Tse Sui Luen Jewellery (International) Ltd (0417) AI Stock Analysis

• Market Cap: HK$311.48M
• Dividend Yield: N/A
• Average Volume (3M): 496.13K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.82
• Revenue Growth: -35.50%
• EPS Growth: 47.15%
• Country: HK
• Employees: 1,325
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Luxury Goods
• EPS (TTM): -0.62
• Shares Outstanding: 249,182,040
• 10 Day Avg. Volume: 328,011
• 30 Day Avg. Volume: 496,125
• PEG Ratio: 0.02
• Price to Book (P/B): 0.49
• Price to Sales (P/S): 0.10
• P/FCF Ratio: 0.83
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 46 Neutral
• Price Target: HK$1.50 ▲(27.12% Upside)

The overall stock score is primarily impacted by the company's financial performance challenges, including negative profitability and high leverage. Technical analysis suggests a bearish trend with potential oversold conditions, while valuation metrics are unattractive due to negative earnings. Improvements in cash flow provide a slight positive outlook, but significant operational and financial improvements are needed.

Tse Sui Luen Jewellery (International) Ltd Business Overview & Revenue Model

Company Description

Tse Sui Luen Jewellery (International) Limited, an investment holding company, manufactures, sells, and markets jewelry products in Hong Kong, Macau, Mainland China, Malaysia, and other countries. It operates through Retail Business, Wholesale Business, E-Business, and Other Businesses segments. The company is also involved in the retail, wholesale, trading, and franchising of jewelry; sells jewelry products through e-commerce platforms; property holding and investment businesses; trademarks holding and investment; and management and administrative services, as well as logistic and supply chain management activities. It operates approximately 480 jewelry boutiques. The company was founded in 1960 and is headquartered in Hung Hom, Hong Kong. Tse Sui Luen Jewellery (International) Limited operates as a subsidiary of Partner Logistics Limited.

How the Company Makes Money

Tse Sui Luen generates revenue through multiple streams, primarily from the sale of its jewellery products in retail stores and online platforms. The company operates a network of retail outlets, which are strategically located in high-traffic shopping areas to maximize customer reach. Additionally, it engages in wholesale operations, supplying jewellery to other retailers. The company's revenue model is bolstered by seasonal promotions and collaborations, especially during festive periods, which drive sales volume. Furthermore, Tse Sui Luen benefits from partnerships with luxury brands and participation in trade fairs, enhancing its visibility and market presence. The combination of retail sales, wholesale distribution, and strategic partnerships constitutes the core of its revenue generation strategy.

Tse Sui Luen Jewellery (International) Ltd Financial Statement Overview

Summary

Tse Sui Luen Jewellery (International) Ltd faces significant financial challenges, particularly in revenue growth and profitability. High leverage and negative returns on equity are concerning, though cash flow improvements provide some optimism. The company needs to address operational inefficiencies and improve its financial stability to enhance its overall financial health.

Income Statement

The company has faced significant challenges in maintaining revenue growth, with a notable decline of 21.18% in the latest year. Gross profit margins have decreased over time, and the net profit margin remains negative, indicating ongoing profitability issues. EBIT and EBITDA margins are also negative, reflecting operational inefficiencies.

Balance Sheet

The balance sheet shows high leverage with a debt-to-equity ratio of 2.28, indicating significant reliance on debt financing. Return on equity is negative, highlighting challenges in generating returns for shareholders. The equity ratio is low, suggesting limited financial stability.

Cash Flow

Cash flow performance shows improvement, with a 40.38% growth in free cash flow. The operating cash flow to net income ratio is positive, indicating some ability to convert income into cash. However, the free cash flow to net income ratio suggests that cash generation is still constrained by negative net income.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.17B	1.71B	2.65B	2.59B	2.77B	2.65B
Gross Profit	612.61M	583.51M	785.66M	908.84M	1.06B	959.72M
EBITDA	-218.29M	-16.63M	-121.90M	168.27M	248.35M	254.56M
Net Income	-359.80M	-197.75M	-374.20M	-71.54M	15.55M	-44.09M
Balance Sheet
Total Assets	2.23B	1.68B	2.36B	2.84B	2.71B	2.53B
Cash, Cash Equivalents and Short-Term Investments	110.15M	129.38M	179.97M	714.50M	737.23M	697.08M
Total Debt	1.12B	806.05M	1.19B	1.33B	1.07B	1.12B
Total Liabilities	1.70B	1.33B	1.81B	1.95B	1.66B	1.59B
Stockholders Equity	533.25M	354.02M	553.73M	894.06M	1.05B	942.21M
Cash Flow
Free Cash Flow	149.80M	210.28M	68.31M	-43.25M	253.94M	338.34M
Operating Cash Flow	199.43M	236.68M	146.04M	86.59M	310.05M	360.56M
Investing Cash Flow	2.79M	212.78M	-5.12M	-132.28M	-94.39M	-79.67M
Financing Cash Flow	-387.03M	-501.01M	-299.49M	58.55M	-250.67M	-248.92M

Tse Sui Luen Jewellery (International) Ltd Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 1.18
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0417, the sentiment is Neutral. The current price of 1.18 is below the 20-day moving average (MA) of 1.22, below the 50-day MA of 1.35, and above the 200-day MA of 0.89, indicating a neutral trend. The MACD of -0.04 indicates Positive momentum. The RSI at 40.05 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:0417.

