DL Holdings Group Limited (1709) AI Stock Analysis

• Market Cap: HK$5.44B
• Dividend Yield: 0.59%
• Average Volume (3M): 68.55M
• Price to Earnings (P/E): 34.8
• Beta (1Y): 0.33
• Revenue Growth: -6.27%
• EPS Growth: 27.12%
• Country: HK
• Employees: 92
• Sector: Financial
• Sector Strength: 70
• Industry: Apparel - Manufacturers
• EPS (TTM): 0.09
• Shares Outstanding: 1,750,848,900
• 10 Day Avg. Volume: 107,441,536
• 30 Day Avg. Volume: 68,547,874
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: HK$3.50
• Price Target Upside: 8.36% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 61 Neutral
• Price Target: HK$3.50 ▲(8.36% Upside)

DL Holdings Group Limited's overall stock score is driven by strong financial performance, particularly in profitability and revenue growth. However, concerns about cash flow management and a high P/E ratio weigh on the score. Technical indicators suggest neutral momentum, contributing to a moderate overall assessment.

DL Holdings Group Limited Business Overview & Revenue Model

Company Description

DL Holdings Group Limited, an investment holding company, engages in the sale of apparel products and the provision of supply chain management solutions. It offers financial advisory, securities research, securities trading and brokerage, margin financing, referral, and investment management and advisory services; money lending services; asset management services; and equity pledge financing services. The company also provides enterprise solutions services, such as global identity planning and wealth inheritance consultancy services, and other business consultancy services. It operates in Hong Kong, Singapore, the People's Republic of China, the United States, Cayman Islands, Europe, the Middle East, and other Asia Pacific region. The company was formerly known as Season Pacific Holdings Limited and changed its name to DL Holdings Group Limited in March 2020. DL Holdings Group Limited was founded in 2013 and is headquartered in Hong Kong, Hong Kong.

How the Company Makes Money

DL Holdings Group Limited generates revenue through multiple key streams. Its primary source of income comes from asset management fees, which are charged for managing investment portfolios on behalf of clients. The company also earns advisory fees from providing financial consulting services, including mergers and acquisitions, capital raising, and investment strategy development. Additionally, DL Holdings benefits from performance fees tied to the success of its investment strategies, allowing it to capture a portion of the profits generated for clients. Significant partnerships with financial institutions and technology providers bolster its service offerings, enhancing its ability to attract and retain clients, thereby contributing to its overall earnings.

DL Holdings Group Limited Financial Statement Overview

Summary

DL Holdings Group Limited demonstrates strong profitability and revenue growth, particularly in the latest period. The balance sheet is stable with moderate leverage, but cash flow management remains a concern. The company should focus on enhancing cash flow generation to sustain its growth trajectory and mitigate potential risks from revenue volatility.

Income Statement

DL Holdings Group Limited has shown a strong recovery in its income statement metrics. The company achieved a high gross profit margin of 73.24% and an impressive net profit margin of 72.14% in the latest period. Revenue growth rate was robust at 27.10%, indicating strong sales performance. EBIT and EBITDA margins were also exceptionally high, reflecting operational efficiency. However, the company experienced revenue declines in previous years, which could indicate volatility.

Balance Sheet

The balance sheet of DL Holdings Group Limited is relatively stable with a debt-to-equity ratio of 0.23, indicating moderate leverage. The return on equity stands at 14.91%, which is decent but has decreased from previous years. The equity ratio is healthy, suggesting a strong equity base. However, the company has experienced fluctuations in its debt levels over the years.

Cash Flow

Cash flow analysis reveals challenges, with a significant decline in free cash flow growth at -93.91%. The operating cash flow to net income ratio is low at 0.07, indicating potential issues in converting income into cash. However, the free cash flow to net income ratio is relatively healthy at 0.57. The company needs to improve its cash flow generation to support long-term growth.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	149.22M	189.66M	202.35M	179.41M	300.42M	422.70M
Gross Profit	122.27M	138.91M	130.46M	84.03M	156.43M	234.90M
EBITDA	252.68M	188.03M	120.79M	-26.94M	137.07M	226.59M
Net Income	100.67M	136.81M	99.90M	-49.18M	109.78M	200.80M
Balance Sheet
Total Assets	1.08B	1.29B	1.08B	894.69M	914.78M	627.94M
Cash, Cash Equivalents and Short-Term Investments	45.16M	31.70M	39.84M	83.50M	154.64M	56.22M
Total Debt	210.05M	209.46M	307.02M	174.39M	208.01M	38.86M
Total Liabilities	355.12M	342.13M	555.47M	458.94M	388.62M	127.38M
Stockholders Equity	724.80M	917.64M	520.97M	435.75M	526.16M	500.56M
Cash Flow
Free Cash Flow	157.83M	9.61M	-34.97M	194.19M	105.96M	48.31M
Operating Cash Flow	164.93M	16.91M	-33.66M	194.61M	108.15M	49.13M
Investing Cash Flow	-131.69M	-46.09M	-65.23M	-50.05M	15.80M	-114.30M
Financing Cash Flow	68.07M	21.03M	-30.79M	-102.45M	62.38M	98.98M

DL Holdings Group Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 3.23
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1709, the sentiment is Negative. The current price of 3.23 is above the 20-day moving average (MA) of 3.17, below the 50-day MA of 3.34, and below the 200-day MA of 3.89, indicating a neutral trend. The MACD of 0.06 indicates Negative momentum. The RSI at 49.10 is Neutral, neither overbought nor oversold. The STOCH value of 38.76 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1709.

