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Sunevision Holdings Ltd. (1686) AI Stock Analysis

HK:1686

Sunevision Holdings Ltd.

(HKEX:1686)

Select Model
Rating:72Outperform
Price Target:HKD 5.00â–²(6.72% Upside)
Action:upgraded
Date:09/27/26

The score is driven primarily by strong operating profitability and improving income trends, tempered by meaningful balance-sheet leverage and past cash-flow volatility. Technicals are moderately supportive with positive momentum and the stock trading above key moving averages, while valuation appears reasonable with a mid-range P/E and a modest dividend yield.

Positive Factors
Recurring data-centre revenueThe company operates carrier-neutral facilities and earns recurring fees from colocation, power, connectivity and support services. This contract-oriented model can provide revenue visibility, while customer requirements for secure, highly available infrastructure may support durable demand over the next several quarters.
Negative Factors
Elevated leverageDebt is large relative to equity, which reduces financial flexibility and increases the consequences of any operating slowdown. High leverage can also constrain future investment choices and make the company more sensitive to financing conditions, despite its strong profitability and growing equity base.

Sunevision Holdings Ltd. (1686) vs. iShares MSCI Hong Kong ETF (EWH)

-30%-20%-10%0%10%20%30%HK:1686-18.80%EWH+7.37%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
HKD 19.13B
Dividend Yield
2.56%
Average Volume (3M)
4.63M
Price to Earnings (P/E)
12.0
Beta (1Y)
1.60
Revenue Growth
6.09%
EPS Growth
16.16%
Country
Hong Kong
Employees
494
Sector
Real Estate
Sector Strength
65
Industry
Information Technology Services

Sunevision Holdings Ltd. Business Overview & Revenue Model

Company Description

Operating as an investment holding company, SUNeVision Holdings Ltd. is a key provider of data center services in Hong Kong. Its extensive service portfolio includes facilities management and various value-added offerings. The company also specialize...

How the Company Makes Money

Sunevision primarily makes money by operating data centres and charging customers for using its facilities and related services. Key revenue streams typically include: (1) Colocation and hosting fees: recurring charges for data hall space (e.g., rack...

Sunevision Holdings Ltd. Financial Statement Overview

Summary

Strong profitability and improving earnings power: high gross margin (~53%–59%), exceptional EBIT margin (~48%–52%), and net income trending upward. Offsetting this is elevated leverage (debt-to-equity ~2.4x–3.2x, ~2.5x in 2026) and historically volatile free cash flow despite a strong rebound to positive FCF in 2026.

Income Statement

86Very Positive

Balance Sheet

58Neutral

Cash Flow

63Positive
Financial statement breakdown
BreakdownTTMJun 2025Jun 2024Jun 2023Jun 2022Jun 2021
Income Statement
Total Revenue3.12B3.12B2.94B2.67B2.35B2.09B
Gross Profit1.83B1.83B1.67B1.41B1.32B1.20B
EBITDA2.30B2.30B2.10B1.86B1.70B1.50B
Net Income1.15B1.15B979.41M907.19M905.37M846.83M
Balance Sheet
Total Assets25.24B25.24B24.90B24.07B20.78B18.14B
Cash, Cash Equivalents and Short-Term Investments426.56M426.56M423.60M498.74M237.28M309.67M
Total Debt16.17B16.17B17.02B16.60B13.75B11.90B
Total Liabilities18.78B18.78B19.12B18.95B16.12B13.55B
Stockholders Equity6.46B6.46B5.78B5.12B4.65B4.58B
Cash Flow
Free Cash Flow1.36B1.90B678.39M-1.39B-472.33M-415.25M
Operating Cash Flow2.14B2.68B1.87B1.59B1.47B1.33B
Investing Cash Flow-774.34M-766.30M-1.18B-2.96B-1.94B-1.74B
Financing Cash Flow-1.36B-1.91B-766.89M1.64B394.31M336.67M

Sunevision Holdings Ltd. Technical Analysis

Technical Analysis SentimentNegative
Last Price4.68

Price Trends

50DMA5.31Negative
100DMA5.10Negative
200DMA5.65Negative

Market Momentum

MACD-0.17Positive
RSI31.41Neutral
STOCH6.88Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1686, the sentiment is Negative. The current price of 4.68 is below the 20-day moving average (MA) of 5.18, below the 50-day MA of 5.31, and below the 200-day MA of 5.65, indicating a bearish trend. The MACD of -0.17 indicates Positive momentum. The RSI at 31.41 is Neutral, neither overbought nor oversold. The STOCH value of 6.88 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1686.

