SCE Intelligent Commercial Management Holdings Limited (HK:0606)
:0606
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SCE Intelligent Commercial Management Holdings Limited
(0606)
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Rating:66Neutral
Price Target:
HK$0.35
▲(28.15% Upside)
Action:ReiteratedDate:01/31/26
The score is driven primarily by mixed financial performance: a strong, low-leverage balance sheet supports stability, but sharply weaker margins and missing 2024 operating/free cash flow raise material execution and liquidity concerns. Technical indicators are constructive (price above key moving averages with positive MACD and RSI), but valuation is a notable headwind given the very high P/E and no dividend yield data.
Positive Factors
Balance sheet strength
Very low leverage and a high equity ratio give SCE durable financial flexibility to absorb cyclical shocks and fund operations or investments without relying on external debt. This stability supports continued service delivery and optionality for strategic spending over the medium term.
Negative Factors
Zero operating / free cash flow
The absence of operating and free cash flow in 2024 severely reduces internal funding for capex, working capital, dividends or acquisitions. Even with a strong balance sheet, persistent zero FCF would force reliance on external financing or equity, constraining strategic flexibility and capital allocation over time.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Very low leverage and a high equity ratio give SCE durable financial flexibility to absorb cyclical shocks and fund operations or investments without relying on external debt. This stability supports continued service delivery and optionality for strategic spending over the medium term.
Read all positive factors
SCE Intelligent Commercial Management Holdings Limited (0606) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$532.13M
Dividend YieldN/A
Average Volume (3M)217.51K
Price to Earnings (P/E)5.3
Beta (1Y)0.92
Revenue Growth-1.63%
EPS Growth1.57%
CountryHK
Employees4,893
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)0.01
Shares Outstanding1,935,000,000
10 Day Avg. Volume326,000
30 Day Avg. Volume217,508
Financial Highlights & Ratios
PEG Ratio-0.10
Price to Book (P/B)0.16
Price to Sales (P/S)0.37
P/FCF Ratio1.69
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)0.09
Revenue Forecast (FY)HK$1.44B
SCE Intelligent Commercial Management Holdings Limited Business Overview & Revenue Model
Company Description
SCE Intelligent Commercial Management Holdings Limited provides property management services for commercial and residential properties in the People's Republic of China. Its portfolio of commercial properties includes shopping malls and office bui...
How the Company Makes Money
The company generates revenue through a multi-faceted model that includes software licensing fees, subscription services for its cloud-based platforms, and consultancy fees for implementation and support. Key revenue streams consist of recurring i...
SCE Intelligent Commercial Management Holdings Limited Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
80
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.18B | 1.21B | 1.25B | 1.18B | 1.23B | 805.28M |
| Gross Profit | 327.81M | 354.91M | 409.74M | 429.96M | 580.87M | 356.58M |
| EBITDA | 48.02M | 66.88M | 223.87M | 298.85M | 395.71M | 228.74M |
| Net Income | 10.64M | 56.96M | 257.05M | 208.07M | 280.61M | 155.73M |
Balance Sheet | ||||||
| Total Assets | 3.54B | 3.51B | 3.40B | 3.18B | 3.06B | 1.12B |
| Cash, Cash Equivalents and Short-Term Investments | 1.20B | 1.30B | 1.16B | 1.23B | 2.90B | 503.94M |
| Total Debt | 573.00K | 5.42M | 665.00K | 665.00K | 61.04M | 0.00 |
| Total Liabilities | 768.96M | 778.52M | 719.89M | 596.98M | 616.23M | 579.97M |
| Stockholders Equity | 2.75B | 2.71B | 2.66B | 2.57B | 2.43B | 521.71M |
Cash Flow | ||||||
| Free Cash Flow | 259.08M | 261.97M | 197.61M | 96.50M | 435.05M | 293.38M |
| Operating Cash Flow | 281.09M | 277.12M | 215.41M | 109.00M | 462.51M | 301.98M |
| Investing Cash Flow | 449.87M | 519.85M | -84.09M | -2.62B | 398.41M | 554.88M |
| Financing Cash Flow | -3.15M | -2.79M | -192.87M | -139.98M | 1.57B | -426.41M |
SCE Intelligent Commercial Management Holdings Limited Technical Analysis
Negative
0.27
Price Trends
0.30
Negative
0.29
Negative
0.29
Negative
Market Momentum
>-0.01
Positive
32.90
Neutral
3.70
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0606, the sentiment is Negative. The current price of 0.27 is below the 20-day moving average (MA) of 0.30, below the 50-day MA of 0.30, and below the 200-day MA of 0.29, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 32.90 is Neutral, neither overbought nor oversold. The STOCH value of 3.70 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0606.
SCE Intelligent Commercial Management Holdings Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | HK$559.92M | -2.59 | 1.30% | 7.09% | 4.53% | 247.06% | |
66 Neutral | HK$532.13M | 5.28 | 2.08% | ― | -1.63% | 1.57% | |
66 Neutral | HK$833.00M | -25.47 | -4.93% | 4.14% | -3.01% | -178.00% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
54 Neutral | HK$210.61M | 5.65 | 4.23% | 6.60% | -9.97% | -46.38% | |
52 Neutral | HK$286.22M | -0.98 | -20.99% | ― | -54.06% | -967.44% | |
41 Neutral | HK$826.70M | -2.92 | -4.49% | ― | -49.07% | 94.91% |
* Real Estate Sector Average
HK:0606
SCE Intelligent Commercial Management Holdings Limited
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SCE Intelligent Commercial Management Holdings Limited Corporate Events
SCE Intelligent Commercial Management Redirects IPO Proceeds Toward Property and Project Company Acquisitions
Jan 29, 2026
SCE Intelligent Commercial Management Holdings Limited has clarified that the portion of its IPO net proceeds originally earmarked for strategic acquisitions and investments in other property management companies and service providers will instead...
SCE Intelligent Commercial Management Redirects Remaining IPO Funds to Strategic Project Investments
Dec 31, 2025
SCE Intelligent Commercial Management Holdings Limited has announced a further change in the allocation and timing of the use of its remaining net proceeds from its 2021 Hong Kong listing. Of the approximately HK$2,037.5 million originally raised,...
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.