Hotung Investment Holdings (SGX:BLS) Scaled Net Operating Assets: 0.64 (As of Dec. 2025)

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SGX:BLS Hotung Investment Holdings Ltd SGX:BLS
68 GF Score
Price S$1.63
GF Value S$3.34
Valuation Possible Value Trap
! 9 Warning Signs
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What is Hotung Investment Holdings Scaled Net Operating Assets?

Hotung Investment Holdings SGX:BLS 68 Scaled Net Operating Assets is 0.64 as of Dec. 2025. 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.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Hotung Investment Holdings's operating assets for the quarter that ended in Dec. 2025 was S$173.82 Mil. Hotung Investment Holdings's operating liabilities for the quarter that ended in Dec. 2025 was S$14.10 Mil. Hotung Investment Holdings's Total Assets for the quarter that ended in Jun. 2025 was S$250.94 Mil. Therefore, Hotung Investment Holdings's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.64.


Hotung Investment Holdings Scaled Net Operating Assets Historical Data

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The historical data trend for Hotung Investment Holdings's Scaled Net Operating Assets can be seen below:

* 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 Scaled Net Operating Assets Chart

Hotung Investment Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.64 0.62 0.63 0.66 0.58

Hotung Investment Holdings Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.64 0.65 0.68 0.64 0.64

SGX:BLS vs BLK, BX, KKR: Scaled Net Operating Assets Comparison

For the Asset Management subindustry, Hotung Investment Holdings's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Scaled Net Operating Assets vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Hotung Investment Holdings's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Hotung Investment Holdings's Scaled Net Operating Assets falls into.


SGX:BLS
68GF Score
Hotung Investment Holdings Ltd SGX:BLS
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hotung Investment Holdings Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Hotung Investment Holdings's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(173.819-14.095)/274.538
=0.58

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=265.55 - 91.731
=173.819

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=14.859 - 0.48 - 0.284
=14.095

Hotung Investment Holdings's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Jun. 2025 )
=(173.819-14.095)/250.943
=0.64

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=265.55 - 91.731
=173.819

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=14.859 - 0.48 - 0.284
=14.095

* 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.

What does a Scaled Net Operating Assets of 0.64 mean?
Hotung Investment Holdings (SGX:BLS) has a Scaled Net Operating Assets of 0.64 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Hotung Investment Holdings and its competitors.
Is Hotung Investment Holdings' Scaled Net Operating Assets too high?
Hotung Investment Holdings' current Scaled Net Operating Assets is 0.64. 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' Scaled Net Operating Assets compare to BLK and BX?
Hotung Investment Holdings' Scaled Net Operating Assets of 0.64 can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for an Asset Management company?
A good Scaled Net Operating Assets depends on the Asset Management industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Hotung Investment Holdings and its competitors. Hotung Investment Holdings's current Scaled Net Operating Assets is 0.64. 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 Scaled Net Operating Assets is 0.64. 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 Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Hotung Investment Holdings (SGX:BLS), the current Scaled Net Operating Assets is 0.64 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:

  • Scaled Net Operating Assets: 0.64
  • GF Value™: S$3.34 vs. price of S$1.63 (51.2% below fair value)
  • GF Score™: 68/100 with 9 warning signs

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 Business Description

Address 261, Sung-Chiang Road, 10th Floor, Taipei, TWN
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

Get the complete analysis for SGX:BLS

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

S$1.63
Price
S$3.34
GF Value