Tearsheet

Alset (AEI)

Market Price (12/25/2025): $2.47 | Market Cap: $80.5 Mil
Sector: Real Estate | Industry: Real Estate Development

Alset (AEI)

Market Price (12/25/2025): $2.47
Market Cap: $80.5 Mil
Sector: Real Estate
Industry: Real Estate Development

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0	Cash is significant % of market cap Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -48%	Weak multi-year price returns 3Y Excs Rtn is -104%	Not profitable at operating income level Op Inc LTMOperating Income, Last Twelve Months is -6.0 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -49%
1	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 70%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 68%		Stock price has recently run up significantly 6M Rtn6 month market price return is 148%, 12M Rtn12 month market price return is 156%
2	Attractive yield FCF Yield is 11%		Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -8.2%, Rev Chg QQuarterly Revenue Change % is -80%
3			Valuation getting more expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 570%
4			Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -21%
5			High stock price volatility Vol 12M is 152%
6			Key risks AEI key risks include [1] a history of poor capital allocation resulting in significant shareholder dilution and persistent unprofitability, Show more.

0	Cash is significant % of market cap Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -48%
1	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 70%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 68%
2	Attractive yield FCF Yield is 11%
3	Weak multi-year price returns 3Y Excs Rtn is -104%
4	Not profitable at operating income level Op Inc LTMOperating Income, Last Twelve Months is -6.0 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -49%
5	Stock price has recently run up significantly 6M Rtn6 month market price return is 148%, 12M Rtn12 month market price return is 156%
6	Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -8.2%, Rev Chg QQuarterly Revenue Change % is -80%
7	Valuation getting more expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 570%
8	Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -21%
9	High stock price volatility Vol 12M is 152%
10	Key risks AEI key risks include [1] a history of poor capital allocation resulting in significant shareholder dilution and persistent unprofitability, Show more.

Valuation, Metrics & Events

	12/25/25	2024	2023	2022	2021
Share Price CYE	$2.47	$1.02	$1.03	$2.30	$11.16
Market Cap CYE ($ Mil)	80.5	9.4	9.5	17.1	48.8
Total Debt ($ Mil)	2.4	3.0	1.7	1.8	1.8
Total Cash ($ Mil)	39.2	48.6	48.5	90.4	123.3
Enterprise Value ($ Mil)	43.7	12.4	11.2	18.9	50.6
Valuation Ratios
P/S TTM	6.6	0.4	0.4	3.3	0.8
P/EBIT TTM	-6.1	-2.4	-0.2	-0.3	-0.1
P/E TTM	-6.3	-2.4	-0.2	-0.4	-0.2
P/FCF TTM	9.8	1.9	1.3	-0.5	-0.9
Sector Ratios
P/S TTM (Sector)	4.0	4.1	4.2	4.4	6.7
P/EBIT TTM (Sector)	11.9	13.1	13.2	13.5	16.2
P/E TTM (Sector)	19.5	20.8	20.0	18.3	23.9
P/FCF TTM (Sector)	11.7	13.0	11.9	10.7	16.8

	12/25/25	2024	2023
Share Price CYE	$2.47	$1.02	$1.03
Market Cap CYE ($ Mil)	80.5	9.4	9.5
Total Debt ($ Mil)	2.4	3.0	1.7
Total Cash ($ Mil)	39.2	48.6	48.5
Enterprise Value ($ Mil)	43.7	12.4	11.2
Valuation Ratios
P/S TTM	6.6	0.4	0.4
P/EBIT TTM	-6.1	-2.4	-0.2
P/E TTM	-6.3	-2.4	-0.2
P/FCF TTM	9.8	1.9	1.3
Sector Ratios
P/S TTM (Sector)	4.0	4.1	4.2
P/EBIT TTM (Sector)	11.9	13.1	13.2
P/E TTM (Sector)	19.5	20.8	20.0
P/FCF TTM (Sector)	11.7	13.0	11.9

	AEI	S&P 500
REVENUE GROWTH	POOR
Rev LTM ($ Bil)	0.0
Rev Chg Q	-79.9%	7.3%
Rev Chg LTM	-8.2%	6.1%
Rev Chg 3Y Avg	64.0%	5.5%
PROFITABILITY	VERY POOR
Op Inc LTM ($ Bil)	-0.0
CFO LTM ($ Bil)	0.0
Net Inc LTM ($ Bil)	-0.0
Op Mgn LTM	-49.4%	18.8%
CFO/Rev LTM	69.5%	20.4%
Net Inc Mgn	-105.0%	13.1%
VALUATION	HIGH
P/S	6.6	3.3
P/CFO	9.6	15.8
P/FCF	9.8	20.7
P/E	-6.3	23.5

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Metric	Value	Date	Source
Lots Sold at Alset Villas (First Tranche)	70	7012024	Link
Lots Sold at Lakes at Black Oak	72	10102024	Link
Lots Sold at Alset Villas (Second Tranche)	63	12162024	Link
Retained Model Lots	4	3312025	Link

Upcoming
3/29/2026	Earnings Release	Rev: - EPS: -

AEI Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

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There is no verifiable information to explain a 65.2% stock movement for Alset (AEI) during the period from August 31, 2025, to today, as this timeframe lies in the future. The available financial data and news up to the current date (December 26, 2024) do not cover this future period. Therefore, specific key points for such a stock movement cannot be accurately identified or attributed. Show more

Stock Movement Drivers

Fundamental Drivers

The -2.4% change in AEI stock from 9/25/2025 to 12/25/2025 was primarily driven by a -181.7% change in the company's Shares Outstanding (Mil).

	9252025	12252025	Change
Stock Price ($)	2.53	2.47	-2.37%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	16.07	12.11	-24.65%
P/S Multiple	1.82	6.65	265.04%
Shares Outstanding (Mil)	11.57	32.60	-181.72%
Cumulative Contribution			-324.76%

LTM = Last Twelve Months as of date shown

Market Drivers

9/25/2025 to 12/25/2025

	Return	Correlation
AEI	-7.9%
Market (SPY)	4.9%	43.1%
Sector (XLRE)	-2.5%	19.7%

Fundamental Drivers

The 162.7% change in AEI stock from 6/26/2025 to 12/25/2025 was primarily driven by a 964.1% change in the company's P/S Multiple.

