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Legend Holdings Corporation Class H
(3396)
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Rating:59Neutral
Price Target:
HK$20.00
▲(123.21% Upside)
Action:Reiterated
Date:09/06/26
The score is held back primarily by financial performance risks—high leverage and a sharp deterioration to negative operating and free cash flow in 2025, alongside historically volatile profitability. Offsetting this, technicals are strong with price trending above major moving averages and positive momentum, and valuation is reasonable with a mid-range P/E, though the low dividend yield offers limited support.
Positive Factors
Diversified portfolio
Exposure across multiple sectors and portfolio companies gives Legend Holdings several potential earnings sources rather than reliance on one operating market. Its mix of controlled subsidiaries, associates, joint ventures and strategic investments can support resilience and provide multiple avenues for long-term capital allocation.
Negative Factors
High leverage
Elevated leverage and the further increase in total debt reduce financial flexibility and raise the company’s exposure to financing costs and balance-sheet pressure. With equity relatively stable, sustained debt growth could constrain capital allocation and make portfolio investment or restructuring more difficult.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified portfolio
Exposure across multiple sectors and portfolio companies gives Legend Holdings several potential earnings sources rather than reliance on one operating market. Its mix of controlled subsidiaries, associates, joint ventures and strategic investments can support resilience and provide multiple avenues for long-term capital allocation.
Read all positive factors
Legend Holdings Corporation Class H (3396) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$44.60B
Dividend Yield0.6%
Average Volume (3M)11.30M
Price to Earnings (P/E)16.3
Beta (1Y)1.26
Revenue Growth26.95%
EPS Growth402.25%
CountryHK
Employees89,105
SectorTechnology
Sector Strength88
IndustryFinancial - Conglomerates
Share Statistics
EPS (TTM)1.00
Shares Outstanding1,271,854,000
10 Day Avg. Volume10,826,958
30 Day Avg. Volume11,296,345
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)0.34
Price to Sales (P/S)0.03
P/FCF Ratio-1.08
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$22.04Price Target Upside145.98% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)1.83
Revenue Forecast (FY)HK$700.88B
Legend Holdings Corporation Class H Business Overview & Revenue Model
Company Description
Legend Holdings Corporation, along with its subsidiaries, operates in the industrial operations and industrial incubations and investments sectors in the People’s Republic of China and internationally. The company’s Industrial Operations segment p...
How the Company Makes Money
Legend Holdings primarily makes money through returns generated by its portfolio of subsidiaries and investee companies. Key revenue and earnings sources typically include: (1) Operating income from consolidated subsidiaries: For businesses it con...
Legend Holdings Corporation Class H Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
42
Neutral
Cash Flow
28
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 685.91B | 613.19B | 522.10B | 442.84B | 483.66B | 489.87B |
| Gross Profit | 114.84B | 102.81B | 94.47B | 77.23B | 85.45B | 85.93B |
| EBITDA | 40.67B | 31.36B | 35.66B | 19.76B | 25.84B | 34.08B |
| Net Income | 2.56B | 1.06B | 133.23M | -3.87B | 1.17B | 5.75B |
Balance Sheet | ||||||
| Total Assets | 875.98B | 774.86B | 695.97B | 665.73B | 681.07B | 680.69B |
| Cash, Cash Equivalents and Short-Term Investments | 103.20B | 100.11B | 87.59B | 91.09B | 112.05B | 115.51B |
| Total Debt | 227.39B | 200.50B | 155.17B | 157.50B | 161.76B | 166.53B |
| Total Liabilities | 767.50B | 666.90B | 598.32B | 565.61B | 578.92B | 587.88B |
| Stockholders Equity | 55.48B | 55.82B | 55.74B | 58.33B | 63.95B | 62.83B |
Cash Flow | ||||||
| Free Cash Flow | -12.51B | -17.34B | 14.30B | -5.82B | 33.26B | 12.31B |
| Operating Cash Flow | 4.86B | -642.49M | 27.08B | 8.96B | 47.55B | 22.17B |
| Investing Cash Flow | -23.29B | -19.06B | -9.94B | -10.36B | -14.85B | -4.88B |
| Financing Cash Flow | 30.98B | 29.11B | -14.13B | -22.63B | -15.04B | -24.19B |
Legend Holdings Corporation Class H Technical Analysis
Positive
8.96
Price Trends
15.49
Positive
13.97
Positive
11.42
Positive
Market Momentum
0.87
Positive
63.67
Neutral
67.43
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3396, the sentiment is Positive. The current price of 8.96 is below the 20-day moving average (MA) of 18.24, below the 50-day MA of 15.49, and below the 200-day MA of 11.42, indicating a bullish trend. The MACD of 0.87 indicates Positive momentum. The RSI at 63.67 is Neutral, neither overbought nor oversold. The STOCH value of 67.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:3396.
Legend Holdings Corporation Class H Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | HK$401.91B | 62.23 | 11.29% | 1.30% | 26.22% | -52.64% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
59 Neutral | HK$44.60B | 16.26 | 4.60% | 0.60% | 26.95% | 402.25% | |
56 Neutral | HK$6.72B | 180.06 | 3.98% | ― | -4.33% | ― | |
44 Neutral | HK$8.73B | -46.04 | -4.26% | ― | 32.05% | 61.83% | |
42 Neutral | HK$2.30B | -1.88 | -29.05% | 3.94% | -2.67% | -127.19% |
* Technology Sector Average
HK:3396
Legend Holdings Corporation Class H
19.09
8.50
80.28%
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Legend Holdings Corporation Class H Corporate Events
Legend Holdings posts strong interim revenue growth as investment segment swings to profit
Aug 28, 2026
Legend Holdings reported a sharp 29% year-on-year increase in revenue to RMB 362.94 billion for the six months ended June 30, 2026, driven mainly by a 30% rise at Lenovo and strong growth at Levima Group. Despite a drop in net profit from diversif...
