Far East Horizon Limited (HK:3360)
:3360
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Far East Horizon Limited
(3360)
Select Model
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Rating:54Neutral
Price Target:
HK$5.00
▼(-37.42% Downside)
Action:Reiterated
Date:03/12/26
The score is held back primarily by high leverage (~5.18x debt-to-equity), weakening earnings/revenue trends, and volatile cash generation (negative free cash flow in 2025). These risks are partly offset by attractive valuation (P/E 8.52) and a high dividend yield (~7.19%), though technical indicators currently point to soft momentum.
Positive Factors
Business model & recurring revenue
Far East Horizon’s core model—financial leasing, structured financing and advisory fees—generates recurring interest, fee and investment income. This contract-based revenue mix provides structural cashflow visibility and client stickiness versus transactional businesses, supporting medium-term earnings resilience.
Negative Factors
High leverage
Very high and rising leverage materially amplifies funding and credit risk. With debt ~5x equity, the company is more exposed to rising interest costs, refinancing needs and credit-cycle shocks, which can constrain capital flexibility, limit growth investments and pressure dividends over multiple quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Business model & recurring revenue
Far East Horizon’s core model—financial leasing, structured financing and advisory fees—generates recurring interest, fee and investment income. This contract-based revenue mix provides structural cashflow visibility and client stickiness versus transactional businesses, supporting medium-term earnings resilience.
Read all positive factors
Far East Horizon Limited (3360) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$23.94B
Dividend Yield6.69%
Average Volume (3M)9.25M
Price to Earnings (P/E)5.0
Beta (1Y)0.60
Revenue Growth-5.86%
EPS Growth-4.69%
CountryHK
Employees18,825
SectorFinancial
Sector Strength70
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)0.88
Shares Outstanding4,812,388,700
10 Day Avg. Volume6,336,776
30 Day Avg. Volume9,245,007
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)0.65
Price to Sales (P/S)0.95
P/FCF Ratio-18.77
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$9.51Price Target Upside19.02% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.88
Revenue Forecast (FY)HK$37.83B
Far East Horizon Limited Business Overview & Revenue Model
Company Description
Far East Horizon Limited, together with its subsidiaries, provides various financial services in Mainland China, Hong Kong, and internationally. It operates in two segments, Financial and advisory; and Industrial Operation segments. The company of...
How the Company Makes Money
Far East Horizon makes money primarily by earning income from financing activities and related services. Key revenue and earnings drivers typically include: (1) Financial leasing and financing: the company provides lease-based financing and other ...
Far East Horizon Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
38
Negative
Cash Flow
27
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 35.44B | 37.75B | 36.57B | 34.08B | 31.68B |
| Gross Profit | 18.58B | 15.80B | 16.96B | 34.08B | 31.68B |
| EBITDA | 21.29B | 11.30B | 12.01B | 14.45B | 12.35B |
| Net Income | 3.89B | 3.89B | 6.30B | 6.38B | 5.90B |
Balance Sheet | |||||
| Total Assets | 371.12B | 360.39B | 351.48B | 346.99B | 335.88B |
| Cash, Cash Equivalents and Short-Term Investments | 25.35B | 34.20B | 22.07B | 19.67B | 19.63B |
| Total Debt | 269.01B | 265.91B | 256.62B | 251.83B | 230.81B |
| Total Liabilities | 309.97B | 302.91B | 293.91B | 294.55B | 282.83B |
| Stockholders Equity | 51.96B | 48.99B | 51.67B | 48.33B | 49.04B |
Cash Flow | |||||
| Free Cash Flow | -1.79B | 1.55B | 1.17B | -11.64B | -25.33B |
| Operating Cash Flow | 1.15B | 9.97B | 3.73B | -7.69B | -14.87B |
| Investing Cash Flow | -1.45B | -3.54B | -2.40B | -1.77B | -9.85B |
| Financing Cash Flow | 1.58B | -5.60B | 1.59B | 9.61B | 28.52B |
Far East Horizon Limited Technical Analysis
Negative
7.99
Price Trends
6.89
Negative
7.04
Negative
7.10
Negative
Market Momentum
-0.50
Positive
18.11
Positive
6.76
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3360, the sentiment is Negative. The current price of 7.99 is above the 20-day moving average (MA) of 6.47, above the 50-day MA of 6.89, and above the 200-day MA of 7.10, indicating a bearish trend. The MACD of -0.50 indicates Positive momentum. The RSI at 18.11 is Positive, neither overbought nor oversold. The STOCH value of 6.76 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:3360.
