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Hong Kong ChaoShang Group Ltd (2322) Fair Value & Analysis

Industrials · HK · Market cap HK$346M

HK Hong Kong ChaoShang Group Ltd 2322 · HK
PriceHK$0.0700
Fair ValueHK$0.1263
Upside+80.4%
Quality43/100
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Weak Growth
Loss-making · -120.3% net margin
Low debt · negative free cash flow
Mixed vs. peers (5/12)
Narrow moat 0/100
Evidence: Low Range HK$0.0789 – HK$0.1737 Share as image

Fair value as of: Aug 13, 2026

From 3 valuation models · updated 3 days ago

Fair value updated Aug 13, 2026, revised from HK$0.1388 to HK$0.1263 (−9.0%) since Aug 5, 2026. Share price −7.9% over the past month.

Below-average quality, screening 80% undervalued on our models.

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What matters now

  • The large discount to fair value meets weak quality (43/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (HK$0.0789). 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.
  • A fairly wide model range (HK$0.0789 to HK$0.1737) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

HK$1.07 HK$0.0690 Fair Value HK$0.1263 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range HK$0.0690 – HK$1.07 · fair‑value band HK$0.0789 – HK$0.1737 · the HK$0.0700 price screens below the HK$0.1263 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Hong Kong ChaoShang Group Ltd (2322) currently trades at HK$0.0700, while our model-based Fair Value estimate is HK$0.1263, implying the stock looks roughly 80.4% undervalued today. The Quality Score stands at 43/100 (below-average quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low), always confirm before acting.

Trailing-twelve-month revenue stands at HK$68.1M. Revenue declined 15.7% year over year. It earns a return on equity of -12.3%. The balance sheet holds a net cash position of HK$58.1M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.0789 (bear case) to HK$0.1737 (bull case); at HK$0.0700, 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. For context, the median of 10 Industrials peers we cover trades at 11% fair-value upside, at 80%, 2322 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted 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.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Gordon GGM HK$0.0900 HK$0.1700 HK$0.2300 70
DDM Multi-Stage HK$0.0900 HK$0.1500 HK$0.1800 61
NCAV (Graham) HK$0.0800 HK$0.1000 HK$0.1600 50
All 3 models by family
Dividend Discount
Gordon GGM HK$0.0900 HK$0.1700 HK$0.2300 70
DDM Multi-Stage HK$0.0900 HK$0.1500 HK$0.1800 61
Asset-Based
NCAV (Graham) HK$0.0800 HK$0.1000 HK$0.1600 50

Widest divergence: Dividend Discount (HK$0.1500) versus Asset-Based (HK$0.1000). Highest evidence: Gordon GGM (70).

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Key figures & financial health

Revenue (TTM) HK$68.1M
Revenue growth (YoY) -15.7%
Net margin -120%
Return on equity -12.3%
Free cash flow −HK$61.7M FY2025
Operating margin -80.8%
More key figures
EPS (TTM) HK$-0.0200
Net cash HK$58.1M FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 43/100

Of which business quality 43 · Market factors (momentum, volatility) 16

Profitability 1
Margins and returns on capital today
Quality Growth 29
Are margins and returns improving?
Cashflow 3
Earnings quality: real cash, not paper profit
Fin. Strength 82
Balance sheet, leverage, solvency risk
Investment 94
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 3
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Modern Innovative Digital Technology Company Limited, an investment holding company, engages in the trading, money lending and factoring, and finance leasing and financial services businesses in the People's Republic of China and Hong Kong.

Full company description

Modern Innovative Digital Technology Company Limited, an investment holding company, engages in the trading, money lending and factoring, and finance leasing and financial services businesses in the People's Republic of China and Hong Kong. The company trades in food, seafood, and electronic products; entrusted, corporate, and personal loan financing; and consultancy and general trading services. It also offers direct leasing and sale-leaseback services primarily machinery and equipment-based finance leases; and securities brokerage, dealing, placing, underwriting, margin financing, and asset management services. In addition, it provides provision of branding, advertising, placement, and marketing services; installation services of renewable energy systems; trading of energy saving products; network support services; digital financing solutions; platform-based technology services; and refinancing of supply chain assets. The company was formerly known as Hong Kong ChaoShang Group Limited and changed its name to Modern Innovative Digital Technology Company Limited in November 2024. Modern Innovative Digital Technology Company Limited was incorporated in 2002 and is headquartered in Wan Chai, Hong Kong.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Hong Kong ChaoShang Group Ltd reported revenue of HK$73.7M in FY2025 versus HK$338M in FY2021, a compound −31.7%/yr. Reported net income was −HK$89.0M in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
HK$73.7M
Latest YoY
−49.2%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−24.2%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−20.9%
Avg. growth/yr (23Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−7.6%
Revenue −31.7%/yr
FY21 HK$338M
FY22 HK$169M
FY23 HK$199M
FY24 HK$145M
FY25 HK$73.7M
Net income
FY21 −HK$23.2M
FY22 −HK$26.8M
FY23 −HK$41.7M
FY24 −HK$87.4M
FY25 −HK$89.0M

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Cite: Fair Value Calculator (2026). "Hong Kong ChaoShang Group Ltd Fair Value". https://www.fairvalue-calculator.com/stock/2322

Peer Group

Conglomerates · 384 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.

Quality Score 43 · Below median
Fair Value upside +86% · Top 25%
Return on assets -7% · Bottom 25%
Net margin (TTM) -120% · Bottom 25%
Operating margin (TTM) -81% · Bottom 25%
Revenue growth -16% · Bottom 25%
Dividend yield (TTM) 14.2% · Top 25%

Valuation Multiples vs Conglomerates median · lower = cheaper

P/B 0.07× · Cheaper than 75% of peers
P/S (TTM) 0.65× · Pricier than median
PEG 0.35× · Cheaper than 75% of peers

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.

VALUE 100 · sector 27
FUTURE 0 · sector 16
PAST 0 · sector 18
HEALTH 100 · sector 88
DIVIDEND 100 · sector 46

Values & ESG

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

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

Is Hong Kong ChaoShang Group Ltd (2322) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$0.1263 versus a price of HK$0.0700, about +80% (undervalued).
What is the fair value of 2322?
Our model-based fair value for Hong Kong ChaoShang Group Ltd is HK$0.1263 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$0.0700.
What is the quality score of 2322?
Hong Kong ChaoShang Group Ltd has a Quality Score of 43/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Hong Kong ChaoShang Group Ltd (2322)?
Hong Kong ChaoShang Group Ltd reported trailing-twelve-month revenue of about HK$68.1M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 2322?
The net profit margin of Hong Kong ChaoShang Group Ltd is about -120.3%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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