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Hotung Investment HoldingsSGX:BLS +1.24%68 ROE % 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 1,610 Asset Management companies, Hotung Investment Holdings ranks worse than 63.11% on this metric.
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is two times the semi-annual (Dec. 2025) net income data. The Revenue data used here is two times the semi-annual (Dec. 2025) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.
* 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.
For the Asset Management subindustry, Hotung Investment Holdings's ROE %, along with its competitors' market caps and ROE % 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 ROE % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Hotung Investment Holdings's ROE % distribution charts can be found below:
* The bar in red indicates where Hotung Investment Holdings's ROE % 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 ROE %, the net income of the last fiscal year and the average total shareholder 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.
ROE % is displayed in the 30-year financial page.
Hotung Investment Holdings (SGX:BLS) has a ROE % of 14.03% as of Dec. 2025. Return on equity is the ratio of current-period net income to average two-period total 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' ROE % has ranged from 0.75 to 10.16. According to the industry distribution chart, Hotung Investment Holdings ranks #1016 out of 1610 companies in the Asset Management industry, placing it in the top 63.1%.
Is Hotung Investment Holdings' ROE % too high?
Hotung Investment Holdings' current ROE % 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 ROE % is 6.65. Hotung Investment Holdings' value of 14.03% is 111.1% above this industry median. Based on the distribution chart, Hotung Investment Holdings ranks #1016 out of 1610 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' ROE % compare to BLK and BX?
According to the Asset Management industry distribution chart, Hotung Investment Holdings ranks #1016 out of 1610 companies for ROE %. This places Hotung Investment Holdings in the lower half of its industry. The industry median ROE % is 6.65. Hotung Investment Holdings' value of 14.03% is 111.1% above this benchmark. Historically, Hotung Investment Holdings' own ROE % 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 6.65, 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 ROE % for an Asset Management company?
The median ROE % among Asset Management companies is 6.65, based on 1,610 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hotung Investment Holdings's current ROE % of 14.03% is 111.1% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Hotung Investment Holdings and its competitors. For the Asset Management industry, the median ROE % is 6.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hotung Investment Holdings's current ROE % 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 ROE % is 14.03%, which is 220% above median its 10-year median of 4.38 and 111.1% above the Asset Management industry median of 6.65. 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 ROE % calculated?
ROE % is calculated from a company's financial statements. For Hotung Investment Holdings (SGX:BLS), the current ROE % 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:
ROE %: 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: 111.1% above the Asset Management median (#1016 of 1610)
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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