Hing Lee (HK) Holdings Limited (HK:0396)
:0396
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Hing Lee (HK) Holdings Limited
(0396)
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Rating:53Neutral
Price Target:
HK$0.25
▲(111.67% Upside)
Action:Reiterated
Date:06/06/26
The score is driven primarily by improved balance-sheet strength and solid cash generation, partially offset by unstable profitability (notably the 2025 revenue decline) and weak technical momentum. Valuation is a headwind due to the very high P/E, even with a high dividend yield.
Positive Factors
Materially improved balance sheet / low leverage
A sharply lower debt-to-equity ratio meaningfully reduces refinancing and solvency risk, giving the company durable financial flexibility. This cleaner capital structure supports long-term investment, dividend capacity, and resilience to cyclical revenue swings without reliance on external debt.
Negative Factors
Volatile and weakened profitability
Sharp swings from losses to a 2024 rebound then compressed margins in 2025 highlight unstable earnings power. Persistent volatility undermines forecasting, reduces reinvestment returns, and may constrain sustainable dividend policy and long-term investor confidence.
Read all positive and negative factors
Positive Factors
Negative Factors
Materially improved balance sheet / low leverage
A sharply lower debt-to-equity ratio meaningfully reduces refinancing and solvency risk, giving the company durable financial flexibility. This cleaner capital structure supports long-term investment, dividend capacity, and resilience to cyclical revenue swings without reliance on external debt.
Read all positive factors
Hing Lee (HK) Holdings Limited (0396) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$222.23M
Dividend Yield8.93%
Average Volume (3M)51.33K
Price to Earnings (P/E)265.0
Beta (1Y)<0.01
Revenue Growth-32.59%
EPS Growth-94.74%
CountryHK
Employees125
SectorConsumer Cyclical
Sector Strength84
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)<0.01
Shares Outstanding808,096,000
10 Day Avg. Volume35,800
30 Day Avg. Volume51,333
Financial Highlights & Ratios
PEG Ratio-1.11
Price to Book (P/B)1.88
Price to Sales (P/S)1.11
P/FCF Ratio4.29
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
Hing Lee (HK) Holdings Limited Business Overview & Revenue Model
Company Description
Hing Lee (HK) Holdings Limited functions as an investment holding company primarily focused on the home furniture sector. It is responsible for the design, manufacturing, marketing, sale, and global export of a diverse range of furniture products ...
How the Company Makes Money
null...
Hing Lee (HK) Holdings Limited Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
68
Positive
Cash Flow
74
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 76.76M | 113.87M | 94.21M | 100.39M | 175.01M |
| Gross Profit | 9.72M | 15.70M | 22.41M | 24.30M | 24.08M |
| EBITDA | 901.00K | 5.80M | -100.00K | -12.91M | 10.72M |
| Net Income | 787.00K | 15.32M | -11.46M | -26.73M | -5.52M |
Balance Sheet | |||||
| Total Assets | 61.70M | 66.32M | 182.27M | 222.16M | 288.35M |
| Cash, Cash Equivalents and Short-Term Investments | 34.96M | 26.95M | 33.51M | 38.05M | 45.97M |
| Total Debt | 3.65M | 2.25M | 60.10M | 80.88M | 94.33M |
| Total Liabilities | 16.63M | 14.32M | 75.10M | 103.43M | 140.94M |
| Stockholders Equity | 45.08M | 52.00M | 107.17M | 118.73M | 147.41M |
Cash Flow | |||||
| Free Cash Flow | 19.80M | 6.68M | 15.61M | 195.00K | -30.64M |
| Operating Cash Flow | 20.16M | 6.70M | 15.87M | 199.00K | -30.59M |
| Investing Cash Flow | -361.00K | 51.22M | -223.00K | 88.00K | -113.00K |
| Financing Cash Flow | -12.00M | -64.20M | -20.13M | -7.44M | 5.65M |
Hing Lee (HK) Holdings Limited Technical Analysis
Negative
0.12
Price Trends
0.34
Negative
0.27
Negative
0.19
Positive
Market Momentum
-0.01
Negative
43.35
Neutral
56.14
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0396, the sentiment is Negative. The current price of 0.12 is below the 20-day moving average (MA) of 0.26, below the 50-day MA of 0.34, and below the 200-day MA of 0.19, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 43.35 is Neutral, neither overbought nor oversold. The STOCH value of 56.14 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0396.