	6262025	12252025	Change
Stock Price ($)	0.94	2.47	162.74%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	16.10	12.11	-24.79%
P/S Multiple	0.62	6.65	964.05%
Shares Outstanding (Mil)	10.70	32.60	-204.61%
Cumulative Contribution			-937.21%

LTM = Last Twelve Months as of date shown

Market Drivers

6/26/2025 to 12/25/2025

	Return	Correlation
AEI	147.8%
Market (SPY)	13.1%	28.1%
Sector (XLRE)	-0.5%	3.5%

Fundamental Drivers

The 171.4% change in AEI stock from 12/25/2024 to 12/25/2025 was primarily driven by a 943.7% change in the company's P/S Multiple.

	12252024	12252025	Change
Stock Price ($)	0.91	2.47	171.40%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	13.19	12.11	-8.21%
P/S Multiple	0.64	6.65	943.68%
Shares Outstanding (Mil)	9.24	32.60	-252.97%
Cumulative Contribution			-1565.42%

LTM = Last Twelve Months as of date shown

Market Drivers

12/25/2024 to 12/25/2025

	Return	Correlation
AEI	156.0%
Market (SPY)	15.8%	14.2%
Sector (XLRE)	1.4%	6.0%

Fundamental Drivers

The -25.2% change in AEI stock from 12/26/2022 to 12/25/2025 was primarily driven by a -339.0% change in the company's Shares Outstanding (Mil).

	12262022	12252025	Change
Stock Price ($)	3.30	2.47	-25.15%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	6.45	12.11	87.62%
P/S Multiple	3.80	6.65	75.13%
Shares Outstanding (Mil)	7.43	32.60	-339.00%
Cumulative Contribution			-885.33%

LTM = Last Twelve Months as of date shown

Market Drivers

12/26/2023 to 12/25/2025

	Return	Correlation
AEI	153.3%
Market (SPY)	48.3%	13.8%
Sector (XLRE)	7.0%	6.3%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
AEI Return	�	-91%	-79%	-55%	-1%	147%	-98%
Peers Return	34%	41%	-32%	83%	-6%	-14%	90%
S&P 500 Return	16%	27%	-19%	24%	23%	18%	115%
Monthly Win Rates [3]
AEI Win Rate	0%	33%	17%	25%	50%	50%
Peers Win Rate	60%	58%	40%	57%	50%	40%
S&P 500 Win Rate	58%	75%	42%	67%	75%	73%
Max Drawdowns [4]
AEI Max Drawdown	�	-91%	-79%	-67%	-55%	-28%
Peers Max Drawdown	-49%	-10%	-45%	-4%	-24%	-31%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: GRBK, FOR, LGIH, STRS, AXR.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/24/2025 (YTD)

How Low Can It Go

Unique Key	Event	AEI	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-99.9%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	73223.6%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	Not Fully Recovered days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-33.9%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	51.2%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	55 days	148 days

Compare to JOE, FOR, AXR, HHH, FPH

In The Past

Alset's stock fell -99.9% during the 2022 Inflation Shock from a high on 2/16/2021. A -99.9% loss requires a 73223.6% gain to breakeven.

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About Alset (AEI)

Business Description Analogies Products Customers Suppliers Management Key Risks Emerging Threats Market Size Revenue Drivers Capital Allocation

Alset EHome International Inc., through its subsidiaries, engages in the real estate development, financial services, digital transformation technologies, biohealth, and consumer products businesses in the United States, Singapore, Hong Kong, Australia, and South Korea. It operates through four segments: Real Estate, Digital Transformation Technology, Biohealth, and Other Business Activities segments. The Real Estate segment develops property projects and participates in third-party property development projects; and owns, operates, and manages real estate development projects with a focus on land subdivision developments and house rental projects. The Digital Transformation Technology segment provides consulting, implementation, and development services with various technologies, including blockchain, e-commerce, social media, and payment solutions. Its technology platform focuses on business-to-business solutions, such as communications and workflow, instant messaging, international calling, social media, e-commerce and payment systems, and direct marketing solutions. The Biohealth segment engages in developing, researching, testing, manufacturing, licensing, and distributing biohealth products and services. The Other Business Activities segment offers corporate strategy and business development, asset management, corporate restructuring, and leveraged buy-out expertise services. The company was formerly known as HF Enterprises Inc. and changed its name to Alset EHome International Inc. in February 2021. Alset EHome International Inc. was incorporated in 2018 and is based in Bethesda, Maryland.

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Analogies for Alset (AEI):

Lennar for smart, sustainable communities.

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Real Estate Development: Develops and sells residential properties, often integrating smart home technology and green living concepts.
Biohealth Services: Provides healthcare solutions and wellness programs, including potential ventures in medical technology and diagnostics.
Food & Beverage Operations: Owns and operates a portfolio of restaurants and other food-related businesses.

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Alset Inc. (symbol: AEI) operates as a diversified holding company with three core business segments: Property Development, Hospitality, and Technology Solutions.

Based on its public filings, Alset Inc. does not disclose any specific major customers (individual companies or entities accounting for 10% or more of its revenue). This indicates that its revenue is derived from a diverse base of customers across its various business segments rather than being concentrated with a few large clients.

Given the nature of its operations and the lack of specific named major corporate customers, Alset serves the following categories of customers:

Individuals purchasing residential properties: This includes homebuyers for its residential developments in the United States and Malaysia, as well as purchasers of luxury condominiums (e.g., within The St. Regis Chicago development).
Individuals utilizing hospitality services: These are hotel guests and travelers staying at properties like The St. Regis Chicago, consuming hotel amenities, and related services.
Businesses and Investors: This broad category includes entities that acquire commercial properties (e.g., office spaces, retail units) from Alset's property development segment, businesses that contract for IT solutions and services from its technology solutions segment, and corporate clients or organizations that book events, conferences, or group accommodations at its hospitality properties.

