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SG Group Holdings Ltd
(1657)
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Rating:59Neutral
Price Target:
HK$53.00
▲(265.52% Upside)
Action:Reiterated
Date:08/01/26
The score is held back primarily by weak financial performance (continued losses and volatile revenue) and limited valuation support (negative P/E, no dividend yield). This is partially offset by a strong technical uptrend and some encouraging signs of improvement via low leverage and a sharp rebound in 2026 cash generation.
Positive Factors
Low leverage / conservative balance sheet
Very low debt-to-equity reduces balance-sheet risk and preserves financial flexibility. Over a multi-month horizon this supports funding working capital, opportunistic investment or modest buybacks, and cushions the business against revenue volatility without heavy interest burdens.
Negative Factors
Persistent net losses and negative margins
Ongoing losses and negative margins erode shareholder equity and hinder reinvestment capacity. Over a medium-term horizon, inability to restore sustainable profitability risks forcing cost cuts, capital raises or strategic compromises that impair long-term competitiveness.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / conservative balance sheet
Very low debt-to-equity reduces balance-sheet risk and preserves financial flexibility. Over a multi-month horizon this supports funding working capital, opportunistic investment or modest buybacks, and cushions the business against revenue volatility without heavy interest burdens.
Read all positive factors
SG Group Holdings Ltd (1657) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.50B
Dividend YieldN/A
Average Volume (3M)2.92K
Price to Earnings (P/E)―
Beta (1Y)0.09
Revenue Growth8.12%
EPS Growth-20.87%
CountryHK
Employees45
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Footwear & Accessories
Share Statistics
EPS (TTM)-0.23
Shares Outstanding32,000,000
10 Day Avg. Volume2,800
30 Day Avg. Volume2,916
Financial Highlights & Ratios
PEG Ratio-6.22
Price to Book (P/B)12.63
Price to Sales (P/S)5.80
P/FCF Ratio84.96
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
SG Group Holdings Ltd Business Overview & Revenue Model
Company Description
SG Group Holdings Limited, an investment holding company, sells apparel products with designing and sourcing services to fashion retailers and wholesalers. It offers institutional catering services to private institutions. The company also provide...
How the Company Makes Money
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SG Group Holdings Ltd Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
66
Positive
Cash Flow
58
Neutral
| Breakdown | Apr 2025 | Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 166.25M | 153.77M | 122.91M | 149.36M | 168.89M |
| Gross Profit | 25.87M | 30.35M | 18.32M | 18.67M | 34.36M |
| EBITDA | -5.48M | -754.00K | -13.38M | -13.05M | 3.37M |
| Net Income | -7.30M | -6.04M | -17.15M | -16.43M | 491.00K |
Balance Sheet | |||||
| Total Assets | 104.33M | 116.49M | 104.30M | 132.62M | 150.96M |
| Cash, Cash Equivalents and Short-Term Investments | 30.44M | 30.48M | 36.76M | 45.28M | 58.63M |
| Total Debt | 3.93M | 13.99M | 6.40M | 6.39M | 6.88M |
| Total Liabilities | 28.00M | 33.38M | 14.95M | 25.65M | 24.76M |
| Stockholders Equity | 76.33M | 83.11M | 89.34M | 106.97M | 126.19M |
Cash Flow | |||||
| Free Cash Flow | 11.35M | -12.77M | -2.63M | -13.27M | 8.19M |
| Operating Cash Flow | 11.46M | -12.74M | 1.48M | -13.24M | 9.58M |
| Investing Cash Flow | -103.00K | 3.82M | 237.00K | 464.00K | -11.02M |
| Financing Cash Flow | -11.32M | 7.12M | -3.01M | 431.00K | -1.64M |
SG Group Holdings Ltd Technical Analysis
Neutral
14.50
Price Trends
48.70
Negative
44.02
Positive
29.59
Positive
Market Momentum
-0.55
Positive
43.36
Neutral
23.01
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1657, the sentiment is Neutral. The current price of 14.5 is below the 20-day moving average (MA) of 48.74, below the 50-day MA of 48.70, and below the 200-day MA of 29.59, indicating a neutral trend. The MACD of -0.55 indicates Positive momentum. The RSI at 43.36 is Neutral, neither overbought nor oversold. The STOCH value of 23.01 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:1657.
