K2 F&B Holdings Limited (2108) AI Stock Analysis

K2 F&B Holdings Limited

(HKEX:2108)

Select Model

Rating:65Neutral

Price Target:HKD 0.37▲(7.54% Upside)

Action:downgraded

Date:08/06/26

The score is driven mainly by decent financial performance and attractive valuation, while technical signals are mixed and do not add strong momentum. The absence of earnings call and corporate event data leaves the result focused on fundamentals and trading setup.

Positive Factors

Strong reported profitabilityThe improved 2025 net margin indicates the company retained a meaningful share of revenue as profit despite a weaker sales trend. This provides an earnings base for reinvestment and shareholder returns, although operating profitability remains less robust than the bottom line.

Negative Factors

Revenue contractionThe reversal from multi-year expansion to a 7% revenue decline indicates weaker sales momentum and makes future earnings growth less dependable. Sustained contraction would reduce operating leverage, limit reinvestment capacity, and place greater pressure on profitability.

K2 F&B Holdings Limited (2108) vs. iShares MSCI Hong Kong ETF (EWH)

Market Cap: HKD 276.00M
Dividend Yield: 5.47%
Average Volume (3M): 142.03K
Price to Earnings (P/E): 5.3
Beta (1Y): 0.44
Revenue Growth: -3.98%
EPS Growth: 174.79%
Country: Hong Kong
Employees: 354
Sector: Consumer Cyclical
Sector Strength: 61
Industry: Restaurants

K2 F&B Holdings Limited Business Overview & Revenue Model

Company Description

K2 F&B Holdings Limited is a Singapore-based food and beverage enterprise that oversees the management and operation of various food centers and hawker-style streets. The company's operations are divided into two main segments. Its Outlet Management...

How the Company Makes Money

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K2 F&B Holdings Limited Financial Statement Overview

Summary

Profitability is solid, with net margin improving sharply to 19% and leverage trending down, but the latest revenue decline and weaker cash flow limit the score.

Income Statement

72Positive

Balance Sheet

68Positive

Cash Flow

65Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	50.90M	51.51M	57.17M	55.74M	47.29M	37.39M
Gross Profit	20.84M	35.60M	37.84M	36.22M	19.14M	13.81M
EBITDA	9.69M	9.94M	9.40M	15.71M	11.32M	7.87M
Net Income	8.51M	9.56M	2.81M	7.31M	5.67M	4.57M
Balance Sheet
Total Assets	182.41M	204.58M	204.04M	198.13M	190.81M	167.84M
Cash, Cash Equivalents and Short-Term Investments	8.51M	5.45M	7.21M	7.43M	6.93M	8.49M
Total Debt	71.94M	95.76M	103.99M	100.47M	104.76M	88.96M
Total Liabilities	87.02M	105.81M	114.84M	111.71M	113.24M	95.94M
Stockholders Equity	95.40M	98.79M	89.23M	86.42M	77.57M	71.90M
Cash Flow
Free Cash Flow	6.74M	5.09M	6.10M	5.33M	6.10M	6.00M
Operating Cash Flow	7.66M	6.01M	9.61M	8.89M	9.83M	6.92M
Investing Cash Flow	10.66M	-299.67K	-1.58M	3.68M	-5.97M	-4.84M
Financing Cash Flow	-14.15M	-8.83M	-8.25M	-11.13M	-4.83M	-5.36M

K2 F&B Holdings Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price0.34

Price Trends

50DMA0.39Negative

100DMA0.41Negative

200DMA0.39Negative

Market Momentum

MACD-0.02Positive

RSI26.00Positive

STOCH13.69Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2108, the sentiment is Negative. The current price of 0.34 is below the 20-day moving average (MA) of 0.38, below the 50-day MA of 0.39, and below the 200-day MA of 0.39, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 26.00 is Positive, neither overbought nor oversold. The STOCH value of 13.69 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2108.

K2 F&B Holdings Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

HK:2108 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HK:2108	65Neutral	HKD 276.00M	5.30	8.76%	5.47%	-3.98%	174.79%
HK:0052	63Neutral	HKD 642.58M	15.50	6.33%	6.04%	-0.04%	16.95%
HK:0341	62Neutral	HKD 3.35B	20.37	6.13%	6.73%	-4.50%	-29.22%
Sector *	61Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
HK:0573	53Neutral	HKD 284.02M	-5.86	-4.47%	―	3.29%	48.16%
HK:1314	51Neutral	HKD 223.33M	23.14	1.95%	―	-2.56%	-23.91%
HK:0520	37Underperform	HKD 213.15M	-0.71	-55.81%	―	-19.88%	-20.64%

* Consumer Cyclical Sector Average

Performance Comparison

HK:2108 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
HK:2108	K2 F&B Holdings Limited	0.34	0.06	22.34%
HK:0052	Fairwood Holdings	4.96	0.16	3.23%
HK:0573	Tao Heung Holdings Limited	0.28	-0.06	-17.65%
HK:1314	Tsui Wah Holdings Ltd.	0.16	-0.02	-10.50%
HK:0341	Cafe de Coral Holdings Ltd.	5.94	0.10	1.69%
HK:0520	Xiabuxiabu Catering Management (China) Holdings Co., Ltd.	0.20	-0.80	-80.30%

K2 F&B Holdings Limited Corporate Events

K2 F&B Swings to Interim Loss as Rising Costs Erode Margins

Aug 21, 2026

K2 F&B Holdings Limited reported unaudited revenue of S$25.2 million for the six months ended 30 June 2026, down slightly from S$26.1 million a year earlier, as higher property rentals, depreciation of right-of-use assets, and finance costs weigh...

K2 F&B Details Governance Credentials of New Independent Director

Aug 20, 2026

K2 F&B Holdings has issued a supplemental announcement detailing the professional background of newly appointed independent non-executive director Mr. Ong Shen Chieh. The board aims to demonstrate that his experience meets Hong Kong listing rules...

K2 F&B warns of interim loss on one-off asset disposal

Aug 19, 2026

K2 F&B Holdings Limited is a food and beverage group incorporated in the Cayman Islands and listed on the Hong Kong Stock Exchange. The Group operates in the F&B sector with a focus on serving customers in its core markets, and its business r...

K2 F&B Sets August Board Meeting to Review Interim Results and Dividend

Aug 11, 2026

K2 F&B Holdings Limited has scheduled a board meeting for 21 August 2026 to review and approve the interim results for the six months ended 30 June 2026. The board will also consider the declaration of an interim dividend, signaling potential ret...

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 06, 2026

K2 F&B Holdings Limited AI Stock Analysis