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1346.HK — HKEX Apparel & Accessories

1346.Hk

HK$1,40
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Mcap
894,7M HKD
P/E
—
EV / Rev
—
Div yield
6,90 %
Op margin
9,7 %
ROE
22,8 %
Net margin
7,9 %
Debt / equity
0,04
Beta
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52w range
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Volume
—
Day range
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Prev close
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Open
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Next earnings
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Ex-dividend
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TR 1Y
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About

The company operates in the Apparel & Accessories industry, generating revenue primarily through the production and sale of clothing and related accessories.

Business. The company operates in the Apparel & Accessories industry, generating revenue primarily through the production and sale of clothing and related accessories.

Classification92 %
SectorConsumer Cyclicals
Business sectorCyclical Consumer Products
IndustryApparel & Accessories
Generated · model-assisted
Sell-side consensus
—consensus pending
— buy— hold— sell
Avg 12m price target—
Upcoming events
— missing data
See all catalysts →

At a glance

Score
—
not yet scored
Valuation
—
valuation pending
Analysts
—
not yet wired
Ownership
—
not yet wired
Profitability→
22,8 %
return on equity
Quality
—
not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

0
  • No recent newsroom coverage mentioning 1346.

    • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,3 %+6,6 %+1,7 %
    Communication Services+2,2 %−5,5 %+1,6 %
    Energy+0,6 %+3,3 %+0,0 %
    Health Care+0,6 %−0,8 %+0,0 %
    Information Technology+0,6 %+6,7 %+0,0 %
    Consumer Discretionary · THIS SECTOR+0,4 %+7,6 %−0,2 %
    Financials−0,3 %−2,8 %−0,9 %
    Consumer Staples−0,4 %+2,5 %−1,0 %
    Real Estate−0,7 %+10,9 %−1,3 %
    Industrials−1,9 %−3,1 %−2,5 %
    Utilities−1,9 %+28,2 %−2,5 %

    Developing storylines

    No tracked sagas currently linked to 1346.HK. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Macro
    • Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
    • Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
    • Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
    • Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
    • Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
    • Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
    • Macro & political
    • ElectionSE Swedish Election2026-09-14 · SE
    • ElectionUS U.S. Midterms2026-11-03 · US
    • ElectionFR French Legislative2027-06-01 · FR

    Pre-earnings brief

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Synthesis

    Business

    The company operates in the Apparel & Accessories industry, generating revenue primarily through the production and sale of clothing and related accessories.

    Classification92 %
    SectorConsumer Cyclicals
    Business sectorCyclical Consumer Products
    IndustryApparel & Accessories
    AI synthesis
    GENERATED

    The company maintains a strong liquidity position, with a current ratio of 2.69, indicating that it has more than double the current assets to cover its current liabilities. However, the liquidity risk is assessed as medium, and the company has a negative net cash position after subtracting total debt, which could pose a challenge in the short term. The price-to-book ratio is 12.83, and the price-to-tangible-book ratio is also 12.83, suggesting that the market is valuing the company's equity at a premium relative to its book value.

    In terms of profitability, the company's return on equity (ROE) is 22.75%, which is a strong indicator of its ability to generate profits from shareholders' equity. The return on assets (ROA) is 14.51%, indicating that the company is effectively using its assets to generate earnings. The debt-to-equity ratio is 0.04, which is relatively low, suggesting that the company is not heavily leveraged and has a conservative capital structure.

    The company's revenue is concentrated in a single business segment, as no specific segments are disclosed in the available data. There is no detailed geographic breakdown provided, but the company's operations are likely centered in its home market, given the lack of international revenue disclosures.

    The company's growth trajectory is not clearly defined in the available data, as there are no specific revenue growth projections or historical growth rates provided. The company's free cash flow is $7,476,120, and its capital expenditure is -$1,898,900, indicating that the company is generating positive cash flow and is not investing heavily in new capital projects.

    The risk assessment indicates that the company has a low dilution risk, with no significant dilution sources identified in the available data. The company's liquidity risk is medium, and the risk assessment highlights that the company has a negative net cash position after subtracting total debt, which could affect its ability to meet short-term obligations. The company's valuation is supported by a price-to-earnings ratio of 56.38 and an enterprise value-to-EBITDA ratio of 46.20, which are both relatively high, suggesting that the market is valuing the company at a premium.

    Recent events and filings do not provide specific details on the company's recent activities or strategic initiatives. The company's financial performance is based on the latest available data, and there are no significant changes in the company's operations or financial position that have been disclosed.

    Key takeaways
    • The company has a strong liquidity position with a current ratio of 2.69.
    • The company's return on equity is 22.75%, indicating strong profitability.
    • The company's debt-to-equity ratio is 0.04, suggesting a conservative capital structure.
    • The company's valuation is supported by a price-to-earnings ratio of 56.38 and an enterprise value-to-EBITDA ratio of 46.20.
    • The company has a low dilution risk and a medium liquidity risk.
    • The company's revenue is concentrated in a single business segment, with no detailed geographic breakdown provided.

    Bull / Bear case

    analysis pipeline
    — missing data

    In focus — financials by report

    Valuation

    Market price
    HK$1,40
    Market cap
    HK$894.7M
    Enterprise valueⓘ
    HK$897.7M
    P/Eⓘ
    —
    Non-GAAP P/Eⓘ
    —
    EV / Revenueⓘ
    —
    EV / Op incomeⓘ
    —
    EV / OCFⓘ
    47.7x
    P / Bⓘ
    12.8x
    P / Tangible bookⓘ
    12.8x
    Tangible book
    HK$69.7M
    Net cashⓘ
    -HK$3.0M
    Current ratioⓘ
    2.7
    Debt / equityⓘ
    0.0
    ROAⓘ
    14.5%
    ROEⓘ
    22.8%
    Cash conversionⓘ
    119.0%
    CapEx / revenueⓘ
    -0.9%
    SBC / revenueⓘ
    —
    Dilution ratioⓘ
    0.0%

    Revenue by segment

    Market share

    — missing data

    Business relationships

    — missing data

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Predictor forecast

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    — missing data

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskLow
    Liquidity riskMedium
    Filing-based flags
    • Net cash is negative after subtracting total debt.

    Benchmarks vs cohort

    Op Margin9,7 %Above P75
    Net Margin7,9 %Above P75
    ROE22,8 %Best in class
    Capex / Rev-0,9 %Above median
    D/E0,04Above P75
    Cash Conv1,19Above median

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    How metrics are computed
    • Ev To Operating Cash Flow
      enterprise_value / operating_cash_flow
    • Return On Equity
      net_income / total_equity
    • Price To Earnings
      market_price / (net_income / shares_outstanding_diluted)
    • Price To Book
      market_price / (adjusted_book_value / shares_outstanding_diluted)
    • Dilution Ratio
      (shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
    • Market Price
      input from market-data provider (delayed close or quote-shim mid)
    Source documents
    • 1346.HK Market data — financials · 2026-05-26
    • Lever Style Corp Market data — analyst estimates · 2026-05-26

    Ownership & reference

    Leadership

    • Stanley SzetoExecutive Chairman of the Board

    Insider activity

    — missing data

    Short positioning

    — missing data

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    1346.HKCanonical
    HKEX · HKD

    Intel & risk

    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskMedium
    Net cash is negative after subtracting total debt.

    Evidence & claims

    From filings & derived data
    — missing data

    The Thread

    Everything we know, in order
    — missing data
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage