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Future Bright Holdings
(0703)
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Rating:51Neutral
Price Target:
HK$0.11
â–¼(-13.08% Downside)
Action:Reiterated
Date:09/08/26
The score is primarily supported by improved financial stability versus 2020–2022 and continued positive operating/free cash flow, but is capped by very thin recent profitability and sharply lower ROE alongside moderate leverage. Technicals add further pressure with a clear downtrend (below key moving averages and negative MACD), while valuation signals are weak due to a negative P/E and missing dividend yield.
Positive Factors
Return to profitability
The shift from losses to three consecutive profitable years indicates a meaningful recovery in operating viability. Although current margins are thin, sustained profitability provides a stronger base for reinvestment, debt management, and continued business operations over the next several quarters.
Negative Factors
Severely compressed net margin
Very low net margins leave limited protection against modest cost increases or demand weakness. The sharp deterioration from 2023 also indicates that reported profitability is not yet durable, making earnings more vulnerable and restricting the funds available for reinvestment or balance-sheet improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Return to profitability
The shift from losses to three consecutive profitable years indicates a meaningful recovery in operating viability. Although current margins are thin, sustained profitability provides a stronger base for reinvestment, debt management, and continued business operations over the next several quarters.
Read all positive factors
Future Bright Holdings (0703) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$78.46M
Dividend Yield4%
Average Volume (3M)126.78K
Price to Earnings (P/E)―
Beta (1Y)0.51
Revenue Growth-0.77%
EPS Growth-140.39%
CountryHK
Employees665
SectorConsumer Cyclical
Sector Strength84
IndustryRestaurants
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding694,302,400
10 Day Avg. Volume40,738
30 Day Avg. Volume126,779
Financial Highlights & Ratios
PEG Ratio-0.87
Price to Book (P/B)0.24
Price to Sales (P/S)0.19
P/FCF Ratio1.15
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
Future Bright Holdings Business Overview & Revenue Model
Company Description
Future Bright Holdings Limited is an investment holding enterprise primarily engaged in the food and beverage sector across Hong Kong, Macau, mainland China, and Taiwan. Its operations are organized into three key segments: Food and Catering, Food...
How the Company Makes Money
null...
Future Bright Holdings Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
52
Neutral
Cash Flow
64
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 482.00M | 492.47M | 480.04M | 491.11M | 285.06M | 475.42M |
| Gross Profit | 99.43M | 115.85M | 109.43M | 127.12M | -12.89M | 12.31M |
| EBITDA | 67.84M | 85.87M | 66.83M | 125.47M | -46.52M | 34.96M |
| Net Income | -5.66M | 4.63M | 6.01M | 48.59M | -125.61M | -72.95M |
Balance Sheet | ||||||
| Total Assets | 928.48M | 964.22M | 958.62M | 1.00B | 949.94M | 1.09B |
| Cash, Cash Equivalents and Short-Term Investments | 50.85M | 69.72M | 32.80M | 42.06M | 26.07M | 36.81M |
| Total Debt | 361.95M | 394.11M | 424.55M | 522.59M | 422.08M | 511.13M |
| Total Liabilities | 574.99M | 608.87M | 608.73M | 647.59M | 654.43M | 683.26M |
| Stockholders Equity | 381.77M | 383.74M | 379.50M | 373.16M | 324.46M | 431.55M |
Cash Flow | ||||||
| Free Cash Flow | 55.00M | 80.58M | 93.55M | 112.69M | -34.23M | 12.39M |
| Operating Cash Flow | 58.62M | 92.11M | 109.13M | 124.56M | -21.51M | 16.64M |
| Investing Cash Flow | -5.17M | -13.08M | -15.78M | -11.94M | -12.72M | -4.25M |
| Financing Cash Flow | -17.11M | -44.85M | -102.42M | -96.54M | 18.54M | -46.55M |
Future Bright Holdings Technical Analysis
Positive
0.13
Price Trends
0.10
Positive
0.11
Positive
0.12
Negative
Market Momentum
<0.01
Negative
61.04
Neutral
75.59
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0703, the sentiment is Positive. The current price of 0.13 is above the 20-day moving average (MA) of 0.10, above the 50-day MA of 0.10, and above the 200-day MA of 0.12, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 61.04 is Neutral, neither overbought nor oversold. The STOCH value of 75.59 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0703.
Future Bright Holdings Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | HK$1.55B | 10.55 | 15.54% | 7.22% | 8.46% | 56.14% | |
66 Neutral | HK$3.01B | 19.07 | 6.13% | 7.19% | -4.50% | -29.22% | |
62 Neutral | HK$878.69M | 35.44 | 0.75% | 9.83% | 8.18% | 100.92% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | HK$542.83M | 13.44 | 6.33% | 6.97% | -0.04% | 16.95% | |
60 Neutral | HK$249.53M | 27.14 | 1.95% | 14.52% | -2.56% | -23.91% | |
51 Neutral | HK$78.46M | -13.66 | -1.48% | 4.00% | -0.77% | -140.39% |
* Consumer Cyclical Sector Average
HK:0703
Future Bright Holdings
0.11
-0.04
-25.33%
HK:0052
Fairwood Holdings
4.30
-0.63
-12.73%
HK:1314
Tsui Wah Holdings Ltd.
0.19
0.01
5.56%
HK:0341
Cafe de Coral Holdings Ltd.
5.56
-0.49
-8.04%
HK:0538
Ajisen (China) Holdings Limited
0.80
-0.10
-10.71%
HK:6811
Tai Hing Group Holdings Ltd.
1.55
0.49
46.86%
Future Bright Holdings Corporate Events
Future Bright Secures Rent Cut on Macau Restaurant Lease
Sep 9, 2026
Future Bright Holdings has amended the lease terms for its Macau restaurant Good Fortune Kitchen, after the property changed hands to a new individual landlord who, under Macau law, succeeded as lessor without altering the original contract. Throu...
Future Bright Subsidiary Signs Macao Hotel Renovation Deals Deemed Discloseable Transactions
Sep 3, 2026
Future Bright Holdings’ wholly owned subsidiary Chun Ieng has signed two renovation contracts with an independent contractor to carry out civil and waterproofing works at restaurant premises in the NÜWA Hotel on Cotai, Macao. The projec...
Future Bright Swings to Interim Loss as Operating Profit Slides
Aug 31, 2026
Future Bright Holdings reported a decline in interim performance for the six months to 30 June 2026, with turnover down 4.5% to HK$220.5 million and gross operating profit falling 29.1%. The period swung to a loss attributable to owners of HK$1.7 ...
Future Bright Forms Food and Beverage Joint Venture in Greater Bay Area
Aug 25, 2026
Future Bright Holdings has formed a new joint venture company with an independent partner, under which Future Bright Restaurant will hold a two‑thirds stake and the partner one‑third, to expand and manage food and beverage operations a...
Future Bright Sets August Board Meeting to Approve Interim Results and Consider Dividend
Aug 19, 2026
Future Bright Holdings has scheduled a board meeting in Hong Kong on 31 August 2026 to review and approve the group’s interim results for the six months ended 30 June 2026, with the intention to subsequently publish these figures to the mark...
Future Bright Warns of Half-Year Loss as Catering Business Weakens
Aug 14, 2026
Future Bright Holdings Limited has warned of a swing to an unaudited net loss attributable to shareholders of about HK$1.7 million for the six months ended 30 June 2026, compared with a profit of HK$8.6 million a year earlier. The deterioration re...
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.