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Sheng Tang Holdings (HKSE:08305) Intangible Assets : HK$0.0 Mil (As of Jun. 2024)


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What is Sheng Tang Holdings Intangible Assets?

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Sheng Tang Holdings's intangible assets for the quarter that ended in Jun. 2024 was HK$0.0 Mil.


Sheng Tang Holdings Intangible Assets Historical Data

The historical data trend for Sheng Tang Holdings's Intangible 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.

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Sheng Tang Holdings Intangible Assets Chart

Sheng Tang Holdings Annual Data
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Sheng Tang Holdings Quarterly Data
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Sheng Tang Holdings Intangible Assets Calculation

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Examples of intangible assets include trade secrets, copyrights, patents, trademarks. If a company acquires assets at the prices above the book value, it may carry goodwill on its balance sheet. Goodwill reflects the difference between the price the company paid and the book value of the assets.


Sheng Tang Holdings  (HKSE:08305) Intangible Assets Explanation

If a company (company A) received a patent through their own work, though it has value, it does not show up on its balance sheet as an intangible asset. However, if company A sells this patent to company B, it will show up on company B's balance sheet as an intangible asset.

The same applies to brand names, trade secrets etc. For instance, Coca-Cola's brand is extremely valuable, but the brand does not appear on its balance sheet, because the brand was never acquired.

Some intangibles are amortized. Amortization is the depreciation of intangible assets.

Many intangibles are not amortized. They may still be written down when the company decides the asset is impaired.

Whenever you see an increase in goodwill over a number of years, you can assume it's because the company is out buying other businesses above book value. GOOD if buying businesses with durable competitive advantage.

If goodwill stays the same, the company when acquiring other companies is either paying less than book value or not acquiring. Businesses with moats never sell for less than book value.

Intangibles acquired are on balance sheet at fair value.

Internally developed brand names (Coke, Wrigleys, Band-Aid) however are not reflected on the balance sheet.

One of the reasons competitive advantage power can remain hidden for so long.


Be Aware

Companies may change the way intangible assets are amortized, and this will affect their reported earnings.


Sheng Tang Holdings Intangible Assets Related Terms

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Sheng Tang Holdings Business Description

Traded in Other Exchanges
N/A
Address
3 On Yiu Street, Unit 1901-1905, 19th Floor, Delta House, Shatin, New Territories, Hong Kong, HKG
Sheng Tang Holdings Ltd Formerly Allurefem Holding Ltd is a multi-disciplinary contractor in Hong Kong. The company provides various services such as E&M Works, Civil Works, Steel Works, and others. It offers its services to the Construction Industry, Registers of the Buildings Department, Minor Works contractors in Class I, II, and III of all types of Specialist contractors, and others. The company's reportable segments are RMAA works projects, New construction works projects, and Corrosion protection works projects. It generates a majority of its revenue from the RMAA works projects. Geographically, the company generates the majority of its revenue from Hong Kong.
Executives
Advanced Pacific Enterprises Limited 2101 Beneficial owner
Heung Chung Sum 2201 Interest of corporation controlled by you
Xu Changcheng 2101 Beneficial owner
China Innovation Investment Limited 2101 Beneficial owner

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