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Shunten International (Holdings) Ltd.
(0932)
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Rating:44Neutral
Price Target:
HK$0.03
â–¼(-25.00% Downside)
Action:Reiterated
Date:03/24/26
The score is driven down primarily by volatile profitability and a return to losses in 2025, with technicals also weak as the price sits below key moving averages and MACD is negative. Improved leverage and currently positive/free cash flow provide some support, but negative earnings (and a negative P/E) keep overall risk elevated.
Positive Factors
High gross margins
Very high and stable gross margins (~69%–78%) indicate structural product-level profitability and pricing power. That margin cushion helps absorb input-cost volatility, preserves unit economics, and supports sustainable cash conversion and reinvestment capacity even if volumes soften.
Negative Factors
Multi-year revenue decline
Revenue has contracted steadily from FY2024 to FY2026, eroding scale. Persistent top-line decline reduces operating leverage, limits margin recovery, and constrains the company’s ability to invest in growth or marketing to regain market share over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
High gross margins
Very high and stable gross margins (~69%–78%) indicate structural product-level profitability and pricing power. That margin cushion helps absorb input-cost volatility, preserves unit economics, and supports sustainable cash conversion and reinvestment capacity even if volumes soften.
Read all positive factors
Shunten International (Holdings) Ltd. (0932) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$90.13M
Dividend Yield1.42%
Average Volume (3M)865.60K
Price to Earnings (P/E)―
Beta (1Y)0.18
Revenue Growth-2.32%
EPS Growth26.50%
CountryHK
Employees236
SectorConsumer Defensive
Sector Strength42
IndustryPackaged Foods
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding3,107,893,600
10 Day Avg. Volume508,000
30 Day Avg. Volume865,600
Financial Highlights & Ratios
PEG Ratio0.14
Price to Book (P/B)0.87
Price to Sales (P/S)0.48
P/FCF Ratio10.83
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
Shunten International (Holdings) Ltd. Business Overview & Revenue Model
Company Description
Shunten International (Holdings) Limited operates as an investment firm, primarily focusing on the marketing, sales, and distribution of health and beauty products and dietary supplements. Its commercial activities extend across Hong Kong, Taiwan,...
How the Company Makes Money
Shunten International (Holdings) Ltd. generates revenue by selling consumer products through its e-commerce platforms and brick-and-mortar stores. Its key revenue streams include the direct sale of health, beauty, and lifestyle products and profit...
Shunten International (Holdings) Ltd. Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
45
Neutral
Cash Flow
60
Neutral
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 200.28M | 205.05M | 235.59M | 216.13M | 155.64M |
| Gross Profit | 147.64M | 157.95M | 184.21M | 166.31M | 107.31M |
| EBITDA | -2.84M | -14.67M | 21.47M | 55.24M | -18.47M |
| Net Income | -26.57M | -36.24M | 571.00K | 41.04M | -43.89M |
Balance Sheet | |||||
| Total Assets | 228.02M | 288.90M | 344.33M | 339.45M | 246.77M |
| Cash, Cash Equivalents and Short-Term Investments | 7.37M | 5.53M | 12.70M | 13.11M | 35.28M |
| Total Debt | 88.83M | 128.92M | 122.18M | 86.50M | 121.54M |
| Total Liabilities | 119.12M | 153.56M | 172.73M | 196.04M | 144.12M |
| Stockholders Equity | 110.17M | 136.62M | 172.89M | 146.01M | 105.16M |
Cash Flow | |||||
| Free Cash Flow | 8.89M | 23.66M | 33.77M | 2.94M | 10.46M |
| Operating Cash Flow | 9.28M | 24.02M | 38.78M | 4.84M | 10.46M |
| Investing Cash Flow | 27.63M | -342.00K | -4.95M | -15.27M | 30.29M |
| Financing Cash Flow | -35.09M | -30.84M | -34.10M | 7.45M | -61.66M |
Shunten International (Holdings) Ltd. Technical Analysis
Negative
0.04
Price Trends
0.03
Negative
0.03
Positive
0.03
Negative
Market Momentum
>-0.01
Negative
44.02
Neutral
200.00
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0932, the sentiment is Negative. The current price of 0.04 is above the 20-day moving average (MA) of 0.03, above the 50-day MA of 0.03, and above the 200-day MA of 0.03, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 44.02 is Neutral, neither overbought nor oversold. The STOCH value of 200.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0932.
Shunten International (Holdings) Ltd. Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | HK$1.14B | 7.71 | 6.00% | 8.64% | 4.72% | 20.03% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
57 Neutral | HK$958.73M | 45.57 | 0.45% | 5.76% | -5.24% | -95.65% | |
57 Neutral | HK$101.16M | -38.64 | -0.49% | 5.24% | 30.41% | 98.08% | |
44 Neutral | HK$90.13M | -3.41 | -22.68% | 1.42% | -2.32% | 26.50% | |
42 Neutral | HK$630.91M | 1.93 | -15.63% | 2.57% | -8.40% | -77.49% | |
39 Underperform | HK$92.71M | -0.58 | 38.51% | 0.84% | -7.04% | 8.69% |
* Consumer Defensive Sector Average
HK:0932
Shunten International (Holdings) Ltd.
0.03
>-0.01
-12.12%
HK:3889
Global Sweeteners Holdings Limited
0.04
-0.05
-55.32%
HK:2317
Vedan International (Holdings) Ltd.
0.75
0.09
13.22%
HK:3838
China Starch Holdings Limited
0.17
-0.02
-12.37%
HK:0809
Global Bio-chem Technology Group Co. Ltd.
0.39
-0.58
-59.90%
HK:0841
Asia Cassava Resources Holdings Limited
0.16
0.05
50.47%
Shunten International (Holdings) Ltd. Corporate Events
Shunten International Adds Experienced Finance Executive Chow Wah Hung to Board
Apr 9, 2026
Shunten International (Holdings) Ltd. has appointed 36-year-old finance professional Chow Wah Hung as an executive director effective 9 April 2026, strengthening its board with expertise spanning asset management, private equity, venture capital a...
Shunten International Updates Board and Committee Roles to Strengthen Governance
Apr 9, 2026
Shunten International (Holdings) Limited, incorporated in the Cayman Islands and listed in Hong Kong under stock code 932, has a board comprising executive, non-executive and independent non-executive directors. This governance structure is design...
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.