Pico Far East Holdings Limited (HK:0752)
:0752
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Pico Far East Holdings
(0752)
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Rating:75Outperform
Price Target:
HK$3.00
▲(10.70% Upside)
Action:ReiteratedDate:03/01/26
The score is driven primarily by solid financial performance (multi-year growth and improved profitability) tempered by a significant 2025 cash flow drop, alongside favorable valuation (low P/E and high dividend yield) and supportive technical strength above key moving averages.
Positive Factors
Multi-year Revenue Growth
Sustained revenue growth over multiple years shows durable demand for Pico's events and experiential services. This expansion supports scale economics, stronger bargaining with suppliers and venues, and a larger recurring client base, underpinning revenue durability over 2–6 months and beyond.
Negative Factors
Sharp Fall in Operating Cash Flow (2025)
Large decline in operating cash flow signals working-capital swings or timing of receipts/payments, raising questions about cash quality of earnings. Persistent volatility impairs reinvestment capacity, dividend coverage and liquidity buffers during industry slowdowns.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi-year Revenue Growth
Sustained revenue growth over multiple years shows durable demand for Pico's events and experiential services. This expansion supports scale economics, stronger bargaining with suppliers and venues, and a larger recurring client base, underpinning revenue durability over 2–6 months and beyond.
Read all positive factors
Pico Far East Holdings (0752) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$3.25B
Dividend Yield6.09%
Average Volume (3M)566.18K
Price to Earnings (P/E)7.5
Beta (1Y)0.34
Revenue Growth18.65%
EPS Growth18.40%
CountryHK
Employees2,700
SectorCommunication Services
Sector Strength97
IndustrySpecialty Business Services
Share Statistics
EPS (TTM)0.18
Shares Outstanding1,267,754,500
10 Day Avg. Volume368,193
30 Day Avg. Volume566,182
Financial Highlights & Ratios
PEG Ratio0.36
Price to Book (P/B)1.28
Price to Sales (P/S)0.45
P/FCF Ratio9.73
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
Pico Far East Holdings Business Overview & Revenue Model
Company Description
Pico Far East Holdings Limited, an investment holding company, engages in the exhibition, event, and brand activation; visual branding activation; museum, themed environment, interior, and retail; meeting architecture activation; and related busin...
How the Company Makes Money
Pico Far East Holdings makes money primarily by providing end-to-end services for exhibitions, events, and brand activation projects and charging clients for those services. Key revenue streams typically include: (1) project-based fees for design ...
Pico Far East Holdings Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
55
Neutral
| Breakdown | Oct 2025 | Oct 2024 | Oct 2023 | Oct 2022 | Oct 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 7.21B | 6.33B | 5.33B | 4.54B | 4.05B |
| Gross Profit | 2.19B | 1.94B | 1.59B | 1.27B | 1.09B |
| EBITDA | 669.65M | 593.12M | 452.48M | 337.35M | 311.59M |
| Net Income | 436.03M | 357.57M | 228.08M | 162.64M | 136.91M |
Balance Sheet | |||||
| Total Assets | 6.25B | 5.71B | 5.06B | 5.01B | 5.39B |
| Cash, Cash Equivalents and Short-Term Investments | 2.32B | 1.94B | 1.31B | 1.42B | 1.51B |
| Total Debt | 995.84M | 593.06M | 518.11M | 933.40M | 876.51M |
| Total Liabilities | 3.70B | 3.39B | 2.73B | 2.83B | 3.07B |
| Stockholders Equity | 2.55B | 2.29B | 2.26B | 2.11B | 2.19B |
Cash Flow | |||||
| Free Cash Flow | 336.07M | 917.73M | 406.68M | 58.60M | 220.24M |
| Operating Cash Flow | 379.17M | 949.34M | 460.37M | 147.10M | 273.99M |
| Investing Cash Flow | -247.52M | -217.99M | -135.96M | -128.98M | -96.21M |
| Financing Cash Flow | 44.24M | -365.86M | -561.08M | -30.61M | 11.64M |
Pico Far East Holdings Technical Analysis
Negative
2.71
Price Trends
2.60
Negative
2.58
Negative
2.51
Negative
Market Momentum
-0.04
Positive
39.62
Neutral
9.65
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0752, the sentiment is Negative. The current price of 2.71 is above the 20-day moving average (MA) of 2.53, above the 50-day MA of 2.60, and above the 200-day MA of 2.51, indicating a bearish trend. The MACD of -0.04 indicates Positive momentum. The RSI at 39.62 is Neutral, neither overbought nor oversold. The STOCH value of 9.65 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0752.
