Activation Group Holdings Limited (9919.HK)
Shanghai, CN
Activation Group Holdings Limited operates as an investment holding company, delivering comprehensive marketing solutions primarily across Mainland China, Hong Kong, and Singapore. The firm structures its operations into three core segments: Experiential Marketing Services, Digital and Communication Services, and IP Development. Its extensive service portfolio encompasses experiential marketing campaigns, digital and brand communication strategies, public relations, and application development. Furthermore, the company is actively involved in the management and execution of sports events. Established in 2013, Activation Group maintains its headquarters in Shanghai, People's Republic of China.
No mergers or acquisitions recorded for this company.
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| +1.10% | +1.10% | +2.22% | -10.68% | -9.80% | -13.21% | +15.00% | -29.23% | +9.52% | -41.40% | -41.40% |
Revenue flow
Revenue by geography
Revenue by segment
Revenue composition
By product
By geography
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
| Rating | 2025-11 | Change |
|---|---|---|
| Strong Buy | 0 | 0 |
| Buy | 1 | 0 |
| Hold | 0 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
-
Revenue growth Advertising Agencies: +8.1%-16.6% Q4'25: -35.9% (vs Q4'23)
-
EPS growth Advertising Agencies: +38.8%-9.1% Q4'25: -38.0% (vs Q4'23)
-
FCF margin FCF growth · Advertising Agencies: +39.2%-2.7% Q4'25: +7.1% (vs Q4'23)
-
EBIT margin Advertising Agencies: +7.9%+11.6% ★ Q4'25: +8.3% (vs Q4'23)
-
ROIC Advertising Agencies: +6.8%+88.4% ★ Q4'25: +161.8% (vs Q4'23)
-
Share dilution Advertising Agencies: +0.0%+0.0% Q4'25: +1.4% (vs Q4'23)
-
Debt / EBITDA Net debt/EBITDA · Advertising Agencies: -1.31×0.10× ★ Q4'25: 0.06× (vs Q4'23)
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
| Metric |
Dec 2021 actual |
Dec 2022 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 1 Rev. Ana. 1 EPS Ana. |
Dec 2027 1 Rev. Ana. 1 EPS Ana. |
|---|---|---|---|---|---|---|---|
| Revenue |
904.06M
est: 1.17B (-23.0%)
|
694.81M
est: 753.93M (-7.8%)
|
967.23M
est: 1.01B (-4.4%)
|
847.75M
est: 946.65M (-10.4%)
|
707.40M
est: 908.62M (-22.1%)
|
1.07B
1.07B – 1.07B
+17.5% YoY
|
1.20B
1.20B – 1.20B
+12.8% YoY
|
| EBITDA |
137.21M
est: 141.28M (-2.9%)
|
42.03M
est: 90.68M (-53.7%)
|
170.39M
est: 121.74M (+40.0%)
|
125.65M
est: 124.05M (+1.3%)
|
83.88M
est: 119.07M (-29.6%)
|
139.85M
139.85M – 139.85M
+17.5% YoY
|
157.79M
157.79M – 157.79M
+12.8% YoY
|
| EBIT |
136.40M
est: 137.27M (-0.6%)
|
39.97M
est: 88.11M (-54.6%)
|
165.20M
est: 118.29M (+39.7%)
|
120.55M
est: 120.62M (-0.1%)
|
81.84M
est: 115.77M (-29.3%)
|
135.98M
135.98M – 135.98M
+17.5% YoY
|
153.42M
153.42M – 153.42M
+12.8% YoY
|
| Net Income |
92.49M
est: 69.37M (+33.3%)
|
23.63M
est: 56.33M (-58.0%)
|
107.99M
est: 118.59M (-8.9%)
|
79.24M
est: 111.59M (-29.0%)
|
76.00M
est: 89.83M (-15.4%)
|
115.80M
115.80M – 115.80M
+28.9% YoY
|
134.87M
134.87M – 134.87M
+16.5% YoY
|
| SGA |
128.50M
est: 210.84M (-39.1%)
|
152.12M
est: 135.34M (+12.4%)
|
145.13M
est: 181.69M (-20.1%)
|
137.58M
est: 157.98M (-12.9%)
|
113.88M
est: 151.63M (-24.9%)
|
178.10M
178.10M – 178.10M
+17.5% YoY
|
200.94M
200.94M – 200.94M
+12.8% YoY
|
| EPS |
0.13
est: 0.09 (+39.4%)
|
0.03
est: 0.08 (-57.6%)
|
0.15
est: 0.16 (-5.9%)
|
0.11
est: 0.15 (-26.6%)
