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Milan Station Holdings Limited
(1150)
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Rating:54Neutral
Price Target:
HK$0.08
▼(-12.22% Downside)
Action:Reiterated
Date:10/09/26
The score is held back primarily by weak financial quality—operating profitability and free cash flow are still negative despite a revenue rebound and a return to small net profit. Technicals are supportive with price above major moving averages and positive MACD, but the very high RSI signals the move is stretched. Valuation is moderate (P/E ~12), offering some support but not enough to offset the cash-flow and margin risks.
Positive Factors
Revenue Rebound
The return to revenue growth after two years of contraction indicates early stabilization in the business. Although profitability remains modest, renewed top-line momentum and a move back to net income provide a foundation for rebuilding scale and improving earnings over the next several quarters.
Negative Factors
Weak Operating Profitability
Low gross margin and continued negative EBIT and EBITDA show that the revenue recovery has not yet produced sustainable operating earnings. This limits internal funding capacity and leaves the business vulnerable if it cannot improve unit economics, cost efficiency, or operating leverage.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Rebound
The return to revenue growth after two years of contraction indicates early stabilization in the business. Although profitability remains modest, renewed top-line momentum and a move back to net income provide a foundation for rebuilding scale and improving earnings over the next several quarters.
Read all positive factors
Milan Station Holdings Limited (1150) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$82.44M
Dividend Yield2.65%
Average Volume (3M)2.56M
Price to Earnings (P/E)8.0
Beta (1Y)-0.13
Revenue Growth25.92%
EPS GrowthN/A
CountryHK
Employees20
SectorConsumer Cyclical
Sector Strength84
IndustryLuxury Goods
Share Statistics
EPS (TTM)<0.01
Shares Outstanding1,056,936,600
10 Day Avg. Volume1,933,000
30 Day Avg. Volume2,557,466
Financial Highlights & Ratios
PEG Ratio-1.14
Price to Book (P/B)2.43
Price to Sales (P/S)1.42
P/FCF Ratio-167.83
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
Milan Station Holdings Limited Business Overview & Revenue Model
Company Description
Milan Station Holdings Limited operates as an investment holding company, with its core business centered on the retail of luxury goods, fashion accessories, and spa and wellness products. The company serves customers across Hong Kong, Macau, and ...
Milan Station Holdings Limited Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
58
Neutral
Cash Flow
31
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 124.35M | 125.27M | 111.86M | 172.53M | 233.28M | 245.02M |
| Gross Profit | 10.23M | 11.93M | 8.31M | 25.14M | 54.77M | 70.92M |
| EBITDA | -9.93M | -9.74M | -21.98M | -14.83M | -24.89M | 42.48M |
| Net Income | 10.36M | 1.50M | -26.36M | -27.88M | -45.85M | 20.53M |
Balance Sheet | ||||||
| Total Assets | 109.65M | 112.30M | 103.70M | 117.83M | 140.58M | 172.94M |
| Cash, Cash Equivalents and Short-Term Investments | 74.59M | 65.42M | 46.26M | 33.10M | 38.54M | 64.71M |
| Total Debt | 26.56M | 29.03M | 18.78M | 20.45M | 15.95M | 18.48M |
| Total Liabilities | 38.60M | 39.10M | 31.46M | 33.01M | 27.86M | 38.24M |
| Stockholders Equity | 71.05M | 73.21M | 72.24M | 84.82M | 112.72M | 133.83M |
Cash Flow | ||||||
| Free Cash Flow | 884.00K | -1.06M | -771.00K | -5.65M | -15.44M | -25.76M |
| Operating Cash Flow | 2.52M | 1.78M | -527.00K | -4.03M | -14.81M | -17.14M |
| Investing Cash Flow | -3.24M | -2.84M | -226.00K | -1.58M | 1.66M | -5.71M |
| Financing Cash Flow | 5.19M | 2.78M | 2.96M | -2.51M | 3.07M | -16.16M |
Milan Station Holdings Limited Technical Analysis
Negative
0.09
Price Trends
0.08
Positive
0.08
Negative
0.11
Negative
Market Momentum
<0.01
Positive
49.93
Neutral
56.84
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1150, the sentiment is Negative. The current price of 0.09 is above the 20-day moving average (MA) of 0.08, above the 50-day MA of 0.08, and below the 200-day MA of 0.11, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 49.93 is Neutral, neither overbought nor oversold. The STOCH value of 56.84 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1150.
