BOCOM International Holdings Co. Ltd. (3329) AI Stock Analysis

• Market Cap: HK$1.05B
• Dividend Yield: N/A
• Average Volume (3M): 2.63M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.80
• Revenue Growth: 22.37%
• EPS Growth: 20.18%
• Country: HK
• Employees: 541
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Conglomerates
• EPS (TTM): -0.10
• Shares Outstanding: 2,734,392,000
• 10 Day Avg. Volume: 3,222,775
• 30 Day Avg. Volume: 2,628,219
• PEG Ratio: 0.04
• Price to Book (P/B): 0.98
• Price to Sales (P/S): -2.64
• P/FCF Ratio: 0.86
• 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: 44 Neutral
• Price Target: HK$0.40 ▲(10.56% Upside)

The score is held down primarily by weak financial performance (multi-year losses, negative revenue in 2024, and very high leverage with eroding equity). Technicals are mixed with short-term stabilization but a broader downtrend and negative MACD. Valuation is also pressured by the negative P/E, reflecting ongoing losses.

Positive Factors

Positive cash generation

Sustained positive operating and free cash flow in 2023–2024 demonstrates the group's ability to generate internal liquidity despite accounting losses. Reliable cash generation supports near-term operations, regulatory capital needs and gives management flexibility to execute restructuring or invest selectively over the next several quarters.

Diversified financial services model

A diversified operating model across corporate finance, brokerage and asset/wealth management reduces reliance on any single revenue stream and smooths earnings across market cycles. Structural breadth supports recurring fee income, cross‑sell opportunities and more stable long‑term client relationships versus single‑product firms.

Top-line growth metric

Reported revenue growth suggests capacity to expand fees or trading volumes, which can precede margin recovery if sustained. Over a 2–6 month horizon, continued top‑line improvement would help rebuild earnings power, reduce reliance on balance‑sheet support and improve prospects for operational turnaround.

Negative Factors

Prolonged losses and negative 2024 revenue

Multi‑year net losses and reported negative revenue in 2024 reflect deep profitability erosion and likely structural issues in core activities. Continued operating losses shrink retained capital, limit reinvestment capacity and increase the likelihood of equity dilution or asset sales to restore financial stability in the medium term.

Very high leverage

Extremely elevated debt‑to‑equity (around 7–8x) materially constrains financial flexibility and amplifies downside risk. With a shrinking equity base, higher funding costs and covenant pressure could force deleveraging, asset disposals or capital raises that impair strategic options and increase execution risk over the coming months.

Volatile cash conversion and falling FCF

Cash flow volatility and the sharp drop in free cash flow in 2024 reduce the reliability of internally generated funding. Inconsistent cash conversion heightens refinancing and liquidity risk during stress periods and complicates consistent capital allocation, undermining confidence in sustained operational recovery.

BOCOM International Holdings Co. Ltd. Business Overview & Revenue Model

Company Description

BOCOM International Holdings Company Limited, an investment holding company, provides securities and related financial services in Hong Kong and Mainland China. It operates through Brokerage, Corporate Finance and Underwriting, Asset Management and Advisory, Margin Financing, Investment and Loans, and Others segments. The Brokerage segment trades in stocks, bonds, futures, options, and other marketable securities. The Corporate Finance and Underwriting segment offers corporate finance services, including equity and debt underwriting, sponsor services, and financial advisory services to institutional clients. The Asset Management and Advisory segment provides traditional asset management products and services to third party clients; and investment advisory, portfolio management, and transaction execution services. The Margin Financing segment offers securities-backed financial leverage for retail and institutional clients. The Investment and Loans segment engages in direct investment business, including investments in various debt and equity securities, investment in companies, and investment in loans. The company was formerly known as BOCOM Securities Company Limited and changed its name to BOCOM International Holdings Company Limited in May 2007. The company was incorporated in 1998 and is headquartered in Central, Hong Kong. BOCOM International Holdings Company Limited is a subsidiary of Bank of Communications Co., Ltd.

How the Company Makes Money

BOCOM International generates revenue primarily through its diverse financial services offerings. Key revenue streams include commission and fee income from its securities brokerage services, advisory fees from corporate finance activities such as underwriting and mergers and acquisitions, and management fees from its asset management operations. Additionally, the company earns interest income from its margin lending activities. Strategic partnerships with financial institutions and an extensive client network bolster its earnings by expanding its service reach and client base.

