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i-Control Holdings Limited
(1402)
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Rating:56Neutral
Price Target:
HK$0.58
▲(162.27% Upside)
Action:Reiterated
Date:09/12/26
The score is held back primarily by uneven financial performance—thin and recently recovered profitability, declining revenue, and highly volatile cash flow—despite a clearly strong balance sheet with low leverage. Technicals are a relative positive, with price trading above major moving averages and neutral momentum indicators, while valuation is unattractive/unclear given the negative P/E and no dividend yield data.
Positive Factors
Low leverage and debt reduction
Conservative financing reduces balance-sheet pressure and preserves financial flexibility. The substantial debt reduction and very low leverage should help the company withstand operating volatility, limit financing costs, and retain capacity to support strategic priorities over the next several quarters.
Negative Factors
Revenue contraction
The latest revenue contraction points to weaker business demand or execution and reduces operating leverage across the company. Sustained top-line pressure would make it harder to absorb fixed costs, rebuild margins, and convert the balance-sheet strength into durable earnings growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage and debt reduction
Conservative financing reduces balance-sheet pressure and preserves financial flexibility. The substantial debt reduction and very low leverage should help the company withstand operating volatility, limit financing costs, and retain capacity to support strategic priorities over the next several quarters.
Read all positive factors
i-Control Holdings Limited (1402) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$588.00M
Dividend Yield5.8%
Average Volume (3M)2.17M
Price to Earnings (P/E)―
Beta (1Y)-0.16
Revenue Growth-13.90%
EPS GrowthN/A
CountryHK
Employees54
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)<0.01
Shares Outstanding1,050,500,000
10 Day Avg. Volume4,101,000
30 Day Avg. Volume2,173,000
Financial Highlights & Ratios
PEG Ratio-8.82
Price to Book (P/B)2.41
Price to Sales (P/S)2.70
P/FCF Ratio199.18
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
i-Control Holdings Limited Business Overview & Revenue Model
Company Description
i-Control Holdings Limited operates as an investment holding company, specializing in comprehensive video conferencing and multimedia audiovisual (VCMA) solutions for clients in Hong Kong, mainland China, and Singapore. The firm's business is stru...
i-Control Holdings Limited Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
72
Positive
Cash Flow
41
Neutral
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 105.23M | 122.22M | 121.88M | 157.84M | 171.45M |
| Gross Profit | 6.37M | 14.00M | 12.29M | 18.95M | 60.86M |
| EBITDA | 3.95M | -7.42M | -8.34M | 11.95M | 11.78M |
| Net Income | 367.00K | -18.32M | -12.88M | 5.74M | 6.70M |
Balance Sheet | |||||
| Total Assets | 146.17M | 151.49M | 190.15M | 236.16M | 243.80M |
| Cash, Cash Equivalents and Short-Term Investments | 46.32M | 48.83M | 35.82M | 49.44M | 71.03M |
| Total Debt | 6.14M | 10.24M | 15.63M | 18.89M | 22.53M |
| Total Liabilities | 28.44M | 34.28M | 49.37M | 55.66M | 68.71M |
| Stockholders Equity | 117.74M | 117.21M | 141.23M | 179.44M | 174.30M |
Cash Flow | |||||
| Free Cash Flow | 1.42M | 17.85M | 9.44M | -13.27M | 4.98M |
| Operating Cash Flow | 1.44M | 18.06M | 10.02M | -4.45M | 5.48M |
| Investing Cash Flow | -15.00K | 140.00K | -532.00K | -8.79M | -21.79M |
| Financing Cash Flow | -4.10M | -5.05M | -23.00M | -7.87M | 18.30M |
i-Control Holdings Limited Technical Analysis
Positive
0.22
Price Trends
0.34
Positive
0.31
Positive
0.27
Positive
Market Momentum
0.03
Negative
77.53
Negative
67.21
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1402, the sentiment is Positive. The current price of 0.22 is below the 20-day moving average (MA) of 0.40, below the 50-day MA of 0.34, and below the 200-day MA of 0.27, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 77.53 is Negative, neither overbought nor oversold. The STOCH value of 67.21 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1402.
i-Control Holdings Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | HK$621.18M | -2.45 | -11.90% | 4.05% | 4.44% | -266.43% | |
58 Neutral | HK$301.03M | -0.97 | -14.17% | 13.93% | -7.04% | -163.40% | |
57 Neutral | HK$801.17M | 25.97 | 14.46% | 3.37% | -12.76% | 234.22% | |
56 Neutral | HK$588.00M | -1,866.67 | -3.11% | 5.80% | -13.90% | ― | |
44 Neutral | HK$1.24B | -15.31 | -42.58% | 1.60% | -20.17% | 2.68% | |
42 Neutral | HK$205.25M | -3.39 | -49.78% | 5.33% | -50.92% | 54.58% |
* Technology Sector Average
HK:1402
i-Control Holdings Limited
0.56
0.29
107.41%
HK:0092
Champion Technology Holdings
0.19
<0.01
5.06%
HK:1900
China ITS Holdings Co., Ltd.
0.18
-0.14
-43.55%
HK:1985
Microware Group Ltd.
2.62
1.08
69.81%
HK:0465
Futong Technology Development Holdings Ltd.
3.95
3.61
1060.29%
HK:0771
Automated Systems Holdings Limited
0.74
-0.12
-13.95%
i-Control Holdings Limited Corporate Events
i-Control Flags Potential Change of Control After Share Price Spike
Sep 10, 2026
i-Control Holdings Limited, incorporated in the Cayman Islands and listed on the Hong Kong Stock Exchange under stock code 1402, is part of the city’s capital markets and operates through a group structure. Its shares are subject to Hong Kon...
i-Control Halts Trading Ahead of Takeover Code Announcement
Sep 10, 2026
i-Control Holdings Limited has requested a halt in trading of its shares on the Stock Exchange of Hong Kong, effective from 9:00 a.m. on 10 September 2026. The suspension follows the company’s decision to prepare an announcement deemed insid...
i-Control Wins Unanimous Shareholder Backing for AGM Resolutions and Capital Mandates
Aug 7, 2026
i-Control Holdings Limited reported that all resolutions proposed at its annual general meeting on 7 August 2026 were approved by shareholders by way of poll, with every motion receiving 100% of votes cast in favour. The meeting confirmed the adop...
i-Control convenes 2026 AGM to seek approvals on accounts, board and share mandate
Jun 29, 2026
i-Control Holdings Limited has called its annual general meeting for 7 August 2026 in Hong Kong, where shareholders will review and adopt the audited consolidated financial statements and directors’ and auditors’ reports for the year e...
i-Control swings back to profit despite revenue decline
Jun 17, 2026
i-Control Holdings Limited returned to profitability for the year ended 31 March 2026, posting a HK$367,000 profit from continuing operations compared with a HK$12.2 million loss a year earlier, helped by lower cost of sales, reduced staff costs a...
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.