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Fulum Group Holdings Ltd. (HK:1443)
:1443
Hong Kong Market
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Fulum Group Holdings Ltd. (1443) AI Stock Analysis

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HK:1443

Fulum Group Holdings Ltd.

(1443)

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Neutral 50 (OpenAI - Gpt-5.6Sol)
Rating:50Neutral
Price Target:
HK$0.07
▼(-12.50% Downside)
Action:Reiterated
Date:10/15/26
The score is held back primarily by weakening profitability (revenue decline, sharp gross margin compression, and renewed losses) and a highly leveraged balance sheet with limited flexibility. These risks are partially offset by consistently positive operating/free cash flow and a moderately constructive technical backdrop (price above longer-term moving averages with neutral momentum).
Positive Factors
Positive cash generation
Consistently positive operating and free cash flow provides an important source of internal funding despite reported net losses. This supports ongoing operations and investment, while reducing reliance on external financing, although elevated debt still limits how much financial flexibility the cash generation creates.
Negative Factors
Revenue and margin deterioration
The combination of falling revenue and severe gross-margin compression points to weakening operating economics rather than merely slower growth. If sustained, it reduces the cash available from each unit of sales, makes fixed costs harder to absorb, and undermines the durability of future profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Positive cash generation
Consistently positive operating and free cash flow provides an important source of internal funding despite reported net losses. This supports ongoing operations and investment, while reducing reliance on external financing, although elevated debt still limits how much financial flexibility the cash generation creates.
Read all positive factors

Fulum Group Holdings Ltd. (1443) vs. iShares MSCI Hong Kong ETF (EWH)

Fulum Group Holdings Ltd. Business Overview & Revenue Model

Company Description
Fulum Group Holdings Limited operates as an investment firm, primarily concentrating on restaurant management within Hong Kong and mainland China. As of March 31, 2022, the company's portfolio encompassed 91 restaurants. This total included 16 est...

Fulum Group Holdings Ltd. Financial Statement Overview

Summary
Overall fundamentals are mixed but skew negative. The income statement has weakened (revenue down in 2026 and gross margin falling sharply to ~19%, returning to operating losses), and the balance sheet is a major risk with high leverage and thin equity (debt-to-equity ~4.75x in 2026). Offsetting this, cash flow quality is a clear strength with consistently positive operating and free cash flow, though debt coverage remains limited (~0.49).
Income Statement
38
Negative
Balance Sheet
27
Negative
Cash Flow
74
Positive
BreakdownMar 2025Mar 2024Mar 2023Mar 2022Mar 2021
Income Statement
Total Revenue1.42B1.70B1.84B1.64B1.45B
Gross Profit269.64M621.16M698.32M600.69M455.71M
EBITDA247.09M309.71M377.94M334.03M263.48M
Net Income-37.29M-66.37M50.58M21.14M-49.17M
Balance Sheet
Total Assets739.65M1.01B1.27B991.23M995.95M
Cash, Cash Equivalents and Short-Term Investments100.38M74.64M121.79M169.76M128.57M
Total Debt430.20M643.91M878.66M649.46M691.45M
Total Liabilities652.00M888.58M1.08B845.95M874.26M
Stockholders Equity90.58M127.72M195.99M147.85M121.69M
Cash Flow
Free Cash Flow285.24M280.88M297.22M265.09M177.38M
Operating Cash Flow291.71M342.07M362.81M325.65M251.03M
Investing Cash Flow-6.71M-65.25M-74.66M-63.74M-76.86M
Financing Cash Flow-259.05M-324.15M-338.65M-164.63M-246.85M

Fulum Group Holdings Ltd. Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.08
Price Trends
50DMA
0.08
Positive
100DMA
0.06
Positive
200DMA
0.06
Positive
Market Momentum
MACD
>-0.01
Positive
RSI
46.81
Neutral
STOCH
19.05
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1443, the sentiment is Positive. The current price of 0.08 is below the 20-day moving average (MA) of 0.10, above the 50-day MA of 0.08, and above the 200-day MA of 0.06, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 46.81 is Neutral, neither overbought nor oversold. The STOCH value of 19.05 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1443.

Fulum Group Holdings Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
72
Outperform
HK$1.52B10.6915.54%7.13%8.46%56.14%
67
Neutral
HK$3.35B20.376.13%6.73%-4.50%-29.22%
61
Neutral
$18.38B12.79-2.54%3.03%1.52%-15.83%
53
Neutral
HK$223.33M23.141.95%14.52%-2.56%-23.91%
50
Neutral
HK$93.60M-2.51-40.59%2.10%-16.49%43.73%
45
Neutral
HK$202.71M-8.01-1.01%2.00%-4.42%77.56%
37
Underperform
HK$51.98M-1.96-102.38%―1.93%-27.49%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:1443
Fulum Group Holdings Ltd.
0.07
-0.02
-17.24%
HK:0126
Carrianna Group Holdings Company Limited
0.13
-0.03
-19.88%
HK:1314
Tsui Wah Holdings Ltd.
0.16
-0.01
-8.47%
HK:0341
Cafe de Coral Holdings Ltd.
5.94
0.10
1.69%
HK:6811
Tai Hing Group Holdings Ltd.
1.57
0.54
52.68%
HK:8096
Tasty Concepts Holding Limited
0.11
-0.02
-12.20%

Fulum Group Holdings Ltd. Corporate Events

Fulum Group Wins Strong Shareholder Backing for AGM Resolutions
Sep 18, 2026
Fulum Group Holdings Ltd. reported that shareholders overwhelmingly approved all resolutions at its annual general meeting held on 18 September 2026, including the adoption of audited financial statements for the year ended 31 March 2026 and the r...
Fulum Group Sets 2026 AGM to Ratify Governance and Share Issuance Mandate
Aug 21, 2026
Fulum Group Holdings Ltd. has convened its annual general meeting for 18 September 2026 in Kowloon Bay, Hong Kong, where shareholders will review and approve the audited consolidated financial statements for the year ended 31 March 2026 and the ac...
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 15, 2026