Hang Sang (Siu Po) International Holding Co. Ltd. (3626) AI Stock Analysis

• Market Cap: HK$605.36M
• Dividend Yield: N/A
• Average Volume (3M): 233.02K
• Price to Earnings (P/E): 225.7
• Beta (1Y): -0.32
• Revenue Growth: 35.88%
• EPS Growth: N/A
• Country: HK
• Employees: 67
• Sector: Industrials
• Sector Strength: 72
• Industry: Specialty Business Services
• EPS (TTM): <0.01
• Shares Outstanding: 184,000,000
• 10 Day Avg. Volume: 96,600
• 30 Day Avg. Volume: 233,016
• PEG Ratio: 0.22
• Price to Book (P/B): 1.16
• Price to Sales (P/S): 0.67
• P/FCF Ratio: 31.07
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 55 Neutral
• Price Target: HK$9.50 ▲(195.03% Upside)

The overall stock score for HK:3626 is primarily influenced by financial performance and technical analysis. The company shows financial recovery with revenue growth and improved margins but faces profitability and operational cash flow challenges. Technical analysis indicates short-term weakness with no clear trend, while valuation metrics highlight significant overvaluation concerns. These factors collectively suggest caution for potential investors.

Positive Factors

Revenue Growth

The company's substantial revenue growth and improved margins indicate strong demand for its products and effective cost management, suggesting a positive long-term outlook for its market position and financial health.

Governance Improvements

The formation of key governance committees enhances transparency and accountability, potentially improving stakeholder confidence and aligning management incentives with long-term company goals.

Balance Sheet Strength

A strong balance sheet with low leverage provides financial stability and flexibility, enabling the company to invest in growth opportunities and weather economic downturns more effectively.

Negative Factors

High Shareholding Concentration

High shareholding concentration can lead to market volatility and liquidity issues, potentially impacting the company's ability to attract a diverse investor base and comply with public float requirements.

Profitability Challenges

Ongoing profitability issues and cash flow challenges could hinder the company's ability to reinvest in growth and sustain operations, posing a risk to long-term financial stability.

Leadership Changes

Frequent leadership changes can disrupt strategic direction and operational continuity, potentially affecting the company's ability to execute long-term plans and maintain stakeholder confidence.

Hang Sang (Siu Po) International Holding Co. Ltd. Business Overview & Revenue Model

Company Description

Hang Sang (Siu Po) International Holding Company Limited manufactures and sells apparel labels, and packaging printing products for garment manufacturers, garment related accessories trading companies, and garment brand companies. It offers various printing products, such as leaflets/newsletters, greeting/catering cards, books/catalogs, calendars, and business cards, as well as stationery and packaging products. Hang Sang (Siu Po) International Holding Company Limited sells its products in Hong Kong, South Korea, Taiwan, Vietnam, the United States, China, Macau, Indonesia, Bangladesh, and internationally. The company was founded in 1997 and is headquartered in Cheung Sha Wan, Hong Kong. Hang Sang (Siu Po) International Holding Company Limited is a subsidiary of HSSP Limited.

How the Company Makes Money

Hang Sang (Siu Po) International Holding Co. Ltd. generates revenue through the production and sale of apparel and textile products. The company's primary revenue streams include wholesale distribution to retailers, direct sales to consumers, and potential partnerships with fashion brands for clothing production. Its earnings are influenced by factors such as market demand for fashion products, production efficiency, and strategic partnerships with retailers and brands that help in expanding its market reach.

Hang Sang (Siu Po) International Holding Co. Ltd. Financial Statement Overview

Summary

Hang Sang (Siu Po) International Holding Co. Ltd. shows signs of financial recovery with significant revenue growth of 28.7% and improved gross margins. However, the company struggles with consistent net losses and operational cash flow challenges. The balance sheet remains strong with low leverage, offering some stability amidst profitability concerns.

