China Strategic Holdings Ltd (0235) Fair Value & Analysis

Financial Services · HK · Market cap HK$428M (≈ $54.6M) · ISIN HK0235034623

What is China Strategic Holdings Ltd really worth?

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

What matters now

• The price is below even our cautious bear case (HK$0.0340). The market is more pessimistic than our downside scenario.
• The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
• Solid quality (58/100) at a price below fair value, the discount is the argument here, not the business quality.
• The models converge in a tight band (HK$0.0340 to HK$0.0360), unusually little disagreement for a valuation.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 26, 2026.

How to read this chart

60‑month range HK$0.0180 – HK$0.1380 · fair‑value band HK$0.0340 – HK$0.0360 · the HK$0.0200 price screens below the HK$0.0360 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 26, 2026.

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Analysis

China Strategic Holdings Ltd (0235) currently trades at HK$0.0200, while our model-based Fair Value estimate is HK$0.0360, implying the stock looks roughly 44.4% undervalued today. The Quality Score stands at 58/100 (solid quality), in the Financial Services sector. Bull case: the Growth DCF group reads highest at a median of HK$0.2600 per share, and 9 of the 9 models we run sit above the HK$0.0200 price. Bear case: the Asset-Based group reads lowest at HK$0.0700, and 0 of the 9 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, China Strategic Holdings Ltd generated revenue of HK$36.1M at a net margin of −36.7%. Revenue declined 64.8% year over year. It earns a return on equity of −0.6%. The balance sheet holds a net cash position of HK$1.9B. Fundamentals as of Aug 26, 2026

Our scenario range runs from HK$0.0340 (bear case) to HK$0.0360 (bull case); at HK$0.0200, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 53% below its 52-week high and 5% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at −48% fair-value upside, at 80%, 0235 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Widest divergence: Growth DCF (HK$0.2600) versus Asset-Based (HK$0.0700). Highest evidence: FCF DCF (82).

Key figures & financial health

Quality Score breakdown

About the company

CSC Holdings Limited, an investment holding company, engages in the money lending, investment in securities, trading, and securities brokerage business in Hong Kong. It also trades in electronic components, including LCD panels; and invests in various securities, including listed equity shares, equity linked notes, equity convertible notes, and bonds.

Full company description

CSC Holdings Limited, an investment holding company, engages in the money lending, investment in securities, trading, and securities brokerage business in Hong Kong. It also trades in electronic components, including LCD panels; and invests in various securities, including listed equity shares, equity linked notes, equity convertible notes, and bonds. The company provides structured collateralized loans, and mortgage and personal loans; securities brokerage, margin financing, and placing and underwriting services; and asset management, advisory, and management services. Further, it engages in the procurement and supply of metal minerals and coke products. The company was formerly known as China Strategic Holdings Limited and changed its name to CSC Holdings Limited in November 2022. CSC Holdings Limited was incorporated in 1972 and is based in Wan Chai, Hong Kong.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

China Strategic Holdings Ltd reported revenue of HK$59.8M in FY2025 versus −HK$3.3B in FY2021. Reported net income was −HK$13.3M in FY2025.

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Peer Group

Credit Services · 325 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Valuation Multiples vs Credit Services median · lower = cheaper

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

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