Solis Holdings Ltd. (HK:2227)
:2227
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Solis Holdings Ltd.
(2227)
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Rating:67Neutral
Price Target:
HK$0.33
▲(103.75% Upside)
Action:Reiterated
Date:05/07/26
The score is led by strong technical momentum (price above all key moving averages and positive MACD) and a very low P/E, but capped by uneven fundamentals—volatile revenue, weak underlying operating profitability, and inconsistent cash flow that make the 2025 earnings surge less reliable.
Positive Factors
Balance Sheet Strength
A conservatively financed balance sheet with low leverage and modest debt relative to equity provides durable financial flexibility. This reduces refinancing and solvency risk during project cycles, supports bidding on large contracts, and allows management to fund capex or absorb shocks without forcing asset sales or dilutive financing.
Negative Factors
Revenue Volatility
Material swings in revenue undermine predictability of cash flows and make capacity planning and contract pipelines harder to rely upon. For an engineering and construction firm, volatile top-line trends suggest uneven project wins or execution timing, which can erode margins, raise working capital needs, and complicate multi-year backlog forecasting.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
A conservatively financed balance sheet with low leverage and modest debt relative to equity provides durable financial flexibility. This reduces refinancing and solvency risk during project cycles, supports bidding on large contracts, and allows management to fund capex or absorb shocks without forcing asset sales or dilutive financing.
Read all positive factors
Solis Holdings Ltd. (2227) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$279.26M
Dividend YieldN/A
Average Volume (3M)347.20K
Price to Earnings (P/E)0.5
Beta (1Y)0.06
Revenue Growth-5.36%
EPS Growth1411.54%
CountryHK
Employees153
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.01
Shares Outstanding915,600,000
10 Day Avg. Volume167,200
30 Day Avg. Volume347,200
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.31
Price to Sales (P/S)1.21
P/FCF Ratio7.03
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
Solis Holdings Ltd. Business Overview & Revenue Model
Company Description
Solis Holdings Limited, an investment holding company, operates as a design and build mechanical and electrical engineering contractor in Singapore. The company undertakes installation works of electrical-based systems, such as lightings, switchge...
Solis Holdings Ltd. Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
74
Positive
Cash Flow
49
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 18.22M | 19.93M | 18.81M | 13.69M | 14.64M |
| Gross Profit | 3.47M | 1.91M | 3.05M | 2.09M | 3.03M |
| EBITDA | -4.74M | 2.11M | 1.74M | -164.00K | -3.58M |
| Net Income | 11.77M | 811.00K | -6.00K | -911.00K | -4.00M |
Balance Sheet | |||||
| Total Assets | 106.28M | 73.20M | 70.10M | 69.42M | 56.50M |
| Cash, Cash Equivalents and Short-Term Investments | 33.14M | 4.98M | 13.81M | 24.19M | 14.20M |
| Total Debt | 5.29M | 5.39M | 5.68M | 6.14M | 0.00 |
| Total Liabilities | 34.56M | 21.68M | 20.93M | 21.12M | 7.65M |
| Stockholders Equity | 71.72M | 51.53M | 49.17M | 48.30M | 48.86M |
Cash Flow | |||||
| Free Cash Flow | 3.14M | -4.37M | -6.89M | -10.43M | -2.25M |
| Operating Cash Flow | 7.50M | -2.40M | 3.01M | -221.00K | -1.63M |
| Investing Cash Flow | -3.51M | -6.28M | -10.58M | -1.38M | -994.00K |
| Financing Cash Flow | -299.67K | -539.00K | -711.00K | 5.34M | 0.00 |
Solis Holdings Ltd. Technical Analysis
Positive
0.16
Price Trends
0.27
Positive
0.23
Positive
0.17
Positive
Market Momentum
<0.01
Positive
51.22
Neutral
16.67
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2227, the sentiment is Positive. The current price of 0.16 is below the 20-day moving average (MA) of 0.31, below the 50-day MA of 0.27, and below the 200-day MA of 0.17, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 51.22 is Neutral, neither overbought nor oversold. The STOCH value of 16.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2227.
Solis Holdings Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | HK$279.26M | 0.54 | 19.08% | ― | -5.36% | 1411.54% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | HK$302.67M | -2.26 | 5.84% | ― | -9.16% | ― | |
47 Neutral | HK$70.56M | -5.35 | -9.80% | ― | 3.97% | 14.02% | |
40 Underperform | HK$526.42M | -18.14 | -85.48% | ― | -25.64% | -2435.00% |
* Industrials Sector Average
HK:2227
Solis Holdings Ltd.
0.31
0.23
296.10%
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C Cheng Holdings Ltd.
0.70
0.50
250.00%
HK:1707
Geotech Holdings Ltd.
0.04
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HK:1751
Kingland Group Holdings Limited
1.36
1.01
285.27%
Solis Holdings Ltd. Corporate Events
Solis Holdings Sets 2026 AGM to Approve Accounts, Board Mandates and Share Issue Authority
Apr 30, 2026
Solis Holdings Limited has called its annual general meeting for 5 June 2026 in Singapore to present the audited financial statements for the year ended 31 December 2025 and to consider the re-election of executive director Mr. Tay Yong Hua and in...
Solis Holdings Deploys Internal Funds Into Seatrium-Backed Bond
Apr 22, 2026
Solis Holdings has purchased a Singapore dollar–denominated bond issued by Seatrium Financial Services for S$2.50375 million, equivalent to about HK$15.4 million, using its internal resources. The bond, guaranteed by Seatrium Limited, carrie...
Solis Holdings Swings to Strong Profit Despite Revenue Decline in 2025
Mar 30, 2026
Solis Holdings Ltd. reported a 7.0% decline in revenue to S$18.5 million for 2025, but gross profit jumped 84.2% to S$3.5 million as cost of services fell significantly. The board maintained its stance of not recommending a final dividend for 2025...
Solis Holdings Seeks Second Waiver on Delayed Major-Transaction Circular
Mar 26, 2026
Solis Holdings Limited has applied for a further waiver from strict compliance with Hong Kong Listing Rule 14.41(a), after previously receiving an extension to dispatch a shareholder circular related to a major transaction involving the grant of a...
Solis Holdings Buys Perpetual Bond to Diversify Investment Portfolio
Mar 20, 2026
Solis Holdings has acquired a perpetual bond issued by Singapore-listed Hotel Properties Limited for S$1,000,500, funded from internal resources, as part of its strategy to generate stable returns within an acceptable risk level. The transaction, ...
Solis Holdings Sets March Board Meeting to Approve 2025 Results and Mull Dividend
Mar 17, 2026
Solis Holdings Limited has scheduled a board meeting for 30 March 2026 in Singapore to review and approve its consolidated annual results for the financial year ended 31 December 2025. The board will also consider recommending a final dividend, a ...
Solis Holdings Wins Time Extension for Major Disposal Circular
Mar 12, 2026
Solis Holdings has obtained a waiver from strict compliance with Hong Kong Listing Rule 14.41(a), allowing more time to dispatch a shareholder circular for its major transaction involving an option for the disposal of a property. The additional ti...
Solis Holdings Seeks Waiver as Property Disposal Circular Faces Delay
Feb 26, 2026
Solis Holdings Limited has announced a delay in sending a shareholder circular related to a major transaction involving the grant of an option for the disposal of a property. The company had originally expected to dispatch the circular by 26 Febru...
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.