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QPL International Holdings (0243) AI Stock Analysis

HK:0243

QPL International Holdings

(HKEX:0243)

Select Model
Rating:65Neutral
Price Target:HKD 0.40â–¼(-2.89% Downside)
Action:reiterated
Date:09/06/26

The overall score reflects a company that has moved onto firmer financial footing, with improved profitability, positive cash generation, and a conservative balance sheet, but still faces significant cyclicality and earnings-quality risk. This is balanced by cautious technicals, where price action and momentum indicators point to weak near-term trend strength, and a very cheap valuation that offers potential upside yet relies on the durability of recently improved results.

Positive Factors
FY2026 Revenue ReboundThe sharp FY2026 revenue rebound indicates renewed demand and improved trading activity across the electronic-components business. If the higher sales base persists, it can strengthen customer relationships, support operating leverage, and provide a foundation for rebuilding earnings over the next several quarters.
Negative Factors
Multi-Year Earnings VolatilityThe sequence of losses and negative returns before FY2026 shows that profitability has not been consistent through the cycle. This volatility makes the latest rebound harder to treat as a durable trend, raises uncertainty around normalized earnings, and may constrain dependable reinvestment planning.

QPL International Holdings (0243) vs. iShares MSCI Hong Kong ETF (EWH)

-25%0%25%50%75%100%125%HK:0243+7.89%EWH+8.19%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
HKD 135.13M
Dividend Yield
―
Average Volume (3M)
143.64K
Price to Earnings (P/E)
1.4
Beta (1Y)
1.37
Revenue Growth
15.32%
EPS Growth
―
Country
Hong Kong
Employees
683
Sector
Technology
Sector Strength
61
Industry
Semiconductors

QPL International Holdings Business Overview & Revenue Model

Company Description

QPL International Holdings Limited functions as a holding company, primarily involved in manufacturing and distributing essential components for the semiconductor industry, including integrated circuit leadframes, heatsinks, and stiffeners. Its compr...

How the Company Makes Money

QPL International Holdings primarily makes money by selling electronic components and related products to customers (e.g., manufacturers and other downstream buyers), generating revenue from the margin between its procurement cost and its selling pri...

QPL International Holdings Financial Statement Overview

Summary

Financial performance shows a clear turnaround, with recent strong revenue growth and a return to profitability after several loss-making years, supported by a low-leverage, equity-strong balance sheet. However, operating margins are much thinner than net margins, cash conversion is modest, and both earnings and cash flows have been volatile and cyclical, keeping the overall profile solid but not high-quality.

Income Statement

62Positive

Balance Sheet

78Positive

Cash Flow

55Neutral
Financial statement breakdown
BreakdownTTMApr 2025Apr 2024Apr 2023Apr 2022Apr 2021
Income Statement
Total Revenue347.63M347.63M301.45M262.70M312.93M368.32M
Gross Profit97.03M97.03M158.01M49.29M158.77M206.86M
EBITDA99.58M25.59M-1.66M-46.91M-9.90M9.13M
Net Income98.78M98.78M-1.06M-61.39M-34.32M-12.21M
Balance Sheet
Total Assets581.35M581.35M465.07M461.29M529.76M611.21M
Cash, Cash Equivalents and Short-Term Investments209.92M209.92M144.23M121.12M150.90M248.75M
Total Debt50.65M50.65M58.76M52.34M58.77M124.59M
Total Liabilities152.43M152.43M141.97M136.82M142.33M219.29M
Stockholders Equity428.92M428.92M323.10M324.46M387.44M391.92M
Cash Flow
Free Cash Flow4.70M9.93M10.17M-1.31M26.04M-16.14M
Operating Cash Flow9.54M14.78M14.16M2.94M34.79M-8.25M
Investing Cash Flow-3.38M-4.96M703.00K-3.63M-8.28M-16.18M
Financing Cash Flow-443.00K895.00K4.69M-10.72M-43.12M57.24M

QPL International Holdings Technical Analysis

Technical Analysis SentimentNeutral
Last Price0.41

Price Trends

50DMA0.44Negative
100DMA0.45Negative
200DMA0.45Negative

Market Momentum

MACD-0.01Positive
RSI45.95Neutral
STOCH27.36Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0243, the sentiment is Neutral. The current price of 0.41 is below the 20-day moving average (MA) of 0.42, below the 50-day MA of 0.44, and below the 200-day MA of 0.45, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 45.95 is Neutral, neither overbought nor oversold. The STOCH value of 27.36 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:0243.

QPL International Holdings Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

HK:0243 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
HK:0243HK:024365NeutralHKD 129.93M1.3823.53%―15.32%―
Sector *61Neutral$37.18B12.37-10.20%1.83%8.50%-7.62%
HK:8529HK:852957NeutralHKD 151.92M7.8221.89%6.55%29.05%―
HK:8066HK:806651NeutralHKD 162.05M-3.47-41.95%―-24.73%-171.13%
HK:1912HK:191240UnderperformHKD 1.15B-2.95-297.62%―-16.53%-25.48%
HK:2878HK:287840UnderperformHKD 514.54M-16.33-2.79%―-6.32%-159.42%
HK:8490HK:849038UnderperformHKD 52.21M-2.07-18.17%―-17.27%74.09%

* Technology Sector Average

Performance Comparison

0%100%200%300%400%HK:0243HK:8066HK:2878HK:1912HK:8490HK:8529Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
HK:0243 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:0243QPL International Holdings 0.410.037.89%
HK:8066Phoenitron Holdings 0.24-0.27-52.94%
HK:2878Solomon Systech (International) Ltd.0.20-0.27-56.84%
HK:1912Contel Technology Company Limited2.551.81244.59%
HK:8490Niche-Tech Semiconductor Materials Limited0.07-0.06-45.19%
HK:8529UBoT Holding Limited0.290.1489.54%

QPL International Holdings Corporate Events

QPL International Wins Unanimous Shareholder Backing at 2026 AGM

Oct 6, 2026

QPL International Holdings reported that all resolutions at its 6 October 2026 annual general meeting were approved by poll, with 21,050,195 votes cast in favour and none against. Shareholders adopted the audited financial statements for the year end...

QPL International Sets October AGM, Seeks Fresh Share Issuance Mandate

Sep 2, 2026

QPL International Holdings Limited, a Bermuda-incorporated electronics group listed in Hong Kong, maintains a conventional governance structure with independent non-executive directors and external auditors overseeing its financial reporting. Its sha...

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.

Date of analysis: Sep 06, 2026