|
0.10
est: 0.12 (-17.2%)
|
0.16
0.16 – 0.16
+28.9% YoY
|
0.18
0.18 – 0.18
+16.5% YoY
|
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-29 | A+ | 4/5 | 5/5 | 5/5 | 5/5 | 4/5 | 3/5 | 2/5 |
| 2026-05-28 | A+ | 4/5 | 5/5 | 5/5 | 5/5 | 4/5 | 3/5 | 2/5 |
| 2026-05-27 | A+ | 4/5 | 5/5 | 5/5 | 5/5 | 4/5 | 3/5 | 2/5 |
| 2026-05-26 | A+ | 4/5 | 5/5 | 5/5 | 5/5 | 4/5 | 3/5 | 2/5 |
| 2026-05-22 | A+ | 4/5 | 5/5 | 5/5 | 5/5 | 4/5 | 3/5 | 2/5 |
| 2026-05-20 | A+ | 4/5 | 5/5 | 5/5 | 5/5 | 4/5 | 3/5 | 2/5 |
| 2026-05-18 | A+ | 4/5 | 5/5 | 5/5 | 5/5 | 4/5 | 3/5 | 2/5 |
| 2026-05-14 | A | 4/5 | 5/5 | 5/5 | 5/5 | 3/5 | 3/5 | 2/5 |
| 2026-05-13 | A+ | 4/5 | 5/5 | 5/5 | 5/5 | 3/5 | 3/5 | 3/5 |
| 2026-05-12 | A+ | 4/5 | 5/5 | 5/5 | 5/5 | 3/5 | 3/5 | 3/5 |
| 2026-05-11 | A+ | 4/5 | 5/5 | 5/5 | 5/5 | 3/5 | 3/5 | 3/5 |
| 2026-05-08 | A+ | 4/5 | 5/5 | 5/5 | 5/5 | 3/5 | 3/5 | 3/5 |
| 2026-05-07 | A+ | 4/5 | 5/5 | 5/5 | 5/5 | 3/5 | 3/5 | 3/5 |
| 2026-05-06 | A+ | 4/5 | 5/5 | 5/5 | 5/5 | 3/5 | 3/5 | 3/5 |
| 2026-05-05 | A+ | 4/5 | 5/5 | 5/5 | 5/5 | 3/5 | 3/5 | 3/5 |
| 2026-05-04 | A+ | 4/5 | 5/5 | 5/5 | 5/5 | 3/5 | 3/5 | 3/5 |
| 2026-04-30 | A+ | 4/5 | 5/5 | 5/5 | 5/5 | 3/5 | 3/5 | 3/5 |
| 2026-04-28 | A+ | 4/5 | 5/5 | 5/5 | 5/5 | 3/5 | 3/5 | 3/5 |
| 2026-04-27 | A | 4/5 | 5/5 | 5/5 | 5/5 | 3/5 | 3/5 | 2/5 |
| 2026-04-24 | A | 4/5 | 5/5 | 5/5 | 5/5 | 3/5 | 3/5 | 2/5 |
| 2026-04-23 | A | 4/5 | 5/5 | 5/5 | 5/5 | 3/5 | 3/5 | 2/5 |
| 2026-04-22 | A | 4/5 | 5/5 | 5/5 | 5/5 | 3/5 | 3/5 | 2/5 |
| 2026-04-21 | A | 4/5 | 5/5 | 5/5 | 5/5 | 3/5 | 3/5 | 2/5 |
| 2026-04-20 | A | 4/5 | 5/5 | 5/5 | 5/5 | 3/5 | 3/5 | 2/5 |
| 2026-04-17 | A | 4/5 | 5/5 | 5/5 | 5/5 | 3/5 | 3/5 | 2/5 |
| 2026-04-16 | A | 4/5 | 5/5 | 5/5 | 5/5 | 3/5 | 3/5 | 2/5 |
Owner Earnings
Ownership Overview
Ownership breakdown not available.
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional history not available.
Top holders not available.
ETF Ownership
This company is not held by any ETF in our universe.
Insider Activity
No insider activity available.
Insider history not available.
No recent insider transactions.
Executive team
Executive compensation
Executive compensation not available.
No CEO compensation history available.
Proxy statements
No proxy statements available for this company yet.
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Wai Bun Chan | Group VP, Co-COO & Executive Director | 3M | male |
| Wei Mun Low | Group VP, Co-COO & Executive Director | 3M | female |
| Ben Chan | Group VP, Co-COO & Executive Director | 3M | male |
| Christine Low | Group VP, Co-COO & Executive Director | 3M | female |
| Kam Yiu Lau | Joint Chairman & Chief Executive Officer | 3M | male |
| Bo Sing Ng | Joint-Chairman & Chief Financial Officer | 2M | male |
| Yifeng Bao | GM of Shanghai Aidi Linjie Cultural Development Co., Ltd. | — | male |
| Kwok Chun | Company Secretary | — | male |
| Qi Zhou | Manager for Digital Marketing & Public Relations | — | female |
| Wai Tong Choi | GM of Shanghai Fansi Advertising Co., Limited | — | male |
No data available for this company.
No Senate trading activity found for this company.
No House trading activity found for this company.
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Community Opinion for 9919.HK
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

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