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Truly International Holdings
(0732)
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Rating:58Neutral
Price Target:
HK$0.83
â–²(0.85% Upside)
Action:Reiterated
Date:09/30/26
The score reflects mixed fundamentals led by strong cash-flow generation and a workable balance sheet, offset by weak profitability and declining revenue. Technical indicators are bearish with the stock trading below all major moving averages, while valuation is a relative positive due to a moderate P/E and very high dividend yield.
Positive Factors
Strong cash generation
Strong operating and free cash flow indicate that reported earnings are converting into cash, supporting internal funding for operations and investment. This provides resilience over the next several quarters, although the benefit is moderated by the company’s noted cash-flow volatility and only moderate debt coverage.
Negative Factors
Declining revenue
Falling revenue points to weaker demand, shipment volume, product mix, or pricing across the company’s display and module activities. A continuing top-line contraction would reduce scale benefits, limit operating leverage, and make it harder to sustain margins or fund growth solely through the existing business.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Strong operating and free cash flow indicate that reported earnings are converting into cash, supporting internal funding for operations and investment. This provides resilience over the next several quarters, although the benefit is moderated by the company’s noted cash-flow volatility and only moderate debt coverage.
Read all positive factors
Truly International Holdings (0732) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$2.36B
Dividend Yield12.35%
Average Volume (3M)1.37M
Price to Earnings (P/E)10.2
Beta (1Y)0.79
Revenue Growth-11.48%
EPS Growth-7.38%
CountryHK
Employees13,400
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)0.08
Shares Outstanding2,919,019,300
10 Day Avg. Volume712,400
30 Day Avg. Volume1,367,800
Financial Highlights & Ratios
PEG Ratio-1.84
Price to Book (P/B)0.35
Price to Sales (P/S)0.20
P/FCF Ratio0.64
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
Truly International Holdings Business Overview & Revenue Model
Company Description
Truly International Holdings Limited functions as an investment holding company, primarily engaged in the manufacturing, distribution, and trading of liquid crystal display (LCD) solutions and a range of electronic consumer products. Its business ...
How the Company Makes Money
Truly International Holdings makes money mainly by manufacturing and selling electronic display components and modules to downstream device makers. Its core revenue is generated from (1) sales of display products (such as LCD panels and LCD module...
Truly International Holdings Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
58
Neutral
Cash Flow
72
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 15.36B | 16.50B | 17.84B | 15.59B | 19.29B | 22.54B |
| Gross Profit | 1.22B | 1.28B | 1.39B | 1.98B | 2.28B | 3.42B |
| EBITDA | 1.77B | 1.77B | 1.97B | 2.06B | 2.34B | 3.04B |
| Net Income | 235.14M | 274.18M | 302.08M | 262.80M | 318.23M | 1.38B |
Balance Sheet | ||||||
| Total Assets | 26.92B | 25.87B | 24.75B | 24.51B | 26.49B | 29.73B |
| Cash, Cash Equivalents and Short-Term Investments | 2.99B | 2.74B | 1.07B | 802.29M | 1.70B | 1.65B |
| Total Debt | 8.53B | 7.74B | 6.70B | 6.68B | 7.41B | 6.79B |
| Total Liabilities | 16.62B | 16.22B | 15.40B | 14.68B | 16.15B | 18.07B |
| Stockholders Equity | 9.99B | 9.58B | 9.22B | 9.60B | 9.99B | 11.28B |
Cash Flow | ||||||
| Free Cash Flow | 4.36B | 5.16B | 6.83B | 4.77B | 3.68B | 5.30B |
| Operating Cash Flow | 4.62B | 5.59B | 7.40B | 5.28B | 4.57B | 5.83B |
| Investing Cash Flow | -493.06M | -391.11M | -1.81B | -825.53M | -1.70B | -587.08M |
| Financing Cash Flow | -3.00B | -4.09B | -5.38B | -4.50B | -2.80B | -4.31B |
Truly International Holdings Technical Analysis
Neutral
0.82
Price Trends
0.82
Negative
0.88
Negative
0.93
Negative
Market Momentum
>-0.01
Negative
48.40
Neutral
75.66
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0732, the sentiment is Neutral. The current price of 0.82 is above the 20-day moving average (MA) of 0.81, below the 50-day MA of 0.82, and below the 200-day MA of 0.93, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 48.40 is Neutral, neither overbought nor oversold. The STOCH value of 75.66 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:0732.
