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SiS International Holdings
(0529)
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Rating:63Neutral
Price Target:
HK$2.00
â–¼(-6.98% Downside)
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 Recovery
The 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 Margins
Very 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.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Recovery
The 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.
Read all positive factors
SiS International Holdings (0529) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$465.59M
Dividend Yield1.17%
Average Volume (3M)20.00K
Price to Earnings (P/E)9.6
Beta (1Y)0.09
Revenue Growth6.08%
EPS Growth-86.65%
CountryHK
Employees1,233
SectorTechnology
Sector Strength88
IndustryTechnology Distributors
Share Statistics
EPS (TTM)0.22
Shares Outstanding277,966,640
10 Day Avg. Volume5,800
30 Day Avg. Volume20,000
Financial Highlights & Ratios
PEG Ratio-0.18
Price to Book (P/B)0.17
Price to Sales (P/S)0.06
P/FCF Ratio1.27
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
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, ...
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, reta...
SiS International Holdings Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
64
Positive
Cash Flow
72
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 9.63B | 9.01B | 9.07B | 9.23B | 11.00B |
| Gross Profit | 835.40M | 746.91M | 668.59M | 618.42M | 682.80M |
| EBITDA | 382.78M | 390.22M | 354.77M | 273.45M | 363.34M |
| Net Income | 60.50M | 136.21M | 88.72M | 44.46M | 115.11M |
Balance Sheet | |||||
| Total Assets | 8.74B | 8.53B | 8.60B | 8.84B | 9.64B |
| Cash, Cash Equivalents and Short-Term Investments | 1.38B | 1.47B | 1.37B | 1.26B | 999.88M |
| Total Debt | 2.56B | 2.96B | 3.22B | 3.68B | 4.22B |
| Total Liabilities | 4.42B | 4.35B | 4.55B | 4.92B | 5.74B |
| Stockholders Equity | 3.61B | 3.50B | 3.42B | 3.36B | 3.36B |
Cash Flow | |||||
| Free Cash Flow | 475.52M | 340.90M | 395.33M | 289.95M | -534.52M |
| Operating Cash Flow | 502.54M | 402.79M | 410.44M | 304.55M | -516.58M |
| Investing Cash Flow | -112.36M | 58.96M | 130.67M | -87.03M | 156.56M |
| Financing Cash Flow | -475.11M | -236.61M | -413.88M | -289.43M | 594.91M |
SiS International Holdings Technical Analysis
Positive
2.15
Price Trends
1.78
Positive
1.80
Negative
1.93
Negative
Market Momentum
>-0.01
Negative
55.19
Neutral
51.52
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0529, the sentiment is Positive. The current price of 2.15 is above the 20-day moving average (MA) of 1.74, above the 50-day MA of 1.78, and above the 200-day MA of 1.93, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 55.19 is Neutral, neither overbought nor oversold. The STOCH value of 51.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0529.
SiS International Holdings Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | HK$980.00M | 4.17 | 12.36% | 1.85% | 12.17% | 331.64% | |
75 Outperform | HK$12.66B | 7.09 | 16.01% | 4.91% | 10.80% | 37.32% | |
74 Outperform | HK$232.40M | 22.25 | 5.93% | 1.20% | -32.77% | 337.65% | |
63 Neutral | HK$465.59M | 9.59 | 1.66% | 1.17% | 6.08% | -86.65% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
59 Neutral | HK$2.05B | 4.03 | 34.04% | 5.42% | 120.16% | 263.85% | |
57 Neutral | HK$7.18B | 16.49 | 8.41% | 2.94% | 81.43% | 65.90% |
* Technology Sector Average
HK:0529
SiS International Holdings
1.78
-0.10
-5.23%
HK:0856
VSTECS Holdings Limited
8.51
-0.91
-9.67%
HK:0400
Cogobuy Group
4.27
1.45
51.78%
HK:0595
AV Concept Holdings Limited
1.08
0.67
164.71%
HK:1362
SiS Mobile Holdings Limited
0.83
0.37
80.83%
HK:2166
Smart-Core Holdings Ltd.
3.51
1.65
88.30%
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 perform...
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, signali...
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 wi...
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 ra...
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...
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.