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Solis Holdings Ltd.
(2227)
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Rating:66Neutral
Price Target:
HK$0.36
â–²(122.50% Upside)
Action:Reiterated
Date:08/07/26
The score is driven by attractive valuation (low P/E) and a solid balance sheet with low leverage. Offsetting these positives are volatile operating results and inconsistent cash flow, with the 2025 earnings spike appearing less supported by underlying operating profitability. Technical indicators are broadly neutral to mildly constructive, adding modest support.
Positive Factors
Conservative balance sheet
Low leverage gives Solis Holdings greater financial resilience and flexibility across the next several quarters. A conservative capital structure can reduce financing pressure, preserve borrowing capacity, and allow management to fund necessary investment without relying excessively on external capital.
Negative Factors
Revenue contraction and volatility
The sharp 2025 revenue decline after two years of growth points to an unstable top-line trajectory rather than dependable expansion. Continued volatility can make staffing, project planning, and investment decisions harder, while reducing confidence in the company’s medium-term growth outlook.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Low leverage gives Solis Holdings greater financial resilience and flexibility across the next several quarters. A conservative capital structure can reduce financing pressure, preserve borrowing capacity, and allow management to fund necessary investment without relying excessively on external capital.
Read all positive factors
Solis Holdings Ltd. (2227) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$311.30M
Dividend YieldN/A
Average Volume (3M)187.13K
Price to Earnings (P/E)2.4
Beta (1Y)0.04
Revenue Growth-14.57%
EPS Growth619.05%
CountryHK
Employees273
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.02
Shares Outstanding915,600,000
10 Day Avg. Volume52,600
30 Day Avg. Volume187,133
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.31
Price to Sales (P/S)1.21
P/FCF Ratio7.03
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
Solis Holdings Ltd. Business Overview & Revenue Model
Company Description
Solis Holdings Limited operates as an investment holding enterprise while primarily serving as a design-and-build mechanical and electrical (M&E) engineering contractor within Singapore. The company's work involves installing a range of electrical...
Solis Holdings Ltd. Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
74
Positive
Cash Flow
49
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 18.98M | 18.22M | 19.93M | 18.81M | 13.69M | 14.64M |
| Gross Profit | 5.70M | 3.47M | 1.91M | 3.05M | 2.09M | 3.03M |
| EBITDA | -1.81M | -4.74M | 2.11M | 1.74M | -164.00K | -3.58M |
| Net Income | 20.54M | 11.77M | 811.00K | -6.00K | -911.00K | -4.00M |
Balance Sheet | ||||||
| Total Assets | 116.16M | 106.28M | 73.20M | 70.10M | 69.42M | 56.50M |
| Cash, Cash Equivalents and Short-Term Investments | 32.83M | 33.14M | 4.98M | 13.81M | 24.19M | 14.20M |
| Total Debt | 5.31M | 5.29M | 5.39M | 5.68M | 6.14M | 0.00 |
| Total Liabilities | 32.40M | 34.56M | 21.68M | 20.93M | 21.12M | 7.65M |
| Stockholders Equity | 83.76M | 71.72M | 51.53M | 49.17M | 48.30M | 48.86M |
Cash Flow | ||||||
| Free Cash Flow | 5.90M | 3.14M | -4.37M | -6.89M | -10.43M | -2.25M |
| Operating Cash Flow | 9.62M | 7.50M | -2.40M | 3.01M | -221.00K | -1.63M |
| Investing Cash Flow | -19.37M | -3.51M | -6.28M | -10.58M | -1.38M | -994.00K |
| Financing Cash Flow | -320.98K | -299.67K | -539.00K | -711.00K | 5.34M | 0.00 |
Solis Holdings Ltd. Technical Analysis
Negative
0.16
Price Trends
0.34
Negative
0.32
Positive
0.27
Positive
Market Momentum
>-0.01
Positive
36.11
Neutral
3.17
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2227, the sentiment is Negative. The current price of 0.16 is below the 20-day moving average (MA) of 0.36, below the 50-day MA of 0.34, and below the 200-day MA of 0.27, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 36.11 is Neutral, neither overbought nor oversold. The STOCH value of 3.17 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2227.