Milan Station Holdings Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | HK$145.77M | 1.27 | 27.01% | 1.77% | -1.93% | ― | |
54 Neutral | HK$387.55M | -3.87 | -2.87% | 302.27% | -21.99% | -138.89% | |
54 Neutral | HK$82.44M | 7.96 | 14.37% | 2.65% | 25.92% | ― | |
53 Neutral | HK$75.22M | -1.58 | -5.18% | 35.85% | 0.91% | 55.64% | |
47 Neutral | HK$576.37M | -4.05 | -3.03% | 3.75% | -4.85% | 60.69% | |
38 Underperform | HK$60.44M | -0.31 | -108.23% | 0.27% | ― | ― |
* Consumer Cyclical Sector Average
HK:1150
Milan Station Holdings Limited
0.08
-0.08
-51.55%
HK:0256
Citychamp Watch & Jewellery Group
0.11
-0.07
-39.34%
HK:3389
Hengdeli Holdings
0.09
0.05
137.84%
HK:0444
Sincere Watch (Hong Kong)
0.01
0.00
0.00%
HK:0084
Stelux Holdings International Limited
0.07
<0.01
2.86%
HK:0417
Tse Sui Luen Jewellery (International) Ltd
0.59
-0.67
-53.20%
Milan Station Holdings Limited Corporate Events
Milan Station Delays Capital Restructuring Circular and Revises Rights Issue Timetable
Oct 30, 2026
Milan Station Holdings Limited, a Cayman-incorporated retailer listed in Hong Kong under stock code 1150, serves equity investors in the Hong Kong capital market and uses corporate actions to reshape its capital base. Its governance practices incl...
Milan Station Delays Share Capital Restructuring Circular and Revises Timetable
Oct 28, 2026
Milan Station Holdings Limited has delayed the despatch of a key circular to shareholders, which was originally scheduled for 28 October 2026, due to the need for additional time to prepare and finalise the information it will contain. The circula...
Milan Station Unveils Capital Restructuring and HK$76 Million Rights Issue
Oct 7, 2026
Milan Station Holdings plans to increase its authorised share capital from HK$80 million to HK$400 million and consolidate every five existing shares of HK$0.04 into one consolidated share of HK$0.20, alongside a reduction in the trading board lot...
Milan Station Publishes Unaudited Interim Results for First Half of 2026
Aug 28, 2026
Milan Station Holdings Limited, a Hong Kong-listed retail group incorporated in the Cayman Islands, released its unaudited consolidated interim results for the six months ended 30 June 2026. The board currently comprises two executive directors an...
Milan Station Sets August Board Meeting to Review Interim Results and Dividend
Aug 18, 2026
Milan Station Holdings Limited has scheduled a board meeting for 28 August 2026 to review interim results for the six months ended 30 June 2026 and to consider declaring an interim dividend. The announcement signals an upcoming update on the compa...
Milan Station Clarifies Pricing Basis for Disposal of BFB Health Shares
Aug 11, 2026
Milan Station Holdings has provided additional details on its recently announced disposals of listed securities in BFB Health, clarifying how the sale prices were determined with the purchaser on an arm’s length basis and normal commercial t...
Milan Station Sells Entire BFB Health Stake to Fund High-End Luxury Push
Aug 10, 2026
Milan Station Holdings has exited its investment in BFB Health by selling a total of 24,090,000 shares in two tranches between April and August 2026, for aggregate cash proceeds of about HK$11.24 million. Following the second disposal, completed o...
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.