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Hotung Investment HoldingsSGX:BLS 68 Altman Z2-Score is 19.15 as of Jul. 15, 2026, which is 20% below its 10-year median of 24.06. 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 704 Asset Management companies, Hotung Investment Holdings ranks better than 78.55% on this metric.
Altman Z2-Score, also known as Z"-Score, is used to predict the likelihood that a non-manufacturing company (excluding property/financial company) will face bankruptcy within a two-year period.
Good Sign:
Hotung Investment Holdings has a Altman Z2-Score of 19.15, indicating it is in Safe Zones. This implies the Altman Z2-Score is strong.
The zones of discrimination were as such:
When Altman Z2-Score <= 1.1, it is in Distress Zones.
When Altman Z2-Score >= 2.6, it is in Safe Zones.
When Altman Z2-Score is between 1.1 and 2.6, it is in Grey Zones.
The historical rank and industry rank for Hotung Investment Holdings's Altman Z2-Score or its related term are showing as below:
SGX:BLS'
s Altman Z2-Score Range Over the Past 10 Years
Min: 17.67 Med: 24.06 Max: 59.22
Current: 19.15
During the past 13 years, Hotung Investment Holdings's highest Altman Z2-Score was 59.22. The lowest was 17.67. And the median was 24.06.
The original Z-Score model was based on publicly traded manufacturing companies while the Z2-Score, also known as Z"-score can be used for any type of company excluding property/financial companies. Both Z-Score and Z2-Score describes the financial health of a company, and its likelihood of financial distress.
X1: The Working Capital/Total Assets (WC/TA) ratio is a measure of the net liquid assets of the firm relative to the total capitalization. Working capital is defined as the difference between current assets and current liabilities. Ordinarily, a firm experiencing consistent operating losses will have shrinking current assets in relation to total assets. Altman found this one proved to be the most valuable liquidity ratio comparing with the current ratio and the quick ratio. This is however the least significant of the five factors.
X2: Retained Earnings/Total Assets: the RE/TA ratio measures the leverage of a firm. Retained earnings is the account which reports the total amount of reinvested earnings and/or losses of a firm over its entire life. Those firms with high RE, relative to TA, have financed their assets through retention of profits and have not utilized as much debt.
X3, Earnings Before Interest and Taxes/Total Assets (EBIT/TA): This ratio is a measure of the true productivity of the firm's assets, independent of any tax or leverage factors. Since a firm's ultimate existence is based on the earning power of its assets, this ratio appears to be particularly appropriate for studies dealing with corporate failure. This ratio continually outperforms other profitability measures, including cash flow.
* 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: Altman Z2-Score Comparison
For the Asset Management subindustry, Hotung Investment Holdings's Altman Z2-Score, along with its competitors' market caps and Altman Z2-Score 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 Altman Z2-Score vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Hotung Investment Holdings's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where Hotung Investment Holdings's Altman Z2-Score falls into.
Altman Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
Z2-Score, also known as Z"-Score is the Z-Score for non-manufacturing companies excluding property/financial companies.
* 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. GuruFocus does not calculate Altman Z2-Score when X4_2 value is 0.
Hotung Investment Holdings (SGX:BLS) has a Altman Z2-Score of 19.15 as of Jul. 15, 2026. Z2-Score is the Z-Score for non-manufacturing companies excluding property/financial companies, which measures a company's bankruptcy risk. View historical data on Hotung Investment Holdings and its competitors. This is 20% below median its historical median of 24.06. Over the past decade, Hotung Investment Holdings' Altman Z2-Score has ranged from 17.67 to 59.22. According to the industry distribution chart, Hotung Investment Holdings ranks #151 out of 704 companies in the Asset Management industry, placing it in the top 21.4%.
Is Hotung Investment Holdings' Altman Z2-Score too high?
Hotung Investment Holdings' current Altman Z2-Score of 19.15 is 20% below median its 10-year median of 24.06. Over the past 10 years, this metric has ranged from a low of 17.67 to a high of 59.22. The Asset Management industry median Altman Z2-Score is 6.13. Hotung Investment Holdings' value of 19.15 is 212.4% above this industry median. Based on the distribution chart, Hotung Investment Holdings ranks #151 out of 704 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' Altman Z2-Score compare to BLK and BX?
According to the Asset Management industry distribution chart, Hotung Investment Holdings ranks #151 out of 704 companies for Altman Z2-Score. This places Hotung Investment Holdings in the top 21% of its industry — outperforming the majority of peers. The industry median Altman Z2-Score is 6.13. Hotung Investment Holdings' value of 19.15 is 212.4% above this benchmark. Historically, Hotung Investment Holdings' own Altman Z2-Score has ranged from 17.67 to 59.22 over the past decade. While the company's 10-year median is 24.06 vs. the industry median of 6.13, 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 Altman Z2-Score for an Asset Management company?
The median Altman Z2-Score among Asset Management companies is 6.13, based on 704 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z2-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z2-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hotung Investment Holdings's current Altman Z2-Score of 19.15 is 212.4% 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 Altman Z2-Score mean?
A high Altman Z2-Score can signal that a stock is expensive relative to its fundamentals. Z2-Score is the Z-Score for non-manufacturing companies excluding property/financial companies, which measures a company's bankruptcy risk. View historical data on Hotung Investment Holdings and its competitors. For the Asset Management industry, the median Altman Z2-Score is 6.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hotung Investment Holdings's current Altman Z2-Score is 19.15, which is 20% below median its own 10-year median of 24.06. 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 Altman Z2-Score is 19.15, which is 20% below median its 10-year median of 24.06 and 212.4% above the Asset Management industry median of 6.13. 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 Altman Z2-Score calculated?
Altman Z2-Score is calculated from a company's financial statements. For Hotung Investment Holdings (SGX:BLS), the current Altman Z2-Score is 19.15 as of Jul. 15, 2026. 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:
Altman Z2-Score: 19.15 (20% below median its 10-year median of 24.06)
GF Value™: S$3.34 vs. price of S$1.63 (51.2% below fair value)
Industry Position: 212.4% above the Asset Management median (#151 of 704)
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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