Bonjour Holdings (0653) AI Stock Analysis

• Market Cap: HK$129.38M
• Dividend Yield: N/A
• Average Volume (3M): 7.29M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.04
• Revenue Growth: 12.94%
• EPS Growth: -62.14%
• Country: HK
• Employees: 78
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Specialty Retail
• EPS (TTM): N/A
• Shares Outstanding: 1,680,306,600
• 10 Day Avg. Volume: 5,553,304
• 30 Day Avg. Volume: 7,288,752
• PEG Ratio: <0.01
• Price to Book (P/B): 2.75
• Price to Sales (P/S): 5.08
• P/FCF Ratio: -6.31
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 37 Underperform
• Price Target: HK$0.00 ▼(-100.00% Downside)

Bonjour Holdings' overall stock score is significantly impacted by its poor financial performance, characterized by declining revenues, negative profitability, and high leverage. Technical analysis further indicates a bearish trend, with the stock trading below key moving averages and negative momentum indicators. The valuation is weak due to a negative P/E ratio and lack of dividend yield, making the stock unattractive to investors.

Bonjour Holdings Business Overview & Revenue Model

Company Description

Bonjour Holdings Limited, an investment holding company, engages in the retail and wholesale of beauty and health-care products in Hong Kong, Macau, and the Mainland China. The company offers skin, health food, and hair and body care products; and cosmetics and fragrance products, as well as lifestyle products and snacks from Japan, Korea, and Taiwan to cater to customers' various needs. As of December 31, 2020, it operated 24 retail stores in Hong Kong and Macau. The company also sells its products online. In addition, it is involved in the property holding activities. The company was founded in 1991 and is headquartered in Tsuen Wan, Hong Kong.

How the Company Makes Money

Bonjour Holdings makes money primarily through the retail and wholesale distribution of beauty and healthcare products. The company's core revenue streams include sales from its extensive network of retail stores, which are strategically located in high-traffic areas to attract both local and tourist customers. Additionally, Bonjour Holdings leverages e-commerce platforms to reach a broader audience, enhancing its revenue through online sales. The company may also engage in partnerships with popular beauty brands to expand its product offerings and attract a diverse customer base. These partnerships, along with strategic marketing and promotions, contribute significantly to its earnings.

Bonjour Holdings Financial Statement Overview

Summary

Bonjour Holdings faces significant financial challenges, characterized by declining revenues, profitability issues, and high leverage. The company's inability to generate positive cash flows from operations suggests liquidity risks, while high debt levels increase financial vulnerability. Despite some asset stability, the overall financial health is concerning, necessitating strategic changes for improvement.

Income Statement

Bonjour Holdings has experienced significant revenue volatility, with a notable decline from 2019 to 2024. The most recent annual report shows a sharp drop in revenue and a negative net income, indicating challenges in profitability. The EBIT and EBITDA margins are negative, reflecting operational inefficiencies. Despite a recovery in revenue between 2022 and 2023, the overall trend has been negative, impacting financial stability.

Balance Sheet

The company's balance sheet shows high leverage, with a debt-to-equity ratio indicating substantial reliance on debt financing. Stockholders' equity has fluctuated, and the most recent year shows a lower equity base due to accumulated losses. However, the company has managed to maintain a positive equity ratio, suggesting some stability in asset financing. The high level of liabilities relative to assets poses a risk to long-term financial health.

Cash Flow

Cash flow analysis reveals consistent negative operating cash flows, indicating challenges in generating cash from core operations. Free cash flow has been negative, impacted by negative operating cash flows, undermining the ability to invest without additional financing. The cash flow to net income ratios reflect inefficiencies in translating income into cash, highlighting liquidity constraints.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	80.55M	950.27M	185.66M	626.99M	538.79M
Gross Profit	32.80M	63.05M	33.75M	49.96M	173.09M
EBITDA	-54.32M	66.86M	226.73M	-102.81M	-22.91M
Net Income	-134.37M	53.97M	167.22M	-216.74M	-255.73M
Balance Sheet
Total Assets	421.69M	504.11M	505.41M	711.42M	1.03B
Cash, Cash Equivalents and Short-Term Investments	6.45M	16.11M	41.95M	41.95M	20.29M
Total Debt	207.92M	116.51M	138.29M	512.27M	639.32M
Total Liabilities	273.04M	221.87M	350.02M	701.13M	859.00M
Stockholders Equity	148.65M	282.24M	155.39M	2.79M	172.17M
Cash Flow
Free Cash Flow	-64.79M	-58.97M	-130.97M	-108.42M	30.30M
Operating Cash Flow	-64.79M	-58.95M	-126.01M	-108.42M	49.83M
Investing Cash Flow	-1.49M	6.73M	459.99M	144.48M	1.36M
Financing Cash Flow	56.62M	50.40M	-358.00M	-10.13M	-133.28M

