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ENM Holdings
(0128)
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Rating:45Neutral
Price Target:
HK$0.48
▼(-7.12% Downside)
Action:Reiterated
Date:09/17/26
The score is held down primarily by weak and unstable operating performance and cash generation (sharp revenue declines, negative operating profitability, and negative operating/free cash flow), despite a strong, low-leverage balance sheet that reduces solvency risk. Technicals are bearish with oversold momentum, and valuation is unattractive with a very high P/E and no dividend support.
Positive Factors
Extremely low leverage
Consistently negligible leverage reduces solvency risk and limits the burden of interest or refinancing costs. This gives ENM Holdings greater resilience during operating weakness and preserves financial capacity to support operations or pursue improvements over the next several quarters.
Negative Factors
Sharp revenue contraction
Two consecutive years of severe revenue contraction point to a material deterioration in business scale rather than a single-period fluctuation. Persistently lower sales can weaken operating leverage, reduce market presence, and make it harder to restore sustainable earnings over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Extremely low leverage
Consistently negligible leverage reduces solvency risk and limits the burden of interest or refinancing costs. This gives ENM Holdings greater resilience during operating weakness and preserves financial capacity to support operations or pursue improvements over the next several quarters.
Read all positive factors
ENM Holdings (0128) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$792.32M
Dividend YieldN/A
Average Volume (3M)443.20K
Price to Earnings (P/E)126.3
Beta (1Y)0.21
Revenue Growth-73.68%
EPS Growth-60.82%
CountryHK
Employees15
SectorFinancial
Sector Strength70
IndustryFinancial - Conglomerates
Share Statistics
EPS (TTM)<0.01
Shares Outstanding1,650,658,700
10 Day Avg. Volume452,807
30 Day Avg. Volume443,202
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)0.62
Price to Sales (P/S)31.90
P/FCF Ratio-12.53
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
ENM Holdings Business Overview & Revenue Model
Company Description
ENM Holdings Limited functions as an investment holding company with diversified interests, notably in the retail of fashion wear and accessories. Its activities span three principal segments: the retail of fashion apparel and accessories, resort ...
ENM Holdings Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
82
Very Positive
Cash Flow
28
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 12.85M | 19.92M | 74.76M | 120.84M | 94.39M | 109.50M |
| Gross Profit | 13.32M | 19.92M | 50.09M | 68.78M | 37.48M | 46.14M |
| EBITDA | -6.95M | -4.62M | -9.63M | -5.86M | -134.01M | 3.14M |
| Net Income | 6.28M | 24.28M | -7.90M | -19.75M | -150.66M | -21.28M |
Balance Sheet | ||||||
| Total Assets | 1.03B | 1.04B | 1.04B | 1.10B | 1.19B | 1.26B |
| Cash, Cash Equivalents and Short-Term Investments | 609.56M | 607.16M | 581.83M | 585.13M | 583.42M | 715.94M |
| Total Debt | 143.00K | 835.00K | 3.16M | 13.47M | 24.36M | 27.90M |
| Total Liabilities | 7.59M | 10.13M | 13.81M | 36.73M | 43.90M | 47.86M |
| Stockholders Equity | 1.02B | 1.03B | 1.02B | 1.07B | 1.14B | 1.21B |
Cash Flow | ||||||
| Free Cash Flow | 82.62M | -50.71M | 142.75M | -2.56M | -25.57M | -18.68M |
| Operating Cash Flow | 84.96M | -48.97M | 149.03M | -1.78M | -25.09M | -17.34M |
| Investing Cash Flow | -182.18M | 16.75M | -60.24M | 6.67M | -26.74M | 6.43M |
| Financing Cash Flow | -1.60M | -2.48M | -15.20M | -12.55M | -17.73M | -20.52M |
ENM Holdings Technical Analysis
Negative
0.52
Price Trends
0.51
Negative
0.49
Negative
0.45
Positive
Market Momentum
>-0.01
Positive
32.06
Neutral
59.39
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0128, the sentiment is Negative. The current price of 0.52 is above the 20-day moving average (MA) of 0.50, above the 50-day MA of 0.51, and above the 200-day MA of 0.45, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 32.06 is Neutral, neither overbought nor oversold. The STOCH value of 59.39 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0128.
