Bright Smart Securities & Commodities Group Limited (HK:1428)
:1428
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Bright Smart Securities & Commodities Group Limited
(1428)
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Rating:67Neutral
Price Target:
HK$12.50
▲(47.06% Upside)
Action:ReiteratedDate:03/24/26
The score is primarily held back by financial risks—negative revenue growth, high leverage, and weak/negative operating cash flow—despite strong profitability. Technicals provide meaningful support with clear bullish price trends and positive momentum indicators. Valuation is reasonable on P/E, but the missing dividend yield reduces visibility on total shareholder return.
Positive Factors
High profitability / margins
Sustained high gross and net margins reflect efficient cost control and pricing power in brokerage and related services. Durable margin strength supports earnings stability, funds reinvestment or deleveraging, and provides a buffer against cyclical drops in trading volumes over the next several months.
Negative Factors
High leverage
Elevated debt-to-equity raises financial risk by increasing interest obligations and reducing balance-sheet flexibility. High leverage can constrain capital allocation, limit ability to invest in platform or client growth, and amplify earnings volatility if trading volumes soften over the next several months.
Read all positive and negative factors
Positive Factors
Negative Factors
High profitability / margins
Sustained high gross and net margins reflect efficient cost control and pricing power in brokerage and related services. Durable margin strength supports earnings stability, funds reinvestment or deleveraging, and provides a buffer against cyclical drops in trading volumes over the next several months.
Read all positive factors
Bright Smart Securities & Commodities Group Limited (1428) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$21.39B
Dividend Yield4.01%
Average Volume (3M)33.69M
Price to Earnings (P/E)11.8
Beta (1Y)1.39
Revenue Growth11.40%
EPS Growth11.52%
CountryHK
Employees203
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)0.19
Shares Outstanding1,697,296,300
10 Day Avg. Volume46,182,051
30 Day Avg. Volume33,692,758
Financial Highlights & Ratios
PEG Ratio0.83
Price to Book (P/B)3.12
Price to Sales (P/S)4.82
P/FCF Ratio-28.29
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
Bright Smart Securities & Commodities Group Limited Business Overview & Revenue Model
Company Description
Bright Smart Securities & Commodities Group Limited, an investment holding company, provides financial services in Hong Kong. It operates through three segments: Securities Broking, Commodities and Futures Broking, and Bullion Trading. The company...
How the Company Makes Money
The company makes money mainly through a combination of brokerage/transaction-related income and financing-related income tied to client trading activity. Key revenue streams typically include: (1) Brokerage commissions and fees earned when client...
Bright Smart Securities & Commodities Group Limited Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
60
Neutral
Cash Flow
50
Neutral
| Breakdown | TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.07B | 972.32M | 981.18M | 1.20B | 1.27B | 1.55B |
| Gross Profit | 860.17M | 855.28M | 840.50M | 1.03B | 1.08B | 1.33B |
| EBITDA | 925.50M | 950.17M | -4.84M | 878.76M | 857.17M | 1.14B |
| Net Income | 632.53M | 617.63M | 558.84M | 620.60M | 561.50M | 703.90M |
Balance Sheet | ||||||
| Total Assets | 10.18B | 7.69B | 7.08B | 7.73B | 9.77B | 15.86B |
| Cash, Cash Equivalents and Short-Term Investments | 641.35M | 478.05M | 441.27M | 571.49M | 574.29M | 496.86M |
| Total Debt | 5.62B | 4.42B | 3.87B | 4.47B | 5.27B | 11.50B |
| Total Liabilities | 8.35B | 6.19B | 5.63B | 5.99B | 7.30B | 13.73B |
| Stockholders Equity | 1.83B | 1.50B | 1.44B | 1.73B | 2.47B | 2.13B |
Cash Flow | ||||||
| Free Cash Flow | -2.71B | -165.57M | 1.40B | 2.17B | 6.65B | -7.90B |
| Operating Cash Flow | -2.71B | -159.20M | 1.41B | 2.19B | 6.66B | -7.88B |
| Investing Cash Flow | 41.89M | 420.65M | 337.82M | -32.29M | -14.09M | -36.46M |
| Financing Cash Flow | 2.54B | -229.75M | -1.80B | -2.16B | -6.56B | 7.83B |
Bright Smart Securities & Commodities Group Limited Technical Analysis
Positive
8.50
Price Trends
9.65
Positive
8.87
Positive
9.96
Positive
Market Momentum
1.01
Positive
60.45
Neutral
37.59
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1428, the sentiment is Positive. The current price of 8.5 is below the 20-day moving average (MA) of 11.02, below the 50-day MA of 9.65, and below the 200-day MA of 9.96, indicating a bullish trend. The MACD of 1.01 indicates Positive momentum. The RSI at 60.45 is Neutral, neither overbought nor oversold. The STOCH value of 37.59 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1428.
