Legend Holdings Corporation Class H (HK:3396)
:3396
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Legend Holdings Corporation Class H
(3396)
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Rating:45Neutral
Price Target:
HK$14.50
▲(61.83% Upside)
Action:Reiterated
Date:06/03/26
The score is held back primarily by weakened financial quality—especially the 2025 swing to negative operating and free cash flow alongside high leverage—and by a very expensive valuation (P/E ~79). Technicals are supportive on trend (price above major moving averages) but are heavily overbought, which tempers the overall outlook.
Positive Factors
Diversified Conglomerate Model
Legend's holding-company structure and diversified stakes across technology, industrial and consumer areas provide structural resilience. A multi-vertical portfolio smooths cyclical swings, permits capital redeployment across businesses, and preserves optionality for strategic exits or reallocations over months.
Negative Factors
High Leverage
Elevated debt ratios and a material rise in total debt in 2025 reduce financial flexibility and increase refinancing and interest-rate sensitivity. High leverage constrains capital allocation, raises solvency risk if earnings falter, and limits the company's ability to invest without external funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified Conglomerate Model
Legend's holding-company structure and diversified stakes across technology, industrial and consumer areas provide structural resilience. A multi-vertical portfolio smooths cyclical swings, permits capital redeployment across businesses, and preserves optionality for strategic exits or reallocations over months.
Read all positive factors
Legend Holdings Corporation Class H (3396) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$34.85B
Dividend YieldN/A
Average Volume (3M)2.87M
Price to Earnings (P/E)29.1
Beta (1Y)1.46
Revenue Growth18.26%
EPS Growth690.92%
CountryHK
Employees1,732
SectorTechnology
Sector Strength88
IndustryFinancial - Conglomerates
Share Statistics
EPS (TTM)0.44
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$12.30Price Target Upside37.24% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)1.12
Revenue Forecast (FY)HK$670.70B
Legend Holdings Corporation Class H Business Overview & Revenue Model
Company Description
Legend Holdings Corporation, along with its subsidiaries, operates in the industrial operations and industrial incubations and investments sectors in the People’s Republic of China and internationally. The company’s Industrial Operations segment p...
How the Company Makes Money
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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 | 613.19B | 522.10B | 442.84B | 483.66B | 489.87B |
| Gross Profit | 102.81B | 94.47B | 77.23B | 85.45B | 85.93B |
| EBITDA | 31.36B | 35.66B | 19.76B | 25.84B | 34.08B |
| Net Income | 1.06B | 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
Neutral
8.96
Price Trends
12.56
Positive
10.63
Positive
10.26
Positive
Market Momentum
0.76
Positive
51.10
Neutral
24.36
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3396, the sentiment is Neutral. The current price of 8.96 is below the 20-day moving average (MA) of 16.01, below the 50-day MA of 12.56, and below the 200-day MA of 10.26, indicating a neutral trend. The MACD of 0.76 indicates Positive momentum. The RSI at 51.10 is Neutral, neither overbought nor oversold. The STOCH value of 24.36 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
67 Neutral | HK$290.77B | 19.00 | 23.18% | 4.17% | 20.44% | 37.78% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
51 Neutral | HK$9.18B | 559.91 | 1.84% | ― | 0.92% | ― | |
46 Neutral | HK$3.30B | -6.68 | -11.23% | ― | -4.90% | 6.88% | |
45 Neutral | HK$34.85B | 29.10 | 1.83% | ― | 18.26% | 690.92% | |
42 Neutral | HK$9.84B | -50.95 | -2.97% | ― | 30.48% | 65.41% |
* Technology Sector Average
HK:3396
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Legend Holdings Corporation Class H Corporate Events
Legend Holdings Shareholders Back 2025 Results, Dividend and Board Changes at AGM
Jun 26, 2026
Legend Holdings Corporation reported the results of its 2025 annual general meeting held in Beijing, confirming that all major routine resolutions related to the 2025 financial year were duly considered. Shareholders approved the directors’ ...
Legend Holdings Details Board and Committee Roles to Strengthen Governance
Jun 26, 2026
Legend Holdings Corporation has outlined the composition of its board, led by chairman Ning Min and chief executive officer Yu Hao, alongside a mix of non-executive and independent non-executive directors. The structure underscores an emphasis on ...
Legend Holdings Updates Final Dividend and Tax Terms for 2025 Payout
Jun 26, 2026
Legend Holdings Corporation has announced an updated final cash dividend for its H share investors for the financial year ended 31 December 2025. The board has declared a dividend of RMB 0.1 per share, which will be paid in Hong Kong dollars at HK...
Legend Holdings Sets Formal Procedures for Shareholders’ General Meetings
Jun 26, 2026
Legend Holdings Corporation has issued a detailed set of Rules of Procedure for its shareholders’ general meetings, aligning them with PRC company law, Hong Kong listing rules and its Articles of Association. The rules confirm that all share...
Legend Holdings Tightens Board Rules to Bolster Governance and Shareholder Protection
Jun 26, 2026
Legend Holdings Corporation has issued updated Rules of Procedure for its Board of Directors aimed at strengthening corporate governance, standardizing decision-making, and aligning with PRC company law, Hong Kong listing requirements, and its own...
Legend Holdings Strengthens Governance With Formal Audit Committee Mandate
Jun 26, 2026
Legend Holdings Corporation has formalized the terms of reference for its board audit committee to strengthen risk management, internal control, and audit functions across the group. The committee is tasked with overseeing the truthfulness and com...
Legend Holdings Sets Detailed Mandate for New Nomination Committee
Jun 26, 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 article...
Legend Holdings Sets Up Board Remuneration Committee to Strengthen Governance
Jun 26, 2026
Legend Holdings Corporation has established a remuneration committee under its board to strengthen its remuneration management system and enhance corporate governance. The committee is designed in line with PRC company law, Hong Kong Listing Rules...
Legend Holdings’ Lenovo Raises US$2 Billion via 2033 Convertible Bonds and Retires Part of 2029 Issue
Jun 25, 2026
Legend Holdings’ subsidiary Lenovo has completed the issuance of US$2 billion zero coupon convertible bonds due 2033, with all conditions satisfied and approval secured for the listing and trading of the associated conversion shares. The new...
Legend Holdings’ Lenovo Plans US$2 Billion Convertible Bond Issue and Buy‑back Strategy
Jun 18, 2026
Lenovo, a core subsidiary of Legend Holdings Corporation, has agreed to issue US$2 billion of zero-coupon convertible bonds due 2033, which will be convertible into Lenovo shares at an initial price of HK$36.70 and are intended to be listed in Vie...
Legend Holdings Flags Strong FY2025/26 Results at Key Subsidiary Lenovo
May 22, 2026
Legend Holdings Corporation has notified investors that its major subsidiary, Lenovo Group Limited, has released audited consolidated annual results for the fiscal year ended March 31, 2026, prepared under Hong Kong Financial Reporting Standards. ...
Legend Holdings Warns of Differences Between Mainland and IFRS 2025 Financials
Apr 28, 2026
Legend Holdings Corporation has released its 2025 annual report on corporate bonds on the Shanghai Stock Exchange, providing audited financial information for the year ended December 31, 2025, prepared under China Accounting Standards for Business...
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...
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.