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ISP Holdings Limited
(2340)
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Rating:48Neutral
Price Target:
HK$0.20
â–²(17.65% Upside)
Action:Reiterated
Date:10/29/26
The score is held down primarily by weak financial performance—persistent losses and multi-year negative operating/free cash flow—despite a low-leverage balance sheet. Technicals are supportive with the price above key moving averages, but the overbought RSI tempers that strength. Valuation is constrained by negative earnings (negative P/E) and no dividend yield data.
Positive Factors
Low Leverage
Very low leverage gives ISP Holdings greater financial flexibility than a highly indebted business and limits interest-related pressure on cash flow. This provides some capacity to manage volatility or pursue operating improvements, despite the company’s weak profitability.
Negative Factors
Persistent Operating Losses
Repeated operating losses and a deeply negative 2025 net margin show that the core business has not yet demonstrated durable profitability. Without a sustained margin recovery, revenue growth may continue to translate poorly into earnings and shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
Very low leverage gives ISP Holdings greater financial flexibility than a highly indebted business and limits interest-related pressure on cash flow. This provides some capacity to manage volatility or pursue operating improvements, despite the company’s weak profitability.
Read all positive factors
ISP Holdings Limited (2340) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$141.47M
Dividend Yield64.65%
Average Volume (3M)2.64M
Price to Earnings (P/E)―
Beta (1Y)0.11
Revenue Growth52.35%
EPS Growth13.52%
CountryHK
Employees194
SectorIndustrials
Sector Strength72
IndustrySpecialty Business Services
Share Statistics
EPS (TTM)-0.07
Shares Outstanding764,723,000
10 Day Avg. Volume7,904,690
30 Day Avg. Volume2,643,468
Financial Highlights & Ratios
PEG Ratio-0.09
Price to Book (P/B)0.80
Price to Sales (P/S)0.67
P/FCF Ratio-2.24
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
ISP Holdings Limited Business Overview & Revenue Model
Company Description
ISP Holdings Limited, an investment holding company, engages in property and facility management, and interior and special project businesses in the People’s Republic of China, Hong Kong, and Macau. The company provides asset management services, ...
ISP Holdings Limited Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
66
Positive
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 183.11M | 153.48M | 105.49M | 154.72M | 224.92M | 430.65M |
| Gross Profit | 18.82M | 20.63M | 9.30M | 13.10M | 22.66M | 17.50M |
| EBITDA | -53.58M | -57.57M | -31.31M | -12.72M | 1.57M | -6.87M |
| Net Income | -53.01M | -48.96M | -33.54M | -15.24M | 436.74M | 19.61M |
Balance Sheet | ||||||
| Total Assets | 246.89M | 271.99M | 297.56M | 348.60M | 424.31M | 521.96M |
| Cash, Cash Equivalents and Short-Term Investments | 110.82M | 113.57M | 47.61M | 94.64M | 201.60M | 82.66M |
| Total Debt | 1.29M | 1.16M | 1.05M | 1.50M | 1.11M | 2.75M |
| Total Liabilities | 143.54M | 143.07M | 147.25M | 164.17M | 224.12M | 356.99M |
| Stockholders Equity | 103.35M | 128.92M | 150.31M | 184.43M | 200.20M | 164.98M |
Cash Flow | ||||||
| Free Cash Flow | -26.92M | -46.20M | -43.11M | -24.52M | -16.44M | -7.90M |
| Operating Cash Flow | -26.85M | -46.19M | -42.49M | -24.43M | -16.25M | -6.70M |
| Investing Cash Flow | 29.51M | 16.31M | -1.67M | -58.07M | 481.16M | 8.32M |
| Financing Cash Flow | 15.26M | 25.07M | -1.90M | -2.16M | -401.27M | -115.35M |
ISP Holdings Limited Technical Analysis
Positive
0.17
Price Trends
0.15
Positive
0.15
Positive
0.16
Positive
Market Momentum
<0.01
Negative
66.07
Neutral
66.69
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 0.15, above the 50-day MA of 0.15, and above the 200-day MA of 0.16, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 66.07 is Neutral, neither overbought nor oversold. The STOCH value of 66.69 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
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | HK$104.19M | 5.15 | 7.87% | 10.28% | 8.16% | 1.52% | |
70 Outperform | HK$171.98M | 1.50 | 15.16% | 13.17% | 4.17% | 10.89% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
48 Neutral | HK$141.47M | -2.54 | -45.64% | 64.65% | 52.35% | 13.52% | |
48 Neutral | HK$145.25M | -2.15 | -6.74% | 1.45% | -7.66% | -3032.69% | |
47 Neutral | HK$218.47M | 51.10 | 30.35% | 114.57% | 0.04% | -95.28% | |
40 Underperform | HK$71.59M | -0.22 | -46.93% | 1.63% | -2.96% | -23.22% |
* Industrials Sector Average
HK:2340
ISP Holdings Limited
0.18
>-0.01
-4.81%
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Jiayuan Services Holdings Limited
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Xinyuan Property Management Service (Cayman) Ltd.
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Redsun Services Group Ltd
0.35
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Suxin Joyful Life Services Co., Ltd. Class H
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0.07
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-42.74%
ISP Holdings Limited Corporate Events
ISP Holdings Restores Board Gender Diversity After Hong Kong Listing Waiver
Oct 12, 2026
ISP Holdings Limited has moved to strengthen its corporate governance framework and comply with Hong Kong listing requirements on board gender diversity. Following the resignation of its sole female executive director in June 2026, the companyR...
ISP Holdings names seasoned strategist Hang Qingli as independent non-executive director
Oct 5, 2026
ISP Holdings Limited has strengthened its board governance by appointing 52-year-old Hang Qingli as an independent non-executive director and member of its nomination committee, effective 5 October 2026. Hang brings a background in applied mathema...
ISP Holdings Sets Out Board Roles and Governance Structure
Oct 5, 2026
ISP Holdings Limited, incorporated in Bermuda and listed in Hong Kong under stock code 02340, operates with a board structure that includes executive, non-executive and independent non-executive directors. The company utilises a range of board com...
ISP Holdings Flags Ongoing Non-Compliance With Hong Kong Board Diversity Rules
Aug 31, 2026
ISP Holdings Limited has disclosed that its current all-male board does not meet Hong Kong Listing Rule 13.92(2) and the Corporate Governance Code provision B.3.5, which require gender diversity on the board and at least one director of a differen...
ISP Holdings Boosts Revenue but Legal Costs and Margin Pressure Deepen Interim Loss
Aug 24, 2026
ISP Holdings Limited reported a sharp 47.7% rise in interim revenue to HK$91.9 million for the six months ended 30 June 2026, but its profitability deteriorated as gross profit fell 19.8% and gross margin dropped to 8.4% amid intensified competiti...
ISP Holdings flags wider interim loss despite strong revenue growth
Aug 14, 2026
ISP Holdings Limited has warned investors that, despite an estimated 45% to 50% increase in revenue for the six months ended 30 June 2026, it expects to post a larger loss of HK$24 million to HK$28 million, compared with a loss of HK$22.6 million ...
ISP Holdings Sets Board Meeting to Approve Interim Results and Consider Dividend
Aug 12, 2026
ISP Holdings Limited has scheduled a board meeting for 24 August 2026 to review and approve its unaudited interim results for the six months ended 30 June 2026. At the same meeting, the board will also consider the declaration of an interim divide...
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.