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New Century Group Hong Kong Limited
(0234)
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Rating:49Neutral
Price Target:
HK$0.03
â–²(13.33% Upside)
Action:Reiterated
Date:08/06/26
The score is held down primarily by contracting revenue and a return to sizable losses in 2025–2026, which reduces earnings quality and visibility. Balance-sheet conservatism and strong recent free cash flow provide support, but the sustainability of cash generation versus reported losses is a key concern. Technical indicators are broadly neutral, while valuation is difficult to assess due to negative earnings and no indicated dividend yield.
Positive Factors
Conservative leverage
Extremely low debt relative to equity reduces refinancing pressure and financial risk across the period. This conservative structure gives the company greater capacity to absorb operating volatility and preserve funding flexibility during a weak earnings cycle.
Negative Factors
Contracting revenue
Several years of revenue contraction, culminating in a steep 2026 decline, signals weakening business scale and reduced earnings visibility. Continued top-line pressure can limit operating leverage, constrain investment capacity, and make a durable recovery harder to establish.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative leverage
Extremely low debt relative to equity reduces refinancing pressure and financial risk across the period. This conservative structure gives the company greater capacity to absorb operating volatility and preserve funding flexibility during a weak earnings cycle.
Read all positive factors
New Century Group Hong Kong Limited (0234) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$196.53M
Dividend Yield2.44%
Average Volume (3M)2.86M
Price to Earnings (P/E)―
Beta (1Y)0.48
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. Volume4,576,910
30 Day Avg. Volume2,859,838
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
Negative
0.03
Price Trends
0.03
Positive
0.03
Positive
0.03
Negative
Market Momentum
>-0.01
Negative
47.59
Neutral
62.22
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0234, the sentiment is Negative. The current price of 0.03 is below the 20-day moving average (MA) of 0.03, above the 50-day MA of 0.03, and below the 200-day MA of 0.03, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 47.59 is Neutral, neither overbought nor oversold. The STOCH value of 62.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
71 Outperform | HK$1.57B | 4.15 | 6.09% | 26.46% | 0.34% | 40.53% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
56 Neutral | HK$1.03B | -4.26 | -5.52% | 8.82% | -18.78% | 42.15% | |
53 Neutral | HK$533.45M | -73.44 | -0.68% | 14.89% | -23.66% | -152.03% | |
50 Neutral | HK$198.00M | -32.10 | -36.67% | 92.02% | 1.90% | 11.43% | |
49 Neutral | HK$196.53M | -6.94 | -1.91% | 2.44% | -24.44% | 48.96% | |
49 Neutral | HK$185.36M | -0.78 | -14.23% | 1.22% | 4.04% | -16.43% |
* Financial Sector Average
HK:0234
New Century Group Hong Kong Limited
0.03
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New Century Group Hong Kong Limited Corporate Events
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...
New Century Group Moves to Modernise Bye-Laws Ahead of Uncertificated Regime
Jul 13, 2026
New Century Group Hong Kong Limited plans to overhaul its constitutional documents by replacing its existing bye-laws with a new, amended and restated set, subject to shareholder approval at the annual general meeting scheduled for 16 September 20...
New Century Group Sets 2026 AGM to Approve Accounts, Board and Share Mandate
Jul 13, 2026
New Century Group Hong Kong Limited has convened its annual general meeting for 16 September 2026 in Hong Kong, where shareholders will review the audited consolidated financial statements and reports for the year ended 31 March 2026. The meeting ...
New Century Group Unit Grants HK$8.7 Million Secured Mortgage Loan
Jul 9, 2026
New Century Group Hong Kong Limited, via its indirect non-wholly owned subsidiary ETC Finance, has entered into a mortgage loan agreement with two individual customers in Hong Kong. The HK$8.7 million loan, bearing an annual interest rate of 12%, ...
New Century Group unit extends HK$10.7 million secured mortgage loan
Jun 26, 2026
New Century Group Hong Kong Limited’s indirect non-wholly owned subsidiary ETC Finance has agreed to provide a new 12‑month mortgage loan of HK$10.7 million to a customer, secured by a first legal charge over a residential property in ...
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.