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Virtual Mind Holding Company Limited
(1520)
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Rating:47Neutral
Price Target:
HK$0.72
▲(8.94% Upside)
Action:Reiterated
Date:09/08/26
The score is held down primarily by very weak financial performance—collapsed margins, large ongoing losses, and persistent negative operating/free cash flow—despite a revenue rebound and relatively low leverage. Technicals provide some support via positive momentum and price strength versus moving averages, but overbought indicators raise near-term risk. Valuation is not supportive given negative earnings (negative P/E) and no dividend yield provided.
Positive Factors
Revenue Rebound
The 2025 revenue rebound indicates that the company retains the ability to generate top-line growth after weaker prior periods. If this recovery is sustained, it could improve operating leverage and provide a broader base from which management can rebuild profitability.
Negative Factors
Severe Margin Collapse
The prolonged gross-margin collapse shows that increased revenue is not translating into comparable gross profit. With EBIT margin around -59% and net margin around -73% in 2025, the business lacks a demonstrated earnings model until pricing, costs, or mix materially improve.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Rebound
The 2025 revenue rebound indicates that the company retains the ability to generate top-line growth after weaker prior periods. If this recovery is sustained, it could improve operating leverage and provide a broader base from which management can rebuild profitability.
Read all positive factors
Virtual Mind Holding Company Limited (1520) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$776.21M
Dividend YieldN/A
Average Volume (3M)1.07M
Price to Earnings (P/E)―
Beta (1Y)-0.29
Revenue Growth53.63%
EPS Growth29.60%
CountryHK
Employees84
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)-0.13
Shares Outstanding1,051,836,300
10 Day Avg. Volume1,650,300
30 Day Avg. Volume1,073,800
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)5.24
Price to Sales (P/S)5.91
P/FCF Ratio-11.62
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
Virtual Mind Holding Company Limited Business Overview & Revenue Model
Company Description
Virtual Mind Holding Company Limited operates as an investment holding enterprise primarily engaged in the design, production, and global distribution of apparel. It offers its clothing lines through both custom private labels and its own propriet...
Virtual Mind Holding Company Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
24
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 149.73M | 129.59M | 66.33M | 89.62M | 139.82M |
| Gross Profit | 4.76M | 9.03M | 11.23M | 14.06M | 38.70M |
| EBITDA | -99.65M | -55.28M | -84.69M | -49.20M | -38.77M |
| Net Income | -110.03M | -76.63M | -93.75M | -65.88M | -46.27M |
Balance Sheet | |||||
| Total Assets | 204.92M | 195.07M | 214.19M | 288.37M | 234.83M |
| Cash, Cash Equivalents and Short-Term Investments | 34.19M | 17.09M | 43.80M | 65.20M | 31.03M |
| Total Debt | 15.66M | 26.60M | 43.91M | 31.46M | 7.95M |
| Total Liabilities | 37.75M | 65.05M | 65.47M | 79.07M | 38.58M |
| Stockholders Equity | 168.85M | 130.96M | 148.11M | 208.43M | 196.26M |
Cash Flow | |||||
| Free Cash Flow | -76.18M | -79.09M | -28.85M | -82.49M | -59.52M |
| Operating Cash Flow | -74.40M | -77.70M | -27.73M | -81.01M | -58.79M |
| Investing Cash Flow | -11.67M | -1.24M | -930.00K | 73.98M | -730.00K |
| Financing Cash Flow | 106.36M | 53.84M | 10.24M | 46.66M | -928.00K |
Virtual Mind Holding Company Limited Technical Analysis
Positive
0.66
Price Trends
0.54
Positive
0.56
Positive
0.74
Negative
Market Momentum
0.06
Negative
82.28
Negative
77.63
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1520, the sentiment is Positive. The current price of 0.66 is above the 20-day moving average (MA) of 0.60, above the 50-day MA of 0.54, and below the 200-day MA of 0.74, indicating a neutral trend. The MACD of 0.06 indicates Negative momentum. The RSI at 82.28 is Negative, neither overbought nor oversold. The STOCH value of 77.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1520.
