Professional
Added to YB: 2025-10-17
Pitch date: 2025-09-05
0538.HK [neutral]
Ajisen (China) Holdings Limited
-12.75%
current return
Author Info
No bio for this author
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 1.02
Price Target
1.90 (+113%)
Dividend
6.34%
EV/EBITDA
0.12
P/E
108.00
EV/Sales
0.02
Sector
Hotels, Restaurants and Leisure
Category
value
Ennismore Global Equity Fund Portfolio Holding: Ajisen (China) Holdings Ltd.
0538.HK (holding update): Chinese ramen chain w/ RMB1.6bn net cash vs HKD1.1bn market cap, RMB40m rental income, 608 stores generating RMB1.7bn revenue. H1 2025 op profit +700% to RMB40m on RMB849m sales. Trading at discount to net cash alone (60% upside), similar to Tam Jai pre-buyout at 50% premium.
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