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Quali-Smart Holdings Ltd.
(1348)
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Rating:41Neutral
Price Target:
HK$0.14
▲(0.00% Upside)
Action:Reiterated
Date:10/09/26
The score is driven primarily by very weak financial performance, including steep multi-year revenue contraction, persistent deep losses, and a sharp swing to negative operating/free cash flow in 2026. Technical indicators add modest downside pressure with price below key moving averages and negative MACD. Valuation provides limited support because the negative P/E reflects ongoing losses and no dividend yield data is available.
Positive Factors
Improved leverage
Debt relative to equity has improved materially, indicating some deleveraging despite the company’s broader financial weakness. Lower leverage can reduce balance-sheet pressure and preserve more flexibility for funding operations, restructuring the business, or addressing future cash needs.
Negative Factors
Severe revenue contraction
The multi-year collapse in revenue points to substantial erosion in business scale and market activity rather than a temporary quarterly fluctuation. Continued contraction reduces operating leverage, limits reinvestment capacity, and makes a durable recovery in earnings materially harder to achieve.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved leverage
Debt relative to equity has improved materially, indicating some deleveraging despite the company’s broader financial weakness. Lower leverage can reduce balance-sheet pressure and preserve more flexibility for funding operations, restructuring the business, or addressing future cash needs.
Read all positive factors
Quali-Smart Holdings Ltd. (1348) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$227.03M
Dividend Yield1%
Average Volume (3M)924.12K
Price to Earnings (P/E)―
Beta (1Y)0.23
Revenue GrowthN/A
EPS GrowthN/A
CountryHK
Employees9
SectorConsumer Cyclical
Sector Strength84
IndustryLeisure
Share Statistics
EPS (TTM)-0.01
Shares Outstanding1,474,232,000
10 Day Avg. Volume613,600
30 Day Avg. Volume924,120
Financial Highlights & Ratios
PEG Ratio-0.27
Price to Book (P/B)20.86
Price to Sales (P/S)10.35
P/FCF Ratio-10.87
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
Quali-Smart Holdings Ltd. Business Overview & Revenue Model
Company Description
Quali-Smart Holdings Limited, an investment holding firm established in 2012 and headquartered in Tsuen Wan, Hong Kong, operates through two primary business segments: the production and distribution of toys, and the delivery of financial services...
How the Company Makes Money
null...
Quali-Smart Holdings Ltd. Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
34
Negative
Cash Flow
18
Very Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 41.46M | 26.63M | 71.93M | 177.26M | 341.80M | 448.65M |
| Gross Profit | 15.78M | 1.51M | 23.48M | 28.00M | 44.93M | 54.44M |
| EBITDA | -7.30M | -13.07M | -5.55M | -59.61M | -50.01M | -75.13M |
| Net Income | -18.43M | -25.02M | -17.87M | -73.94M | -72.32M | -94.37M |
Balance Sheet | ||||||
| Total Assets | 67.65M | 27.76M | 164.65M | 176.55M | 243.88M | 381.51M |
| Cash, Cash Equivalents and Short-Term Investments | 44.19M | 22.44M | 84.03M | 78.02M | 61.95M | 60.48M |
| Total Debt | 27.41M | 10.24M | 43.55M | 38.86M | 45.26M | 74.70M |
| Total Liabilities | 40.20M | 14.55M | 126.36M | 120.38M | 117.41M | 182.80M |
| Stockholders Equity | 27.45M | 13.21M | 38.24M | 56.11M | 126.39M | 198.71M |
Cash Flow | ||||||
| Free Cash Flow | 18.36M | -25.36M | 11.93M | 23.47M | 29.42M | -48.28M |
| Operating Cash Flow | 18.40M | -25.36M | 11.95M | 23.68M | 35.10M | -42.12M |
| Investing Cash Flow | -13.76M | 49.25M | -36.00M | -19.86M | 13.39M | 13.20M |
| Financing Cash Flow | -19.16M | -35.02M | -7.92M | -8.23M | -47.02M | 10.21M |
Quali-Smart Holdings Ltd. Technical Analysis
Negative
0.14
Price Trends
0.19
Negative
0.23
Negative
0.21
Negative
Market Momentum
>-0.01
Positive
35.91
Neutral
27.47
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1348, the sentiment is Negative. The current price of 0.14 is below the 20-day moving average (MA) of 0.18, below the 50-day MA of 0.19, and below the 200-day MA of 0.21, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 35.91 is Neutral, neither overbought nor oversold. The STOCH value of 27.47 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1348.
Quali-Smart Holdings Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | HK$2.34B | 6.15 | 6.09% | 17.86% | 0.34% | 40.53% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
56 Neutral | HK$1.03B | -4.18 | -5.52% | 9.00% | -18.78% | 42.15% | |
53 Neutral | HK$527.78M | -73.44 | -0.68% | 15.05% | -23.66% | -152.03% | |
50 Neutral | HK$198.00M | -31.94 | -36.67% | 92.02% | 1.90% | 11.43% | |
49 Neutral | HK$197.72M | -0.83 | -14.23% | 1.22% | 4.04% | -16.43% | |
41 Neutral | HK$227.03M | -9.06 | -123.07% | 1.00% | ― | ― |
* Consumer Cyclical Sector Average
HK:1348
Quali-Smart Holdings Ltd.
0.15
<0.01
2.67%
HK:1086
Goodbaby International Holdings
1.40
0.40
40.70%
HK:0869
Playmates Toys
0.47
-0.09
-15.45%
HK:0635
Playmates Holdings
0.50
0.02
3.09%
HK:0180
Kader Holdings Co. Ltd.
0.21
>-0.01
-1.42%
HK:3830
Kiddieland International Ltd.
0.20
0.14
241.38%
Quali-Smart Holdings Ltd. Corporate Events
Quali-Smart Wins Unanimous Shareholder Backing for All AGM Resolutions
Sep 28, 2026
Quali-Smart Holdings Limited reported that all resolutions at its 28 September 2026 annual general meeting were approved by shareholders through poll voting, with 1,102,528,000 votes cast in favor and none against for each motion. The meeting adop...
Quali-Smart Sets 2026 AGM to Renew Board, Auditor and Share Issuance Mandate
Sep 4, 2026
Quali-Smart Holdings Ltd. has called its annual general meeting for 28 September 2026 in Central, Hong Kong, where shareholders will vote on adopting the audited consolidated financial statements and directors’ and auditor’s reports fo...
Quali-Smart shifts to new .com corporate website for disclosures
Sep 2, 2026
Quali-Smart Holdings Ltd. has updated its corporate website address from a Hong Kong-specific domain to a global “.com” domain, effective 2 September 2026. The change centralises investor information, with all exchange-filed announceme...
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.