Pico Far East Holdings Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | HK$3.25B | 7.50 | 16.02% | 6.09% | 18.65% | 18.40% | |
72 Outperform | HK$211.94M | 7.60 | 8.42% | 18.18% | -7.56% | -2.06% | |
62 Neutral | HK$182.40M | 7.19 | -23.30% | 8.60% | -26.30% | -617.37% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
58 Neutral | HK$460.00M | -162.21 | -5.38% | 1.90% | 3.04% | -22.93% | |
57 Neutral | HK$29.60M | 9.73 | 3.02% | ― | -6.40% | ― | |
53 Neutral | HK$801.77M | -10.57 | -2.27% | 13.04% | -11.14% | -280.56% |
* Communication Services Sector Average
HK:0752
Pico Far East Holdings
2.56
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60.40%
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Pico Far East Holdings Corporate Events
Pico Far East Holdings Announces Change of Company Secretary
Mar 31, 2026
Pico Far East Holdings has announced a change in its corporate governance team, with company secretary Ms. Leung Hoi Yan resigning effective March 31, 2026, after confirming there is no disagreement with the board or other matters requiring shareh...
Pico Far East Outlines Board and Committee Structure to Strengthen Governance
Mar 27, 2026
Pico Far East Holdings Limited announced the composition of its board, listing three executive directors, including chairman Lawrence Chia Song Huat, alongside five independent non-executive directors. The disclosure underscores the company’...
Pico Far East Wins Shareholder Backing for All AGM Resolutions
Mar 27, 2026
Pico Far East Holdings reported that all resolutions put to shareholders at its annual general meeting on March 27, 2026 were duly approved by poll. Investors endorsed the audited financial statements for the year ended October 31, 2025, re-electe...
Pico Far East Sets 2026 AGM, Proposes Dividends and Share Issue Mandate
Feb 26, 2026
Pico Far East Holdings has called its annual general meeting for March 27, 2026, in Hong Kong, where shareholders will review the audited financial statements for the year ended October 31, 2025, and vote on a slate of board changes and governance...
Pico Far East moves to modernise constitution ahead of uncertificated regime
Feb 24, 2026
Pico Far East Holdings plans to overhaul its constitutional documents by adopting an amended and restated memorandum and articles of association, subject to shareholder approval at its March 27, 2026 annual general meeting. The revisions aim to mo...
Pico Far East Delivers Higher Revenue and Profit on Strong 2025 Final Results
Jan 30, 2026
Pico Far East Holdings reported a solid set of audited final results for the year ended 31 October 2025, with revenue rising to HK$7.21 billion from HK$6.33 billion a year earlier and gross profit increasing to HK$2.23 billion. Profit from core op...
Pico Far East Announces Final HKD 0.09 Dividend for FY2025
Jan 30, 2026
Pico Far East Holdings Limited has declared a final ordinary cash dividend of HKD 0.09 per share for the financial year ended 31 October 2025, subject to shareholder approval at a meeting scheduled for 27 March 2026. The shares will trade ex-divid...
Pico Far East Announces Special Dividend with Scrip Option for FY2025
Jan 30, 2026
Pico Far East Holdings Limited has declared a special dividend of HK$0.045 per share for the financial year ended 31 October 2025, subject to shareholder approval on 27 March 2026. The dividend will be paid in cash by default, with shareholders of...
Pico Far East Sets January 30 Board Meeting to Approve 2025 Final Results
Jan 12, 2026
Pico Far East Holdings has scheduled a board meeting for January 30, 2026 to review and approve the audited final results for the financial year ended October 31, 2025, along with their release to the public. At the same meeting, the board will al...
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.