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Grand Ming Group Holdings Ltd.
(1271)
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Rating:45Neutral
Price Target:
HK$0.28
▼(-77.72% Downside)
Action:Reiterated
Date:08/17/26
The score is held down primarily by weak and volatile financial performance—sharp deterioration to heavy losses in FY2025–FY2026 alongside high and rising leverage—while cash flow improvement in FY2026 provides only partial offset given its inconsistency and scale versus debt. Technicals are mixed with a short-term rebound but longer-term downtrend signals, and valuation is constrained by negative earnings and no provided dividend yield.
Positive Factors
FY2026 Revenue Growth
Strong FY2026 revenue growth indicates continued demand for the company’s construction services and an ability to secure or execute a larger project workload. If maintained, expanding activity can support operating scale and provide a base for future earnings recovery, despite current margin pressure.
Negative Factors
Sustained Losses and Margin Compression
The shift from strong profits in FY2023 and FY2024 to sizeable losses in the following two years shows that earnings are not yet durable. FY2026 revenue growth failed to translate into profit, while gross-margin compression points to persistent contract execution or cost pressure.
Read all positive and negative factors
Positive Factors
Negative Factors
FY2026 Revenue Growth
Strong FY2026 revenue growth indicates continued demand for the company’s construction services and an ability to secure or execute a larger project workload. If maintained, expanding activity can support operating scale and provide a base for future earnings recovery, despite current margin pressure.
Read all positive factors
Grand Ming Group Holdings Ltd. (1271) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$411.86M
Dividend Yield6.09%
Average Volume (3M)67.01K
Price to Earnings (P/E)―
Beta (1Y)-0.08
Revenue Growth-24.21%
EPS Growth-19.70%
CountryHK
Employees157
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)-0.25
Shares Outstanding1,420,222,300
10 Day Avg. Volume8,101
30 Day Avg. Volume67,010
Financial Highlights & Ratios
PEG Ratio-0.12
Price to Book (P/B)0.33
Price to Sales (P/S)0.90
P/FCF Ratio5.50
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
Grand Ming Group Holdings Ltd. Business Overview & Revenue Model
Company Description
Grand Ming Group Holdings Limited operates as an investment holding company, engaging in a variety of business ventures across Hong Kong. Its core activities include building construction, property leasing, and real estate development. The constru...
How the Company Makes Money
Grand Ming Group Holdings Ltd. generates revenue primarily by providing construction services under project contracts. Under this model, the company is paid for delivering construction work (e.g., building or related contracting works) for custome...
Grand Ming Group Holdings Ltd. Financial Statement Overview
Summary
Income Statement
26
Negative
Balance Sheet
39
Negative
Cash Flow
44
Neutral
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 868.38M | 1.15B | 532.69M | 5.00B | 817.87M |
| Gross Profit | 53.73M | 332.72M | 168.56M | 1.99B | 61.68M |
| EBITDA | -225.11M | -148.20M | 457.71M | 1.69B | 15.14M |
| Net Income | -349.50M | -292.06M | 298.45M | 1.28B | 17.55M |
Balance Sheet | |||||
| Total Assets | 8.97B | 9.10B | 9.39B | 8.15B | 10.67B |
| Cash, Cash Equivalents and Short-Term Investments | 159.49M | 33.62M | 62.56M | 611.80M | 696.83M |
| Total Debt | 5.98B | 5.81B | 5.88B | 4.63B | 4.91B |
| Total Liabilities | 6.60B | 6.38B | 6.43B | 5.17B | 8.55B |
| Stockholders Equity | 2.38B | 2.72B | 2.95B | 2.98B | 2.13B |
Cash Flow | |||||
| Free Cash Flow | 142.10M | -21.49M | -101.51M | 762.66M | -355.74M |
| Operating Cash Flow | 142.28M | 461.38M | -100.24M | 823.72M | -351.96M |
| Investing Cash Flow | -316.07M | -118.15M | -948.91M | -202.25M | -581.03M |
| Financing Cash Flow | 153.03M | -372.13M | 548.45M | -701.67M | 504.57M |
Grand Ming Group Holdings Ltd. Technical Analysis
Negative
1.27
Price Trends
0.28
Positive
0.38
Negative
0.57
Negative
Market Momentum
<0.01
Positive
48.13
Neutral
19.26
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1271, the sentiment is Negative. The current price of 1.27 is above the 20-day moving average (MA) of 0.31, above the 50-day MA of 0.28, and above the 200-day MA of 0.57, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 48.13 is Neutral, neither overbought nor oversold. The STOCH value of 19.26 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1271.
