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Major Holdings Ltd.
(1389)
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Rating:55Neutral
Price Target:
HK$0.77
▲(115.00% Upside)
Action:Reiterated
Date:10/14/26
The score is held back primarily by persistent losses and recently negative operating/free cash flow despite a strong, low-debt balance sheet. Technicals are supportive with a clear uptrend and positive momentum, but elevated RSI suggests near-term overheating. Valuation is constrained by negative earnings and the absence of dividend support.
Positive Factors
Low Leverage
Very low leverage gives the company greater financial flexibility while reducing refinancing exposure and interest-related pressure. This capital structure can help it absorb operating volatility and preserve funding capacity for recovery initiatives over the next several quarters.
Negative Factors
Persistent Losses
Persistent net losses and negative EBIT indicate that the core business has not yet established sustainable operating profitability. This weak earnings base limits internally generated funding, reduces returns on capital, and leaves the company dependent on a successful turnaround.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
Very low leverage gives the company greater financial flexibility while reducing refinancing exposure and interest-related pressure. This capital structure can help it absorb operating volatility and preserve funding capacity for recovery initiatives over the next several quarters.
Read all positive factors
Major Holdings Ltd. (1389) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$288.25M
Dividend Yield0.71%
Average Volume (3M)113.04K
Price to Earnings (P/E)―
Beta (1Y)0.33
Revenue Growth-9.07%
EPS Growth86.31%
CountryHK
Employees17
SectorConsumer Defensive
Sector Strength42
IndustryBeverages - Wineries & Distilleries
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding554,333,300
10 Day Avg. Volume28,000
30 Day Avg. Volume113,040
Financial Highlights & Ratios
PEG Ratio0.88
Price to Book (P/B)1.29
Price to Sales (P/S)2.63
P/FCF Ratio-26.00
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
Major Holdings Ltd. Business Overview & Revenue Model
Company Description
Operating as an investment holding company, Major Holdings Limited primarily focuses on the importation and distribution of high-quality wines and spirits throughout Hong Kong. The company's diverse portfolio includes various types of wine, such a...
Major Holdings Ltd. Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
74
Positive
Cash Flow
32
Negative
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 52.76M | 58.02M | 63.04M | 74.44M | 107.79M |
| Gross Profit | 6.43M | -8.88M | 5.47M | 7.87M | 13.84M |
| EBITDA | -2.71M | -10.84M | -10.05M | -11.06M | 2.15M |
| Net Income | -1.85M | -13.36M | -15.68M | -16.59M | -8.71M |
Balance Sheet | |||||
| Total Assets | 132.19M | 117.84M | 135.95M | 132.36M | 173.35M |
| Cash, Cash Equivalents and Short-Term Investments | 4.90M | 11.52M | 26.45M | 5.93M | 7.18M |
| Total Debt | 685.00K | 1.23M | 4.79M | 12.13M | 23.65M |
| Total Liabilities | 24.43M | 8.22M | 12.98M | 22.55M | 46.94M |
| Stockholders Equity | 107.76M | 109.61M | 122.97M | 109.81M | 126.41M |
Cash Flow | |||||
| Free Cash Flow | -5.33M | -13.02M | 1.13M | 17.81M | -3.52M |
| Operating Cash Flow | -5.33M | -12.52M | 1.29M | 20.17M | -3.48M |
| Investing Cash Flow | 1.00K | -330.00K | -108.00K | 3.72M | 17.00K |
| Financing Cash Flow | -1.29M | -2.08M | 19.34M | -25.14M | 3.75M |
Major Holdings Ltd. Technical Analysis
Positive
0.36
Price Trends
0.50
Positive
0.51
Positive
0.42
Positive
Market Momentum
0.03
Negative
84.61
Negative
42.96
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1389, the sentiment is Positive. The current price of 0.36 is below the 20-day moving average (MA) of 0.53, below the 50-day MA of 0.50, and below the 200-day MA of 0.42, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 84.61 is Negative, neither overbought nor oversold. The STOCH value of 42.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1389.
Major Holdings Ltd. Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | HK$194.00M | 3.49 | 15.43% | ― | -4.14% | 0.91% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
57 Neutral | HK$93.48M | -13.79 | -6.57% | 3.69% | 61.46% | 89.83% | |
55 Neutral | HK$288.25M | -228.79 | -1.72% | 0.71% | -9.07% | 86.31% | |
47 Neutral | HK$292.68M | -71.46 | -3.96% | 112.17% | -9.97% | 94.50% | |
46 Neutral | HK$219.71M | 30.93 | 1.80% | 2.63% | -49.66% | -73.78% | |
44 Neutral | HK$190.22M | -10.15 | -7.25% | 2.11% | -1.25% | -6.69% |
* Consumer Defensive Sector Average
HK:1389
Major Holdings Ltd.
0.76
0.07
9.42%
HK:0389
China Tontine Wines Group
0.32
-0.11
-26.74%
HK:1446
Hung Fook Tong Group Holdings Ltd
0.28
-0.16
-37.50%
HK:8146
Grace Wine Holdings Limited
0.36
0.25
221.43%
HK:0828
Dynasty Fine Wines Group Limited
0.13
-0.15
-53.33%
HK:8509
Wine's Link International Holdings Limited
0.49
-0.24
-32.64%
Major Holdings Ltd. Corporate Events
Max Premier launches mandatory cash offer after taking control of Major Holdings
Oct 12, 2026
Max Premier Limited has acquired 298,092,515 shares in Major Holdings Ltd., representing about 53.77% of the company’s issued share capital, for HK$102.163 million at HK$0.3428 per share, completing the transaction on 5 October 2026. Followi...
Major Holdings Requests Trading Halt Ahead of Takeover-Related Announcement
Oct 2, 2026
Major Holdings Ltd., a Cayman Islands-incorporated company listed in Hong Kong under stock code 1389, operates within the Hong Kong capital markets under standard corporate governance oversight. The board is led by chairman and executive director ...
Major Holdings Wins Unanimous Shareholder Backing at 2026 AGM
Aug 7, 2026
Major Holdings Limited, incorporated in the Cayman Islands and listed in Hong Kong, maintains a governance structure led by chairman and executive director Cheung Chun To alongside three independent non-executive directors. The company engages ext...
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.