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Hotung Investment HoldingsSGX:BLS +1.24%68 Return-on-Tangible-Equity is 14.03% as of Dec. 2025, which is 220% above its 10-year median of 4.38. 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 1,589 Asset Management companies, Hotung Investment Holdings ranks worse than 64.82% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Hotung Investment Holdings's annualized net income for the quarter that ended in Dec. 2025 was S$33.74 Mil. Hotung Investment Holdings's average shareholder tangible equity for the quarter that ended in Dec. 2025 was S$240.56 Mil. Therefore, Hotung Investment Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 14.03%.
The historical rank and industry rank for Hotung Investment Holdings's Return-on-Tangible-Equity or its related term are showing as below:
SGX:BLS'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 0.75 Med: 4.38 Max: 10.16
Current: 3.18
During the past 13 years, Hotung Investment Holdings's highest Return-on-Tangible-Equity was 10.16%. The lowest was 0.75%. And the median was 4.38%.
SGX:BLS's Return-on-Tangible-Equity is ranked worse than 64.82% of 1589
companies
in the Asset Management industry
Industry Median: 7.21
vs SGX:BLS: 3.18
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Hotung Investment Holdings Return-on-Tangible-Equity Related Terms
Hotung Investment Holdings Return-on-Tangible-Equity 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: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, Hotung Investment Holdings's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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 Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Hotung Investment Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Hotung Investment Holdings's Return-on-Tangible-Equity falls into.
* 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.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is two times the semi-annual (Dec. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 14.03% mean?
Hotung Investment Holdings (SGX:BLS) has a Return-on-Tangible-Equity of 14.03% as of Dec. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Hotung Investment Holdings and its competitors. This is 220% above median its historical median of 4.38. Over the past decade, Hotung Investment Holdings' Return-on-Tangible-Equity has ranged from 0.75 to 10.16. According to the industry distribution chart, Hotung Investment Holdings ranks #1030 out of 1589 companies in the Asset Management industry, placing it in the top 64.8%.
Is Hotung Investment Holdings' Return-on-Tangible-Equity too high?
Hotung Investment Holdings' current Return-on-Tangible-Equity of 14.03% is 220% above median its 10-year median of 4.38. Over the past 10 years, this metric has ranged from a low of 0.75 to a high of 10.16. The Asset Management industry median Return-on-Tangible-Equity is 7.21. Hotung Investment Holdings' value of 14.03% is 94.6% above this industry median. Based on the distribution chart, Hotung Investment Holdings ranks #1030 out of 1589 companies in the Asset Management industry, which is below the industry midpoint. 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' Return-on-Tangible-Equity compare to BLK and BX?
According to the Asset Management industry distribution chart, Hotung Investment Holdings ranks #1030 out of 1589 companies for Return-on-Tangible-Equity. This places Hotung Investment Holdings in the lower half of its industry. The industry median Return-on-Tangible-Equity is 7.21. Hotung Investment Holdings' value of 14.03% is 94.6% above this benchmark. Historically, Hotung Investment Holdings' own Return-on-Tangible-Equity has ranged from 0.75 to 10.16 over the past decade. While the company's 10-year median is 4.38 vs. the industry median of 7.21, 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 Return-on-Tangible-Equity for an Asset Management company?
The median Return-on-Tangible-Equity among Asset Management companies is 7.21, based on 1,589 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hotung Investment Holdings's current Return-on-Tangible-Equity of 14.03% is 94.6% 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 Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Hotung Investment Holdings and its competitors. For the Asset Management industry, the median Return-on-Tangible-Equity is 7.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hotung Investment Holdings's current Return-on-Tangible-Equity is 14.03%, which is 220% above median its own 10-year median of 4.38. 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$1.63 — trading 51.2% below its estimated fair value. The current Return-on-Tangible-Equity is 14.03%, which is 220% above median its 10-year median of 4.38 and 94.6% above the Asset Management industry median of 7.21. 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 Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Hotung Investment Holdings (SGX:BLS), the current Return-on-Tangible-Equity is 14.03% 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$1.63 is trading 51.2% 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:
Return-on-Tangible-Equity: 14.03% (220% above median its 10-year median of 4.38)
GF Value™: S$3.34 vs. price of S$1.63 (51.2% below fair value)
Industry Position: 94.6% above the Asset Management median (#1030 of 1589)
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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