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Chan Heng Fai, Chairman of the Board and Chief Executive Officer

Mr. Chan Heng Fai, also known as Ambrose Chan, founded Alset Inc. and has served as its Chairman of the Board and Chief Executive Officer since its inception in March 2018. With over 40 years of experience in banking and finance, he specializes in financial restructuring and corporate transformation. He has successfully restructured more than 35 corporations across various industries and countries. Notable companies he built, rescued, or transformed include American Pacific Bank (USA), which he acquired in 1987, brought out of bankruptcy, and grew into a NASDAQ-listed bank before its merger into Riverview Bancorp Inc. He also transformed China Gas Holdings Limited from a failing fashion retail company into an industry leader and grew Heng Fai Enterprises Limited (now Zensun Enterprises Limited) significantly before ceding controlling interest. Additionally, he served as the Managing Director of SingHaiyi Group Ltd., transforming it into a property investment and development company before ceding controlling interest.

Tung Moe Chan, Co-Chief Executive Officer and Executive Director

Mr. Tung Moe Chan was appointed Co-Chief Executive Officer of Alset Inc. in July 2021. He previously served as the Group Chief Development Officer and Executive Director of Singapore Exchange-listed Alset International Limited. His background includes significant leadership roles, such as the Group Chief Operating Officer of Hong Kong Exchange-listed ZH International Holdings Ltd (formerly Heng Fai Enterprises Ltd) and Executive Director and Chief of Project Development of Singapore Exchange-listed SingHaiyi Group Ltd. He possesses a diverse background and experience in property, hospitality, investment, technology, and consumer finance. Mr. Chan holds Master's Degrees in Business Administration and Electro-Mechanical Engineering, and a Bachelor's Degree in Applied Science. He is the son of Chan Heng Fai.

Wai Leung Alan Lui, Co-Chief Financial Officer and Co-Principal Accounting Officer

Mr. Wai Leung Alan Lui serves as a Co-Chief Financial Officer and Co-Principal Accounting Officer for Alset Inc.

Rongguo Ronald Wei, Co-Chief Financial Officer and Co-Principal Accounting Officer

Mr. Rongguo Ronald Wei holds the position of Co-Chief Financial Officer and Co-Principal Accounting Officer at Alset Inc. He has been actively involved in the company's financial reporting, as evidenced by his signing of an 8-K filing as Co-Chief Financial Officer in July 2025.

Charles W. MacKenzie, Chief Development Officer

Mr. Charles W. MacKenzie is the Chief Development Officer of Alset Inc. He possesses vast experience within the real estate industry.

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The key risks to Alset (AEI) are primarily centered around its financial performance, capital management, and susceptibility to market conditions.

Shareholder Dilution, Poor Capital Allocation, and Persistent Unprofitability: Alset has a history of poor capital allocation, leading to significant losses across its direct operations and non-controlled subsidiaries. Shareholders have experienced substantial dilution, with the company losing 80% of its book value per share since its IPO. Its directly operated U.S. real estate business has turned unprofitable, and the company has consistently reported losses, with a loss of $12.72 million in the last 12 months. This is exacerbated by management having broad discretion in applying proceeds from stock offerings, with potential misuse leading to stock price declines.
Economic Volatility and Sensitivity to the Real Estate Market: As a real estate developer, Alset is highly vulnerable to fluctuations in the real estate industry. Unpredictable global changes, economic volatility, and rising interest rates could significantly harm the company's revenues, operations, financial condition, and business prospects.
High Stock Price Volatility and High-Risk Classification: Alset's share price has exhibited high volatility compared to the broader U.S. market, and with periodic low trading volume, the stock is considered "high risk." Furthermore, the company's Altman Z-Score of 1.01 suggests an increased risk of bankruptcy, as a score under 3 indicates potential financial distress.

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The accelerating adoption of advanced construction technologies, such as large-scale 3D printing and highly industrialized modular construction, by competitors. These emerging methods enable significantly faster development cycles, lower construction costs, and reduced labor dependency, presenting a direct challenge to Alset's traditional real estate development processes and potentially leading to a loss of competitive advantage in efficiency and market responsiveness.

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Alset Inc. (NASDAQ: AEI) is a diversified holding company with operations spanning several key sectors in various regions. The addressable markets for its main products and services are substantial, with a focus on real estate, digital transformation technologies, biohealth, and a growing presence in the electric vehicle (EV) sector.

Real Estate

Alset's Real Estate segment focuses on developing EHome communities, other real estate projects, land subdivision, and house rental properties. The company has operations in the United States, Singapore, Hong Kong, Australia, South Korea, and the People's Republic of China.

Asia Pacific Real Estate Market: The real estate market in the Asia Pacific region generated approximately USD 2,198.1 billion in revenue in 2024 and is projected to reach USD 3,182.9 billion by 2030, with the residential segment being the largest. Another estimate values the Asia-Pacific real estate market at USD 1.2 trillion.
Global Smart Home Market (relevant for EHome communities): The global smart home market was estimated at USD 183.2 billion in 2024 and is expected to grow to USD 414.2 billion by 2034. The Asia Pacific smart home market is projected to account for 33.2% of the global market in 2024 and is expected to grow at a Compound Annual Growth Rate (CAGR) of 9.9% between 2025 and 2034. North America held the largest share of the global smart home market at 36.15%.

Digital Transformation Technology

This segment provides services in blockchain, e-commerce, social media, artificial intelligence (AI) customer service applications, and metaverse services, with a focus on business-to-business (B2B) solutions.