Hing Lee (HK) Holdings Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | HK$416.10M | 8.86 | 6.92% | 12.90% | 0.71% | 2.66% | |
65 Neutral | HK$2.33B | 20.55 | 6.79% | 3.07% | ― | ― | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | HK$481.02M | 11.54 | 4.84% | 7.24% | -6.53% | -49.31% | |
57 Neutral | HK$280.00M | 5.16 | 6.01% | 7.76% | 14.80% | -56.27% | |
53 Neutral | HK$222.23M | 265.00 | 1.58% | 8.93% | -32.59% | -94.74% | |
48 Neutral | HK$4.52B | -24.07 | -4.83% | ― | 4.06% | -469.59% |
* Consumer Cyclical Sector Average
HK:0396
Hing Lee (HK) Holdings Limited
0.27
0.17
191.21%
HK:1373
International Housewares Retail Co
0.68
-0.19
-21.57%
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0.82
0.03
4.19%
HK:1418
Sinomax Group Ltd.
0.18
-0.10
-37.10%
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JS Global Lifestyle Company Limited
1.34
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HK:2549
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Hing Lee (HK) Holdings Limited Corporate Events
Hing Lee Deal Talks Collapse as MOU Expires and Offer Period Ends
May 26, 2026
Hing Lee (HK) Holdings Limited has announced that a previously disclosed possible transaction, which could have resulted in a change of control and a mandatory general offer, will not proceed after the underlying memorandum of understanding expire...
Hing Lee Wins Unanimous Shareholder Backing at 2026 AGM
May 6, 2026
Hing Lee (HK) Holdings Limited reported that all resolutions at its 6 May 2026 annual general meeting were approved by shareholders through a poll, with 448,820,000 votes cast in favor and none against on each item. Shareholders endorsed the 2025 ...
Hing Lee Updates Market on Potential Change-of-Control Transaction
Apr 27, 2026
Hing Lee (HK) Holdings Limited has disclosed a monthly update on a possible transaction that could result in a change of control and trigger a mandatory general offer under Hong Kong’s Takeovers Code. The update notes that the potential purc...
Hing Lee (HK) Sets 2026 AGM to Approve Dividend, Board Changes and Share Buy-Back Mandate
Apr 13, 2026
Hing Lee (HK) Holdings Limited has scheduled its annual general meeting for 6 May 2026 in Hong Kong, where shareholders will review the audited financial statements and directors’ and auditors’ reports for the year ended 31 December 20...
Hing Lee (HK) flags share price spike amid talks on majority stake sale
Mar 26, 2026
Hing Lee (HK) Holdings Limited has alerted investors to recent unusual movements in its share price, stating that the board is unaware of any reason for the volatility other than a potential change in its controlling shareholding. The company emph...
Hing Lee (HK) Halts Trading Pending Takeover-Related Announcement
Mar 26, 2026
Hing Lee (HK) Holdings Limited has requested a trading halt in its shares on the Stock Exchange of Hong Kong, effective from 9:00 a.m. on March 26, 2026. The suspension comes ahead of an announcement under the Hong Kong Code on Takeovers and Merge...
Hing Lee (HK) Holdings’ 2025 Profit Plunges on Revenue Slide and Absence of One-Off Gain
Mar 20, 2026
Hing Lee (HK) Holdings Limited reported a steep decline in revenue to HK$76.76 million for 2025 from HK$113.87 million a year earlier, reflecting weaker sales momentum after the prior year’s one-off gain from disposal of subsidiaries. Gross ...
Hing Lee (HK) Holdings Declares Final Dividend for 2025
Mar 20, 2026
Hing Lee (HK) Holdings Limited has proposed a final ordinary cash dividend of HK$0.015 per share for the financial year ended 31 December 2025, subject to shareholder approval at a meeting on 6 May 2026. The move signals the company’s intent...
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.