Truly International Holdings (0732) AI Stock Analysis

• Market Cap: HK$3.61B
• Dividend Yield: 8.55%
• Average Volume (3M): 2.92M
• Price to Earnings (P/E): 12.2
• Beta (1Y): 0.97
• Revenue Growth: 14.45%
• EPS Growth: 15.04%
• Country: HK
• Employees: 14,840
• Sector: Technology
• Sector Strength: 92
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 0.04
• Shares Outstanding: 3,088,145,500
• 10 Day Avg. Volume: 2,558,199
• 30 Day Avg. Volume: 2,923,910
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: HK$1.02
• Price Target Upside: -10.49% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 62 Neutral
• Price Target: HK$1.00 ▼(-12.28% Downside)

The overall stock score for Truly International Holdings is driven primarily by its financial performance and valuation. The financials show resilience in cash flow but highlight revenue and profitability challenges. The valuation is attractive due to a low P/E ratio and high dividend yield, providing potential investment appeal. Technical analysis presents mixed signals, with bullish trends tempered by overbought conditions.

Truly International Holdings Business Overview & Revenue Model

Company Description

Truly International Holdings Limited (0732) is a Hong Kong-based investment holding company primarily engaged in the manufacture and sale of display products. The company operates through several segments, including the manufacture and sale of liquid crystal display (LCD) products, touch panel products, electronic consumer products, and the trading of related components. Truly International Holdings serves clients across various industries, including telecommunications, consumer electronics, automotive, and industrial sectors.

How the Company Makes Money

Truly International Holdings makes money through the production and sale of various display and electronic products. Its key revenue streams include the sale of LCDs and touch panel products to manufacturers of mobile phones, automotive displays, and other electronic devices. The company also generates revenue from the trading of electronic components and modules. Truly International Holdings benefits from partnerships with leading technology firms and maintains a diversified client base globally, which helps stabilize its revenue against market fluctuations. Additionally, the company's focus on innovation and development of advanced display technologies contributes to its competitive edge and revenue growth.

Truly International Holdings Financial Statement Overview

Summary

Truly International Holdings exhibits mixed financial health. The income statement shows declining revenue and profitability challenges, albeit with stable EBITDA margins. The balance sheet reflects moderate leverage and financial stability, but declining equity poses a potential risk. The cash flow statement is a strong point, with substantial operating and free cash flow growth, providing a cushion for the company's financial operations.

Income Statement

Truly International Holdings shows a concerning trend with declining revenues over the past years, dropping from 22.5 billion to 17.8 billion between 2019 and 2024. Although there was a small revenue increase from 2023 to 2024, the net profit margin remains low at 1.69% in 2024. The company experienced a negative EBIT margin in 2024, which indicates operational challenges. However, EBITDA margins remain relatively stable, suggesting some resilience in operational cash generation.

Balance Sheet

The balance sheet is relatively stable with a debt-to-equity ratio of 0.73 in 2024, showing a manageable level of leverage. Stockholders' equity has declined slightly, suggesting potential risk. The equity ratio of 37.25% indicates a moderate level of financial stability. However, the declining trend in total assets and equity since 2020 may pose future risks.

Cash Flow

Operating cash flow has increased significantly to over 7.7 billion in 2024, reflecting strong cash generation capabilities. Free cash flow also shows robust growth, indicating efficient capital expenditure management. The free cash flow to net income ratio is high, suggesting that the company's cash flow generation significantly exceeds its net income, which is a positive indicator of financial health.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	17.84B	15.59B	19.29B	22.54B	22.17B
Gross Profit	1.39B	1.98B	2.28B	3.42B	2.92B
EBITDA	1.97B	2.06B	2.34B	3.04B	2.48B
Net Income	302.08M	262.80M	318.23M	1.38B	502.29M
Balance Sheet
Total Assets	24.75B	24.51B	26.49B	29.73B	26.54B
Cash, Cash Equivalents and Short-Term Investments	1.07B	802.29M	1.70B	1.65B	1.40B
Total Debt	6.70B	6.68B	7.41B	6.79B	6.30B
Total Liabilities	15.40B	14.68B	16.15B	18.07B	16.06B
Stockholders Equity	9.22B	9.60B	9.99B	11.28B	9.37B
Cash Flow
Free Cash Flow	7.15B	4.77B	3.68B	5.30B	1.23B
Operating Cash Flow	7.40B	5.28B	4.57B	5.83B	2.29B
Investing Cash Flow	-1.71B	-825.53M	-1.70B	-1.33B	-1.08B
Financing Cash Flow	-5.75B	-4.50B	-2.80B	-4.31B	-506.00M

