Symphony Holdings Limited (1223) AI Stock Analysis

• Market Cap: HK$3.18B
• Dividend Yield: 0.47%
• Average Volume (3M): 4.16M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.09
• Revenue Growth: 0.93%
• EPS Growth: 17.34%
• Country: HK
• Employees: 217
• Sector: Consumer Cyclical
• Sector Strength: 62
• Industry: Apparel - Retail
• EPS (TTM): -0.05
• Shares Outstanding: 2,974,225,000
• 10 Day Avg. Volume: 10,782,758
• 30 Day Avg. Volume: 4,160,375
• PEG Ratio: -6.92
• Price to Book (P/B): 1.04
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 32.08
• 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: 51 Neutral
• Price Target: HK$1.00 ▼(-6.54%Downside)

The overall stock score for Symphony Holdings Limited is influenced by its financial challenges, particularly the declining revenues and net losses. Technical analysis shows bullish momentum, but the high RSI suggests caution due to potential overbought conditions. Valuation concerns are highlighted by the negative P/E ratio, offsetting the moderate dividend yield.

Symphony Holdings Limited Business Overview & Revenue Model

Company Description

Symphony Holdings Limited, an investment holding company, primarily operates as a retailing company. It operates through Branding, Retailing, and Financial Services segments. The company is involved in the retailing and provision of sourcing services for branded apparel, swimwear, and accessories; manufacturing and trading of healthcare products; and development and management of PONY and SKINS trademarks. It also manages and operates outlet malls, duty free shops, and fashion stores; and provides securities brokerage, margin financing, underwriting and placing, financial consulting, and money lending services. In addition, the company offers information, technology, corporate, and portfolio management services; accountancy, legal, secretarial, and cruiser services; and online trading platform support services. Further, it engages in the trading, retailing, and distribution of swimming apparel and accessories; property investment and holding activities; holding of club debentures; sub-licensing of trademark rights; and trading and wholesaling of sportswear. It operates in the People's Republic of China, Hong Kong, other Asian countries, the United States, the United Kingdom, and internationally. The company was formerly known as Liang Shing (Holdings) Limited and changed its name to Symphony Holdings Limited in 1997. Symphony Holdings Limited was incorporated in 1993 and is based in North Point, Hong Kong.

How the Company Makes Money

Symphony Holdings Limited generates revenue through a diversified business model. The company earns income from its retailing and sourcing segment by selling branded footwear and apparel products. Additionally, through its branding segment, Symphony Holdings licenses its owned brands to third-party manufacturers and retailers, generating royalty income. In its property investment and development division, the company earns rental income from leasing commercial properties, while also profiting from property sales and developments. Strategic partnerships with international and regional brands further enhance Symphony Holdings' revenue streams.

Symphony Holdings Limited Financial Statement Overview

Summary

Symphony Holdings Limited shows financial challenges with declining revenues and net losses, impacting profitability. Despite a moderate debt-to-equity ratio, the volatile cash flow and negative free cash flow indicate liquidity issues. Strategic improvements are needed in revenue growth and operational efficiency to enhance financial health.

Income Statement

Symphony Holdings Limited has seen a consistent decline in revenue over recent years, with a notable decrease from 2019 to 2024. The company reported negative net income for most of the periods, indicating struggles in achieving profitability. The gross profit margin remains relatively high, suggesting efficient cost management despite declining revenues. However, the negative EBIT and EBITDA margins highlight operational inefficiencies and challenges in covering operational costs.

Balance Sheet

The company maintains a moderate debt-to-equity ratio, reflecting a balanced approach to leveraging. However, the overall trend shows decreasing stockholders' equity, which may pose a risk to financial stability. The equity ratio indicates a stable but declining ownership stake in assets, which could affect long-term financial health. Despite these challenges, the debt level is being managed without excessive increases, maintaining some financial stability.

