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hmvod Limited (8103) AI Stock Analysis

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HK:8103

hmvod Limited

(HKEX:8103)

Select Model
Rating:44Neutral
Price Target:HKD 0.17â–²(38.66% Upside)
Action:reiterated
Date:02/11/26

The score is primarily constrained by very weak financial health (losses, negative cash flows, and negative equity). Technical momentum is currently positive but appears overextended (very high RSI), and valuation provides limited support due to negative earnings and no dividend yield data.

Positive Factors
Owned VOD platform (HMVOD)Owning an established video-on-demand platform aligns the company with structural migration to digital streaming. Platform ownership supports recurring monetization (subscriptions, ads, licensing) and direct control of distribution, providing a durable avenue to scale revenues if investment resumes.
Negative Factors
Negative stockholders' equityLiabilities exceeding assets undermines solvency and reduces financial flexibility. Negative equity constrains access to debt and equity financing, raises creditor risk, and increases the likelihood of restructuring or dilution; these are persistent capital-structure issues requiring material recapitalization to fix.

hmvod Limited (8103) vs. iShares MSCI Hong Kong ETF (EWH)

-50%-40%-30%-20%-10%0%10%20%30%40%HK:8103-34.25%EWH+7.37%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
HKD 15.27M
Dividend Yield
―
Average Volume (3M)
―
Price to Earnings (P/E)
0.8
Beta (1Y)
0.43
Revenue Growth
-27.71%
EPS Growth
―
Country
Hong Kong
Employees
21
Sector
Communication Services
Sector Strength
60
Industry
Entertainment

hmvod Limited Business Overview & Revenue Model

Company Description

Headquartered in Kowloon, Hong Kong, hmvod Limited functions as an investment holding company with a primary focus on operations within the People's Republic of China. Formerly known as Trillion Grand Corporate Company Limited until October 2018, the...

How the Company Makes Money

null

hmvod Limited Financial Statement Overview

Summary

Financial statements indicate severe weakness: declining revenue (~21% drop), persistent losses with negative EBIT/EBITDA margins, negative operating and free cash flow, and negative stockholders’ equity (liabilities exceed assets), creating elevated solvency and liquidity risk.

Income Statement

30Negative

Balance Sheet

25Negative

Cash Flow

20Very Negative
Financial statement breakdown
BreakdownTTMMar 2025Mar 2024Mar 2023Sep 2022Mar 2021
Income Statement
Total Revenue21.16M12.69M17.55M22.11M23.99M36.18M
Gross Profit1.21M395.00K4.31M-1.88M-1.70M13.08M
EBITDA-4.58M-5.83M-12.93M-835.00K-5.66M-16.62M
Net Income-5.99M12.69M-14.88M-6.76M-12.33M-28.14M
Balance Sheet
Total Assets18.31M18.31M3.54M24.98M17.94M24.79M
Cash, Cash Equivalents and Short-Term Investments4.63M4.63M325.00K13.86M2.39M1.88M
Total Debt18.16M18.16M24.31M31.16M40.48M43.46M
Total Liabilities74.77M74.77M73.61M79.83M89.88M87.54M
Stockholders Equity-53.03M-53.03M-65.73M-50.86M-67.11M-54.77M
Cash Flow
Free Cash Flow1.09M0-4.76M-5.81M-6.29M-29.83M
Operating Cash Flow1.14M0-4.67M-5.81M-6.13M-29.77M
Investing Cash Flow-46.00K0-54.00K73.00K-331.00K-65.00K
Financing Cash Flow-1.68M0-8.82M17.20M6.99M30.61M

hmvod Limited Technical Analysis

Technical Analysis SentimentNegative
Last Price0.12

Price Trends

50DMA0.12Negative
100DMA0.13Negative
200DMA0.15Negative

Market Momentum

MACD-0.00Negative
RSI31.21Neutral
STOCH-0.00Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:8103, the sentiment is Negative. The current price of 0.12 is below the 20-day moving average (MA) of 0.12, below the 50-day MA of 0.12, and below the 200-day MA of 0.15, indicating a neutral trend. The MACD of -0.00 indicates Negative momentum. The RSI at 31.21 is Neutral, neither overbought nor oversold. The STOCH value of -0.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:8103.

hmvod Limited Peers Comparison

Overall Rating

UnderperformOutperform
Sector (60)

Financial Indicators

HK:8103 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
HK:2416HK:241665NeutralHKD 1.32B4.9115.75%―19.40%162.44%
Sector *60Neutral$48.67B4.58-11.27%4.14%2.83%-41.78%
HK:9698HK:969853NeutralHKD 35.23B7.9712.75%―12.61%2372.26%
HK:2512HK:251248NeutralHKD 1.32B47.254.47%―74.82%57.99%
HK:0465HK:046544NeutralHKD 992.28M-12.15-42.58%―-20.17%2.68%
HK:8103HK:810344NeutralHKD 15.40M0.80-31.38%―-27.71%―
HK:8198HK:819840UnderperformHKD 572.49M-3.14-105.71%―-20.80%-121.68%

* Communication Services Sector Average

Performance Comparison

0%250%500%750%1000%HK:8103HK:8198HK:9698HK:0465HK:2416HK:2512Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
HK:8103 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:8103hmvod Limited0.12-0.06-34.25%
HK:8198Loto Interactive Limited0.73-2.88-79.78%
HK:9698GDS Holdings Ltd.21.98-12.42-36.10%
HK:0465Futong Technology Development Holdings Ltd.3.152.65529.00%
HK:2416Edianyun Limited2.490.5629.02%
HK:2512Cloud Factory Technology Holdings Limited2.60-1.00-27.78%
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: Feb 11, 2026