ISP Holdings Limited (2340) AI Stock Analysis

• Market Cap: HK$130.00M
• Dividend Yield: N/A
• Average Volume (3M): 333.95K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.58
• Revenue Growth: -2.33%
• EPS Growth: -149.41%
• Country: HK
• Employees: 316
• Sector: Industrials
• Sector Strength: 72
• Industry: Real Estate - Services
• EPS (TTM): -0.04
• Shares Outstanding: 764,723,000
• 10 Day Avg. Volume: 326,223
• 30 Day Avg. Volume: 333,955
• PEG Ratio: -0.05
• Price to Book (P/B): 0.81
• Price to Sales (P/S): 1.15
• P/FCF Ratio: -2.82
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 42 Neutral
• Price Target: HK$0.00 ▼(-100.00% Downside)

ISP Holdings Limited's overall stock score is primarily impacted by its weak financial performance, characterized by declining revenues and negative cash flows. The technical analysis indicates bearish momentum, further weighing on the score. The valuation is unattractive due to the negative P/E ratio and lack of dividend yield, contributing to the low overall score.

Positive Factors

Low Debt Levels

A low debt-to-equity ratio indicates financial prudence, providing the company with flexibility to manage its finances and invest in growth opportunities without the burden of high-interest obligations.

Strategic Partnerships

Partnerships with technology and infrastructure firms can drive innovation and expand service offerings, strengthening competitive position and supporting long-term revenue growth.

Stable Equity Position

A stable equity position reflects a solid financial foundation, enabling the company to withstand economic fluctuations and invest in future growth initiatives.

Negative Factors

Declining Revenue

Consistent revenue decline indicates challenges in market competitiveness and customer retention, potentially impacting long-term financial sustainability and growth prospects.

Negative Cash Flow

Negative cash flow from operations suggests difficulty in generating sufficient cash to cover expenses, which can hinder the company's ability to invest in growth and maintain operations without external funding.

Operational Inefficiencies

Operational inefficiencies leading to negative margins indicate challenges in cost management and profitability, which can undermine the company's ability to compete effectively and achieve long-term success.

ISP Holdings Limited Business Overview & Revenue Model

Company Description

ISP Holdings Limited, an investment holding company, engages in property and facility management, interiors and special projects, and ancillary businesses in the People's Republic of China. The company provides property and facility management services to government, corporate clients, public institutions, and private clients. It manages a portfolio of approximately 93,000 residential units of residential, commercial, and industrial facilities. The company also provides asset management services, such as feasibility study, due diligence, market positioning, design consultancy, marketing and promotion, financial analysis, leasing, tenancy management, and operation management services. In addition, it offers alteration and addition, fitting-out, conservation, renovation, demolition, and construction works; curtain walling, cladding, and related products; and security guarding, and security systems, as well as technical support services. Further, the provides project management; laundry and cleaning; procurement, supply chain, and trading; repair and maintenance services for equipment; indoor cleaning services; and property agency services, as well as property management consultancy. The company was formerly known as Synergis Holdings Limited and changed its name to ISP Holdings Limited in January 2022. The company was founded in 1978 and is based in Kwun Tong, Hong Kong. ISP Holdings Limited is a subsidiary of Champ Key Holdings Limited.

How the Company Makes Money

ISP Holdings generates revenue primarily through its subscription-based internet services, where customers pay monthly fees for access to high-speed broadband and telecommunications services. Additionally, the company earns income from value-added services such as web hosting, cloud computing, and data storage solutions. Key revenue streams include residential subscriptions, business contracts, and partnerships with local enterprises to provide customized networking solutions. Strategic collaborations with technology providers and infrastructure developers further enhance ISP Holdings' market reach, contributing to its overall financial performance.

ISP Holdings Limited Financial Statement Overview

Summary

ISP Holdings Limited is facing significant financial challenges, with declining revenues, persistent losses, and negative cash flows. While the company maintains a low debt-to-equity ratio, indicating limited leverage, the overall financial health is concerning due to operational inefficiencies and cash flow issues.

Income Statement

ISP Holdings Limited has experienced a significant decline in revenue over the past few years, with a sharp drop from 2019 to 2024. The gross profit margin has also decreased, indicating reduced profitability. The company has been operating at a net loss for several years, with negative EBIT and EBITDA margins, highlighting operational inefficiencies and challenges in maintaining profitability.

Balance Sheet

The balance sheet shows a relatively stable equity position, with stockholders' equity remaining positive. The debt-to-equity ratio is low, suggesting limited leverage, which is a positive aspect. However, the declining total assets and equity over the years indicate potential challenges in asset management and growth.