Solis Holdings Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | HK$311.30M | 2.40 | 26.42% | ― | -14.57% | 619.05% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
56 Neutral | HK$300.00M | 20.91 | 1.82% | 5.50% | 28.02% | -68.80% | |
44 Neutral | HK$212.00M | 9.01 | 6.28% | 3.77% | -5.52% | -3.29% | |
43 Neutral | HK$289.73M | -0.33 | -31.01% | 7.32% | -22.33% | -203.23% | |
38 Underperform | HK$243.12M | -1.10 | -15.28% | 5.18% | 13.50% | -106.11% |
* Industrials Sector Average
HK:2227
Solis Holdings Ltd.
0.33
0.21
179.66%
HK:0896
Hanison Construction Holdings
0.28
0.02
5.77%
HK:0406
Yau Lee Holdings Limited
0.51
-0.18
-25.74%
HK:1447
SFK Construction Holdings Ltd.
0.53
0.07
14.72%
HK:1582
CR Construction Group Holdings Limited
0.55
0.19
52.78%
HK:1615
AB Builders Group Limited
0.46
0.21
85.48%
Solis Holdings Ltd. Corporate Events
Solis Holdings Delays Circular on Major Construction Contract
Sep 23, 2026
Solis Holdings Ltd. has announced a delay in sending a shareholder circular relating to a previously disclosed major construction contract transaction. The circular, originally expected by 23 September 2026, is now scheduled for despatch on or bef...
Solis Holdings Delays Circular on Major Construction Contract
Sep 10, 2026
Solis Holdings Limited, incorporated in the Cayman Islands and listed on the Stock Exchange of Hong Kong, operates in the construction sector and undertakes major contracts that constitute significant transactions under Hong Kong listing rules. Th...
Solis Holdings Delivers Profit Surge but Holds Interim Dividend at Zero
Aug 28, 2026
Solis Holdings Ltd. reported a 5.9% year-on-year increase in revenue to S$9.0 million for the six months ended 30 June 2026, while gross profit surged to S$2.2 million from a low base of S$0.1 million as cost of services fell sharply. Profit for t...
Solis Holdings Delays Circular on Major Construction Contract
Aug 26, 2026
Solis Holdings Ltd. has postponed the despatch of a shareholder circular related to a major construction contract that constitutes a significant transaction under Hong Kong listing rules. The circular, originally due by 26 August 2026, is now expe...
Solis Holdings Sets Board Meeting to Approve Interim Results and Consider Dividend
Aug 17, 2026
Solis Holdings Limited has scheduled a board meeting for 28 August 2026 to review and approve the company’s unaudited consolidated interim results for the six months ended 30 June 2026. The board will also consider the declaration of an inte...
Solis Holdings Offloads Seatrium Bond in Discloseable Transaction
Aug 12, 2026
Solis Holdings Ltd. has disposed of a Singapore dollar-denominated bond issued by Seatrium Financial Services Pte. Ltd. on the open market for S$253,017, realizing an unaudited gain of S$2,600. This latest sale follows two similar disposals in May...
Solis Holdings Delays Circular on Major Construction Transaction
Aug 12, 2026
Solis Holdings Ltd. has announced a delay in sending a shareholder circular related to a previously disclosed construction contract that qualifies as a major transaction under Hong Kong listing rules. The circular, originally expected by 12 August...
Solis Holdings Delays Circular on Major Construction Contract
Jul 29, 2026
Solis Holdings Limited has notified shareholders of a delay in sending out its circular regarding a major construction contract entered into earlier in July 2026. The circular, which will set out further details of the contract and related transac...
Solis Holdings Sells Corporate Bentley to Streamline Asset Base
Jul 8, 2026
Solis Holdings has disposed of a Bentley Continental GT V8 previously used for corporate purposes, selling the vehicle for S$698,000 after arm’s length negotiations that referenced prevailing market values for similar cars. The board stated ...
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.