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E-Commodities Holdings Limited (1733) AI Stock Analysis

HK:1733

E-Commodities Holdings Limited

(HKEX:1733)

Select Model
Rating:53Neutral
Price Target:HKD 0.71â–²(11.09% Upside)
Action:reiterated
Date:08/07/26

The score is held back primarily by weakening financial performance and cash generation (margin compression and negative recent free cash flow) alongside a bearish price trend below key moving averages. Offsetting these risks, the stock screens as cheap on P/E and offers a very high dividend yield, which improves the overall rating despite the operational downshift.

Positive Factors
Manageable leverageManageable leverage and a growing equity base provide financial resilience for a commodity-trading business. This supports continued operations and leaves more flexibility to manage weaker trading conditions than a heavily indebted balance sheet would allow.
Negative Factors
Revenue and margin deteriorationThe sharp revenue decline and lower net margin indicate weaker trading volumes, pricing, or cost absorption, reducing current earnings quality. Persistently thin profitability leaves less room to withstand adverse commodity conditions and makes recovery dependent on improved operating performance.

E-Commodities Holdings Limited (1733) vs. iShares MSCI Hong Kong ETF (EWH)

-40%-30%-20%-10%0%10%20%HK:1733-26.77%EWH+7.37%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
HKD 1.71B
Dividend Yield
4.69%
Average Volume (3M)
1.38M
Price to Earnings (P/E)
3.9
Beta (1Y)
0.35
Revenue Growth
-16.97%
EPS Growth
57.48%
Country
Hong Kong
Employees
2,233
Sector
Energy
Sector Strength
65
Industry
Coal

E-Commodities Holdings Limited Business Overview & Revenue Model

Company Description

E-Commodities Holdings Limited, together with its subsidiaries, engages in the processing and trading of coal and other products. It operates through two segments, Trading of Coal and Other Products; and Rendering of Integrated Supply Chain Services....

How the Company Makes Money

E-Commodities Holdings Limited primarily makes money from commodity trading and supply-chain services. Its revenue model typically includes (1) sales revenue generated by buying commodities from suppliers and reselling them to downstream customers (w...

E-Commodities Holdings Limited Financial Statement Overview

Summary

Financial performance is pressured: revenue fell ~21% in 2025 and net margin compressed to ~1.3%, while free cash flow was slightly negative in 2025 after materially negative 2024. The balance sheet is relatively solid with manageable leverage (debt-to-equity ~0.37), but materially lower ROE (~3.5%) indicates weakened earnings power and cash conversion.

Income Statement

47Neutral

Balance Sheet

66Positive

Cash Flow

38Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue26.56B25.24B39.17B40.59B34.41B41.18B
Gross Profit1.31B900.45M1.52B3.70B3.20B5.83B
EBITDA1.01B860.62M1.47B3.13B2.27B4.44B
Net Income429.80M315.68M921.53M2.12B1.67B3.46B
Balance Sheet
Total Assets17.56B18.15B17.43B17.81B13.29B15.45B
Cash, Cash Equivalents and Short-Term Investments2.90B4.42B2.11B3.37B2.97B4.17B
Total Debt3.22B3.37B2.81B2.67B1.90B2.29B
Total Liabilities7.72B8.70B8.33B9.00B6.10B7.97B
Stockholders Equity9.49B9.06B8.66B8.49B6.92B7.23B
Cash Flow
Free Cash Flow-1.41B-41.73M-385.42M1.14B1.54B2.11B
Operating Cash Flow-768.34M751.26M640.40M2.03B2.17B2.76B
Investing Cash Flow-650.73M-606.70M-909.00M-1.83B-752.48M-456.37M
Financing Cash Flow222.50M261.05M-651.77M532.53M-2.11B152.90M

E-Commodities Holdings Limited Technical Analysis

Technical Analysis SentimentNegative
Last Price0.64

Price Trends

50DMA0.70Negative
100DMA0.66Negative
200DMA0.72Negative

Market Momentum

MACD-0.02Positive
RSI34.86Neutral
STOCH29.40Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1733, the sentiment is Negative. The current price of 0.64 is below the 20-day moving average (MA) of 0.67, below the 50-day MA of 0.70, and below the 200-day MA of 0.72, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 34.86 is Neutral, neither overbought nor oversold. The STOCH value of 29.40 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1733.

