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Casablanca Group Ltd.
(2223)
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Rating:48Neutral
Price Target:
HK$0.48
▲(29.73% Upside)
Action:Reiterated
Date:07/18/26
The score is held back primarily by deteriorating operating performance (multi-year revenue decline and sustained net losses) and very weak technicals (price below all major moving averages with bearish momentum). A strong, low-debt balance sheet and still-positive free cash flow provide some downside resilience but are not enough to offset the earnings and trend concerns.
Positive Factors
Conservative balance sheet
Low leverage and a large equity base provide financial resilience during the current earnings downturn. This capital structure can reduce solvency pressure, preserve strategic flexibility, and give Casablanca more capacity to absorb losses or support a recovery.
Negative Factors
Multi-year revenue decline
Four consecutive years of declining revenue point to sustained pressure on demand, market position, or business scale rather than a single-period setback. Continued contraction reduces operating leverage, limits reinvestment capacity, and makes a durable earnings recovery more difficult.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Low leverage and a large equity base provide financial resilience during the current earnings downturn. This capital structure can reduce solvency pressure, preserve strategic flexibility, and give Casablanca more capacity to absorb losses or support a recovery.
Read all positive factors
Casablanca Group Ltd. (2223) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$127.79M
Dividend Yield23.08%
Average Volume (3M)27.07K
Price to Earnings (P/E)―
Beta (1Y)>-0.01
Revenue Growth-3.14%
EPS Growth40.35%
CountryHK
Employees473
SectorConsumer Cyclical
Sector Strength84
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)-0.03
Shares Outstanding258,152,000
10 Day Avg. Volume23,400
30 Day Avg. Volume27,066
Financial Highlights & Ratios
PEG Ratio-0.64
Price to Book (P/B)0.53
Price to Sales (P/S)0.82
P/FCF Ratio15.64
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
Casablanca Group Ltd. Business Overview & Revenue Model
Company Description
Casablanca Group Limited operates as an investment holding entity, primarily focusing on the design, manufacturing, and extensive retail distribution of bedding products. Its market presence spans Hong Kong, Macau, mainland China, and other intern...
Casablanca Group Ltd. Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
74
Positive
Cash Flow
66
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 235.47M | 236.31M | 247.06M | 284.10M | 300.16M | 320.40M |
| Gross Profit | 159.55M | 158.50M | 164.44M | 192.15M | 186.78M | 196.37M |
| EBITDA | 13.82M | 12.98M | 17.30M | 18.80M | 34.99M | 43.41M |
| Net Income | -7.89M | -12.23M | -9.79M | -4.64M | 5.38M | 11.94M |
Balance Sheet | ||||||
| Total Assets | 435.84M | 433.15M | 448.37M | 466.27M | 484.84M | 522.26M |
| Cash, Cash Equivalents and Short-Term Investments | 143.24M | 138.44M | 131.12M | 129.53M | 146.89M | 142.47M |
| Total Debt | 47.93M | 39.50M | 27.45M | 17.24M | 23.53M | 24.68M |
| Total Liabilities | 74.69M | 71.15M | 83.66M | 85.52M | 89.07M | 117.54M |
| Stockholders Equity | 362.56M | 362.96M | 367.43M | 383.92M | 394.01M | 404.72M |
Cash Flow | ||||||
| Free Cash Flow | 17.52M | 12.36M | 9.32M | 7.75M | 11.56M | -495.00K |
| Operating Cash Flow | 19.96M | 15.44M | 18.13M | 22.22M | 45.14M | 39.68M |
| Investing Cash Flow | 336.00K | 907.00K | 488.00K | -15.64M | -28.41M | -40.11M |
| Financing Cash Flow | -13.02M | -18.02M | -12.35M | -21.98M | -12.50M | -53.58M |
Casablanca Group Ltd. Technical Analysis
Negative
0.37
Price Trends
0.52
Negative
0.68
Negative
0.76
Negative
Market Momentum
-0.01
Positive
35.18
Neutral
70.37
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2223, the sentiment is Negative. The current price of 0.37 is below the 20-day moving average (MA) of 0.50, below the 50-day MA of 0.52, and below the 200-day MA of 0.76, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 35.18 is Neutral, neither overbought nor oversold. The STOCH value of 70.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2223.
Casablanca Group Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | HK$1.68B | 5.46 | 11.98% | 16.78% | 6.23% | -12.18% | |
64 Neutral | HK$2.99B | 10.37 | 9.33% | 6.71% | -1.56% | 53.99% | |
62 Neutral | HK$535.19M | 3.66 | 5.83% | 6.58% | -1.84% | 29.22% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
58 Neutral | HK$315.40M | 3.74 | 6.65% | 8.23% | 0.41% | ― | |
48 Neutral | HK$127.79M | -15.90 | -2.17% | 23.08% | -3.14% | 40.35% | |
48 Neutral | HK$862.48M | 19.50 | 2.55% | 1.97% | 5.77% | 22.13% |
* Consumer Cyclical Sector Average
HK:2223
Casablanca Group Ltd.
0.49
0.08
21.25%
HK:0311
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0.31
0.10
49.51%
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Nameson Holdings Ltd.
0.75
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-6.88%
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Cabbeen Fashion Limited
1.18
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-21.30%
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2.39
0.43
21.87%
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Cosmo Lady (China) Holdings Co. Ltd.
0.24
-0.06
-19.27%
Casablanca Group Ltd. Corporate Events
Casablanca Group Narrows Interim Loss on Stronger Margins and Solid Cash Position
Aug 21, 2026
Casablanca Group Ltd. reported interim results for the six months to 30 June 2026 showing broadly flat revenue at HK$108.1 million, but a higher gross profit of HK$73.7 million and an improved gross margin of 68.2%. The loss attributable to shareh...
Casablanca Group Sets August Board Meeting to Review Interim Results and Dividend
Aug 5, 2026
Casablanca Group Ltd. has announced that its board of directors will convene on 21 August 2026 to review and approve the unaudited interim results for the six months ended 30 June 2026. The meeting will also consider the possible recommendation of...
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.