ENM Holdings Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | HK$2.09B | 10.35 | 10.15% | 10.04% | -2.94% | -6.03% | |
72 Outperform | HK$2.94B | 6.46 | 8.44% | 7.98% | -4.39% | -12.10% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | HK$348.00M | 3.91 | 37.98% | 4.10% | -7.53% | ― | |
60 Neutral | HK$160.89M | -4.65 | -9.78% | 9.52% | -9.42% | -58.91% | |
48 Neutral | HK$121.73M | -1.11 | -104.84% | 0.72% | ― | ― | |
45 Neutral | HK$792.32M | 126.32 | 0.61% | ― | -73.68% | -60.82% |
* Financial Sector Average
HK:0128
ENM Holdings
0.48
0.18
57.38%
HK:0330
Esprit Holdings
0.43
-0.92
-68.15%
HK:0709
Giordano International
1.31
-0.06
-4.54%
HK:2528
Forward Fashion (International) Holdings Company Limited
0.86
0.64
290.91%
HK:3709
EEKA Fashion Holdings Limited
4.39
-3.39
-43.63%
HK:0375
YGM Trading Limited
1.05
0.03
2.44%
ENM Holdings Corporate Events
ENM Holdings Affirms Hilltop Land Sale Timetable Amid Road Gazettal Delay
Sep 15, 2026
ENM Holdings has reiterated that its planned disposal of the Hilltop Land, a key step in a broader package of proposed transactions including asset disposals, capital reduction, dividend payout, delisting and winding up, remains tied to the comple...
ENM Holdings Updates Hong Kong Office Address and Contact Details
Sep 4, 2026
ENM Holdings Limited has announced an administrative relocation of its registered office and principal place of business in Hong Kong, effective 9 September 2026, to new premises in Nina Tower, Tsuen Wan, New Territories. As part of the update, th...
ENM Holdings Updates Board and Committee Structure
Sep 1, 2026
ENM Holdings has updated the market on the current composition of its board, which includes a non-executive chairman, three independent non-executive directors and two executive directors. The structure underscores a separation between management ...
ENM Holdings Swings to Interim Loss as Costs Rise and Property Values Decline
Aug 27, 2026
ENM Holdings reported unaudited interim results for the six months to 30 June 2026, showing that revenue from continuing operations edged up to HK$10.61 million from HK$9.86 million a year earlier. However, other income declined and administrative...
ENM Holdings Sets Board Meeting to Approve 2026 Interim Results
Aug 17, 2026
ENM Holdings has scheduled a board meeting for 27 August 2026 to review and approve the interim results for the six months ended 30 June 2026. The meeting underscores the company’s regular financial reporting cycle and signals forthcoming di...
ENM Holdings Updates Timeline for Hilltop Land Sale and Potential Wind-Up
Aug 14, 2026
ENM Holdings has provided a timetable update for its previously announced series of proposed transactions, which include the disposal of its Hilltop Land through a tender process, a capital reduction, dividend distribution, voluntary delisting fro...
ENM Holdings Outlines Board Composition and Committee Roles
Jul 31, 2026
ENM Holdings has disclosed the current composition of its board of directors, confirming three executive directors led by Chief Executive Officer Penny Soh Peng Crosbie-Walsh, alongside non-executive chairman Hung Han Wong and three independent no...
ENM Holdings Overhauls Board as CEO Retires Amid Takeover Process
Jul 29, 2026
ENM Holdings is restructuring its leadership and governance as it navigates an ongoing takeover situation under Hong Kong’s Takeovers Code. The Hong Kong-incorporated group, listed under stock code 00128, is adjusting its board composition a...
ENM Holdings Redeems PIMCO Income Fund Stake to Build Cash Reserve
Jul 17, 2026
ENM Holdings has redeemed its entire holding of 638,579.864 shares in the PIMCO Income Fund, generating cash proceeds of about US$6.96 million, equivalent to HK$54.15 million. Following the transaction, the group no longer holds any units in this ...
ENM Holdings flags interim loss on private equity hit despite strong liquidity
Jul 16, 2026
ENM Holdings has warned that it expects to swing to a loss attributable to shareholders of about HK$8.7 million for the first half of 2026, compared with a profit of HK$9.7 million a year earlier. The downturn is mainly linked to a decline in the ...
ENM Holdings Warns of Uncertainty as Hilltop Land Disposal Awaits Government Gazettal
Jul 15, 2026
ENM Holdings has issued a monthly update confirming that the proposed disposal of its Hilltop Land, along with associated financial asset disposals, capital reduction, dividend distribution, voluntary delisting and possible winding-up, remains sub...
ENM Holdings wins full shareholder backing at 2026 AGM
Jun 25, 2026
ENM Holdings reported that all resolutions at its 2026 annual general meeting on 25 June were approved by shareholders, with every director attending in person and no voting restrictions in place. Shareholders received and approved the 2025 audite...
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.