Truly International Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.14
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0732, the sentiment is Positive. The current price of 1.14 is below the 20-day moving average (MA) of 1.19, above the 50-day MA of 1.09, and above the 200-day MA of 1.06, indicating a neutral trend. The MACD of 0.02 indicates Positive momentum. The RSI at 44.25 is Neutral, neither overbought nor oversold. The STOCH value of 8.93 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0732.

Truly International Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0732	62 Neutral	HK$3.61B	12.24	3.20%	8.55%	14.45%	15.04%
Sector *	57 Neutral	HK$14.02B	7.30	-5.38%	4.96%	8.42%	-47.13%
VARXF	―	$588.90M	11.72	8.79%	0.36%	―	―
0259	68 Neutral	HK$2.02B	0.73	93.13%	2.47%	-14.15%	-63.50%
0580	60 Neutral	HK$2.39B	21.50	5.45%	0.67%	50.17%	234.78%
0040	53 Neutral	HK$595.64M	19.88	2.74%	3.79%	3.64%	-1468.75%
0894	51 Neutral	HK$197.35M	25.30	0.52%	1.18%	9.56%	90.70%

Truly International Holdings Corporate Events

Truly International Holdings Reports Mixed Turnover Results for June 2025

Truly International Holdings Limited reported an unaudited net consolidated turnover of approximately HK$1,441 million for June 2025, marking a 9.4% increase compared to June 2024. However, the company’s unaudited net accumulative consolidated turnover for the first half of 2025 was approximately HK$8,098 million, reflecting a 5.7% decrease from the same period in 2024. This announcement aims to inform shareholders and potential investors about the company’s latest business developments, advising caution in dealing with its shares.

Truly International Holdings Announces Board Changes

Truly International Holdings Limited announced changes in its board composition, effective June 17, 2025. Ms. Lam Po Chun, Jane has been appointed as a member of the nomination committee, and Mr. Cheung Wai Yin, Wilson has been designated as the lead independent non-executive director. Additionally, Mr. Dai Cheng Yun has resigned as a non-executive director to focus on personal affairs. The company expressed gratitude for Mr. Dai’s contributions and welcomed Ms. Lam and Mr. Cheung to their new roles.

Truly International Holdings Announces New Board Composition

Truly International Holdings Limited has announced the composition of its board of directors, effective from June 17, 2025. The board includes executive, non-executive, and independent non-executive directors, with Mr. LAM Wai Wah serving as Chairman and CEO. The announcement also details the membership of three board committees, highlighting the company’s governance structure and leadership roles.

Truly International Holdings Reports Decline in Turnover for May 2025

Truly International Holdings Limited reported a decrease in its unaudited net consolidated turnover for May 2025, amounting to approximately HK$1,405 million, down 3.5% from May 2024. The company’s net accumulative consolidated turnover for the first five months of 2025 also saw a decline of 8.4% compared to the same period in 2024, reaching approximately HK$6,657 million. This announcement serves to inform shareholders and potential investors of the company’s current business developments, advising caution in dealing with its shares.

Truly International Holdings Passes All Resolutions at AGM

Truly International Holdings Limited, a company incorporated in the Cayman Islands, held its Annual General Meeting (AGM) on May 12, 2025, where all proposed resolutions were passed by shareholder vote. Key resolutions included the adoption of the company’s financial statements for 2024, approval of a final dividend, re-election of directors, and the reappointment of Deloitte Touche Tohmatsu as the external auditor. The AGM also granted the board mandates to repurchase and issue shares, reflecting strong shareholder support and potentially impacting the company’s future strategic and financial operations.

Truly International Reports Decline in Turnover for April 2025

Truly International Holdings Limited announced a decrease in its unaudited net consolidated turnover for April 2025, reporting approximately HK$1,451 million, a 5.2% decline from April 2024. The company’s accumulative turnover for the first four months of 2025 also saw a 9.6% decrease compared to the same period in 2024, highlighting potential challenges in maintaining its market position and signaling caution for shareholders and investors.