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Value Convergence Holdings Limited
(0821)
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Rating:50Neutral
Price Target:
HK$0.49
▲(63.33% Upside)
Action:Reiterated
Date:10/08/26
The score is weighed down primarily by weak financial performance—recurring losses and ongoing negative operating/free cash flow—despite a relatively conservative balance sheet. Technicals are a supporting factor with a strong uptrend, but overbought signals increase near-term reversal risk. Valuation provides limited support due to the negative P/E and lack of dividend yield data.
Positive Factors
Conservative Leverage
Modest debt relative to equity provides a meaningful solvency cushion while the company navigates weak profitability. Lower leverage can reduce refinancing and interest burdens, preserve strategic flexibility, and give management more time to improve operations without excessive balance-sheet pressure.
Negative Factors
Persistent Net Losses
Recurring net losses point to a business model that has not yet established dependable earnings power. Prolonged losses can erode equity, constrain reinvestment, and increase reliance on balance-sheet resources, making durable value creation dependent on a meaningful profitability turnaround.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Leverage
Modest debt relative to equity provides a meaningful solvency cushion while the company navigates weak profitability. Lower leverage can reduce refinancing and interest burdens, preserve strategic flexibility, and give management more time to improve operations without excessive balance-sheet pressure.
Read all positive factors
Value Convergence Holdings Limited (0821) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$213.37M
Dividend YieldN/A
Average Volume (3M)6.53M
Price to Earnings (P/E)―
Beta (1Y)0.80
Revenue Growth74.28%
EPS Growth57.66%
CountryHK
Employees67
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)-0.17
Shares Outstanding371,085,200
10 Day Avg. Volume4,875,200
30 Day Avg. Volume6,533,066
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)0.26
Price to Sales (P/S)1.85
P/FCF Ratio-21.32
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
Value Convergence Holdings Limited Business Overview & Revenue Model
Company Description
Value Convergence Holdings Limited operates as an investment holding company, delivering a comprehensive suite of financial services across Hong Kong. Its operations are structured into six distinct divisions: Brokerage and Financing, Corporate Fi...
How the Company Makes Money
The company makes money primarily by generating revenue from its operating subsidiaries and investee businesses within digital entertainment (notably online games) and media/content-related activities. In general, for an online-gaming-oriented ope...
Value Convergence Holdings Limited Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
67
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 57.37M | 49.73M | 66.05M | -50.73M | -97.59M | 89.81M |
| Gross Profit | 48.78M | 35.35M | 66.05M | -66.71M | -108.68M | 109.20M |
| EBITDA | -48.60M | -53.36M | -76.05M | -281.56M | -169.15M | 46.36M |
| Net Income | -55.84M | -62.60M | -127.02M | -287.75M | -178.09M | 15.19M |
Balance Sheet | ||||||
| Total Assets | 371.11M | 497.86M | 451.60M | 569.15M | 808.90M | 999.07M |
| Cash, Cash Equivalents and Short-Term Investments | 13.69M | 189.10M | 18.39M | 17.72M | 332.90M | 507.00M |
| Total Debt | 39.41M | 43.88M | 13.48M | 28.70M | 33.80M | 37.01M |
| Total Liabilities | 53.92M | 139.47M | 66.91M | 55.87M | 61.25M | 72.17M |
| Stockholders Equity | 317.91M | 358.03M | 384.73M | 513.72M | 747.64M | 926.90M |
Cash Flow | ||||||
| Free Cash Flow | -86.16M | -4.31M | -8.37M | -27.49M | -6.58M | 45.45M |
| Operating Cash Flow | -85.37M | -3.52M | -8.23M | -27.37M | -6.26M | 47.46M |
| Investing Cash Flow | 51.52M | 52.14M | -216.00K | -15.62M | 33.66M | -107.19M |
| Financing Cash Flow | 28.18M | 35.96M | 9.17M | 28.37M | -7.61M | 70.07M |
Value Convergence Holdings Limited Technical Analysis
Positive
0.30
Price Trends
0.39
Positive
0.34
Positive
0.32
Positive
Market Momentum
0.04
Negative
67.04
Neutral
83.29
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0821, the sentiment is Positive. The current price of 0.3 is below the 20-day moving average (MA) of 0.44, below the 50-day MA of 0.39, and below the 200-day MA of 0.32, indicating a bullish trend. The MACD of 0.04 indicates Negative momentum. The RSI at 67.04 is Neutral, neither overbought nor oversold. The STOCH value of 83.29 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0821.
