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Kasen International Holdings Ltd. (HK:0496)
:0496
Hong Kong Market

Kasen International Holdings Ltd. (0496) AI Stock Analysis

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HK

Kasen International Holdings Ltd.

(0496)

Rating:64Neutral
Price Target:
HK$0.50
▲(56.25%Upside)
The overall stock score of 64 reflects a solid valuation due to a low P/E ratio, suggesting potential undervaluation. However, concerns about cash flow management and neutral technical indicators weigh on the stock's potential. Strong financial stability is a positive factor, but liquidity concerns must be addressed to support long-term growth.

Kasen International Holdings Ltd. (0496) vs. iShares MSCI Hong Kong ETF (EWH)

Kasen International Holdings Ltd. Business Overview & Revenue Model

Company DescriptionKasen International Holdings Ltd. (0496) is a Hong Kong-based investment holding company primarily engaged in the manufacturing and sale of upholstered furniture. The company operates through various segments, including the manufacturing and trading of furniture, property development, and the operation of tourist resorts. Kasen International Holdings Ltd. has a diverse portfolio of products and services, catering to both domestic and international markets.
How the Company Makes MoneyKasen International Holdings Ltd. generates revenue through multiple streams. The primary source of income is the manufacturing and sale of upholstered furniture, which is sold to various markets around the world. Additionally, the company is involved in property development, where it develops residential and commercial properties, generating sales and rental income. Furthermore, Kasen operates tourist resorts that contribute to its revenue through hospitality services. The company's earnings are bolstered by strategic partnerships and investments in joint ventures that enhance its market presence and operational capabilities. These diversified operations allow Kasen to capitalize on opportunities in different sectors, contributing to its overall profitability.

Kasen International Holdings Ltd. Financial Statement Overview

Summary
Kasen International Holdings Ltd. shows improved revenue and operational margins, with a stable balance sheet. However, declining net profit margins and the absence of cash flow data in 2024 raise concerns about liquidity and cash generation ability.
Income Statement
64
Positive
Kasen International Holdings Ltd. has shown a recovery in revenue with a growth rate of 7.20% from 2023 to 2024 after previous years of decline. Gross profit margin improved to 39.08% in 2024 from 36.54% in 2023, indicating better cost management. However, net profit margin decreased slightly from 7.36% to 6.19%, showing reduced efficiency in converting revenue to net income. The EBIT margin improved to 15.36% in 2024, reflecting better operational performance.
Balance Sheet
72
Positive
The company maintains a stable balance sheet with a debt-to-equity ratio of 0.23 in 2024, indicating moderate leverage. The equity ratio remains healthy at 60.45%, suggesting a strong capital structure. ROE decreased slightly to 1.67% in 2024 from 1.88% in 2023, highlighting a slight decline in profitability on equity.
Cash Flow
50
Neutral
The absence of operating cash flow and free cash flow in 2024 raises concerns about the company's cash generation ability. The free cash flow growth rate is not calculable due to the lack of data. These factors indicate potential liquidity issues and a need for improvement in cash flow management.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue1.03B956.76M863.43M1.51B1.26B
Gross Profit400.77M349.66M250.55M559.57M419.50M
EBITDA213.64M237.63M44.05M284.83M183.40M
Net Income63.53M70.43M68.28M220.04M114.97M
Balance Sheet
Total Assets6.29B5.98B5.82B5.97B6.28B
Cash, Cash Equivalents and Short-Term Investments301.69M567.54M460.31M279.57M324.03M
Total Debt866.90M759.21M821.52M846.68M939.92M
Total Liabilities2.26B2.17B2.11B2.32B2.84B
Stockholders Equity3.80B3.75B3.68B3.62B3.40B
Cash Flow
Free Cash Flow-134.30M224.35M37.46M-31.68M56.32M
Operating Cash Flow35.27M273.13M45.47M84.05M163.87M
Investing Cash Flow-113.74M38.67M269.83M41.61M1.98M
Financing Cash Flow-186.41M-205.75M-125.77M-146.50M-104.24M

Kasen International Holdings Ltd. Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.32
Price Trends
50DMA
0.33
Negative
100DMA
0.36
Negative
200DMA
0.34
Negative
Market Momentum
MACD
<0.01
Negative
RSI
47.92
Neutral
STOCH
60.61
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0496, the sentiment is Negative. The current price of 0.32 is below the 20-day moving average (MA) of 0.32, below the 50-day MA of 0.33, and below the 200-day MA of 0.34, indicating a bearish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 47.92 is Neutral, neither overbought nor oversold. The STOCH value of 60.61 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0496.

Kasen International Holdings Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (53)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
64
Neutral
HK$587.69M6.711.68%5.63%-11.50%
53
Neutral
$1.21B3.28-0.13%7.06%-1.64%-127.47%
44
Neutral
HK$664.19M-10.79%-27.84%-298.63%
44
Neutral
HK$501.60M-24.64%18.65%-55.50%-320.37%
40
Neutral
HK$447.81M
-55.88%-10.72%
20
Underperform
HK$466.20M-25.88%24.01%-103.87%
* Real Estate Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:0496
Kasen International Holdings Ltd.
0.32
0.08
33.33%
HK:0846
Mingfa Group (International) Co. Ltd.
0.11
-0.14
-56.00%
HK:3688
Top Spring International Holdings Limited
0.33
-0.03
-8.33%
HK:1628
Yuzhou Group Holdings Co., Ltd.
0.05
>-0.01
-16.67%
HK:1243
Wang On Properties Ltd.
0.03
-0.01
-25.00%

Kasen International Holdings Ltd. Corporate Events

Kasen International Announces Property Disposal Agreement
Jun 18, 2025

Kasen International Holdings Ltd. announced a property transfer agreement where its subsidiary, Haining Hengsen, will sell a parcel of land, including buildings and equipment, to Huafeng for RMB56,069,142. The transaction is classified as a discloseable transaction under Hong Kong’s listing rules, requiring notification and announcement. This disposal is part of the company’s strategic realignment, potentially impacting its operational focus and resource allocation.