Far East Horizon Limited Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | HK$5.93B | 5.51 | 5.13% | 11.28% | -17.62% | -3.54% | |
70 Outperform | HK$7.86B | 4.96 | 5.71% | 6.47% | 27.07% | 322.17% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | HK$1.28B | 4.06 | 8.51% | 7.43% | -2.69% | -8.21% | |
64 Neutral | HK$18.84B | 3.23 | 11.65% | 5.84% | -2.83% | 11.78% | |
54 Neutral | HK$23.94B | 5.05 | 7.55% | 6.69% | -5.86% | -4.69% | |
42 Neutral | HK$114.74M | -1.34 | -29.10% | ― | -5.72% | -6.26% |
* Financial Sector Average
HK:3360
Far East Horizon Limited
5.12
-1.19
-18.83%
HK:1606
China Development Bank Financial Leasing Co Ltd Class H
1.49
-0.15
-9.09%
HK:0086
Sun Hung Kai & Co. Limited
4.02
0.84
26.26%
HK:1601
Zhongguancun Science-Tech Leasing Co. Ltd. Class H
0.79
-0.07
-8.14%
HK:1905
Haitong Unitrust International Financial Leasing Co., Ltd Class H
0.72
-0.09
-11.33%
HK:0379
China Ever Grand Financial Leasing Group Co., Ltd.
0.07
<0.01
1.49%
Far East Horizon Limited Corporate Events
Far East Horizon Sets August Board Meeting to Approve Interim Results and Consider Dividend
Jun 24, 2026
Far East Horizon Limited has scheduled a board meeting for 5 August 2026 to review and approve the group’s interim results for the six months ended 30 June 2026. The board will also consider the declaration of an interim dividend, if any, an...
Far East Horizon Refreshes US$4 Billion Note and Perpetual Securities Programme
Jun 18, 2026
Far East Horizon Limited has updated its US$4 billion medium term note and perpetual securities programme, enabling the company to issue notes and perpetual securities in series up to the overall programme limit in multiple currencies. UBS has bee...
Far East Horizon Clarifies AGM Poll Results, Confirms HK$0.31 Final Dividend
Jun 15, 2026
Far East Horizon Limited has clarified the poll results from its annual general meeting held on 10 June 2026, confirming shareholder approval of a final dividend for the year ended 31 December 2025. The company reported that 3,690,766,042 votes, r...
Far East Horizon Wins Strong Shareholder Backing for Dividend, Mandates and Governance Changes
Jun 10, 2026
Far East Horizon Limited reported that all resolutions at its 10 June 2026 annual general meeting were passed by poll, including approval of the 2025 audited accounts and a final dividend of HK$0.31 per share. Shareholders also re-elected four dir...
Far East Horizon’s US$250 Million Convertible Bonds Fully Converted and Set for Delisting
Jun 5, 2026
Far East Horizon Limited announced that all outstanding U.S.$250 million zero coupon guaranteed convertible bonds due 2026, issued by Universe Trek Limited and guaranteed by the company, have been fully converted into ordinary shares. As a result,...
Far East Horizon Sets 2026 AGM, Seeks Fresh Capital Mandates
Apr 27, 2026
Far East Horizon Limited has called its annual general meeting for 10 June 2026 in Hong Kong, where shareholders will review the audited financial statements for the year ended 31 December 2025 and vote on a proposed final dividend of HK$0.31 per ...
Far East Horizon Posts Stable Q1 2026 Growth on Strong Financial Business
Apr 13, 2026
Far East Horizon Limited reported unaudited operating results for the first quarter of 2026 showing slightly higher operating income and profit attributable to ordinary shareholders year on year. Its financial business posted revenue and gross pro...
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.