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Tse Sui Luen Jewellery (International) Ltd (0417) AI Stock Analysis

HK:0417

Tse Sui Luen Jewellery (International) Ltd

(HKEX:0417)

Select Model
Rating:57Neutral
Price Target:HKD 0.61â–¼(-4.72% Downside)
Action:downgraded
Date:11/02/26

Improving profitability and a very low P/E ratio are the main strengths, but they are outweighed by high leverage, declining recent cash generation, and bearish technical positioning. The weighted average of the included components is 57.

Positive Factors
Return to ProfitabilityThe return to positive earnings and operating profit shows that the business has regained profitability after a difficult period. If maintained, positive margins can support reinvestment, strengthen equity, and improve resilience over the next several reporting periods.
Negative Factors
Elevated LeverageDespite improving from 2025, leverage remains a material constraint for a discretionary retailer whose demand can fluctuate with consumer conditions. Higher debt reduces financial flexibility, increases sensitivity to earnings weakness, and may limit investment or shareholder-return choices.

Tse Sui Luen Jewellery (International) Ltd (0417) vs. iShares MSCI Hong Kong ETF (EWH)

-60%-50%-40%-30%-20%-10%0%10%20%HK:0417-52.44%EWH+8.05%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
HKD 145.77M
Dividend Yield
―
Average Volume (3M)
133.91K
Price to Earnings (P/E)
1.3
Beta (1Y)
0.63
Revenue Growth
-1.93%
EPS Growth
―
Country
Hong Kong
Employees
898
Sector
Consumer Cyclical
Sector Strength
61
Industry
Luxury Goods

Tse Sui Luen Jewellery (International) Ltd Business Overview & Revenue Model

Company Description

Tse Sui Luen Jewellery (International) Limited operates as an investment holding company primarily engaged in the creation, distribution, and marketing of jewelry items. Its operations extend across Hong Kong, Macau, Mainland China, Malaysia, and oth...

How the Company Makes Money

The company primarily makes money by selling jewellery products and related services through multiple channels: 1) Retail jewellery sales (core revenue stream) - Revenue is generated from direct-to-consumer sales at the company’s retail points of sal...

Tse Sui Luen Jewellery (International) Ltd Financial Statement Overview

Summary

The company has returned to revenue growth and profitability, but high leverage, volatile equity returns, and sharply weaker recent free cash flow offset the recovery. The score reflects the average of the provided income statement, balance sheet, and cash flow scores.

Income Statement

72Positive

Balance Sheet

55Neutral

Cash Flow

48Neutral
Financial statement breakdown
BreakdownTTMMar 2025Mar 2024Mar 2023Mar 2022Mar 2021
Income Statement
Total Revenue1.68B1.68B1.71B2.65B2.59B2.77B
Gross Profit521.73M521.73M583.51M785.66M908.84M1.06B
EBITDA136.53M144.15M-16.63M-121.90M168.27M248.35M
Net Income114.39M114.39M-197.75M-374.20M-71.54M15.55M
Balance Sheet
Total Assets1.64B1.64B1.68B2.36B2.84B2.71B
Cash, Cash Equivalents and Short-Term Investments83.19M83.19M129.38M179.97M714.50M737.23M
Total Debt698.83M698.83M806.05M1.19B1.33B1.07B
Total Liabilities1.12B1.12B1.33B1.81B1.95B1.66B
Stockholders Equity513.48M513.48M354.02M553.73M894.06M1.05B
Cash Flow
Free Cash Flow47.20M83.66M210.28M68.31M-43.25M253.94M
Operating Cash Flow69.20M105.67M236.68M146.04M86.59M310.05M
Investing Cash Flow39.35M39.42M212.78M-5.12M-132.28M-94.39M
Financing Cash Flow-158.89M-195.42M-501.01M-299.49M58.55M-250.67M

Tse Sui Luen Jewellery (International) Ltd Technical Analysis

Technical Analysis SentimentNegative
Last Price0.64

Price Trends

50DMA0.70Negative
100DMA0.71Negative
200DMA0.78Negative

Market Momentum

MACD-0.03Positive
RSI22.80Positive
STOCH23.04Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0417, the sentiment is Negative. The current price of 0.64 is below the 20-day moving average (MA) of 0.66, below the 50-day MA of 0.70, and below the 200-day MA of 0.78, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 22.80 is Positive, neither overbought nor oversold. The STOCH value of 23.04 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0417.

Tse Sui Luen Jewellery (International) Ltd Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

HK:0417 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
HK:0590HK:059076OutperformHKD 11.84B5.7914.28%7.79%28.96%86.00%
HK:0116HK:011675OutperformHKD 8.28B2.8519.31%8.69%16.22%151.59%
HK:0887HK:088775OutperformHKD 1.81B3.169.96%8.16%8.83%109.28%
Sector *61Neutral$18.38B12.79-2.54%3.03%1.52%-15.83%
HK:1929HK:192959NeutralHKD 108.63B11.9733.61%6.09%5.29%53.87%
HK:0417HK:041757NeutralHKD 145.77M1.2727.01%―-1.93%―
HK:0256HK:025649NeutralHKD 576.37M-4.05-3.03%―-4.85%60.69%

* Consumer Cyclical Sector Average

Performance Comparison

-50%-25%0%25%HK:0417HK:0256HK:0116HK:1929HK:0887HK:0590Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
HK:0417 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:0417Tse Sui Luen Jewellery (International) Ltd0.58-0.67-53.20%
HK:0256Citychamp Watch & Jewellery Group 0.11-0.08-42.19%
HK:0116Chow Sang Sang Holdings International 12.320.524.43%
HK:1929Chow Tai Fook Jewellery Group 11.01-1.85-14.38%
HK:0887Emperor Watch & Jewellery 0.25-0.01-2.34%
HK:0590Luk Fook Holdings (International) 20.16-1.45-6.71%

Tse Sui Luen Jewellery (International) Ltd Corporate Events

Tse Sui Luen Shareholders Approve AGM Resolutions and Appoint New Auditor

Sep 1, 2026

Shareholders of Tse Sui Luen Jewellery (International) Limited approved all resolutions at the annual general meeting held on 1 September 2026, including the adoption of the audited financial statements, re-election of an independent non-executive di...

Tse Sui Luen Details Diamond Misappropriation Case and Tightens Controls

Aug 14, 2026

Tse Sui Luen Jewellery (International) Ltd has disclosed details of criminal proceedings involving a former procurement manager who misappropriated diamonds from certain suppliers between 2017 and 2023, reselling them for personal gain. The misconduc...

Tse Sui Luen backs Deloitte as new auditor to bolster audit quality

Aug 12, 2026

Tse Sui Luen Jewellery (International) Ltd, a Hong Kong-listed jeweller incorporated in Bermuda, operates in the luxury goods and jewellery retail sector, focusing on branded jewellery design, production and sales. The group targets consumers in Hong...

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: Nov 02, 2026