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HBM Holdings Ltd. (HK:2142)
:2142
Hong Kong Market
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HBM Holdings Ltd. (2142) AI Stock Analysis

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HK:2142

HBM Holdings Ltd.

(2142)

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Neutral 51 (OpenAI - 4o)
Rating:51Neutral
Price Target:
HK$13.50
▲(0.22% Upside)
The overall stock score of 51 reflects the company's mixed financial performance, characterized by strong gross margins but declining profitability and cash flow issues. Technical analysis indicates a bearish trend with weak momentum, while valuation suggests moderate pricing. The absence of earnings call and corporate events data limits further insights.

HBM Holdings Ltd. (2142) vs. iShares MSCI Hong Kong ETF (EWH)

HBM Holdings Ltd. Business Overview & Revenue Model

Company DescriptionHBM Holdings Limited, a clinical-stage biopharmaceutical company, engages in the discovery and development of differentiated antibody therapeutics in immunology and oncology disease areas. It is developing Batoclimab (HBM9161), a human monoclonal antibody that selectively binds to and inhibits the neonatal fragment crystallizable receptor; Tanfanercept (HBM9036) to treat moderate to-severe dry eye disease; HBM7008, a bispecific antibody targeting tumor Associated antigen; and HBM4003, a human anti-CTLA-4 antibody against cytotoxic T-lymphocyte-associated antigen-4. The company is also developing HBM9022 for the treatment of SARS-COV-2; HBM9302 for the treatment of breast and gastric cancers; HBM7020 for the treatment of multiple myeloma; and HBM1007, HBM1029, HBM7015, HBM7008, and HBM1022 for the treatment of solid tumors. It operates in Mainland China, the United States, Europe, and internationally. The company has collaboration on antibody-drug conjugate projects with LegoChem Biosciences Inc. and Duality Biotherapeutics, Inc. HBM Holdings Limited was incorporated in 2016 and is based in Shanghai, the People's Republic of China.
How the Company Makes MoneyHBM Holdings Ltd. generates revenue through multiple streams, primarily from rental income derived from its property investments, which include office spaces and commercial real estate. Additionally, the company earns revenue through its financial services division, which may involve asset management fees, advisory services, and transaction fees. Strategic partnerships with other financial institutions and real estate developers enhance its investment opportunities, while ongoing asset management allows for the optimization of returns on its investment portfolio. Furthermore, potential capital gains from the appreciation of property values and financial assets contribute significantly to the company's overall earnings.

HBM Holdings Ltd. Financial Statement Overview

Summary
HBM Holdings Ltd. shows a mixed financial performance with strong gross margins but declining profitability and cash flow issues. While the balance sheet remains stable with improving leverage ratios, the lack of revenue growth and operational cash generation could hinder long-term growth prospects.
Income Statement
45
Neutral
The company has shown inconsistent revenue growth with a significant drop from 2023 to 2024. Gross profit margin remains strong at 88.2% in 2024, indicating good cost control. However, the net profit margin has declined to 7.3% in 2024, reflecting reduced profitability compared to 25.5% in 2023. The negative EBIT and EBITDA margins in 2024 highlight operational inefficiencies.
Balance Sheet
60
Neutral
The balance sheet reflects a stable equity position with an equity ratio of 57.9% in 2024. The debt-to-equity ratio improved to 0.49 from 0.55 in 2023, indicating better leverage management. However, the high level of cash compared to total debt suggests liquidity, yet the declining total assets may pose future challenges to asset management.
Cash Flow
30
Negative
The cash flow statement shows challenges with no positive operating cash flow and zero free cash flow in 2024. This indicates potential issues in generating cash from operations, which could affect financial flexibility. The absence of free cash flow growth further underscores cash flow constraints.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue65.06M38.10M89.50M40.66M4.31M14.11M
Gross Profit59.33M33.61M87.47M40.53M4.17M13.66M
EBITDA32.64M-2.08M31.18M-117.07M-130.84M-290.91M
Net Income37.21M2.78M22.80M-137.27M-137.88M-296.54M
Balance Sheet
Total Assets380.47M215.01M228.48M232.12M282.36M388.74M
Cash, Cash Equivalents and Short-Term Investments320.69M167.22M140.72M171.71M216.30M356.95M
Total Debt64.67M61.34M66.01M90.93M19.47M1.73M
Total Liabilities96.89M90.96M108.85M139.62M59.45M27.73M
Stockholders Equity282.70M124.45M119.99M92.83M223.19M361.19M
Cash Flow
Free Cash Flow-5.75M30.44M-21.60M-118.40M-139.81M-35.99M
Operating Cash Flow-5.70M30.68M-19.12M-99.96M-125.61M-35.39M
Investing Cash Flow1.75M6.55M28.09M137.59M-76.90M-93.53M
Financing Cash Flow-4.32M-10.24M-29.14M70.58M1.59M357.86M

HBM Holdings Ltd. Technical Analysis

Technical Analysis Sentiment
Positive
Last Price13.47
Price Trends
50DMA
14.46
Negative
100DMA
11.80
Positive
200DMA
9.26
Positive
Market Momentum
MACD
-0.41
Positive
RSI
47.81
Neutral
STOCH
62.87
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2142, the sentiment is Positive. The current price of 13.47 is below the 20-day moving average (MA) of 13.73, below the 50-day MA of 14.46, and above the 200-day MA of 9.26, indicating a neutral trend. The MACD of -0.41 indicates Positive momentum. The RSI at 47.81 is Neutral, neither overbought nor oversold. The STOCH value of 62.87 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2142.

