Hengdeli Holdings Limited (HK:3389)
:3389
Top Page
Hengdeli Holdings
(3389)
Select Model
Select Model
Rating:50Neutral
Price Target:
HK$0.17
▲(20.00% Upside)
Action:DowngradedDate:01/28/26
The score is held down primarily by weak and volatile financial performance (recent losses, margin pressure, and unstable cash generation). Technicals are supportive due to the strong uptrend and positive MACD, but the extremely overbought RSI increases near-term risk. Valuation also detracts given the negative P/E and lack of dividend yield data.
Positive Factors
Balance Sheet Strength
A high equity ratio provides a durable financial buffer against luxury demand cyclicality, reducing refinancing risk and supporting working capital for inventory and stores. This stability enables longer-term strategic choices even while operating performance needs improvement.
Negative Factors
Profitability Pressure
Sustained margin compression and net losses undermine reinvestment capacity and ROE, pressuring the ability to maintain store footprint and service levels. If margins do not recover, the business model may require structural changes to restore profitability and investor confidence.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
A high equity ratio provides a durable financial buffer against luxury demand cyclicality, reducing refinancing risk and supporting working capital for inventory and stores. This stability enables longer-term strategic choices even while operating performance needs improvement.
Read all positive factors
Hengdeli Holdings (3389) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$783.92M
Dividend YieldN/A
Average Volume (3M)575.71K
Price to Earnings (P/E)4.4
Beta (1Y)0.22
Revenue Growth-41.44%
EPS Growth-209.76%
CountryHK
Employees1,289
SectorIndustrials
Sector Strength72
IndustryLuxury Goods
Share Statistics
EPS (TTM)-0.01
Shares Outstanding4,404,019,000
10 Day Avg. Volume652,960
30 Day Avg. Volume575,707
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)0.17
Price to Sales (P/S)0.52
P/FCF Ratio-4.28
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
Hengdeli Holdings Business Overview & Revenue Model
Company Description
Hengdeli Holdings Limited, together with its subsidiaries, retails and trades in watches and jewelry. It is also involved in the design, production, and decoration of commercial spaces. In addition, the company engages in the manufacture and sale ...
How the Company Makes Money
Hengdeli Holdings generates revenue through multiple key streams, primarily from the retail and wholesale of luxury watches. The company's retail operations include both direct sales through its branded stores and e-commerce platforms, where it of...
Hengdeli Holdings Financial Statement Overview
Summary
Income Statement
42
Neutral
Balance Sheet
65
Positive
Cash Flow
50
Neutral
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 777.51M | 1.04B | 1.42B | 1.04B | 877.99M | 1.22B |
| Gross Profit | 117.91M | 148.76M | 215.26M | 123.59M | 137.91M | -148.22M |
| EBITDA | -84.17M | -43.44M | 90.27M | -22.05M | 95.08M | -277.42M |
| Net Income | -36.35M | -65.16M | 33.88M | -80.02M | 26.28M | -383.08M |
Balance Sheet | ||||||
| Total Assets | 3.41B | 3.53B | 3.60B | 3.53B | 3.53B | 3.63B |
| Cash, Cash Equivalents and Short-Term Investments | 1.32B | 1.28B | 1.32B | 1.33B | 946.40M | 1.27B |
| Total Debt | 71.67M | 82.86M | 123.76M | 99.06M | 97.73M | 63.58M |
| Total Liabilities | 201.55M | 254.64M | 353.52M | 305.96M | 258.93M | 188.65M |
| Stockholders Equity | 3.14B | 3.21B | 3.19B | 3.16B | 3.20B | 3.37B |
Cash Flow | ||||||
| Free Cash Flow | 78.13M | -125.73M | -132.62M | 177.63M | -156.52M | 37.41M |
| Operating Cash Flow | 85.72M | -85.70M | 83.29M | 237.39M | -77.63M | 89.68M |
| Investing Cash Flow | 159.60M | 21.75M | -164.12M | 68.59M | -227.05M | 119.67M |
| Financing Cash Flow | -62.11M | -44.79M | -3.41M | -24.46M | -17.58M | -276.31M |
Hengdeli Holdings Technical Analysis
Neutral
0.14
Price Trends
0.18
Negative
0.16
Positive
0.14
Positive
Market Momentum
<0.01
Positive
45.75
Neutral
7.04
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3389, the sentiment is Neutral. The current price of 0.14 is below the 20-day moving average (MA) of 0.18, below the 50-day MA of 0.18, and above the 200-day MA of 0.14, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 45.75 is Neutral, neither overbought nor oversold. The STOCH value of 7.04 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:3389.
