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Value Convergence Holdings Limited
(0821)
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Rating:50Neutral
Price Target:
HK$0.40
▲(33.33% Upside)
Action:Reiterated
Date:09/15/26
The score is held back primarily by weak financial performance—ongoing losses and negative operating/free cash flow—despite a relatively low-leverage balance sheet. Technicals provide some offset with price trading above key longer-term moving averages and neutral momentum, while valuation remains constrained by a negative P/E tied to unprofitability.
Positive Factors
Low Leverage
Modest debt relative to equity provides some financial resilience and limits interest and refinancing pressure. This conservative leverage profile can preserve flexibility for investment or restructuring, even though continued losses are weakening the balance sheet over time.
Negative Factors
Persistent Net Losses
Repeated net losses indicate that the operating model has not yet produced dependable profitability, limiting retained capital and weakening earnings quality. Even with narrower losses in 2025, the multi-year pattern raises concern that positive earnings power may not be durable over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
Modest debt relative to equity provides some financial resilience and limits interest and refinancing pressure. This conservative leverage profile can preserve flexibility for investment or restructuring, even though continued losses are weakening the balance sheet over time.
Read all positive factors
Value Convergence Holdings Limited (0821) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$152.14M
Dividend YieldN/A
Average Volume (3M)5.95M
Price to Earnings (P/E)―
Beta (1Y)1.38
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. Volume6,304,400
30 Day Avg. Volume5,950,526
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 | -281.12M | -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
0.34
Positive
0.31
Positive
0.32
Positive
Market Momentum
0.03
Positive
55.51
Neutral
24.07
Neutral
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 0.42, below the 50-day MA of 0.34, and below the 200-day MA of 0.32, indicating a bullish trend. The MACD of 0.03 indicates Positive momentum. The RSI at 55.51 is Neutral, neither overbought nor oversold. The STOCH value of 24.07 is Neutral, 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% | |
54 Neutral | HK$45.51M | 23.19 | 0.53% | ― | 27.95% | 876.00% | |
52 Neutral | HK$94.72M | -7.60 | -10.86% | 61.54% | -16.80% | 31.09% | |
51 Neutral | HK$71.19M | -2.75 | -29.52% | 2.30% | -36.37% | -288.55% | |
51 Neutral | HK$64.80M | 16.42 | 3.15% | 9.09% | 76.10% | 68.40% | |
50 Neutral | HK$152.14M | -2.49 | -16.52% | ― | 74.28% | 57.66% | |
41 Neutral | HK$93.53M | -57.27 | -2.93% | 2.76% | 130.87% | 88.89% |
* Financial Sector Average
HK:0821
Value Convergence Holdings Limited
0.43
-0.05
-11.46%
HK:8226
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0.11
-0.02
-13.71%
HK:8340
Vinco Financial Group Limited
0.88
-0.25
-21.88%
HK:8168
Amasse Capital Holdings Limited
0.06
0.01
26.00%
HK:8221
PF Group Holdings Limited
1.56
0.60
62.50%
HK:8333
Astrum Financial Holdings Limited
0.68
0.36
110.94%
Value Convergence Holdings Limited Corporate Events
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 ...
Value Convergence Plans HK$41.4 Million Convertible Bond Placing to Boost Capital and Cut Debt
Jul 10, 2026
Value Convergence Holdings Limited has entered into a placing agreement with VC Brokerage Limited to issue up to HK$41.40 million of convertible bonds under a specific mandate, with at least six investors subscribing on a best-effort basis. Full c...
Value Convergence completes HK$9.1m share placing to bolster working capital
Jul 6, 2026
Value Convergence Holdings Limited has completed a placing of 41,788,000 new shares under its general mandate, raising gross proceeds of about HK$9.1 million at a placing price of HK$0.218 per share. The new shares represent roughly 11.26% of the ...
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.