | RM0.16 | x |
| 2017-12-31 | RM1.52 | RM0.16 | x |
| 2018-12-31 | RM1.41 | RM0.16 | x |
| 2019-12-31 | RM1.41 | RM0.16 | x |
| 2020-12-31 | RM1.14 | RM0.16 | x |
| 2021-12-31 | RM0.90 | RM0.16 | x |
| 2022-12-31 | RM0.79 | RM0.16 | x |
| 2023-12-31 | RM0.75 | RM0.16 | x |
| 2024-12-31 | RM0.72 | RM0.16 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Lien Hoe Corporation Bhd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -3.56%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -29.60%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 1.37x
- Recent ROE (-3.56%) is above the historical average (-8.54%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -9.39% | -39.59% | 0.16x | 1.49x | RM-101.20 Million |
| 2017 | -0.47% | -9.74% | 0.03x | 1.50x | RM-54.39 Million |
| 2018 | -7.41% | -141.24% | 0.04x | 1.43x | RM-83.48 Million |
| 2019 | -0.59% | -11.17% | 0.04x | 1.34x | RM-49.68 Million |
| 2020 | -7.89% | -264.08% | 0.02x | 1.40x | RM-67.97 Million |
| 2021 | -28.57% | -918.22% | 0.02x | 1.38x | RM-115.01 Million |
| 2022 | -12.90% | -165.19% | 0.06x | 1.35x | RM-60.48 Million |
| 2023 | -6.10% | -57.60% | 0.08x | 1.38x | RM-40.06 Million |
| 2024 | -3.56% | -29.60% | 0.09x | 1.37x | RM-32.60 Million |
Industry Comparison
This section compares Lien Hoe Corporation Bhd's net assets metrics with peer companies in the Lodging industry.
Industry Context
- Industry: Lodging
- Average net assets among peers: $434,019,192
- Average return on equity (ROE) among peers: -36.83%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Lien Hoe Corporation Bhd (3573) | RM233.72 Million | -9.39% | 0.39x | $1.94 Million |
| Landmarks Bhd (1643) | $1.88 Billion | -0.03% | 0.19x | $6.51 Million |
| Eastland Equity Bhd (2097) | $71.25 Million | -140.93% | 1.41x | $11.39 Million |
| ECM Libra Financial Group Bhd (2143) | $144.31 Million | 4.18% | 0.03x | $2.28 Million |
| Malayan United Industries Bhd (3891) | $96.16 Million | -102.61% | 13.91x | $12.30 Million |
| Grand Central Enterprises Bhd (5592) | $220.17 Million | -2.44% | 0.10x | $1.40 Million |
| Country Heights Holdings Bhd (5738) | $776.98 Million | -6.24% | 0.64x | $4.13 Million |
| Impiana Hotels Bhd (7243) | $29.62 Million | -36.89% | 0.55x | $53.39 Million |
| Avillion Bhd (8885) | $253.25 Million | -9.68% | 0.75x | $4.31 Million |