Hengdeli Holdings Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | HK$2.29B | 3.61 | 5.10% | 4.05% | 6.60% | -14.32% | |
72 Outperform | HK$2.42B | 3.36 | 5.92% | 7.71% | -7.48% | -16.11% | |
70 Outperform | HK$1.60B | 4.06 | 10.00% | 9.67% | -9.00% | -21.55% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
50 Neutral | HK$783.92M | 4.39 | -1.15% | ― | -41.44% | -209.76% | |
48 Neutral | HK$374.26M | -11.47 | -7.92% | ― | -18.07% | -1041.89% | |
46 Neutral | HK$70.00M | -0.48 | -10.19% | ― | -13.06% | -120.76% |
* Industrials Sector Average
HK:3389
Hengdeli Holdings
0.18
0.08
91.40%
HK:0256
Citychamp Watch & Jewellery Group
0.09
-0.28
-76.76%
HK:0113
Dickson Concepts (International)
6.27
2.04
48.33%
HK:0887
Emperor Watch & Jewellery
0.32
0.14
80.00%
HK:0398
Oriental Watch Holdings
3.29
0.38
12.98%
HK:0084
Stelux Holdings International Limited
0.07
>-0.01
-4.29%
Hengdeli Holdings Corporate Events
Empire Charm Lifts Hengdeli Stake to Over 80% as Cash Offer Closes
Jan 23, 2026
Empire Charm Limited’s voluntary unconditional general cash offer for Hengdeli Holdings Limited has closed, with valid acceptances received for approximately 995.7 million shares, representing about 22.61% of Hengdeli’s issued share ca...
Empire Charm Launches Unconditional Cash Offer for Remaining Hengdeli Shares
Jan 2, 2026
Empire Charm Limited has launched a voluntary, unconditional general cash offer to acquire all issued shares of Hengdeli Holdings Limited that it and Ms. Fung do not already own, with Guotai Junan Securities (Hong Kong) Limited and CMBC Securities...
Hengdeli Delays Dispatch of Takeover Composite Document to Early January
Dec 19, 2025
Empire Charm Limited and Hengdeli Holdings Limited have jointly announced an extension of the deadline for sending shareholders the composite offer document relating to Empire Charm’s voluntary unconditional general cash offer for all Hengde...
Hengdeli Holdings Updates CEO Compensation Details
Dec 9, 2025
Hengdeli Holdings Limited has issued a supplemental announcement regarding the emoluments of its Chief Executive Officer, Mr. Cheung Wing Lun Tony, for the years 2021, 2022, and 2023. The announcement provides detailed figures for Mr. Cheung’...
Empire Charm Limited’s Cash Offer for Hengdeli Holdings
Dec 1, 2025
Empire Charm Limited has made a voluntary unconditional general cash offer to acquire all issued shares of Hengdeli Holdings Limited, excluding those already owned by Empire Charm Limited and Ms. Fung. A clerical error was identified in the Chines...
Hengdeli Holdings Faces Unconditional Cash Offer by Empire Charm
Nov 28, 2025
Hengdeli Holdings Limited has announced a voluntary unconditional general cash offer by Empire Charm Limited, facilitated by GTJA Securities and CMBC Securities, to acquire all issued shares not already owned by Empire Charm Limited and Ms. Fung a...
Hengdeli Holdings Announces Trading Halt Pending Inside Information Release
Nov 26, 2025
Hengdeli Holdings Limited has announced a trading halt in its shares on the Hong Kong Stock Exchange effective from 9.00 a.m. on November 26, 2025. This suspension is pending the release of an announcement related to inside information and is in a...
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.