Want to see HK:2536 full AI Analyst Report?
Top Page
Palasino Holdings Limited
(2536)
Select Model
Select Model
Rating:54Neutral
Price Target:
HK$0.70
▼(-68.08% Downside)
Action:Reiterated
Date:09/18/26
The score is driven primarily by mixed fundamentals: strong top-line growth and low leverage are outweighed by thin profitability and materially weaker free cash flow. Technicals add downside risk given a clear downtrend (below major moving averages with negative MACD), while valuation is only moderately supported by the dividend given the high P/E.
Positive Factors
Revenue Growth
Strong annual revenue growth indicates continued demand for the company’s casino, hospitality, and entertainment offerings. If sustained, this expansion can improve venue utilization, support operating scale, and provide a foundation for stronger earnings over the next several quarters.
Negative Factors
Free Cash Flow Decline
The sharp reduction in free cash flow indicates that reported earnings are currently converting into much less discretionary cash. This weakens the company’s ability to fund investment, return capital, or build liquidity internally and raises concerns about cash-flow durability.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Strong annual revenue growth indicates continued demand for the company’s casino, hospitality, and entertainment offerings. If sustained, this expansion can improve venue utilization, support operating scale, and provide a foundation for stronger earnings over the next several quarters.
Read all positive factors
Palasino Holdings Limited (2536) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$552.52M
Dividend Yield3.63%
Average Volume (3M)700.80K
Price to Earnings (P/E)46.8
Beta (1Y)0.28
Revenue GrowthN/A
EPS GrowthN/A
CountryHK
Employees697
SectorConsumer Cyclical
Sector Strength84
IndustryGambling, Resorts & Casinos
Share Statistics
EPS (TTM)0.02
Shares Outstanding806,594,000
10 Day Avg. Volume40,000
30 Day Avg. Volume700,800
Financial Highlights & Ratios
PEG Ratio-11.11
Price to Book (P/B)2.83
Price to Sales (P/S)2.63
P/FCF Ratio529.22
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
Palasino Holdings Limited Business Overview & Revenue Model
Company Description
Palasino Holdings Limited, through its various subsidiaries, operates within the hospitality and gaming sectors across the Czech Republic, Germany, and Austria. The company's activities are structured into two main divisions: Gaming Operations, an...
How the Company Makes Money
The company primarily makes money by generating gaming revenue from its casino operations. This typically includes (i) table games revenue (the net win/loss from games such as baccarat/roulette/blackjack, i.e., the difference between amounts wager...
Palasino Holdings Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
74
Positive
Cash Flow
46
Neutral
| Breakdown | Mar 2025 | Mar 2024 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 611.12M | 568.14M | 564.34M | 529.02M | 351.20M |
| Gross Profit | 370.05M | 201.08M | 196.16M | 203.18M | 76.81M |
| EBITDA | 56.30M | 59.11M | 56.80M | 88.37M | 77.03M |
| Net Income | 13.82M | 15.39M | 8.54M | 44.15M | 40.08M |
Balance Sheet | |||||
| Total Assets | 782.80M | 760.84M | 738.70M | 616.82M | 577.16M |
| Cash, Cash Equivalents and Short-Term Investments | 267.08M | 293.07M | 305.12M | 107.17M | 135.58M |
| Total Debt | 114.40M | 121.56M | 126.45M | 135.06M | 141.61M |
| Total Liabilities | 215.62M | 211.57M | 235.85M | 229.05M | 228.91M |
| Stockholders Equity | 567.18M | 549.27M | 502.85M | 348.99M | 348.25M |
Cash Flow | |||||
| Free Cash Flow | 3.03M | 4.79M | 19.61M | 61.29M | 96.31M |
| Operating Cash Flow | 49.08M | 23.27M | 45.41M | 91.47M | 101.26M |
| Investing Cash Flow | -85.69M | -35.59M | -19.49M | -81.47M | -17.21M |
| Financing Cash Flow | -41.10M | -3.54M | 196.50M | -18.08M | -21.77M |
Palasino Holdings Limited Technical Analysis
Positive
2.19
Price Trends
0.70
Positive
0.89
Negative
1.45
Negative
Market Momentum
>-0.01
Negative
69.32
Neutral
89.22
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2536, the sentiment is Positive. The current price of 2.19 is above the 20-day moving average (MA) of 0.63, above the 50-day MA of 0.70, and above the 200-day MA of 1.45, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 69.32 is Neutral, neither overbought nor oversold. The STOCH value of 89.22 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2536.
Palasino Holdings Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | HK$138.41B | 13.36 | 12.77% | 5.19% | 8.39% | 11.34% | |
64 Neutral | HK$35.95B | 8.07 | 129.87% | 6.23% | 11.01% | 6.83% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | HK$26.27B | 8.82 | -22.18% | 8.87% | 9.38% | 60.07% | |
59 Neutral | HK$89.43B | 13.45 | 65.49% | 8.76% | 8.73% | -3.66% | |
58 Neutral | HK$5.95B | 5.82 | 52.47% | 0.66% | 6.61% | ― | |
54 Neutral | HK$552.52M | 46.78 | 2.42% | 3.63% | ― | ― |
* Consumer Cyclical Sector Average
HK:2536
Palasino Holdings Limited
0.80
-1.41
-63.74%
HK:0200
Melco International
2.68
-1.90
-41.47%
HK:2282
MGM China Holdings
9.68
-3.34
-25.65%
HK:0027
Galaxy Entertainment Group
32.74
-1.09
-3.23%
HK:1928
Sands China
11.42
-5.45
-32.30%
HK:1128
Wynn Macau
5.03
-0.69
-12.07%
Palasino Holdings Limited Corporate Events
Palasino Director Resigns; Audit Committee Composition Adjusted
Sep 17, 2026
Palasino Holdings Limited announced that independent non-executive director Ms. Jie Jiao will resign effective 28 August 2026 so she can devote more time to other work commitments. The board noted that Ms. Jiao has no disagreement with directors a...
Palasino Holdings Tightens Governance With Updated Board and Committee Roles
Sep 17, 2026
Palasino Holdings Limited has updated its board composition effective 28 August 2026, confirming Pavel Maršík as executive director and chief executive officer, alongside non-executive and independent non-executive directors led by chair...
Palasino Wins Shareholder Backing for Dividend, Board Re-Election and Capital Mandates
Aug 27, 2026
Palasino Holdings Limited reported that all resolutions at its annual general meeting on 27 August 2026 were approved by shareholders via poll, with near-unanimous support across the agenda. The meeting endorsed the audited financial statements fo...
Palasino Sets AGM to Approve Dividend, Board Mandates and Share Issuance Authority
Jul 22, 2026
Palasino Holdings Limited has called its annual general meeting for 27 August 2026 in Hong Kong, where shareholders will vote on adopting the audited financial statements for the year ended 31 March 2026 and related directors’ and auditor...
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.