Kasen International Holdings Ltd. Forms Nomination Committee to Strengthen Governance
Jun 3, 2025

Kasen International Holdings Ltd. has announced the establishment of a nomination committee by its board, which will be primarily composed of independent non-executive directors. The committee is tasked with reviewing the structure, size, and composition of the board, and ensuring the board has the necessary skills and knowledge. This move is aimed at enhancing corporate governance and ensuring effective oversight and strategic direction for the company. The nomination committee will meet at least once a year and has been granted the authority to request information from employees and seek independent professional advice as needed.

Kasen International Finalizes Convertible Bonds Conversion, Altering Shareholding Structure
Jun 2, 2025

Kasen International Holdings Ltd. has completed the proposed conversion of its convertible bonds, resulting in the issuance of 393,399,471 conversion shares to Joyview. This transaction has increased Joyview’s shareholding from approximately 39.36% to 52.35% of the company’s issued share capital, solidifying its position as a controlling shareholder. The completion of this conversion marks a significant shift in the company’s shareholding structure, with implications for its market positioning and stakeholder interests.

Kasen International Holdings Ltd. AGM Resolutions Unanimously Approved
May 30, 2025

Kasen International Holdings Ltd. announced that all ordinary resolutions proposed at their Annual General Meeting on May 30, 2025, were passed unanimously by shareholders. The resolutions included financial statement adoption, director re-elections, auditor re-appointment, and the approval of general mandates for share issuance and buybacks. The successful passing of these resolutions indicates strong shareholder support and positions the company for continued strategic operations and governance.

Kasen International Approves Bond Conversion and Whitewash Waiver at EGM
May 30, 2025

Kasen International Holdings Ltd. announced the successful passing of all proposed resolutions at its Extraordinary General Meeting held on May 30, 2025. The key resolutions included the approval of the conversion of convertible bonds issued to Joyview Enterprises Limited and the granting of a Whitewash Waiver, allowing Joyview to convert bonds into shares without triggering a mandatory takeover offer. This development is significant for Kasen’s financial structuring and shareholder equity, potentially impacting its market positioning and stakeholder interests.

Kasen International Announces Whitewash Circular Dispatch and EGM Details
May 15, 2025

Kasen International Holdings Limited, a company incorporated in the Cayman Islands, has announced the dispatch of a circular related to the proposed conversion of convertible bonds and an application for a whitewash waiver. This circular includes details about the proposed conversion, advice from the Independent Board Committee and Financial Adviser, and a notice of an Extraordinary General Meeting (EGM) scheduled for May 30, 2025. The approval of the whitewash waiver by the Executive and Independent Shareholders is crucial for the conversion of the bonds, and shareholders are advised to exercise caution when dealing with the company’s securities.

Kasen International Holdings Announces EGM for Convertible Bonds and Whitewash Waiver
May 14, 2025

Kasen International Holdings Limited has announced an Extraordinary General Meeting (EGM) to be held on May 30, 2025, in Haining City, Zhejiang Province, China. The meeting will address the approval of the proposed conversion of convertible bonds into company shares and a special resolution regarding a Whitewash Waiver, which would exempt Joyview Enterprises Limited from making a mandatory offer for all issued shares. This move is significant for the company’s financial structuring and could impact its market dynamics and stakeholder interests.

Kasen International Announces EGM for Convertible Bonds Conversion
May 13, 2025

Kasen International Holdings Ltd. has announced an extraordinary general meeting (EGM) scheduled for May 30, 2025, to discuss and potentially approve the Proposed Conversion of Convertible Bonds and a Whitewash Waiver. The meeting will determine shareholder eligibility for voting, with a book closure period set from May 27 to May 30, 2025. This meeting is significant as it could impact the company’s financial structure and shareholder dynamics.

Kasen International Announces Delay in Whitewash Circular Dispatch
Apr 28, 2025

Kasen International Holdings Ltd. announced a further delay in the dispatch of its Whitewash Circular, initially set for April 30, 2025, now extended to no later than May 19, 2025. This delay is due to the need for additional time to finalize important information, including property valuation reports and financial advisories, impacting the company’s operations and requiring shareholder and executive approval for the Whitewash Waiver.

Kasen International Holdings Announces 2025 AGM Details
Apr 28, 2025

Kasen International Holdings Ltd. has announced the details of its upcoming Annual General Meeting scheduled for May 30, 2025, in Haining, Zhejiang Province, China. Key agenda items include the adoption of the 2024 financial statements, re-election of directors, and authorization of directors’ remuneration. Additionally, the company will seek approval to allot and issue additional shares, which could impact its capital structure and shareholder value.

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: Jul 05, 2025