Global Digital Transformation Market: The global digital transformation market was valued at approximately USD 721.6 billion in 2022 and is projected to reach USD 6.8 trillion by 2032, growing at a CAGR of 25.4% from 2023 to 2032. North America dominated this market with over 43.0% share in 2024, and the Asia-Pacific region is expected to experience the fastest growth.
Global B2B E-commerce Market: The global business-to-business e-commerce market size was estimated at around USD 18.67 trillion in 2023 and is projected to reach USD 57.58 trillion by 2030. North America held approximately 40% of the market share in 2023 and is forecast to be the fastest-growing region with a 17.2% CAGR from 2025 to 2030.
Global Blockchain Market: The global blockchain market was valued at USD 29.62 billion in 2024 and is expected to reach USD 2,264.66 billion by 2032. The Asia-Pacific region is noted as the highest-growing market, with a CAGR of 30.5% during the 2024-2030 forecast period.
Global AI for Customer Service Market: The global AI for customer service market size was valued at USD 12.32 billion in 2024 and is expected to reach USD 75.14 billion by 2032. North America held the largest revenue share of 43.5% in 2024.

Biohealth

Alset's Biohealth segment is involved in developing, researching, testing, manufacturing, licensing, and distributing biohealth products and services through various channels.

Global Nutraceuticals Market: The global nutraceuticals market, a relevant sub-segment, was valued at approximately USD 580.35 billion in 2024 and is expected to reach around USD 1,055.21 billion by 2034. The Asia Pacific region dominated this market with a 38.9% share in 2024. North America accounted for over 31.8% of the global revenue in 2024.

Electric Vehicle (EV) and Charging Infrastructure

Alset has recently been noted for its "New Energy" initiative, including a partnership to accelerate the electrification of taxis in Hong Kong, targeting 5,000 electric taxis.

Hong Kong EV Charging Stations Market: This market is estimated at US$47.033 million in 2024 and is anticipated to expand to US$146.683 million by 2029. As of September 2025, there are approximately 15,578 public EV chargers in Hong Kong.
Hong Kong Electric Vehicle Market: The EV market in Hong Kong is projected to grow at an annual rate (CAGR) of 8.3% between 2025 and 2029, reaching a market volume of HKD 2.0 billion by 2029.
Global Electric Vehicle Charging Infrastructure Market: The global market size was estimated at USD 37.98 billion in 2024 and is predicted to grow to approximately USD 415.58 billion by 2034. The Asia Pacific region accounted for USD 25.43 billion of this market in 2025 and held a 67.4% share in 2024.

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Here are 3-5 expected drivers of future revenue growth for Alset (AEI) over the next 2-3 years:

Expansion of EHome Communities and Sustainable Real Estate Projects: Alset Inc. is focused on the ongoing development of EHome communities and other real estate projects, emphasizing sustainable and healthy living solutions. This focus on specific, potentially in-demand real estate offerings is expected to drive future revenue.
Growth in Digital Transformation Technology: The company is actively exploring opportunities in digital transformation technology to diversify its revenue streams. While this segment did not generate significant revenue in 2024, its continued exploration and potential future development represent a growth driver.
Development of Biohealth Activities: Similar to digital transformation, Alset Inc. is exploring opportunities in the biohealth segment for revenue diversification. This emerging area, despite not being a significant revenue contributor in 2024, is identified as a potential future growth area.
Diversification into Other Business Activities and Consumer Products: Beyond its core real estate and nascent technology and biohealth segments, Alset Inc. is broadly exploring "other business activities to diversify its revenue streams" and operates in consumer products. This broad diversification strategy, across its operational geographies including the United States, Singapore, Hong Kong, Australia, and South Korea, presents multiple avenues for new revenue generation.

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Share Repurchases

In September 2025, Alset Inc. expanded its existing stock repurchase program by authorizing the repurchase of up to an additional $1 million of its common stock.
Prior to this, the company had spent approximately $392,000 to repurchase 284,462 shares under its existing program.
A new stock repurchase program authorizing up to $1 million of common stock buybacks was announced in June 2025, set to run until December 31, 2025, or until the authorized amount is fully utilized.

Share Issuance

Shareholders have experienced substantial dilution, with total shares outstanding growing by 323.6% in the year leading up to a recent filing.
As of September 29, 2025, Alset reported 39,117,324 shares of common stock outstanding.
Alset's net common equity issued/repurchased from 2020 to 2025 has fluctuated, with specific details found in annual and quarterly reports.

Inbound Investments

Alset Inc. entered into a convertible credit agreement with Value Exchange International Inc., providing a maximum credit line of $1,500,000, as detailed in its quarterly 10-Q report filed in November 2024.

Outbound Investments

Alset Inc. completed a reorganization of its home rental business on January 13, 2023, becoming the direct owner of AHR and its subsidiaries that collectively owned 112 single-family rental homes.
Alset F&B One Pte. Ltd. and Alset F&B (PLQ) Pte. Ltd., subsidiaries of Alset, each acquired restaurant franchise licenses at the end of 2021 and 2022, respectively, to operate Killiney Kopitiam restaurants in Singapore.
Alset holds a 41.5% ownership interest in New Energy Asia Pacific Company Limited.

Capital Expenditures

In the last 12 months, capital expenditures were approximately -$212,102, contributing to a free cash flow of $4.47 million.
The company's real estate segment, including property sales from the Lakes at Black Oak Project and the development of Alset Villas near Houston, Texas, represents a primary focus for capital allocation.
In 2021, a subsidiary, Alset EHome Inc., acquired approximately 19.5 acres of partially developed land near Houston, Texas, for the development of the Alset Villas community.

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SECTOR: Real Estate

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WELL (16.2%)

Welltower

Higher CFO/Rev LTM (Value for AEI: 69.5%)

CTRE (107.4%)

CareTrust REIT

OHI (76.2%)

Omega Healthcare Investors

WPC (75.9%)

W.P. Carey

NNN (72.7%)

NNN REIT

ADC (70.3%)

Agree Realty

Higher FCF/Rev LTM (Value for AEI: 67.5%)

CTRE (103.2%)

CareTrust REIT

OHI (76.2%)

Omega Healthcare Investors

WPC (75.9%)

W.P. Carey

NNN (72.7%)

NNN REIT

ADC (70.3%)

Agree Realty

Higher Total Yield (Value for AEI: -16.7%)

AMT (7.4%)

American Tower

SPG (4.4%)

Simon Property

EQIX (3.9%)

Equinix

PLD (2.7%)

Prologis

WELL (0.8%)

Welltower

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for AEI: 64.0% | 6.3x)