DL Holdings Group Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2199	76 Outperform	2.62B	14.25	5.81%	2.01%	11.73%	28.38%
1234	74 Outperform	4.29B	9.38	11.45%	8.38%	3.23%	-21.82%
1982	72 Outperform	2.01B	5.86	14.43%	12.84%	-0.61%	-5.36%
3818	69 Neutral	2.91B	12.99	2.25%	4.64%	-4.65%	0.00%
2368	63 Neutral	2.13B	9.62	12.38%	7.01%	17.99%	-20.83%
1709	61 Neutral	HK$5.44B	34.81	19.02%	0.59%	-6.27%	27.12%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%

DL Holdings Group Limited Corporate Events

DL Holdings Expands Fintech Investments with Asseto and Pangu

DL Holdings Group Limited has announced a supplemental update regarding its strategic investments in Asseto Holdings Limited and Pangu Software Pte Ltd. Asseto Holdings is a fintech company specializing in digital asset innovation, focusing on the tokenization of real-world assets through a dual-layer platform that integrates traditional finance with decentralized finance. The company’s core projects include the Asseto Orient Arbitrage Strategy, which aims for approximately 10% annualized returns with low risk, and other financial products like money market funds and stablecoin yield products. This investment positions DL Holdings to potentially distribute these innovative financial products to its clients, enhancing its market presence in the fintech industry.

The most recent analyst rating on (HK:1709) stock is a Hold with a HK$3.00 price target. To see the full list of analyst forecasts on DL Holdings Group Limited stock, see the HK:1709 Stock Forecast page.

DL Holdings Delays Circular Dispatch for Share Subscription

DL Holdings Group Limited has announced a delay in the dispatch of a circular related to a connected transaction involving the subscription of new shares under a specific mandate. The circular, which was originally scheduled to be sent to shareholders by August 28, 2025, will now be dispatched by September 18, 2025, due to the need for additional time to finalize certain information. This delay may impact the company’s timeline for executing the transaction and could have implications for stakeholders awaiting the details of the subscription agreement.

The most recent analyst rating on (HK:1709) stock is a Hold with a HK$3.00 price target. To see the full list of analyst forecasts on DL Holdings Group Limited stock, see the HK:1709 Stock Forecast page.

DL Holdings Group Limited Announces Share Purchase for Award Scheme

DL Holdings Group Limited has announced the purchase of 4,200,000 shares as part of its 2025 Restricted Share Award Scheme. This move, accounting for approximately 0.25% of the existing total number of shares, is aimed at benefiting selected participants under the scheme. The board will continue to review and determine the number of shares to be awarded and purchased under the scheme, reflecting the company’s strategic approach to incentivize and retain talent.

The most recent analyst rating on (HK:1709) stock is a Hold with a HK$3.00 price target. To see the full list of analyst forecasts on DL Holdings Group Limited stock, see the HK:1709 Stock Forecast page.

DL Holdings Completes Share Placement and Top-Up Subscription

DL Holdings Group Limited has successfully completed the placing of existing shares and a top-up subscription of new shares under a general mandate. On August 11, 2025, 201,456,000 shares were placed at HK$2.95 each, and on August 14, 2025, the same number of new shares were issued to the sellers. The placement involved independent third parties, ensuring no new substantial shareholders emerged.

DL Holdings Group Expands Digital Finance Initiatives with New Share Subscription

DL Holdings Group Limited announced a supplemental plan involving the placing of existing shares and a top-up subscription of new shares, aiming to raise approximately HK$640.36 million. The proceeds will be used to strategically develop the company’s digital finance business, enhance IT facilities, and support general working capital, with a significant portion allocated to RWA tokenisation initiatives.

DL Holdings Group Limited Announces Share Purchase Under 2025 Award Scheme

DL Holdings Group Limited has announced the purchase of 2,125,000 shares as part of its 2025 Restricted Share Award Scheme. This move, representing approximately 0.14% of the company’s total shares, is aimed at benefiting selected participants and reflects the company’s strategic efforts to enhance stakeholder value.

DL Holdings Group Limited Announces Share Placement and Subscription to Raise HK$653.30 Million

DL Holdings Group Limited announced a strategic financial maneuver involving the placing of existing shares and a top-up subscription of new shares under a general mandate, along with a connected transaction for new shares under a specific mandate. This initiative is expected to raise approximately HK$653.30 million, potentially enhancing the company’s capital base and market positioning.

DL Holdings Invests in Web3 Gaming Firm Pangu Software

DL Holdings Group Limited has announced a strategic investment through a fund it manages in Pangu Software Pte Ltd, a Singapore-based technology company specializing in decentralized Web3 gaming platforms. This investment aligns with DL Holdings’ focus on digital finance and virtual assets, aiming to strengthen its presence in the digital entertainment and Web3 sectors. The fund will acquire a 2.0% equity interest in Pangu, enhancing its strategic positioning in innovative gaming monetization models.

DL Holdings Group Invests in Fintech Leader Asseto Holdings

DL Holdings Group Limited has announced a strategic investment in Asseto Holdings Limited by subscribing to 77,352 Class A ordinary shares for USD 1,290,335. Asseto, a leading fintech company in Asia specializing in the tokenization of real-world assets, is expanding its product lines and establishing a strong network of strategic partners, positioning itself as a potential leader in the Web3 space. This investment aligns with DL Holdings’ strategy to enhance its portfolio in the fintech sector, potentially impacting its market positioning and offering new opportunities for growth.

DL Holdings Group Limited Announces New Board Composition

DL Holdings Group Limited has announced the composition of its board of directors and their respective roles, effective from July 31, 2025. The board consists of executive, non-executive, and independent non-executive directors, with Mr. Chen Ningdi serving as Chairman. The announcement outlines the membership of the board’s three committees: Audit, Nomination, and Remuneration, highlighting the leadership roles within these committees. This update is crucial for stakeholders as it reflects the company’s governance structure and may influence its strategic direction and operational oversight.