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Legend Holdings Corporation Class H
(3396)
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Rating:47Neutral
Price Target:
HK$15.00
▲(67.41% Upside)
Action:Reiterated
Date:10/27/26
The score is held down primarily by weakened financial quality—high leverage alongside a sharp deterioration to negative operating and free cash flow in 2025. Technicals also remain bearish with price below key moving averages and negative MACD, despite oversold readings. Valuation is relatively reasonable (P/E ~12.8), but it is not enough to offset the fundamental and trend risks.
Positive Factors
Portfolio diversification
A broad portfolio across multiple sectors gives Legend Holdings several operating and investment earnings streams rather than dependence on one business. This diversification can support resilience when conditions weaken in a particular industry, while allowing capital to be redeployed among portfolio companies.
Negative Factors
High leverage
Elevated leverage and the further increase in debt reduce financial flexibility across the holding company and its portfolio. Higher obligations can absorb more operating cash, increase exposure to financing costs, and constrain acquisitions, distributions, or investment during weaker conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Portfolio diversification
A broad portfolio across multiple sectors gives Legend Holdings several operating and investment earnings streams rather than dependence on one business. This diversification can support resilience when conditions weaken in a particular industry, while allowing capital to be redeployed among portfolio companies.
Read all positive factors
Legend Holdings Corporation Class H (3396) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$32.47B
Dividend Yield0.83%
Average Volume (3M)10.91M
Price to Earnings (P/E)11.7
Beta (1Y)0.93
Revenue Growth26.95%
EPS Growth402.25%
CountryHK
Employees88,843
SectorTechnology
Sector Strength88
IndustryFinancial - Conglomerates
Share Statistics
EPS (TTM)1.00
Shares Outstanding1,271,854,000
10 Day Avg. Volume8,641,030
30 Day Avg. Volume10,909,377
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$22.83Price Target Upside154.77% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)2.36
Revenue Forecast (FY)HK$730.76B
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 | 43.84B | 31.36B | 36.68B | 19.76B | 28.91B | 36.77B |
| 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 | 57.77B | 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
Negative
8.96
Price Trends
19.73
Negative
17.28
Negative
13.48
Positive
Market Momentum
-1.84
Positive
28.86
Positive
12.38
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3396, the sentiment is Negative. The current price of 8.96 is below the 20-day moving average (MA) of 18.94, below the 50-day MA of 19.73, and below the 200-day MA of 13.48, indicating a neutral trend. The MACD of -1.84 indicates Positive momentum. The RSI at 28.86 is Positive, neither overbought nor oversold. The STOCH value of 12.38 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
57 Neutral | HK$262.93B | 39.36 | 11.29% | 2.06% | 26.22% | -52.64% | |
56 Neutral | HK$9.97B | 264.89 | 3.98% | ― | -4.33% | ― | |
47 Neutral | HK$32.47B | 11.73 | 4.51% | 0.83% | 26.95% | 402.25% | |
44 Neutral | HK$6.27B | -32.77 | -4.26% | ― | 32.05% | 61.83% | |
40 Underperform | HK$1.65B | -1.35 | -29.05% | 3.94% | -2.67% | -127.19% |
* Technology Sector Average
HK:3396
Legend Holdings Corporation Class H
13.78
3.66
36.13%
HK:0992
Lenovo Group
20.50
9.27
82.60%
HK:3336
Ju Teng International Holdings Limited
1.96
0.16
8.61%
HK:2436
LX Technology Group Limited
28.22
24.17
596.79%
HK:2498
RoboSense Technology Company., Ltd
13.13
-21.81
-62.42%
HK:6600
OneRobotics (Shenzhen) Co., Ltd. Class H
47.46
-26.39
-35.73%
Legend Holdings Corporation Class H Corporate Events
Legend Holdings Highlights Strong Q3 2026 Performance at Levima Subsidiary
Oct 26, 2026
Legend Holdings Corporation has disclosed third-quarter 2026 results for its Shenzhen-listed subsidiary, Levima Advanced Materials Corporation, highlighting the advanced materials unit’s strong growth within the group’s broader investm...
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...
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.