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Hengdeli Holdings
(3389)
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Rating:61Neutral
Price Target:
HK$0.35
â–²(8.75% Upside)
Action:Reiterated
Date:08/26/26
The score is primarily driven by supportive technical trend strength (price above key moving averages with neutral-to-positive momentum) and a conservative, low-leverage balance sheet. Offsetting these positives are weak financial performance (revenue contraction and continued losses) and an unattractive earnings-based valuation signal (negative P/E).
Positive Factors
Conservative balance sheet
Very low leverage limits interest and refinancing risk, preserving financial flexibility during weak retail conditions. The sizable, stable equity base also gives Hengdeli capacity to fund operations or adjust its store and service network without relying heavily on debt.
Negative Factors
Meaningful revenue contraction
A sharp recent decline in revenue signals weaker demand, reduced distribution activity or continued pressure on the retail network. Sustained contraction would impair operating leverage and make it harder for the company to absorb fixed store, staffing and service costs.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low leverage limits interest and refinancing risk, preserving financial flexibility during weak retail conditions. The sizable, stable equity base also gives Hengdeli capacity to fund operations or adjust its store and service network without relying heavily on debt.
Read all positive factors
Hengdeli Holdings (3389) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.54B
Dividend Yield12.82%
Average Volume (3M)4.55M
Price to Earnings (P/E)―
Beta (1Y)0.35
Revenue Growth-21.99%
EPS Growth-138.89%
CountryHK
Employees1,332
SectorIndustrials
Sector Strength72
IndustryConglomerates
Share Statistics
EPS (TTM)-0.02
Shares Outstanding4,404,019,000
10 Day Avg. Volume5,852,130
30 Day Avg. Volume4,549,811
Financial Highlights & Ratios
PEG Ratio0.35
Price to Book (P/B)0.18
Price to Sales (P/S)0.85
P/FCF Ratio4.98
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
Hengdeli Holdings Business Overview & Revenue Model
Company Description
Hengdeli Holdings Limited, alongside its associated companies, primarily operates in the retail and wholesale markets for watches and fine jewelry. The group also undertakes the design, production, and fitting out of commercial spaces. Additionall...
How the Company Makes Money
Hengdeli Holdings makes money primarily through (1) retail and distribution sales of watches and related products, where revenue is recognized from selling branded/luxury watches to end customers via its retail channels, and (2) watch-related serv...
Hengdeli Holdings Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
78
Positive
Cash Flow
63
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 584.63M | 648.95M | 1.04B | 1.42B | 1.04B | 877.99M |
| Gross Profit | 149.85M | 163.55M | 148.76M | 215.26M | 123.59M | 137.91M |
| EBITDA | -66.03M | -59.06M | -43.44M | 90.27M | -22.05M | 95.08M |
| Net Income | -84.60M | -26.90M | -65.16M | 33.88M | -80.02M | 26.28M |
Balance Sheet | ||||||
| Total Assets | 3.17B | 3.35B | 3.53B | 3.60B | 3.53B | 3.53B |
| Cash, Cash Equivalents and Short-Term Investments | 1.29B | 1.33B | 1.28B | 1.32B | 1.33B | 946.40M |
| Total Debt | 89.29M | 66.44M | 82.86M | 123.76M | 99.06M | 97.73M |
| Total Liabilities | 213.08M | 243.26M | 254.64M | 353.52M | 305.96M | 258.93M |
| Stockholders Equity | 2.89B | 3.03B | 3.21B | 3.19B | 3.16B | 3.20B |
Cash Flow | ||||||
| Free Cash Flow | 47.39M | 110.50M | -125.73M | -132.62M | 177.63M | -156.52M |
| Operating Cash Flow | 65.41M | 127.72M | -85.70M | 83.29M | 237.39M | -77.63M |
| Investing Cash Flow | 14.12M | 262.67M | 21.75M | -164.12M | 68.59M | -227.05M |
| Financing Cash Flow | 23.37M | -21.96M | -44.79M | -3.41M | -24.46M | -17.58M |
Hengdeli Holdings Technical Analysis
Positive
0.32
Price Trends
0.28
Positive
0.25
Positive
0.20
Positive
Market Momentum
0.03
Negative
57.89
Neutral
67.12
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3389, the sentiment is Positive. The current price of 0.32 is above the 20-day moving average (MA) of 0.30, above the 50-day MA of 0.28, and above the 200-day MA of 0.20, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 57.89 is Neutral, neither overbought nor oversold. The STOCH value of 67.12 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:3389.
Hengdeli Holdings Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | HK$2.14B | 3.72 | 9.96% | 6.92% | 8.83% | 109.28% | |
77 Outperform | HK$1.64B | 9.11 | 9.99% | 6.14% | -0.78% | -10.18% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | HK$2.32B | 9.23 | 6.71% | 9.17% | 3.51% | 27.91% | |
61 Neutral | HK$1.54B | -15.58 | -2.86% | 12.82% | -21.99% | -138.89% | |
54 Neutral | HK$71.04M | -1.49 | -5.18% | 35.85% | 0.91% | 55.64% | |
47 Neutral | HK$508.87M | -3.58 | -3.03% | 3.75% | -4.85% | 60.69% |
* Industrials Sector Average
HK:3389
Hengdeli Holdings
0.35
0.22
173.44%
HK:0256
Citychamp Watch & Jewellery Group
0.10
-0.16
-61.57%
HK:0113
Dickson Concepts (International)
6.00
1.27
26.80%
HK:0887
Emperor Watch & Jewellery
0.30
0.02
9.26%
HK:0398
Oriental Watch Holdings
3.37
0.20
6.21%
HK:0084
Stelux Holdings International Limited
0.07
>-0.01
-2.86%
Hengdeli Holdings Corporate Events
Hengdeli Swings to Interim Loss as Revenue Drops Nearly 20%
Aug 20, 2026
Hengdeli Holdings Limited, incorporated in the Cayman Islands and listed on the Hong Kong Stock Exchange, operates as a branded products distributor and retailer primarily serving the Greater China market. The group reports in Renminbi under Hong ...
Hengdeli warns of interim loss as sales and investment income weaken
Aug 7, 2026
Hengdeli Holdings has issued a profit warning, telling investors it expects to swing to a loss of at least RMB31 million for the six months ended 30 June 2026, compared with a profit of about RMB26.3 million a year earlier. The deterioration is at...
Hengdeli Sets August Board Meeting to Approve Interim Results and Consider Dividend
Aug 4, 2026
Hengdeli Holdings has scheduled a board meeting for 20 August 2026 in Hong Kong to review and approve the interim results for the six months ended 30 June 2026, covering the company and its subsidiaries. The board will also consider the payment of...
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.