Handelsavisen
prelaunch
Companies ›Consumer Cyclicals ›3398.HK
33
3398.HK — HKEX Apparel & Accessories

3398.Hk

HK$0,11
Open in Charts → Attach watcher ⌖
— —
HKD
Set alert
Last 30 days
1D5D1M3M6MYTD1Y5YMax
Live price chart loads from the market-data widget.
Mcap
235,2M HKD
P/E
—
EV / Rev
—
Div yield
—
Op margin
-11,2 %
ROE
-9,3 %
Net margin
-8,6 %
Debt / equity
0,53
Beta
—
52w range
—
Volume
—
Day range
—
Prev close
—
Open
—
Next earnings
—
Ex-dividend
—
TR 1Y
—
About

3398.HK operates in the Apparel & Accessories industry, manufacturing and selling clothing and related accessories to consumers.

Business. 3398.HK operates in the Apparel & Accessories industry, manufacturing and selling clothing and related accessories to consumers.

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→
-9,3 %
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 3398.

    • 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 3398.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

    3398.HK operates in the Apparel & Accessories industry, manufacturing and selling clothing and related accessories to consumers.

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

    The company's capital structure is characterized by a high debt-to-equity ratio of 0.53, indicating a moderate reliance on debt financing. Its liquidity position is weak, with a current ratio of 0.96 and only HKD 178.9 million in cash and equivalents, which is significantly lower than its long-term debt of HKD 808.4 million. The price-to-book ratio of 0.14 suggests that the company is trading at a substantial discount to its book value, reflecting poor investor sentiment or financial distress.

    Profitability is a major concern, as the company reported a net loss of HKD 140.6 million and an operating loss of HKD 182.4 million. The return on equity (ROE) is negative at -9.29%, and the return on assets (ROA) is also negative at -4.3%. These figures are far below the industry median for profitability metrics, indicating that the company is underperforming relative to its peers.

    The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases the risk of revenue volatility due to regional economic shifts or supply chain disruptions. The absence of segment or geographic breakdown in the financial data limits the ability to assess the company's exposure to different markets.

    The company's growth trajectory is negative, with a net loss in the most recent fiscal year. Analyst estimates suggest a revenue of HKD 2.47 billion, but the company's operating performance remains a concern. The outlook for the next fiscal year is uncertain, with no clear indication of a turnaround in profitability or revenue growth.

    The company faces several risk factors, including liquidity constraints and a high debt burden. The risk assessment indicates a medium liquidity risk and a low dilution risk. The company's net cash position is negative after subtracting total debt, which could lead to financial distress if not addressed. The absence of a significant dilution risk suggests that the company is not likely to issue additional shares in the near term.

    Recent events, such as the company's financial performance and market conditions, have contributed to its current valuation and risk profile. The company's stock price is at HKD 0.1, and its market capitalization is HKD 209.98 million, reflecting a low investor confidence. The company's financial statements and disclosures provide limited insight into its strategic direction and operational improvements.

    Key takeaways
    • The company is trading at a significant discount to its book value, with a price-to-book ratio of 0.14.
    • The company is experiencing a net loss, with a return on equity of -9.29% and a return on assets of -4.3%.
    • The company's liquidity position is weak, with a current ratio of 0.96 and a negative net cash position.
    • The company's growth trajectory is negative, with no clear indication of a turnaround in profitability or revenue growth.
    • The company faces liquidity and debt-related risks, but the dilution risk is low.

    Bull / Bear case

    analysis pipeline
    — missing data

    In focus — financials by report

    Valuation

    Market price
    HK$0,11
    Market cap
    HK$210.0M
    Enterprise valueⓘ
    HK$839.4M
    P/Eⓘ
    —
    Non-GAAP P/Eⓘ
    —
    EV / Revenueⓘ
    —
    EV / Op incomeⓘ
    —
    EV / OCFⓘ
    —
    P / Bⓘ
    0.1x
    P / Tangible bookⓘ
    0.1x
    Tangible book
    HK$1.51B
    Net cashⓘ
    -HK$629.4M
    Current ratioⓘ
    1.0
    Debt / equityⓘ
    0.5
    ROAⓘ
    -4.3%
    ROEⓘ
    -9.3%
    Cash conversionⓘ
    —
    CapEx / revenueⓘ
    —
    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 Margin-11,2 %Bottom quartile
    Net Margin-8,6 %Bottom quartile
    ROE-9,3 %Bottom quartile
    D/E0,53Below 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
    • Return On Equity
      net_income / total_equity
    • 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)
    • Market Cap
      market_price * shares_outstanding_diluted
    • Ev To Revenue
      enterprise_value / revenue
    Source documents
    • 3398.HK Market data — financials · 2026-05-26
    • China Ting Group Holdings Ltd Market data — analyst estimates · 2026-05-26

    Ownership & reference

    Leadership

    • Hung Yi TingChief Executive Officer, Executive Director
    • Man Yi TingExecutive 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
    3398.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