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In Construction Holdings Ltd
(1500)
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Rating:64Neutral
Price Target:
HK$0.44
▲(241.54% Upside)
Action:Reiterated
Date:09/15/26
The score is driven mainly by improved 2026 financial performance and a strong, low-leverage balance sheet, but is held back by multi-year profitability/cash-flow volatility and weak cash conversion. Technically, the trend is positive, though overbought signals add near-term risk. Valuation is supportive due to a low P/E.
Positive Factors
Minimal leverage
A conservatively positioned balance sheet reduces solvency pressure and preserves financial flexibility. Minimal leverage should help the company retain more operating resources for projects, withstand earnings variability, and make capital allocation decisions without heavy debt servicing demands.
Negative Factors
Volatile profitability
The swing from several loss-making years to strong 2026 margins reduces confidence that current earnings are durable. Recurring profitability will depend on consistent project outcomes, so renewed margin pressure could quickly weaken earnings quality and equity generation.
Read all positive and negative factors
Positive Factors
Negative Factors
Minimal leverage
A conservatively positioned balance sheet reduces solvency pressure and preserves financial flexibility. Minimal leverage should help the company retain more operating resources for projects, withstand earnings variability, and make capital allocation decisions without heavy debt servicing demands.
Read all positive factors
In Construction Holdings Ltd (1500) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$315.40M
Dividend Yield11.49%
Average Volume (3M)767.83K
Price to Earnings (P/E)5.3
Beta (1Y)0.41
Revenue Growth24.51%
EPS GrowthN/A
CountryHK
Employees36
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.08
Shares Outstanding830,000,000
10 Day Avg. Volume685,000
30 Day Avg. Volume767,833
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.56
Price to Sales (P/S)0.51
P/FCF Ratio6.44
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
In Construction Holdings Ltd Business Overview & Revenue Model
Company Description
Operating as an investment holding enterprise, In Construction Holdings Limited functions as a prominent general and foundation contractor across Hong Kong. Their specialized services cover a broad spectrum of foundational and associated projects,...
In Construction Holdings Ltd Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
76
Positive
Cash Flow
44
Neutral
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 340.66M | 273.60M | 383.10M | 332.35M | 462.25M |
| Gross Profit | 78.50M | 234.00K | 7.02M | 5.24M | 91.70M |
| EBITDA | 66.56M | -18.57M | -12.46M | -14.86M | 73.97M |
| Net Income | 64.84M | -18.91M | -12.86M | -15.33M | 62.19M |
Balance Sheet | |||||
| Total Assets | 398.12M | 369.07M | 395.26M | 373.37M | 416.24M |
| Cash, Cash Equivalents and Short-Term Investments | 87.06M | 31.45M | 78.56M | 112.05M | 147.75M |
| Total Debt | 0.00 | 13.00M | 13.06M | 5.31M | 10.33M |
| Total Liabilities | 90.62M | 126.41M | 133.68M | 98.94M | 101.58M |
| Stockholders Equity | 307.50M | 242.67M | 261.58M | 274.44M | 314.66M |
Cash Flow | |||||
| Free Cash Flow | 26.82M | -6.12M | -34.06M | -10.46M | 117.21M |
| Operating Cash Flow | 26.82M | -5.81M | -34.06M | -10.46M | 117.52M |
| Investing Cash Flow | 374.00K | 2.61M | 5.74M | 5.03M | 4.51M |
| Financing Cash Flow | -13.00M | -65.00K | -5.39M | -30.27M | -30.27M |
In Construction Holdings Ltd Technical Analysis
Positive
0.13
Price Trends
0.32
Positive
0.30
Positive
0.23
Positive
Market Momentum
0.02
Negative
76.08
Negative
57.26
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1500, the sentiment is Positive. The current price of 0.13 is below the 20-day moving average (MA) of 0.37, below the 50-day MA of 0.32, and below the 200-day MA of 0.23, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 76.08 is Negative, neither overbought nor oversold. The STOCH value of 57.26 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1500.
In Construction Holdings Ltd Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | HK$213.89M | 6.98 | 22.32% | 20.27% | -39.08% | 1675.00% | |
75 Outperform | HK$375.00M | 3.12 | 13.15% | 24.69% | -31.57% | -12.77% | |
64 Neutral | HK$315.40M | 5.31 | 22.45% | 11.49% | 24.51% | ― | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
53 Neutral | HK$212.00M | 9.01 | 6.28% | 3.77% | -5.52% | -3.29% | |
45 Neutral | HK$120.05M | -1.34 | -26.71% | ― | -51.29% | 43.87% | |
43 Neutral | HK$279.00M | -0.31 | -31.01% | 7.32% | -22.33% | -203.23% |
* Industrials Sector Average
HK:1500
In Construction Holdings Ltd
0.42
0.36
603.39%
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Chinney Kin Wing Holdings Limited
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179.25%
In Construction Holdings Ltd Corporate Events
In Construction Holdings Wins Unanimous Shareholder Backing at AGM
Sep 11, 2026
Shareholders of In Construction Holdings Ltd approved all resolutions at the annual general meeting held on 11 September 2026, with 600,000,000 shares, representing 100% of votes cast, supporting each item. The meeting endorsed the audited financi...
In Construction Holdings Wins Approval for HK$0.05 Special Dividend
Sep 11, 2026
In Construction Holdings Ltd secured shareholder approval at its extraordinary general meeting on 11 September 2026 to declare a special dividend of HK$0.05 per ordinary share from its share premium account. The resolution passed unanimously among...
In Construction Holdings Calls EGM to Approve HK$0.05 Special Dividend
Aug 6, 2026
In Construction Holdings Ltd has called an extraordinary general meeting for 11 September 2026 in Hong Kong, to be held immediately after its annual general meeting. Shareholders will vote on a board proposal to declare a special dividend of HK$0....
In Construction Holdings Declares HK$41.5 Million Special Dividend and Sets Key Record Dates
Jul 29, 2026
In Construction Holdings Ltd has declared a special dividend of HK$0.05 per ordinary share, to be paid out of its share premium account, amounting to about HK$41.5 million based on the current issued share capital. The distribution, framed as a ge...
In Construction Holdings Declares Special Cash Dividend from Share Premium
Jul 29, 2026
In Construction Holdings Limited has declared a special cash dividend of HKD 0.05 per share, to be paid out of its share premium account to shareholders on the Hong Kong register. The move underscores the company’s willingness to return capi...
In Construction Holdings Calls 2026 AGM to Seek Mandates on Share Issuance and Buybacks
Jul 17, 2026
In Construction Holdings Ltd has called an annual general meeting for 11 September 2026 in Hong Kong to present its audited consolidated financial statements for the year ended 31 March 2026, re-appoint KPMG as auditors, and seek shareholder appro...
In Construction Holdings Swings to Profit on Higher Revenue and Cost Controls
Jun 26, 2026
In Construction Holdings Ltd, a Hong Kong-listed construction group, derives its income mainly from project-based construction services in the local market. Its operations are structured through the company and its subsidiaries, collectively refer...
In Construction Holdings Forecasts Profit Turnaround for FY2026
Jun 24, 2026
In Construction Holdings Ltd expects to swing to a consolidated profit of about HK$62.5 million to HK$67.5 million for the year ended 31 March 2026, compared with a loss of HK$18.9 million a year earlier. The turnaround is mainly attributed to hig...
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.