Tse Sui Luen Jewellery (International) Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0590	77 Outperform	$13.50B	12.28	8.44%	4.42%	-12.95%	-37.76%
0116	75 Outperform	HK$8.64B	7.32	9.13%	4.40%	-10.41%	67.25%
0887	72 Outperform	HK$2.03B	7.43	5.10%	3.51%	6.82%	42.74%
1929	64 Neutral	$133.97B	22.93	22.73%	3.48%	-17.53%	-8.90%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
1815	59 Neutral	HK$2.33B	34.43	3.54%	―	-23.48%	―
0417	46 Neutral	HK$311.48M	-1.58	-43.57%	―	-35.50%	47.15%

Tse Sui Luen Jewellery (International) Ltd Corporate Events

Leadership Changes at Tse Sui Luen Jewellery

Tse Sui Luen Jewellery announced the resignation of Mr. Yeung Yuk Lun from his roles as Chief Financial Officer, Company Secretary, and Authorized Representative, effective October 5, 2025, to focus on other business commitments. The company has appointed Ms. Chang Hang Yee Florence as the new Company Secretary and Mr. Alex Chan as the Authorized Representative, both effective the same date, signaling a smooth transition in its leadership team.

The most recent analyst rating on (HK:0417) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on Tse Sui Luen Jewellery (International) Ltd stock, see the HK:0417 Stock Forecast page.

Tse Sui Luen Jewellery Faces High Shareholding Concentration

Tse Sui Luen Jewellery (International) Ltd has announced a high concentration of shareholding, with a significant portion of its shares held by a small group of shareholders. This concentration could lead to substantial price fluctuations in the company’s shares, prompting caution among investors. The Securities and Futures Commission’s findings revealed that as of August 21, 2025, 91.97% of the company’s shares were held by 19 shareholders and key executives, leaving only 8.03% in the hands of other shareholders. This shareholding structure has led to significant volatility in the company’s share price, which saw a dramatic increase of 235.94% over a short period in August 2025.

The most recent analyst rating on (HK:0417) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Tse Sui Luen Jewellery (International) Ltd stock, see the HK:0417 Stock Forecast page.

High Shareholding Concentration in Tse Sui Luen Jewellery Sparks Volatility Concerns

The Securities and Futures Commission (SFC) has announced a high concentration of shareholding in Tse Sui Luen Jewellery, with a small number of shareholders holding a significant portion of the company’s shares. This concentration poses a risk of substantial price fluctuations, as evidenced by the recent sharp increase in share price, and investors are advised to exercise caution.

The most recent analyst rating on (HK:0417) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Tse Sui Luen Jewellery (International) Ltd stock, see the HK:0417 Stock Forecast page.

Tse Sui Luen Jewellery Strengthens Governance with Nomination Committee Framework

Tse Sui Luen Jewellery (International) Limited has outlined the terms of reference for its Nomination Committee, which was established to oversee the structure, composition, and diversity of the Board of Directors. The committee is tasked with identifying qualified individuals for board positions, assessing the independence of non-executive directors, and making recommendations on board appointments and succession planning. This initiative is aimed at enhancing the company’s governance and aligning its board structure with its corporate strategy, potentially impacting its operational efficiency and stakeholder confidence.

The most recent analyst rating on (HK:0417) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Tse Sui Luen Jewellery (International) Ltd stock, see the HK:0417 Stock Forecast page.

Tse Sui Luen Jewellery Passes All AGM Resolutions

Tse Sui Luen Jewellery (International) Limited announced that all resolutions proposed at its Annual General Meeting on September 2, 2025, were passed with significant support. The resolutions included the re-election of directors, reappointment of auditors, and authorizations related to share issuance and repurchase. This outcome reflects strong shareholder confidence and supports the company’s strategic initiatives, potentially enhancing its market position and operational capabilities.

The most recent analyst rating on (HK:0417) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Tse Sui Luen Jewellery (International) Ltd stock, see the HK:0417 Stock Forecast page.

Tse Sui Luen Jewellery Reports Unusual Share Movements

Tse Sui Luen Jewellery (International) Ltd announced unusual movements in its share price and trading volume. The company confirmed no known reasons for these changes and assured stakeholders that business operations and financial positions remain stable, with no changes in substantial shareholders’ interests.