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:Reiterated
Date: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 profit margins
Sustained exceptionally high gross and net margins indicate durable pricing power or a highly profitable product mix and operational efficiency. Over 2–6 months this supports cash generation capacity and buffer versus cost shocks, aiding reinvestment and shareholder returns.
Negative Factors
Poor cash conversion
Very weak conversion of accounting profits into operating cash raises concern about earnings quality and working capital management. Persistently low cash conversion constrains self-funding of growth, dividends and makes the business more reliant on external financing.
Read all positive and negative factors
Positive Factors
Negative Factors
High profit margins
Sustained exceptionally high gross and net margins indicate durable pricing power or a highly profitable product mix and operational efficiency. Over 2–6 months this supports cash generation capacity and buffer versus cost shocks, aiding reinvestment and shareholder returns.
Read all positive factors
DL Holdings Group Limited (1709) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$2.14B
Dividend Yield1.12%
Average Volume (3M)60.81M
Price to Earnings (P/E)6.2
Beta (1Y)0.66
Revenue Growth22.22%
EPS Growth196.73%
CountryHK
Employees92
SectorFinancial
Sector Strength70
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)0.22
Shares Outstanding2,049,598,900
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 | 222.35M | 189.66M | 202.35M | 179.41M | 300.42M | 422.70M |
| Gross Profit | 192.40M | 138.91M | 130.46M | 84.03M | 156.43M | 234.90M |
| EBITDA | 169.76M | 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
1.16
Negative
1.50
Negative
2.17
Negative
Market Momentum
-0.02
Negative
40.98
Neutral
22.23
Neutral
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 1.10, above the 50-day MA of 1.16, and below the 200-day MA of 2.17, indicating a bearish trend. The MACD of -0.02 indicates Negative momentum. The RSI at 40.98 is Neutral, neither overbought nor oversold. The STOCH value of 22.23 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
73 Outperform | HK$16.86B | 10.93 | 14.30% | 5.87% | 6.88% | 11.98% | |
71 Outperform | HK$67.95B | 14.19 | 15.53% | 4.31% | 8.19% | -6.72% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | HK$2.20B | 4.54 | 8.52% | 4.00% | 3.40% | 151.24% | |
63 Neutral | HK$2.14B | 6.22 | 25.55% | 1.12% | 22.22% | 196.73% | |
60 Neutral | HK$1.58B | 2.40 | 2.58% | 9.71% | -7.47% | -33.28% | |
59 Neutral | HK$1.65B | 6.53 | 4.73% | 8.06% | -2.44% | -5.98% |
* Financial Sector Average
HK:1709
DL Holdings Group Limited
1.07
-2.06
-65.81%
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DL Holdings Group Limited Corporate Events
DL Holdings Grants 23.65 Million Shares Under 2025 Award Scheme
Apr 29, 2026
DL Holdings Group Limited has moved to implement its 2025 Restricted Share Award Scheme by granting 23,650,000 share awards sourced from its previously repurchased pool of 70,090,000 shares. The awards, granted at no consideration, are allocated t...
DL Holdings Expands Bitcoin Reserves as Mining Output Rises
Apr 29, 2026
DL Holdings Group Limited reported that between 1 March and 28 April 2026, its Bitcoin mining operations produced 112.19 BTC, averaging about 1.90 BTC per day, supported by an average effective hashrate of roughly 4.22 EH/s. With no Bitcoin sold d...
DL Holdings Cancels Portion of Repurchased Shares to Boost Per-Share Value
Apr 28, 2026
DL Holdings Group Limited has been executing a share repurchase plan under a shareholder-approved mandate that allows directors to buy back up to 10% of the company’s issued shares, excluding treasury stock. Between March and April 2026, the...
DL Holdings details AI-focused Cango investment and clarifies fund tokenisation status
Apr 2, 2026
DL Holdings Group Limited has provided more details on its recent US$10 million subscription of a convertible note and warrant in Cango Inc., clarifying that all proceeds will be deployed by Cango into AI initiatives and computing infrastructure, ...
DL Holdings Takes USD10 Million Convertible Stake in Cango and Explores Further AI, Crypto Mining Investment
Apr 1, 2026
DL Holdings Group Limited has agreed to subscribe to a two-year, zero-coupon convertible note of USD10 million issued by U.S.-listed Cango Inc., which is convertible into Cango’s Class A ordinary shares at USD1.62 per share, alongside a warr...
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...
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.