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Golden Resources Development International Limited
(0677)
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Rating:68Neutral
Price Target:
HK$0.40
▲(13.71% Upside)
Action:Reiterated
Date:09/11/26
The score is primarily supported by strong cash generation and a reasonably conservative balance sheet, which help offset volatile profitability. Technically, the stock shows a solid uptrend (price above key moving averages and positive MACD), though momentum is approaching stretched levels. Valuation is balanced by a high dividend yield but a mid-to-higher P/E relative to recent earnings stability.
Positive Factors
Cash Generation
Consistently positive operating cash flow and the sharp 2026 free cash flow rebound indicate that the business can convert operations into usable funds. This supports financial flexibility, internal investment capacity, and resilience when reported earnings are temporarily weaker.
Negative Factors
Earnings Volatility
The swing from loss to only modest profit shows that earnings power remains unstable rather than firmly restored. Profit levels below 2023–2024 suggest the company has limited cushion against further operational pressure and may need sustained improvement before returns normalize.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash Generation
Consistently positive operating cash flow and the sharp 2026 free cash flow rebound indicate that the business can convert operations into usable funds. This supports financial flexibility, internal investment capacity, and resilience when reported earnings are temporarily weaker.
Read all positive factors
Golden Resources Development International Limited (0677) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$636.53M
Dividend Yield6.13%
Average Volume (3M)702.80K
Price to Earnings (P/E)23.4
Beta (1Y)0.26
Revenue Growth1.22%
EPS GrowthN/A
CountryHK
Employees3,601
SectorConsumer Defensive
Sector Strength42
IndustryFood Distribution
Share Statistics
EPS (TTM)0.02
Shares Outstanding1,697,406,500
10 Day Avg. Volume1,602,400
30 Day Avg. Volume702,800
Financial Highlights & Ratios
PEG Ratio-0.08
Price to Book (P/B)0.45
Price to Sales (P/S)0.28
P/FCF Ratio2.53
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
Golden Resources Development International Limited Business Overview & Revenue Model
Company Description
Golden Resources Development International Limited functions as an investment holding company, overseeing a varied business portfolio. Its primary focus lies within the rice industry, where it manages the entire supply chain from global procuremen...
Golden Resources Development International Limited Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
67
Positive
Cash Flow
78
Positive
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.10B | 2.08B | 2.07B | 2.06B | 1.77B |
| Gross Profit | 813.13M | 794.50M | 804.53M | 787.90M | 637.89M |
| EBITDA | 277.59M | 231.52M | 348.90M | 315.74M | 230.72M |
| Net Income | 27.23M | -14.47M | 106.85M | 128.68M | 18.70M |
Balance Sheet | |||||
| Total Assets | 2.15B | 2.10B | 2.08B | 1.89B | 1.81B |
| Cash, Cash Equivalents and Short-Term Investments | 435.71M | 385.44M | 369.12M | 549.61M | 632.59M |
| Total Debt | 446.33M | 481.49M | 425.87M | 377.28M | 371.82M |
| Total Liabilities | 785.46M | 790.54M | 721.55M | 627.95M | 629.62M |
| Stockholders Equity | 1.31B | 1.27B | 1.32B | 1.23B | 1.14B |
Cash Flow | |||||
| Free Cash Flow | 234.73M | 199.51M | 142.63M | 61.97M | 99.47M |
| Operating Cash Flow | 261.70M | 262.12M | 211.30M | 268.99M | 162.11M |
| Investing Cash Flow | -54.28M | -12.46M | 1.42M | -300.36M | -11.89M |
| Financing Cash Flow | -191.89M | -202.85M | -193.54M | -169.45M | -161.45M |
Golden Resources Development International Limited Technical Analysis
Positive
0.35
Price Trends
0.35
Positive
0.34
Positive
0.34
Positive
Market Momentum
0.01
Negative
55.01
Neutral
50.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0677, the sentiment is Positive. The current price of 0.35 is below the 20-day moving average (MA) of 0.36, above the 50-day MA of 0.35, and above the 200-day MA of 0.34, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 55.01 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0677.
Golden Resources Development International Limited Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | HK$3.06B | 8.26 | 18.48% | 4.93% | 33.56% | 59.06% | |
68 Neutral | HK$636.53M | 23.44 | 2.09% | 6.13% | 1.22% | ― | |
67 Neutral | HK$305.03M | 8.39 | 5.61% | 10.26% | 1.35% | 38.28% | |
63 Neutral | HK$1.78B | 8.12 | 40.50% | 16.28% | 1.19% | -12.34% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
44 Neutral | HK$186.94M | -10.52 | -7.25% | 2.11% | -1.25% | -6.69% |
* Consumer Defensive Sector Average
HK:0677
Golden Resources Development International Limited
0.38
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-33.72%
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Best Mart 360 Holdings Ltd.
1.78
-0.14
-7.39%
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Jiangsu Horizon Chain Supermarket Company Limited Class H
1.44
-2.71
-65.30%
Golden Resources Development International Limited Corporate Events
Golden Resources Shareholders Approve All AGM Resolutions, Endorsing Capital Mandates
Aug 26, 2026
Golden Resources Development International Limited reported that all resolutions proposed at its 26 August 2026 annual general meeting were approved by shareholders via poll, including the adoption of financial statements for the year ended 31 Mar...
Golden Resources Updates Registered Office Address in Bermuda
Aug 3, 2026
Golden Resources Development International Limited has announced a change to its registered office address in Bermuda, effective 3 August 2026, relocating to Richmond House on Par-la-Ville Road in Hamilton. The announcement, authorized by chairman...
Golden Resources Calls 2026 AGM, Seeks Share Buyback and Issuance Mandates
Jul 28, 2026
Golden Resources Development International has called its 2026 annual general meeting for 26 August in Hong Kong, where shareholders will review the company’s financial statements for the year ended 31 March 2026 and consider a proposed fina...
Golden Resources swings back to profit on stronger margins and property gains
Jun 29, 2026
Golden Resources Development International Limited reported revenue of HK$2.10 billion for the year ended March 31, 2026, slightly up from HK$2.08 billion a year earlier, with gross profit rising to HK$813.1 million. The group turned around from a...
Golden Resources Declares Final Cash Dividend for FY2026
Jun 29, 2026
Golden Resources Development International Limited has declared a final ordinary cash dividend of HKD 0.012 per share for the financial year ended 31 March 2026, with shareholder approval scheduled for 26 August 2026. The dividend will be paid in ...
Golden Resources Flags Return to Profit on Higher Margins and Property Gains
Jun 17, 2026
Golden Resources Development International expects to swing to a profit of about HK$27.2 million for the year ended 31 March 2026, compared with a loss of roughly HK$14.5 million a year earlier, based on preliminary unaudited figures. The turnarou...
Golden Resources Sets June Board Meeting to Approve FY2026 Results and Dividend
Jun 16, 2026
Golden Resources Development International Limited has scheduled a board meeting for 29 June 2026 in Hong Kong to review and approve the final results for the financial year ended 31 March 2026. The board will also consider the declaration of a fi...
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.