i-Control Holdings Limited (1402) AI Stock Analysis

i-Control Holdings Limited

(HKEX:1402)

Select Model

Rating:47Neutral

Price Target:HKD 0.33▼(-1.52% Downside)

Action:reiterated

Date:10/16/26

The score is held down primarily by uneven financial performance (thin profitability, revenue decline, and sharply lower free cash flow despite a strong balance sheet) and a very high P/E valuation. Technical indicators also lean weak/neutral with price below short-term moving averages and muted momentum.

Positive Factors

Low Financial LeverageVery low leverage reduces fixed financial obligations and gives the company greater resilience if operating conditions weaken. A conservative capital structure also preserves flexibility to fund operations, manage volatility, or pursue growth without relying heavily on additional borrowing.

Negative Factors

Revenue ContractionThe latest revenue contraction signals weaker business activity and reduces confidence in near-term growth durability. Sustained top-line pressure can limit operating leverage, make fixed costs harder to absorb, and constrain the company’s ability to rebuild profitability without renewed demand.

i-Control Holdings Limited (1402) vs. iShares MSCI Hong Kong ETF (EWH)

Market Cap: HKD 346.67M
Dividend Yield: ―
Average Volume (3M): 2.77M
Price to Earnings (P/E): 854.6
Beta (1Y): 0.09
Revenue Growth: -13.90%
EPS Growth: ―
Country: Hong Kong
Employees: 54
Sector: Technology
Sector Strength: 61
Industry: Information Technology Services

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 structu...

i-Control Holdings Limited Financial Statement Overview

Summary

Mixed fundamentals: a strong, low-leverage balance sheet (very low debt-to-equity) supports resilience, but profitability and cash generation have been volatile. The latest year returned to a small profit with extremely thin margins and revenue declined ~13.9%, while free cash flow fell sharply (~92% YoY), limiting confidence in durability.

Income Statement

46Neutral

Balance Sheet

72Positive

Cash Flow

41Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	105.19M	105.23M	122.22M	121.88M	157.84M	171.45M
Gross Profit	8.71M	6.37M	14.00M	12.29M	18.95M	60.86M
EBITDA	2.84M	3.95M	-7.42M	-8.34M	11.95M	11.78M
Net Income	-3.65M	367.00K	-18.32M	-12.88M	5.74M	6.70M
Balance Sheet
Total Assets	146.17M	146.17M	151.49M	190.15M	236.16M	243.80M
Cash, Cash Equivalents and Short-Term Investments	46.50M	46.32M	48.83M	35.82M	49.44M	71.03M
Total Debt	6.14M	6.14M	10.24M	15.63M	18.89M	22.53M
Total Liabilities	28.44M	28.44M	34.28M	49.37M	55.66M	68.71M
Stockholders Equity	117.74M	117.74M	117.21M	141.23M	179.44M	174.30M
Cash Flow
Free Cash Flow	7.35M	1.42M	17.85M	9.44M	-13.27M	4.98M
Operating Cash Flow	7.40M	1.44M	18.06M	10.02M	-4.45M	5.48M
Investing Cash Flow	289.50K	-15.00K	140.00K	-532.00K	-8.79M	-21.79M
Financing Cash Flow	-4.50M	-4.10M	-5.05M	-23.00M	-7.87M	18.30M

i-Control Holdings Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price0.33

Price Trends

50DMA0.45Negative

100DMA0.37Negative

200DMA0.31Positive

Market Momentum

MACD-0.04Positive

RSI37.80Neutral

STOCH27.06Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1402, the sentiment is Negative. The current price of 0.33 is below the 20-day moving average (MA) of 0.42, below the 50-day MA of 0.45, and above the 200-day MA of 0.31, indicating a neutral trend. The MACD of -0.04 indicates Positive momentum. The RSI at 37.80 is Neutral, neither overbought nor oversold. The STOCH value of 27.06 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1402.

i-Control Holdings Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

HK:1402 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HK:1900	67Neutral	HKD 240.83M	-0.77	-14.17%	―	-7.04%	-163.40%
Sector *	61Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
HK:1985	55Neutral	HKD 682.17M	21.90	14.46%	―	-12.76%	234.22%
HK:1402	47Neutral	HKD 346.50M	854.59	0.31%	―	-13.90%	―
HK:0771	47Neutral	HKD 604.39M	-2.38	-11.90%	4.17%	4.44%	-266.43%
HK:0465	44Neutral	HKD 992.28M	-12.12	-42.58%	―	-20.17%	2.68%
HK:0092	42Neutral	HKD 128.42M	-1.02	-266.25%	―	-40.17%	-123.05%

* Technology Sector Average

Performance Comparison

HK:1402 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
HK:1402	i-Control Holdings Limited	0.33	0.10	43.48%
HK:0092	Champion Technology Holdings Limited	0.12	-0.07	-39.06%
HK:1900	China ITS Holdings Co., Ltd.	0.14	-0.20	-58.82%
HK:1985	Microware Group Ltd.	2.21	0.86	64.55%
HK:0465	Futong Technology Development Holdings Ltd.	3.15	2.65	529.00%
HK:0771	Automated Systems Holdings Limited	0.72	-0.05	-6.98%

i-Control Holdings Limited Corporate Events

i-Control Maintains Monthly Updates as Takeover Talks Advance Without Firm Deal

Oct 9, 2026

i-Control Holdings Limited, incorporated in the Cayman Islands and listed on the Hong Kong Stock Exchange under stock code 1402, operates within the technology and control systems sector, serving regional markets that are highly sensitive to corporat...

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 Kong&#...

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 inside i...

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 adoptio...

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

i-Control Holdings Limited AI Stock Analysis