Symphony Holdings Limited (1223) AI Stock Analysis

• Market Cap: HK$4.55B
• Dividend Yield: 0.36%
• Average Volume (3M): 2.99M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.10
• Revenue Growth: 1.21%
• EPS Growth: -5.68%
• Country: HK
• Employees: 217
• Sector: Real Estate
• Sector Strength: 53
• Industry: Apparel - Retail
• EPS (TTM): >-0.01
• Shares Outstanding: 2,974,225,000
• 10 Day Avg. Volume: 3,343,014
• 30 Day Avg. Volume: 2,992,037
• PEG Ratio: 0.55
• Price to Book (P/B): 1.04
• Price to Sales (P/S): 7.83
• P/FCF Ratio: 10.07
• 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: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 42 Neutral
• Price Target: HK$1.50 ▲(7.91% Upside)

Symphony Holdings Limited's overall stock score is primarily impacted by its weak financial performance, characterized by declining revenues and consistent net losses. The technical analysis indicates a bearish trend, with the stock trading below key moving averages and nearing oversold conditions. The valuation is poor, with a negative P/E ratio and low dividend yield, further weighing down the score.

Positive Factors

Diversified Revenue Streams

The company's diversified business model across retail, branding, and property investment provides multiple income sources, reducing dependency on a single market and enhancing resilience against sector-specific downturns.

Strategic Partnerships

Partnerships with well-known brands can boost Symphony Holdings' market presence and brand value, potentially leading to increased sales and royalty income, supporting long-term growth.

High Gross Profit Margin

A high gross profit margin indicates effective cost control and pricing power, which can sustain profitability even amid revenue declines, providing a buffer for operational challenges.

Negative Factors

Declining Revenues

Persistent revenue decline signals potential market share loss or weakening demand for products, which could undermine long-term growth prospects and investor confidence.

Negative Free Cash Flow

Negative free cash flow indicates cash management issues, limiting the company's ability to invest in growth opportunities without raising debt, potentially impacting future expansion and financial stability.

Consistent Net Losses

Ongoing net losses highlight operational inefficiencies and challenges in achieving profitability, which could strain financial resources and hinder long-term sustainability.

Symphony Holdings Limited Business Overview & Revenue Model

Company Description

Symphony Holdings Limited (1223) is a diversified investment holding company based in Hong Kong, primarily engaged in providing a range of business services across various sectors, including retail, property investment, and logistics. The company focuses on developing and managing its portfolio of investments, which encompasses both established and emerging markets. Symphony Holdings is particularly noted for its commitment to enhancing operational efficiencies and maximizing the value of its assets through strategic partnerships and innovative business solutions.

How the Company Makes Money

Symphony Holdings generates revenue through multiple streams, primarily from its investments in retail operations, property management, and logistics services. The retail segment focuses on the sale of consumer goods, leveraging both physical and online marketplaces to reach customers. In property investment, the company earns income from leasing and managing commercial and residential properties. Furthermore, the logistics division contributes to earnings by providing supply chain management solutions and distribution services. Key partnerships with local businesses and international brands enhance its market reach and facilitate collaborative ventures, thereby driving additional revenue growth.

Symphony Holdings Limited Financial Statement Overview

Summary

Symphony Holdings Limited faces significant financial challenges, including declining revenues and consistent net losses, impacting profitability and growth. The balance sheet shows a cautious but declining equity position, with moderate leverage. Cash flow volatility and negative free cash flow indicate liquidity issues that need addressing for future sustainability.

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	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	305.47M	307.56M	304.73M	279.15M	323.50M	352.16M
Gross Profit	281.40M	281.23M	275.60M	156.05M	188.83M	145.93M
EBITDA	56.35M	63.13M	-22.99M	80.58M	183.25M	-46.19M
Net Income	-128.07M	-143.12M	-205.91M	-81.66M	36.50M	-216.33M
Balance Sheet
Total Assets	4.44B	4.42B	4.88B	5.14B	5.77B	5.32B
Cash, Cash Equivalents and Short-Term Investments	164.98M	158.95M	235.62M	228.81M	436.44M	348.50M
Total Debt	1.38B	1.39B	1.58B	1.63B	1.83B	1.81B
Total Liabilities	2.10B	2.10B	2.34B	2.29B	2.60B	2.42B
Stockholders Equity	2.33B	2.31B	2.53B	2.83B	3.14B	2.89B
Cash Flow
Free Cash Flow	159.78M	239.22M	157.14M	-59.49M	-28.55M	-91.01M
Operating Cash Flow	163.76M	243.03M	183.35M	16.14M	78.50M	46.48M
Investing Cash Flow	70.48M	49.88M	-18.02M	60.08M	-102.70M	-129.05M
Financing Cash Flow	-258.41M	-347.02M	-136.13M	-240.88M	-76.56M	92.48M

Symphony Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.39
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1223, the sentiment is Negative. The current price of 1.39 is below the 20-day moving average (MA) of 1.46, below the 50-day MA of 1.51, and above the 200-day MA of 1.06, indicating a neutral trend. The MACD of -0.04 indicates Positive momentum. The RSI at 40.35 is Neutral, neither overbought nor oversold. The STOCH value of 46.53 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1223.

Symphony Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3709	80 Outperform	HK$5.58B	10.71	10.59%	4.63%	-7.34%	-28.66%
0709	67 Neutral	$2.42B	11.17	10.57%	8.88%	3.78%	-21.19%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
1817	54 Neutral	HK$342.00M	9.47	4.51%	―	-7.95%	98.95%
1657	44 Neutral	HK$550.40M	-91.10	-7.01%	―	25.11%	64.76%
1223	42 Neutral	HK$4.55B	-29.37	-5.37%	0.36%	1.21%	-5.68%
0330	37 Underperform	$362.34M	-0.22	―	―	―	―

Symphony Holdings Limited Corporate Events

Symphony Holdings Reports Improved Financial Performance for H1 2025

Symphony Holdings Limited reported its interim financial results for the six months ending June 30, 2025. The company experienced a slight increase in EBITDA to HKD73.9 million compared to the previous year’s HKD72.3 million. The loss for the period was reduced to HKD12.8 million from HKD26.7 million in the corresponding period of 2024. Notably, the total comprehensive income attributable to owners reversed from a negative HKD83.5 million to a positive HKD45.4 million. The net asset value also saw an increase from HKD2,319.0 million at the end of 2024 to HKD2,345.2 million as of June 2025, indicating a strengthening financial position.

The most recent analyst rating on (HK:1223) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Symphony Holdings Limited stock, see the HK:1223 Stock Forecast page.