Sino Golf Holdings Limited (HK:0361)
:0361
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Sino Golf Holdings Limited
(0361)
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Rating:44Neutral
Price Target:
HK$0.05
▼(-33.75% Downside)
Action:Reiterated
Date:05/04/26
The score is primarily weighed down by weak financial performance, particularly widening losses and a sharp swing to negative operating/free cash flow in 2025, despite a de-levered balance sheet. Technicals add further pressure as the stock trades below all key moving averages with negative MACD. Valuation provides limited support because the company is loss-making and no dividend yield is available.
Positive Factors
De-levered Balance Sheet
Very low leverage (debt-to-equity ~0.02 in 2025) materially reduces solvency and interest burdens, giving management financial flexibility. This lower financial risk supports short-to-medium term stability and optionality to fund operations or small investments without immediate refinancing pressure.
Negative Factors
Persistent Net Losses
Recurrent net losses across all reported years show structural profitability challenges. Ongoing negative earnings erode retained capital, limit reinvestment capacity, and heighten dependence on external financing, undermining long-term competitiveness unless profitability is restored.
Read all positive and negative factors
Positive Factors
Negative Factors
De-levered Balance Sheet
Very low leverage (debt-to-equity ~0.02 in 2025) materially reduces solvency and interest burdens, giving management financial flexibility. This lower financial risk supports short-to-medium term stability and optionality to fund operations or small investments without immediate refinancing pressure.
Read all positive factors
Sino Golf Holdings Limited (0361) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$321.82M
Dividend YieldN/A
Average Volume (3M)47.00M
Price to Earnings (P/E)―
Beta (1Y)0.84
Revenue Growth-27.65%
EPS Growth-820.00%
CountryHK
Employees680
SectorConsumer Cyclical
Sector Strength84
IndustryLeisure
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding5,851,250,000
10 Day Avg. Volume63,882,000
30 Day Avg. Volume46,999,333
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)1.64
Price to Sales (P/S)2.33
P/FCF Ratio-12.82
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Sino Golf Holdings Limited Business Overview & Revenue Model
Company Description
Sino Golf Holdings Limited, an investment holding company, designs, develops, manufactures, trades in, and sells golf equipment, and related components and parts in Japan, North America, Europe, rest of Asia, and internationally. The company opera...
How the Company Makes Money
null...
Sino Golf Holdings Limited Financial Statement Overview
Summary
Income Statement
32
Negative
Balance Sheet
70
Positive
Cash Flow
28
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 190.12M | 262.77M | 216.56M | 479.42M | 418.48M |
| Gross Profit | 48.97M | 68.59M | 48.18M | 85.41M | 60.04M |
| EBITDA | -11.10M | 11.62M | 6.15M | 23.00M | 4.10M |
| Net Income | -24.58M | -2.36M | -18.54M | -15.95M | -23.67M |
Balance Sheet | |||||
| Total Assets | 395.63M | 399.97M | 388.33M | 488.61M | 557.51M |
| Cash, Cash Equivalents and Short-Term Investments | 41.96M | 118.98M | 111.97M | 141.16M | 122.73M |
| Total Debt | 6.08M | 120.35M | 117.21M | 185.92M | 189.03M |
| Total Liabilities | 122.82M | 172.36M | 158.06M | 239.25M | 289.80M |
| Stockholders Equity | 270.09M | 224.88M | 227.54M | 246.64M | 264.99M |
Cash Flow | |||||
| Free Cash Flow | -34.62M | 4.52M | 40.26M | 18.96M | 29.08M |
| Operating Cash Flow | -33.79M | 8.75M | 41.73M | 20.67M | 30.82M |
| Investing Cash Flow | -19.63M | -1.86M | 674.00K | -1.25M | -1.62M |
| Financing Cash Flow | -20.14M | -3.52M | -71.67M | -9.28M | -29.42M |
Sino Golf Holdings Limited Technical Analysis
Neutral
0.08
Price Trends
0.06
Negative
0.07
Negative
0.07
Negative
Market Momentum
>-0.01
Negative
51.53
Neutral
70.37
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0361, the sentiment is Neutral. The current price of 0.08 is above the 20-day moving average (MA) of 0.06, above the 50-day MA of 0.06, and above the 200-day MA of 0.07, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 51.53 is Neutral, neither overbought nor oversold. The STOCH value of 70.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:0361.
Sino Golf Holdings Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | HK$1.03B | -2.83 | -8.76% | 9.09% | -39.09% | 5.19% | |
60 Neutral | HK$561.72M | -30.67 | 1.26% | 13.73% | -45.00% | -111.66% | |
50 Neutral | HK$136.31M | 4.42 | -0.11% | 8.62% | -8.31% | -108.70% | |
45 Neutral | HK$302.48M | -2.22 | -37.46% | 4.17% | 5.77% | 45.19% | |
44 Neutral | HK$321.82M | -18.05 | -10.23% | ― | -27.65% | -820.00% | |
44 Neutral | HK$130.28M | -1.16 | -30.01% | ― | -0.86% | -27.55% |
* Consumer Cyclical Sector Average
HK:0361
Sino Golf Holdings Limited
0.06
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Sino Golf Holdings Limited Corporate Events
Hanfort Development Shifts Hong Kong Principal Office, Keeps Operations Steady
Apr 20, 2026
Hanfort Development Holdings Limited has announced a change to its principal place of business in Hong Kong, effective 20 April 2026, relocating to Unit K, 20/F., Kings Wing Plaza 2, 1 On Kwan Street, Shek Mun, Shatin, New Territories. The company...
Hanfort Development Reshuffles Key Corporate Governance Roles
Apr 10, 2026
Hanfort Development Holdings Limited has announced the resignation of Ms. Choi Ka Ying from her roles as company secretary, authorised representative, process agent and chief financial officer, effective 10 April 2026. The company noted that Ms. C...
Hanfort Development Swings to Deeper Full-Year Loss on Revenue Drop
Mar 27, 2026
Hanfort Development Holdings Limited reported a sharp decline in revenue to HK$190.1 million for the year ended 31 December 2025, down from HK$262.8 million a year earlier, with gross profit shrinking to HK$49.0 million. Rising administrative expe...
Hanfort Development Signs 12-Year Vietnam Factory Lease for Golf Equipment Expansion
Mar 13, 2026
Hanfort Development Holdings Limited has entered into a 12-year lease for new factory premises in Nam Cau Kien Industrial Park in Hai Phong City, Vietnam, through an indirect wholly owned subsidiary. The facilities, comprising two single‑sto...
Hanfort Development Sets Board Meeting to Approve 2025 Results and Mull Final Dividend
Mar 13, 2026
Hanfort Development Holdings Limited has notified investors that its board of directors will convene a meeting on 27 March 2026. The session will review and approve the audited annual results for the year ended 31 December 2025 for the company and...
Hanfort Development Warns of Sharply Wider 2025 Loss on U.S. Tariffs
Mar 11, 2026
Hanfort Development Holdings Limited has warned that it expects to post a much wider loss for the year ended 31 December 2025, projecting a deficit of between HK$24 million and HK$26 million, compared with a loss of about HK$2.4 million a year ear...
Hanfort Development Rebrands from Sino Golf with New Name and Stock Short Code
Feb 5, 2026
Hanfort Development Holdings Limited has officially changed its English name from Sino Golf Holdings Limited to Hanfort Development Holdings Limited and adopted a new Chinese name, reflecting a rebranding of the listed Bermuda-incorporated group w...
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.