Want to see HK:3389 full AI Analyst Report?
Top Page
Hengdeli Holdings
(3389)
Select Model
Select Model
Rating:65Neutral
Price Target:
HK$0.42
â–²(30.94% Upside)
Action:Reiterated
Date:10/30/26
The score is driven primarily by mixed financial performance: a weak and volatile earnings profile (shrinking revenue and recent losses) is partly offset by a strong, low-leverage balance sheet and improved 2025 cash flow. Technicals add support with a clear uptrend versus key moving averages and neutral-to-positive momentum indicators. Valuation is helped by the very high dividend yield, though the negative P/E reflects current unprofitability.
Positive Factors
Low leverage
Very low leverage reduces financial risk and preserves flexibility for the company to manage weak trading conditions, fund operations, or pursue recovery initiatives without substantial interest or refinancing pressure. A stable equity base further supports resilience through the next several quarters.
Negative Factors
Revenue contraction
A substantial revenue contraction weakens operating leverage and makes it harder for the retail and distribution platform to absorb fixed costs. Continued pressure on sales would limit the benefit of improved gross margins and could prolong the company’s broader earnings recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
Very low leverage reduces financial risk and preserves flexibility for the company to manage weak trading conditions, fund operations, or pursue recovery initiatives without substantial interest or refinancing pressure. A stable equity base further supports resilience through the next several quarters.
Read all positive factors
Hengdeli Holdings (3389) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$387.55M
Dividend Yield302.27%
Average Volume (3M)5.95M
Price to Earnings (P/E)―
Beta (1Y)0.47
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. Volume3,857,314
30 Day Avg. Volume5,949,942
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 | 588.13M | 648.95M | 1.04B | 1.42B | 1.04B | 877.99M |
| Gross Profit | 150.56M | 163.55M | 148.76M | 215.26M | 123.59M | 137.91M |
| EBITDA | -59.47M | -49.46M | -18.63M | 90.27M | -9.38M | 95.08M |
| Net Income | -85.04M | -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
0.34
Positive
0.30
Positive
0.24
Positive
Market Momentum
<0.01
Negative
61.20
Neutral
68.27
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 below the 20-day moving average (MA) of 0.36, below the 50-day MA of 0.34, and above the 200-day MA of 0.24, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 61.20 is Neutral, neither overbought nor oversold. The STOCH value of 68.27 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 |
|---|---|---|---|---|---|---|---|
75 Outperform | HK$1.81B | 3.16 | 9.96% | 8.16% | 8.83% | 109.28% | |
71 Outperform | HK$2.30B | 9.15 | 6.71% | 9.24% | 3.51% | 27.91% | |
70 Neutral | HK$1.55B | 8.62 | 9.99% | 6.18% | -0.78% | -10.18% | |
65 Neutral | HK$387.55M | -3.87 | -2.87% | 302.27% | -21.99% | -138.89% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
53 Neutral | HK$75.22M | -1.58 | -5.18% | 35.85% | 0.91% | 55.64% | |
47 Neutral | HK$576.37M | -4.05 | -3.03% | 3.75% | -4.85% | 60.69% |
* Industrials Sector Average
HK:3389
Hengdeli Holdings
0.09
0.05
137.84%
HK:0256
Citychamp Watch & Jewellery Group
0.11
-0.07
-39.34%
HK:0113
Dickson Concepts (International)
5.95
1.15
23.83%
HK:0887
Emperor Watch & Jewellery
0.25
-0.01
-3.85%
HK:0398
Oriental Watch Holdings
3.19
0.13
4.39%
HK:0084
Stelux Holdings International Limited
0.07
<0.01
2.86%
Hengdeli Holdings Corporate Events
Hengdeli Renews Connected Services Deal with Primetime, Sets RMB16m Cap for 2027
Oct 30, 2026
Hengdeli Holdings has renewed its framework agreement with Primetime Group for the provision of shop design and decoration services, extending the relationship for another year from 1 January 2027 to 31 December 2027 on substantially the same term...
Hengdeli Shareholders Approve HK$0.266 Special Dividend
Oct 28, 2026
At Hengdeli Holdings Limited, a Cayman Islands-incorporated company listed in Hong Kong under stock code 3389, the core business lies in the retail and distribution of watches and luxury-related goods. The group continues to demonstrate attention ...
Hengdeli Calls EGM to Approve HK$0.266 Special Dividend
Oct 6, 2026
Hengdeli Holdings has called an extraordinary general meeting in Hong Kong on 28 October 2026 for shareholders to vote on a proposed special dividend of HK$0.266 per share to be paid out of the company’s share premium account. Shareholders o...
Hengdeli Proposes HK$0.266 Per Share Special Dividend From Share Premium
Sep 28, 2026
Hengdeli Holdings Limited has proposed a special cash dividend of HKD 0.266 per share, to be paid out of its share premium account for the financial year ending 31 December 2026, based on the reporting period ended 30 June 2026. The payout undersc...
Hengdeli Proposes HK$1.17 Billion Special Dividend Subject to Shareholder Approval
Sep 28, 2026
Hengdeli Holdings has proposed a special dividend of HK$0.266 per share, to be paid out of its share premium account in recognition of long-term shareholder support, subject to approval at an extraordinary general meeting. Based on the current sha...
Hengdeli Board to Weigh Conditional Special Dividend at September Meeting
Sep 15, 2026
Hengdeli Holdings Limited has announced that its board of directors will convene a meeting on 28 September 2026 to consider a potential conditional special dividend to be paid out of the company’s share premium account. The proposed distribu...
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.