Hotung Investment Holdings (SGX:BLS) Total Operating Expense: S$2.53 Mil (TTM As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SGX:BLS Hotung Investment Holdings Ltd SGX:BLS
68 GF Score
Price S$1.61
GF Value S$3.34
Valuation Possible Value Trap
! 9 Warning Signs
View Full Analysis

What is Hotung Investment Holdings Total Operating Expense?

Hotung Investment Holdings SGX:BLS 68 Total Operating Expense is S$2.53 Mil 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.

Hotung Investment Holdings's Total Operating Expense for the six months ended in Dec. 2025 was S$1.30 Mil. Hotung Investment Holdings's Total Operating Expense for the trailing twelve months (TTM) ended in Dec. 2025 was S$2.53 Mil.


Hotung Investment Holdings Total Operating Expense Related Terms


Hotung Investment Holdings Total Operating Expense Historical Data

* Premium members only.

The historical data trend for Hotung Investment Holdings's Total Operating Expense 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 Total Operating Expense Chart

Hotung Investment Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.01 2.38 1.95 2.32 2.47

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
Total Operating Expense 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 0.67 0.96 1.36 1.24 1.30
SGX:BLS
68GF Score
Hotung Investment Holdings Ltd SGX:BLS
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hotung Investment Holdings Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating Expense for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was S$2.53 Mil.

* 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 Total Operating Expense of S$2.53 Mil mean?
Hotung Investment Holdings (SGX:BLS) has a Total Operating Expense of S$2.53 Mil as of Dec. 2025. Total operating expense is the primary recurring expense associated with central operations. View historical data on Hotung Investment Holdings and its competitors.
Is Hotung Investment Holdings' Total Operating Expense too high?
Hotung Investment Holdings' current Total Operating Expense is S$2.53 Mil. 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' Total Operating Expense compare to BLK and BX?
Hotung Investment Holdings' Total Operating Expense of S$2.53 Mil 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 Total Operating Expense for an Asset Management company?
A good Total Operating Expense depends on the Asset Management industry context. However, Total Operating Expense 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 Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on Hotung Investment Holdings and its competitors. Hotung Investment Holdings's current Total Operating Expense is S$2.53 Mil. 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 Total Operating Expense is S$2.53 Mil. 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 Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For Hotung Investment Holdings (SGX:BLS), the current Total Operating Expense is S$2.53 Mil 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:

  • Total Operating Expense: S$2.53 Mil
  • GF Value™: S$3.34 vs. price of S$1.61 (51.8% 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

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

S$1.61
Price
S$3.34
GF Value