DL Holdings Group Limited (HK:1709)
:1709
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DL Holdings Group Limited
(1709)
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Rating:63Neutral
Price Target:
HK$1.50
â–˛(0.00% Upside)
Action:ReiteratedDate:03/10/26
The score is driven primarily by strong reported profitability and recent revenue growth, supported by a low valuation multiple. These positives are tempered by weak cash-flow quality (low operating cash flow vs. net income and steep free cash flow decline) and a clearly bearish technical setup with the price below all major moving averages.
Positive Factors
High Profitability and Margins
Exceptionally high gross and net margins point to significant unit economics or favorable product mix within its apparel manufacturing operations. Durable margin strength supports reinvestment, pricing power and surplus cash (when converted), underpinning long-term returns if maintained across cycles.
Negative Factors
Poor Cash Conversion
Very weak conversion of reported earnings into operating cash suggests earnings quality and working-capital management issues. Persistent low OCF relative to profit constrains self-funding, increases dependence on external financing, and threatens sustainability of payouts or reinvestment plans.
Read all positive and negative factors
Positive Factors
Negative Factors
High Profitability and Margins
Exceptionally high gross and net margins point to significant unit economics or favorable product mix within its apparel manufacturing operations. Durable margin strength supports reinvestment, pricing power and surplus cash (when converted), underpinning long-term returns if maintained across cycles.
Read all positive factors
DL Holdings Group Limited (1709) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$2.40B
Dividend Yield1.12%
Average Volume (3M)60.81M
Price to Earnings (P/E)6.2
Beta (1Y)0.57
Revenue Growth22.22%
EPS Growth196.73%
CountryHK
Employees92
SectorFinancial
Sector Strength70
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)0.13
Shares Outstanding2,069,865,000
10 Day Avg. Volume35,114,484
30 Day Avg. Volume60,810,383
Financial Highlights & Ratios
PEG Ratio1.48
Price to Book (P/B)6.49
Price to Sales (P/S)31.39
P/FCF Ratio619.78
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)0.1
Revenue Forecast (FY)HK$441.18M
DL Holdings Group Limited Business Overview & Revenue Model
Company Description
DL Holdings Group Limited (1709) is a diversified investment holding company based in Hong Kong, primarily engaged in asset management and financial services. The company operates through various sectors, including private equity, real estate inve...
How the Company Makes Money
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DL Holdings Group Limited Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
70
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 225.07M | 189.66M | 202.35M | 179.41M | 300.42M | 422.70M |
| Gross Profit | 141.25M | 138.91M | 130.46M | 84.03M | 156.43M | 234.90M |
| EBITDA | 366.82M | 188.03M | 129.28M | -26.94M | 137.07M | 226.59M |
| Net Income | 329.80M | 136.81M | 99.90M | -49.18M | 109.78M | 200.80M |
Balance Sheet | ||||||
| Total Assets | 2.13B | 1.29B | 1.08B | 894.69M | 914.78M | 627.94M |
| Cash, Cash Equivalents and Short-Term Investments | 731.30M | 31.70M | 39.84M | 83.50M | 154.64M | 56.22M |
| Total Debt | 130.83M | 209.46M | 307.02M | 174.39M | 208.01M | 38.86M |
| Total Liabilities | 427.45M | 342.13M | 555.47M | 458.94M | 388.62M | 127.38M |
| Stockholders Equity | 1.66B | 917.64M | 520.97M | 435.75M | 526.16M | 500.56M |
Cash Flow | ||||||
| Free Cash Flow | 290.77M | 9.61M | -34.97M | 194.19M | 105.96M | 48.31M |
| Operating Cash Flow | 292.71M | 16.91M | -33.66M | 194.61M | 108.15M | 49.13M |
| Investing Cash Flow | -81.02M | -46.09M | -65.23M | -50.05M | 15.80M | -114.30M |
| Financing Cash Flow | 411.13M | 21.03M | -30.79M | -102.45M | 62.38M | 98.98M |
DL Holdings Group Limited Technical Analysis
Negative
1.50
Price Trends
1.57
Negative
1.84
Negative
2.53
Negative
Market Momentum
-0.08
Negative
37.96
Neutral
13.89
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1709, the sentiment is Negative. The current price of 1.5 is above the 20-day moving average (MA) of 1.26, below the 50-day MA of 1.57, and below the 200-day MA of 2.53, indicating a bearish trend. The MACD of -0.08 indicates Negative momentum. The RSI at 37.96 is Neutral, neither overbought nor oversold. The STOCH value of 13.89 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1709.
