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Hotung Investment HoldingsSGX:BLS 68 Operating Margin % is 85.79% as of Dec. 2025, which is 22% above its 10-year median of 70.35. GuruFocus rates SGX:BLS with a GF Score™ of 68/100 and a GF Value™ of S$3.34 (Possible Value Trap). The stock has 9 warning signs investors should review. Among 650 Asset Management companies, Hotung Investment Holdings ranks better than 76% on this metric.
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
Hotung Investment Holdings Operating Margin % Related Terms
Hotung Investment Holdings Operating Margin % Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
SGX:BLS vs BLK, BX, KKR: Operating Margin % Comparison
For the Asset Management subindustry, Hotung Investment Holdings's Operating Margin %, along with its competitors' market caps and Operating Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Hotung Investment Holdings Operating Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Hotung Investment Holdings's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Hotung Investment Holdings's Operating Margin % falls into.
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
Hotung Investment Holdings's Operating Margin % for the fiscal year that ended in Dec. 2025 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Hotung Investment Holdings (SGX:BLS) has a Operating Margin % of 85.79% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on Hotung Investment Holdings and its competitors. This is 22% above median its historical median of 70.35. Over the past decade, Hotung Investment Holdings' Operating Margin % has ranged from 38.37 to 82.94. According to the industry distribution chart, Hotung Investment Holdings ranks #156 out of 650 companies in the Asset Management industry, placing it in the top 24%.
Is Hotung Investment Holdings' Operating Margin % too high?
Hotung Investment Holdings' current Operating Margin % of 85.79% is 22% above median its 10-year median of 70.35. Over the past 10 years, this metric has ranged from a low of 38.37 to a high of 82.94. The Asset Management industry median Operating Margin % is 17.00. Hotung Investment Holdings' value of 85.79% is 404.6% above this industry median. Based on the distribution chart, Hotung Investment Holdings ranks #156 out of 650 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Hotung Investment Holdings has a GF Score™ of 68/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Hotung Investment Holdings' Operating Margin % compare to BLK and BX?
According to the Asset Management industry distribution chart, Hotung Investment Holdings ranks #156 out of 650 companies for Operating Margin %. This places Hotung Investment Holdings in the top 24% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 17.00. Hotung Investment Holdings' value of 85.79% is 404.6% above this benchmark. Historically, Hotung Investment Holdings' own Operating Margin % has ranged from 38.37 to 82.94 over the past decade. While the company's 10-year median is 70.35 vs. the industry median of 17.00, Hotung Investment Holdings has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Margin % for an Asset Management company?
The median Operating Margin % among Asset Management companies is 17.00, based on 650 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hotung Investment Holdings's current Operating Margin % of 85.79% is 404.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Hotung Investment Holdings and its competitors. For the Asset Management industry, the median Operating Margin % is 17.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hotung Investment Holdings's current Operating Margin % is 85.79%, which is 22% above median its own 10-year median of 70.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hotung Investment Holdings stock overvalued right now?
Based on GuruFocus' analysis, Hotung Investment Holdings (SGX:BLS) is currently considered Possible Value Trap. The stock's GF Value™ is S$3.34, compared to a current price of S$1.61 — trading 51.8% below its estimated fair value. The current Operating Margin % is 85.79%, which is 22% above median its 10-year median of 70.35 and 404.6% above the Asset Management industry median of 17.00. Hotung Investment Holdings' overall GF Score™ is 68/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Hotung Investment Holdings (SGX:BLS), the current Operating Margin % is 85.79% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Hotung Investment Holdings (SGX:BLS) Overvalued in 2026?
Based on GuruFocus' analysis, Hotung Investment Holdings stock appears to be undervalued.
The current stock price of S$1.61 is trading 51.8% below its estimated GF Value™ of S$3.34.
GuruFocus considers Hotung Investment Holdings to be Possible Value Trap.
Key valuation signals for SGX:BLS:
Operating Margin %: 85.79% (22% above median its 10-year median of 70.35)
GF Value™: S$3.34 vs. price of S$1.61 (51.8% below fair value)
Industry Position: 404.6% above the Asset Management median (#156 of 650)
No single metric tells the full story. See the SGX:BLS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hotung Investment Holdings Ltd is a venture capital investment company. It focuses on start-up and expansion-stage companies mainly located in Taiwan, China, and Silicon Valley. The company operates through two segments namely Investment and Fund management. Its Investment segment derives majority revenue converges on achieving capital appreciation by investing in a balanced and diversified portfolio. The Fund management segment is involved in providing investment consultancy and advisory services to entities within the group.
68GF Score
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