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SiS International Holdings (0529) AI Stock Analysis

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HK:0529

SiS International Holdings

(HKEX:0529)

Select Model
Rating:63Neutral
Price Target:HKD 2.00â–²(19.40% Upside)
Action:reiterated
Date:10/01/26

The score is primarily supported by improving balance-sheet leverage and strong recent free-cash-flow generation, along with a relatively low P/E valuation. These positives are tempered by very thin margins and volatile profitability, and by a weaker technical picture with the price trading below key moving averages and slightly negative MACD.

Positive Factors
Revenue RecoveryThe strong 2025 revenue rebound shows renewed scale in the distribution business and can improve the company’s ability to absorb operating costs. If maintained, broader sales activity should support channel relevance and provide a foundation for rebuilding earnings over the next several quarters.
Negative Factors
Thin MarginsVery thin margins leave limited protection against cost increases, pricing pressure, or unfavorable product mix in the distribution model. Even modest operating disruption can therefore reduce earnings materially, while the low margin base limits the company’s ability to convert revenue growth into stronger profitability.

SiS International Holdings (0529) vs. iShares MSCI Hong Kong ETF (EWH)

-20%-10%0%10%20%30%HK:0529-15.06%EWH+7.37%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
HKD 586.51M
Dividend Yield
1.24%
Average Volume (3M)
56.74K
Price to Earnings (P/E)
9.6
Beta (1Y)
0.13
Revenue Growth
6.08%
EPS Growth
-86.65%
Country
Hong Kong
Employees
1,233
Sector
Technology
Sector Strength
61
Industry
Technology Distributors

SiS International Holdings Business Overview & Revenue Model

Company Description

SiS International Holdings Limited operates as an investment and holding entity, primarily engaged in the distribution of mobile and information technology (IT) products. The company supplies a wide array of goods, including consumer electronics, net...

How the Company Makes Money

SiS International Holdings primarily makes money through IT product distribution. Its core revenue stream is the sale of third-party technology products (including hardware, software, and related IT products) to resellers, system integrators, retaile...

SiS International Holdings Financial Statement Overview

Summary

Mixed but stable fundamentals: revenue rebounded strongly in 2025, leverage improved materially (debt-to-equity down to ~0.71), and free cash flow is a key strength (2025 FCF up ~38% to ~475.5M). Offsetting this, profitability remains very thin for a distributor (net margin ~0.6%) and net income fell sharply versus 2024 despite higher sales, indicating cost pressure and volatile earnings.

Income Statement

58Neutral

Balance Sheet

64Positive

Cash Flow

72Positive
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue9.63B9.63B9.01B9.07B9.23B11.00B
Gross Profit835.40M835.40M746.91M668.59M618.42M682.80M
EBITDA383.51M382.78M390.22M354.77M273.45M363.34M
Net Income60.50M60.50M136.21M88.72M44.46M115.11M
Balance Sheet
Total Assets8.74B8.74B8.53B8.60B8.84B9.64B
Cash, Cash Equivalents and Short-Term Investments1.38B1.38B1.47B1.37B1.26B999.88M
Total Debt2.56B2.56B2.96B3.22B3.68B4.22B
Total Liabilities4.42B4.42B4.35B4.55B4.92B5.74B
Stockholders Equity3.61B3.61B3.50B3.42B3.36B3.36B
Cash Flow
Free Cash Flow512.17M475.52M340.90M395.33M289.95M-534.52M
Operating Cash Flow539.19M502.54M402.79M410.44M304.55M-516.58M
Investing Cash Flow-112.36M-112.36M58.96M130.67M-87.03M156.56M
Financing Cash Flow-475.11M-475.11M-236.61M-413.88M-289.43M594.91M

SiS International Holdings Technical Analysis

Technical Analysis SentimentNegative
Last Price1.68

Price Trends

50DMA1.75Negative
100DMA1.78Negative
200DMA1.90Negative

Market Momentum

MACD-0.02Positive
RSI42.30Neutral
STOCH12.30Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0529, the sentiment is Negative. The current price of 1.68 is below the 20-day moving average (MA) of 1.74, below the 50-day MA of 1.75, and below the 200-day MA of 1.90, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 42.30 is Neutral, neither overbought nor oversold. The STOCH value of 12.30 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0529.

SiS International Holdings Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

HK:0529 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
HK:1362HK:136274OutperformHKD 231.00M22.125.93%1.21%-32.77%337.65%
HK:0856HK:085666NeutralHKD 11.05B6.4116.01%5.43%10.80%37.32%
HK:0529HK:052963NeutralHKD 465.59M9.591.66%1.24%6.08%-86.65%
HK:2166HK:216662NeutralHKD 1.84B3.8134.04%5.74%120.16%263.85%
Sector *61Neutral$37.18B12.37-10.20%1.83%8.50%-7.62%
HK:0595HK:059560NeutralHKD 1.07B4.7112.36%1.64%12.17%331.64%
HK:0400HK:040044NeutralHKD 5.35B12.588.41%―81.43%65.90%

* Technology Sector Average

Performance Comparison

0%100%200%300%HK:0529HK:0856HK:0400HK:0595HK:1362HK:2166Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
HK:0529 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:0529SiS International Holdings 1.68-0.30-15.06%
HK:0856VSTECS Holdings Limited7.70-1.58-17.06%
HK:0400Cogobuy Group3.270.4415.72%
HK:0595AV Concept Holdings Limited1.220.82206.53%
HK:1362SiS Mobile Holdings Limited0.820.3468.71%
HK:2166Smart-Core Holdings Ltd.3.311.5385.51%

SiS International Holdings Corporate Events

SiS International Lifts Revenue but Earnings and Comprehensive Income Weaken in First Half 2026

Aug 28, 2026

SiS International Holdings Limited reported unaudited interim revenue of HK$4.72 billion for the six months ended 30 June 2026, up from HK$4.34 billion a year earlier, with gross profit rising to HK$425.9 million. Despite stronger top-line performanc...

SiS International Sets August Board Meeting to Review Interim Results and Dividend

Aug 17, 2026

SiS International Holdings has scheduled a board meeting for 28 August 2026 to review and approve the group’s interim results for the six months ended 30 June 2026. The board will also consider the declaration of an interim dividend, signaling...

SiS International Clarifies Pricing and Ups Caps on Connected IT Supply Deals

Aug 14, 2026

SiS International Holdings has issued supplemental details on its continuing connected transactions with SiS Cambodia under a master supply agreement, clarifying that pricing for IT products and services will follow a cost-plus model. The group will...

SiS Thai Delivers Higher Revenue and Profit in H1 2026, Boosting Group Exposure to Thai IT Market

Aug 10, 2026

SiS Distribution (Thailand) Public Company Limited, the 60.8%-owned Thai IT distribution arm of SiS International Holdings, has reported stronger interim unaudited results for the six months ended 30 June 2026. The subsidiary distributes a wide range...

SiS International expands Cambodia IT supply under connected-party deal

Jul 7, 2026

SiS International Holdings has entered into a Master Supply Agreement under which its subsidiaries in Thailand, Hong Kong and Singapore will supply IT products and related services to SiS Cambodia from 7 July 2026 to 31 December 2028. SiS Cambodia is...

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: Oct 01, 2026