Income Statement

The company has seen a significant recovery in revenue, with a growth rate of 28.7% from 2023 to 2024. The gross profit margin improved to 29.5%, reflecting better cost management. However, consistent negative EBIT and net income margins indicate ongoing profitability challenges.

Balance Sheet

The balance sheet is relatively strong with a debt-to-equity ratio of 0.37, indicating low leverage. The equity ratio of 59.2% suggests a stable capital structure. However, a decline in stockholders' equity poses a risk.

Cash Flow

The company achieved a positive free cash flow in 2024, recovering from negative cash flows in previous years. The operating cash flow to net income ratio suggests operational cash generation challenges, but improvement is evident with a positive operating cash flow.

Breakdown	TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement
Total Revenue	88.55M	70.03M	54.41M	75.51M	62.66M	65.09M
Gross Profit	28.40M	20.67M	9.40M	22.61M	18.55M	19.81M
EBITDA	11.55M	7.98M	-15.04M	2.65M	977.00K	-5.80M
Net Income	2.59M	-2.40M	-25.96M	-3.83M	-2.96M	-9.72M
Balance Sheet
Total Assets	70.18M	68.00M	60.80M	88.99M	87.75M	83.47M
Cash, Cash Equivalents and Short-Term Investments	38.19M	33.56M	43.15M	57.95M	62.05M	56.52M
Total Debt	14.75M	14.97M	9.94M	12.55M	5.70M	2.37M
Total Liabilities	28.22M	27.58M	19.04M	21.27M	16.20M	8.96M
Stockholders Equity	41.89M	40.30M	41.75M	67.72M	71.55M	74.51M
Cash Flow
Free Cash Flow	9.94M	1.51M	-7.62M	-1.45M	6.96M	-3.38M
Operating Cash Flow	12.19M	2.55M	-7.33M	-163.00K	7.87M	-3.16M
Investing Cash Flow	-5.19M	-4.17M	825.00K	-185.00K	-684.00K	578.00K
Financing Cash Flow	-6.99M	-7.96M	-8.29M	-3.75M	-1.66M	-9.96M

Hang Sang (Siu Po) International Holding Co. Ltd. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 3.22
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3626, the sentiment is Neutral. The current price of 3.22 is above the 20-day moving average (MA) of 3.16, below the 50-day MA of 3.47, and below the 200-day MA of 7.78, indicating a neutral trend. The MACD of -0.20 indicates Negative momentum. The RSI at 44.71 is Neutral, neither overbought nor oversold. The STOCH value of 51.08 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:3626.

Hang Sang (Siu Po) International Holding Co. Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1540	74 Outperform	HK$219.42M	6.25	12.81%	18.18%	-7.56%	-2.06%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
1975	63 Neutral	HK$175.20M	-1.98	-20.83%	8.60%	-26.30%	-617.37%
3626	55 Neutral	HK$605.36M	225.69	8.45%	―	35.88%	―
0450	50 Neutral	HK$819.78M	-9.73	-3.21%	13.04%	-11.14%	-280.56%
8385	46 Neutral	HK$18.06M	-0.40	―	―	-92.47%	14.17%
8448	41 Neutral	HK$41.42M	45.60	8.43%	―	-6.56%	―

Hang Sang (Siu Po) International Holding Co. Ltd. Corporate Events

East Nova Holdings Rebrands With New Name, Stock Short Name and Corporate Logo

East Nova Holdings Limited has officially changed its English name from Hang Sang (Siu Po) International Holding Company Limited to East Nova Holdings Limited, and adopted a corresponding Chinese name, following shareholder approval at its annual general meeting and subsequent registration in both the Cayman Islands and Hong Kong. The group has also adopted a new memorandum and articles of association, updated its stock short name on the Hong Kong Stock Exchange to “EAST NOVA HLDGS” (with an unchanged stock code 3626), and introduced a new corporate logo that will appear on all key company documents and its website; the company stressed that these branding and constitutional changes will not affect shareholders’ rights, existing share certificates, day‑to‑day operations or its financial position, underscoring that the move is largely a rebranding and governance update rather than an operational shift.

