2101.HK (2101.HK) Stock Analysis
Verdict: HOLD
Trading below 0.35x P/B with HKD 307M net cash, top-line contraction (revenue -41% off 2023 peak) limits upside without growth revival.
Investment score: 50/100
Fulu Holdings trades at a depressed P/B of 0.32x with HKD 307M net cash backing 78% of its HKD 392M market cap, but ongoing revenue contraction (-41% since 2023) caps immediate re-rating potential.