DL Holdings Group Limited Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | HK$4.49B | 7.36 | 10.39% | 8.21% | 3.23% | -21.82% | |
68 Neutral | HK$2.44B | 3.44 | 3.61% | 5.01% | -2.56% | ― | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | HK$2.51B | 4.54 | 8.52% | 4.00% | 3.40% | 151.24% | |
63 Neutral | HK$2.40B | 6.20 | 25.55% | 1.12% | 22.22% | 196.73% | |
63 Neutral | HK$2.32B | 1.52 | 15.14% | 12.14% | -0.95% | 2.58% | |
63 Neutral | HK$1.76B | 2.63 | 12.81% | 7.98% | 13.52% | 4.95% |
* Financial Sector Average
HK:1709
DL Holdings Group Limited
1.20
-2.90
-70.73%
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DL Holdings Group Limited Corporate Events
DL Holdings Redirects Placement Proceeds to AI Infrastructure and Share Buybacks
Mar 16, 2026
DL Holdings Group Limited has reallocated the remaining HK$371 million of net proceeds from earlier share placings to better align with its evolving digital finance strategy and operational needs. The revised plan channels funds away from certain ...
DL Holdings’ Controlling Shareholder Lifts Stake to 37.47%
Mar 10, 2026
DL Holdings Group Limited has disclosed that its controlling shareholder, chairman and chief executive officer Chen Ningdi has completed a previously announced plan to increase his stake in the company. Acting through his wholly owned vehicle DA W...
DL Holdings Boosts Bitcoin Mining Output and Expands Capacity in Paraguay
Mar 2, 2026
DL Holdings Group Limited reported that from 1 to 28 February 2026 it mined 51.7122 Bitcoins, averaging about 1.8469 BTC per day, with effective hashrate rising from roughly 4.03 EH/s to 4.28 EH/s over the month. With no Bitcoin sold during the pe...
DL Holdings Wins Key SFC Nod to Advance Tokenisation of DL Tower and Animoca Funds
Feb 26, 2026
DL Holdings Group Limited has secured a key regulatory green light in Hong Kong for its real-world asset tokenisation strategy, after the Securities and Futures Commission indicated it had no further comments on business plans submitted by DL Secu...
DL Holdings launches SFC-regulated virtual asset dealing service via DL Securities
Feb 19, 2026
DL Holdings Group Limited has launched virtual asset dealing services at its brokerage arm DL Securities (HK) Limited under a Type 1 dealing in securities licence, allowing eligible professional investors to trade mainstream digital assets. Client...
DL Holdings Boosts Bitcoin Mining Output and Lifts 2026 Production Outlook
Feb 2, 2026
DL Holdings Group Limited reported that from 1 to 31 January 2026 it produced 51.937 Bitcoin, averaging about 1.675 BTC per day, as its effective hashrate rose from roughly 3.36 EH/s at year-end 2025 to about 4.03 EH/s by the end of January, suppo...
DL Holdings Updates Board and Committee Structure
Jan 19, 2026
DL Holdings Group Limited has announced an updated composition of its board of directors, comprising four executive directors, two non-executive directors and three independent non-executive directors, effective 19 January 2026. The company has al...
DL Holdings Wins SFC Nod to Expand Licensed Virtual Asset Services for Professional Investors
Jan 15, 2026
DL Holdings Group Limited has announced that its subsidiary, DL Securities (Hong Kong) Limited, has received conditional approval from Hong Kong’s Securities and Futures Commission to provide virtual asset advisory services under its Type 4 ...
DL Holdings completes Youngtimers AG share subscription via treasury share transfer
Jan 13, 2026
DL Holdings Group Limited has completed a share transaction related to its subscription of shares in Youngtimers AG, with all conditions under the subscription agreement fulfilled and completion occurring on 13 January 2026. Under the deal, DL Hol...
DL Holdings Subsidiary Cleared to Launch Regulated Virtual Asset Dealing in Hong Kong
Jan 9, 2026
DL Holdings Group Limited has announced that its subsidiary DL Securities (Hong Kong) Limited has had its Type 1 (dealing in securities) licence formally uplifted, with new licensing conditions now in effect from 30 December 2025. This regulatory ...
DL Holdings Strengthens Board with Appointment of Veteran Investment Manager as Non-Executive Director
Jan 7, 2026
DL Holdings Group Limited has appointed 50-year-old investment professional Qiao Linjian as a non-executive director with effect from 19 January 2026, strengthening its board with deep experience in security investment management and insurance ass...
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.