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Legend Upstar Holdings Limited (HK:0459)
:0459
Hong Kong Market

Legend Upstar Holdings Limited (0459) AI Stock Analysis

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HK:0459

Legend Upstar Holdings Limited

(0459)

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Neutral 48 (OpenAI - 4o)
Rating:48Neutral
Price Target:
HK$0.12
▲(0.00% Upside)
The overall stock score is primarily impacted by the company's poor financial performance, with declining revenues and negative profitability. While technical analysis shows some positive momentum, the negative valuation metrics and lack of earnings call data or corporate events further weigh down the score.
Positive Factors
Diversified Revenue Streams
The company's diversified revenue streams, including software sales and telecom services, provide resilience against sector-specific downturns and support long-term growth.
Strategic Partnerships
Strategic partnerships can enhance service offerings and market reach, providing a competitive edge and potential for capturing new market opportunities.
Stable Balance Sheet
A stable balance sheet with a positive equity ratio indicates financial resilience, providing a foundation for future investments and growth initiatives.
Negative Factors
Declining Revenue
Declining revenue reflects challenges in market demand or competitiveness, potentially impacting the company's ability to invest in growth and innovation.
Negative Profitability
Negative profitability and declining EBIT margin suggest operational inefficiencies, which may hinder the company's long-term financial health and growth potential.
Inconsistent Cash Flows
Inconsistent cash flows indicate challenges in sustaining operations and meeting financial commitments, potentially limiting strategic flexibility and growth investments.

Legend Upstar Holdings Limited (0459) vs. iShares MSCI Hong Kong ETF (EWH)

Legend Upstar Holdings Limited Business Overview & Revenue Model

Company DescriptionLegend Upstar Holdings Limited, an investment holding company, provides property agency services for commercial and industrial properties, and shops in Hong Kong. It is also involved in the property investment, securities investment, surveying, and money lending activities; credit business; operation of serviced apartments; and provision of treasury and management services. The company was formerly known as Midland IC&I Limited and changed its name to Legend Upstar Holdings Limited in July 2022. Legend Upstar Holdings Limited was incorporated in 2001 is headquartered in Central, Hong Kong.
How the Company Makes MoneyLegend Upstar Holdings Limited generates revenue through multiple streams, primarily by offering technology solutions and telecommunications services to businesses and consumers. Key revenue streams include sales of proprietary software products, fees for system integration services, and recurring revenue from telecommunications service subscriptions. The company may also benefit from strategic partnerships with other technology firms, which can enhance its service offerings and expand its market reach. Additionally, the company may explore opportunities in emerging markets and sectors, leveraging its technology to capture new revenue opportunities.

Legend Upstar Holdings Limited Financial Statement Overview

Summary
Legend Upstar Holdings Limited faces significant financial headwinds, characterized by declining revenues, negative profitability, and inconsistent cash flows. While the balance sheet retains some stability, the company must address its operational inefficiencies and cash generation issues to improve its financial standing and support future growth.
Income Statement
Legend Upstar Holdings Limited has experienced declining revenue over the past few years, with a negative revenue growth rate from 2021 to 2024. The net profit margin is negative, indicating consistent losses, and the EBIT margin has also declined, showing a decrease in operational efficiency. While the EBITDA margin is positive, the overall income statement reflects financial challenges and a need for turnaround strategies.
Balance Sheet
The company's balance sheet shows a relatively stable equity position with a positive equity ratio. However, the debt-to-equity ratio has increased slightly, suggesting a growing reliance on debt financing. Return on equity is negative due to ongoing losses. Overall, the balance sheet is moderately stable but indicates potential risk from increased leverage.
Cash Flow
Operating cash flow and free cash flow have been inconsistent, with recent periods showing zero or negative cash generation. The cash flow to net income ratios are not favorable, reflecting cash management challenges. These factors highlight the company's struggle to generate sufficient cash to cover its operational and financial commitments.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue395.86M356.86M397.07M450.08M541.32M342.68M
Gross Profit395.86M356.86M397.44M450.08M541.32M342.68M
EBITDA49.47M51.26M59.01M40.66M97.07M36.89M
Net Income-68.89M-26.04M-733.00K-3.69M49.84M-7.28M
Balance Sheet
Total Assets1.54B1.64B1.69B1.82B1.79B1.61B
Cash, Cash Equivalents and Short-Term Investments209.95M286.00M219.18M212.78M288.16M495.55M
Total Debt247.54M384.10M409.08M489.32M453.92M355.71M
Total Liabilities461.72M524.46M551.97M679.40M655.41M519.81M
Stockholders Equity1.07B1.11B1.13B1.13B1.13B1.08B
Cash Flow
Free Cash Flow170.19M91.82M57.24M-8.28M-132.88M-16.45M
Operating Cash Flow179.46M96.01M61.19M163.00K-101.69M-15.57M
Investing Cash Flow-12.19M3.18M35.07M-70.07M-155.16M-15.27M
Financing Cash Flow-162.17M-32.37M-89.86M-3.14M64.36M-34.60M

