3396:HKEXLegend Holdings Corporation Class H Analysis

Felissimo Corp trades at ¥872, comfortably above its 20‑day (¥866.85), 50‑day (¥867.98) and 200‑day (¥853.30) moving averages, while a bullish MACD (positive line and histogram) and a neutral‑to‑slightly‑positive RSI (55) suggest short‑term upside potential. However, volume is on a downtrend and the 30‑day volatility sits at ~12.7%, indicating a modest risk of price swings. Fundamentally, the company shows a modest 1% revenue growth, solid gross margins (54.5%), but a razor‑thin operating margin and low ROE (~3%). The balance sheet is strong with zero debt and ¥9.38 bn of cash, and the dividend yield of 2.29% is backed by a comfortable payout ratio (~28%). Valuation metrics – a PE of 16.5 and a price‑to‑book of 0.32 – point to the stock being undervalued relative to its book value.