APO (89.3% | 3.2x)

Apollo Asset Management

SLF (88.9% | 1.0x)

Sun Life Financial

RIVN (103.0% | 4.4x)

Rivian Automotive

QXO (2715.8% | 3.3x)

QXO

HIMS (71.0% | 3.5x)

Hims & Hers Health

Higher Rev Chg LTM (Value for AEI: -8.2%)

NVDA (65.2%)

NVIDIA

MSFT (15.6%)

Microsoft

GOOGL (13.4%)

Alphabet

AMZN (10.9%)

Amazon.com

AAPL (6.0%)

Apple

Higher Rev Chg 3Y Avg (Value for AEI: 64.0%)

RIVN (103.0%)

Rivian Automotive

NVDA (91.6%)

NVIDIA

CRDO (90.5%)

Credo Technology

APO (89.3%)

Apollo Asset Management

SLF (88.9%)

Sun Life Financial

Higher Op Mgn LTM (Value for AEI: -49.4%)

NVDA (58.8%)

NVIDIA

MSFT (46.3%)

Microsoft

GOOGL (32.2%)

Alphabet

AAPL (31.9%)

Apple

AMZN (11.4%)

Amazon.com

Higher CFO/Rev LTM (Value for AEI: 69.5%)

IBKR (162.0%)

Interactive Brokers

ARES (85.1%)

Ares Management

FNV (84.7%)

Franco-Nevada

RY (83.0%)

Royal Bank of Canada

BAM (75.6%)

Brookfield Asset Management

Higher FCF/Rev LTM (Value for AEI: 67.5%)

IBKR (161.3%)

Interactive Brokers

RPRX (102.4%)

Royalty Pharma

ARES (83.9%)

Ares Management

RY (79.6%)

Royal Bank of Canada

BAM (75.6%)

Brookfield Asset Management

Higher Total Yield (Value for AEI: -16.7%)

MSFT (3.6%)

Microsoft

GOOGL (3.5%)

Alphabet

AMZN (2.9%)

Amazon.com

AAPL (2.8%)

Apple

NVDA (2.2%)

NVIDIA

		Best Bets In Real Estate Sector
	AEI	CTRE	WPC	NNN	ADC	OHI	O	EPRT	GLPI	EPR	FCPT
What You Pay
P/E	-6.0	29.9	39.1	18.9	41.6	24.3	53.8	24.4	16.3	19.1	22.3
P/EBIT	-5.7	26.0	20.6	12.6	24.9	16.6	24.2	17.1	10.7	11.6	15.1
What You Get
Rev Chg Q	-79.9%	82.4%	8.5%	5.3%	18.7%	12.9%	9.1%	23.7%	3.2%	4.3%	11.0%
Rev Chg LTM	-8.2%	47.6%	5.6%	4.5%	14.7%	13.7%	14.7%	24.2%	4.4%	4.2%	8.3%
Rev Chg 3Y Avg	64.0%	21.2%	5.6%	6.0%	19.5%	6.3%	21.5%	24.2%	7.4%	3.9%	9.5%
FCF/Rev 3Y Avg	4.8%	88.9%	84.4%	73.6%	73.1%	71.6%	69.5%	69.3%	65.4%	63.9%	61.3%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 9.6%, alpha of 3.1%, and sharpe of 0.44

Latest Trefis Analyses

	Title	Topic
0	DASHBOARDS
1	Can Alset Stock Recover If Markets Fall?	Return

	Title
0	ARTICLES

Trade Ideas

Select ideas related to AEI. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
MPW_10312025_Short_Squeeze	10312025	MPW	Medical Properties Trust	Special	Short Squeeze PotentialShort Squeeze Potential Has potential for a short squeeze. High short interest, rising short interest and high debt.	-0.7%	-0.7%	-5.8%

Recent Active Movers

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
OMER	Omeros	0.9	75.5%	55.5%
DVAX	Dynavax Technologies	1.8	38.2%	20.4%
EWTX	Edgewise Therapeutics	2.9	25.5%	2.2%
AGIO	Agios Pharmaceuticals	1.7	18.6%	-11.2%
TVTX	Travere Therapeutics	3.6	13.9%	131.2%
KOD	Kodiak Sciences	1.6	13.2%	212.4%
RZLT	Rezolute	0.3	13.2%	-44.1%
UP	Wheels Up Experience	0.5	11.7%	-57.4%
FBYD	Falcons Beyond Global	0.7	9.5%	129.7%
BW	Babcock & Wilcox Enterprises	0.5	8.5%	226.2%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
ASTS	AST SpaceMobile	18.9	-8.9%	269.9%
QBTS	D-Wave Quantum	9.4	-5.5%	227.6%
NNE	Nano Nuclear Energy	1.2	-4.6%	21.7%
MNMD	Mind Medicine	1.2	-4.2%	93.0%
PPTA	Perpetua Resources	2.0	-4.0%	149.1%
KOS	Kosmos Energy	0.4	-4.0%	-73.6%
FRMI	Fermi	5.5	-4.0%	-75.7%
EXOD	Exodus Movement	0.4	-3.9%	-50.5%
TLRY	Tilray Brands	10.8	-3.6%	-23.7%
AEHR	Aehr Test Systems	0.7	-3.1%	32.7%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
OMER	Omeros	0.9	74.0%	55.5%
LUNR	Intuitive Machines	2.0	63.7%	-8.0%
AAOI	Applied Optoelectronics	2.6	51.1%	11.2%
FBYD	Falcons Beyond Global	0.7	47.2%	129.7%
FLY	Firefly Aerospace	3.8	45.9%	-55.2%
RKLB	Rocket Lab	39.8	43.0%	203.0%
DVAX	Dynavax Technologies	1.8	42.5%	20.4%
UAMY	United States Antimony	0.8	39.9%	258.8%
DJT	Trump Media & Technology	4.0	36.7%	-58.0%
RZLT	Rezolute	0.3	36.3%	-44.1%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
NOW	ServiceNow	31.7	-80.5%	-28.0%
TPL	Texas Pacific Land	6.8	-66.5%	-19.2%
LW	Lamb Weston	6.0	-28.6%	-34.8%
TLRY	Tilray Brands	10.8	-21.2%	-23.7%
INSP	Inspire Medical Systems	2.8	-19.1%	-48.4%
TDUP	ThredUp	0.8	-17.1%	354.7%
OLMA	Olema Pharmaceuticals	2.3	-15.8%	370.8%
IIPR	Innovative Industrial Properties	1.4	-12.9%	-15.7%
ABM	ABM Industries	2.6	-12.6%	-15.8%
FRMI	Fermi	5.5	-12.6%	-75.7%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
WVE	WAVE Life Sciences	3.0	144.6%	47.5%
TE	T1 Energy	1.1	124.5%	418.4%
ANF	Abercrombie & Fitch	6.0	93.2%	-15.2%
VERA	Vera Therapeutics	3.6	90.4%	31.6%
LUNR	Intuitive Machines	2.0	85.7%	-8.0%
AAOI	Applied Optoelectronics	2.6	82.5%	11.2%
RKLB	Rocket Lab	39.8	81.8%	203.0%
PL	Planet Labs PBC	6.2	76.1%	403.0%
NRGV	Energy Vault	0.8	66.9%	118.9%
FLY	Firefly Aerospace	3.8	60.4%	-55.2%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
RZLT	Rezolute	0.3	-72.0%	-44.1%
JANX	Janux Therapeutics	0.9	-54.6%	-73.3%
LENZ	LENZ Therapeutics	0.5	-46.3%	-40.6%
FRMI	Fermi	5.5	-45.2%	-75.7%
GOGO	Gogo	0.6	-34.1%	-43.0%
HPK	HighPeak Energy	0.6	-30.8%	-69.2%
ORIC	ORIC Pharmaceuticals	0.7	-28.5%	4.5%
FDMT	4D Molecular Therapeutics	0.5	-25.6%	45.4%
NKTR	Nektar Therapeutics	0.6	-25.1%	215.0%
LW	Lamb Weston	6.0	-24.8%	-34.8%