Bonjour Holdings Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.08
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0653, the sentiment is Neutral. The current price of 0.08 is above the 20-day moving average (MA) of 0.07, below the 50-day MA of 0.09, and below the 200-day MA of 0.10, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 47.70 is Neutral, neither overbought nor oversold. The STOCH value of 80.96 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:0653.

Bonjour Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2101	62 Neutral	HK$604.79M	40.66	1.04%	―	-36.58%	-84.25%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
0178	56 Neutral	HK$1.92B	25.00	6.39%	3.95%	-9.75%	-64.87%
1939	54 Neutral	HK$4.18B	―	-8.52%	―	7.26%	27.70%
1280	41 Neutral	HK$8.12B	―	―	―	27.68%	-973.10%
0653	37 Underperform	HK$129.38M	―	―	―	12.94%	-62.14%

Bonjour Holdings Corporate Events

Bonjour Holdings Revises Rights Issue Timetable Due to Weather

Bonjour Holdings Limited has announced a revised timetable for its Rights Issue due to a tropical cyclone warning that affected the initial schedule. The acceptance and payment deadline for Rights Shares has been moved to September 9, 2025, with the Rights Issue expected to become unconditional on September 10, 2025. The announcement outlines the new timeline for related events, ensuring stakeholders are informed of the updated schedule.

Bonjour Holdings EGM Resolutions Approved with Overwhelming Support

Bonjour Holdings Limited announced that all resolutions proposed at its Extraordinary General Meeting (EGM) on August 12, 2025, were approved by the independent shareholders. The resolutions included a Rights Issue, a Placing Agreement, a Possible Subscription, and a Set-off Arrangement, each receiving overwhelming support with over 99.9996% of votes in favor. This approval is expected to impact the company’s financial strategy and shareholder value positively.

Bonjour Holdings Announces Rights Issue and Placing Agreement

Bonjour Holdings Limited has announced an extraordinary general meeting to discuss several key resolutions, including a rights issue and a placing agreement. The rights issue aims to issue over 1.3 billion shares at HK$0.080 per share, while the placing agreement involves the sale of unsubscribed shares through MoneyMore Securities Limited. These measures are designed to maintain shareholder interest and financial stability, with significant implications for the company’s market positioning and shareholder structure.

Bonjour Holdings Announces Delay in Rights Issue Circular Dispatch

Bonjour Holdings Limited has announced a further delay in the dispatch of its Circular related to a proposed Rights Issue, Placing of New Shares, and Connected Transactions. This delay has led to a revision of the expected timetable for these activities, impacting the timeline for shareholders’ meetings and the processing of share entitlements. The company is taking additional time to finalize the necessary information, which may affect stakeholders’ planning and decision-making processes.

Bonjour Holdings Announces Delay in Circular Dispatch and Revised Timetable

Bonjour Holdings Limited announced a further delay in the dispatch of its circular related to a proposed rights issue, placing of new shares, and connected transactions. The delay necessitates a revised timetable for these activities, impacting the company’s financial strategy and shareholder engagement. The new expected dispatch date for the circular is on or before July 4, 2025, with subsequent adjustments to key dates for shareholder meetings and rights issue entitlements.

Bonjour Holdings Announces Delay in Circular Dispatch and Revised Timetable

Bonjour Holdings Limited has announced a further delay in the dispatch of its circular concerning the proposed rights issue, placing of new shares, and connected transactions. The delay is due to the additional time required to finalize the circular’s contents, leading to a revised timetable for these financial activities. This postponement may impact the company’s stakeholders by altering the expected timeline for shareholder meetings and rights issue proceedings.