E-Commodities Holdings Limited Peers Comparison

Overall Rating

UnderperformOutperform
Sector (65)

Financial Indicators

HK:1733 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *65Neutral$15.17B7.614.09%5.20%3.87%-62.32%
HK:1733HK:173353NeutralHKD 1.71B3.924.63%4.69%-16.97%57.48%
HK:2798HK:279849NeutralHKD 1.29B-4.33-8.33%―-18.64%-234.02%
HK:6885HK:688545NeutralHKD 297.16M-0.17-72.85%―0.39%-394.16%
HK:1303HK:130342NeutralHKD 243.96M14.451.31%―-50.77%-75.16%
HK:1738HK:173839UnderperformHKD 78.69M-0.1127.77%―16.00%-16.41%
HK:1393HK:139337UnderperformHKD 92.11M-0.14-141.19%―-17.39%-5.91%

* Energy Sector Average

Performance Comparison

-50%0%50%HK:1733HK:1738HK:1393HK:2798HK:1303HK:6885Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
HK:1733 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:1733E-Commodities Holdings Limited0.64-0.20-23.44%
HK:1738Feishang Anthracite Resources 0.06-0.17-75.22%
HK:1393Hidili Industry International Development Limited0.02-0.04-69.23%
HK:2798Perennial Energy Holdings Ltd.0.81-0.21-21.08%
HK:1303Huili Resources (Group) Limited0.12-0.08-42.00%
HK:6885Henan JinMa Energy Co. Ltd. Class H0.56-1.02-64.87%

E-Commodities Holdings Limited Corporate Events

E-Commodities Sets Interim Dividend and Key Dates for 2026 Payout

Aug 28, 2026

E-Commodities Holdings Limited has declared an interim ordinary cash dividend of HKD 0.023 per share for the six months ended 30 June 2026, payable in Hong Kong dollars for the financial year ending 31 December 2026.The company updated the announceme...

E-Commodities Doubles Interim Profit as Margins Improve, Declares Higher Dividend

Aug 25, 2026

E-Commodities Holdings reported a strong set of unaudited interim results for the six months ended 30 June 2026, with revenue rising 10.38% year-on-year to HK$13,987 million and gross profit more than doubling to HK$706 million. Net profit surged 98....

E-Commodities Declares Interim Cash Dividend for First Half of 2026

Aug 25, 2026

E-Commodities Holdings Limited has announced an interim ordinary cash dividend of HKD 0.023 per share for the six months ended 30 June 2026, for the financial year ending 31 December 2026. The payment date has been set for 12 January 2027, with key t...

E-Commodities Sees Profit Surge on Rising Coking Coal Prices

Aug 11, 2026

E-Commodities Holdings Limited expects to report a net profit of more than HK$240 million for the six months ended 30 June 2026, an increase of over 80% year on year, driven mainly by higher market prices for coking coal and a recovery in gross profi...

E-Commodities Sets August Board Meeting to Review Interim Results and Dividend

Aug 11, 2026

E-Commodities Holdings Limited has scheduled a board meeting for 25 August 2026 to review and approve the Group’s interim results for the six months ended 30 June 2026 and to arrange their publication. The board will also consider the payment o...

E-Commodities boosts subsidiary financing with RMB facilities and guarantees

Jul 24, 2026

E-Commodities Holdings has expanded trade finance and credit lines for its wholly owned unit Hainan More Richway Supply Chain Management through new arrangements with two mainland Chinese banks. The company will back these facilities with corporate g...

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: Aug 07, 2026