ISP Holdings Limited (2340) AI Stock Analysis

• Market Cap: HK$109.61M
• Dividend Yield: N/A
• Average Volume (3M): 353.59K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.51
• Revenue Growth: -2.33%
• EPS Growth: -149.41%
• Country: HK
• Employees: 316
• Sector: Technology
• Sector Strength: 88
• Industry: Real Estate - Services
• EPS (TTM): -0.04
• Shares Outstanding: 637,275,000
• 10 Day Avg. Volume: 924,149
• 30 Day Avg. Volume: 353,586
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 50 Neutral
• Price Target: HK$0.00 ▼(-100.00% Downside)

The overall stock score of 50 reflects significant financial challenges, including declining revenues and negative cash flows, which are the most impactful factors. Technical analysis provides some positive signals, but valuation concerns due to a negative P/E ratio and lack of dividend yield weigh on the score.

ISP Holdings Limited Business Overview & Revenue Model

Company Description

ISP Holdings Limited, an investment holding company, engages in property and facility management, interiors and special projects, and ancillary businesses in the People's Republic of China. The company provides property and facility management services to government, corporate clients, public institutions, and private clients. It manages a portfolio of approximately 93,000 residential units of residential, commercial, and industrial facilities. The company also provides asset management services, such as feasibility study, due diligence, market positioning, design consultancy, marketing and promotion, financial analysis, leasing, tenancy management, and operation management services. In addition, it offers alteration and addition, fitting-out, conservation, renovation, demolition, and construction works; curtain walling, cladding, and related products; and security guarding, and security systems, as well as technical support services. Further, the provides project management; laundry and cleaning; procurement, supply chain, and trading; repair and maintenance services for equipment; indoor cleaning services; and property agency services, as well as property management consultancy. The company was formerly known as Synergis Holdings Limited and changed its name to ISP Holdings Limited in January 2022. The company was founded in 1978 and is based in Kwun Tong, Hong Kong. ISP Holdings Limited is a subsidiary of Champ Key Holdings Limited.

How the Company Makes Money

ISP Holdings Limited generates revenue through multiple streams. The primary source of income is its financial technology solutions, which include providing software and technology platforms to financial institutions, thereby earning fees and subscription revenues. Additionally, the company derives income from its investment management division, which involves managing a diversified portfolio of financial assets, earning returns through dividends, interest, and capital gains. Another significant revenue stream comes from its property development sector, where it engages in the development and sale of real estate properties. Key partnerships with financial institutions and technology companies also play a role in enhancing its service offerings and expanding its market reach, contributing to its overall earnings.

ISP Holdings Limited Financial Statement Overview

Summary

ISP Holdings Limited is facing significant financial challenges, with declining revenues, persistent losses, and negative cash flows. While the company maintains a low debt-to-equity ratio, indicating limited leverage, the overall financial health is concerning due to operational inefficiencies and cash flow issues.

Income Statement

ISP Holdings Limited has experienced a significant decline in revenue over the past few years, with a sharp drop from 2019 to 2024. The gross profit margin has also decreased, indicating reduced profitability. The company has been operating at a net loss for several years, with negative EBIT and EBITDA margins, highlighting operational inefficiencies and challenges in maintaining profitability.

Balance Sheet

The balance sheet shows a relatively stable equity position, with stockholders' equity remaining positive. The debt-to-equity ratio is low, suggesting limited leverage, which is a positive aspect. However, the declining total assets and equity over the years indicate potential challenges in asset management and growth.

Cash Flow

The cash flow statement reveals consistent negative operating cash flow, indicating challenges in generating cash from operations. The free cash flow has also been negative, reflecting ongoing cash outflows exceeding inflows. This trend raises concerns about the company's ability to sustain operations without external financing.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	105.49M	154.72M	224.92M	430.65M	1.13B
Gross Profit	9.30M	13.10M	22.66M	17.50M	50.14M
EBITDA	-31.31M	-12.72M	1.57M	-6.87M	-75.77M
Net Income	-33.54M	-15.24M	-1.70M	-15.45M	14.21M
Balance Sheet
Total Assets	297.56M	348.60M	424.31M	521.96M	628.20M
Cash, Cash Equivalents and Short-Term Investments	47.61M	94.64M	182.08M	82.66M	205.08M
Total Debt	1.05M	1.50M	1.11M	2.75M	114.94M
Total Liabilities	147.25M	164.17M	224.12M	356.99M	482.72M
Stockholders Equity	150.31M	184.43M	200.20M	164.98M	145.48M
Cash Flow
Free Cash Flow	-43.11M	-24.52M	-16.44M	-7.90M	163.34M
Operating Cash Flow	-42.49M	-24.43M	-16.25M	-6.70M	166.85M
Investing Cash Flow	-1.67M	-58.07M	481.16M	8.32M	-2.49M
Financing Cash Flow	-1.90M	-2.16M	-401.27M	-115.35M	-77.87M

