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Fameglow Holdings Limited (8603) AI Stock Analysis

HK:8603

Fameglow Holdings Limited

(HKEX:8603)

Select Model
Rating:72Outperform
Price Target:HKD 40.00â–²(3.36% Upside)
Action:reiterated
Date:10/21/26

Strong financial performance from revenue acceleration and profitability turnaround, combined with bullish technical momentum, are the primary positive drivers; high valuation multiples limit the overall score.

Positive Factors
Revenue and Profitability RecoveryThe return to sustained profitability alongside strong revenue growth indicates meaningful operating recovery and improving business scale. Positive EBIT and EBITDA provide an earnings base that can support reinvestment, strengthen resilience, and compound value over the next several quarters if growth remains durable.
Negative Factors
Margin CompressionFalling gross and operating margins suggest that expansion is not translating into earnings at the same rate as revenue. If the pressure reflects higher costs or an unfavorable mix, sustained compression could limit operating leverage and weaken the durability of the profitability recovery.

Fameglow Holdings Limited (8603) vs. iShares MSCI Hong Kong ETF (EWH)

-250%0%250%500%750%1000%1250%1500%1750%HK:8603+1643.24%EWH+7.37%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
HKD 11.71B
Dividend Yield
―
Average Volume (3M)
810.65K
Price to Earnings (P/E)
140.9
Beta (1Y)
-0.53
Revenue Growth
35.50%
EPS Growth
18.53%
Country
Hong Kong
Employees
467
Sector
Consumer Cyclical
Sector Strength
61
Industry
Personal Products & Services

Fameglow Holdings Limited Business Overview & Revenue Model

Company Description

Fameglow Holdings Limited, an investment holding entity, offers a range of non-surgical medical aesthetic services across Hong Kong. These include energy-based procedures, which employ various devices that emit energy onto the skin's surface, and min...

Fameglow Holdings Limited Financial Statement Overview

Summary

Robust revenue growth accelerating to profitability, strong equity expansion, and positive operating cash flows, offset by gross margin contraction and cash flow volatility.

Income Statement

82Very Positive

Balance Sheet

78Positive

Cash Flow

75Positive
Financial statement breakdown
BreakdownTTMMar 2025Mar 2024Mar 2023Mar 2022Mar 2021
Income Statement
Total Revenue845.30M589.79M435.27M299.36M227.58M179.63M
Gross Profit337.12M218.36M388.81M260.89M78.65M154.77M
EBITDA214.07M145.74M118.79M93.66M67.63M40.33M
Net Income77.46M54.64M45.73M40.75M16.37M-8.78M
Balance Sheet
Total Assets456.90M456.90M329.81M194.48M208.14M219.66M
Cash, Cash Equivalents and Short-Term Investments135.09M110.69M40.62M19.31M19.22M1.64M
Total Debt119.18M119.18M92.39M45.55M66.38M94.44M
Total Liabilities249.84M249.84M223.72M134.23M188.64M216.53M
Stockholders Equity207.06M207.06M106.09M60.25M19.50M3.13M
Cash Flow
Free Cash Flow-1.95M45.08M30.14M18.28M41.87M-9.71M
Operating Cash Flow72.88M113.14M83.53M34.80M74.07M24.73M
Investing Cash Flow-32.41M-67.94M-35.31M-6.91M-32.18M-34.45M
Financing Cash Flow12.85M24.87M-26.91M-27.80M-24.31M-28.02M

Fameglow Holdings Limited Technical Analysis

Technical Analysis SentimentPositive
Last Price38.70

Price Trends

50DMA26.09Positive
100DMA20.17Positive
200DMA13.37Positive

Market Momentum

MACD4.10Negative
RSI71.81Negative
STOCH57.69Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:8603, the sentiment is Positive. The current price of 38.70 is above the 20-day moving average (MA) of 32.85, above the 50-day MA of 26.09, and above the 200-day MA of 13.37, indicating a bullish trend. The MACD of 4.10 indicates Negative momentum. The RSI at 71.81 is Negative, neither overbought nor oversold. The STOCH value of 57.69 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:8603.

Fameglow Holdings Limited Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

HK:8603 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
HK:8603HK:860372OutperformHKD 31.69B140.8949.08%―35.50%18.53%
HK:1830HK:183068NeutralHKD 1.43B8.0143.78%12.76%-14.68%-13.60%
Sector *61Neutral$18.38B12.79-2.54%3.03%1.52%-15.83%
HK:0922HK:092252NeutralHKD 208.81M-1.80-13.22%17.02%-16.99%-326.96%
HK:2521HK:252152NeutralHKD 1.80B49.266.47%―2.78%-41.23%
HK:0919HK:091950NeutralHKD 67.84M-37.50-0.93%―-2.31%66.07%
HK:8296HK:829647NeutralHKD 17.95M-0.76-17.95%―-26.00%-188.55%

* Consumer Cyclical Sector Average

Performance Comparison

0%500%1000%1500%HK:8603HK:0919HK:0922HK:1830HK:8296HK:2521Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
HK:8603 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:8603Fameglow Holdings Limited38.7036.461627.68%
HK:0919Modern Healthcare Technology Holdings Limited0.070.004.17%
HK:0922Anxian Yuan China Holdings Limited0.09-0.06-37.33%
HK:1830Perfect Medical Health Management Limited1.14-0.08-6.79%
HK:8296Sino-Life Group Limited0.19-0.19-50.00%
HK:2521Shenghui Cleanness Group Holdings Limited0.930.53131.25%
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: Oct 21, 2026