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S&T Holdings Ltd.
(3928)
S&T Holdings Ltd. (3928) vs. iShares MSCI Hong Kong ETF (EWH)
S&T Holdings Ltd. Business Overview & Revenue Model
S&T Holdings Ltd. Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 64.30M | 55.97M | 56.06M | 67.09M | 47.43M | 41.52M |
| Gross Profit | 4.89M | 4.80M | 3.81M | 3.22M | -5.03M | -2.04M |
| EBITDA | 3.82K | 1.94M | 2.02M | -3.23M | -12.27M | -2.33M |
| Net Income | -622.54K | -784.15K | -1.04M | -1.49M | -11.19M | -7.09M |
Balance Sheet | ||||||
| Total Assets | 63.32M | 69.65M | 63.61M | 73.44M | 75.74M | 81.49M |
| Cash, Cash Equivalents and Short-Term Investments | 4.65M | 6.14M | 9.15M | 8.96M | 9.31M | 10.09M |
| Total Debt | 14.46M | 18.56M | 19.50M | 25.41M | 28.91M | 28.86M |
| Total Liabilities | 35.74M | 42.47M | 35.65M | 44.44M | 45.25M | 39.80M |
| Stockholders Equity | 27.59M | 27.17M | 27.96M | 29.00M | 30.49M | 41.68M |
Cash Flow | ||||||
| Free Cash Flow | 2.12M | 1.22M | 1.41M | 1.39M | 1.46M | -6.40M |
| Operating Cash Flow | 3.44M | 3.14M | 2.94M | 1.39M | 1.77M | -4.85M |
| Investing Cash Flow | -1.08M | -1.57M | 3.64M | 3.75M | 891.54K | -2.31M |
| Financing Cash Flow | -6.17M | -3.28M | -6.91M | -5.79M | -3.34M | -3.62M |
S&T Holdings Ltd. Technical Analysis
S&T Holdings Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
60 Neutral | HK$748.59M | 4.68 | 2.36% | ― | -25.78% | -18.64% | |
60 Neutral | HK$1.09B | 17.02 | 5.28% | 14.06% | 11.24% | 64.66% | |
55 Neutral | HK$1.68B | 40.85 | 8.67% | ― | -16.13% | 5.48% | |
50 Neutral | HK$4.22B | -1,157.89 | -2.26% | ― | 34.69% | 41.09% | |
45 Neutral | HK$794.51M | -2.79 | 2.28% | ― | 0.97% | ― | |
41 Neutral | HK$1.31B | -83.79 | -7.49% | ― | -16.73% | 65.63% |
S&T Holdings Ltd. Corporate Events
China Next-Gen Commerce and Supply Chain Limited announced the resignation of Ms. Ding Ziyi from her position as a joint company secretary, effective October 16, 2025. Ms. Ding will focus on her role as an executive director, while Ms. Leong Kai Weng Subrina will continue as the sole company secretary. The company states that there are no disagreements or issues related to Ms. Ding’s resignation that need to be addressed to shareholders or the Stock Exchange.
The most recent analyst rating on (HK:3928) stock is a Hold with a HK$4.50 price target. To see the full list of analyst forecasts on S&T Holdings Ltd. stock, see the HK:3928 Stock Forecast page.
China Next-Gen Commerce and Supply Chain Limited announced that it has been granted a temporary waiver from the Hong Kong Stock Exchange regarding the minimum public float requirement after falling slightly below the 25% threshold. To restore compliance, the company disposed of a small number of shares, bringing the public float back to the required 25%, thereby stabilizing its market position and ensuring adherence to listing rules.
The most recent analyst rating on (HK:3928) stock is a Hold with a HK$4.50 price target. To see the full list of analyst forecasts on S&T Holdings Ltd. stock, see the HK:3928 Stock Forecast page.
China Next-Gen Commerce and Supply Chain Limited has announced a change in the address of its head office and principal place of business in Hong Kong, effective from October 2, 2025. This relocation to a new address in Sheung Wan, Hong Kong, marks a strategic move for the company, potentially impacting its operational dynamics and stakeholder engagements.
The most recent analyst rating on (HK:3928) stock is a Hold with a HK$4.50 price target. To see the full list of analyst forecasts on S&T Holdings Ltd. stock, see the HK:3928 Stock Forecast page.
China Next-Gen Commerce and Supply Chain Limited has appointed Ms. Wang Kelly as the new Chief Executive Officer, effective from September 26, 2025. Ms. Wang, who is also the chairperson of the board, will lead the company in formulating a long-term business strategy and exploring new business opportunities. Despite the deviation from the Corporate Governance Code by combining the roles of chairperson and CEO, the board believes this will ensure consistent leadership and effective strategic planning. Additionally, Mr. Koh Chew Chiang has been redesignated as Co-Chief Executive Officer, maintaining a balance of power within the management team to protect the interests of the company and its shareholders.
The most recent analyst rating on (HK:3928) stock is a Hold with a HK$4.50 price target. To see the full list of analyst forecasts on S&T Holdings Ltd. stock, see the HK:3928 Stock Forecast page.
