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SJM Holdings (HK:0880)
:0880
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SJM Holdings (0880) AI Stock Analysis

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HK:0880

SJM Holdings

(0880)

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Neutral 40 (OpenAI - 4o)
Rating:40Neutral
Price Target:
HK$3.00
▲(6.01% Upside)
SJM Holdings faces significant challenges with profitability and cash flow management, reflected in a low financial performance score. The technical analysis indicates weak market momentum, and the valuation is unattractive due to a highly negative P/E ratio. These factors collectively result in a low overall stock score.

SJM Holdings (0880) vs. iShares MSCI Hong Kong ETF (EWH)

SJM Holdings Business Overview & Revenue Model

Company DescriptionSJM Holdings Limited, an investment holding company, owns, develops, and operates casinos and related facilities in Macau, Hong Kong, and internationally. It operates through two segments, Gaming Operations; and Hotel, Catering, Retail and Leasing Operations. The Gaming Operations segment engages in the VIP gaming, mass market table gaming, slot machine, and other gaming operations. The Hotel, Catering, Retail, and Leasing Operations segment operates a hotel; and offers catering, retail, leasing and related activities. SJM Holdings Limited also provides marketing and promotion, property development, casino operations management, dredging, gaming promotion, human resources and project management, food and beverage, treasury, and hospitality services. The company was incorporated in 2006 and is based in Central, Hong Kong. SJM Holdings Limited is a subsidiary of Sociedade de Turismo e Diversões de Macau, S.A.
How the Company Makes MoneySJM Holdings generates revenue primarily through its gaming operations, which include table games, slot machines, and electronic gaming. A significant portion of its earnings comes from the high-stakes gaming market, attracting VIP customers who contribute substantially to the company's overall revenue. The company also benefits from mass market gaming and non-gaming revenue streams, including hotel accommodations, dining, and entertainment services offered at its resorts. Strategic partnerships with other companies in the hospitality and tourism sectors, as well as the management of its gaming licenses in Macau, further enhance its revenue potential. Additionally, SJM Holdings is positioned to capitalize on the increasing tourism to Macau, particularly from mainland China, which plays a crucial role in driving customer traffic and revenue growth.

SJM Holdings Financial Statement Overview

Summary
SJM Holdings is experiencing strong revenue recovery post-pandemic, but profitability remains weak with a net profit margin close to zero. High leverage and low equity returns pose financial risks, and the absence of operating and free cash flow indicates potential liquidity issues.
Income Statement
45
Neutral
SJM Holdings has shown a significant recovery in revenue, with a growth rate of approximately 119% from 2023 to 2024, indicating strong revenue recovery post-pandemic. However, profitability remains a concern as the net profit margin is close to zero in 2024, reflecting minimal net income relative to revenue. EBIT and EBITDA margins have improved to 6.2% and 12.2% respectively, yet still show room for strengthening profitability.
Balance Sheet
40
Negative
The company's debt-to-equity ratio is relatively high at 1.97, indicating a high level of leverage which could pose financial risks if not managed properly. The equity ratio is 28.6%, suggesting a moderate reliance on equity financing. Return on Equity is low at 0.02%, highlighting minimal returns for shareholders despite improved revenues.
Cash Flow
30
Negative
The absence of operating and free cash flow in 2024 is concerning, indicating potential liquidity issues. However, previous years showed positive free cash flow, which suggests that cash flow management needs attention. The lack of recent cash flow data limits further analysis, highlighting the need for improved cash management strategies.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue29.61B17.24B13.14B4.00B5.89B4.14B
Gross Profit16.90B16.50B12.50B3.60B5.55B3.93B
EBITDA3.37B3.92B1.93B-4.77B-2.58B-2.14B
Net Income-16.60M3.20M-2.01B-7.80B-4.14B-3.02B
Balance Sheet
Total Assets48.94B48.72B49.74B52.65B49.91B52.72B
Cash, Cash Equivalents and Short-Term Investments2.40B2.21B3.54B6.86B3.20B6.13B
Total Debt28.23B27.46B28.75B32.43B23.86B20.24B
Total Liabilities34.92B34.55B35.65B36.63B29.50B28.08B
Stockholders Equity13.73B13.92B13.36B16.00B20.34B24.53B
Cash Flow
Free Cash Flow-10.70M2.30B2.11B-5.29B-5.99B-10.94B
Operating Cash Flow2.05B4.06B3.80B-4.22B-4.54B-7.49B
Investing Cash Flow-2.22B-1.41B-1.27B-2.02B-787.70M2.54B
Financing Cash Flow-972.40M-3.74B-5.71B9.49B3.04B1.52B

SJM Holdings Technical Analysis

Technical Analysis Sentiment
Negative
Last Price2.83
Price Trends
50DMA
3.05
Negative
100DMA
2.98
Negative
200DMA
2.67
Positive
Market Momentum
MACD
-0.05
Positive
RSI
37.55
Neutral
STOCH
37.88
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0880, the sentiment is Negative. The current price of 2.83 is below the 20-day moving average (MA) of 2.98, below the 50-day MA of 3.05, and above the 200-day MA of 2.67, indicating a neutral trend. The MACD of -0.05 indicates Positive momentum. The RSI at 37.55 is Neutral, neither overbought nor oversold. The STOCH value of 37.88 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0880.