Peer Comparisons for Alset

Peers to compare with:

Financials

	AEI	GRBK	FOR	LGIH	STRS	AXR	Median
Name	Alset	Green Br.	Forestar	LGI Homes	Stratus .	Amrep
Mkt Price	2.47	63.58	24.59	43.28	25.00	18.89	24.80
Mkt Cap	0.1	2.8	1.3	1.0	0.2	0.1	0.6
Rev LTM	12	2,113	1,662	1,789	32	46	854
Op Inc LTM	-6	439	209	107	-19	11	59
FCF LTM	8	158	-199	-171	-42	4	-19
FCF 3Y Avg	1	139	1	-148	-62	11	1
CFO LTM	8	162	-198	-170	-28	5	-11
CFO 3Y Avg	1	144	3	-146	-29	11	2

Growth & Margins

	AEI	GRBK	FOR	LGIH	STRS	AXR	Median
Name	Alset	Green Br.	Forestar	LGI Homes	Stratus .	Amrep
Rev Chg LTM	-8.2%	6.6%	10.1%	-20.6%	-33.7%	-27.3%	-14.4%
Rev Chg 3Y Avg	64.0%	6.1%	3.3%	-11.5%	13.2%	-1.5%	4.7%
Rev Chg Q	-79.9%	-4.7%	21.6%	-39.2%	-44.1%	-21.1%	-30.1%
QoQ Delta Rev Chg LTM	-24.7%	-1.1%	7.7%	-12.5%	-10.9%	-5.2%	-8.1%
Op Mgn LTM	-49.4%	20.8%	12.6%	6.0%	-59.7%	24.5%	9.3%
Op Mgn 3Y Avg	-36.6%	20.5%	14.3%	8.5%	-50.3%	16.3%	11.4%
QoQ Delta Op Mgn LTM	-23.4%	-0.5%	-0.5%	-2.1%	-20.3%	-2.9%	-2.5%
CFO/Rev LTM	69.5%	7.7%	-11.9%	-9.5%	-86.4%	10.9%	-0.9%
CFO/Rev 3Y Avg	6.3%	7.7%	1.0%	-7.1%	-96.1%	21.3%	3.6%
FCF/Rev LTM	67.5%	7.5%	-12.0%	-9.6%	-131.1%	9.7%	-1.0%
FCF/Rev 3Y Avg	4.8%	7.4%	0.9%	-7.2%	-199.7%	20.6%	2.8%

Valuation

	AEI	GRBK	FOR	LGIH	STRS	AXR	Median
Name	Alset	Green Br.	Forestar	LGI Homes	Stratus .	Amrep
Mkt Cap	0.1	2.8	1.3	1.0	0.2	0.1	0.6
P/S	6.6	1.3	0.8	0.6	6.3	2.2	1.8
P/EBIT	-6.1	6.3	6.0	9.3	-12.2	9.0	6.1
P/E	-6.3	8.2	7.5	9.4	-24.8	9.6	7.8
P/CFO	9.6	17.1	-6.3	-5.9	-7.3	20.1	1.8
Total Yield	-16.7%	12.2%	13.4%	10.7%	-3.9%	10.4%	10.5%
Dividend Yield	0.0%	0.0%	0.0%	0.0%	0.1%	0.0%	0.0%
FCF Yield 3Y Avg	-11.8%	6.5%	0.8%	-8.1%	-30.5%	8.5%	-3.6%
D/E	0.0	0.1	0.7	1.8	1.1	0.0	0.4
Net D/E	-0.5	0.1	0.3	1.7	0.8	-0.4	0.2