Legend Upstar Holdings Limited Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.12
Price Trends
50DMA
0.09
Positive
100DMA
0.09
Positive
200DMA
0.08
Positive
Market Momentum
MACD
<0.01
Positive
RSI
86.17
Negative
STOCH
38.89
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0459, the sentiment is Positive. The current price of 0.12 is above the 20-day moving average (MA) of 0.12, above the 50-day MA of 0.09, and above the 200-day MA of 0.08, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 86.17 is Negative, neither overbought nor oversold. The STOCH value of 38.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0459.

Legend Upstar Holdings Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
65
Neutral
$2.17B12.193.79%4.94%3.15%1.96%
64
Neutral
HK$169.94M6.472.41%6.08%-2.44%37.79%
54
Neutral
HK$613.01M-2.38-5.14%66.69%88.69%
53
Neutral
HK$163.20M-1.85-8.59%3.43%-4.92%-199.32%
49
Neutral
HK$81.34M-1.40-30.16%12.37%25.67%
48
Neutral
HK$216.63M-3.12-6.21%-11.96%-695.83%
45
Neutral
HK$98.64M-1.48-4.91%30.19%72.49%
* Real Estate Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:0459
Legend Upstar Holdings Limited
0.12
0.04
58.67%
HK:1417
Riverine China Holdings Limited
0.21
<0.01
2.50%
HK:0183
Winfull Group Holdings Limited
0.17
0.02
16.78%
HK:0287
Winfair Investment Co., Ltd.
4.08
0.93
29.52%
HK:3699
Everbright Grand China Assets Ltd.
0.38
0.07
22.58%
HK:0616
Eminence Enterprise Limited
0.35
0.26
288.89%

Legend Upstar Holdings Limited Corporate Events

Legend Upstar Delays Despatch of Privatisation Scheme Document to Late January
Dec 30, 2025

Legend Upstar Holdings Limited and Wealth Builder Holdings Limited have announced a delay in sending shareholders the scheme document for a proposed privatisation of Legend Upstar via a scheme of arrangement under Cayman Islands law, extending the deadline from 30 December 2025 to 29 January 2026 with the consent of the Takeovers Executive. The postponement stems from the need to accommodate the Grand Court’s schedule for a directions hearing required before convening the court meeting, and the companies caution shareholders that the privatisation remains subject to various conditions and may not proceed, urging investors to exercise care when trading the company’s securities while awaiting a detailed timetable in the forthcoming scheme document.

The most recent analyst rating on (HK:0459) stock is a Hold with a HK$0.12 price target. To see the full list of analyst forecasts on Legend Upstar Holdings Limited stock, see the HK:0459 Stock Forecast page.

Legend Upstar Warns of Deeper 2025 Loss on Property Valuation Hit
Dec 30, 2025

Legend Upstar Holdings Limited has issued a profit warning, revealing that while its core operations in property agency, credit and property investment generated operating profit for the eleven months to 30 November 2025, a significant fair value loss of about HK$117 million on its investment properties will more than offset these gains. As a result, the group expects a deterioration in its full-year 2025 financial results versus the HK$26 million net loss recorded in 2024, and has cautioned shareholders and potential investors that this unaudited profit forecast has not yet been reviewed by its financial adviser or auditors but will be formally reported in the forthcoming scheme document related to the proposed privatisation of the company.

The most recent analyst rating on (HK:0459) stock is a Hold with a HK$0.12 price target. To see the full list of analyst forecasts on Legend Upstar Holdings Limited stock, see the HK:0459 Stock Forecast page.

