Added to YB: 2025-09-18
Pitch date: 2025-09-16
0538.HK [neutral]
Ajisen (China) Holdings Limited
-13.59%
current return
Author Info
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Company Info
Ajisen (China) Holdings Limited, an investment holding company, operates a chain of fast casual restaurants in the People’s Republic of China and Hong Kong Special Administrative Region.
Market Cap
HKD 1.0B
Pitch Price
HKD 1.03
Price Target
3.00 (+237%)
Dividend
6.34%
EV/EBITDA
0.12
P/E
108.00
EV/Sales
0.02
Sector
Hotels, Restaurants and Leisure
Category
value
AJISEN follow-up, reviewing the Chinese restaurant sector.
0538.HK (update): Chinese ramen chain trading at 0.35x tangible book value with HK$1.6B cash (1.45x market cap). Despite declining core business, generates 13-23% FCF yield. Recent Q results +5.9% sales, +180% operating profit from low base. Deep value asset play vs quality peer Tai Hing.
Read full article (5 min)