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Pico Far East Holdings Limited (HK:0752)
:0752
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Pico Far East Holdings (0752) AI Stock Analysis

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HK:0752

Pico Far East Holdings

(0752)

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Outperform 71 (OpenAI - 5.2)
Rating:71Outperform
Price Target:
HK$2.50
▲(12.11% Upside)
Action:Reiterated
Date:08/06/26
The score is driven primarily by solid long-term growth and profitability, tempered by a sharp deterioration in 2025 cash flow (a key risk for earnings quality). Valuation is a clear positive (low P/E and high dividend yield), while technicals are mixed with neutral momentum and the price still below longer-term moving averages.
Positive Factors
Sustained Revenue Growth
The multi-year revenue expansion indicates continued demand for Pico’s integrated event, exhibition, and marketing services. Sustained scale growth can strengthen client relationships, improve operating leverage, and support broader market reach over the medium term.
Negative Factors
Sharp Cash Flow Deterioration
The sharp decline in operating and free cash flow weakens earnings quality and may reflect working-capital swings or higher cash outlays. If persistent, lower cash conversion could constrain dividends, investment, and debt-servicing flexibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Revenue Growth
The multi-year revenue expansion indicates continued demand for Pico’s integrated event, exhibition, and marketing services. Sustained scale growth can strengthen client relationships, improve operating leverage, and support broader market reach over the medium term.
Read all positive factors

Pico Far East Holdings (0752) vs. iShares MSCI Hong Kong ETF (EWH)

Pico Far East Holdings Business Overview & Revenue Model

Company Description
Pico Far East Holdings Limited operates as an investment holding company that delivers a comprehensive array of experiential marketing, event, and brand engagement solutions. The company specializes in designing, managing, and executing exhibition...
How the Company Makes Money
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Pico Far East Holdings Financial Statement Overview

Summary
Strong multi-year revenue growth (~4.1B in 2021 to ~7.2B in 2025) and improved profitability (net margin ~3.4% to ~6.0%; 2025 net income ~436M) support the score. Offsetting factors are softer 2025 operating profit versus 2024 (EBIT down despite higher revenue), rising leverage versus 2023–2024 (debt-to-equity up to ~0.39), and notably weaker cash generation in 2025 (operating cash flow ~379M vs ~949M in 2024; free cash flow down ~62.8%), which raises earnings quality/durability risk.
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
55
Neutral
BreakdownTTMOct 2025Oct 2024Oct 2023Oct 2022Oct 2021
Income Statement
Total Revenue7.09B7.21B6.33B5.33B4.54B4.05B
Gross Profit2.19B2.23B1.94B1.59B1.27B1.09B
EBITDA522.22M578.07M593.12M452.48M337.35M311.59M
Net Income431.62M436.03M357.57M228.08M162.64M136.91M
Balance Sheet
Total Assets6.42B6.25B5.71B5.06B5.01B5.39B
Cash, Cash Equivalents and Short-Term Investments2.54B2.32B1.94B1.31B1.42B1.51B
Total Debt915.26M995.84M593.06M518.11M933.40M876.51M
Total Liabilities3.79B3.70B3.39B2.73B2.83B3.07B
Stockholders Equity2.63B2.55B2.29B2.26B2.11B2.19B
Cash Flow
Free Cash Flow280.66M336.07M917.73M406.68M58.60M220.24M
Operating Cash Flow333.49M379.17M949.34M460.37M147.10M273.99M
Investing Cash Flow-493.72M-247.52M-217.99M-135.96M-128.98M-96.21M
Financing Cash Flow32.34M44.24M-365.86M-561.08M-30.61M11.64M

Pico Far East Holdings Peers Comparison

Overall Rating
UnderperformOutperform
Sector (60)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
74
Outperform
HK$321.64M11.289.67%4.65%4.00%-31.04%
71
Outperform
HK$2.80B6.4616.67%8.66%3.40%12.68%
60
Neutral
$48.67B4.58-11.27%4.14%2.83%-41.78%
52
Neutral
HK$30.00M-5.95-9.74%-9.68%-408.70%
51
Neutral
HK$617.09M-6.81-3.47%16.26%4.37%-4.14%
46
Neutral
HK$572.00M-18.54-44.15%14.29%10.27%-258.26%
44
Neutral
HK$223.20M-2.62-23.30%10.28%-3.83%-698.65%
* Communication Services Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:0752
Pico Far East Holdings
2.20
-0.25
-10.11%
HK:0450
Hung Hing Printing Group Limited
0.69
-0.16
-18.93%
HK:1540
Left Field Printing Group Ltd.
0.65
0.25
61.25%
HK:1975
Sun Hing Printing Holdings Limited
0.47
0.13
37.17%
HK:6113
UTS Marketing Solutions Holdings Ltd.
1.43
-3.09
-68.36%
HK:8419
AV Promotions Holdings Limited
0.08
-0.02
-16.67%

Pico Far East Holdings Corporate Events

Pico Far East Announces Interim Dividend of HKD 0.055 Per Share
Jun 26, 2026
Pico Far East Holdings Limited has declared an interim ordinary cash dividend of HKD 0.055 per share for the six months ended April 30, 2026, for the financial year ending October 31, 2026. The ex-dividend date is set for July 10, 2026, with the r...
Pico Far East Maintains Steady Earnings in First-Half 2026 Despite Revenue Dip
Jun 26, 2026
Pico Far East Holdings reported unaudited interim results for the six months ended April 30, 2026, showing revenue of HK$3.35 billion, slightly down from a year earlier, while gross profit and core operating profit remained broadly stable. The com...
Pico Far East Sets June Board Meeting to Approve Interim Results and Consider Dividend
Jun 11, 2026
Pico Far East Holdings has scheduled a board meeting for June 26, 2026 to review and approve the interim results for the six months ended April 30, 2026, and to authorize their publication. The board will also consider whether to declare an interi...
Pico Far East issues 7.12 million share options to align staff and shareholder interests
May 22, 2026
Pico Far East Holdings has granted share options to certain directors and employees under its 2022 share option scheme, giving them rights to subscribe for 7,120,000 new shares at an exercise price of HK$2.316, compared with a closing share price ...
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: Aug 06, 2026