Legend Upstar Subsidiary Grants HK$15 Million Secured Mortgage Loan
Dec 22, 2025

Legend Upstar Holdings Limited announced that its indirect wholly owned subsidiary Legend Credit has entered into a mortgage loan agreement to provide a HK$15 million loan at an effective annual interest rate of 9.5% for a 24‑month term. The loan, repayable with monthly interest payments and principal due at maturity, is secured by a first legal charge over a residential property and two car parking spaces in Tuen Mun valued at approximately HK$40 million, and allows for early repayment subject to an early repayment fee if made before the 12th instalment. As the loan size triggers the relevant percentage ratios under Hong Kong listing rules, the transaction is classified as a discloseable transaction, requiring reporting and announcement, underscoring the growing scale of Legend Upstar’s credit operations and the regulatory oversight of its mortgage financing activities.

The most recent analyst rating on (HK:0459) stock is a Hold with a HK$0.12 price target. To see the full list of analyst forecasts on Legend Upstar Holdings Limited stock, see the HK:0459 Stock Forecast page.

Legend Upstar Holdings Appoints Independent Adviser for Privatisation Proposal
Dec 17, 2025

Legend Upstar Holdings Limited has appointed Somerley Capital Limited as the independent financial adviser to assist its independent board committee in evaluating a proposed privatisation plan under a scheme of arrangement. This appointment underscores the company’s commitment to adherence to regulatory standards and transparency as it navigates this significant proposal, which remains conditional and could impact its shareholders and market positioning.

The most recent analyst rating on (HK:0459) stock is a Hold with a HK$0.12 price target. To see the full list of analyst forecasts on Legend Upstar Holdings Limited stock, see the HK:0459 Stock Forecast page.

Legend Upstar Holdings Announces Director Resignation Amid Privatization Plans
Dec 9, 2025

Legend Upstar Holdings Limited announced the resignation of Mr. SHA Pau, Eric, an Independent Non-Executive Director, due to retirement. His resignation will take effect following the effective date or lapse of a privatization scheme proposed by Wealth Builder Holdings Limited. The company is currently below the required minimum number of Independent Non-Executive Directors and aims to fill the vacancy within three months.

The most recent analyst rating on (HK:0459) stock is a Hold with a HK$0.07 price target. To see the full list of analyst forecasts on Legend Upstar Holdings Limited stock, see the HK:0459 Stock Forecast page.

Legend Upstar Holdings Limited Announces Privatization Proposal
Dec 9, 2025

Legend Upstar Holdings Limited, a company incorporated in the Cayman Islands, is undergoing a proposed privatization by Wealth Builder Holdings Limited through a scheme of arrangement under the Companies Act of the Cayman Islands. This move will result in the withdrawal of its shares from the Hong Kong Stock Exchange. The proposal, if approved, will see the cancellation of existing shares in exchange for a cash payment to shareholders, followed by the issuance of new shares to the Offeror, effectively taking the company private. The cancellation price is set at HK$0.133 per share and will not be adjusted, impacting trading activities and liquidity of the shares.

The most recent analyst rating on (HK:0459) stock is a Hold with a HK$0.07 price target. To see the full list of analyst forecasts on Legend Upstar Holdings Limited stock, see the HK:0459 Stock Forecast page.

Legend Upstar Holdings Announces HK$22 Million Mortgage Loan Agreement
Dec 3, 2025

Legend Upstar Holdings Limited, through its indirect wholly-owned subsidiary Legend Credit, has entered into a mortgage loan agreement to lend HK$22,000,000 to a borrower at an 11% interest rate for a 12-month term. This transaction is considered discloseable under Hong Kong’s Listing Rules due to its size, requiring public announcement and reporting. The loan is secured by a first legal charge over a residential property and car parking space in Pok Fu Lam, Hong Kong, valued at approximately HK$36,380,000.

The most recent analyst rating on (HK:0459) stock is a Hold with a HK$0.07 price target. To see the full list of analyst forecasts on Legend Upstar Holdings Limited stock, see the HK:0459 Stock Forecast page.

Legend Upstar Holdings Limited Announces HK$8.5 Million Mortgage Loan Agreement
Nov 7, 2025

Legend Upstar Holdings Limited, through its subsidiary Legend Credit, has entered into a mortgage loan agreement to lend HK$8,500,000 at a 10% annual interest rate for a 12-month term. This transaction is classified as a discloseable transaction under Hong Kong’s Listing Rules, indicating its significance in the company’s financial operations and its potential impact on stakeholders.

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.Date of analysis: Dec 11, 2025