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Sino Golf Holdings Limited (0361) AI Stock Analysis

HK:0361

Sino Golf Holdings Limited

(HKEX:0361)

Select Model
Rating:51Neutral
Price Target:HKD 0.04â–²(0.00% Upside)
Action:reiterated
Date:09/24/26

Financial performance drives the score through balance sheet improvements that partially mitigate revenue volatility and losses, with moderate technical support offset by weak valuation due to negative earnings.

Positive Factors
Low LeverageThe sharp reduction in leverage improves financial flexibility and lowers dependence on borrowing to fund operations. This gives the company greater capacity to withstand operating volatility, manage obligations, and consider investment or restructuring actions without heavy debt-service pressure.
Negative Factors
Persistent Net LossesRecurring net losses show that the business has not yet converted its manufacturing and trading activities into sustainable profitability. Continued losses can erode the equity base over time, restrict internally funded investment, and make recovery dependent on improved volumes, pricing, or cost control.

Sino Golf Holdings Limited (0361) vs. iShares MSCI Hong Kong ETF (EWH)

-80%-60%-40%-20%0%20%40%HK:0361-57.78%EWH+7.37%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
HKD 222.35M
Dividend Yield
―
Average Volume (3M)
6.23M
Price to Earnings (P/E)
-27.1
Beta (1Y)
1.55
Revenue Growth
11.94%
EPS Growth
54.84%
Country
Hong Kong
Employees
840
Sector
Consumer Cyclical
Sector Strength
61
Industry
Leisure

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 de...

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 from...

Sino Golf Holdings Limited Financial Statement Overview

Summary

Volatile revenue and persistent net losses offset by strengthened balance sheet via debt reduction to near-zero leverage, though inconsistent cash flows signal liquidity risks.

Income Statement

35Negative

Balance Sheet

75Positive

Cash Flow

40Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue249.18M190.12M262.77M216.56M479.42M418.48M
Gross Profit66.58M48.97M68.59M48.18M85.41M60.04M
EBITDA11.72M-4.30M17.61M6.15M23.00M4.10M
Net Income-7.09M-24.58M-2.36M-18.54M-15.95M-23.67M
Balance Sheet
Total Assets427.29M395.63M399.97M388.33M488.61M557.51M
Cash, Cash Equivalents and Short-Term Investments83.74M41.96M118.98M111.97M141.16M122.73M
Total Debt82.66M6.08M120.35M117.21M185.92M189.03M
Total Liabilities148.54M122.82M172.36M158.06M239.25M289.80M
Stockholders Equity276.02M270.09M224.88M227.54M246.64M264.99M
Cash Flow
Free Cash Flow-19.98M-34.62M4.52M40.26M18.96M29.08M
Operating Cash Flow-18.62M-33.79M8.75M41.73M20.67M30.82M
Investing Cash Flow-20.14M-19.63M-1.86M674.00K-1.25M-1.62M
Financing Cash Flow1.77M-20.14M-3.52M-71.67M-9.28M-29.42M

Sino Golf Holdings Limited Technical Analysis

Technical Analysis SentimentNegative
Last Price0.04

Price Trends

50DMA0.04Negative
100DMA0.04Negative
200DMA0.05Negative

Market Momentum

MACD-0.00Negative
RSI44.16Neutral
STOCH20.63Neutral

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 0.04 is below the 20-day moving average (MA) of 0.04, below the 50-day MA of 0.04, and below the 200-day MA of 0.05, indicating a bearish trend. The MACD of -0.00 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

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

HK:0361 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
HK:1126HK:112677OutperformHKD 3.59B6.0914.04%11.32%9.74%-22.82%
HK:2020HK:202075OutperformHKD 206.39B11.0923.92%3.48%16.64%12.58%
HK:2331HK:233168NeutralHKD 35.51B10.1410.62%4.91%6.64%11.99%
Sector *61Neutral$18.38B12.79-2.54%3.03%1.52%-15.83%
HK:0635HK:063555NeutralHKD 1.02B-4.13-5.52%9.09%-18.78%42.15%
HK:0361HK:036151NeutralHKD 222.35M-27.14-2.60%―11.94%54.84%
HK:0180HK:018040UnderperformHKD 215.78M-0.91-14.23%―4.04%-16.43%

* Consumer Cyclical Sector Average

Performance Comparison

-50%-25%0%25%HK:0361HK:2331HK:2020HK:1126HK:0635HK:0180Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
HK:0361 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:0361Sino Golf Holdings Limited0.04-0.05-58.24%
HK:2331Li Ning Company Limited13.75-2.43-15.04%
HK:2020ANTA Sports Products 74.35-4.27-5.43%
HK:1126Dream International 5.30-3.57-40.21%
HK:0635Playmates Holdings 0.490.012.06%
HK:0180Kader Holdings Co. Ltd.0.230.0317.01%

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 Grou...

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 com...

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 de...

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 24, 2026