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Zall Smart Commerce Group Ltd.
(2098)
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Rating:44Neutral
Price Target:
HK$0.07
â–¼(-43.08% Downside)
Action:Reiterated
Date:08/29/26
The score is held down primarily by weak financial performance (thin profitability, 2025 revenue decline, meaningful leverage, and uneven cash flow). Technicals add further pressure as the stock trades below key moving averages with negative MACD. A low P/E provides some valuation support but is not enough to outweigh the operational and trend risks.
Positive Factors
Integrated commerce and logistics platform
The company operates an integrated physical commerce ecosystem rather than a single-purpose property asset. Market complexes supported by warehousing, logistics, and merchant services can create recurring operating relationships and reinforce its role in wholesale and industrial trade flows over time.
Negative Factors
Sharp revenue decline and volatility
The reversal from growth to an approximately 18% revenue decline shows that demand and project-related monetization remain uneven. Persistent top-line volatility makes capacity planning harder, reduces operating leverage, and weakens confidence in near-term earnings durability.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated commerce and logistics platform
The company operates an integrated physical commerce ecosystem rather than a single-purpose property asset. Market complexes supported by warehousing, logistics, and merchant services can create recurring operating relationships and reinforce its role in wholesale and industrial trade flows over time.
Read all positive factors
Zall Smart Commerce Group Ltd. (2098) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$942.36M
Dividend Yield0.3%
Average Volume (3M)1.50M
Price to Earnings (P/E)―
Beta (1Y)0.18
Revenue Growth-43.78%
EPS Growth-696.45%
CountryHK
Employees1,381
SectorIndustrials
Sector Strength72
IndustryAirlines, Airports & Air Services
Share Statistics
EPS (TTM)0.01
Shares Outstanding12,399,506,000
10 Day Avg. Volume2,207,200
30 Day Avg. Volume1,498,266
Financial Highlights & Ratios
PEG Ratio0.53
Price to Book (P/B)0.08
Price to Sales (P/S)0.00726
P/FCF Ratio859.33
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
Zall Smart Commerce Group Ltd. Business Overview & Revenue Model
Company Description
Zall Smart Commerce Group Ltd., an investment holding company, engages in the supply chain management and trading businesses in the People’s Republic of China and Singapore. It operates in two segments, Property Development and Related Services; a...
How the Company Makes Money
Zall Smart Commerce Group Ltd. primarily makes money through the development and operation of its commerce hubs/professional market projects and by providing supporting services to participants in those ecosystems. Key revenue streams typically in...
Zall Smart Commerce Group Ltd. Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
46
Neutral
Cash Flow
29
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 155.03B | 162.36B | 125.29B | 110.91B | 104.55B |
| Gross Profit | 585.65M | 698.97M | 846.64M | 587.42M | 885.75M |
| EBITDA | -21.93M | 669.06M | 717.13M | -2.50B | -797.98M |
| Net Income | 147.45M | 128.95M | 50.91M | -3.04B | -1.33B |
Balance Sheet | |||||
| Total Assets | 61.75B | 69.48B | 63.78B | 60.36B | 59.28B |
| Cash, Cash Equivalents and Short-Term Investments | 8.52B | 1.58B | 1.80B | 1.47B | 1.23B |
| Total Debt | 14.44B | 16.38B | 15.30B | 18.27B | 17.73B |
| Total Liabilities | 47.34B | 55.14B | 49.57B | 46.21B | 42.50B |
| Stockholders Equity | 14.09B | 13.95B | 13.80B | 13.75B | 16.45B |
Cash Flow | |||||
| Free Cash Flow | 1.31M | -350.86M | 1.93B | 805.96M | 647.26M |
| Operating Cash Flow | 86.95M | -269.47M | 2.02B | 858.74M | 721.57M |
| Investing Cash Flow | -24.05M | 142.71M | 866.66M | 709.20M | 2.26B |
| Financing Cash Flow | 17.04M | -128.06M | -2.45B | -1.33B | -3.07B |
Zall Smart Commerce Group Ltd. Technical Analysis
Positive
0.13
Price Trends
0.07
Positive
0.08
Positive
0.09
Negative
Market Momentum
<0.01
Negative
60.81
Neutral
113.33
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2098, the sentiment is Positive. The current price of 0.13 is above the 20-day moving average (MA) of 0.07, above the 50-day MA of 0.07, and above the 200-day MA of 0.09, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 60.81 is Neutral, neither overbought nor oversold. The STOCH value of 113.33 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2098.
Zall Smart Commerce Group Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | HK$426.57M | 15.80 | 24.82% | 4.55% | 18.70% | -8.56% | |
55 Neutral | HK$667.09M | 10.85 | 1.90% | 4.20% | -4.13% | -19.03% | |
49 Neutral | HK$480.69M | -3.17 | -14.50% | 1.48% | 5.28% | -148.69% | |
44 Neutral | HK$942.36M | -0.69 | -8.15% | 0.30% | -43.78% | -696.45% | |
41 Neutral | HK$931.52M | 58.65 | 2.80% | 0.65% | 6.56% | -9.25% |
* Industrials Sector Average
HK:2098
Zall Smart Commerce Group Ltd.
0.08
-0.05
-37.50%
HK:0560
Chu Kong Shipping Enterprises (Group) Co. Ltd.
0.60
-0.17
-22.38%
HK:2130
CN Logistics International Holdings Limited
3.09
-0.29
-8.70%
HK:6123
YTO International Express and Supply Chain Technology Limited
1.11
-0.08
-6.72%
HK:2482
Logory Logistics Technology Co. Ltd. Class H
0.30
-0.49
-62.03%
HK:6083
World-Link Logistics (Asia) Holding Ltd
0.83
0.37
80.13%
Zall Smart Commerce Group Ltd. Corporate Events
Zall Smart Commerce Swings to Interim Loss on Revenue Slump and Property Hit
Aug 31, 2026
Zall Smart Commerce Group reported a sharp decline in interim revenue to RMB36.9 billion for the six months ended 30 June 2026, down from RMB90.9 billion a year earlier, with gross profit falling to RMB223 million. The company swung to a net loss ...
Zall Smart Commerce Expects RMB1.2 Billion Interim Loss on Property Valuations
Aug 21, 2026
Zall Smart Commerce Group Ltd. has warned investors that it expects to swing to a net loss of about RMB1.2 billion for the six months ended 30 June 2026, compared with a net profit of roughly RMB70 million a year earlier. The sharp reversal is pri...
Zall Smart Commerce Sets Board Meeting to Review 2026 Interim Results and Dividend
Aug 13, 2026
Zall Smart Commerce Group Ltd. has scheduled a board meeting for 31 August 2026 to review and approve the unaudited interim financial results for the six months ended 30 June 2026. The board will also consider declaring an interim dividend, a deci...
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.