Legend Holdings Flags Sharp Revenue Drop but Narrowing Losses at Subsidiary Joyvio Food
Aug 23, 2026
Legend Holdings Corporation, a diversified Chinese investment holding group, operates across multiple sectors including food and agriculture through its subsidiary Joyvio Food Co., Ltd., which is listed on the ChiNext Board of the Shenzhen Stock E...
Legend Holdings Subsidiary Levima Posts Strong Profit and Revenue Growth in 2026 First Half
Aug 17, 2026
Legend Holdings Corporation has announced that its Shenzhen-listed subsidiary, Levima Advanced Materials Corporation, released its unaudited half-year report for the six months ended June 30, 2026, showing a sharp improvement in operating performa...
Legend Holdings Sets Board Meeting to Approve 2026 Interim Results
Aug 17, 2026
Legend Holdings Corporation has scheduled a board meeting for August 28, 2026, to review and approve the interim results of the company and its subsidiaries for the six months ended June 30, 2026. The board, chaired by Ning Min and comprising exec...
Legend Holdings flags Lenovo Q1 profit hit despite strong revenue growth
Aug 13, 2026
Legend Holdings has announced that its key subsidiary, Lenovo Group, reported a sharp rise in revenue to US$26.94 billion for the first quarter of FY2026/27, up from US$18.83 billion a year earlier, with gross profit and margins also improving. Ho...
Legend Holdings Flags Sharp Profit Surge on Capital Market Recovery
Aug 2, 2026
Legend Holdings has issued a positive profit alert for the first half of 2026, indicating that net profit attributable to equity holders is expected to reach at least RMB2,000 million. This represents a surge of not less than 186% compared with th...
Legend Holdings Shareholders Back 2025 Results, Dividend and Board Changes at AGM
Jun 26, 2026
Legend Holdings Corporation reported the results of its 2025 annual general meeting held in Beijing, confirming that all major routine resolutions related to the 2025 financial year were duly considered. Shareholders approved the directors’ ...
Legend Holdings Details Board and Committee Roles to Strengthen Governance
Jun 26, 2026
Legend Holdings Corporation has outlined the composition of its board, led by chairman Ning Min and chief executive officer Yu Hao, alongside a mix of non-executive and independent non-executive directors. The structure underscores an emphasis on ...
Legend Holdings Updates Final Dividend and Tax Terms for 2025 Payout
Jun 26, 2026
Legend Holdings Corporation has announced an updated final cash dividend for its H share investors for the financial year ended 31 December 2025. The board has declared a dividend of RMB 0.1 per share, which will be paid in Hong Kong dollars at HK...
Legend Holdings Sets Formal Procedures for Shareholders’ General Meetings
Jun 26, 2026
Legend Holdings Corporation has issued a detailed set of Rules of Procedure for its shareholders’ general meetings, aligning them with PRC company law, Hong Kong listing rules and its Articles of Association. The rules confirm that all share...
Legend Holdings Tightens Board Rules to Bolster Governance and Shareholder Protection
Jun 26, 2026
Legend Holdings Corporation has issued updated Rules of Procedure for its Board of Directors aimed at strengthening corporate governance, standardizing decision-making, and aligning with PRC company law, Hong Kong listing requirements, and its own...
Legend Holdings Strengthens Governance With Formal Audit Committee Mandate
Jun 26, 2026
Legend Holdings Corporation has formalized the terms of reference for its board audit committee to strengthen risk management, internal control, and audit functions across the group. The committee is tasked with overseeing the truthfulness and com...
Legend Holdings Sets Detailed Mandate for New Nomination Committee
Jun 26, 2026
Legend Holdings Corporation has established a nomination committee under its board to regulate the selection and appointment of directors, senior management and core management, in line with PRC company law, Hong Kong listing rules and its article...
Legend Holdings Sets Up Board Remuneration Committee to Strengthen Governance
Jun 26, 2026
Legend Holdings Corporation has established a remuneration committee under its board to strengthen its remuneration management system and enhance corporate governance. The committee is designed in line with PRC company law, Hong Kong Listing Rules...
Legend Holdings’ Lenovo Raises US$2 Billion via 2033 Convertible Bonds and Retires Part of 2029 Issue
Jun 25, 2026
Legend Holdings’ subsidiary Lenovo has completed the issuance of US$2 billion zero coupon convertible bonds due 2033, with all conditions satisfied and approval secured for the listing and trading of the associated conversion shares. The new...
Legend Holdings’ Lenovo Plans US$2 Billion Convertible Bond Issue and Buy‑back Strategy
Jun 18, 2026
Lenovo, a core subsidiary of Legend Holdings Corporation, has agreed to issue US$2 billion of zero-coupon convertible bonds due 2033, which will be convertible into Lenovo shares at an initial price of HK$36.70 and are intended to be listed in Vie...
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.