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Telecom Digital Holdings Ltd
(6033)
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Rating:49Neutral
Price Target:
HK$0.52
▼(-20.46% Downside)
Action:Reiterated
Date:03/24/26
The score is held back primarily by multi-year margin and earnings compression and a materially higher leverage profile, despite continued positive free cash flow. Technicals add further caution with the stock trading below major moving averages and a negative MACD. The main support comes from the high dividend yield, though the P/E is only moderate relative to the weakened profitability.
Positive Factors
Strong free cash flow rebound
A 67.1% rebound in free cash flow to roughly 124.6M in 2026 shows the company can convert operations into cash even while reporting a net loss. Durable FCF supports debt servicing, capex and distributions, improving medium-term financial flexibility if sustained.
Negative Factors
Severe margin compression
Gross margin collapse from ~48% to under 10% and a swing to negative net margin reflect structural erosion of pricing power or sharp cost pressures. Sustained margin deterioration undermines profitability and makes it harder to restore returns without major cost or revenue model changes.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong free cash flow rebound
A 67.1% rebound in free cash flow to roughly 124.6M in 2026 shows the company can convert operations into cash even while reporting a net loss. Durable FCF supports debt servicing, capex and distributions, improving medium-term financial flexibility if sustained.
Read all positive factors
Telecom Digital Holdings Ltd (6033) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$197.84M
Dividend Yield10.2%
Average Volume (3M)51.20K
Price to Earnings (P/E)―
Beta (1Y)0.66
Revenue Growth7.36%
EPS Growth-251.43%
CountryHK
Employees480
SectorConsumer Cyclical
Sector Strength84
IndustrySpecialty Retail
Share Statistics
EPS (TTM)N/A
Shares Outstanding403,753,000
10 Day Avg. Volume20,000
30 Day Avg. Volume51,200
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)0.53
Price to Sales (P/S)0.16
P/FCF Ratio1.88
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
Telecom Digital Holdings Ltd Business Overview & Revenue Model
Company Description
Telecom Digital Holdings Limited is an investment holding company that operates extensively within the telecommunications sector and its ancillary businesses, with a presence across Hong Kong and mainland China. The company's diverse operations ar...
How the Company Makes Money
Telecom Digital Holdings Ltd generates revenue through multiple streams, including the sale of mobile phones, accessories, and electronic equipment to individual consumers and businesses. The company also earns substantial income by providing mobi...
Telecom Digital Holdings Ltd Financial Statement Overview
Summary
Income Statement
48
Neutral
Balance Sheet
42
Neutral
Cash Flow
55
Neutral
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.43B | 1.33B | 1.37B | 1.54B | 1.51B |
| Gross Profit | 136.65M | 399.15M | 466.17M | 499.04M | 525.29M |
| EBITDA | 126.50M | 161.70M | 200.01M | 207.59M | 217.54M |
| Net Income | -34.23M | 22.62M | 56.38M | 75.58M | 113.06M |
Balance Sheet | |||||
| Total Assets | 1.06B | 1.21B | 1.23B | 1.37B | 851.01M |
| Cash, Cash Equivalents and Short-Term Investments | 38.36M | 57.45M | 59.58M | 89.24M | 192.09M |
| Total Debt | 517.31M | 629.00M | 652.03M | 833.52M | 345.26M |
| Total Liabilities | 613.14M | 721.14M | 731.72M | 923.94M | 440.71M |
| Stockholders Equity | 443.08M | 486.49M | 493.67M | 448.29M | 410.30M |
Cash Flow | |||||
| Free Cash Flow | 124.55M | 89.66M | 163.67M | 169.45M | 160.34M |
| Operating Cash Flow | 130.51M | 123.64M | 188.89M | 176.73M | 172.28M |
| Investing Cash Flow | 13.12M | -4.84M | 86.04M | -640.73M | -154.86M |
| Financing Cash Flow | -152.43M | -123.39M | -277.44M | 382.05M | 24.23M |
Telecom Digital Holdings Ltd Technical Analysis
Neutral
0.65
Price Trends
0.49
Positive
0.52
Negative
0.54
Negative
Market Momentum
<0.01
Negative
56.66
Neutral
22.22
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6033, the sentiment is Neutral. The current price of 0.65 is above the 20-day moving average (MA) of 0.47, above the 50-day MA of 0.49, and above the 200-day MA of 0.54, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 56.66 is Neutral, neither overbought nor oversold. The STOCH value of 22.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:6033.
Telecom Digital Holdings Ltd Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | HK$514.62M | -61.80 | -2.19% | 3.05% | 0.14% | -113.22% | |
71 Outperform | HK$384.12M | 12.78 | 2.15% | 55.55% | -8.17% | 56.87% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
56 Neutral | HK$1.30B | -7.85 | -3.70% | ― | 11.90% | 25.23% | |
49 Neutral | HK$197.84M | -3.70 | -11.55% | 10.20% | 7.36% | -251.43% | |
42 Neutral | HK$341.29M | -0.20 | 52.35% | ― | 4.77% | -4.82% | |
37 Underperform | HK$758.47M | -0.08 | 21.77% | 3.96% | -28.44% | 42.64% |
* Consumer Cyclical Sector Average
HK:6033
Telecom Digital Holdings Ltd
0.49
-0.20
-28.57%
HK:0493
GOME Retail Holdings
0.01
>-0.01
-47.37%
HK:6188
Beijing Digital Telecom Co. Ltd. Class H
0.39
-0.15
-27.78%
HK:9991
Baozun, Inc. Class A
7.24
-5.20
-41.84%
HK:1861
Precious Dragon Technology Holdings Ltd.
2.30
0.52
29.43%
HK:2101
Fulu Holdings Limited
0.94
0.05
5.26%
Telecom Digital Holdings Ltd Corporate Events
Telecom Digital Swings to Loss Despite Revenue Growth in FY2026
Jun 30, 2026
Telecom Digital Holdings reported revenue of HK$1.43 billion for the year ended 31 March 2026, up from HK$1.33 billion a year earlier, reflecting growth in its core telecommunications products and services. Despite the higher top line, the group s...
Telecom Digital Declares Fourth Quarter Interim Dividend for FY2026
Jun 30, 2026
Telecom Digital Holdings Limited has declared a fourth quarter interim ordinary dividend of HKD 0.03 per share for the financial year ended 31 March 2026, payable in Hong Kong dollars. The ex-dividend date is set for 7 September 2026, with the rec...
Telecom Digital flags swing to annual loss on property impairment and weaker market
Jun 24, 2026
Telecom Digital Holdings warned that it expects to swing to a consolidated loss attributable to shareholders of up to HK$34.3 million for the year ended 31 March 2026, compared with a profit of about HK$22.6 million a year earlier. The company cit...
Telecom Digital Sets Late-June Board Meeting to Approve FY2026 Results and Mull Dividend
Jun 16, 2026
Telecom Digital Holdings Limited has scheduled a board meeting for 30 June 2026 to approve the audited final results for the financial year ended 31 March 2026 and to authorize their publication. The board will also consider the declaration of a d...
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.