Bright Smart Securities & Commodities Group Limited Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | HK$21.39B | 11.85 | 37.98% | 4.01% | 11.40% | 11.52% | |
57 Neutral | HK$17.52B | 20.29 | 3.28% | 1.25% | -36.99% | 181.79% | |
53 Neutral | HK$22.35B | 18.06 | 8.60% | 2.75% | 32.03% | 154.14% | |
53 Neutral | HK$1.61B | 16.91 | -2.38% | ― | -45.13% | 60.10% | |
51 Neutral | HK$3.93B | 12.05 | 3.77% | ― | 58.09% | ― | |
39 Underperform | HK$984.18M | -3.94 | 21.05% | ― | -78.40% | -196.19% |
* Financial Sector Average
HK:1428
Bright Smart Securities & Commodities Group Limited
12.60
10.21
427.20%
HK:0993
Huarong International Financial Holdings Limited
0.11
>-0.01
-7.38%
HK:1788
Guotai Junan International Holdings Limited
2.35
1.51
181.10%
HK:0218
Shenwan Hongyuan (H.K.) Limited
1.03
0.00
0.00%
HK:1375
Central China Securities Co., Ltd. Class H
1.80
0.47
35.34%
HK:1476
Hengtai Securities Co., Ltd. Class H
1.51
0.03
2.03%
Bright Smart Securities & Commodities Group Limited Corporate Events
Wealthiness and Prosperity Seizes Control of Bright Smart With HK$2.81 Billion Deal
Mar 30, 2026
Wealthiness and Prosperity Holding Limited has completed a previously announced share purchase agreement to acquire a controlling stake in Bright Smart Securities Commodities Group. The offeror bought 857,980,000 shares, representing about 50.55%...
Bright Smart Clears Key Hurdles for Mandatory Cash Offer Completion
Mar 16, 2026
Bright Smart Securities Commodities Group Limited and Wealthiness and Prosperity Holding Limited announced that key conditions for the completion of a previously agreed share purchase have now been satisfied, paving the way for a possible uncondi...
Bright Smart Halts Trading Ahead of Takeover Code Announcement
Mar 16, 2026
Bright Smart Securities Commodities Group Limited has requested a halt in trading of its shares on the Hong Kong Stock Exchange, effective from 9:00 a.m. on 16 March 2026. The suspension precedes the release of an announcement under the Hong Kong...
Bright Smart updates market on pending mandatory cash offer and unmet conditions
Mar 2, 2026
Bright Smart Securities Commodities Group Limited and Wealthiness and Prosperity Holding Limited have issued a joint update on the progress of a possible unconditional mandatory cash offer for all Bright Smart shares not already owned by the bidd...
Bright Smart Offer Update: Key Conditions Still Outstanding Ahead of March Deadline
Jan 29, 2026
Wealthiness and Prosperity Holding Limited and Bright Smart Securities Commodities Group Limited have issued a monthly update on the proposed unconditional mandatory cash offer to acquire all issued shares of Bright Smart not already owned or agr...
Bright Smart Details HK$80.6 Million Right-of-Use Assets from Amended Tenancy Deals
Jan 7, 2026
Bright Smart Securities Commodities Group Limited has issued a supplemental announcement detailing the breakdown of approximately HK$80.6 million in right-of-use assets arising from amendment agreements to multiple connected tenancy agreements fo...
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.