Virtual Mind Holding Company Limited (HK:1520)
:1520
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Virtual Mind Holding Company Limited
(1520)
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Rating:43Neutral
Price Target:
HK$0.61
▼(-44.22% Downside)
Action:Reiterated
Date:04/30/26
The score is primarily held down by very weak financial performance—sharp margin deterioration, widening losses, and persistent negative operating/free cash flow—despite lower and improving leverage. Technicals add further pressure with a clear downtrend and weak momentum, while valuation is constrained by a negative P/E and no dividend yield data.
Positive Factors
Revenue Growth
A ~22% revenue rebound in 2025 indicates improving demand and successful top-line traction after prior weakness. Sustained revenue growth provides a foundation for scaling fixed-cost absorption and eventual margin recovery if management can convert higher sales into improved operational efficiency.
Negative Factors
Gross Margin Collapse
A collapse in gross margin to roughly 3.2% indicates severe pricing, cost, or product-mix pressure that undermines core profitability. Such structurally low margins make it difficult to cover operating expenses and are unlikely to self-correct quickly without product/cost restructuring or pricing power restoration.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
A ~22% revenue rebound in 2025 indicates improving demand and successful top-line traction after prior weakness. Sustained revenue growth provides a foundation for scaling fixed-cost absorption and eventual margin recovery if management can convert higher sales into improved operational efficiency.
Read all positive factors
Virtual Mind Holding Company Limited (1520) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$542.55M
Dividend YieldN/A
Average Volume (3M)3.22M
Price to Earnings (P/E)―
Beta (1Y)-0.23
Revenue Growth15.54%
EPS Growth-8.93%
CountryHK
Employees74
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)-0.13
Shares Outstanding951,836,300
10 Day Avg. Volume3,689,700
30 Day Avg. Volume3,216,390
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)5.24
Price to Sales (P/S)5.91
P/FCF Ratio-11.62
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
Virtual Mind Holding Company Limited Business Overview & Revenue Model
Company Description
Virtual Mind Holding Company Limited, an investment holding company, designs, manufactures, and trades in apparel in the United States, Hong Kong, and internationally. The company provides its products under the private labels and its own propriet...
Virtual Mind Holding Company Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
24
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 149.73M | 129.59M | 66.33M | 89.62M | 139.82M |
| Gross Profit | 4.76M | 9.03M | 11.23M | 14.06M | 38.70M |
| EBITDA | -99.65M | -55.28M | -84.69M | -49.20M | -38.77M |
| Net Income | -110.03M | -76.63M | -93.75M | -65.88M | -46.27M |
Balance Sheet | |||||
| Total Assets | 204.92M | 195.07M | 214.19M | 288.37M | 234.83M |
| Cash, Cash Equivalents and Short-Term Investments | 34.19M | 17.09M | 43.80M | 65.20M | 31.03M |
| Total Debt | 15.66M | 26.60M | 43.91M | 31.46M | 7.95M |
| Total Liabilities | 37.75M | 65.05M | 65.47M | 79.07M | 38.58M |
| Stockholders Equity | 168.85M | 130.96M | 148.11M | 208.43M | 196.26M |
Cash Flow | |||||
| Free Cash Flow | -76.18M | -79.09M | -28.85M | -82.49M | -59.52M |
| Operating Cash Flow | -74.40M | -77.70M | -27.73M | -81.01M | -58.79M |
| Investing Cash Flow | -11.67M | -1.24M | -930.00K | 73.98M | -730.00K |
| Financing Cash Flow | 106.36M | 53.84M | 10.24M | 46.66M | -928.00K |
Virtual Mind Holding Company Limited Technical Analysis
Negative
1.09
Price Trends
0.66
Negative
0.78
Negative
1.10
Negative
Market Momentum
-0.02
Negative
43.51
Neutral
55.15
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1520, the sentiment is Negative. The current price of 1.09 is above the 20-day moving average (MA) of 0.58, above the 50-day MA of 0.66, and below the 200-day MA of 1.10, indicating a bearish trend. The MACD of -0.02 indicates Negative momentum. The RSI at 43.51 is Neutral, neither overbought nor oversold. The STOCH value of 55.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1520.
Virtual Mind Holding Company Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | HK$4.25B | 7.17 | 10.39% | 8.21% | 11.68% | 9.03% | |
72 Outperform | HK$877.37M | 5.23 | 5.84% | 6.04% | -1.81% | -2.23% | |
64 Neutral | HK$382.62M | 6.47 | -14.53% | ― | -5.61% | ― | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
49 Neutral | HK$263.30M | -0.50 | -14.46% | ― | -13.96% | -167.54% | |
49 Neutral | HK$869.17M | 15.72 | 2.26% | 1.28% | -8.69% | 11.46% | |
43 Neutral | HK$542.55M | -8.04 | -69.51% | ― | 15.54% | -8.93% |
* Consumer Cyclical Sector Average
HK:1520
Virtual Mind Holding Company Limited
0.57
0.03
5.56%
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0.21
131.25%
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China Lilang Ltd.
3.55
0.26
8.03%
HK:3322
Win Hanverky Holdings Limited
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-0.04
-14.58%
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Cabbeen Fashion Limited
1.30
-0.05
-3.70%
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Cosmo Lady (China) Holdings Co. Ltd.
0.40
0.18
84.33%
Virtual Mind Holding Company Limited Corporate Events
Virtual Mind Sets 2026 AGM to Renew Board Mandates and Share Issuance Authority
Apr 23, 2026
Virtual Mind Holding Company Limited has called its annual general meeting for 12 June 2026 in Hong Kong, where shareholders will review the audited consolidated financial statements for the year ended 31 December 2025 and receive the reports of t...
Virtual Mind Signs MOU for Strategic Investment in HSC Digital’s Licensed Digital Asset Platform
Apr 23, 2026
Virtual Mind Holding Company Limited has signed a memorandum of understanding to make an initial investment in HSC Digital, a firm founded by Vadim Krekotin to develop licensed infrastructure for cross-border settlement, gold-backed stablecoin iss...
Virtual Mind widens annual loss despite higher revenue and credit loss reversal
Mar 27, 2026
Virtual Mind Holding Company Limited reported audited consolidated revenue of HK$149.7 million for the year ended 31 December 2025, up from HK$129.6 million in 2024, but gross profit fell to HK$4.8 million as cost of sales and operating expenses i...
Virtual Mind expands into sports IP gold products and Web3 fan economy
Mar 27, 2026
Virtual Mind Holding has launched Chengdu Tianhe Sinrui Precious Metals Co., Ltd., a joint venture with Beijing Xiuman Technology, which has secured trading qualifications from the Shanghai Gold Exchange to support a new line of sports IP-themed g...
Virtual Mind Sets March Board Meeting to Approve 2025 Results and Consider Dividend
Mar 17, 2026
Virtual Mind Holding Company Limited has scheduled a board meeting for 27 March 2026 to review and approve the audited annual results for the financial year ended 31 December 2025. The board will also consider whether to recommend a final dividend...
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.