Grand Ming Group Holdings Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | HK$788.39M | 6.06 | 5.65% | 4.88% | 9.50% | ― | |
54 Neutral | HK$717.78M | 0.94 | 31.00% | 5.49% | -12.39% | ― | |
48 Neutral | HK$3.52B | 124.71 | 11.93% | 0.38% | -6.20% | 47.88% | |
45 Neutral | HK$411.86M | -1.17 | -13.79% | 6.09% | -24.21% | -19.70% | |
43 Neutral | HK$268.27M | -0.30 | -31.01% | 7.32% | -22.33% | -203.23% |
* Industrials Sector Average
HK:1271
Grand Ming Group Holdings Ltd.
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0.02
5.13%
Grand Ming Group Holdings Ltd. Corporate Events
Grand Ming Shareholders Unanimously Back AGM Resolutions and Capital Mandates
Aug 25, 2026
Grand Ming Group Holdings Ltd., a Cayman Islands-incorporated investment holding company listed in Hong Kong under stock code 1271, is overseen by a mix of executive and independent non-executive directors. The company relies on Tricor Investor Se...
Grand Ming clarifies AGM book closure dates for FY 2025/26
Jul 27, 2026
Grand Ming Group Holdings Ltd., incorporated in the Cayman Islands and listed in Hong Kong, operates as an investment holding company with interests in property-related and infrastructure businesses. The group is overseen by a board comprising exe...
Grand Ming Group sets August AGM to vote on board appointments and share buy-back mandate
Jul 23, 2026
Grand Ming Group Holdings Ltd. has convened its annual general meeting for 25 August 2026 in Hong Kong, where shareholders will review and approve the audited financial statements and directors’ and auditor’s reports for the year ended...
Grand Ming Secures Key Lender Waivers, Easing Covenant Breach Pressure
Jul 6, 2026
Grand Ming Group Holdings has disclosed that, following earlier non-compliance with certain financial covenants on its loan facilities, it has secured waivers from a majority of its lenders covering about HK$4,375 million of the HK$4,950 million o...
Grand Ming Group Posts Wider Loss and Skips Dividend Amid Revenue Slump
Jun 30, 2026
Grand Ming Group reported a 24.2% drop in revenue to HK$868.4 million for the year ended 31 March 2026, reflecting weaker performance across its property-related activities in Hong Kong. Gross profit declined sharply and the group recorded a net l...
Grand Ming Discloses Covenant Breach on HK$4.95 Billion Loan Facilities
Jun 30, 2026
Grand Ming Group Holdings Limited, incorporated in the Cayman Islands and listed on the Hong Kong Stock Exchange, operates with a substantial level of bank financing subject to covenants on earnings, gearing and liquidity. Its capital structure me...
Grand Ming Delays Board Meeting to Finalize Annual Results
Jun 23, 2026
Grand Ming Group Holdings Ltd. has rescheduled its upcoming board meeting, originally set for 26 June 2026, to 30 June 2026 to allow additional time for the preparation of its audited consolidated financial results for the year ended 31 March 2026...
Grand Ming Sets June 2026 Board Meeting to Approve Results and Consider Final Dividend
Jun 15, 2026
Grand Ming Group Holdings Limited has scheduled a board meeting for 26 June 2026 to review and approve the audited consolidated financial results for the year ended 31 March 2026. At the same meeting, the board will also consider the declaration o...
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.