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Sunevision Holdings Ltd.
(1686)
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Rating:58Neutral
Price Target:
HK$5.00
▲(5.04% Upside)
Action:Reiterated
Date:07/03/26
The score is driven primarily by solid profitability but meaningfully reduced by balance-sheet leverage and a sharp deterioration in free cash flow. Technicals further weigh on the outlook due to a clear downtrend across moving averages and bearish MACD, despite oversold readings. Valuation and dividend are supportive but only moderately so given the other risks.
Positive Factors
High profit margins
Sunevision's very high gross and net margins indicate durable pricing power and efficient operations in its data-center business. These margins support sustained cash generation on core revenue, funding maintenance capex and value-added services without needing large top-line expansion to preserve profitability.
Negative Factors
High leverage
A debt-to-equity near 3x signals meaningful financial leverage that raises interest and refinancing risk. High leverage constrains strategic flexibility for M&A or capex, amplifies earnings volatility in downturns, and increases the importance of steady cash conversion to meet obligations.
Read all positive and negative factors
Positive Factors
Negative Factors
High profit margins
Sunevision's very high gross and net margins indicate durable pricing power and efficient operations in its data-center business. These margins support sustained cash generation on core revenue, funding maintenance capex and value-added services without needing large top-line expansion to preserve profitability.
Read all positive factors
Sunevision Holdings Ltd. (1686) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$12.88B
Dividend Yield2.21%
Average Volume (3M)6.33M
Price to Earnings (P/E)13.9
Beta (1Y)1.18
Revenue Growth6.09%
EPS Growth16.14%
CountryHK
Employees494
SectorReal Estate
Sector Strength53
IndustryInformation Technology Services
Share Statistics
EPS (TTM)0.25
Shares Outstanding2,363,184,800
10 Day Avg. Volume10,276,716
30 Day Avg. Volume6,330,256
Financial Highlights & Ratios
PEG Ratio-0.47
Price to Book (P/B)2.75
Price to Sales (P/S)5.70
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$7.95Price Target Upside66.91% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)0.32
Revenue Forecast (FY)HK$3.54B
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 special...
How the Company Makes Money
The company makes money mainly by operating data centers and charging customers for colocating IT equipment and consuming related infrastructure services. Key revenue streams typically include: (1) Colocation and facility rental fees: recurring ch...
Sunevision Holdings Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
65
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.98B | 3.12B | 2.94B | 2.67B | 2.35B | 2.09B |
| Gross Profit | 1.70B | 1.83B | 1.67B | 1.41B | 1.32B | 1.20B |
| EBITDA | 1.94B | 2.30B | 2.10B | 1.86B | 1.70B | 1.50B |
| Net Income | 1.03B | 1.15B | 979.41M | 907.19M | 905.37M | 846.83M |
Balance Sheet | ||||||
| Total Assets | 25.17B | 25.24B | 24.90B | 24.07B | 20.78B | 18.14B |
| Cash, Cash Equivalents and Short-Term Investments | 449.08M | 426.56M | 423.60M | 498.74M | 237.28M | 309.67M |
| Total Debt | 17.48B | 16.17B | 17.02B | 16.60B | 13.75B | 11.90B |
| Total Liabilities | 19.34B | 18.78B | 19.12B | 18.95B | 16.12B | 13.55B |
| Stockholders Equity | 5.83B | 6.46B | 5.78B | 5.12B | 4.65B | 4.58B |
Cash Flow | ||||||
| Free Cash Flow | 780.52M | 0.00 | 678.39M | -1.39B | -472.33M | -415.25M |
| Operating Cash Flow | 1.74B | 0.00 | 1.87B | 1.59B | 1.47B | 1.33B |
| Investing Cash Flow | -958.33M | 0.00 | -1.18B | -2.96B | -1.94B | -1.74B |
| Financing Cash Flow | -502.96M | 0.00 | -766.89M | 1.64B | 394.31M | 336.67M |
Sunevision Holdings Ltd. Technical Analysis
Neutral
4.76
Price Trends
4.98
Positive
5.41
Positive
5.58
Negative
Market Momentum
0.18
Negative
55.64
Neutral
68.57
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1686, the sentiment is Neutral. The current price of 4.76 is below the 20-day moving average (MA) of 5.23, below the 50-day MA of 4.98, and below the 200-day MA of 5.58, indicating a neutral trend. The MACD of 0.18 indicates Negative momentum. The RSI at 55.64 is Neutral, neither overbought nor oversold. The STOCH value of 68.57 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:1686.
Sunevision Holdings Ltd. Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | HK$13.08B | 11.25 | 12.24% | 3.86% | 12.73% | 28.42% | |
75 Outperform | HK$15.11B | 8.11 | 14.87% | 5.93% | 7.89% | 8.60% | |
74 Outperform | HK$10.85B | 7.57 | 21.17% | 9.01% | 10.76% | -12.76% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
59 Neutral | HK$2.33B | 27.46 | 0.70% | 7.83% | -2.93% | ― | |
58 Neutral | HK$12.88B | 13.91 | 18.64% | 2.58% | 6.09% | 16.14% | |
57 Neutral | HK$17.88B | 26.22 | 1.56% | 0.99% | 11.42% | -55.21% |
* Real Estate Sector Average
HK:1686
Sunevision Holdings Ltd.
5.43
-1.27
-18.96%
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-30.35%
HK:6098
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5.21
-1.00
-16.14%
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A-Living Smart City Services Co., Ltd. Class H
1.61
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Greentown Service Group Co. Ltd.
4.14
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-10.89%
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Poly Property Services Co., Ltd. Class H
27.10
-6.80
-20.06%
Sunevision Holdings Ltd. Corporate Events
Sunevision Wins Strong Shareholder Backing for Key Service Arrangements
Jun 30, 2026
Independent shareholders of Sunevision Holdings Ltd. overwhelmingly approved four ordinary resolutions at an extraordinary general meeting held on June 30, 2026, covering system and networking arrangements, maintenance arrangements and their relat...
SUNeVision secures HK$3 billion refinancing with covenants tied to controlling shareholder
Jun 25, 2026
SUNeVision Holdings has secured new committed banking facilities from Bank of China (Hong Kong) for a HK$1.5 billion term loan and a HK$1.5 billion revolving loan, totalling HK$3 billion, through its wholly owned subsidiary Grandwide Development. ...
SUNeVision calls June EGM to approve new SHKP technology and maintenance deals
May 28, 2026
SUNeVision Holdings has called an extraordinary general meeting for 30 June 2026 in Hong Kong to seek shareholder approval for a series of agreements with parent company Sun Hung Kai Properties. The resolutions cover a System and Networking Arrang...
SUNeVision Clarifies Listing Rule Treatment of Maintenance Deals and Calls EGM for Approval
May 26, 2026
SUNeVision Holdings has issued a supplemental announcement clarifying that its maintenance and maintenance sub-contracting arrangements must be aggregated with its system and networking arrangements when calculating percentage ratios under Hong Ko...
Sunevision Renews SHKP Connected-Transaction Framework Through 2029
May 7, 2026
Sunevision Holdings has renewed and extended its framework for various continuing connected transactions with the Sun Hung Kai Properties group, mainly covering installation services for extra-low-voltage and IT systems, as well as related mainten...
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.