SG Group Holdings Ltd Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | HK$2.25B | 11.06 | 10.15% | 9.96% | -2.94% | -6.03% | |
67 Neutral | HK$356.00M | 4.00 | 37.98% | 4.10% | -7.53% | ― | |
62 Neutral | HK$242.25M | 4.50 | 5.68% | ― | -2.20% | 40.79% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
59 Neutral | HK$1.50B | -237.78 | -9.48% | ― | 8.12% | -20.87% | |
52 Neutral | HK$157.57M | -4.26 | -9.78% | 10.42% | -9.42% | -58.91% | |
48 Neutral | HK$142.96M | -1.30 | -104.84% | 0.72% | ― | ― |
* Consumer Cyclical Sector Average
HK:1657
SG Group Holdings Ltd
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SG Group Holdings Ltd Corporate Events
SG Group Says Takeover Advice Unchanged After Annual Results
Jul 31, 2026
Sorrento Capital Limited, the independent financial adviser to SG Group Holdings Limited’s Independent Board Committee, has confirmed that the company’s recently published annual results do not alter its earlier assessment of the ongoi...
SG Group Holdings Tightens Governance With New Nomination Committee Terms
Jul 29, 2026
SG Group Holdings Limited, a Cayman Islands-incorporated company listed on the Hong Kong Stock Exchange, operates under Hong Kong’s Corporate Governance Code and Listing Rules. Its board-driven governance structure includes senior management...
SG Group Holdings Publishes 2026 Annual Results and Full Report
Jul 29, 2026
SG Group Holdings Limited has released its audited consolidated results and full annual report for the year ended 30 April 2026, in accordance with the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong. The publication s...
SG Group Holdings Faces Mandatory Cash Offer in Hong Kong Takeover
Jul 23, 2026
SG Group Holdings Limited, a Cayman Islands–incorporated company listed in Hong Kong under stock code 1657, operates in the professional services and staffing sector, providing human resources solutions to corporate clients in the region. It...
SG Group clarifies board composition and committee roles
Jul 23, 2026
SG Group Holdings Ltd has announced the latest composition of its board of directors, listing seven executive directors and three independent non-executive directors, chaired by Zha Wenyu. The update reinforces the company’s governance frame...
SG Group Sets Board Meeting to Approve Annual Results and Consider Dividend
Jul 21, 2026
SG Group Holdings Ltd has scheduled a board meeting for 29 July 2026 to review and approve the audited consolidated results for the year ended 30 April 2026 and to authorize their publication. The board will also consider whether to recommend a fi...
SG Group delays despatch of mandatory offer composite document
Jul 10, 2026
SG Group Holdings Limited and Hong Kong Weiye Software Co., Limited have announced a further delay in sending out the composite document for the unconditional mandatory cash offer for all SG Group shares not already owned by the offeror and its co...
SG Group delays dispatch of takeover offer composite document
Jun 25, 2026
SG Group Holdings and Hong Kong Weiye Software have announced a delay in sending a composite document related to an unconditional mandatory cash offer for all issued shares not already owned or agreed to be acquired by the offeror. The document, w...
SG Group Names Independent Adviser for Takeover-Related Offer
Jun 24, 2026
SG Group Holdings has appointed Sorrento Capital Limited as independent financial adviser to evaluate an offer relating to a share purchase agreement and completion transaction. The adviser, licensed by Hong Kong’s SFC for corporate finance ...
Hong Kong Weiye Software Seizes Control of SG Group, Triggers Mandatory Offer
Jun 23, 2026
Hong Kong Weiye Software Co., Limited has completed a share purchase agreement to acquire 23,970,000 shares of SG Group Holdings Limited for HK$198.52 million, giving it a controlling stake of approximately 74.91% of the company’s issued sha...
SG Group Faces Change of Control as New Investor Triggers Mandatory Offer
Jun 4, 2026
SG Group Holdings has announced that Hong Kong Weiye Software Co., Limited has agreed to acquire approximately 74.91% of its issued share capital from existing sellers for about HK$198.5 million in cash. The consideration was set after arm’s...
SG Group Halts Trading Pending Takeover-Related Announcement
May 26, 2026
SG Group Holdings Limited has requested a halt in trading of its shares on the Stock Exchange of Hong Kong from 9:00 a.m. on 26 May 2026. The suspension comes as the company prepares to release an announcement under the Hong Kong Code on Takeovers...
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.