Returns

	AEI	GRBK	FOR	LGIH	STRS	AXR	Median
Name	Alset	Green Br.	Forestar	LGI Homes	Stratus .	Amrep
1M Rtn	-7.1%	-6.4%	-3.4%	-15.9%	11.9%	-12.7%	-6.8%
3M Rtn	-2.4%	-9.8%	-3.6%	-15.6%	13.0%	-23.3%	-6.7%
6M Rtn	162.7%	1.1%	23.5%	-13.9%	31.9%	-10.4%	12.3%
12M Rtn	171.4%	10.2%	-5.5%	-52.1%	22.5%	-39.9%	2.4%
3Y Rtn	-25.2%	161.9%	62.4%	-54.4%	30.3%	59.3%	44.8%
1M Excs Rtn	-2.4%	-5.2%	-2.3%	-13.8%	15.1%	-15.6%	-3.8%
3M Excs Rtn	-7.6%	-14.8%	-8.6%	-20.6%	8.0%	-28.2%	-11.7%
6M Excs Rtn	149.1%	-11.8%	10.6%	-26.9%	18.9%	-23.2%	-0.6%
12M Excs Rtn	129.1%	-6.6%	-22.2%	-69.6%	3.2%	-57.6%	-14.4%
3Y Excs Rtn	-104.7%	76.7%	-20.8%	-138.0%	-49.8%	-26.5%	-38.1%

FDIC Bank Data

Bank Capital

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Bank Deposits

null

Bank Assets

null

Bank Loans

null

FDA Approved Drugs Data

Expand for Morenull

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End	9/30/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date	11/14/2025	3/31/2025	4/1/2024	3/31/2023	3/31/2022	4/14/2021	11/25/2020
Key Financials
Total Revenue	12	21	22	4	20	16	24
Net Income	-13	-4	-59	-40	-103	-3	-5
EPS	-1.19	-0.43	-6.52	-6.22	-73.85	-7.60	-12.01
Growth Rates
Total Revenue Growth	-8.2%	-4.4%	393.0%	-77.4%	21.9%	-33.1%	19.0%
Net Income Growth	67.9%	93.3%	-45.6%	60.8%	-3178.4%	39.7%	-4.8%
Margins
Net Income Margin	-105.0%	-18.8%	-266.9%	-903.7%	-521.9%	-19.4%	-21.6%
Cash & Debt
Total Cash	39	49	49	90	123	74	6
Total Debt	2	3	2	2	2	4	6
Net Debt / (Cash)	-37	-46	-47	-89	-121	-71	-0
Cash Flows
Net Cash from Operations	8	5	7	-32	-17	0	6
Free Cash from Operations	8	5	7	-32	-17	0	6
Returns to Shareholders
Dividends	0	-0	0	-0	0	0	-0
Share Repurchases	0	21	-0	-0	-0	-0	-0

$ Mil \| FY: 12/31	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4
Period End	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022
Filing Date	11/14/2025	8/14/2025	5/15/2025	3/31/2025	11/14/2024	8/13/2024	5/15/2024	4/1/2024	11/14/2023	8/14/2023	5/15/2023	3/31/2023
Key Financials Quarterly
Total Revenue	1	1	1	9	5	1	6	1	1	19	1	1
Net Income	2	-8	-8	2	2	-1	-7	-33	-16	-6	-4	-13
EPS	0.05	-0.71	-0.78	0.25	0.19	-0.13	-0.73	-3.66	-1.73	-0.63	-0.46	-1.84
Key Financials TTM
Total Revenue TTM	12	16	16	21	13	9	27	22	22	22	3	4
Net Income TTM	-13	-13	-6	-4	-40	-57	-62	-59	-39	-35	-38	-40
Growth Rates Quarterly
Total Revenue Growth	-79.9%	-2.5%	-82.4%	778.8%	401.0%	-94.1%	556.6%	15.6%	37.2%	1967.7%	-52.5%	-69.2%
Net Income Growth	-11.9%	-563.5%	-23.1%	107.0%	110.7%	78.7%	-75.5%	-149.7%	-36.7%	35.4%	40.3%	42.9%
Margins Quarterly
Net Income Margin	151.4%	-748.1%	-780.1%	26.0%	34.6%	-109.9%	-111.2%	-3269.6%	-1617.0%	-30.3%	-416.2%	-1514.2%
Cash & Debt
Total Cash	39	33	43	49	44	37	41	49	80	93	91	90
Total Debt	2	3	3	3	3	3	3	2	2	2	2	2
Net Debt / (Cash)	-37	-30	-41	-46	-41	-34	-38	-47	-78	-91	-89	-89
Cash Flows Quarterly
FCF from Operations	1	-3	-4	14	-3	-4	-2	-1	1	11	-3	-4
Cash Flows TTM
FCF from Operations TTM	8	5	3	5	-10	-6	9	7	5	-8	-30	-32
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0	0	0	0	0	0
Share Repurchases	0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	-2.1%	-3.5%	-4.5%	2.7%	-0.3%	-3.3%	-2.4%	-3.8%	-3.0%	7.9%	-3.5%	-2.9%
Return on Invested Capital (ROIC) TTM
ROIC TTM	-1.6%	-1.3%	-1.3%	-0.9%	-2.5%	-3.1%	-0.6%	-0.7%	-0.3%	-0.3%	-3.1%	-3.0%

Segment Financials

Assets by Segment

$ Mil	2024	2023	2022	2021	2020
Real Estate	63	58	55	29
Other	55	87	115	78	5
Digital Transformation Technology	6	3	2	0	0
Biohealth Business	2	5	11	1	1
Discontinued Operations					0
Property development					30
Total	126	153	184	108	36

Price Behavior

Price Behavior

Market Price	$2.33
Market Cap ($ Bil)	0.0
First Trading Date	11/24/2020
Distance from 52W High	-45.4%
	50 Days	200 Days
DMA Price	$2.68	$1.70
DMA Trend	up	down
Distance from DMA	-13.0%	37.2%
	3M	1YR
Volatility	104.7%	153.1%
Downside Capture	438.08	213.53
Upside Capture	307.10	278.51
Correlation (SPY)	44.9%	14.2%

AEI Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	3.11	3.45	4.94	4.19	1.02	1.10
Up Beta	1.05	5.59	4.49	2.89	0.32	0.19
Down Beta	-1.62	2.05	-0.04	0.90	0.60	1.10
Up Capture	466%	424%	1929%	2537%	560%	320%
Bmk +ve Days	12	25	38	73	141	426
Stock +ve Days	11	20	30	61	121	342
Down Capture	403%	293%	444%	331%	137%	111%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	7	19	30	56	116	383