SJM Holdings Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
$169.32B17.6212.59%3.10%4.94%15.38%
$54.10B12.31452.88%6.16%5.59%-4.38%
$160.73B22.50111.35%2.47%-3.13%-13.65%
$18.38B12.79-2.54%3.03%1.52%-15.83%
$34.59B17.925.60%-4.41%-31.45%
$20.17B8,425.00-0.13%12.29%98.20%
$10.97B-55.84-28.54%13.18%86.18%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:0880
SJM Holdings
2.83
0.10
3.66%
HK:0200
Melco International
4.67
1.07
29.58%
HK:2282
MGM China Holdings
14.88
5.07
51.71%
HK:0027
Galaxy Entertainment Group
38.72
5.00
14.81%
HK:1928
Sands China
20.24
-0.07
-0.34%
HK:1128
Wynn Macau
6.65
0.79
13.46%

SJM Holdings Corporate Events

SJM Holdings to Review Q3 2025 Performance Indicators
Oct 31, 2025

SJM Holdings Limited has announced that its board of directors will hold a meeting on November 12, 2025, to approve the release of selected unaudited key performance indicators for the third quarter of 2025. This announcement is significant as it provides insights into the company’s operational performance and could impact its market positioning and stakeholder interests.

The most recent analyst rating on (HK:0880) stock is a Hold with a HK$3.00 price target. To see the full list of analyst forecasts on SJM Holdings stock, see the HK:0880 Stock Forecast page.

SJM Holdings to Close Casino Emperor Palace, Ensuring Employee Reassignment
Oct 27, 2025

SJM Holdings Limited announced the termination of its agreement with Tin Hou Limited, resulting in the early closure of Casino Emperor Palace in Macau by October 31, 2025. The termination is part of SJM’s broader business strategy and is not expected to adversely affect the company’s overall financial health. Employees will be reassigned within the company, ensuring continuity of employment, while gaming assets will be redeployed to other casinos.

The most recent analyst rating on (HK:0880) stock is a Hold with a HK$3.00 price target. To see the full list of analyst forecasts on SJM Holdings stock, see the HK:0880 Stock Forecast page.

SJM Holdings Reports Revenue Growth Amid Strategic Expansion
Aug 29, 2025

SJM Holdings Limited is a prominent investment holding company based in Hong Kong, primarily engaged in the development and operation of casinos and related facilities, as well as hotel, catering, retail, and leasing services in Macau. The company is a key player in the gaming industry, with a significant presence in Macau’s casino market.

SJM Holdings Expands Casino Lisboa Operations with Strategic Acquisition
Aug 28, 2025

SJM Holdings has announced a connected transaction involving the acquisition of a portion of Hotel Lisboa for HK$529 million. This strategic move aims to expand Casino Lisboa’s operations by adding 7,504 square meters, enhancing its offerings for both VIP and mass-market patrons. The acquisition is expected to strengthen SJM Resorts’ competitive position on the Macau Peninsula and align with its long-term strategy to leverage its heritage brand and capture growth opportunities in Macau’s gaming market.

The most recent analyst rating on (HK:0880) stock is a Hold with a HK$3.00 price target. To see the full list of analyst forecasts on SJM Holdings stock, see the HK:0880 Stock Forecast page.

SJM Holdings Sees Revenue Growth Amidst EBITDA Decline in H1 2025
Aug 28, 2025

SJM Holdings Limited reported a 6.1% increase in total group net revenue for the first half of 2025, reaching HK$14,639 million, driven by a rise in net gaming revenue. Despite this growth, the company experienced a decline in adjusted EBITDA by 5.1% and reported a loss attributable to owners of HK$182 million. The Grand Lisboa Palace Resort and Grand Lisboa both saw increases in occupancy rates and average daily room rates, although their adjusted property EBITDA decreased compared to the previous year. The company maintained a substantial cash reserve but also carried significant debt, with a portion of its banking facilities remaining undrawn.

The most recent analyst rating on (HK:0880) stock is a Hold with a HK$3.00 price target. To see the full list of analyst forecasts on SJM Holdings stock, see the HK:0880 Stock Forecast page.

SJM Holdings to Review Interim Results and Dividend
Aug 18, 2025

SJM Holdings Limited has announced that its board of directors will convene on August 28, 2025, to approve the unaudited interim results for the first half of the year and consider the declaration of an interim dividend. This meeting is significant as it will provide insights into the company’s financial performance and potential shareholder returns, which could impact its market position and stakeholder interests.

The most recent analyst rating on (HK:0880) stock is a Sell with a HK$2.85 price target. To see the full list of analyst forecasts on SJM Holdings stock, see the HK:0880 Stock Forecast page.

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: Oct 31, 2025