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Orange Sky Golden Harvest Entertainment (Holdings) Limited (1132) AI Stock Analysis

HK:1132

Orange Sky Golden Harvest Entertainment (Holdings) Limited

(HKEX:1132)

Select Model
Rating:53Neutral
Price Target:HKD 0.06â–²(1.79% Upside)
Action:reiterated
Date:10/16/26

The overall score is held up by improving financial performance (profitability recovery, stronger leverage profile, and positive free cash flow), but is materially offset by very weak technicals (price below major moving averages, negative MACD, and deeply oversold momentum) and limited valuation support given the negative P/E and no stated dividend yield.

Positive Factors
Profitability RecoveryThe return to positive earnings and EBIT after substantial losses marks a meaningful operating recovery. The healthy EBITDA margin indicates the cinema model can generate operating profit when conditions improve, providing a stronger base for reinvestment and earnings durability over the next several quarters.
Negative Factors
Revenue ContractionThe decline in revenue shows that improved profitability has not yet been matched by dependable top-line expansion. Inconsistent demand makes it harder to sustain earnings and margins across movie-release cycles, leaving future operating performance more exposed to fluctuations in attendance and cinema spending.

Orange Sky Golden Harvest Entertainment (Holdings) Limited (1132) vs. iShares MSCI Hong Kong ETF (EWH)

-40%-20%0%20%40%60%80%HK:1132-22.22%EWH+7.37%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
HKD 156.78M
Dividend Yield
―
Average Volume (3M)
1.28M
Price to Earnings (P/E)
-1.2
Beta (1Y)
0.54
Revenue Growth
-17.38%
EPS Growth
-360.00%
Country
Hong Kong
Employees
177
Sector
Communication Services
Sector Strength
60
Industry
Entertainment

Orange Sky Golden Harvest Entertainment (Holdings) Limited Business Overview & Revenue Model

Company Description

Established in 1970 and headquartered in Wan Chai, Hong Kong, Orange Sky Golden Harvest Entertainment (Holdings) Limited serves as an investment holding company with a comprehensive involvement in the film entertainment sector. Its business activitie...

How the Company Makes Money

The company primarily makes money through film exhibition and cinema operations. Its key revenue streams typically include (1) box office receipts from selling movie tickets, (2) food and beverage and other concession sales within cinemas, and (3) an...

Orange Sky Golden Harvest Entertainment (Holdings) Limited Financial Statement Overview

Summary

Financials show a turnaround with restored profitability in 2025 (positive net income, ~8.4% net margin; positive EBIT) and a healthy EBITDA margin (~22%). Balance sheet leverage has improved materially (debt-to-equity ~0.13), but revenue declined in 2025 (~-6.4%) and both earnings and cash flows have been volatile across prior years, keeping the score moderate.

Income Statement

58Neutral

Balance Sheet

74Positive

Cash Flow

55Neutral
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue719.38M673.25M734.26M799.76M696.00M514.90M
Gross Profit499.47M447.46M484.21M518.31M449.07M321.60M
EBITDA47.50M150.82M42.12M189.12M147.58M-52.77M
Net Income-24.88M56.38M-242.64M-90.40M-46.15M-314.91M
Balance Sheet
Total Assets2.10B1.75B2.12B3.43B3.53B4.36B
Cash, Cash Equivalents and Short-Term Investments152.21M258.62M133.57M160.28M283.55M695.37M
Total Debt386.92M171.93M568.81M994.00M1.05B1.79B
Total Liabilities691.77M458.03M947.66M1.97B2.01B2.82B
Stockholders Equity1.41B1.29B1.17B1.46B1.52B1.55B
Cash Flow
Free Cash Flow-8.28M108.20M76.34M58.93M28.61M-38.89M
Operating Cash Flow-5.56M114.26M90.66M145.74M105.89M86.08M
Investing Cash Flow-5.16M275.82M315.42M-115.12M164.06M-107.69M
Financing Cash Flow-277.26M-269.29M-394.58M-190.71M-675.26M-268.06M

Orange Sky Golden Harvest Entertainment (Holdings) Limited Technical Analysis

Technical Analysis SentimentNegative
Last Price0.06

Price Trends

50DMA0.08Negative
100DMA0.08Negative
200DMA0.07Negative

Market Momentum

MACD-0.01Positive
RSI30.68Neutral
STOCH25.06Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1132, the sentiment is Negative. The current price of 0.06 is below the 20-day moving average (MA) of 0.07, below the 50-day MA of 0.08, and below the 200-day MA of 0.07, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 30.68 is Neutral, neither overbought nor oversold. The STOCH value of 25.06 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1132.

