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Zengame Technology Holding Ltd. (2660) AI Stock Analysis

HK:2660

Zengame Technology Holding Ltd.

(HKEX:2660)

Select Model
Rating:83Outperform
Price Target:HKD 3.00â–²(27.12% Upside)
Action:reiterated
Date:08/06/26

Robust financial health with low leverage and strong cash flows drives the score, supported by positive technical momentum and attractive valuation; recent revenue slowdowns pose moderate risks.

Positive Factors
Very low leverageMinimal debt reduces interest and refinancing risk, giving Zengame financial flexibility to sustain game development, fund live operations, and withstand volatility in title performance.
Negative Factors
Revenue contractionDeclining revenue suggests weaker player spending, title engagement, or monetization momentum. If sustained, this could limit the company’s ability to replace aging games and maintain its operating scale.

Zengame Technology Holding Ltd. (2660) vs. iShares MSCI Hong Kong ETF (EWH)

-5%0%5%10%15%20%25%HK:2660+10.59%EWH+7.37%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
HKD 2.47B
Dividend Yield
16.95%
Average Volume (3M)
262.31K
Price to Earnings (P/E)
6.1
Beta (1Y)
0.36
Revenue Growth
18.51%
EPS Growth
13.18%
Country
Hong Kong
Employees
434
Sector
Communication Services
Sector Strength
60
Industry
Electronic Gaming & Multimedia

Zengame Technology Holding Ltd. Business Overview & Revenue Model

Company Description

Zengame Technology Holding Limited is a company dedicated to the creation and operation of mobile gaming platforms within the People's Republic of China. Their portfolio includes various casual mobile titles, with a particular emphasis on card and bo...

How the Company Makes Money

null

Zengame Technology Holding Ltd. Financial Statement Overview

Summary

Strong balance sheet with low debt and growing equity, solid cash flow generation, but tempered by recent revenue declines and slowing profitability growth.

Income Statement

68Positive

Balance Sheet

92Very Positive

Cash Flow

85Very Positive
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue1.64B1.55B1.66B2.06B1.77B1.47B
Gross Profit847.18M785.50M918.63M1.23B1.14B905.38M
EBITDA428.07M394.37M553.01M897.26M773.65M607.22M
Net Income333.62M347.79M430.68M725.88M680.78M500.34M
Balance Sheet
Total Assets2.74B2.84B2.88B2.64B2.05B1.49B
Cash, Cash Equivalents and Short-Term Investments2.48B2.28B2.22B1.92B1.29B1.15B
Total Debt17.06M18.83M24.49M5.10M21.53M18.47M
Total Liabilities214.89M249.90M316.85M320.52M284.90M262.62M
Stockholders Equity2.52B2.58B2.56B2.32B1.77B1.23B
Cash Flow
Free Cash Flow318.79M226.51M473.36M709.00M726.05M500.28M
Operating Cash Flow329.69M242.40M490.03M720.85M732.35M507.06M
Investing Cash Flow264.89M-100.41M-781.80M-164.37M-246.83M-77.01M
Financing Cash Flow-504.45M-345.43M-232.65M-210.13M-143.85M-68.63M

Zengame Technology Holding Ltd. Technical Analysis

Technical Analysis SentimentNeutral
Last Price2.36

Price Trends

50DMA2.35Positive
100DMA2.31Positive
200DMA2.30Positive

Market Momentum

MACD0.01Positive
RSI48.40Neutral
STOCH49.43Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2660, the sentiment is Neutral. The current price of 2.36 is below the 20-day moving average (MA) of 2.39, above the 50-day MA of 2.35, and above the 200-day MA of 2.30, indicating a neutral trend. The MACD of 0.01 indicates Positive momentum. The RSI at 48.40 is Neutral, neither overbought nor oversold. The STOCH value of 49.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:2660.

Zengame Technology Holding Ltd. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (60)

Financial Indicators

HK:2660 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
HK:2660HK:266083OutperformHKD 2.47B6.0713.07%16.95%18.51%13.18%
HK:0799HK:079980OutperformHKD 3.14B5.3617.09%5.45%-1.22%1.26%
HK:6820HK:682061NeutralHKD 730.58M4.829.81%5.97%0.50%101.22%
Sector *60Neutral$48.67B4.58-11.27%4.14%2.83%-41.78%
HK:0434HK:043453NeutralHKD 1.84B-1.52-45.89%1.42%3.44%-228.78%
HK:1119HK:111946NeutralHKD 686.94M95.660.56%―4.87%―
HK:6899HK:689941NeutralHKD 242.30M-2.39-75.88%―――

* Communication Services Sector Average

Performance Comparison

-60%-40%-20%0%20%HK:2660HK:0799HK:0434HK:1119HK:6899HK:6820Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
HK:2660 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:2660Zengame Technology Holding Ltd.2.360.209.21%
HK:0799Igg (OTC)2.73-0.49-15.09%
HK:0434Boyaa Interactive International 2.58-2.68-51.05%
HK:1119iDreamSky Technology Holdings Limited0.30-0.52-63.25%
HK:6899Ourgame International Holdings Ltd0.23-0.08-26.98%
HK:6820FriendTimes Inc.0.34-0.17-33.93%

Zengame Technology Holding Ltd. Corporate Events

Zengame Tech Sets August Board Meeting to Review Interim Results and Dividend

Aug 13, 2026

Zengame Technology Holding Ltd. is a Cayman Islands–incorporated company listed in Hong Kong, operating through its subsidiaries as a technology group. It is engaged in the wider tech and digital entertainment ecosystem, overseen by a board com...

Zengame Seeks Shareholder Approval for Major Executive Option Grants

Aug 5, 2026

Zengame Technology Holding Ltd. has called an extraordinary general meeting in Shenzhen on 20 August 2026, where shareholders will vote on three ordinary resolutions concerning major share option grants to key executives. The meeting logistics includ...

Zengame Technology Sets August EGM and Closes Share Register

Jul 31, 2026

Zengame Technology Holding Ltd., a Cayman Islands-incorporated technology group listed on the Hong Kong Stock Exchange, is governed by a board that includes executive and independent non-executive directors. The company’s leadership, chaired by...

Zengame Ties 2024 Share Option Grants to Long-Term Profit Targets

Jun 26, 2026

Zengame Technology Holding Ltd. has proposed grants under its 2024 share scheme, issuing a total of 60,000,000 share options and 20, , , , , share awards to senior management and 87 other employees, including executive directors Ye Sheng and Yang Min...

Zengame Shareholders Approve Dividend, Board Mandates at AGM

May 22, 2026

Zengame Technology Holding Ltd. reported that all resolutions at its 22 May 2026 annual general meeting were approved by shareholders, including the adoption of the 2025 audited financial statements and the declaration of a final dividend of HK$0.20...

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.

Date of analysis: Aug 06, 2026