S&T Holdings Ltd. announced the closure of a mandatory unconditional cash offer by Huatai Financial Holdings on behalf of Ever Realm Capital Limited to acquire all issued shares of China Next-Gen Commerce and Supply Chain Limited, excluding those already owned by Ever Realm and its affiliates. The offer resulted in Ever Realm and its affiliates holding approximately 75.001% of the company’s total issued share capital. The offer’s settlement involved a total consideration of HK$3,713.40, with remittances to be dispatched to accepting shareholders by October 8, 2025. The announcement also noted changes in the company’s directors, audit committee, remuneration committee, nomination committee, company secretary, and authorized representative.
The most recent analyst rating on (HK:3928) stock is a Hold with a HK$4.50 price target. To see the full list of analyst forecasts on S&T Holdings Ltd. stock, see the HK:3928 Stock Forecast page.
China Next-Gen Commerce and Supply Chain Limited has announced the composition of its board of directors and the roles of each member. This update includes the appointment of Wang Kelly as the Chairperson of the Board and the assignment of directors to various committees, which is crucial for the company’s governance and strategic direction.
The most recent analyst rating on (HK:3928) stock is a Hold with a HK$4.50 price target. To see the full list of analyst forecasts on S&T Holdings Ltd. stock, see the HK:3928 Stock Forecast page.
China Next-Gen Commerce and Supply Chain Limited has announced the appointment of Ms. Wang Kelly and Ms. Ding Ziyi as executive directors, effective from September 4, 2025. This strategic move is expected to strengthen the company’s leadership, with both appointees bringing substantial expertise in investment and legal compliance, potentially enhancing the company’s market positioning and operational effectiveness.
The most recent analyst rating on (HK:3928) stock is a Hold with a HK$4.50 price target. To see the full list of analyst forecasts on S&T Holdings Ltd. stock, see the HK:3928 Stock Forecast page.
China Next-Gen Commerce and Supply Chain Limited has announced the composition of its board of directors and their roles within the company. This update includes the appointment of executive, non-executive, and independent non-executive directors, as well as their respective roles in the audit, nomination, and remuneration committees. This restructuring is likely to impact the company’s governance and strategic direction, potentially influencing its market positioning and stakeholder relations.
The most recent analyst rating on (HK:3928) stock is a Hold with a HK$4.50 price target. To see the full list of analyst forecasts on S&T Holdings Ltd. stock, see the HK:3928 Stock Forecast page.
Ever Realm Capital Limited has announced the dispatch of a Composite Document related to a mandatory unconditional cash offer to acquire all issued shares of China Next-Gen Commerce and Supply Chain Limited, excluding those already owned by Ever Realm and its affiliates. This move is part of a strategic acquisition process, with the Composite Document providing details of the offer, recommendations from the Independent Board Committee, and advice from an Independent Financial Adviser. The announcement outlines the timetable for the offer, with key dates in September 2025, and highlights the potential impact on shareholders and the company’s market positioning.
The most recent analyst rating on (HK:3928) stock is a Hold with a HK$4.50 price target. To see the full list of analyst forecasts on S&T Holdings Ltd. stock, see the HK:3928 Stock Forecast page.
S&T Holdings Ltd. has announced a delay in the dispatch of a composite document related to a mandatory unconditional cash offer by Huatai Financial Holdings on behalf of Ever Realm Capital Limited. The delay is due to the need for additional time to finalize certain information, including a letter of advice from the Independent Financial Adviser. The deadline for dispatch has been extended from August 31, 2025, to September 12, 2025, with the Executive indicating consent for this extension.
The most recent analyst rating on (HK:3928) stock is a Hold with a HK$4.50 price target. To see the full list of analyst forecasts on S&T Holdings Ltd. stock, see the HK:3928 Stock Forecast page.
China Next-Gen Commerce and Supply Chain Limited has appointed Capital 9 Limited as the Independent Financial Adviser to guide the Independent Board Committee on the fairness and reasonableness of an offer under the Takeovers Code. This strategic move aims to ensure informed decision-making regarding the offer, though there is no guarantee that the offer will proceed, and stakeholders are advised to exercise caution.
The most recent analyst rating on (HK:3928) stock is a Hold with a HK$4.50 price target. To see the full list of analyst forecasts on S&T Holdings Ltd. stock, see the HK:3928 Stock Forecast page.
S&T Holdings Ltd. has announced a significant transaction involving the sale and purchase of shares in China Next-Gen Commerce and Supply Chain Limited. The transaction involves Ever Realm Capital Limited acquiring 75% of the total issued share capital of the company for HK$222,800,000. Following this acquisition, Ever Realm Capital Limited is required to make a mandatory unconditional cash offer for the remaining shares at the same price per share. This move is expected to consolidate Ever Realm’s position in the company, potentially impacting its market operations and stakeholder interests.
China Next-Gen Commerce and Supply Chain Limited has requested a trading halt on its shares on the Hong Kong Stock Exchange as of July 29, 2025. This halt is pending the release of an announcement related to the Hong Kong Code on Takeovers and Mergers, which contains inside information, potentially impacting the company’s operations and market positioning.