Far East Horizon Limited (HK:3360)
:3360
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Far East Horizon Limited
(3360)
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Rating:54Neutral
Price Target:
HK$8.00
▲(0.13% Upside)
Action:ReiteratedDate: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
Sustained Profitability
The company has delivered consistently positive net margins (roughly 10–17%) across multiple years, indicating core underwriting and pricing disciplines. Sustained margins provide a buffer through cycles and support cash generation and dividend capacity, important for durable financial services franchises.
Negative Factors
Very High Leverage
A debt-to-equity ratio near 5x means the business is heavily funding growth with leverage, raising sensitivity to rising funding costs or credit stress. High leverage constrains strategic flexibility, elevates refinancing and covenant risks, and amplifies earnings volatility over months.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Profitability
The company has delivered consistently positive net margins (roughly 10–17%) across multiple years, indicating core underwriting and pricing disciplines. Sustained margins provide a buffer through cycles and support cash generation and dividend capacity, important for durable financial services franchises.
Read all positive factors
Far East Horizon Limited (3360) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$33.27B
Dividend Yield6.69%
Average Volume (3M)9.25M
Price to Earnings (P/E)8.5
Beta (1Y)0.47
Revenue Growth-1.77%
EPS Growth-24.74%
CountryHK
Employees19,171
SectorFinancial
Sector Strength70
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)0.53
Shares Outstanding4,803,120,600
10 Day Avg. Volume6,336,776
30 Day Avg. Volume9,245,007
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)0.62
Price to Sales (P/S)0.91
P/FCF Ratio-18.01
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$8.70Price Target Upside8.89% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)0.87
Revenue Forecast (FY)HK$36.93B
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, Lease and Advisory; and Industrial Operation and Management. T...
How the Company Makes Money
Far East Horizon Limited primarily generates earnings from its financial services platform. A core revenue stream is financial leasing, where the company earns (i) lease interest/finance income on lease receivables over the lease term, and (ii) fe...
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 | 3.79B | 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
7.50
Negative
7.69
Negative
7.42
Negative
Market Momentum
-0.15
Negative
43.61
Neutral
59.85
Neutral
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 7.22, above the 50-day MA of 7.50, and above the 200-day MA of 7.42, indicating a bearish trend. The MACD of -0.15 indicates Negative momentum. The RSI at 43.61 is Neutral, neither overbought nor oversold. The STOCH value of 59.85 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
79 Outperform | HK$680.00M | 7.26 | 6.53% | 5.46% | -24.04% | 60.24% | |
71 Outperform | HK$6.84B | 5.14 | 5.14% | 11.28% | 0.59% | -5.95% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | HK$1.37B | 4.31 | 8.51% | 7.43% | 1.11% | 3.98% | |
59 Neutral | HK$270.55M | 20.00 | 1.09% | ― | 8.77% | -76.88% | |
56 Neutral | HK$18.71B | 2.09 | 12.27% | 5.84% | 3.17% | 23.13% | |
54 Neutral | HK$33.27B | 8.52 | 7.50% | 6.69% | -1.77% | -24.74% |
* Financial Sector Average
HK:3360
Far East Horizon Limited
7.13
1.66
30.35%
HK:1606
China Development Bank Financial Leasing Co Ltd Class H
1.48
0.44
42.86%
HK:1563
International Alliance Financial Leasing Co., Ltd.
0.16
-0.01
-7.51%
HK:1577
Quanzhou Huixin Micro-credit Co., Ltd. Class H
1.00
0.19
23.46%
HK:1601
Zhongguancun Science-Tech Leasing Co. Ltd. Class H
0.85
0.14
19.72%
HK:1905
Haitong Unitrust International Financial Leasing Co., Ltd Class H
0.83
0.12
16.90%
Far East Horizon Limited Corporate Events
Far East Horizon Publishes Audited 2025 Annual Results and Report
Mar 11, 2026
Far East Horizon Limited has released its audited annual results for the year ended 31 December 2025, publishing the full text of its 2025 Annual Report in compliance with Hong Kong listing rules on preliminary annual results disclosure. The annou...
Far East Horizon declares HKD 0.31 final dividend for 2025 and sets key record dates
Mar 11, 2026
Far East Horizon Limited has declared a final ordinary dividend of HKD 0.31 per share for the financial year ended 31 December 2025, payable in Hong Kong dollars. The dividend underscores the company’s move to return cash to shareholders whi...
Far East Horizon Moves to Update Corporate Constitution for New Hong Kong Rules
Mar 11, 2026
Far East Horizon Limited plans to amend its memorandum and articles of association to reflect recent regulatory changes in Hong Kong, including the expanded paperless listing regime and updated Listing Rules. The move also aims to align the compan...
Far East Horizon Names New Company Secretary and Authorised Representative
Mar 11, 2026
Far East Horizon Limited has announced a change in key governance roles, with company secretary and authorised representative Ms. Yuen Wing Yan Winnie resigning effective 11 March 2026, after confirming no disagreement with the board or issues req...
Far East Horizon Announces Retirement of Non-Executive Director and Committee Chair
Mar 10, 2026
Far East Horizon Limited has announced a change in its board composition following the retirement of non-executive director Liu Haifeng David, whose term expired on 10 March 2026. Liu also stepped down as chairman and member of the board’s S...
Far East Horizon Outlines Board Composition and Governance Committees
Mar 10, 2026
Far East Horizon Limited has announced the current composition of its board of directors, led by Chairman and Chief Executive Officer Kong Fanxing, and including a mix of executive, non-executive and independent non-executive directors. The disclo...
Far East Horizon to Raise US$400 Million via New Medium-Term Note Drawdown
Jan 13, 2026
Far East Horizon Limited has executed a new US dollar-denominated debt drawdown under its existing US$4 billion medium term note and perpetual securities programme, further tapping international capital markets through a syndicate of global and re...
Far East Horizon Sets March Board Meeting to Approve 2025 Results and Consider Final Dividend
Jan 7, 2026
Far East Horizon Limited has scheduled a board meeting for 11 March 2026 to review and approve the group’s audited final results for the financial year ended 31 December 2025. At the same meeting, the board will consider recommending a final...
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.