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New Century Group Hong Kong Limited
(0234)
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Rating:54Neutral
Price Target:
HK$0.04
â–²(30.00% Upside)
Action:Reiterated
Date:10/14/26
The score is held back primarily by weak and volatile profitability with contracting revenue (negative earnings and negative P/E). Offsetting this is a conservatively levered balance sheet and improved recent cash generation, while technicals are supportive but appear stretched after a strong move above major moving averages.
Positive Factors
Conservative Balance Sheet
Very low leverage reduces refinancing pressure and preserves financial flexibility through weaker operating periods. Stable equity provides a resilience buffer, allowing the company more capacity to manage volatility and fund operations without relying heavily on additional borrowing.
Negative Factors
Revenue Contraction
Multi-year revenue contraction weakens earnings visibility and suggests the company is not consistently expanding its business base. Continued top-line decline can reduce operating leverage, limit reinvestment capacity, and make recovery dependent on reversing an established downward trend.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Very low leverage reduces refinancing pressure and preserves financial flexibility through weaker operating periods. Stable equity provides a resilience buffer, allowing the company more capacity to manage volatility and fund operations without relying heavily on additional borrowing.
Read all positive factors
New Century Group Hong Kong Limited (0234) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$213.87M
Dividend Yield2.44%
Average Volume (3M)3.15M
Price to Earnings (P/E)―
Beta (1Y)0.35
Revenue Growth-24.44%
EPS Growth48.96%
CountryHK
Employees30
SectorFinancial
Sector Strength70
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding5,780,368,700
10 Day Avg. Volume1,867,562
30 Day Avg. Volume3,150,857
Financial Highlights & Ratios
PEG Ratio0.13
Price to Book (P/B)0.12
Price to Sales (P/S)2.28
P/FCF Ratio0.62
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
New Century Group Hong Kong Limited Business Overview & Revenue Model
Company Description
New Century Group Hong Kong Limited, an investment holding company, engages in money lending, property investment, and securities trading business in Hong Kong and Southeast Asia. It offers mortgage and unsecured personal loans; invests in office ...
New Century Group Hong Kong Limited Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
78
Positive
Cash Flow
67
Positive
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 81.08M | 86.12M | 88.22M | 80.07M | 80.74M |
| Gross Profit | 70.55M | 86.12M | 88.22M | 77.27M | 72.96M |
| EBITDA | -14.91M | 13.93M | 34.73M | 47.42M | 54.65M |
| Net Income | -28.46M | -55.66M | 22.41M | -36.87M | -1.50M |
Balance Sheet | |||||
| Total Assets | 1.82B | 1.99B | 2.04B | 2.08B | 2.07B |
| Cash, Cash Equivalents and Short-Term Investments | 819.70M | 693.63M | 533.63M | 456.01M | 481.62M |
| Total Debt | 73.00K | 156.00K | 24.09M | 71.89M | 72.03M |
| Total Liabilities | 32.54M | 109.47M | 134.26M | 201.90M | 153.28M |
| Stockholders Equity | 1.49B | 1.51B | 1.56B | 1.55B | 1.58B |
Cash Flow | |||||
| Free Cash Flow | 296.74M | 163.99M | 65.58M | 14.37M | -40.47M |
| Operating Cash Flow | 296.74M | 164.01M | 66.21M | 21.78M | -40.17M |
| Investing Cash Flow | -5.55M | 146.97M | -130.55M | 24.57M | -3.86M |
| Financing Cash Flow | -160.12M | -13.00K | -47.81M | 39.87M | -40.19M |
New Century Group Hong Kong Limited Technical Analysis
Positive
0.03
Price Trends
0.04
Positive
0.03
Positive
0.03
Positive
Market Momentum
<0.01
Positive
51.48
Neutral
30.77
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0234, the sentiment is Positive. The current price of 0.03 is below the 20-day moving average (MA) of 0.04, below the 50-day MA of 0.04, and below the 200-day MA of 0.03, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 51.48 is Neutral, neither overbought nor oversold. The STOCH value of 30.77 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0234.
New Century Group Hong Kong Limited Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | HK$2.32B | 6.08 | 6.09% | 18.05% | 0.34% | 40.53% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
56 Neutral | HK$1.02B | -4.14 | -5.52% | 9.09% | -18.78% | 42.15% | |
54 Neutral | HK$213.87M | -7.55 | -1.91% | 2.44% | -24.44% | 48.96% | |
53 Neutral | HK$540.86M | -75.00 | -0.68% | 14.89% | -23.66% | -152.03% | |
50 Neutral | HK$175.00M | -28.23 | -36.67% | 92.02% | 1.90% | 11.43% | |
44 Neutral | HK$215.78M | -0.91 | -14.23% | 1.22% | 4.04% | -16.43% |
* Financial Sector Average
HK:0234
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New Century Group Hong Kong Limited Corporate Events
New Century Group Updates Board and Governance Committee Structure
Oct 2, 2026
New Century Group Hong Kong Limited has refreshed its board composition and clarified roles and functions effective 1 October 2026, naming Ng Wee Keat as chairman and Ng Siew Lang, Linda as chief operating officer alongside other executive directo...
New Century Group Overhauls Board, Names New CEO
Sep 30, 2026
New Century Group Hong Kong Limited announced extensive board and leadership changes effective 1 October 2026, reassigning long-time executive director and deputy chairman Ms. Sio Ion Kuan to the role of chief executive officer. The move is intend...
New Century Group Wins Strong Shareholder Backing at 2026 AGM
Sep 16, 2026
Shareholders of New Century Group Hong Kong Limited unanimously approved all resolutions at the annual general meeting held on 16 September 2026, covering the receipt of audited financial statements, re-election of four directors and authorisation...
New Century Group Refinances HK$23.2 Million Mortgage Loan via ETC Finance
Aug 7, 2026
New Century Group Hong Kong Limited has disclosed that its indirect non-wholly owned subsidiary ETC Finance has entered into a new mortgage loan agreement with existing customers dated 7 August 2026. The new facility provides HK$23.2 million for 1...
New Century Group Updates Bermuda Registered Office and Maintains Hong Kong Share Registrar
Jul 30, 2026
New Century Group Hong Kong Limited has announced that its registered office and principal share registrar and transfer office in Bermuda will be relocated to Richmond House, 12 Par-la-Ville Road, Hamilton HM 08, with effect from 3 August 2026. Th...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.