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Bonny International Holding Ltd.
(1906)
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Rating:51Neutral
Price Target:
HK$0.85
▲(77.92% Upside)
Action:Reiterated
Date:08/29/26
The score is held back primarily by weak financial performance (larger losses, negative ROE, and persistent negative free cash flow despite better operating cash flow). Technicals are a meaningful offset with strong momentum above major moving averages and a positive MACD, though the elevated RSI adds near-term pullback risk. Valuation remains challenging because losses drive a negative P/E and there is no dividend yield data to provide income-based support.
Positive Factors
Stable Gross Margin
Stable gross margin indicates the company’s core toiletry products retain underlying product economics despite weaker sales. This provides a foundation for recovery if management can control operating costs and restore revenue growth.
Negative Factors
Declining Revenue and Losses
Falling revenue alongside a sharply larger net loss signals weakening operating performance and poor cost absorption. Continued losses can constrain investment, weaken equity, and reduce the company’s ability to sustain a durable turnaround.
Read all positive and negative factors
Positive Factors
Negative Factors
Stable Gross Margin
Stable gross margin indicates the company’s core toiletry products retain underlying product economics despite weaker sales. This provides a foundation for recovery if management can control operating costs and restore revenue growth.
Read all positive factors
Bonny International Holding Ltd. (1906) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.27B
Dividend YieldN/A
Average Volume (3M)6.83M
Price to Earnings (P/E)―
Beta (1Y)-0.48
Revenue Growth-7.89%
EPS Growth-99.44%
CountryHK
Employees563
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)-0.04
Shares Outstanding1,471,123,700
10 Day Avg. Volume8,231,475
30 Day Avg. Volume6,830,806
Financial Highlights & Ratios
PEG Ratio-0.05
Price to Book (P/B)2.09
Price to Sales (P/S)2.68
P/FCF Ratio-23.09
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
Bonny International Holding Ltd. Business Overview & Revenue Model
Company Description
As an investment holding company, Bonny International Holding Limited specializes in the production and sale of intimate apparel. Its operations are divided into two main divisions: Original Design Manufacture (ODM) and proprietary Brand Products....
How the Company Makes Money
Bonny International Holding Ltd. generates revenue primarily by selling personal care and toiletry products. Key revenue streams typically include: (1) branded product sales, where the company sells finished goods under its own brand(s) through di...
Bonny International Holding Ltd. Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
46
Neutral
Cash Flow
34
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 231.84M | 266.74M | 177.67M | 160.91M | 248.78M |
| Gross Profit | 67.17M | 78.86M | 41.67M | 31.64M | 65.66M |
| EBITDA | -10.04M | 17.43M | -17.93M | -48.84M | -29.05M |
| Net Income | -56.79M | -16.73M | -45.27M | -70.94M | -6.55M |
Balance Sheet | |||||
| Total Assets | 623.27M | 644.80M | 588.08M | 571.50M | 593.73M |
| Cash, Cash Equivalents and Short-Term Investments | 21.05M | 14.15M | 3.65M | 10.73M | 12.76M |
| Total Debt | 227.57M | 172.71M | 133.59M | 144.24M | 144.79M |
| Total Liabilities | 325.15M | 289.27M | 275.40M | 281.56M | 248.00M |
| Stockholders Equity | 297.00M | 354.41M | 311.55M | 288.88M | 344.66M |
Cash Flow | |||||
| Free Cash Flow | -26.89M | -56.57M | -6.73M | -7.32M | -52.63M |
| Operating Cash Flow | 31.13M | 5.21M | 9.56M | 28.89M | 27.27M |
| Investing Cash Flow | -57.68M | -57.63M | -10.10M | -36.37M | -71.88M |
| Financing Cash Flow | 39.34M | 56.42M | -2.29M | 5.11M | 5.06M |
Bonny International Holding Ltd. Technical Analysis
Positive
0.48
Price Trends
0.60
Positive
0.55
Positive
0.54
Positive
Market Momentum
0.08
Negative
70.78
Negative
75.48
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1906, the sentiment is Positive. The current price of 0.48 is below the 20-day moving average (MA) of 0.72, below the 50-day MA of 0.60, and below the 200-day MA of 0.54, indicating a bullish trend. The MACD of 0.08 indicates Negative momentum. The RSI at 70.78 is Negative, neither overbought nor oversold. The STOCH value of 75.48 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1906.
Bonny International Holding Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | HK$20.27B | 10.97 | 14.47% | 6.11% | 4.21% | 9.77% | |
64 Neutral | HK$1.78B | 5.80 | 11.98% | 15.92% | 6.23% | -12.18% | |
64 Neutral | HK$3.34B | 11.87 | 9.33% | 6.23% | -1.56% | 53.99% | |
62 Neutral | HK$625.13M | 4.30 | 5.83% | 5.61% | -1.84% | 29.22% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
51 Neutral | HK$1.27B | -22.65 | -15.89% | ― | -7.89% | -99.44% | |
49 Neutral | HK$2.67B | -10.26 | -95.81% | ― | -32.93% | 37.03% |
* Consumer Cyclical Sector Average
HK:1906
Bonny International Holding Ltd.
0.81
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0.78
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-4.32%
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-9.52%
Bonny International Holding Ltd. Corporate Events
Bonny International Swings to Stronger Interim Profit Despite Revenue Decline
Aug 27, 2026
Bonny International Holding reported unaudited revenue of RMB97.4 million for the six months ended 30 June 2026, down from RMB116.2 million a year earlier, reflecting softer top-line performance. Despite the revenue decline, the group’s gros...
Bonny International Flags Connected Balances After Disposal of Hongkong Bonny Unit
Aug 27, 2026
Bonny International Holding Ltd. has disclosed that, following the June 30, 2026 completion of its disposal of Hongkong Bonny Limited to Hong Kong Bo De Trade Co., Limited, the Bonny HK Group ceased to be its subsidiary and became a connected part...
Bonny International Sets August Board Meeting to Approve Interim Results
Aug 7, 2026
Bonny International Holding Limited has scheduled a board meeting for 27 August 2026 to review and approve the interim results for the six months ended 30 June 2026. The board will also consider the declaration and payment of an interim dividend, ...
Bonny International Flags Disposal-Driven Profit Amid Core Business Weakness
Aug 6, 2026
Bonny International Holding expects to report a net profit attributable to shareholders of about RMB8 million to RMB10 million for the first half of 2026, up sharply from roughly RMB1.2 million a year earlier, largely due to a RMB14 million to RMB...
Bonny International Restructures Factory Lease After Bonny HK Disposal
Jul 2, 2026
Bonny International Holding Ltd. has restructured a key factory lease arrangement in Zhejiang after disposing of its subsidiary Bonny HK on 30 June 2026, which caused Zhejiang Bonny to leave the Group and exit the ODM business. To secure continued...
Bonny International Wins Unanimous Shareholder Backing at 2026 AGM
Jun 18, 2026
Bonny International Holding Ltd. reported that all resolutions at its 18 June 2026 annual general meeting were passed by poll with 100% of votes cast in favour. Shareholders approved the 2025 audited financial statements, re-elected key board memb...
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.