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

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HK:0496

Kasen International Holdings Ltd.

(0496)

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Neutral 49 (OpenAI - 5.2)
Rating:49Neutral
Price Target:
HK$0.19
▼(-54.29% Downside)
Action:Reiterated
Date:07/09/26
The score is held back mainly by deteriorating cash flow (negative free cash flow in 2024–2025) and a clearly bearish technical setup (price below all key moving averages with negative MACD and very low RSI). A relatively conservative balance sheet and a moderate P/E provide partial support, but not enough to offset weak momentum and recent cash conversion issues.
Positive Factors
Conservative balance sheet & manageable leverage
The group's moderate leverage (~0.26x debt/equity) and a sizable, stable equity base reduce refinancing and solvency risk. That conservative positioning provides financial flexibility to absorb shocks or opportunistically fund projects without immediate distress over the next 2–6 months.
Negative Factors
Materially negative free cash flow
Large negative free cash flow means cash outflows for investments or working-capital needs far exceed operating inflows. If sustained, this will constrain capex, dividend capacity and strategic flexibility, and likely require external financing or asset sales within months.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet & manageable leverage
The group's moderate leverage (~0.26x debt/equity) and a sizable, stable equity base reduce refinancing and solvency risk. That conservative positioning provides financial flexibility to absorb shocks or opportunistically fund projects without immediate distress over the next 2–6 months.
Read all positive factors

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

Kasen International Holdings Ltd. Business Overview & Revenue Model

Company Description
Kasen International Holdings Limited functions as an investment holding company, primarily engaged in the worldwide manufacturing and distribution of upholstered furniture. Its operational footprint covers the United States, Europe, the People's R...
How the Company Makes Money
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Kasen International Holdings Ltd. Financial Statement Overview

Summary
Overall fundamentals are mixed: the balance sheet is relatively solid with moderate leverage (debt ~0.26x equity), but operating performance has weakened (revenue -2.4% in 2025, net margin down to ~3.1% from ~6.2% in 2024) and cash flow quality is the key risk with materially negative free cash flow in 2024–2025.
Income Statement
58
Neutral
Balance Sheet
74
Positive
Cash Flow
38
Negative
BreakdownDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue1.11B1.03B956.76M863.43M1.51B
Gross Profit411.26M400.77M349.66M250.55M559.57M
EBITDA159.26M213.64M237.63M44.05M284.83M
Net Income34.77M63.53M70.43M68.28M220.04M
Balance Sheet
Total Assets6.76B6.29B5.98B5.82B5.97B
Cash, Cash Equivalents and Short-Term Investments293.30M301.69M567.54M460.31M279.57M
Total Debt1.03B866.90M759.21M821.52M846.68M
Total Liabilities2.53B2.26B2.17B2.11B2.32B
Stockholders Equity3.97B3.80B3.75B3.68B3.62B
Cash Flow
Free Cash Flow-312.13M-134.30M224.35M37.46M-31.68M
Operating Cash Flow58.36M35.27M273.13M45.47M84.05M
Investing Cash Flow-268.59M-113.74M38.67M269.83M41.61M
Financing Cash Flow206.20M-186.41M-205.75M-125.77M-146.50M

Kasen International Holdings Ltd. Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.42
Price Trends
50DMA
0.27
Negative
100DMA
0.30
Negative
200DMA
0.36
Negative
Market Momentum
MACD
-0.02
Negative
RSI
19.18
Positive
STOCH
57.34
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 0.42 is above the 20-day moving average (MA) of 0.21, above the 50-day MA of 0.27, and above the 200-day MA of 0.36, indicating a bearish trend. The MACD of -0.02 indicates Negative momentum. The RSI at 19.18 is Positive, neither overbought nor oversold. The STOCH value of 57.34 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 (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$18.38B12.79-2.54%3.03%1.52%-15.83%
51
Neutral
HK$501.60M-0.55-44.38%11.33%6.38%
49
Neutral
HK$348.94M7.590.87%8.39%-50.94%
41
Neutral
HK$382.22M-0.18-13.99%-62.05%-47.92%
41
Neutral
HK$469.20M-0.32-12.55%-37.93%31.14%
40
Underperform
HK$353.18M-0.13-35.32%-2.03%-59.52%
39
Underperform
HK$358.73M-0.09-55.49%-38.93%59.60%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:0496
Kasen International Holdings Ltd.
0.19
-0.22
-54.22%
HK:1813
KWG Group Holdings
0.11
-0.25
-70.42%
HK:2329
Guorui Properties Ltd
0.09
-0.09
-52.22%
HK:1243
Wang On Properties Ltd.
0.03
0.00
0.00%
HK:3688
Top Spring International Holdings Limited
0.25
-0.15
-37.50%
HK:0846
Mingfa Group (International) Co. Ltd.
0.08
-0.08
-51.88%

Kasen International Holdings Ltd. Corporate Events

Kasen Shareholders Approve All AGM Resolutions and New Articles of Association
May 29, 2026
Kasen International Holdings Ltd., a Cayman Islands-incorporated company listed on the Hong Kong Stock Exchange, oversees its diversified operations through subsidiaries and a board comprising executive and independent non-executive directors. The...
Kasen Sets 2026 AGM, Seeks Renewal of 20% Share Issue Mandate
Apr 27, 2026
Kasen International Holdings has convened its 2026 annual general meeting for May 29 in Haining, Zhejiang Province, where shareholders will review the group’s audited consolidated financial statements and board and auditor reports for the ye...
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 09, 2026