Cash Flow

Operating cash flow has shown volatility, with significant fluctuations year-over-year. The free cash flow position has been negative in several periods, indicating cash management issues. The company's inability to generate consistent positive free cash flow to net income ratio signals potential liquidity concerns and constraints in reinvesting for growth without increasing debt levels.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	307.56M	304.73M	279.15M	323.50M	352.16M
Gross Profit	281.23M	275.60M	156.05M	188.83M	145.93M
EBITDA	63.13M	-22.99M	80.58M	183.25M	-46.19M
Net Income	-143.12M	-205.91M	-81.66M	36.50M	-216.33M
Balance Sheet
Total Assets	4.42B	4.88B	5.14B	5.77B	5.32B
Cash, Cash Equivalents and Short-Term Investments	158.95M	235.62M	228.81M	436.44M	390.30M
Total Debt	1.39B	1.58B	1.63B	1.83B	1.81B
Total Liabilities	2.10B	2.34B	2.29B	2.60B	2.42B
Stockholders Equity	2.31B	2.53B	2.83B	3.14B	2.89B
Cash Flow
Free Cash Flow	239.22M	157.14M	-59.49M	-28.55M	-91.01M
Operating Cash Flow	243.03M	183.35M	16.14M	78.50M	46.48M
Investing Cash Flow	49.88M	-18.02M	32.18M	-95.53M	-132.98M
Financing Cash Flow	-347.02M	-136.13M	-153.88M	-33.25M	148.41M

Symphony Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.07
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1223, the sentiment is Positive. The current price of 1.07 is above the 20-day moving average (MA) of 0.91, above the 50-day MA of 0.84, and above the 200-day MA of 0.82, indicating a bullish trend. The MACD of 0.06 indicates Negative momentum. The RSI at 78.60 is Negative, neither overbought nor oversold. The STOCH value of 78.58 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1223.

Symphony Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0709	75 Outperform	$2.38B	10.99	10.30%	4.08%	1.19%	-38.04%
3709	66 Neutral	HK$4.58B	9.07	10.33%	5.60%	-6.46%	-45.94%
Sector *	65 Neutral	€7.11B	13.85	9.70%	3.56%	1.82%	-128.10%
1817	52 Neutral	HK$318.25M	9.41	4.29%	―	-4.28%	-25.99%
1223	51 Neutral	HK$3.18B	―	-5.91%	0.47%	0.93%	17.34%
1657	46 Neutral	HK$308.16M	―	-7.01%	―	-42.38%	28.61%

Symphony Holdings Limited Corporate Events

Symphony Holdings Limited Forms Nomination Committee to Strengthen Governance

Symphony Holdings Limited has established a Nomination Committee to enhance its corporate governance structure. This committee, primarily composed of independent non-executive directors, is tasked with reviewing the board’s composition, identifying suitable director candidates, and making recommendations for board appointments and succession planning. This strategic move is expected to strengthen the company’s leadership framework and align its board structure with corporate strategy, potentially impacting its market positioning and stakeholder relations positively.

Symphony Holdings Announces Board Changes with New Appointment

Symphony Holdings Limited, a company listed on the Hong Kong Stock Exchange, announced changes to its board of directors, with the retirement of Mr. Chow Yu Chun Alexander as an independent non-executive director and the appointment of Ms. Ma Yin Fan to the same position. Ms. Ma brings over 20 years of experience in auditing, accounting, and taxation, and her appointment reflects the company’s commitment to strengthening its governance and expertise in financial matters.

Symphony Holdings Limited Updates Board of Directors and Committee Roles

Symphony Holdings Limited has announced an update to its board of directors, effective June 20, 2025. The board comprises both executive and independent non-executive directors, with Mr. Cheng Tun Nei serving as Chairman and CEO. The company has also detailed the composition of its three board committees: Nomination, Audit, and Remuneration, which are chaired by different directors. This update reflects the company’s ongoing efforts to strengthen its governance structure, potentially impacting its strategic direction and stakeholder engagement.

Symphony Holdings Limited Successfully Passes All AGM Resolutions

Symphony Holdings Limited held its Annual General Meeting on June 20, 2025, where all proposed resolutions were passed. These resolutions included the adoption of financial statements, declaration of a final dividend, re-election of directors, and granting of mandates to the board for share issuance and repurchase. The successful passing of these resolutions reflects strong shareholder support and positions the company for continued operational stability and strategic flexibility.