Legend Holdings Corporation Class H (HK:3396)
:3396
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Legend Holdings Corporation Class H
(3396)
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Rating:49Neutral
Price Target:
HK$10.00
▲(11.61% Upside)
Action:ReiteratedDate:04/10/26
The score is primarily weighed down by weak financial quality—especially 2025 negative operating/free cash flow and high leverage—despite improving revenue and profitability. Technicals are mixed with a weaker longer-term trend and negative MACD. Valuation is a relative positive due to the very low P/E, but it does not fully offset balance-sheet and cash-flow risk.
Positive Factors
Diversified holding model
Legend's diversified investment-holding model spreads operational exposure across IT distribution, consumer-facing services and other industries. That structural diversification smooths revenue volatility, enables internal capital allocation and cross-portfolio synergies, supporting resilience over months.
Negative Factors
High leverage
Sustained elevated leverage constrains financial flexibility and raises refinancing and interest-rate sensitivity. With debt-to-equity near multi-year highs and increasing debt in 2025, the firm faces structural risk servicing obligations and reduced headroom for strategic investments without deleveraging.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified holding model
Legend's diversified investment-holding model spreads operational exposure across IT distribution, consumer-facing services and other industries. That structural diversification smooths revenue volatility, enables internal capital allocation and cross-portfolio synergies, supporting resilience over months.
Read all positive factors
Legend Holdings Corporation Class H (3396) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$23.70B
Dividend YieldN/A
Average Volume (3M)2.87M
Price to Earnings (P/E)1.8
Beta (1Y)1.45
Revenue Growth18.26%
EPS Growth690.92%
CountryHK
Employees88,172
SectorTechnology
Sector Strength88
IndustryComputer Hardware
Share Statistics
EPS (TTM)0.17
Shares Outstanding1,271,854,000
10 Day Avg. Volume3,134,629
30 Day Avg. Volume2,867,511
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)0.34
Price to Sales (P/S)0.03
P/FCF Ratio-1.08
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$10.45Price Target Upside16.57% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.9
Revenue Forecast (FY)HK$647.20B
Legend Holdings Corporation Class H Business Overview & Revenue Model
Company Description
Legend Holdings Corporation, together with its subsidiaries, operates in the industrial operations, and industrial incubations and investments business in the People's Republic of China and internationally. The Industrial Operations segment provid...
How the Company Makes Money
Legend Holdings primarily makes money through its operating businesses and its investment activities. A major portion of revenue is generated by its operating subsidiaries/portfolio companies (for example, distribution and related services), which...
Legend Holdings Corporation Class H Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
42
Neutral
Cash Flow
28
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 590.26B | 522.10B | 442.84B | 483.66B | 489.87B |
| Gross Profit | 93.65B | 94.47B | 77.23B | 85.45B | 85.93B |
| EBITDA | 29.38B | 35.66B | 19.76B | 25.84B | 34.08B |
| Net Income | 1.03B | 133.23M | -3.87B | 1.17B | 5.75B |
Balance Sheet | |||||
| Total Assets | 774.86B | 695.97B | 665.73B | 681.07B | 680.69B |
| Cash, Cash Equivalents and Short-Term Investments | 100.11B | 87.59B | 91.09B | 112.05B | 115.51B |
| Total Debt | 200.50B | 155.17B | 157.50B | 161.76B | 166.53B |
| Total Liabilities | 666.90B | 598.32B | 565.61B | 578.92B | 587.88B |
| Stockholders Equity | 55.82B | 55.74B | 58.33B | 63.95B | 62.83B |
Cash Flow | |||||
| Free Cash Flow | -17.34B | 14.30B | -5.82B | 33.26B | 12.31B |
| Operating Cash Flow | -642.49M | 27.08B | 8.96B | 47.55B | 22.17B |
| Investing Cash Flow | -19.06B | -9.94B | -10.36B | -14.85B | -4.88B |
| Financing Cash Flow | 29.11B | -14.13B | -22.63B | -15.04B | -24.19B |
Legend Holdings Corporation Class H Technical Analysis
Positive
8.96
Price Trends
8.73
Positive
8.93
Positive
9.66
Negative
Market Momentum
0.14
Negative
62.96
Neutral
88.34
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3396, the sentiment is Positive. The current price of 8.96 is above the 20-day moving average (MA) of 8.60, above the 50-day MA of 8.73, and below the 200-day MA of 9.66, indicating a neutral trend. The MACD of 0.14 indicates Negative momentum. The RSI at 62.96 is Neutral, neither overbought nor oversold. The STOCH value of 88.34 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:3396.
Legend Holdings Corporation Class H Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | HK$150.34B | 6.70 | 23.18% | 4.17% | 18.95% | -4.00% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
50 Neutral | HK$3.42B | -3.67 | -11.23% | ― | -4.90% | 6.88% | |
49 Neutral | HK$23.70B | 1.76 | 1.82% | ― | 18.26% | 690.92% | |
48 Neutral | HK$5.27B | 95.52 | 1.82% | ― | 0.92% | ― | |
43 Neutral | HK$16.33B | -106.74 | -3.88% | ― | 18.05% | 60.93% |
* Technology Sector Average
HK:3396
Legend Holdings Corporation Class H
9.74
2.17
28.67%
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Legend Holdings Corporation Class H Corporate Events
Legend Holdings Sets 2025 Final Dividend and Clarifies Withholding Tax Arrangements
Apr 28, 2026
Legend Holdings Corporation has announced an ordinary final dividend of RMB 0.1 per share for the financial year ended 31 December 2025, subject to shareholder approval on 26 June 2026. The dividend for H shareholders will be paid in Hong Kong dol...
