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Easyknit International Holdings Ltd
(1218)
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Rating:48Neutral
Price Target:
HK$1.00
▼(-69.04% Downside)
Action:Reiterated
Date:08/28/26
The score is held down primarily by weak financial performance, driven by heavy losses and deteriorated margins in recent years despite improving leverage and recently positive (but inconsistent) free cash flow. Technicals provide a modest offset with short-term strength and positive MACD, though overbought RSI/Stochastic and a still-weak longer-term trend temper the outlook. Valuation is difficult to support because earnings are negative and no dividend yield is available.
Positive Factors
Improving Leverage
Lower debt relative to equity reduces balance-sheet strain and improves financial flexibility. This provides greater resilience for funding property activities while profitability remains under pressure.
Negative Factors
Persistent Losses and Weak Margins
Sustained losses and weaker gross margins indicate that the current earnings model lacks dependable profitability. Continued weak margins could constrain reinvestment, reduce equity value creation, and offset balance-sheet improvements.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving Leverage
Lower debt relative to equity reduces balance-sheet strain and improves financial flexibility. This provides greater resilience for funding property activities while profitability remains under pressure.
Read all positive factors
Easyknit International Holdings Ltd (1218) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$190.89M
Dividend Yield1.23%
Average Volume (3M)906.00
Price to Earnings (P/E)―
Beta (1Y)-0.21
Revenue Growth-18.34%
EPS Growth-2733.66%
CountryHK
Employees22
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)-2.94
Shares Outstanding147,976,800
10 Day Avg. Volume0
30 Day Avg. Volume906
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)0.17
Price to Sales (P/S)0.54
P/FCF Ratio1.86
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
Easyknit International Holdings Ltd Business Overview & Revenue Model
Company Description
Operating as an investment holding company, Easyknit International Holdings Limited is primarily involved in the development, investment, and stewardship of real estate assets across Hong Kong. Its diverse property portfolio encompasses residentia...
How the Company Makes Money
Easyknit International Holdings Ltd generates revenue primarily from its property and healthcare businesses. In property, it makes money through (i) sale of developed properties (recognized when units/projects are delivered/handed over under appli...
Easyknit International Holdings Ltd Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
41
Neutral
Cash Flow
46
Neutral
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 398.43M | 488.49M | 227.11M | 86.76M | 350.78M |
| Gross Profit | 24.06M | -17.05M | 58.08M | 58.98M | 174.99M |
| EBITDA | -239.67M | 81.74M | -258.48M | 92.78M | -5.49M |
| Net Income | -435.32M | -717.67M | -253.24M | 13.28M | 979.44M |
Balance Sheet | |||||
| Total Assets | 2.30B | 3.33B | 8.74B | 9.19B | 8.92B |
| Cash, Cash Equivalents and Short-Term Investments | 96.04M | 87.88M | 547.88M | 541.75M | 567.14M |
| Total Debt | 767.32M | 1.27B | 3.67B | 3.53B | 3.56B |
| Total Liabilities | 1.01B | 1.60B | 4.14B | 4.20B | 3.98B |
| Stockholders Equity | 1.29B | 1.73B | 2.41B | 3.45B | 4.18B |
Cash Flow | |||||
| Free Cash Flow | 115.38M | 358.85M | -337.70M | -138.95M | -453.63M |
| Operating Cash Flow | 115.41M | 358.93M | -336.26M | -135.54M | -440.97M |
| Investing Cash Flow | 35.81M | -239.07M | 284.20M | 420.63M | -233.89M |
| Financing Cash Flow | -125.02M | -411.61M | -28.03M | -66.69M | 550.52M |
Easyknit International Holdings Ltd Technical Analysis
Negative
3.23
Price Trends
1.18
Negative
1.24
Negative
1.38
Negative
Market Momentum
0.03
Positive
38.72
Neutral
69.28
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1218, the sentiment is Negative. The current price of 3.23 is above the 20-day moving average (MA) of 1.22, above the 50-day MA of 1.18, and above the 200-day MA of 1.38, indicating a bearish trend. The MACD of 0.03 indicates Positive momentum. The RSI at 38.72 is Neutral, neither overbought nor oversold. The STOCH value of 69.28 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1218.
Easyknit International Holdings Ltd Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
48 Neutral | HK$190.89M | -0.40 | -29.89% | 1.23% | -18.34% | -2733.66% | |
46 Neutral | HK$127.94M | -0.01 | 43.10% | 10.37% | -66.81% | 17.12% | |
44 Neutral | HK$151.16M | -0.12 | -2330.18% | 1.56% | -61.61% | 37.75% | |
43 Neutral | HK$164.93M | <0.01 | 233.62% | 2.06% | 25.99% | ― | |
42 Neutral | HK$170.00M | -0.02 | 592.20% | 41.82% | -55.40% | -340.10% | |
39 Underperform | HK$194.26M | -0.02 | 116.03% | 19.57% | -21.66% | 0.74% |
* Real Estate Sector Average
HK:1218
Easyknit International Holdings Ltd
1.18
-0.47
-28.48%
HK:1966
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Zensun Enterprises Limited
0.07
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-40.00%
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Zhongliang Holdings Group Company Limited
0.04
-0.05
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Yuzhou Group Holdings Co., Ltd.
