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Smart-Core Holdings Ltd.
(2166)
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Rating:65Neutral
Price Target:
HK$4.50
▲(112.26% Upside)
Action:Reiterated
Date:08/22/26
The score is primarily held back by weak financial quality due to the 2025 swing to materially negative operating and free cash flow, despite improved leverage and a rebound in revenue. Technicals are a key offset with strong momentum above major moving averages, while valuation is broadly reasonable with a mid-range P/E and a supportive dividend yield.
Positive Factors
2025 Revenue Rebound
The sharp 2025 revenue rebound indicates that the company can regain demand after periods of contraction. If this recovery persists, greater scale could support operating leverage, strengthen its market position, and provide a broader base for future earnings growth.
Negative Factors
Negative Cash Generation
The sharp swing to materially negative operating and free cash flow is the most significant fundamental weakness. Persistent cash shortfalls would reduce funding flexibility, increase reliance on working-capital management or financing, and weaken confidence in earnings quality.
Read all positive and negative factors
Positive Factors
Negative Factors
2025 Revenue Rebound
The sharp 2025 revenue rebound indicates that the company can regain demand after periods of contraction. If this recovery persists, greater scale could support operating leverage, strengthen its market position, and provide a broader base for future earnings growth.
Read all positive factors
Smart-Core Holdings Ltd. (2166) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$2.30B
Dividend Yield4.73%
Average Volume (3M)921.83K
Price to Earnings (P/E)4.6
Beta (1Y)0.22
Revenue Growth120.16%
EPS Growth263.85%
CountryHK
Employees324
SectorTechnology
Sector Strength88
IndustryTechnology Distributors
Share Statistics
EPS (TTM)0.87
Shares Outstanding586,417,050
10 Day Avg. Volume591,900
30 Day Avg. Volume921,833
Financial Highlights & Ratios
PEG Ratio0.09
Price to Book (P/B)0.92
Price to Sales (P/S)0.15
P/FCF Ratio-2.58
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
Smart-Core Holdings Ltd. Business Overview & Revenue Model
Company Description
Smart-Core Holdings Limited functions as an investment holding company primarily engaged in distributing integrated circuits and various other electronic components. The company's operations span the People's Republic of China, Singapore, and glob...
Smart-Core Holdings Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
66
Positive
Cash Flow
38
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 10.61B | 6.59B | 4.65B | 5.67B | 10.01B | 10.39B |
| Gross Profit | 655.41M | 409.53M | 311.68M | 441.46M | 1.09B | 989.95M |
| EBITDA | 370.19M | 157.53M | 153.95M | 189.30M | 558.05M | 542.68M |
| Net Income | 402.87M | 161.35M | 100.34M | 71.13M | 164.74M | 214.06M |
Balance Sheet | ||||||
| Total Assets | 4.00B | 2.26B | 1.69B | 1.74B | 2.86B | 3.64B |
| Cash, Cash Equivalents and Short-Term Investments | 454.25M | 336.64M | 297.72M | 395.28M | 494.40M | 290.93M |
| Total Debt | 1.30B | 568.36M | 315.68M | 484.46M | 1.05B | 1.67B |
| Total Liabilities | 2.69B | 1.20B | 734.14M | 835.88M | 1.66B | 2.60B |
| Stockholders Equity | 1.31B | 1.06B | 959.33M | 904.74M | 873.37M | 805.99M |
Cash Flow | ||||||
| Free Cash Flow | 58.69M | -379.14M | 215.36M | 355.83M | 859.24M | -447.51M |
| Operating Cash Flow | 59.02M | -378.46M | 216.49M | 361.65M | 869.75M | -441.23M |
| Investing Cash Flow | 2.04M | 915.00K | 33.25M | 27.93M | -74.70M | -281.13M |
| Financing Cash Flow | -57.48M | 273.08M | -173.44M | -711.51M | -592.78M | 775.02M |
Smart-Core Holdings Ltd. Technical Analysis
Negative
2.12
Price Trends
4.54
Negative
4.27
Negative
3.37
Positive
Market Momentum
-0.04
Positive
42.88
Neutral
-0.31
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2166, the sentiment is Negative. The current price of 2.12 is below the 20-day moving average (MA) of 4.61, below the 50-day MA of 4.54, and below the 200-day MA of 3.37, indicating a neutral trend. The MACD of -0.04 indicates Positive momentum. The RSI at 42.88 is Neutral, neither overbought nor oversold. The STOCH value of -0.31 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2166.
Smart-Core Holdings Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | HK$1.12B | 5.01 | 12.36% | 1.54% | 12.17% | 331.64% | |
75 Outperform | HK$13.90B | 7.91 | 16.01% | 4.40% | 10.80% | 37.32% | |
74 Outperform | HK$231.00M | 22.12 | 5.93% | 1.21% | -32.77% | 337.65% | |
65 Neutral | HK$2.30B | 4.62 | 34.04% | 4.73% | 120.16% | 263.85% | |
65 Neutral | HK$1.83B | 9.47 | 21.49% | ― | -15.95% | -12.10% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
57 Neutral | HK$7.92B | 17.97 | 8.41% | 2.94% | 81.43% | 65.90% |
* Technology Sector Average
HK:2166
Smart-Core Holdings Ltd.
4.02
2.19
120.27%
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Smart-Core Holdings Ltd. Corporate Events
Smart-Core Holdings Delivers Surge in Interim Profit and Ups Dividend
Aug 25, 2026
Smart-Core Holdings Limited reported a sharp expansion in interim performance for the six months ended 30 June 2026, with group revenue surging 143.8% year on year to HK$6,818.3 million and gross profit climbing 152.0% to HK$408.9 million. Net pro...
Smart-Core Declares Interim Cash Dividend for First Half of 2026
Aug 25, 2026
Smart-Core Holdings Ltd. has declared an interim ordinary cash dividend of HKD 0.05 per share for the six months ended 30 June 2026, for the financial year ending 31 December 2026. The move underscores the company’s willingness to return cas...
Smart-Core Sets August Board Meeting to Approve Interim Results and Consider Dividend
Aug 12, 2026
Smart-Core Holdings Ltd. has scheduled a board meeting for 25 August 2026 to review and approve the unaudited interim results for the six months ended 30 June 2026, along with their publication. The board will also consider the payment of an inter...
Smart-Core Sees Profit Surge on AI-Driven Chip Demand
Jul 20, 2026
Smart-Core Holdings Limited, listed in Hong Kong, operates in the semiconductor and electronics sector, focusing on IC chip solutions. The group has business units tied to artificial intelligence infrastructure, with product lines in optical commu...
Smart-Core Completes HK$291 Million Share Placing to Fund Semiconductor Inventory Expansion
Jul 13, 2026
Smart-Core Holdings has completed a placing of 97,736,000 new shares at HK$3.00 each to at least six independent investors, representing about 16.67% of its enlarged share capital and raising net proceeds of roughly HK$291.3 million. The company c...
Smart-Core moves to restore public float after share award clarification
Jun 29, 2026
Smart-Core Holdings has clarified the status of shares held under its share award scheme, revealing that the trustee actually holds 36,312,256 shares, of which 26,978,000 remain ungranted and are funded by the group. Because these ungranted shares...
Smart-Core Plans HK$293 Million Share Placement for Tech Expansion
Jun 22, 2026
Smart-Core Holdings Ltd. has entered into a placing agreement with SDIC Securities (Hong Kong) Ltd. to issue up to 97.7 million new shares under its general mandate at HK$3.00 each, representing about 20% of its existing share capital. The placing...
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.