Chow Sang Sang Holdings International Limited (HK:0116)
:0116
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Chow Sang Sang Holdings International
(0116)
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Rating:67Neutral
Price Target:
HK$12.50
▼(-13.07% Downside)
Action:Reiterated
Date:04/29/26
The score is primarily supported by a strong 2025 profitability recovery and very compelling valuation (low P/E and high dividend yield). These positives are tempered by a major drop in operating/free cash flow (weaker cash conversion) and weak technical momentum with the stock trading below key moving averages.
Positive Factors
Improving profitability and margins
The material margin expansion and stronger operating leverage in 2025 signify structural improvements in cost control, pricing and mix. Sustained higher gross and EBIT margins support durable cash earnings, better ability to invest in product and stores, and a higher return on capital over the medium term.
Negative Factors
Weakened operating cash generation
A large drop in operating cash flow versus reported profits indicates weaker cash conversion and higher working-capital absorption. This reduces the company's capacity to self-fund dividends, capex or buybacks, raises earnings-quality concerns, and leaves less buffer against cyclical downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving profitability and margins
The material margin expansion and stronger operating leverage in 2025 signify structural improvements in cost control, pricing and mix. Sustained higher gross and EBIT margins support durable cash earnings, better ability to invest in product and stores, and a higher return on capital over the medium term.
Read all positive factors
Chow Sang Sang Holdings International (0116) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$7.56B
Dividend Yield4.6%
Average Volume (3M)1.35M
Price to Earnings (P/E)2.5
Beta (1Y)0.65
Revenue Growth6.00%
EPS Growth114.75%
CountryHK
Employees11,005
SectorConsumer Cyclical
Sector Strength84
IndustryLuxury Goods
Share Statistics
EPS (TTM)2.47
Shares Outstanding671,712,000
10 Day Avg. Volume626,095
30 Day Avg. Volume1,352,397
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)0.59
Price to Sales (P/S)0.38
P/FCF Ratio18.25
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$19.31Price Target Upside34.28% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)3.11
Revenue Forecast (FY)HK$24.49B
Chow Sang Sang Holdings International Business Overview & Revenue Model
Company Description
Chow Sang Sang Holdings International Limited is a prominent Hong Kong-based jewelry retailer and manufacturer, primarily engaged in the design, production, and sale of gold, platinum, and diamond jewelry. The company operates a network of retail ...
How the Company Makes Money
The company makes money mainly by selling jewellery and precious metals products through multiple channels:
1) Retail sales (core revenue stream)
- It earns revenue from selling jewellery directly to consumers through its store network and other ...
Chow Sang Sang Holdings International Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
71
Positive
Cash Flow
46
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 22.45B | 21.18B | 25.01B | 20.56B | 21.99B |
| Gross Profit | 7.32B | 5.99B | 6.60B | 5.54B | 5.52B |
| EBITDA | 2.91B | 2.10B | 2.42B | 1.55B | 1.88B |
| Net Income | 1.72B | 805.58M | 1.01B | 452.33M | 643.26M |
Balance Sheet | |||||
| Total Assets | 24.54B | 19.65B | 19.16B | 18.65B | 18.09B |
| Cash, Cash Equivalents and Short-Term Investments | 994.86M | 1.35B | 1.11B | 762.96M | 681.75M |
| Total Debt | 8.27B | 5.96B | 5.62B | 5.62B | 4.12B |
| Total Liabilities | 10.08B | 7.27B | 6.99B | 6.78B | 5.35B |
| Stockholders Equity | 14.46B | 12.43B | 12.20B | 11.89B | 12.75B |
Cash Flow | |||||
| Free Cash Flow | 464.77M | 1.56B | 1.71B | -396.95M | -1.18B |
| Operating Cash Flow | 592.17M | 1.78B | 2.16B | 9.40M | -732.41M |
| Investing Cash Flow | -120.77M | -175.15M | -409.07M | -347.44M | -401.18M |
| Financing Cash Flow | -835.65M | -1.34B | -1.39B | 417.98M | 133.61M |
Chow Sang Sang Holdings International Technical Analysis
Negative
14.38
Price Trends
12.33
Negative
12.48
Negative
12.12
Negative
Market Momentum
-0.24
Positive
39.97
Neutral
18.66
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0116, the sentiment is Negative. The current price of 14.38 is above the 20-day moving average (MA) of 11.89, above the 50-day MA of 12.33, and above the 200-day MA of 12.12, indicating a bearish trend. The MACD of -0.24 indicates Positive momentum. The RSI at 39.97 is Neutral, neither overbought nor oversold. The STOCH value of 18.66 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0116.
Chow Sang Sang Holdings International Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | HK$2.07B | 1.58 | 5.10% | 4.05% | 10.23% | 66.75% | |
73 Outperform | HK$12.73B | 5.90 | 9.57% | 4.43% | 10.89% | 2.02% | |
67 Neutral | HK$7.56B | 2.51 | 12.17% | 4.60% | 6.00% | 114.75% | |
65 Neutral | HK$7.79B | 7.20 | 20.83% | 1.70% | ― | ― | |
64 Neutral | HK$108.22B | 15.23 | 23.29% | 4.21% | -9.49% | 32.56% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
46 Neutral | HK$194.36M | -2.42 | -55.04% | ― | -27.28% | 47.40% |
* Consumer Cyclical Sector Average
HK:0116
Chow Sang Sang Holdings International
11.43
4.74
70.93%
HK:1929
Chow Tai Fook Jewellery Group
11.00
0.46
4.36%
HK:0887
Emperor Watch & Jewellery
0.28
-0.02
-8.33%
HK:0590
Luk Fook Holdings (International)
21.46
4.43
26.02%
HK:0417
Tse Sui Luen Jewellery (International) Ltd
0.78
0.19
32.20%
HK:6168
Zhou Liu Fu Jewellery Co., Ltd. Class H
18.43
-21.31
-53.62%
Chow Sang Sang Holdings International Corporate Events
Chow Sang Sang Sets 2026 AGM to Renew Share Mandates and Board Powers
Apr 24, 2026
Chow Sang Sang Holdings International has called its annual general meeting for 29 May 2026 in Hong Kong, where shareholders will review and adopt the audited financial statements for the year ended 31 December 2025 and vote on the re-election of ...
Chow Sang Sang Profit More Than Doubles on Strong 2025 Retail Performance
Mar 26, 2026
Chow Sang Sang Holdings International, a Hong Kong-listed jewellery retailer, reported solid growth in both its core retail operations and ancillary businesses for the year ended 31 December 2025. The group’s expanding footprint in Greater C...
Chow Sang Sang Declares HKD 0.79 Second Interim Dividend for 2025
Mar 26, 2026
Chow Sang Sang Holdings International Limited has declared a second interim dividend, in lieu of a final dividend, of HKD 0.79 per share for the financial year ended 31 December 2025. The dividend will be paid in Hong Kong dollars, with an ex-divi...
Chow Sang Sang Sees 2025 Profit More Than Double on Strong Sales and Higher Margins
Mar 16, 2026
Chow Sang Sang Holdings International expects profit attributable to owners from continuing operations for the year ended 31 December 2025 to rise sharply to between HKD1.6 billion and HKD1.7 billion, compared with HKD772 million a year earlier. T...
Chow Sang Sang Sets March Board Meeting to Approve 2025 Results and Dividend Plan
Mar 13, 2026
Chow Sang Sang Holdings International has scheduled a board meeting for 26 March 2026 to review and approve the group’s audited annual results for the year ended 31 December 2025. The board will also consider declaring a second interim divid...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.