Hengdeli Holdings Limited (HK:3389)
:3389
Want to see HK:3389 full AI Analyst Report?
Top Page
Hengdeli Holdings
(3389)
Select Model
Select Model
Rating:53Neutral
Price Target:
HK$0.22
▲(57.14% Upside)
Action:Reiterated
Date:05/09/26
The score is held back primarily by deteriorating fundamentals (shrinking revenue and continued losses), despite a low-leverage balance sheet and improved 2025 cash flow. Technically, the stock is in an uptrend but looks overbought (RSI ~83), adding near-term risk. Valuation is difficult to support while earnings remain negative and no dividend yield is provided.
Positive Factors
Conservative balance sheet
Very low leverage (debt-to-equity ~2–4%) materially reduces financial risk and gives management flexibility. Over 2–6 months this supports working-capital financing, limits refinancing pressure, and preserves optionality for restructuring, inventory or selective investment despite weak earnings.
Negative Factors
Sharp revenue decline
A ~19% revenue drop in 2025 signals weakening top-line momentum and reduces scale benefits. Persistent revenue contraction undermines margin recovery, hinders efficient inventory turnover, and forces difficult cost cuts; if the decline continues it threatens long-term viability of current store footprint.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low leverage (debt-to-equity ~2–4%) materially reduces financial risk and gives management flexibility. Over 2–6 months this supports working-capital financing, limits refinancing pressure, and preserves optionality for restructuring, inventory or selective investment despite weak earnings.
Read all positive factors
Hengdeli Holdings (3389) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$955.67M
Dividend YieldN/A
Average Volume (3M)575.71K
Price to Earnings (P/E)―
Beta (1Y)0.39
Revenue Growth-37.78%
EPS Growth57.76%
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 Ratio0.35
Price to Book (P/B)0.18
Price to Sales (P/S)0.85
P/FCF Ratio4.98
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, alongside its associated companies, primarily operates in the retail and wholesale markets for watches and fine jewelry. The group also undertakes the design, production, and fitting out of commercial spaces. Additionall...
How the Company Makes Money
null...
Hengdeli Holdings Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
78
Positive
Cash Flow
63
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 648.95M | 1.04B | 1.42B | 1.04B | 877.99M |
| Gross Profit | 163.55M | 148.76M | 215.26M | 123.59M | 137.91M |
| EBITDA | -59.06M | -43.44M | 90.27M | -22.05M | 95.08M |
| Net Income | -26.90M | -65.16M | 33.88M | -80.02M | 26.28M |
Balance Sheet | |||||
| Total Assets | 3.35B | 3.53B | 3.60B | 3.53B | 3.53B |
| Cash, Cash Equivalents and Short-Term Investments | 1.33B | 1.28B | 1.32B | 1.33B | 946.40M |
| Total Debt | 66.44M | 82.86M | 123.76M | 99.06M | 97.73M |
| Total Liabilities | 243.26M | 254.64M | 353.52M | 305.96M | 258.93M |
| Stockholders Equity | 3.03B | 3.21B | 3.19B | 3.16B | 3.20B |
Cash Flow | |||||
| Free Cash Flow | 110.50M | -125.73M | -132.62M | 177.63M | -156.52M |
| Operating Cash Flow | 127.72M | -85.70M | 83.29M | 237.39M | -77.63M |
| Investing Cash Flow | 262.67M | 21.75M | -164.12M | 68.59M | -227.05M |
| Financing Cash Flow | -21.96M | -44.79M | -3.41M | -24.46M | -17.58M |
Hengdeli Holdings Technical Analysis
Neutral
0.14
Price Trends
0.22
Negative
0.20
Positive
0.16
Positive
Market Momentum
>-0.01
Positive
39.74
Neutral
19.09
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 0.25, below the 50-day MA of 0.22, and below the 200-day MA of 0.16, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 39.74 is Neutral, neither overbought nor oversold. The STOCH value of 19.09 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$1.76B | 3.82 | 5.10% | 4.05% | 10.23% | 66.75% | |
72 Outperform | HK$2.41B | 9.68 | 5.92% | 7.71% | 3.51% | 27.91% | |
70 Outperform | HK$1.59B | 8.82 | 10.00% | 9.67% | -0.78% | -10.18% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
53 Neutral | HK$955.67M | -30.67 | -1.15% | ― | -37.78% | 57.76% | |
46 Neutral | HK$65.82M | -0.71 | -10.07% | ― | -13.06% | -120.76% | |
44 Neutral | HK$282.87M | -1.33 | -7.92% | ― | -17.82% | 16.27% |
* Industrials Sector Average
HK:3389
Hengdeli Holdings
0.22
0.12
114.85%
HK:0256
Citychamp Watch & Jewellery Group
0.07
-0.40
-85.87%
HK:0113
Dickson Concepts (International)
6.24
-0.27
-4.09%
HK:0887
Emperor Watch & Jewellery
0.24
-0.26
-51.30%
HK:0398
Oriental Watch Holdings
3.26
0.18
5.74%
HK:0084
Stelux Holdings International Limited
0.06
>-0.01
-10.00%
Hengdeli Holdings Corporate Events
Hengdeli Shareholders Unanimously Back All Resolutions at 2026 AGM
May 15, 2026
Hengdeli Holdings reported that all resolutions proposed at its 15 May 2026 annual general meeting were approved by shareholders through a poll, with 100% of votes cast in favour on each motion. The meeting received and adopted the 2025 audited fi...
Hengdeli Renews Connected Services Deal With Primetime, Sets RMB20 Million Cap for 2026
Apr 17, 2026
Hengdeli Holdings has renewed its framework arrangement with Primetime Group for the provision of shop design and decoration services, entering a 2026 Renewal Agreement that extends the relationship for one year from 1 January 2026 on substantiall...
Hengdeli Sets 2026 AGM, Seeks Renewal of Share Issuance Mandate
Apr 17, 2026
Hengdeli Holdings Limited has called its annual general meeting for 15 May 2026 in Hong Kong, where shareholders will review the audited financial statements for the year ended 31 December 2025 and receive the reports of the directors and auditors...
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.