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Based On 1-Year Data

		Comparison of AEI With Other Asset Classes (Last 1Y)
	AEI	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	142.2%	4.4%	19.2%	71.9%	8.9%	6.0%	-10.1%
Annualized Volatility	152.1%	16.9%	19.5%	19.3%	15.3%	17.1%	35.0%
Sharpe Ratio	1.25	0.09	0.78	2.69	0.36	0.18	-0.12
Correlation With Other Assets		5.9%	14.0%	10.4%	9.9%	6.9%	19.7%

ETFs used for asset classes: Sector ETF = XLRE, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 5-Year Data

		Comparison of AEI With Other Asset Classes (Last 5Y)
	AEI	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-54.1%	5.5%	14.9%	18.7%	11.7%	4.8%	32.7%
Annualized Volatility	130.4%	19.1%	17.1%	15.5%	18.7%	18.9%	48.7%
Sharpe Ratio	-0.01	0.20	0.70	0.97	0.51	0.17	0.60
Correlation With Other Assets		10.6%	16.5%	8.9%	7.5%	12.6%	16.2%

Based On 10-Year Data

		Comparison of AEI With Other Asset Classes (Last 10Y)
	AEI	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-55.5%	6.2%	14.7%	14.9%	6.9%	5.2%	69.3%
Annualized Volatility	130.5%	20.6%	18.0%	14.8%	17.6%	20.8%	55.8%
Sharpe Ratio	-0.03	0.27	0.70	0.83	0.31	0.22	0.90
Correlation With Other Assets		10.3%	16.2%	8.8%	7.3%	12.3%	16.9%

Short Interest

Short Interest: As Of Date	12152025
Short Interest: Shares Quantity	305,527
Short Interest: % Change Since 11302025	-18.9%
Average Daily Volume	45,969
Days-to-Cover Short Interest	6.65
Basic Shares Quantity	32,597,445
Short % of Basic Shares	0.9%

Returns Analyses

	Title
0	Can Alset Stock Recover If Markets Fall?

SEC Filings

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Report Date	Filing Date	Filing
9302025	11142025	10-Q 9/30/2025
6302025	8142025	10-Q 6/30/2025
3312025	5152025	10-Q 3/31/2025
12312024	3312025	10-K 12/31/2024
9302024	11142024	10-Q 9/30/2024
6302024	8132024	10-Q 6/30/2024
3312024	5152024	10-Q 3/31/2024
12312023	4012024	10-K 12/31/2023
9302023	11142023	10-Q 9/30/2023
6302023	8142023	10-Q 6/30/2023
3312023	5152023	10-Q 3/31/2023
12312022	3312023	10-K 12/31/2022
9302022	11142022	10-Q 9/30/2022
6302022	8152022	10-Q 6/30/2022
3312022	5132022	10-Q 3/31/2022
12312021	3312022	10-K 12/31/2021

Insider Activity

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	Owner	Title	Filing Date	Action	Price	Shares	Transacted Value	Value of Held Shares	Form
0	Chan Heng Fai Ambrose	Chief Executive Officer	9162025	Sell	2.67	500,000	1,336,000	83,694,797	Form
1	Chan Heng Fai Ambrose	Chief Executive Officer	8192025	Buy	1.29	33,000	42,527	41,010,175	Form
2	Chan Heng Fai Ambrose	Chief Executive Officer	2182025	Buy	1.23	50,000	61,500	7,871,683	Form
3	Chan Heng Fai Ambrose	Chief Executive Officer	2132025	Buy	1.07	20,244	21,661	6,794,224	Form
4	Chan Heng Fai Ambrose	Chief Executive Officer	2102025	Buy	0.99	141,060	139,649	6,117,703	Form

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Alset (AEI)

Market Price (12/25/2025): $2.47 | Market Cap: $80.5 MilSector: Real Estate | Industry: Real Estate Development

Alset (AEI)

Market Price (12/25/2025): $2.47Market Cap: $80.5 MilSector: Real EstateIndustry: Real Estate Development

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

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AEI Stock

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About Alset (AEI)

Real Estate

Digital Transformation Technology

Biohealth

Electric Vehicle (EV) and Charging Infrastructure

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Better Bets than Alset (AEI)

INDUSTRY: Real Estate Development

Higher Rev Chg LTM (Value for AEI: -8.2%)

Higher Rev Chg 3Y Avg (Value for AEI: 64.0%)

Higher Op Mgn LTM (Value for AEI: -49.4%)

Higher CFO/Rev LTM (Value for AEI: 69.5%)

Higher FCF/Rev LTM (Value for AEI: 67.5%)

Higher Total Yield (Value for AEI: -16.7%)

SECTOR: Real Estate

Higher Rev Chg 3Y Avg | Lower P/S (Values for AEI: 64.0% | 6.3x)

Higher Rev Chg LTM (Value for AEI: -8.2%)

Higher Rev Chg 3Y Avg (Value for AEI: 64.0%)

Higher Op Mgn LTM (Value for AEI: -49.4%)

Higher CFO/Rev LTM (Value for AEI: 69.5%)

Higher FCF/Rev LTM (Value for AEI: 67.5%)

Higher Total Yield (Value for AEI: -16.7%)

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for AEI: 64.0% | 6.3x)

Higher Rev Chg LTM (Value for AEI: -8.2%)

Higher Rev Chg 3Y Avg (Value for AEI: 64.0%)

Higher Op Mgn LTM (Value for AEI: -49.4%)

Higher CFO/Rev LTM (Value for AEI: 69.5%)

Higher FCF/Rev LTM (Value for AEI: 67.5%)

Higher Total Yield (Value for AEI: -16.7%)

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Financials

Market Price (12/25/2025): $2.47 | Market Cap: $80.5 Mil
Sector: Real Estate | Industry: Real Estate Development

Market Price (12/25/2025): $2.47
Market Cap: $80.5 Mil
Sector: Real Estate
Industry: Real Estate Development