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Theme International Holdings Limited (0990) AI Stock Analysis
Theme International Holdings Limited
(HKEX:0990)
Strong financial performance driven by balance sheet strength and cash flow efficiency is the primary positive factor, with reasonable valuation contributing to stability, while mixed technical indicators limit upside in the overall score.
Theme International Holdings Limited (0990) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 7.99B
- Dividend Yield
- ―
- Average Volume (3M)
- 10.37M
- Price to Earnings (P/E)
- 10.1
- Beta (1Y)
- 0.59
- Revenue Growth
- 7.03%
- EPS Growth
- 123.75%
- Country
- Hong Kong
- Employees
- 378
- Sector
- Basic Materials
- Sector Strength
- 61
- Industry
- Steel
Theme International Holdings Limited Business Overview & Revenue Model
Company Description
Deep Source Holdings Limited, an investment holding company that will officially adopt its new name from Theme International Holdings Limited in July 2025, maintains a diverse portfolio of operations. The company's core business involves the processi...
Theme International Holdings Limited Financial Statement Overview
Summary
Strong balance sheet with growing equity and minimal debt, supported by robust cash flows, though income statement shows declining revenues and thin margins.
Income Statement
45NeutralBalance Sheet
85Very PositiveCash Flow
75Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 26.18B | 21.35B | 40.91B | 55.38B | 39.09B | 34.64B |
| Gross Profit | 892.46M | 809.38M | 1.03B | 1.78B | 2.08B | 1.47B |
| EBITDA | 761.87M | 736.72M | 599.66M | 1.55B | 1.72B | 1.30B |
| Net Income | 776.66M | 719.66M | 296.24M | 1.20B | 1.21B | 997.97M |
Balance Sheet | ||||||
| Total Assets | 28.64B | 22.63B | 18.98B | 16.33B | 13.62B | 9.10B |
| Cash, Cash Equivalents and Short-Term Investments | 4.00B | 8.11B | 6.40B | 5.81B | 4.14B | 895.89M |
| Total Debt | 819.39M | 572.26M | 152.95M | 27.98M | 191.68M | 48.10M |
| Total Liabilities | 19.23B | 14.23B | 11.74B | 9.06B | 7.71B | 4.77B |
| Stockholders Equity | 8.25B | 7.33B | 6.12B | 6.20B | 4.58B | 3.49B |
Cash Flow | ||||||
| Free Cash Flow | 3.00B | 2.92B | 4.38B | 3.06B | 6.62B | 4.73B |
| Operating Cash Flow | 3.14B | 2.92B | 4.39B | 3.07B | 6.65B | 4.86B |
| Investing Cash Flow | -1.54B | 28.82M | -1.61B | -181.44M | -248.66M | -347.42M |
| Financing Cash Flow | 30.09M | -1.63B | -3.30B | -2.93B | -4.46B | -3.94B |
Theme International Holdings Limited Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0990, the sentiment is Negative. The current price of 0.54 is below the 20-day moving average (MA) of 0.56, below the 50-day MA of 0.57, and below the 200-day MA of 0.70, indicating a bearish trend. The MACD of -0.00 indicates Positive momentum. The RSI at 41.68 is Neutral, neither overbought nor oversold. The STOCH value of 27.02 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0990.
Theme International Holdings Limited Peers Comparison
Overall Rating
HK:155365Neutral- HK:099063Neutral
HK:193860Neutral
HK:082648Neutral
HK:105344Neutral
HK:034739Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| HK:1553 | 65Neutral | HKD 616.00M | 5.56 | 7.76% | 8.45% | -35.49% | -32.38% |
| HK:0990 | 63Neutral | HKD 7.99B | 10.07 | 9.97% | ― | 7.03% | 123.75% |
| Sector * | 61Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
| HK:1938 | 60Neutral | HKD 169.87M | 1.21 | 7.82% | ― | -39.70% | -51.97% |
| HK:0826 | 48Neutral | HKD 6.62B | 13.28 | 5.64% | 2.38% | 7.88% | 16.03% |
| HK:1053 | 44Neutral | HKD 12.61B | -3.67 | -18.85% | ― | -6.57% | -6.67% |
| HK:0347 | 39Underperform | HKD 18.92B | -3.49 | -14.44% | ― | -1.18% | -55.60% |
* Basic Materials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:0990 | Theme International Holdings Limited | 0.54 | -0.21 | -28.00% | |
| HK:0347 | Angang Steel Co Class H | 0.99 | -1.08 | -52.16% | |
| HK:0826 | Tiangong International Co. Ltd. | 2.43 | -0.51 | -17.23% | |
| HK:1053 | Chongqing Iron & Steel Co., Ltd. Class H | 0.79 | -0.58 | -42.34% | |
| HK:1553 | Maike Tube Industry Holdings Limited | 1.42 | -0.03 | -2.07% | |
| HK:1938 | Chu Kong Petroleum & Natural Gas Steel Pipe Holdings Ltd. | 0.17 | -0.15 | -47.50% |
Theme International Holdings Limited Corporate Events
Deep Source Wins Extension to Send Circular on Major Subsidiary Disposal
Deep Source Holdings Limited, incorporated in Bermuda and listed on the Hong Kong Stock Exchange, operates with a broad board structure that includes executive, non-executive and independent directors. While the announcement does not describe its ope...
Deep Source Wins Malaysian Approval for AI Data Centre Project
Deep Source Holdings Limited has secured official approval from Malaysia’s Ministry of Investment, Trade and Industry for its artificial intelligence data centre project, subject to meeting water and electricity supply conditions. The company v...
Deep Source Holdings Delivers Strong Interim Profit Growth in 2026
Deep Source Holdings Limited reported a strong interim performance for the six months ended 30 June 2026, with revenue from continuing operations rising to HK$14.96 billion from HK$10.01 billion a year earlier. Gross profit nearly doubled, supported...
Deep Source Sets Board Meeting to Approve Interim Results and Consider Dividend
Deep Source Holdings Limited has scheduled a board meeting for 31 August 2026 to review and approve the interim results for the six months ended 30 June 2026. The board will also consider whether to declare an interim dividend, a decision that could...
Deep Source Wins Extension to Circular Deadline on Major Disposal
Deep Source Holdings Limited has classified the planned disposal of certain subsidiaries as a major transaction under Hong Kong listing rules, securing written shareholder approval in lieu of convening a general meeting. The move underscores an ongoi...
Deep Source Updates Bermuda Registered Office While Maintaining Hong Kong Share Registry
Deep Source Holdings Limited has announced a change in the address of its registered office, principal share registrar and transfer agent in Bermuda, effective 3 August 2026, relocating these functions to Richmond House on Par-la-Ville Road in Hamilt...
Deep Source Holdings Moves to Utilise Share Buyback Mandate
Deep Source Holdings Limited has announced that its board has resolved to use the general share repurchase mandate granted by shareholders at the 30 June 2026 annual meeting to buy back shares on the open market. The mandate allows the company to rep...
Deep Source Holdings to Divest Key Subsidiaries in Major Transaction
Deep Source Holdings has agreed to dispose of its entire equity interests in a group of subsidiaries, including BPI HK, BPI Digital Assets and several overseas units, under a share purchase agreement signed on 9 July 2026. Once the transaction comple...
Deep Source Drops Acquisition to Refocus on Lithium and AI Strategy
Deep Source Holdings Limited has terminated its planned acquisition of a 60% equity interest in an unnamed target company after the conditions precedent under the sale and purchase agreement were not fulfilled, causing the agreement to lapse. The boa...
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 01, 2026