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Yuan Heng Gas Holdings Ltd
(0332)
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Rating:39Underperform
Price Target:
HK$0.11
▲(470.00% Upside)
Action:Downgraded
Date:10/31/26
The score is weighed down primarily by weak financial performance (sustained losses, declining revenue, negative equity and high debt), with only a partial offset from improved 2026 cash flow. Technicals add further downside risk as the stock trades below all key moving averages with bearish MACD and low-momentum readings. Valuation metrics provide little support because the company is loss-making (negative P/E) and there is no dividend yield data.
Positive Factors
Improved Cash Generation
The return to positive operating and free cash flow provides a more supportive liquidity profile than in the prior two years. If maintained, internally generated cash could help fund operations and reduce reliance on external financing, although consistency remains important.
Negative Factors
Declining Revenue
Declining revenue indicates weakening sales scale and reduces the operating base available to absorb fixed distribution and administrative costs. Continued contraction could limit purchasing leverage, constrain reinvestment, and make a return to sustainable profitability more difficult over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Cash Generation
The return to positive operating and free cash flow provides a more supportive liquidity profile than in the prior two years. If maintained, internally generated cash could help fund operations and reduce reliance on external financing, although consistency remains important.
Read all positive factors
Yuan Heng Gas Holdings Ltd (0332) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$47.52M
Dividend YieldN/A
Average Volume (3M)101.38K
Price to Earnings (P/E)―
Beta (1Y)-0.28
Revenue Growth-23.24%
EPS Growth91.43%
CountryHK
Employees243
SectorEnergy
Sector Strength52
IndustryOil & Gas Integrated
Share Statistics
EPS (TTM)-0.48
Shares Outstanding392,731,050
10 Day Avg. Volume52,085
30 Day Avg. Volume101,383
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)-0.08
Price to Sales (P/S)0.18
P/FCF Ratio12.98
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
Yuan Heng Gas Holdings Ltd Business Overview & Revenue Model
Company Description
Yuan Heng Gas Holdings Limited functions as an investment holding entity primarily involved in the commerce of petroleum and natural gas products, alongside offering associated advisory services across mainland China, Hong Kong, and Singapore. Its...
How the Company Makes Money
The company primarily makes money by selling LPG and related gas products to customers. Revenue is generated from (i) the trading, sale, and distribution of LPG, where earnings depend on sales volume and the spread between procurement costs (e.g.,...
Yuan Heng Gas Holdings Ltd Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
12
Very Negative
Cash Flow
34
Negative
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 587.62M | 807.82M | 4.97B | 1.95B | 2.37B |
| Gross Profit | 43.17M | 44.04M | 76.73M | 167.07M | 227.45M |
| EBITDA | -12.32M | -1.86B | -56.69M | 134.40M | 273.69M |
| Net Income | -153.15M | -1.92B | -164.91M | 27.39M | 64.39M |
Balance Sheet | |||||
| Total Assets | 1.87B | 1.70B | 3.29B | 3.81B | 3.43B |
| Cash, Cash Equivalents and Short-Term Investments | 7.63M | 10.50M | 10.69M | 78.18M | 129.68M |
| Total Debt | 1.29B | 1.30B | 1.37B | 1.28B | 1.12B |
| Total Liabilities | 3.12B | 2.78B | 1.98B | 2.32B | 1.92B |
| Stockholders Equity | -1.25B | -1.09B | 1.23B | 1.39B | 1.37B |
Cash Flow | |||||
| Free Cash Flow | 7.99M | -8.71M | -413.55M | 83.26M | 243.62M |
| Operating Cash Flow | 11.23M | -7.44M | -406.39M | 116.02M | 276.36M |
| Investing Cash Flow | 3.50M | -330.00K | 308.51M | -252.71M | -35.61M |
| Financing Cash Flow | -18.21M | 5.32M | 35.86M | 86.27M | -163.86M |
Yuan Heng Gas Holdings Ltd Technical Analysis
Negative
0.02
Price Trends
0.16
Negative
0.19
Negative
0.28
Negative
Market Momentum
>-0.01
Positive
25.60
Positive
16.27
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0332, the sentiment is Negative. The current price of 0.02 is below the 20-day moving average (MA) of 0.16, below the 50-day MA of 0.16, and below the 200-day MA of 0.28, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 25.60 is Positive, neither overbought nor oversold. The STOCH value of 16.27 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0332.
Yuan Heng Gas Holdings Ltd Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | HK$65.30B | 10.20 | 7.89% | 5.14% | 6.16% | -1.61% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
52 Neutral | HK$162.04M | 1.23 | 105.99% | 27.70% | ― | ― | |
50 Neutral | HK$533.89M | 22.60 | 0.62% | 0.98% | -6.95% | -85.71% | |
43 Neutral | HK$102.47M | -3.83 | -69.23% | 0.42% | -5.50% | -67.32% | |
39 Underperform | HK$47.52M | -0.21 | 12.88% | ― | -23.24% | 91.43% |
* Energy Sector Average
HK:0332
Yuan Heng Gas Holdings Ltd
0.12
-0.26
-68.16%
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59.62%
Yuan Heng Gas Holdings Ltd Corporate Events
Yuan Heng Gas Completes Share Placing to Bolster Capital Base
Sep 25, 2026
Yuan Heng Gas Holdings Ltd has completed a placing of new shares under its general mandate, issuing 65,450,000 shares to not fewer than six investors at the agreed placing price. The transaction, finalized on 25 September 2026, strengthens the com...
Yuan Heng Gas Wins Unanimous Shareholder Backing for AGM Resolutions
Sep 23, 2026
Yuan Heng Gas Holdings reported that shareholders approved all resolutions at its 23 September 2026 annual general meeting, including adoption of the audited financial statements for the year ended 31 March 2026. Investors also backed the re-elect...
Yuan Heng Gas Seeks Shareholder Nod to Retain Prism as Auditor at Unchanged Fee
Sep 22, 2026
Yuan Heng Gas Holdings Ltd has issued a supplemental announcement ahead of its 23 September 2026 annual general meeting, clarifying plans for the re-appointment of CLA Prism Hong Kong Ltd as auditor. The board, following the audit committee’...
Yuan Heng Gas Faces Third Audit Disclaimer as Debt Restructuring Efforts Advance
Aug 31, 2026
The Group’s auditors have issued a disclaimer of opinion on its consolidated financial statements for the third consecutive year, citing material uncertainties related to going concern. In response, management has implemented measures to enh...
Yuan Heng Gas Plans HK$10 Million Share Placing to Boost Working Capital
Aug 31, 2026
Yuan Heng Gas Holdings Ltd has entered into a placing agreement with Cheong Lee Securities to issue up to 65,450,000 new shares at HK$0.157 each to at least six independent investors. The deal, conducted on a best-effort basis and subject to listi...
Yuan Heng Gas Says Auditor Rebrands With No Impact on Services
Aug 27, 2026
Yuan Heng Gas Holdings Limited has announced that its external auditor has changed its English name from Prism Hong Kong Limited to CLA Prism Hong Kong Limited, and its Chinese name accordingly, effective 21 August 2026. The company emphasized tha...
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.