ISP Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.17
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2340, the sentiment is Positive. The current price of 0.17 is above the 20-day moving average (MA) of 0.16, above the 50-day MA of 0.16, and above the 200-day MA of 0.16, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 53.60 is Neutral, neither overbought nor oversold. The STOCH value of 48.73 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2340.

ISP Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2146	67 Neutral	127.84M	4.21	0.00%	―	1.24%	-6.26%
6958	51 Neutral	144.21M	-0.58	-28.03%	―	-0.04%	-104.98%
2340	50 Neutral	HK$109.61M	―	-29.30%	―	-2.33%	-149.41%
0183	45 Neutral	99.78M	-0.56	0.00%	―	11.40%	-9.26%
0499	44 Neutral	117.83M	-3.68	-5.40%	―	-6.81%	-23.46%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

ISP Holdings Limited Corporate Events

ISP Holdings Limited Reports Increased Revenue Amid Rising Costs and Losses

ISP Holdings Limited reported a 30.9% increase in revenue to HK$62.2 million for the first half of 2025, despite facing intensified market competition and increased operating expenses due to arbitration and litigation costs. The company recorded a significant loss of HK$22.6 million, attributed to heightened credit risk and substantial bad debt provisions, reflecting the challenging business environment in Hong Kong.

ISP Holdings Limited Schedules Board Meeting to Approve Interim Results

ISP Holdings Limited has announced that its board of directors will meet on August 22, 2025, to approve the unaudited interim results for the first half of the year ending June 30, 2025, and to consider the payment of an interim dividend. This meeting is significant as it will provide insights into the company’s financial performance and potential shareholder returns, impacting its market positioning and stakeholder interests.

ISP Holdings Limited Issues Profit Warning Amid Increased Revenue

ISP Holdings Limited has issued a profit warning for the six months ending June 30, 2025, despite a 30% to 35% increase in revenue compared to the previous year. The company anticipates a significant loss attributable to equity holders, ranging from HK$21.0 million to HK$26.0 million, due to increased credit risk in the construction industry, substantial costs from litigation and arbitration cases, and provisions for bad debts and expected credit losses. However, these losses were partially offset by interest income from restricted cash and fair value gains on financial assets.

ISP Holdings Limited Announces Disposal of Listed Securities

ISP Holdings Limited has announced the disposal of listed securities on the open market, resulting in a cumulative aggregate consideration of approximately HK$17,900,000. This series of disposals, conducted between October 2024 and July 2025, constitutes a discloseable transaction under the Hong Kong Listing Rules, as the applicable percentage ratios exceed 5% but are less than 25%. The company has stated that the purchasers of these securities are independent third parties.

ISP Holdings Limited Enhances Governance with New Nomination Committee

ISP Holdings Limited has established a nomination committee to enhance its governance structure. The committee’s primary role is to formulate nomination policies and identify suitable candidates for board positions, focusing on diversity and alignment with the company’s corporate strategy. This move is expected to strengthen the company’s board composition and improve its strategic oversight, benefiting stakeholders by ensuring a diverse and skilled leadership team.

ISP Holdings Appoints New Member to Nomination Committee

ISP Holdings Limited has announced the appointment of Ms. Leung Yuet Ngor, an Executive Director and Senior Contract Service Officer, to its nomination committee, effective June 30, 2025. This appointment aligns with upcoming changes to the Corporate Governance Code, which will be effective from July 1, 2025, potentially enhancing the company’s governance structure and compliance with regulatory standards.

ISP Holdings Limited Announces Board Composition and Roles

ISP Holdings Limited has announced the composition of its board of directors and the roles each member will play within the company’s four board committees. The board includes executive, non-executive, and independent non-executive directors, with Mr. Kingston Chu Chun Ho serving as Chairman. This announcement provides clarity on the governance structure of ISP Holdings Limited, which could impact the company’s strategic decision-making and operational oversight.