0.11
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Ronshine China Holdings Ltd.
0.07
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-64.39%
Easyknit International Holdings Ltd Corporate Events
Easyknit Shareholders Back All Resolutions at 2026 AGM
Aug 25, 2026
Easyknit International Holdings Ltd, a Bermuda-incorporated investment holding company listed in Hong Kong under stock code 1218, maintains a board comprising executive and independent non-executive directors and engages an external auditor to ove...
Easyknit Shareholders Unanimously Back Share Subdivision at Special Meeting
Aug 25, 2026
Easyknit International Holdings Ltd announced that shareholders overwhelmingly approved an ordinary resolution to implement a share subdivision at a special general meeting held on 25 August 2026. The poll results showed 41,352,144 votes cast in f...
Easyknit details rationale for investing in China’s Best Food Group
Aug 11, 2026
Easyknit International Holdings has provided additional details on its acquisition of listed securities in Best Food Group, a food and beverage operator in the Chinese market, explaining the board’s assessment of the target’s performan...
Easyknit Clarifies Rumors on Potential Sale of Kowloon Property The Quad
Aug 7, 2026
Easyknit International Holdings has issued a clarification addressing media reports and market rumors about a potential sale of its Kowloon property, The Quad, confirming it is in talks with independent third parties over a possible disposal. The ...
Easyknit Calls Special Meeting to Approve Share Subdivision
Aug 4, 2026
Easyknit International Holdings Ltd has called a special general meeting for 25 August 2026 in Hong Kong to seek shareholder approval for a proposed share subdivision. The meeting will consider an ordinary resolution that would change every author...
Easyknit International Shifts Bermuda Registered Office, Keeps Share Registrar Unchanged
Jul 29, 2026
Easyknit International Holdings Ltd has announced that, effective 3 August 2026, its registered office address in Bermuda will be relocated to Richmond House, 12 Par-la-Ville Road, Hamilton HM 08, Bermuda. The company emphasized that its principal...
Easyknit lifts stake in Best Food as part of securities investment push
Jul 28, 2026
Easyknit International, through its wholly owned unit Gold Winner, has raised its stake in Hong Kong-listed restaurant operator Best Food to about 5.31%, acquiring 10,326,000 shares on the open market for HK$8.78 million funded from internal resou...
Easyknit International Sets 2026 AGM to Approve Results, Board Mandates and Share Issue Authority
Jul 23, 2026
Easyknit International Holdings Ltd has called its Annual General Meeting for 25 August 2026 in Hong Kong, where shareholders will review and adopt the audited consolidated financial statements for the year ended 31 March 2026 and receive reports ...
Easyknit Clarifies Terms of Proposed Share Subdivision in Hong Kong
Jul 21, 2026
Easyknit International Holdings Ltd, incorporated in Bermuda and listed in Hong Kong under stock code 1218, is an investment holding company whose shares are traded on the Hong Kong Stock Exchange. Its capital structure and board lot arrangements ...
Easyknit Plans Share Subdivision and Board Lot Restructuring
Jul 20, 2026
Easyknit International Holdings Limited has proposed a share subdivision that will split each existing share of HK$0.1 into ten subdivided shares of HK$0.01, increasing the number of shares in issue without altering total authorised capital. The s...
Easyknit Admits Past Listing Rule Breach Over Aggregated Loan Transactions
Jul 7, 2026
Easyknit International Holdings has disclosed that between December 2020 and September 2021 its subsidiaries Planetic International Limited and former unit City China International Limited entered into loan agreements and renewals with seven indep...
Easyknit International Swings to Heavy Loss as Property Write-downs Hit Earnings
Jun 26, 2026
Easyknit International reported a steep turnaround to a loss attributable to owners of HK$435.3 million from continuing operations for the year ended 31 March 2026, compared with a profit a year earlier, as revenue fell 18.4% to HK$398.4 million a...
Easyknit Signals Sharply Lower Net Loss for FY2026
Jun 22, 2026
Easyknit International Holdings has warned shareholders that its consolidated net loss for the year ended 31 March 2026 is expected to narrow significantly to not more than HK$440 million, from approximately HK$718 million a year earlier. The impr...
Easyknit International Sets Board Meeting to Approve 2026 Annual Results and Consider Final Dividend
Jun 15, 2026
Easyknit International Holdings Ltd has scheduled a board meeting for 26 June 2026 to review and approve the audited annual results for the year ended 31 March 2026. At the same meeting, the board will also consider whether to recommend the paymen...
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.