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Hanison Construction Holdings
(0896)
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Rating:47Neutral
Price Target:
HK$0.27
▲(4.23% Upside)
Action:Reiterated
Date:07/31/26
The score is held down primarily by weak financial performance—sharp profitability deterioration and persistent negative operating/free cash flow—despite only moderate balance sheet leverage. Technicals add some support with the price slightly above multiple moving averages, but valuation remains challenged due to loss-making results and no provided dividend yield.
Positive Factors
Manageable leverage
A moderate debt-to-equity (~0.49) provides structural financial flexibility versus highly levered peers. This reduces near-term refinancing strain and supports working-capital financing for project execution, helping the firm sustain operations through construction cycles if earnings stabilize.
Negative Factors
Persistent negative operating and free cash flow
Multi-year negative operating and free cash flow is a durable structural weakness: it erodes liquidity, forces reliance on external financing, and constrains the ability to fund new contracts. In construction, persistent cash burn raises the risk of project delays, bonding limits and supplier pressure.
Read all positive and negative factors
Positive Factors
Negative Factors
Manageable leverage
A moderate debt-to-equity (~0.49) provides structural financial flexibility versus highly levered peers. This reduces near-term refinancing strain and supports working-capital financing for project execution, helping the firm sustain operations through construction cycles if earnings stabilize.
Read all positive factors
Hanison Construction Holdings (0896) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$268.27M
Dividend Yield7.32%
Average Volume (3M)43.05K
Price to Earnings (P/E)―
Beta (1Y)0.24
Revenue Growth-22.33%
EPS Growth-203.23%
CountryHK
Employees384
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)N/A
Shares Outstanding1,073,074,700
10 Day Avg. Volume73,873
30 Day Avg. Volume43,048
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.10
Price to Sales (P/S)0.17
P/FCF Ratio-2.42
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
Hanison Construction Holdings Business Overview & Revenue Model
Company Description
Hanison Construction Holdings Limited functions as an investment vehicle, with its core business centered on the construction industry within Hong Kong. The company's operations are diversified across seven primary segments. These encompass genera...
How the Company Makes Money
Hanison Construction Holdings primarily generates revenue by undertaking construction and engineering projects as a contractor and recognizing contract revenue as work is performed under customer agreements. Key revenue streams generally include (...
Hanison Construction Holdings Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
53
Neutral
Cash Flow
18
Very Negative
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.54B | 1.99B | 1.61B | 1.23B | 1.44B |
| Gross Profit | 107.39M | 124.47M | 119.86M | 114.83M | 139.32M |
| EBITDA | -269.34M | -227.05M | -119.68M | 31.69M | 220.94M |
| Net Income | -895.51M | -295.30M | -216.01M | -38.43M | 154.34M |
Balance Sheet | |||||
| Total Assets | 5.13B | 5.97B | 6.23B | 6.16B | 6.72B |
| Cash, Cash Equivalents and Short-Term Investments | 178.88M | 478.01M | 441.75M | 399.89M | 602.87M |
| Total Debt | 1.26B | 1.94B | 1.89B | 1.53B | 1.80B |
| Total Liabilities | 2.55B | 2.50B | 2.46B | 2.09B | 2.50B |
| Stockholders Equity | 2.58B | 3.46B | 3.77B | 4.07B | 4.22B |
Cash Flow | |||||
| Free Cash Flow | -107.55M | -361.36M | -215.90M | -171.54M | -179.80M |
| Operating Cash Flow | -106.11M | -357.91M | -202.28M | -142.63M | -178.52M |
| Investing Cash Flow | -81.53M | 344.21M | -18.75M | 300.23M | 1.21B |
| Financing Cash Flow | -6.69M | 50.00M | 265.56M | -367.45M | -1.13B |
Hanison Construction Holdings Technical Analysis
Positive
0.26
Price Trends
0.27
Negative
0.27
Negative
0.25
Positive
Market Momentum
>-0.01
Positive
46.12
Neutral
26.22
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0896, the sentiment is Positive. The current price of 0.26 is below the 20-day moving average (MA) of 0.26, below the 50-day MA of 0.27, and above the 200-day MA of 0.25, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 46.12 is Neutral, neither overbought nor oversold. The STOCH value of 26.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0896.
Hanison Construction Holdings Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | HK$1.79B | 3.91 | 15.72% | 11.18% | -12.79% | -0.62% | |
71 Outperform | HK$1.13B | 24.28 | 4.18% | 17.39% | -18.58% | -27.75% | |
67 Neutral | HK$45.27B | 5.29 | 10.83% | 7.48% | -14.20% | -12.79% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
52 Neutral | HK$705.88M | 0.92 | 31.00% | 5.49% | -12.39% | ― | |
47 Neutral | HK$268.27M | -0.30 | -31.01% | 7.32% | -22.33% | -203.23% | |
42 Neutral | HK$221.22M | -1.10 | -15.28% | 5.18% | 13.50% | -106.11% |
* Industrials Sector Average
HK:0896
Hanison Construction Holdings
0.26
-0.02
-5.56%
HK:0240
Build King Holdings
1.44
0.23
19.19%
HK:3311
China State Construction International Holdings
8.51
-1.45
-14.52%
HK:0406
Yau Lee Holdings Limited
0.51
-0.21
-29.86%
HK:0610
Wai Kee Holdings Limited
0.91
0.20
28.17%
HK:0687
Tysan Holdings Limited
0.34
0.09
33.33%
Hanison Construction Holdings Corporate Events
Hanison Construction Sets 2026 AGM to Approve Accounts and Share Issuance Mandate
Jul 28, 2026
Hanison Construction Holdings has called its annual general meeting for 30 September 2026 in Hong Kong, where shareholders will consider the adoption of audited financial statements for the year ended 31 March 2026 and the re-election of three dir...
Hanison Construction Slumps to Deep Loss on Property and Hotel Write-Downs
Jun 29, 2026
Hanison Construction Holdings reported a 22.3% drop in revenue to HK$1.54 billion for the year to 31 March 2026, driven mainly by weaker performance in its construction, interior and renovation, and building materials divisions. The group swung to...
Hanison Construction Flags Hefty Property-Driven Loss for FY2026
Jun 23, 2026
Hanison Construction Holdings has warned that it expects a sharp widening of its annual net loss to between HK$880 million and HK$900 million for the year ended 31 March 2026, compared with a loss of HK$295.3 million a year earlier. The deteriorat...
Hanison Construction Delays Board Meeting on Final Results and Dividend Decision
Jun 17, 2026
Hanison Construction Holdings has rescheduled its upcoming board meeting, which was originally planned for 24 June 2026, to 29 June 2026. The board is expected to review and approve the group’s final results for the year ended 31 March 2026 ...
Hanison Construction Sets June Board Meeting to Approve Annual Results and Consider Dividend
Jun 10, 2026
Hanison Construction Holdings has scheduled a board meeting for 24 June 2026 to review and approve the final results for the financial year ended 31 March 2026. At the same meeting, the board will also consider the declaration of a dividend, which...
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.