ISP Holdings Limited (HK:2340)
:2340
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ISP Holdings Limited
(2340)
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Rating:46Neutral
Price Target:
HK$0.16
▼(-3.53% Downside)
Action:ReiteratedDate:04/23/26
The score is held down primarily by weak financial performance—ongoing losses and multi-year cash burn—despite a low-leverage balance sheet. Technicals are neutral with slight positive momentum, while valuation remains constrained by negative earnings and no stated dividend yield.
Positive Factors
Low leverage / strong balance-sheet flexibility
Very low debt keeps interest burden minimal and preserves financing optionality over the medium term. That balance-sheet flexibility supports continued operations during revenue volatility, enables opportunistic funding or M&A, and reduces bankruptcy risk while losses persist.
Negative Factors
Multi-year negative cash generation
Sustained cash burn over multiple years creates persistent funding needs and raises dilution or refinancing risk. It limits capacity to invest in growth or improve margins and makes the firm's strategy dependent on external financing or asset disposals.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance-sheet flexibility
Very low debt keeps interest burden minimal and preserves financing optionality over the medium term. That balance-sheet flexibility supports continued operations during revenue volatility, enables opportunistic funding or M&A, and reduces bankruptcy risk while losses persist.
Read all positive factors
ISP Holdings Limited (2340) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$118.53M
Dividend YieldN/A
Average Volume (3M)333.95K
Price to Earnings (P/E)―
Beta (1Y)0.55
Revenue Growth45.49%
EPS Growth-23.78%
CountryHK
Employees316
SectorIndustrials
Sector Strength72
IndustryReal Estate - Services
Share Statistics
EPS (TTM)-0.04
Shares Outstanding764,723,000
10 Day Avg. Volume326,223
30 Day Avg. Volume333,955
Financial Highlights & Ratios
PEG Ratio-0.09
Price to Book (P/B)0.80
Price to Sales (P/S)0.67
P/FCF Ratio-2.24
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
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 ser...
ISP Holdings Limited Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
66
Positive
Cash Flow
18
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 153.48M | 105.49M | 154.72M | 224.92M | 430.65M |
| Gross Profit | 20.63M | 9.30M | 13.10M | 22.66M | 17.50M |
| EBITDA | -57.57M | -31.31M | -12.72M | 1.57M | -6.87M |
| Net Income | -48.96M | -33.54M | -15.24M | 436.74M | 19.61M |
Balance Sheet | |||||
| Total Assets | 271.99M | 297.56M | 348.60M | 424.31M | 521.96M |
| Cash, Cash Equivalents and Short-Term Investments | 113.57M | 47.61M | 94.64M | 201.60M | 82.66M |
| Total Debt | 1.16M | 1.05M | 1.50M | 1.11M | 2.75M |
| Total Liabilities | 143.07M | 147.25M | 164.17M | 224.12M | 356.99M |
| Stockholders Equity | 128.92M | 150.31M | 184.43M | 200.20M | 164.98M |
Cash Flow | |||||
| Free Cash Flow | -46.20M | -43.11M | -24.52M | -16.44M | -7.90M |
| Operating Cash Flow | -46.19M | -42.49M | -24.43M | -16.25M | -6.70M |
| Investing Cash Flow | 16.31M | -1.67M | -58.07M | 481.16M | 8.32M |
| Financing Cash Flow | 25.07M | -1.90M | -2.16M | -401.27M | -115.35M |
ISP Holdings Limited Technical Analysis
Positive
0.17
Price Trends
0.17
Positive
0.17
Positive
0.17
Positive
Market Momentum
<0.01
Negative
51.84
Neutral
93.67
Negative
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 equal to the 20-day moving average (MA) of 0.17, above the 50-day MA of 0.17, and above the 200-day MA of 0.17, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 51.84 is Neutral, neither overbought nor oversold. The STOCH value of 93.67 is Negative, 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
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | HK$108.10M | 4.33 | 4.90% | ― | -2.52% | -1.40% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
52 Neutral | HK$208.70M | -2.75 | -16.44% | ― | -31.82% | -26.93% | |
49 Neutral | HK$90.71M | -0.69 | -3.74% | ― | 106.94% | 72.57% | |
48 Neutral | HK$114.12M | -0.45 | -27.25% | ― | -4.58% | 1.46% | |
46 Neutral | HK$118.53M | -2.11 | -36.68% | ― | 45.49% | -23.78% |
* Industrials Sector Average
HK:2340
ISP Holdings Limited
0.16
0.03
23.02%
HK:0183
Winfull Group Holdings Limited
0.16
0.02
11.11%
HK:2146
Roiserv Lifestyle Services Co. Ltd. Class H
1.15
-0.27
-19.01%
HK:0499
Qingdao Holdings International Limited
0.21
0.11
106.93%
HK:6958
Zhenro Services Group Limited
0.11
-0.02
-12.70%
ISP Holdings Limited Corporate Events
ISP Holdings Sets 2026 AGM, Seeks Fresh Share Issue Mandate
Apr 17, 2026
ISP Holdings Limited has called its annual general meeting for 29 May 2026 in Hong Kong, where shareholders will review and adopt the audited consolidated financial statements for the year ended 31 December 2025 and related directors’ and au...
ISP Holdings Calls Special Meeting on Connected Deals, New Option Plan and Bye-law Overhaul
Apr 17, 2026
ISP Holdings Limited has called a special general meeting for 15 May 2026 in Hong Kong to seek independent shareholders’ approval for continuing connected transactions under a new 2026 ISP Works Master Agreement with Mrs. Chu Yuet Wah. The b...
ISP Holdings Moves to Adopt New Bye-Laws Allowing Hybrid Meetings and Treasury Shares
Apr 15, 2026
ISP Holdings Limited plans to replace its existing bye-laws with a new set to align with recent changes to Hong Kong listing requirements and modernize its corporate governance framework. The revisions will enable hybrid general meetings with elec...
ISP Holdings Widens Annual Loss Despite Strong Revenue Growth in 2025
Mar 23, 2026
ISP Holdings Limited, a Bermuda-incorporated company listed on the Hong Kong Stock Exchange, reported a substantial increase in revenue to HK$153.5 million for 2025 from HK$105.5 million in 2024, leading to a rise in gross profit to HK$20.6 millio...
ISP Holdings Further Delays Circular on Connected Transactions
Mar 20, 2026
ISP Holdings Limited, incorporated in Bermuda and listed in Hong Kong, operates under a governance structure that includes executive, non-executive and independent non-executive directors, reflecting standard practices for listed companies subject...
ISP Holdings Sets March Board Meeting to Approve 2025 Results and Mull Final Dividend
Mar 10, 2026
ISP Holdings Limited has scheduled a board meeting for 23 March 2026 to review and approve the audited final results of the company and its subsidiaries for the financial year ended 31 December 2025. The board will also consider whether to recomme...
ISP Holdings warns of wider 2025 loss despite strong revenue and profit rebound
Mar 10, 2026
ISP Holdings Limited has flagged a wider annual loss for 2025 despite a strong rebound in business volumes, with revenue expected to rise about 45% to 50% and gross profit to more than double from a year earlier. The higher loss, estimated at HK$4...
ISP Holdings Delays Circular on Renewal of Connected Transactions
Feb 13, 2026
ISP Holdings Limited has postponed the planned despatch date of a shareholder circular regarding the renewal of its continuing connected transactions under the 2026 ISP Works Master Agreement. The circular, which will include details of the agreem...
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.