Virtual Mind Holding Company Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | HK$3.44B | 6.16 | 11.18% | 11.15% | 20.57% | 16.02% | |
62 Neutral | HK$625.13M | 4.29 | 5.83% | 5.61% | -1.84% | 29.22% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
58 Neutral | HK$320.57M | 3.68 | 6.65% | 7.97% | 0.41% | ― | |
51 Neutral | HK$256.88M | -1.88 | -10.95% | 4.00% | -16.20% | -324.90% | |
47 Neutral | HK$776.21M | -7.94 | -52.32% | ― | 53.63% | 29.60% | |
43 Neutral | HK$855.80M | 21.30 | 2.55% | 1.80% | 5.77% | 22.13% |
* Consumer Cyclical Sector Average
HK:1520
Virtual Mind Holding Company Limited
0.73
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Virtual Mind Holding Company Limited Corporate Events
Virtual Mind Forms AI Joint Venture With Gauss Technology to Drive IP-Focused Expansion
Aug 28, 2026
Virtual Mind Holding Company Limited has signed an investment cooperation agreement with Gauss Technology (HK) Limited to set up a Hong Kong-based joint venture focused on artificial intelligence and continuous learning applications. The new entit...
Virtual Mind Holding Publishes Unaudited Interim Results for First Half of 2026
Aug 28, 2026
Virtual Mind Holding Company Limited announced its unaudited condensed consolidated interim results for the six months ended 30 June 2026, fulfilling Hong Kong listing requirements for preliminary disclosure of interim financial information. The r...
Virtual Mind completes HK$50.55 million share placing to fund AI platform and Manchester United IP push
Aug 28, 2026
Virtual Mind Holding Company Limited has completed a placing of 100,000,000 new shares at HK$0.52 each through Wanhai Securities (HK) Limited, representing about 9.5% of its enlarged share capital, to at least six independent investors, none of wh...
Virtual Mind Schedules Board Meeting to Review 2026 Interim Results
Aug 18, 2026
Virtual Mind Holding Company Limited has scheduled a board meeting for 28 August 2026 to review and approve the unaudited interim results for the six months ended 30 June 2026. The board will also consider the declaration of an interim dividend, w...
Virtual Mind Wins Unanimous Shareholder Backing for Subscription and Placing Deals
Aug 13, 2026
Virtual Mind Holding Company Limited reported that shareholders overwhelmingly approved all resolutions at an extraordinary general meeting held on 13 August 2026. The poll covered ratification of a First Subscription Agreement and a Placing Agree...
Virtual Mind Signs Exclusive Middle East Art IP Partnership With Saudi Agency
Aug 4, 2026
Virtual Mind Holding Company Limited has signed a memorandum of understanding with Saudi Arabia-based Lasiaf Art Production Agency to develop a global art IP partnership, centered on exhibitions, exclusive art business collaboration, and artwork d...
Virtual Mind Seeks Shareholder Backing for Major Share Issue and Warrant Deal
Jul 24, 2026
Virtual Mind Holding Company Limited has called an extraordinary general meeting in Hong Kong on 13 August 2026 to seek shareholder approval for a new equity subscription and related warrant issuance to GEM Global Yield LLC SCS. The proposed deal ...
Virtual Mind Holding Sets August Extraordinary General Meeting and Closes Register
Jul 24, 2026
Virtual Mind Holding Company Limited has scheduled an extraordinary general meeting to be held in Hong Kong on 13 August 2026 at 11:00 a.m., providing shareholders with an opportunity to attend and vote on corporate matters. The meeting will take ...
Virtual Mind Revises Share Placing Terms and Boosts Fundraise
Jul 17, 2026
Virtual Mind Holding Company Limited has amended the terms of its planned share placing, cutting the placing price from HK$0.85 to HK$0.52 per share while increasing the number of new shares to 100 million. The revised placing price represents a s...
Virtual Mind Deepens Sports IP Push With Hunan Investment and Fan-Focused Initiatives
Jul 17, 2026
Virtual Mind Holding Company Limited, a Hong Kong-listed sports and digital entertainment group, manages La Liga club memberships and IP in China, operates a Web3 fan community via its LALIGA CLUB APP, and is building offline football experience c...
Virtual Mind plans RMB3 million stake in Hunanese football IP platform
Jun 23, 2026
Virtual Mind Holding Company Limited has signed a non-binding letter of intent to inject RMB3 million into Shenzhen Xiaowan Sports Culture Co., Ltd., securing at least a 34% equity stake in the operator of the Hunanese Football Team in the Greater...
Virtual Mind Shareholders Unanimously Approve All AGM Resolutions
Jun 12, 2026
Virtual Mind Holding Company Limited reported that all resolutions at its 12 June 2026 annual general meeting were approved by shareholders via poll. The meeting endorsed the audited consolidated financial statements for the year ended 31 December...
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.