Hang Sang (Siu Po) International Holding Co. Ltd. (3626) AI Stock Analysis

Hang Sang (Siu Po) International Holding Co. Ltd.

(HKEX:3626)

Select Model

Rating:56Neutral

Price Target:HKD 1.50▼(-31.82% Downside)

Action:reiterated

Date:06/15/26

The score is supported mainly by improving financial performance in FY2025 (return to profitability and stronger cash generation). This is offset by weak technicals (price below major moving averages with negative MACD) and a stretched valuation (very high P/E with no dividend yield provided).

Positive Factors

Return to profitabilityFY2025 profitability represents a clear operational turnaround that rebuilds the company's earnings base after prior losses. Sustained positive operating profit and net income improve internal funding capacity, enabling reinvestment, gradual deleveraging and increased resilience over the coming quarters.

Negative Factors

Thin, volatile marginsNet profit margin ~2.8% and EBIT margin ~4.4% are thin, offering limited cushion against rising costs or revenue shocks. Coupled with volatile prior results and deep losses in FY2023, the company needs sustained margin expansion to make the earnings recovery durable rather than transient.

Hang Sang (Siu Po) International Holding Co. Ltd. (3626) vs. iShares MSCI Hong Kong ETF (EWH)

Market Cap: HKD 404.80M
Dividend Yield: ―
Average Volume (3M): 149.06K
Price to Earnings (P/E): 141.0
Beta (1Y): -0.84
Revenue Growth: 3.80%
EPS Growth: 8.33%
Country: Hong Kong
Employees: 67
Sector: Industrials
Sector Strength: 63
Industry: Specialty Business Services

Hang Sang (Siu Po) International Holding Co. Ltd. Business Overview & Revenue Model

Company Description

Established in 1997 with its headquarters located in Cheung Sha Wan, Hong Kong, East Nova Holdings Limited specializes in the production and supply of clothing labels and various printed packaging solutions. The company caters to a diverse clientele,...

Hang Sang (Siu Po) International Holding Co. Ltd. Financial Statement Overview

Summary

FY2025 shows a clear turnaround with positive operating profit, positive net income, and strong positive free cash flow. However, profitability remains thin and results have been volatile over multiple years, with some increase in leverage and a reduced equity cushion versus earlier periods.

Income Statement

62Positive

Balance Sheet

73Positive

Cash Flow

68Positive

Financial statement breakdown
Breakdown	TTM	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	98.77M	98.77M	95.15M	70.03M	54.41M	75.51M
Gross Profit	36.51M	36.51M	36.38M	20.67M	9.40M	22.61M
EBITDA	13.59M	13.59M	9.78M	7.98M	-15.04M	2.65M
Net Income	2.87M	2.87M	2.66M	-2.40M	-25.96M	-3.83M
Balance Sheet
Total Assets	54.10M	54.10M	43.31M	68.00M	60.80M	88.99M
Cash, Cash Equivalents and Short-Term Investments	26.07M	26.07M	15.03M	33.56M	43.15M	57.95M
Total Debt	11.53M	11.53M	8.60M	14.97M	9.94M	12.55M
Total Liabilities	28.92M	28.92M	20.71M	27.58M	19.04M	21.27M
Stockholders Equity	25.01M	25.01M	22.54M	40.30M	41.75M	67.72M
Cash Flow
Free Cash Flow	7.29M	0	9.28M	1.51M	-7.62M	-1.45M
Operating Cash Flow	7.29M	0	10.53M	2.55M	-7.33M	-163.00K
Investing Cash Flow	8,000	0	-1.24M	-4.17M	825.00K	-185.00K
Financing Cash Flow	-3.55M	0	-27.88M	-7.96M	-8.29M	-3.75M

Hang Sang (Siu Po) International Holding Co. Ltd. Technical Analysis

Technical Analysis SentimentPositive

Last Price2.20

Price Trends

50DMA2.03Positive

100DMA1.85Positive

200DMA2.08Positive

Market Momentum

MACD0.04Positive

RSI52.13Neutral

STOCH37.30Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3626, the sentiment is Positive. The current price of 2.20 is below the 20-day moving average (MA) of 2.21, above the 50-day MA of 2.03, and above the 200-day MA of 2.08, indicating a neutral trend. The MACD of 0.04 indicates Positive momentum. The RSI at 52.13 is Neutral, neither overbought nor oversold. The STOCH value of 37.30 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:3626.

Hang Sang (Siu Po) International Holding Co. Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (63)

Financial Indicators

HK:3626 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HK:1540	79Outperform	HKD 276.76M	9.13	10.05%	3.16%	4.00%	-31.04%
HK:1975	64Neutral	HKD 259.20M	17.70	4.04%	8.85%	25.04%	―
Sector *	63Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
HK:3626	56Neutral	HKD 404.80M	141.03	11.70%	―	3.80%	8.33%
HK:8448	44Neutral	HKD 110.28M	67.38	15.23%	―	10.01%	164.52%
HK:0450	43Neutral	HKD 549.53M	-6.06	-3.47%	11.48%	4.37%	-4.14%
HK:8385	39Underperform	HKD 9.60M	-0.30	26.10%	―	301.46%	37.67%

* Industrials Sector Average

Performance Comparison

HK:3626 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
HK:3626	Hang Sang (Siu Po) International Holding Co. Ltd.	2.20	-1.13	-33.93%
HK:0450	Hung Hing Printing Group Limited	0.61	-0.24	-28.24%
HK:1540	Left Field Printing Group Ltd.	0.56	0.32	134.18%
HK:1975	Sun Hing Printing Holdings Limited	0.54	0.19	55.17%
HK:8385	Prosperous Printing Company Limited	0.09	-0.14	-60.68%
HK:8448	Universe Printshop Holdings Ltd.	1.10	0.63	130.21%

Hang Sang (Siu Po) International Holding Co. Ltd. Corporate Events

East Nova renews key Hong Kong industrial leases in discloseable transaction

Jun 8, 2026

East Nova Holdings Limited’s subsidiary Hang Sang (Siu Po) Press Company Limited has renewed its long-standing tenancy at the Gee Hing Chang Industrial Building in Cheung Sha Wan, Kowloon, securing industrial units across multiple floors as pro...

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: Jun 15, 2026

Hang Sang (Siu Po) International Holding Co. Ltd. AI Stock Analysis