Want to see HK:0361 full AI Analyst Report?
Top Page
Sino Golf Holdings Limited
(0361)
Select Model
Select Model
Rating:49Neutral
Price Target:
HK$0.04
▼(-50.00% Downside)
Action:Reiterated
Date:09/24/26
The score is held back primarily by weak financial performance: recurring net losses and a sharp deterioration in 2025 cash flow (negative operating and free cash flow) raise execution and funding risk, despite a markedly improved balance sheet with very low leverage. Technicals add some support with improving near-term momentum (price above key short/medium moving averages and positive MACD), but the stock remains below the 200-day average, and valuation is not compelling due to the negative P/E and no available dividend yield.
Positive Factors
Low Leverage
The sharp reduction in leverage gives Sino Golf a stronger financial cushion than in prior years. A sizable equity base relative to assets can reduce balance-sheet pressure, preserve borrowing flexibility, and provide greater capacity to withstand volatility while management addresses operating losses.
Negative Factors
Persistent Net Losses
Recurring net losses show that the business has not yet converted its operations into sustainable bottom-line profitability. Continued losses can erode the equity cushion over time, reduce internally generated funding, and make a durable earnings recovery dependent on improved execution.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
The sharp reduction in leverage gives Sino Golf a stronger financial cushion than in prior years. A sizable equity base relative to assets can reduce balance-sheet pressure, preserve borrowing flexibility, and provide greater capacity to withstand volatility while management addresses operating losses.
Read all positive factors
Sino Golf Holdings Limited (0361) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$234.05M
Dividend YieldN/A
Average Volume (3M)10.73M
Price to Earnings (P/E)―
Beta (1Y)1.56
Revenue Growth11.94%
EPS Growth54.84%
CountryHK
Employees840
SectorConsumer Cyclical
Sector Strength84
IndustryLeisure
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding5,851,250,000
10 Day Avg. Volume1,783,000
30 Day Avg. Volume10,729,000
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)1.64
Price to Sales (P/S)2.33
P/FCF Ratio-12.82
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
Sino Golf Holdings Limited Business Overview & Revenue Model
Company Description
Hanfort Development Holdings Limited, an investment holding company, is engaged in the manufacturing and trading of golf equipment, including assembled golf clubs, club heads, and accessories. It also operates a hospitality segment involved in the...
How the Company Makes Money
Sino Golf Holdings Limited primarily makes money by producing and selling golf-related products (notably golf bags and related accessories) to customers, generating revenue from the sale of manufactured goods. Key revenue streams therefore come fr...
Sino Golf Holdings Limited Financial Statement Overview
Summary
Income Statement
32
Negative
Balance Sheet
70
Positive
Cash Flow
28
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 249.18M | 190.12M | 262.77M | 216.56M | 479.42M | 418.48M |
| Gross Profit | 66.58M | 48.97M | 68.59M | 48.18M | 85.41M | 60.04M |
| EBITDA | 11.72M | -4.30M | 17.61M | 6.15M | 23.00M | 4.10M |
| Net Income | -7.09M | -24.58M | -2.36M | -18.54M | -15.95M | -23.67M |
Balance Sheet | ||||||
| Total Assets | 427.29M | 395.63M | 399.97M | 388.33M | 488.61M | 557.51M |
| Cash, Cash Equivalents and Short-Term Investments | 83.74M | 41.96M | 118.98M | 111.97M | 141.16M | 122.73M |
| Total Debt | 82.66M | 6.08M | 120.35M | 117.21M | 185.92M | 189.03M |
| Total Liabilities | 148.54M | 122.82M | 172.36M | 158.06M | 239.25M | 289.80M |
| Stockholders Equity | 276.02M | 270.09M | 224.88M | 227.54M | 246.64M | 264.99M |
Cash Flow | ||||||
| Free Cash Flow | -19.98M | -34.62M | 4.52M | 40.26M | 18.96M | 29.08M |
| Operating Cash Flow | -18.62M | -33.79M | 8.75M | 41.73M | 20.67M | 30.82M |
| Investing Cash Flow | -20.14M | -19.63M | -1.86M | 674.00K | -1.25M | -1.62M |
| Financing Cash Flow | 1.77M | -20.14M | -3.52M | -71.67M | -9.28M | -29.42M |
Sino Golf Holdings Limited Technical Analysis
Negative
0.08
Price Trends
0.04
Negative
0.04
Negative
0.05
Negative
Market Momentum
>-0.01
Negative
44.16
Neutral
20.63
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0361, the sentiment is Negative. The current price of 0.08 is above the 20-day moving average (MA) of 0.04, above the 50-day MA of 0.04, and above the 200-day MA of 0.05, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 44.16 is Neutral, neither overbought nor oversold. The STOCH value of 20.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0361.
Sino Golf Holdings Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | HK$3.63B | 6.16 | 14.04% | 11.19% | 9.74% | -22.82% | |
75 Outperform | HK$198.34B | 10.66 | 23.92% | 3.62% | 16.64% | 12.58% | |
68 Neutral | HK$34.30B | 9.80 | 10.62% | 5.08% | 6.64% | 11.99% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
56 Neutral | HK$1.00B | -4.05 | -5.52% | 9.28% | -18.78% | 42.15% | |
49 Neutral | HK$234.05M | -28.57 | -2.60% | ― | 11.94% | 54.84% | |
44 Neutral | HK$217.68M | -0.92 | -14.23% | 1.22% | 4.04% | -16.43% |
* Consumer Cyclical Sector Average
HK:0361
Sino Golf Holdings Limited
0.04
-0.05
-57.78%
HK:2331
Li Ning Company
13.75
-2.37
-14.69%
HK:2020
ANTA Sports Products
74.35
-3.93
-5.02%
HK:1126
Dream International
5.30
-3.59
-40.40%
HK:0635
Playmates Holdings
0.50
0.01
2.06%
HK:0180
Kader Holdings Co. Ltd.
0.23
0.01
6.07%
Sino Golf Holdings Limited Corporate Events
Hanfort Development Swings to Interim Profit on Higher Revenue
Aug 31, 2026
Hanfort Development Holdings Limited reported a sharp improvement in its interim results for the six months ended 30 June 2026, with revenue rising to HK$148.0 million from HK$89.0 million and gross profit nearly doubling to HK$39.2 million. The G...
Hanfort Development Signals Return to Profit on Surging Golf Equipment Sales
Aug 24, 2026
Hanfort Development Holdings has signaled a sharp recovery for the first half of 2026, projecting revenue of about HK$148 million versus HK$89 million a year earlier and a swing to a HK$2.9 million post-tax profit from a HK$14.6 million loss. The ...
Hanfort Development Sets Board Meeting to Review Interim Results and Dividend
Aug 19, 2026
Hanfort Development Holdings Limited has scheduled a board meeting for 31 August 2026 to review and approve the unaudited interim results for the six months ended 30 June 2026. The board will also consider whether to declare an interim dividend, a...
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.