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FriendTimes Inc.
(6820)
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Rating:61Neutral
Price Target:
HK$0.39
▲(6.94% Upside)
Action:Downgraded
Date:08/22/26
The score is driven primarily by improving fundamentals (profit and cash-flow recovery with low leverage) and favorable valuation (low P/E and high dividend yield). These positives are tempered by weak technicals—price below major moving averages and negative MACD—indicating the market trend remains bearish despite some oversold signals.
Positive Factors
Profitability Turnaround
Returning to positive net income after losses, alongside a ~73% gross margin, indicates operating stabilization and retained product economics. If sustained, this gives the company a stronger base to reinvest in titles and services, although the recovery remains early.
Negative Factors
Revenue Contraction
A shrinking revenue base indicates that the company has not yet restored its former scale in mobile games and related services. Persistent contraction could limit operating leverage, weaken market position, and make the recent profit recovery harder to sustain.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability Turnaround
Returning to positive net income after losses, alongside a ~73% gross margin, indicates operating stabilization and retained product economics. If sustained, this gives the company a stronger base to reinvest in titles and services, although the recovery remains early.
Read all positive factors
FriendTimes Inc. (6820) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$774.20M
Dividend Yield5.56%
Average Volume (3M)677.40K
Price to Earnings (P/E)5.2
Beta (1Y)0.85
Revenue Growth0.50%
EPS Growth101.22%
CountryHK
Employees854
SectorCommunication Services
Sector Strength97
IndustryElectronic Gaming & Multimedia
Share Statistics
EPS (TTM)0.06
Shares Outstanding2,180,850,000
10 Day Avg. Volume1,006,200
30 Day Avg. Volume677,400
Financial Highlights & Ratios
PEG Ratio-0.03
Price to Book (P/B)0.69
Price to Sales (P/S)0.69
P/FCF Ratio7.47
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)0.08
Revenue Forecast (FY)HK$1.51B
FriendTimes Inc. Business Overview & Revenue Model
Company Description
FriendTimes Inc., along with its affiliated entities, is a global enterprise primarily focused on the development, release, and ongoing management of mobile games. Operating within the People's Republic of China and across international markets, t...
How the Company Makes Money
FriendTimes Inc. has historically generated revenue primarily from the commercialization of its mobile games and related online services. Key revenue streams have included: (1) in-game purchases (virtual items, premium content, and other paid feat...
FriendTimes Inc. Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
78
Positive
Cash Flow
67
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.22B | 1.25B | 1.16B | 1.06B | 1.52B | 1.62B |
| Gross Profit | 902.82M | 911.31M | 813.52M | 702.40M | 1.04B | 1.09B |
| EBITDA | 25.25M | 72.54M | -5.01M | -43.17M | 22.36M | 256.61M |
| Net Income | 123.31M | 93.17M | -48.86M | -138.12M | 25.11M | 275.48M |
Balance Sheet | ||||||
| Total Assets | 1.48B | 1.44B | 1.40B | 1.47B | 1.61B | 1.81B |
| Cash, Cash Equivalents and Short-Term Investments | 745.55M | 851.15M | 786.36M | 949.27M | 946.14M | 1.05B |
| Total Debt | 82.04M | 71.06M | 149.42M | 147.88M | 1.37M | 1.12M |
| Total Liabilities | 206.11M | 194.68M | 252.40M | 262.05M | 116.23M | 160.32M |
| Stockholders Equity | 1.27B | 1.24B | 1.15B | 1.20B | 1.50B | 1.65B |
Cash Flow | ||||||
| Free Cash Flow | 61.68M | 114.92M | -53.13M | -49.92M | 117.20M | 199.48M |
| Operating Cash Flow | 63.36M | 117.19M | -52.83M | -46.29M | 155.21M | 262.66M |
| Investing Cash Flow | 72.27M | -202.92M | 5.86M | 60.11M | -278.04M | -385.54M |
| Financing Cash Flow | -76.11M | -93.25M | -15.31M | -21.70M | -225.36M | -217.04M |
FriendTimes Inc. Technical Analysis
Negative
0.36
Price Trends
0.40
Negative
0.41
Negative
0.45
Negative
Market Momentum
-0.01
Negative
42.11
Neutral
57.14
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6820, the sentiment is Negative. The current price of 0.36 is below the 20-day moving average (MA) of 0.37, below the 50-day MA of 0.40, and below the 200-day MA of 0.45, indicating a bearish trend. The MACD of -0.01 indicates Negative momentum. The RSI at 42.11 is Neutral, neither overbought nor oversold. The STOCH value of 57.14 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:6820.