BOCOM International Holdings Co. Ltd. Financial Statement Overview

Summary

BOCOM International Holdings Co. Ltd. is facing significant financial challenges, with declining revenues, profitability, and cash flow stability. High leverage and reduced equity buffer increase financial risk. The company needs to address these issues to improve its financial health and return to profitability.

Income Statement

The company has experienced a significant decline in revenue and profitability over the past few years. Gross profit and net income have turned negative, indicating severe profitability issues. Revenue growth is negative, suggesting a challenging operating environment and potential market share losses.

Balance Sheet

The company has a high debt-to-equity ratio, indicating significant financial leverage. The equity ratio has been declining, reflecting reduced financial stability. However, cash reserves remain relatively healthy compared to short-term liabilities, providing some liquidity cushion.

Cash Flow

Cash flow from operations has been volatile, with a recent trend of negative free cash flow growth. The company has struggled to convert operating profits into cash, which poses risks for future investments and debt repayment.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	-291.54M	-326.04M	662.11M	818.92M	1.69B	2.20B
Gross Profit	-291.54M	-326.04M	-761.69M	670.27M	1.52B	2.04B
EBITDA	-494.17M	0.00	0.00	-1.75B	748.77M	1.48B
Net Income	-1.16B	-1.23B	-1.47B	-2.98B	262.42M	843.15M
Balance Sheet
Total Assets	16.81B	14.52B	18.21B	24.66B	32.66B	23.36B
Cash, Cash Equivalents and Short-Term Investments	1.75B	1.58B	1.30B	1.80B	1.85B	0.00
Total Debt	10.46B	6.78B	14.29B	18.49B	22.36B	13.82B
Total Liabilities	16.01B	13.63B	16.41B	21.99B	25.24B	15.58B
Stockholders Equity	801.49M	882.75M	1.80B	2.68B	6.81B	7.31B
Cash Flow
Free Cash Flow	-1.48B	1.01B	1.21B	-363.08M	2.79B	-262.58M
Operating Cash Flow	-1.47B	1.04B	1.25B	-292.87M	2.80B	-240.65M
Investing Cash Flow	199.74M	1.48B	2.61B	2.10B	-9.11B	2.10B
Financing Cash Flow	346.90M	-2.55B	-4.32B	-4.16B	7.84B	3.11B

BOCOM International Holdings Co. Ltd. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.36
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3329, the sentiment is Neutral. The current price of 0.36 is below the 20-day moving average (MA) of 0.37, below the 50-day MA of 0.41, and below the 200-day MA of 0.43, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 50.38 is Neutral, neither overbought nor oversold. The STOCH value of 44.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:3329.

BOCOM International Holdings Co. Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
6058	64 Neutral	HK$1.98B	26.05	2.32%	2.11%	20.05%	16.56%
1945	61 Neutral	HK$444.60M	95.48	0.78%	―	-21.71%	-75.78%
8029	52 Neutral	HK$352.90M	-8.64	―	―	-20.98%	-7.44%
0279	46 Neutral	HK$725.34M	-13.83	-499.08%	―	191.15%	-1.98%
3329	44 Neutral	HK$1.05B	-0.91	-99.49%	―	22.37%	20.18%
3623	44 Neutral	HK$643.28M	-17.11	-9.25%	―	-66.98%	-115.16%

BOCOM International Holdings Co. Ltd. Corporate Events

BOCOM International Executive Director Tan Yueheng to Step Down in 2026

BOCOM International Holdings has announced that executive director Tan Yueheng will resign from the board with effect from 1 January 2026 due to work adjustment, and will simultaneously step down from the board’s Strategy and Risk Management Committee. The company emphasized that Tan has no disagreement with the board and that there are no issues related to his departure requiring shareholder attention, suggesting the move is a routine management change rather than a signal of governance disputes, with the board expressing gratitude for his contributions during his tenure.

The most recent analyst rating on (HK:3329) stock is a Hold with a HK$0.34 price target. To see the full list of analyst forecasts on BOCOM International Holdings Co. Ltd. stock, see the HK:3329 Stock Forecast page.