Sunevision Holdings Ltd. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (65)

Financial Indicators

HK:1686 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
HK:2869HK:286975OutperformHKD 12.86B10.9812.24%3.93%12.73%28.42%
HK:6049HK:604975OutperformHKD 14.63B7.8414.87%6.08%7.89%8.60%
HK:2669HK:266974OutperformHKD 10.57B7.3221.17%9.32%10.76%-12.76%
HK:1686HK:168672OutperformHKD 19.13B12.0118.64%2.56%6.09%16.16%
Sector *65Neutral$2.17B12.193.79%4.94%3.15%1.96%
HK:3319HK:331960NeutralHKD 2.67B31.910.70%7.27%-2.93%―
HK:6098HK:609857NeutralHKD 16.30B24.461.56%1.09%11.42%-55.21%

* Real Estate Sector Average

Performance Comparison

-20%0%20%HK:1686HK:2669HK:6098HK:3319HK:2869HK:6049Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
HK:1686 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:1686Sunevision Holdings Ltd.4.68-1.25-20.99%
HK:2669China Overseas Property Holdings 3.22-1.36-29.74%
HK:6098Country Garden Services Holdings Co 4.90-0.71-12.70%
HK:3319A-Living Smart City Services Co., Ltd. Class H1.88-0.47-20.07%
HK:2869Greentown Service Group Co. Ltd.4.08-0.16-3.71%
HK:6049Poly Property Services Co., Ltd. Class H26.44-5.79-17.98%

Sunevision Holdings Ltd. Corporate Events

Sunevision Relies on 10% Alternative Public Float After SHKP Note Conversion

Oct 27, 2026

Sunevision Holdings Ltd., a Hong Kong-listed company affiliated with the SHKP group, has a shareholding structure dominated by its controlling shareholder and core connected persons, with the remainder held by public investors. The company is regulat...

SUNeVision Sets 2026 AGM to Approve Dividend, Board Mandates and Share Issue Authority

Sep 22, 2026

SUNeVision Holdings Ltd. has called its annual general meeting for 4 November 2026 in Hong Kong, where shareholders will review the audited financial statements for the year ended 30 June 2026 and vote on a proposed final dividend. The meeting will a...

Sunevision to Convert SHKP Notes and Rely on 10% Public Float Threshold

Sep 11, 2026

Sunevision Holdings said SHKP Group’s wholly owned subsidiaries have exercised their rights to convert all outstanding bonus issue convertible notes into 1,719,427,500 new shares, to be issued on 27 October 2026. The company stressed the conver...

Sunevision Raises Caps on Connected Property Management Deals to Support Data Centre Expansion

Sep 1, 2026

Sunevision Holdings has revised the annual caps for continuing connected transactions under its property management arrangement with major shareholder Sun Hung Kai Properties, reflecting expanded cleaning and sanitary service needs at its data centre...

SUNeVision moves to update charter for new Hong Kong securities rules

Sep 1, 2026

SUNeVision Holdings Ltd. plans to replace its existing memorandum and articles of association with a new amended and restated version to align with upcoming legal and regulatory changes under Hong Kong’s uncertificated securities market regime...

Sunevision Declares Final Cash Dividend for FY2026

Sep 1, 2026

Sunevision Holdings Ltd. is a Hong Kong-listed equity issuer under stock code 01686, overseen by a board comprising executive, non-executive and independent non-executive directors, in line with typical Hong Kong corporate governance structures. The...

Sunevision profits surge as Hong Kong data centre demand tightens

Sep 1, 2026

Sunevision Holdings reported solid full-year results to 30 June 2026, with recurring revenue from data centre and IT facilities up 8% to HK$2,856 million and total revenue rising 6% to HK$3,117 million. EBITDA climbed 8% to HK$2,300 million and margi...

SUNeVision Sets Board Meeting to Approve 2026 Annual Results and Consider Final Dividend

Aug 11, 2026

SUNeVision Holdings Ltd. has scheduled a board meeting for 1 September 2026 to review and approve the annual results for the financial year ended 30 June 2026, covering the performance of the company and its subsidiaries. The board will also consider...

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: Sep 27, 2026