Cash Flow

The cash flow statement reveals consistent negative operating cash flow, indicating challenges in generating cash from operations. The free cash flow has also been negative, reflecting ongoing cash outflows exceeding inflows. This trend raises concerns about the company's ability to sustain operations without external financing.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	120.19M	105.49M	154.72M	224.92M	430.65M	385.60M
Gross Profit	10.97M	9.30M	13.10M	22.66M	17.50M	-34.50M
EBITDA	-52.36M	-31.31M	-12.72M	1.57M	-6.87M	-75.77M
Net Income	-45.69M	-33.54M	-15.24M	436.74M	19.61M	14.21M
Balance Sheet
Total Assets	285.22M	297.56M	348.60M	424.31M	521.96M	628.20M
Cash, Cash Equivalents and Short-Term Investments	120.43M	47.61M	94.64M	201.60M	82.66M	205.08M
Total Debt	1.46M	1.05M	1.50M	1.11M	2.75M	114.94M
Total Liabilities	147.16M	147.25M	164.17M	224.12M	356.99M	482.72M
Stockholders Equity	138.06M	150.31M	184.43M	200.20M	164.98M	145.48M
Cash Flow
Free Cash Flow	-42.20M	-43.11M	-24.52M	-16.44M	-7.90M	163.34M
Operating Cash Flow	-42.19M	-42.49M	-24.43M	-16.25M	-6.70M	166.85M
Investing Cash Flow	12.58M	-1.67M	-58.07M	481.16M	8.32M	-2.49M
Financing Cash Flow	8.07M	-1.90M	-2.16M	-401.27M	-115.35M	-77.87M

ISP Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.17
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2340, the sentiment is Positive. The current price of 0.17 is above the 20-day moving average (MA) of 0.17, above the 50-day MA of 0.17, and above the 200-day MA of 0.16, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 51.57 is Neutral, neither overbought nor oversold. The STOCH value of 45.69 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2340.

ISP Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2146	69 Neutral	HK$117.50M	3.90	5.00%	―	0.75%	-6.96%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
0499	52 Neutral	HK$126.82M	-3.96	-10.84%	―	-6.81%	-23.46%
6958	48 Neutral	HK$118.28M	-0.48	-24.03%	―	-0.04%	-104.98%
0183	45 Neutral	HK$100.91M	-1.52	-4.91%	―	30.19%	72.49%
2340	42 Neutral	HK$130.00M	-2.02	-29.30%	―	-2.33%	-149.41%

ISP Holdings Limited Corporate Events

ISP Holdings Limited Forms ESG Committee to Enhance Sustainability Practices

ISP Holdings Limited has announced the establishment of an Environmental, Social, and Governance (ESG) Committee effective from December 12, 2025. This committee will oversee the company’s ESG practices, including the formulation and implementation of related strategies and policies. The committee is chaired by Mr. Kingston Chu Chun Ho, an Executive Director, and aims to strengthen the company’s commitment to ESG issues, potentially impacting its operations and industry positioning positively.

The most recent analyst rating on (HK:2340) stock is a Hold with a HK$0.17 price target. To see the full list of analyst forecasts on ISP Holdings Limited stock, see the HK:2340 Stock Forecast page.

ISP Holdings Limited Announces Board Composition and Roles

ISP Holdings Limited, a company incorporated in Bermuda, has announced the current composition of its board of directors and their respective roles within the company. The board consists of executive, non-executive, and independent non-executive directors, each serving on various committees such as Audit, Remuneration, Nomination, Investment, and Environmental, Social and Governance. This announcement provides clarity on the governance structure of ISP Holdings Limited, potentially impacting its strategic decisions and stakeholder relations.

The most recent analyst rating on (HK:2340) stock is a Hold with a HK$0.17 price target. To see the full list of analyst forecasts on ISP Holdings Limited stock, see the HK:2340 Stock Forecast page.

ISP Holdings Limited Forms ESG Committee to Boost Sustainability

ISP Holdings Limited has established an Environmental, Social, and Governance (ESG) Committee to enhance its sustainability strategies and manage ESG performance. This move is expected to strengthen the company’s commitment to sustainable development and improve its industry positioning by addressing ESG risks and implementing comprehensive ESG activities.

The most recent analyst rating on (HK:2340) stock is a Hold with a HK$0.17 price target. To see the full list of analyst forecasts on ISP Holdings Limited stock, see the HK:2340 Stock Forecast page.

ISP Holdings Completes HK$16.87 Million Share Placing

ISP Holdings Limited has successfully completed the placing of 127,448,000 new shares under a general mandate, raising approximately HK$16.87 million in net proceeds. The funds will be used for professional fees and general working capital, with no substantial change in the company’s shareholder structure as a result of the placing.

ISP Holdings Updates Executive Compensation Details

ISP Holdings Limited has issued a supplemental announcement regarding the emoluments of its key executives as disclosed in its annual reports for the years 2019 to 2024. The announcement details the remuneration of Mr. CHAN Tat Wai, Mr. TSE Chi Chiu, and Ms. LEUNG Yuet Ngor, highlighting changes in their roles and responsibilities within the company. This update provides stakeholders with a clearer understanding of the company’s executive compensation structure and ensures compliance with the listing rules of the Hong Kong Stock Exchange.