Tradelink Electronic Commerce Limited (HK:0536)
:0536
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Tradelink Electronic Commerce Limited
(0536)
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Rating:82Outperform
Price Target:
HK$1.50
▲(44.23% Upside)
Action:Reiterated
Date:04/28/26
The score is driven primarily by strong financial quality (high margins and very low leverage) and supportive valuation (low P/E and high dividend yield). Technicals are moderately positive but not strongly momentum-driven, which keeps the overall rating from moving higher.
Positive Factors
High profit margins
Sustained high gross and net margins show durable pricing power in Tradelink's niche B2G/B2B e-commerce services. Strong margins support cash generation and reinvestment, enable consistent dividend capacity, and provide a structural buffer versus competition and economic variability.
Negative Factors
Choppy revenue trends
Irregular revenue growth reduces long-term predictability and complicates strategic capacity and investment planning. Reliance on timing of mandates or large contracts can create lumpy top-line performance, limiting visibility into sustainable growth despite strong margins.
Read all positive and negative factors
Positive Factors
Negative Factors
High profit margins
Sustained high gross and net margins show durable pricing power in Tradelink's niche B2G/B2B e-commerce services. Strong margins support cash generation and reinvestment, enable consistent dividend capacity, and provide a structural buffer versus competition and economic variability.
Read all positive factors
Tradelink Electronic Commerce Limited (0536) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$947.31M
Dividend Yield9.81%
Average Volume (3M)674.60K
Price to Earnings (P/E)4.9
Beta (1Y)0.18
Revenue Growth2.06%
EPS Growth2.52%
CountryHK
Employees223
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)0.10
Shares Outstanding796,058,700
10 Day Avg. Volume723,400
30 Day Avg. Volume674,600
Financial Highlights & Ratios
PEG Ratio0.98
Price to Book (P/B)2.16
Price to Sales (P/S)3.27
P/FCF Ratio12.54
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
Tradelink Electronic Commerce Limited Business Overview & Revenue Model
Company Description
Tradelink Electronic Commerce Limited, together with its subsidiaries, provides government electronic trading services (GETS) for processing official trade-related documents in Hong Kong. It operates through three segments: E-commerce, Identity Ma...
How the Company Makes Money
Tradelink makes money primarily by charging organizations for access to and usage of its electronic commerce platforms and related services. Key revenue streams typically include: (1) transaction- or usage-based fees generated when customers submi...
Tradelink Electronic Commerce Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
92
Very Positive
Cash Flow
70
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 252.73M | 247.63M | 266.61M | 258.81M | 273.82M |
| Gross Profit | 111.64M | 107.07M | 112.62M | 113.56M | 120.24M |
| EBITDA | 84.16M | 81.09M | 119.27M | 88.57M | 99.47M |
| Net Income | 84.03M | 81.96M | 100.64M | 52.33M | 73.65M |
Balance Sheet | |||||
| Total Assets | 538.65M | 536.14M | 545.58M | 532.56M | 564.53M |
| Cash, Cash Equivalents and Short-Term Investments | 456.70M | 453.05M | 444.70M | 436.52M | 440.57M |
| Total Debt | 866.00K | 1.51M | 1.47M | 884.00K | 1.20M |
| Total Liabilities | 156.00M | 157.34M | 169.38M | 168.15M | 185.90M |
| Stockholders Equity | 382.65M | 378.80M | 376.20M | 364.41M | 378.63M |
Cash Flow | |||||
| Free Cash Flow | 65.93M | 68.77M | 72.09M | 61.23M | 99.20M |
| Operating Cash Flow | 73.07M | 78.22M | 85.75M | 66.94M | 107.16M |
| Investing Cash Flow | -56.07M | -197.59M | -86.35M | 205.84M | 42.05M |
| Financing Cash Flow | -81.44M | -80.68M | -89.61M | -67.04M | -81.12M |
Tradelink Electronic Commerce Limited Technical Analysis
Positive
1.04
Price Trends
1.13
Positive
1.10
Positive
1.05
Positive
Market Momentum
0.02
Negative
63.94
Neutral
57.50
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0536, the sentiment is Positive. The current price of 1.04 is below the 20-day moving average (MA) of 1.17, below the 50-day MA of 1.13, and below the 200-day MA of 1.05, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 63.94 is Neutral, neither overbought nor oversold. The STOCH value of 57.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0536.
Tradelink Electronic Commerce Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | HK$947.31M | 4.89 | 23.35% | 9.81% | 2.06% | 2.52% | |
64 Neutral | HK$3.64B | 24.36 | -8.12% | ― | 3.16% | ― | |
62 Neutral | HK$1.76B | 28.22 | 8.53% | ― | 14.29% | 142.01% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
56 Neutral | HK$28.13B | 452.18 | 1.71% | ― | 12.11% | ― | |
44 Neutral | HK$4.26B | -421.50 | -1.00% | ― | 10.59% | 98.05% | |
42 Neutral | HK$5.70B | -27.23 | -66.11% | ― | 18.94% | 89.36% |
* Technology Sector Average
HK:0536
Tradelink Electronic Commerce Limited
1.19
0.30
34.01%
HK:8083
China Youzan
0.11
0.02
20.65%
HK:0268
Kingdee International Software Group Co
7.94
-4.88
-38.07%
HK:2013
Weimob
1.39
-0.48
-25.67%
HK:1588
Chanjet Information Technology Co., Ltd. Class H
5.40
-0.81
-13.07%
HK:6657
Baiwang Co., Ltd. Class H
11.80
-24.00
-67.04%
Tradelink Electronic Commerce Limited Corporate Events
Tradelink Posts Higher 2025 Earnings and Lifts Final Dividend
Mar 24, 2026
Tradelink Electronic Commerce Limited reported steady growth for the year ended 31 December 2025, with revenue rising to HK$252.7 million from HK$247.6 million a year earlier and profit attributable to shareholders edging up to HK$84.0 million fro...
Tradelink Proposes Final HKD 0.065 Dividend for 2025 Financial Year
Mar 24, 2026
Tradelink Electronic Commerce Limited has proposed a final ordinary cash dividend of HKD 0.065 per share for the financial year ended 31 December 2025, underscoring its commitment to returning value to shareholders. The dividend, subject to approv...
Tradelink to Modernise Articles to Enable Hybrid and Virtual Shareholder Meetings
Mar 24, 2026
Tradelink Electronic Commerce Limited plans to overhaul its Articles of Association to align with recent changes to Hong Kong listing regulations governing the conduct of general meetings. The revisions will be put to shareholders for approval at ...
Tradelink Schedules March 2026 Board Meeting to Approve 2025 Results and Consider Dividend
Mar 10, 2026
Tradelink Electronic Commerce Limited has scheduled a board meeting for 24 March 2026 to review and approve the audited final results for the financial year ended 31 December 2025. The board will also consider the declaration of a final dividend, ...
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.