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Sino Golf Holdings Limited
(0361)
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Rating:43Neutral
Price Target:
HK$0.04
▼(-52.50% Downside)
Action:Reiterated
Date:07/04/26
The score is primarily constrained by weak financial performance—continued net losses and a sharp deterioration to negative operating/free cash flow in 2025—despite a stronger, de-levered balance sheet. Technicals add pressure with the price below key longer-term moving averages and negative MACD. Valuation contributes little support because the company is loss-making (negative P/E) and no dividend yield is provided.
Positive Factors
Low leverage
The sharp reduction in leverage leaves the company less exposed to interest costs and refinancing pressure than in prior years. Combined with substantial equity relative to assets, this provides a stronger financial base and greater flexibility to manage business volatility.
Negative Factors
Persistent net losses
Persistent net losses indicate that the business has not converted its manufacturing and trading activity into sustainable bottom-line profitability. Continued losses can weaken the equity base over time and reduce the company’s ability to fund growth internally.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
The sharp reduction in leverage leaves the company less exposed to interest costs and refinancing pressure than in prior years. Combined with substantial equity relative to assets, this provides a stronger financial base and greater flexibility to manage business volatility.
Read all positive factors
Sino Golf Holdings Limited (0361) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$228.20M
Dividend YieldN/A
Average Volume (3M)2.12M
Price to Earnings (P/E)―
Beta (1Y)1.10
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. Volume2,045,000
30 Day Avg. Volume2,117,666
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 | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 190.12M | 262.77M | 216.56M | 479.42M | 418.48M |
| Gross Profit | 48.97M | 68.59M | 48.18M | 85.41M | 60.04M |
| EBITDA | -11.10M | 11.62M | 6.15M | 23.00M | 4.10M |
| Net Income | -24.58M | -2.36M | -18.54M | -15.95M | -23.67M |
Balance Sheet | |||||
| Total Assets | 395.63M | 399.97M | 388.33M | 488.61M | 557.51M |
| Cash, Cash Equivalents and Short-Term Investments | 41.96M | 118.98M | 111.97M | 141.16M | 122.73M |
| Total Debt | 6.08M | 120.35M | 117.21M | 185.92M | 189.03M |
| Total Liabilities | 122.82M | 172.36M | 158.06M | 239.25M | 289.80M |
| Stockholders Equity | 270.09M | 224.88M | 227.54M | 246.64M | 264.99M |
Cash Flow | |||||
| Free Cash Flow | -34.62M | 4.52M | 40.26M | 18.96M | 29.08M |
| Operating Cash Flow | -33.79M | 8.75M | 41.73M | 20.67M | 30.82M |
| Investing Cash Flow | -19.63M | -1.86M | 674.00K | -1.25M | -1.62M |
| Financing Cash Flow | -20.14M | -3.52M | -71.67M | -9.28M | -29.42M |
Sino Golf Holdings Limited Technical Analysis
Negative
0.08
Price Trends
0.04
Negative
0.05
Negative
0.06
Negative
Market Momentum
>-0.01
Negative
32.81
Neutral
61.11
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 0.06, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 32.81 is Neutral, neither overbought nor oversold. The STOCH value of 61.11 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$4.29B | 7.24 | 14.04% | 9.52% | 9.74% | -22.94% | |
75 Outperform | HK$201.11B | 11.07 | 23.72% | 3.52% | 16.64% | 12.58% | |
68 Neutral | HK$33.60B | 9.62 | 10.62% | 5.22% | 6.64% | 11.99% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
56 Neutral | HK$1.03B | -4.18 | -5.52% | 9.00% | -18.78% | 42.15% | |
49 Neutral | HK$185.36M | -0.78 | -14.23% | 1.22% | 4.04% | -16.43% | |
43 Neutral | HK$228.20M | -20.53 | -2.60% | ― | 11.94% | 54.84% |
* Consumer Cyclical Sector Average
HK:0361
Sino Golf Holdings Limited
0.04
>-0.01
-2.50%
HK:2331
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12.93
-4.32
-25.06%
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ANTA Sports Products
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-17.10
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-51.68%
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0.20
-0.02
-10.96%
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...
Hanfort Development Shifts Bermuda Registered Office While Keeping Hong Kong Share Registrar
Jul 30, 2026
Hanfort Development Holdings Limited, a Bermuda-incorporated holding company listed on the Hong Kong Stock Exchange, oversees its shareholder and corporate governance through a mix of executive, non-executive and independent directors. The company...
Hanfort Development Wins Unanimous Shareholder Backing at 2026 AGM
Jun 25, 2026
Hanfort Development Holdings reported that all resolutions put to shareholders at its 25 June 2026 annual general meeting in Hong Kong were approved by poll, with 100% of votes cast in favour of each motion. The meeting confirmed the audited finan...
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.