BOCOM International Reshapes Board and Committees for 2026 Governance Structure

BOCOM International Holdings Company Limited has announced an updated composition of its board of directors effective 1 January 2026, confirming a structure that includes non-executive, executive and independent non-executive directors. Xiao Ting will continue to serve as chairman, with executive roles held by CEO Xie Jie and deputy CEO and chief risk officer Wang Xianjia, while independent oversight is provided by directors Ma Ning, Lin Zhijun and Pu Yonghao, who also take key positions across the strategy and risk management, audit, remuneration and nomination committees. The detailed allocation of committee chairmanships and memberships underscores the company’s focus on corporate governance, risk management and board-level oversight as it enters 2026, with potential implications for strategic decision-making and regulatory confidence among investors and other stakeholders.

The most recent analyst rating on (HK:3329) stock is a Hold with a HK$0.34 price target. To see the full list of analyst forecasts on BOCOM International Holdings Co. Ltd. stock, see the HK:3329 Stock Forecast page.

BOCOM International Announces Key Agreement Extensions Following Successful Voting at EGM

BOCOM International Holdings Co. Ltd. has announced the results of its Extraordinary General Meeting held on December 17, 2025, where three resolutions were approved, extending key agreements on property leasing, financial services, and financial technology services for another three years ending December 31, 2028. These approvals reflect the company’s forward-planning strategies and reinforce its operational commitments, likely strengthening its position in the financial services and technology integration arenas.

The most recent analyst rating on (HK:3329) stock is a Sell with a HK$6.21 price target. To see the full list of analyst forecasts on BOCOM International Holdings Co. Ltd. stock, see the HK:3329 Stock Forecast page.

BOCOM International Announces Renewal of Key Framework Agreements

BOCOM International Holdings Co. Ltd. has announced the renewal of its Property Leasing Framework Agreement and the introduction of new Continuing Connected Transactions (CCT) Framework Agreements. These agreements, subject to shareholder approval, will take effect from January 1, 2026, and are set to run until December 31, 2028, with automatic renewals every three years. The transactions under these agreements are significant as they involve BOCOM, the company’s controlling shareholder, and are classified as continuing connected transactions under Hong Kong’s Listing Rules. This move is expected to impact the company’s operations by ensuring compliance with regulatory requirements and securing long-term operational frameworks.

The most recent analyst rating on (HK:3329) stock is a Sell with a HK$6.21 price target. To see the full list of analyst forecasts on BOCOM International Holdings Co. Ltd. stock, see the HK:3329 Stock Forecast page.

BOCOM International Acquires Notes for Long-Term Investment

BOCOM International Holdings Co. Ltd. announced the acquisition of CCAMCL Note I and CCAMCL Note II, amounting to approximately US$10 million, through its wholly-owned subsidiary, Preferred Investment. These acquisitions are considered discloseable transactions under the Hong Kong Stock Exchange’s Listing Rules, as they fall within a specific percentage ratio range. The acquisitions are expected to provide long-term investment opportunities for the company, generating stable returns while efficiently utilizing capital resources.

The most recent analyst rating on (HK:3329) stock is a Sell with a HK$6.21 price target. To see the full list of analyst forecasts on BOCOM International Holdings Co. Ltd. stock, see the HK:3329 Stock Forecast page.

BOCOM International Approves Revised Annual Caps at EGM

BOCOM International Holdings Co. Ltd. announced the successful passing of a resolution at its extraordinary general meeting held on November 5, 2025. The resolution, which involved approving revised annual caps for revenue transactions related to securities brokerage, was passed with an overwhelming majority. This decision reflects the company’s strategic efforts to enhance its financial services framework, potentially impacting its market operations and stakeholder interests positively.

The most recent analyst rating on (HK:3329) stock is a Sell with a HK$6.21 price target. To see the full list of analyst forecasts on BOCOM International Holdings Co. Ltd. stock, see the HK:3329 Stock Forecast page.

BOCOM International Announces EGM to Discuss Financial Strategy Adjustments

BOCOM International Holdings Co. Ltd. has announced an extraordinary general meeting (EGM) scheduled for November 5, 2025, to discuss and approve the Proposed Revised Annual Caps related to revenue transactions under the Existing Financial Services Framework Agreement. This meeting highlights the company’s efforts to adapt its financial strategies and maintain compliance with regulatory requirements, potentially impacting its operational efficiency and stakeholder engagement.

The most recent analyst rating on (HK:3329) stock is a Sell with a HK$6.21 price target. To see the full list of analyst forecasts on BOCOM International Holdings Co. Ltd. stock, see the HK:3329 Stock Forecast page.