Handelsavisen
prelaunch
Companies ›Financials ›3938.HK
39
3938.HK — HKEX Investment Banking & Brokerage Services

LFG Investment Holdings Ltd

HK$3,66
Open in Charts → Attach watcher ⌖
— —
HKD
Set alert
Last 30 days
1D5D1M3M6MYTD1Y5YMax
Live price chart loads from the market-data widget.
Mcap
1,8B HKD
P/E
—
EV / Rev
—
Div yield
0,00 %
Op margin
-130,3 %
ROE
-35,6 %
Net margin
-139,0 %
Debt / equity
0,22
Beta
—
52w range
—
Volume
—
Day range
—
Prev close
—
Open
—
Next earnings
—
Ex-dividend
—
TR 1Y
—
About

LFG Investment Holdings Ltd operates in the investment banking and brokerage services sector, providing financial services to clients in capital markets.

Business. LFG Investment Holdings Ltd (3938.HK) is a financial services company operating in the investment banking and brokerage services industry. The firm generates revenue primarily through fee-based activities within the banking and investment services sector. It is listed on the Hong Kong Stock Exchange. Specific details regarding operating segments and geographic presence are not provided.

Classification92 %
SectorFinancials
Business sectorBanking & Investment Services
IndustryInvestment Banking & Brokerage Services
ActivityBanking & Investment Services
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→
-35,6 %
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 3938.

    • 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+0,4 %+7,6 %−0,2 %
    Financials · THIS SECTOR−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 3938.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

    LFG Investment Holdings Ltd (3938.HK) is a financial services company operating in the investment banking and brokerage services industry. The firm generates revenue primarily through fee-based activities within the banking and investment services sector. It is listed on the Hong Kong Stock Exchange. Specific details regarding operating segments and geographic presence are not provided.

    Classification92 %
    SectorFinancials
    Business sectorBanking & Investment Services
    IndustryInvestment Banking & Brokerage Services
    ActivityBanking & Investment Services
    AI synthesis
    GENERATED

    LFG Investment Holdings Ltd has a market capitalization of HKD 1.8 billion and a price-to-book ratio of 18.32, indicating a premium valuation relative to its book value. The company's liquidity position is characterized by a current ratio of 1.62, suggesting it has sufficient short-term assets to cover its liabilities. However, the company's net cash position is negative after subtracting total debt, signaling potential liquidity constraints.

    The company's profitability metrics are weak, with a return on equity (ROE) of -35.56% and a return on assets (ROA) of -13.78%, both significantly below the industry median for investment banking and brokerage services. The negative net income of HKD 34.997 million and operating loss of HKD 32.798 million further underscore the company's unprofitable performance.

    LFG Investment Holdings Ltd's revenue is concentrated in a single business segment, with no disclosed geographic diversification in the latest financial report. This lack of diversification increases the company's exposure to market-specific risks and could limit its ability to grow through new markets or product lines.

    The company's growth trajectory is uncertain, with no disclosed revenue growth in the latest period and a negative operating cash flow of HKD 33.138 million. The capital expenditure of HKD 1.171 million is minimal, suggesting limited investment in long-term growth initiatives.

    The company's risk profile is marked by a medium liquidity risk and a low dilution risk. The negative net cash position after subtracting total debt raises concerns about its ability to meet short-term obligations without external financing. The valuation adjustments applied in the custom valuations reflect the company's weak financial performance and high valuation multiples.

    Recent filings and transcripts do not indicate any material events that would significantly alter the company's financial outlook. The company's financial performance and risk profile remain consistent with the latest available data.

    Key takeaways
    • LFG Investment Holdings Ltd is trading at a high price-to-book ratio of 18.32, indicating a premium valuation relative to its book value.
    • The company's return on equity is -35.56%, significantly below the industry median for investment banking and brokerage services.
    • LFG Investment Holdings Ltd has a negative net cash position after subtracting total debt, signaling potential liquidity constraints.
    • The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification.
    • The company's growth trajectory is uncertain, with no disclosed revenue growth in the latest period and a negative operating cash flow.

    Bull / Bear case

    Generated · model-assisted
    — missing data

    In focus — financials by report

    Valuation

    Market price
    HK$3,66
    Market cap
    HK$1.80B
    Enterprise valueⓘ
    HK$1.83B
    P/Eⓘ
    —
    Non-GAAP P/Eⓘ
    —
    EV / Revenueⓘ
    —
    EV / Op incomeⓘ
    —
    EV / OCFⓘ
    55.1x
    P / Bⓘ
    18.3x
    P / Tangible bookⓘ
    18.3x
    Tangible book
    HK$98.4M
    Net cashⓘ
    -HK$21.6M
    Current ratioⓘ
    1.6
    Debt / equityⓘ
    0.2
    ROAⓘ
    -13.8%
    ROEⓘ
    -35.6%
    Cash conversionⓘ
    -95.0%
    CapEx / revenueⓘ
    -4.7%
    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-130,3 %Bottom quartile
    Net Margin-139,0 %Bottom quartile
    ROE-35,6 %Bottom quartile
    Capex / Rev-4,7 %Bottom quartile
    D/E0,22Above median
    Cash Conv-0,95Below 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 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
    Source documents
    • LFG Investment Holdings Ltd Market data — financials · 2026-05-26

    Ownership & reference

    Insider activity

    — missing data

    Short positioning

    — missing data

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    3938.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