Value Convergence Holdings Limited Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
60 Neutral | HK$65.76M | 11.73 | 4.37% | 9.09% | 76.10% | 68.40% | |
54 Neutral | HK$43.00M | 20.43 | 0.53% | ― | 27.95% | 876.00% | |
52 Neutral | HK$98.53M | -5.06 | -11.05% | 61.54% | -16.80% | 31.09% | |
51 Neutral | HK$80.39M | -3.40 | -29.52% | 2.30% | -36.37% | -288.55% | |
50 Neutral | HK$213.37M | -2.87 | -16.52% | ― | 74.28% | 57.66% | |
41 Neutral | HK$93.53M | -48.46 | -3.85% | 2.76% | 130.87% | 88.89% |
* Financial Sector Average
HK:0821
Value Convergence Holdings Limited
0.58
0.11
25.00%
HK:8226
KOALA Financial Group
0.10
-0.02
-14.17%
HK:8340
Vinco Financial Group Limited
1.01
0.08
9.24%
HK:8168
Amasse Capital Holdings Limited
0.06
-0.01
-14.86%
HK:8221
PF Group Holdings Limited
2.07
1.06
104.95%
HK:8333
Astrum Financial Holdings Limited
0.69
0.31
80.26%
Value Convergence Holdings Limited Corporate Events
Value Convergence delays board gender diversity compliance, targets Q4 appointment
Oct 9, 2026
Value Convergence Holdings has disclosed that its board remains single-gender and therefore non-compliant with Hong Kong Listing Rule 13.92 and the corporate governance code requirement for board diversity. The company cites difficulties in identi...
Value Convergence Shareholders Back Placing Mandate at Extraordinary Meeting
Sep 21, 2026
Shareholders of Value Convergence Holdings Limited have overwhelmingly approved an ordinary resolution at an extraordinary general meeting held in Hong Kong on 21 September 2026. The resolution, passed by poll with 99.99% of votes in favour, ratif...
Value Convergence Calls EGM to Approve HK$41.4 Million Convertible Bond Placing
Sep 1, 2026
Value Convergence Holdings Limited has called an extraordinary general meeting in Hong Kong on 21 September 2026 for shareholders to vote on approving a placing agreement with VC Brokerage Limited involving the issue of convertible bonds worth up ...
Value Convergence Publishes Unaudited Interim Results for First Half of 2026
Aug 31, 2026
Value Convergence Holdings Limited has released its unaudited condensed consolidated interim results for the six months ended 30 June 2026, together with comparative figures for the same period in 2025. The announcement confirms that the Board and...
Value Convergence Discloses Auditor Rebranding to CLA Prism Hong Kong
Aug 26, 2026
Value Convergence Holdings Limited announced that its appointed auditor has changed its name from Prism Hong Kong Limited to CLA Prism Hong Kong Limited, with effect from 21 August 2026. The announcement indicates a rebranding of the audit firm ra...
Value Convergence Sets August Board Meeting to Approve Interim Results and Consider Dividend
Aug 18, 2026
Value Convergence Holdings Limited, a Hong Kong-incorporated and listed financial group, maintains a board of five executive and three independent non-executive directors. This governance framework underscores its alignment with local regulatory s...
Value Convergence Targets Q3 2026 for Board Diversity Compliance
Jul 29, 2026
Value Convergence Holdings Limited has disclosed that its board remains single-gender and therefore non-compliant with Rule 13.92 of the Hong Kong Listing Rules and the related corporate governance code requirement on board diversity. The company ...
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.