Truly International Holdings Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | HK$67.78B | 12.02 | 16.45% | 1.95% | 20.36% | 51.70% | |
66 Neutral | HK$6.05B | 3.43 | 22.89% | 11.20% | 31.14% | 215.73% | |
65 Neutral | HK$50.79B | 19.83 | 6.40% | 0.79% | 4.29% | -49.39% | |
64 Neutral | HK$3.10B | 10.24 | 6.11% | 3.93% | 2.78% | -25.10% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | HK$597.62M | 3.89 | 10.46% | 2.47% | 42.66% | 22.75% | |
58 Neutral | HK$2.36B | 10.23 | 2.40% | 12.35% | -11.48% | -7.38% |
* Technology Sector Average
HK:0732
Truly International Holdings
0.81
-0.29
-26.16%
HK:0285
BYD Electronic (International) Co
22.76
-19.44
-46.07%
HK:1478
Q Technology (Group) Co
4.90
-10.41
-67.97%
HK:2382
Sunny Optical Technology (Group) Co
61.95
-26.38
-29.87%
HK:0710
BOE Varitronix
3.89
-1.65
-29.81%
HK:0334
China Display Optoelectronics Technology Holdings Ltd
0.29
-0.12
-28.75%
Truly International Holdings Corporate Events
Truly International Posts Turnover Decline for August and Year-to-Date 2026
Sep 4, 2026
Truly International Holdings Limited reported unaudited net consolidated turnover of approximately HK$1,344 million for August 2026, down about 7.0% from HK$1,445 million a year earlier. For the eight months ended 31 August 2026, unaudited net acc...
Truly International Posts Lower Interim Profit and Cuts Dividend Amid Revenue Decline
Aug 26, 2026
Truly International Holdings reported unaudited interim results for the six months ended 30 June 2026 showing a notable downturn in performance. Revenue fell 14.1% year-on-year to HK$6.96 billion, while gross profit declined 9.4% to HK$577.3 milli...
Truly International Declares Interim Dividend for First Half of 2026
Aug 26, 2026
Truly International Holdings Limited has declared an interim ordinary cash dividend of HKD 0.03 per share for the six months ended 30 June 2026, for the financial year ending 31 December 2026. The dividend will be paid in Hong Kong dollars, with t...
Truly International Sets August Board Meeting to Approve Interim Results
Aug 11, 2026
Truly International Holdings Limited has scheduled a board meeting in Hong Kong on 26 August 2026 to review and approve the unaudited interim financial results for the six months ended 30 June 2026. The session will take place at the company’...
Truly International Turnover Falls 14% in July and Year-to-Date
Aug 4, 2026
Truly International Holdings reported unaudited net consolidated turnover of approximately HK$1,259 million for July 2026, down about 14.2% from HK$1,468 million a year earlier. For the first seven months of 2026, accumulative turnover fell around...
Truly International Announces Planned Resignation of Executive Director
Jul 30, 2026
Truly International Holdings Limited, a Cayman Islands-incorporated company listed in Hong Kong under stock code 00732, operates through a group structure and is governed by a board that includes executive, non-executive and independent non-execut...
Truly International Updates Board and Committee Line-Up Effective July 2026
Jul 30, 2026
Truly International Holdings Limited has announced the latest composition of its board of directors, effective 31 July 2026, confirming a mix of executive, non-executive and independent non-executive directors. Chairman and Chief Executive Officer...
Truly International Posts 14% Drop in First-Half 2026 Turnover
Jul 7, 2026
Truly International Holdings Limited reported unaudited net consolidated turnover of about HK$1,419 million for June 2026, a 1.5% decline from June 2025. The group’s unaudited net accumulative consolidated turnover for the first half of 2026...
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.