Legend Holdings Sets 2025 AGM to Reshape Governance and Expand Financing Mandates
Apr 28, 2026
Legend Holdings Corporation has called its 2025 annual general meeting for June 26, 2026, in Beijing, where shareholders will review the company’s 2025 directors’ and supervisors’ reports, audited financial statements, profit dis...
Legend Holdings Subsidiary Joyvio Food Narrows Q1 Loss Despite Revenue Slump
Apr 26, 2026
Legend Holdings has disclosed the first-quarter 2026 results of its listed subsidiary Joyvio Food, highlighting a sharp year-on-year revenue decline to about RMB 194.3 million from RMB 677.5 million. Despite this steep drop in sales, Joyvio Food s...
Legend Holdings Moves to Add CEO Yu Hao to Board, Tightening Innovation-Focused Governance
Apr 24, 2026
Legend Holdings Corporation has proposed appointing its chief executive officer, Yu Hao, as an executive director of the fourth session of its board, with the resolution to be put to shareholders at the 2025 annual general meeting in June 2026. If...
Legend Holdings Subsidiary Levima Posts Strong First-Quarter 2026 Results
Apr 22, 2026
Legend Holdings has notified investors that its subsidiary Levima Advanced Materials Corporation has released its unaudited first-quarter 2026 results, prepared under China Accounting Standards and available on the Shenzhen Stock Exchange and CNIN...
Legend Holdings to Sell Entire 11.29% Stake in SSE-Listed Company for RMB2.72 Billion
Apr 8, 2026
Legend Holdings Corporation has agreed to sell its entire 11.29% stake in a Shanghai Stock Exchange-listed target company to China Logistics Capital for a total cash consideration of about RMB2.72 billion, priced at RMB15.156 per share. The consid...
Legend Holdings Declares Final 2025 Dividend and Sets Key Payment Dates
Mar 31, 2026
Legend Holdings Corporation has declared a final ordinary cash dividend of RMB 0.1 per share for the financial year ended 31 December 2025, subject to shareholder approval at its meeting on 26 June 2026. The dividend for Hong Kong shareholders wil...
Legend Holdings Sets Formal Nomination Committee to Strengthen Board Governance
Mar 31, 2026
Legend Holdings Corporation has established a nomination committee under its board to regulate the selection and appointment of directors, senior management, and core management, in line with PRC company law, Hong Kong listing rules, and its own a...
Legend Holdings Lifts 2025 Profit Amid Volatile Global Backdrop
Mar 31, 2026
Legend Holdings Corporation reported audited results for 2025 showing revenue of RMB605.9 billion, up from RMB512.8 billion a year earlier, with net profit rising to RMB9.8 billion. Net profit attributable to equity holders climbed sharply to RMB1...
Legend Holdings Highlights Profit Surge at Subsidiary Levima Advanced Materials in 2025 Results
Mar 29, 2026
Legend Holdings Corporation has announced that its Shenzhen-listed subsidiary Levima Advanced Materials Corporation has released its audited annual report for the year ended 31 December 2025, prepared under China Accounting Standards. The disclosu...
Legend Holdings Sets March 31 Board Meeting to Approve 2025 Annual Results
Mar 17, 2026
Legend Holdings Corporation has announced that its board of directors will convene a meeting on March 31, 2026 to review and approve the annual results for the year ended December 31, 2025, and to authorize their publication. The board will also c...
Legend Holdings Flags Joyvio Food’s Deep Revenue Drop but Narrowed Loss in 2025 Results
Mar 16, 2026
Legend Holdings Corporation has announced that its Shenzhen-listed subsidiary Joyvio Food Co., Ltd. has released its audited 2025 annual report, prepared under China Accounting Standards and available on the Shenzhen Stock Exchange and CNINFO webs...
Legend Holdings Reshapes Fruit Business Ownership to Prepare Joy Wing Mau for Capital Markets
Mar 10, 2026
Legend Holdings’ subsidiaries Joyvio and Joy Wing Mau have launched a series of equity repurchases, share transfers, and incentive grants to reshape the ownership structure of their fruit segment and support future capital market ambitions. ...
Legend Holdings Flags Sharp 2025 Profit Rebound on Capital Market Recovery
Mar 2, 2026
Legend Holdings Corporation, a PRC-incorporated and Hong Kong-listed investment holding group, operates a diversified portfolio with a key emphasis on industrial incubation and investment businesses that are highly exposed to capital market perfor...
Legend Holdings Raises Lenovo-Fujitsu Deal Cap and Renews Connected Transactions
Feb 27, 2026
Legend Holdings said its subsidiary Lenovo has obtained board approval to revise upward the annual cap under a manufacturing agreement with Fujitsu-linked entity FCCL for the financial year ending March 31, 2026, citing a significant increase in p...
Legend Holdings Highlights Lenovo’s Strong Revenue Growth and Expanding Balance Sheet for FY2025/26
Feb 12, 2026
Legend Holdings Corporation has disclosed that its subsidiary Lenovo Group Limited reported unaudited consolidated results for the third quarter and first nine months of FY2025/26, prepared under Hong Kong Financial Reporting Standards and publish...
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.