Orange Sky Golden Harvest Entertainment (Holdings) Limited Peers Comparison

Overall Rating

UnderperformOutperform
Sector (60)

Financial Indicators

HK:1132 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
HK:2230HK:223067NeutralHKD 369.73M6.588.62%7.66%-0.96%6.59%
Sector *60Neutral$48.67B4.58-11.27%4.14%2.83%-41.78%
HK:1046HK:104658NeutralHKD 1.31B-119.83-4.73%―-74.59%82.64%
HK:1132HK:113253NeutralHKD 156.78M-1.16-10.79%―-17.38%-360.00%
HK:0391HK:039144NeutralHKD 1.47B-34.93-19.16%―-10.26%27.08%
HK:0419HK:041943NeutralHKD 667.72M-12.62-39.91%―-41.34%78.52%
HK:0953HK:095342NeutralHKD 168.93M-4.67-7.85%―-53.42%-2490.00%

* Communication Services Sector Average

Performance Comparison

0%100%200%HK:1132HK:0391HK:0953HK:1046HK:2230HK:0419Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
HK:1132 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:1132Orange Sky Golden Harvest Entertainment (Holdings) Limited0.06-0.01-18.84%
HK:0391Mei Ah Entertainment Group Limited0.250.15145.54%
HK:0953Shaw Brothers Holdings Limited0.12-0.23-66.00%
HK:1046Universe Entertainment and Culture Group Company Limited1.450.97202.08%
HK:2230Medialink Group Ltd.0.19-0.05-19.67%
HK:0419Huayi Tencent Entertainment Co., Ltd.0.38-0.10-20.83%

Orange Sky Golden Harvest Entertainment (Holdings) Limited Corporate Events

Orange Sky Golden Harvest hit by board reshuffle and listing rule breach

Oct 8, 2026

Orange Sky Golden Harvest Entertainment announced the resignation of independent non-executive director Du Yan, who also chaired the remuneration committee and sat on the audit and nomination committees, effective 8 October 2026. The board thanked Du...

Orange Sky Golden Harvest reshapes board and committee roles

Oct 8, 2026

Orange Sky Golden Harvest Entertainment (Holdings) Limited has updated the composition of its board of directors, effective 8 October 2026, listing five executive directors, led by chairman Wu Kebo, and two independent non-executive directors. The bo...

Orange Sky Golden Harvest Strengthens Board with New Independent Director

Sep 14, 2026

Orange Sky Golden Harvest Entertainment (Holdings) Limited has appointed Ms. Du Yan as an independent non-executive director, replacing Ms. Wong Sze Wing following her resignation from the board. Du will also assume the roles of chairman of the remun...

Orange Sky Golden Harvest refreshes board and committee structure

Sep 14, 2026

Orange Sky Golden Harvest Entertainment (Holdings) Limited has updated its board composition effective 14 September 2026, confirming a slate of five executive directors led by chairman Wu Kebo and three independent non-executive directors. The refres...

Orange Sky Golden Harvest Swings to Interim Loss on Legal Hit and Cinema Exit

Aug 28, 2026

Orange Sky Golden Harvest reported interim results for the six months ended 30 June 2026 showing a sharp reversal from profit to loss, as revenue fell 22% year-on-year to HK$283.8 million and gross profit declined 23% to HK$186.8 million, while maint...

Orange Sky Golden Harvest Warns of Interim Loss on Legal and One-Off Charges

Aug 20, 2026

Orange Sky Golden Harvest Entertainment has issued a profit warning, indicating it expects to post a net loss of up to HK$60 million for the six months ended 30 June 2026, reversing a net gain of HK$137 million recorded a year earlier. The company ca...

Orange Sky Golden Harvest Sets Board Meeting to Approve Interim Results and Potential Dividend

Aug 18, 2026

Orange Sky Golden Harvest Entertainment (Holdings) Limited has scheduled a board meeting for 28 August 2026 to review and approve the interim results for the six months ended 30 June 2026. The board will also consider the declaration of an interim di...

Orange Sky Golden Harvest Shifts Bermuda Registered Office While Keeping Hong Kong Share Services Unchanged

Aug 6, 2026

Orange Sky Golden Harvest Entertainment has changed 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 Hamilton....

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 16, 2026