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Da Ming International Holdings Limited (1090) AI Stock Analysis

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HK:1090

Da Ming International Holdings Limited

(HKEX:1090)

Select Model
Rating:41Neutral
Price Target:HKD 0.50â–²(5.47% Upside)
Action:reiterated
Date:10/17/26

The score is held down primarily by weak financial performance: shrinking revenues, very thin margins, multi-year losses, high leverage, and a fragile free-cash-flow profile. Technical indicators add additional pressure given the clear downtrend (price below key moving averages and negative MACD). Valuation does not offset these risks because the negative P/E reflects loss-making operations and no dividend yield is available in the data.

Positive Factors
Value-added processingProcessing and customization add service fees or higher per-ton margins beyond basic steel trading. This supports customer relevance and can differentiate Da Ming from distributors that compete mainly on material availability and price, strengthening its role in industrial supply chains.
Negative Factors
Weak profitabilityShrinking revenue and extremely thin margins leave earnings highly exposed to steel pricing, procurement costs and operating expenses. Continued net losses indicate that the business has not yet converted its scale and processing activity into durable profitability.

Da Ming International Holdings Limited (1090) vs. iShares MSCI Hong Kong ETF (EWH)

-50%-40%-30%-20%-10%0%10%20%HK:1090-43.45%EWH+7.37%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
HKD 596.93M
Dividend Yield
―
Average Volume (3M)
137.13K
Price to Earnings (P/E)
-26.2
Beta (1Y)
0.61
Revenue Growth
3.54%
EPS Growth
95.50%
Country
Hong Kong
Employees
6,644
Sector
Basic Materials
Sector Strength
61
Industry
Steel

Da Ming International Holdings Limited Business Overview & Revenue Model

Company Description

Da Ming International Holdings Limited, a subsidiary of Ally Good Group Limited, specializes in the processing, distribution, and sale of a wide range of steel products, including both stainless and carbon steel. Operating globally as well as within...

How the Company Makes Money

Da Ming International Holdings Limited primarily makes money through (1) sales of processed steel products and (2) trading/distribution of steel materials. A core revenue driver is the margin earned between the procurement cost of stainless/specialty...

Da Ming International Holdings Limited Financial Statement Overview

Summary

Financial profile remains weak: revenue has declined for three straight years and margins are extremely thin (2025 gross margin ~2.4%, EBITDA margin ~1.6%), keeping results highly sensitive to pricing and costs. The company is still loss-making with negative net margins in 2022–2025. Balance sheet risk is elevated with debt-to-equity rising to ~2.9x (2024–2025). Cash generation is fragile with mostly negative free cash flow (2020–2024) and ~zero in 2025, despite improved operating cash flow in 2024–2025.

Income Statement

32Negative

Balance Sheet

38Negative

Cash Flow

27Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue44.60B44.19B46.45B50.56B50.12B46.35B
Gross Profit1.06B1.06B685.69M921.53M908.63M1.83B
EBITDA713.08M721.25M245.76M503.89M503.36M1.42B
Net Income-19.65M-35.56M-414.58M-219.07M-178.30M495.04M
Balance Sheet
Total Assets16.19B12.51B12.97B13.19B12.78B11.96B
Cash, Cash Equivalents and Short-Term Investments5.37B1.47B203.65M324.35M503.24M183.28M
Total Debt10.42B7.30B7.32B7.37B6.95B5.88B
Total Liabilities13.31B9.48B10.11B9.91B9.27B8.21B
Stockholders Equity2.52B2.49B2.53B2.94B3.17B3.41B
Cash Flow
Free Cash Flow472.92M338.91M-4.65M-599.27M-386.56M-252.30M
Operating Cash Flow872.19M583.32M439.46M67.28M272.28M436.24M
Investing Cash Flow-236.40M-285.05M-432.33M-654.46M-649.17M-644.81M
Financing Cash Flow-749.37M-271.00M-118.77M444.39M635.90M248.89M

Da Ming International Holdings Limited Technical Analysis

Technical Analysis SentimentNegative
Last Price0.47

Price Trends

50DMA0.61Negative
100DMA0.66Negative
200DMA0.73Negative

Market Momentum

MACD-0.04Positive
RSI23.83Positive
STOCH5.56Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1090, the sentiment is Negative. The current price of 0.47 is below the 20-day moving average (MA) of 0.54, below the 50-day MA of 0.61, and below the 200-day MA of 0.73, indicating a bearish trend. The MACD of -0.04 indicates Positive momentum. The RSI at 23.83 is Positive, neither overbought nor oversold. The STOCH value of 5.56 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1090.

Da Ming International Holdings Limited Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

HK:1090 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
HK:1118HK:111872OutperformHKD 672.02M4.779.86%5.98%-4.52%-8.87%
HK:1553HK:155365NeutralHKD 616.00M5.567.76%8.45%-35.49%-32.38%
Sector *61Neutral$10.43B7.12-0.05%2.87%2.86%-36.73%
HK:1938HK:193860NeutralHKD 169.87M1.217.82%―-39.70%-51.97%
HK:1053HK:105344NeutralHKD 12.61B-3.67-18.85%―-6.57%-6.67%
HK:1090HK:109041NeutralHKD 596.93M-26.17-0.78%―3.54%95.50%
HK:0347HK:034739UnderperformHKD 18.92B-3.49-14.44%―-1.18%-55.60%

* Basic Materials Sector Average

Performance Comparison

-40%-20%0%20%HK:1090HK:0347HK:1053HK:1118HK:1553HK:1938Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
HK:1090 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:1090Da Ming International Holdings Limited0.47-0.39-44.77%
HK:0347Angang Steel Co Class H0.99-1.08-52.16%
HK:1053Chongqing Iron & Steel Co., Ltd. Class H0.79-0.58-42.34%
HK:1118Golik Holdings Limited1.170.2324.34%
HK:1553Maike Tube Industry Holdings Limited1.42-0.03-2.07%
HK:1938Chu Kong Petroleum & Natural Gas Steel Pipe Holdings Ltd.0.17-0.15-47.50%

Da Ming International Holdings Limited Corporate Events

Da Ming International Unit Found Liable in Finnish Arbitration Over Defective Vessels

Sep 28, 2026

Da Ming International Holdings has disclosed that its indirect wholly owned subsidiary, Daming Heavy Industry, received a final arbitration award from the Arbitration Institute of the Finland Chamber of Commerce over defects in large pressure vessels...

Da Ming International Lifts H1 Profit on Modest Revenue Growth and Efficiency Gains

Aug 26, 2026

Da Ming International Holdings reported a 3.3% year-on-year rise in first-half 2026 revenue to RMB21.9 billion, with gross profit edging up 1.1% to RMB559.5 million. Total comprehensive income surged 49.5% to RMB34.0 million, while earnings attributa...

Da Ming Schedules Board Meeting to Approve Interim Results and Consider Dividend

Aug 10, 2026

Da Ming International Holdings Limited has scheduled a board meeting for 26 August 2026 to review and approve the unaudited interim results for the six months ended 30 June 2026, and to authorise their publication. The board will also consider whethe...

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: Oct 17, 2026