Mei Ah Entertainment Group Limited (0391) AI Stock Analysis

Mei Ah Entertainment Group Limited

(HKEX:0391)

Select Model

Rating:47Neutral

Price Target:HKD 0.24▼(-1.61% Downside)

Action:reiterated

Date:09/06/26

Weak financial performance from persistent losses, declining equity, and negative cash flows is the dominant factor. This is partially offset by strong technical momentum with price above moving averages and positive MACD, while negative P/E limits valuation appeal.

Positive Factors

Revenue ReboundThe FY2026 revenue rebound shows that Mei Ah retained the ability to restore top-line activity after a period of weakness. If this recovery persists, a larger revenue base could improve operating leverage and provide more content monetization opportunities over the next several quarters.

Negative Factors

Persistent LossesRepeated annual losses show that Mei Ah has not yet established a sustainably profitable operating model. The deeply negative FY2026 net margin means improved revenue and gross margin are still insufficient to cover operating costs, limiting internally funded growth and resilience.

Mei Ah Entertainment Group Limited (0391) vs. iShares MSCI Hong Kong ETF (EWH)

Market Cap: HKD 1.47B
Dividend Yield: ―
Average Volume (3M): 4.40M
Price to Earnings (P/E): -34.9
Beta (1Y): 0.81
Revenue Growth: -10.26%
EPS Growth: 27.08%
Country: Hong Kong
Employees: 97
Sector: Communication Services
Sector Strength: 60
Industry: Entertainment

Mei Ah Entertainment Group Limited Business Overview & Revenue Model

Company Description

Operating as an investment holding company, Mei Ah Entertainment Group Limited primarily engages in the television sector across Hong Kong, mainland China, Taiwan, and other international markets. Its diverse portfolio encompasses the development and...

How the Company Makes Money

Mei Ah Entertainment Group Limited primarily makes money by monetizing entertainment content and related media activities. Key revenue streams typically include income from distributing and licensing film/TV content to third parties (e.g., broadcaste...

Mei Ah Entertainment Group Limited Financial Statement Overview

Summary

Revenue volatility, persistent negative margins, declining assets and equity, increased leverage, and recent negative operating cash flow point to financial instability.

Income Statement

20Very Negative

Balance Sheet

25Negative

Cash Flow

35Negative

Financial statement breakdown
Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	99.03M	99.03M	110.34M	117.84M	75.57M	78.22M
Gross Profit	44.32M	38.32M	11.12M	56.60M	4.05M	26.73M
EBITDA	-1.08M	-8.74M	-1.96M	5.00M	-323.00K	-21.95M
Net Income	-41.68M	-41.68M	-56.68M	-21.45M	-48.91M	-39.23M
Balance Sheet
Total Assets	533.21M	533.21M	588.18M	661.14M	694.48M	762.81M
Cash, Cash Equivalents and Short-Term Investments	36.13M	36.13M	41.98M	32.59M	58.73M	44.33M
Total Debt	221.11M	221.11M	213.85M	215.16M	227.78M	257.45M
Total Liabilities	328.59M	328.59M	334.80M	346.09M	354.77M	393.93M
Stockholders Equity	200.94M	200.94M	249.42M	308.55M	331.19M	359.37M
Cash Flow
Free Cash Flow	0	-31.45M	26.90M	1.56M	43.94M	-11.12M
Operating Cash Flow	0	-4.12M	45.38M	22.36M	52.86M	2.79M
Investing Cash Flow	0	-12.79M	-19.24M	-25.03M	-9.75M	-15.11M
Financing Cash Flow	0	-3.63M	-10.61M	-14.40M	-13.12M	-3.01M

Mei Ah Entertainment Group Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price0.25

Price Trends

50DMA0.28Negative

100DMA0.20Positive

200DMA0.15Positive

Market Momentum

MACD-0.01Positive

RSI43.78Neutral

STOCH49.05Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0391, the sentiment is Negative. The current price of 0.25 is below the 20-day moving average (MA) of 0.27, below the 50-day MA of 0.28, and above the 200-day MA of 0.15, indicating a neutral trend. The MACD of -0.01 indicates Positive momentum. The RSI at 43.78 is Neutral, neither overbought nor oversold. The STOCH value of 49.05 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0391.

Mei Ah Entertainment Group Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (60)

Financial Indicators

HK:0391 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HK:2230	67Neutral	HKD 369.73M	6.58	8.62%	7.66%	-0.96%	6.59%
Sector *	60Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
HK:1132	48Neutral	HKD 156.78M	-1.16	-10.79%	―	-17.38%	-360.00%
HK:0326	48Neutral	HKD 17.97B	-48.33	-24.66%	―	-69.21%	-18.77%
HK:0391	47Neutral	HKD 1.47B	-34.93	-19.16%	―	-10.26%	27.08%
HK:1003	46Neutral	HKD 1.07B	-2.02	-54.38%	―	―	―
HK:8082	39Underperform	HKD 45.44M	-1.01	139.56%	―	-41.09%	29.17%

* Communication Services Sector Average

Performance Comparison

HK:0391 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
HK:0391	Mei Ah Entertainment Group Limited	0.25	0.15	145.54%
HK:0326	China Star Entertainment	7.40	5.43	275.63%
HK:8082	Sun Entertainment Group Limited	0.02	-0.10	-84.82%
HK:1132	Orange Sky Golden Harvest Entertainment (Holdings) Limited	0.06	-0.01	-18.84%
HK:1003	Huanxi Media Group Ltd.	0.24	-0.07	-21.61%
HK:2230	Medialink Group Ltd.	0.19	-0.05	-19.67%

Mei Ah Entertainment Group Limited Corporate Events

Mei Ah Entertainment Wins Full Shareholder Backing at 2026 AGM

Sep 18, 2026

Mei Ah Entertainment Group Limited reported that all resolutions at its annual general meeting on 18 September 2026 were approved by shareholders through a poll, with over 3.35 billion votes cast in favour for each item. The AGM endorsed the audited...

Mei Ah Entertainment Sets 2026 AGM With Share Buyback and Issuance Mandates

Aug 18, 2026

Mei Ah Entertainment Group Limited has called its annual general meeting for 18 September 2026 in Hong Kong, where shareholders will review the audited financial statements for the year ended 31 March 2026 and consider the re-election of four directo...

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.

Date of analysis: Sep 06, 2026

Mei Ah Entertainment Group Limited AI Stock Analysis