HBM Holdings Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
HK$11.53B45.1413.34%206.58%
HK$10.45B54.916.73%23.37%
$7.86B-0.30-43.30%2.27%22.53%-2.21%
HK$11.43B17.5335.80%59.70%239.97%
HK$9.18B-20.28-95.84%-55.64%-158.67%
HK$11.52B-55.06-21.42%240.05%-140.09%
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:2142
HBM Holdings Ltd.
13.47
12.27
1022.50%
HK:9966
Alphamab Oncology
11.50
7.63
197.16%
HK:2157
Lepu Biopharma Co. Ltd. Class H
6.35
3.27
106.17%
HK:2256
Abbisko Cayman Limited
14.56
10.20
233.94%
HK:2616
CStone Pharmaceuticals
6.26
4.21
205.37%
HK:6955
Shandong Boan Biotechnology Company., Limited. Class H
10.46
1.28
13.94%

HBM Holdings Ltd. Corporate Events

HBM Holdings Ltd. Announces Share Options and Awards Grant
Sep 10, 2025

HBM Holdings Ltd. announced the grant of share options and share awards to eligible participants under its existing schemes. The grants aim to provide employees with proprietary interests in the company, motivating them to enhance the company’s value. The options have a 10-year exercise period and vest over a period of four years, contingent on performance appraisals. This initiative is expected to align employee interests with those of shareholders, potentially improving the company’s market position.

The most recent analyst rating on (HK:2142) stock is a Buy with a HK$17.00 price target. To see the full list of analyst forecasts on HBM Holdings Ltd. stock, see the HK:2142 Stock Forecast page.

HBM Holdings Completes Successful Share Placement to Boost R&D and Innovation
Sep 5, 2025

HBM Holdings Ltd. announced the successful completion of a share placement, raising funds through the issuance of 45,022,000 new shares at HK$11.50 each, representing 5.17% of the company’s enlarged share capital. The proceeds will be used to enhance research and development, advance clinical activities, upgrade the company’s innovation platform, and support general corporate purposes, positioning the company for growth in the biotechnology sector.

The most recent analyst rating on (HK:2142) stock is a Buy with a HK$17.00 price target. To see the full list of analyst forecasts on HBM Holdings Ltd. stock, see the HK:2142 Stock Forecast page.

HBM Holdings Ltd. Grants Share Options and Awards to Employees
Sep 3, 2025

HBM Holdings Ltd. announced the grant of share options and awards to eligible employees under its existing schemes, aiming to motivate employees and align their interests with company growth. The grants, which are not subject to shareholder approval, include a vesting period tied to performance appraisals, with a clawback mechanism for specific circumstances, reflecting the company’s strategic focus on enhancing shareholder value.

The most recent analyst rating on (HK:2142) stock is a Buy with a HK$17.00 price target. To see the full list of analyst forecasts on HBM Holdings Ltd. stock, see the HK:2142 Stock Forecast page.

HBM Holdings Announces Share Placement to Raise HK$511.7 Million
Aug 28, 2025

HBM Holdings Limited, incorporated in the Cayman Islands, has announced a placing of new shares under a general mandate. The company has agreed to place 45,022,000 shares at a price of HK$11.50 per share, which represents various discounts and a slight premium compared to recent trading prices. This move is expected to raise gross proceeds of HK$517.8 million and net proceeds of HK$511.7 million, enhancing the company’s financial position. The placing is subject to certain conditions, and stakeholders are advised to exercise caution as the transaction may or may not proceed.

The most recent analyst rating on (HK:2142) stock is a Buy with a HK$17.00 price target. To see the full list of analyst forecasts on HBM Holdings Ltd. stock, see the HK:2142 Stock Forecast page.

HBM Holdings Reports Strong Revenue and Profit Growth in H1 2025
Aug 27, 2025

HBM Holdings Ltd. reported a significant increase in revenue for the first half of 2025, reaching $101.3 million compared to $23.7 million in the same period of 2024. The company’s profit surged to $73 million from $1.4 million, indicating strong operational performance and financial health. This growth is reflected in the substantial increase in cash and cash equivalents, as well as total assets, positioning HBM Holdings favorably in the market.

The most recent analyst rating on (HK:2142) stock is a Buy with a HK$17.00 price target. To see the full list of analyst forecasts on HBM Holdings Ltd. stock, see the HK:2142 Stock Forecast page.

HBM Holdings to Review Interim Results in Upcoming Board Meeting
Aug 15, 2025

HBM Holdings Limited, a company incorporated in the Cayman Islands, has announced that its Board of Directors will meet on August 27, 2025, to consider and approve the interim results for the first half of 2025. This meeting is significant as it will provide insights into the company’s financial performance and strategic direction, potentially impacting stakeholders’ perceptions and the company’s market positioning.

The most recent analyst rating on (HK:2142) stock is a Buy with a HK$17.00 price target. To see the full list of analyst forecasts on HBM Holdings Ltd. stock, see the HK:2142 Stock Forecast page.

HBM Holdings to Present Promising Cancer Therapy Data at ESMO 2025
Jul 30, 2025

HBM Holdings Ltd. announced that it will present Phase II clinical data for its anti-CTLA-4 antibody, porustobart (HBM4003), in combination with tislelizumab, at the ESMO Congress 2025. This presentation will highlight the efficacy and safety of the treatment for microsatellite stable metastatic colorectal cancer, potentially enhancing the company’s position in the oncology market.

HBM Holdings Projects Significant Profit Growth for First Half of 2025
Jul 28, 2025

HBM Holdings Ltd. has issued a positive profit alert, anticipating a significant profit increase for the first half of 2025, ranging between approximately US$68 million to US$74 million. This growth is primarily driven by strategic collaborations, including a partnership with AstraZeneca, and successful out-licensing and business development activities that have contributed to a stable revenue stream.

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.Date of analysis: Oct 28, 2025