ASF GROUP LIMITED (AFA)



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General Information
Company Name: ASF Group Limited
Stock Code: AFA
Website: www.asfgroupltd.com
GICS Sub-Industry: Other Diversified Financial Services
Market Cap ($M): 58
Equiv. Shares (M): 314

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
$ 0.185 $ 0.000 $ 0.000 $ 0.000 $ 0.185 0 0%

Company Overview

Business Description:
ASF Group Limited (AFA) operates in several sectors including mineral resources, property, resources trading, fund management & advisory services. AFA also acts as a creator and facilitator of two-way cross-border investments, trade and technology transfers between China and Australia.


Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2012  A 21.4 6.9 -- 2.0 0.0 0.0 --
2011  A -1.2 -0.4 -- 0.0 0.0 0.0 --
2010  A -2.6 -1.0 -- 0.0 0.0 0.0 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2010 A 2011 F 2012 F 2010 A 2011 F 2012 F 2010 A 2011 F 2012 F
ASF Group (AFA) $58 M -- -- -- 2.6734 -- -- 0.0000 -- --
IOOF (IFL) $1,978 M -0.1406 0.1269 0.1281 20.6295 18.3068 16.2286 0.0434 0.0485 0.0539
Macquarie Group (MQG) $14,989 M 0.2165 0.4295 0.1149 17.9277 12.5409 11.2482 0.0453 0.0564 0.0639
Perpetual (PPT) $1,815 M 0.1615 0.1182 0.1812 25.7121 22.9951 19.4670 0.0208 0.0273 0.0399
Platinum Asset Mgmt (PTM) $3,008 M -0.1447 0.0036 0.1749 23.4562 23.3732 19.8945 0.0398 0.0393 0.0480

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth
AFA 0.20 2.67 1.84 --
Market 1.08 12.7 0.89 1.87
Sector 1.22 19.7 1.15 1.32

Directors
Name Position Start Date
Mr Quan(David) Fang Executive Director 09 September 2005
Ms Min Yang Executive Director,Executive Chairman 09 September 2005
Mr Nga Fong Lao Non-Executive Deputy Chairman,Non-Executive Director 30 November 2006
Mr Alan John Humphris Non-Executive Director 05 September 2007
Mr Geoffrey Robert Baker Non-Executive Director 30 November 2006
Mr Wai Sang Ho Non-Executive Director 30 November 2006
Mr Xin Zhang Non-Executive Director 08 February 2010
Mr Yong Jiang Non-Executive Director 30 November 2012

Management
Name Position
William Chi Yuen Kuan Company Secretary
Justin Clarke Development and Operations Director, ASF Corporate
Wei Jin Director, ASF Resources
Sally Humphris Executive Director, ASF Balmoral
Ning Shen General Manager - China Business Development, ASF Corporate

Substantial Shareholders
Holding Name
41,620,000 (13.46%) FY Holdings Limited
40,000,000 (12.94%) Suntimes International Ltd
29,159,008 (9.43%) Zhen Li

Calendar of Events
Date Event
27 February 2014 Report (Interim)
30 October 2013 Report (Annual)
30 October 2013 Report (Quarterly)
30 September 2013 Report (Annual)
30 August 2013 Report (Prelim)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/fsg.asp.

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