The most recent analyst rating on (HK:3626) stock is a Hold with a HK$9.50 price target. To see the full list of analyst forecasts on Hang Sang (Siu Po) International Holding Co. Ltd. stock, see the HK:3626 Stock Forecast page.

Hang Sang (Siu Po) Announces Unanimous Approval of AGM Resolutions

Hang Sang (Siu Po) International Holding Company Limited announced the successful passing of all resolutions at its Annual General Meeting held on December 5, 2025. The resolutions included the adoption of financial statements, re-election of directors, and granting of mandates for share issuance and repurchase, all of which received unanimous approval from shareholders.

The most recent analyst rating on (HK:3626) stock is a Hold with a HK$9.50 price target. To see the full list of analyst forecasts on Hang Sang (Siu Po) International Holding Co. Ltd. stock, see the HK:3626 Stock Forecast page.

Hang Sang (Siu Po) International Holding Co. Ltd. Announces AGM and Key Resolutions

Hang Sang (Siu Po) International Holding Company Limited has announced its upcoming annual general meeting (AGM) scheduled for December 5, 2025, in Hong Kong. The AGM will address several key resolutions, including the adoption of audited financial statements for the year ended June 30, 2025, re-election of directors, and re-appointment of Grant Thornton Hong Kong Limited as auditor. Additionally, the meeting will consider authorizing the board to allot and issue additional shares, with specific conditions outlined for such actions. These resolutions are crucial for the company’s governance and strategic planning, potentially impacting its operational and financial directions.

The most recent analyst rating on (HK:3626) stock is a Hold with a HK$9.50 price target. To see the full list of analyst forecasts on Hang Sang (Siu Po) International Holding Co. Ltd. stock, see the HK:3626 Stock Forecast page.

Hang Sang (Siu Po) Clarifies Share Sale and Resumes Trading

Hang Sang (Siu Po) International Holding Co. Ltd. announced a clarification regarding recent fluctuations in its share price and trading volume. The company’s controlling shareholder, Wade Investment SPC Ltd, sold approximately 13,976,000 shares to realize profits and improve share liquidity, while maintaining a majority stake. Trading was temporarily halted and has now resumed.

The most recent analyst rating on (HK:3626) stock is a Hold with a HK$9.50 price target. To see the full list of analyst forecasts on Hang Sang (Siu Po) International Holding Co. Ltd. stock, see the HK:3626 Stock Forecast page.

Hang Sang (Siu Po) Announces Trading Halt for Price-Sensitive Disclosure

Hang Sang (Siu Po) International Holding Company Limited has announced a trading halt on its shares on the Hong Kong Stock Exchange. This halt is due to an impending announcement concerning price-sensitive information that may be considered inside information, indicating potential significant developments within the company.

The most recent analyst rating on (HK:3626) stock is a Hold with a HK$9.50 price target. To see the full list of analyst forecasts on Hang Sang (Siu Po) International Holding Co. Ltd. stock, see the HK:3626 Stock Forecast page.

Hang Sang Forms Joint Venture to Expand Vaping Device Business in Middle East

Hang Sang (Siu Po) International Holding Co. Ltd. has announced the formation of a joint venture with Coty Holding Ltd to distribute branded vaping devices in the UAE and other Middle Eastern markets. The joint venture aims to capitalize on Coty’s extensive market access and regulatory expertise in the region, positioning Hang Sang to expand its vaping device business and capture opportunities in high-growth markets.

The most recent analyst rating on (HK:3626) stock is a Hold with a HK$9.50 price target. To see the full list of analyst forecasts on Hang Sang (Siu Po) International Holding Co. Ltd. stock, see the HK:3626 Stock Forecast page.