FriendTimes Inc. Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | HK$2.42B | 6.09 | 12.98% | 17.02% | 18.51% | 13.18% | |
61 Neutral | HK$774.20M | 5.22 | 9.81% | 5.56% | 0.50% | 101.22% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
57 Neutral | HK$2.12B | -1.81 | -45.89% | 1.19% | 3.44% | -228.78% | |
52 Neutral | HK$980.59M | 150.49 | 0.56% | ― | 4.87% | ― | |
43 Neutral | HK$211.99M | -2.69 | -9.03% | ― | -27.61% | -348.17% | |
39 Underperform | HK$608.08M | -0.54 | -38.88% | 2.76% | -30.74% | 64.20% |
* Communication Services Sector Average
HK:6820
FriendTimes Inc.
0.36
-0.24
-40.20%
HK:0434
Boyaa Interactive International
3.07
-4.65
-60.29%
HK:1119
iDreamSky Technology Holdings Limited
0.48
-0.61
-56.02%
HK:2660
Zengame Technology Holding Ltd.
2.35
0.09
3.84%
HK:0302
CMGE Technology Group Limited
0.20
-0.31
-61.00%
HK:6860
FingerTango, Inc.
0.12
-0.08
-39.47%
FriendTimes Inc. Corporate Events
FriendTimes Profit Surges Despite Slight Revenue Dip in First-Half 2026
Aug 18, 2026
FriendTimes Inc. reported interim revenue of RMB599.5 million for the six months ended 30 June 2026, down 3.8% year on year, while gross profit slipped 1.9% to RMB450.6 million, reflecting a mild softening in its core mobile gaming business. Profi...
FriendTimes Sets August Board Meeting to Approve Interim Results
Aug 6, 2026
FriendTimes Inc. has scheduled a board meeting for 18 August 2026 to review and approve the group’s interim results for the six months ended 30 June 2026, and to authorize their publication. The board will also consider declaring an interim ...
FriendTimes Signals Up to 82% Surge in Interim Profit on Investment Gains
Jul 20, 2026
FriendTimes Inc., a Cayman Islands–incorporated company listed on the Hong Kong Stock Exchange, operates as a public investment-oriented group whose earnings are closely linked to the fair value of its financial assets and related investment...
FriendTimes Chairman Lifts Stake, Reaffirming Confidence in Long-Term Prospects
Jul 2, 2026
FriendTimes Inc.’s controlling shareholder and chairman, Mr. Jiang Xiaohuang, has increased his interest in the company through Warm Sunshine Holdings, which bought 1,230,000 shares on the open market, lifting its stake to 197,086,000 shares...
FriendTimes’ Controlling Shareholder Lifts Stake Without Triggering Takeover Obligations
Jun 30, 2026
FriendTimes Inc. has announced that controlling shareholder and chairman Jiang Xiaohuang has increased his stake in the company via Warm Sunshine Holdings Limited, which bought 792,000 shares on the open market on 29 June 2026. The purchase lifted...
FriendTimes Controlling Shareholder Lifts Stake Without Triggering Takeover Offer
Jun 29, 2026
FriendTimes Inc. has disclosed that its controlling shareholder, via Warm Sunshine Holdings Limited, acquired 3,990,000 shares in the open market on 26 June 2026, raising its stake to about 57.34% of the company’s issued share capital. The b...
FriendTimes Chairman Boosts Stake, Signaling Confidence in Long-Term Prospects
Jun 24, 2026
FriendTimes Inc. has disclosed that Warm Sunshine Holdings Limited, a vehicle linked to chairman and controlling shareholder Jiang Xiaohuang, purchased 1,320,000 shares on the open market on 23 June 2026. The transaction raised Warm Sunshine’...
FriendTimes Lifts Share Purchases Under Award Scheme to 4.5% of Capital
Jun 17, 2026
FriendTimes Inc. has reported that, in the first half of 2026, shares purchased by its appointed trustee under the company’s share award scheme amounted to about 0.3% of its total share capital. Over the longer period from 28 August 2023 to ...
FriendTimes places RMB98 million in principal-protected structured deposits with Zheshang Bank
Jun 15, 2026
FriendTimes Inc. said its subsidiaries Cheeryoo Network and FriendTimes Technology have subscribed to four principal-protected, floating-return, closed-end structured deposits issued by Zheshang Bank’s Suzhou New District sub-branch between ...
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.